For my last entry, didn't wait for my SL. Exited the moment M15 closed at 2747 after touching 2762, for a loss of 3 pips. That is the risk that results whenever a trade is taken without the confirmation provided by a bull or bear support

Trading the Cable swings via averages

Alan's divergence on M15. Most likely, the bulls will now come back. Let's wait and see

Trading the Cable swings via averages

Long at 2750 as M5 has closed above an old M5 swing hi at 2747. SL at 2734. Basis: Alan's divergence on M30

Trading the Cable swings via averages

Thanks. My joy is that Alan's div is ever reliable. From my post, even if one had bought at 2738, the div would have helped one to close out without a loss

Trading the Cable swings via averages

Can somebody doff his hat for the latest Alan's div on M30. For one hour I thought the div had failed and that would have been a first for me. From what I have noticed the regular divs can fail but Alan's divs rarely fail. Yes, GU is ...

Trading the Cable swings via averages

Brilliant, Pakeha. For me, I feel more comfortable with Alan's divs than with the regular divs. Like yesterday, H1 has a divergence presently but this time, Alan's. There is also a bearish Alan's div on M15. Notice that PA has done 33 pips already ...

Trading the Cable swings via averages

The doyen himself! Welcome. We are all glad that you are back from the holidays. Forexianaires: another addition to our lexicon. Check out the previous ones: Bull support Bear support Average Swing high Average Swing Low Impulse Bar Two-bar test ...

Trading the Cable swings via averages

They are not obsolete at all. They remain relevant as PA moves up and down across these prices whether today or in the future. Yes, with what D1 printed yesterday, GU is expected to be very bullish. So, 2765 and 2808 are still in play. But who says ...

Trading the Cable swings via averages

All the TFs have swing averages. H1 happens to be the most convenient and conventional for our System. These averages are our own pivots in the real sense. As you are aware, The H1 average swings target the next one after conquering the nearest one. ...

Trading the Cable swings via averages

GU has refused to retrace both at 2662 and 2689 and there is no guarantee it will at 2697. Are we sure GU is not targeting 2800 quietly but firmly?

Trading the Cable swings via averages

Yes, but I seem to believe GU will retrace about 50 pips on getting to our H1 average swing hi at 2662.

Trading the Cable swings via averages

Just reading your post. At that time, PA was very flat and RSI hovering at 50. Couldn't pick any divergence at that point. Like you know, our very relevant levels are 20 and 80. The ruling H1 divergence is still the last one that overlapped from the ...

Trading the Cable swings via averages

Mike, I'm not seeing any divergences on your chart. Price is slanting downwards and so is the slow RSI. Again, both the slow RSI and the fast RSI are slanting downwards even though the slope of the latter is steeper. One of the pluses of our System ...

Trading the Cable swings via averages

Hope you are in; 30 pips in the good already. 2635 is now in sight

Trading the Cable swings via averages

Yes, you are right: an overlap from yesterday

Trading the Cable swings via averages

Just getting back to the thread after yesterday's storm, PA moving from 2773 to 2423 (350 pips)and disrespecting divergences in the process. But our system is able, all the time. I can see that Pakeha has done a good job with your question. That is ...

Trading the Cable swings via averages

Won't be able to study your charts now because the market is raging presently. But here are my own charts at the time in question

Trading the Cable swings via averages

128 pips! That is the power of Alan's divergence on H4. And now, with Alan's bullish divergences printing on M5 and M15, the bears seem to have had their fill. Let's see what the bulls can do from here. PA is presently at 2649. In the period before ...

Trading the Cable swings via averages

Great to know there is someone like you on this thread. It is well with you.

Trading the Cable swings via averages

Volatility-wise GU is looking good having done 44 pips today already. It is still early but there are Alan's divs on M5, M15 and H4. You won't be envying the bulls at all at this moment

Trading the Cable swings via averages