Welcome to 2019 folks. It shall be a positively momentous year for us all, in Jesus Name. H1 average is curving downwards having failed to get anywhere near the next average swing high at 2865. Also, H1 had been unable to breach the upper average ...

Trading the Cable swings via averages

H1 average is on the ascendency. Indeed, H1 average swing low at 2730 and H1 average swing high at 2765 are now on the radar. However both M15 and H1 closed last Friday with Regular and Alan’s divergences each. This suggests that whereas GU is keen ...

Trading the Cable swings via averages

Yes, PA is yet to take a direction. If it clears 2649, we shall have something. The bigger picture is bearish though

Trading the Cable swings via averages

Bearish Alan's divergence on M30

Trading the Cable swings via averages

And all of those levels were tested yesterday

Trading the Cable swings via averages

TL means trend line. There are many others such as: PA - price action; TF - time frame, LO - London Open; GU - GBPUSD; HH - hi-hi; LL - lo-lo; HL - hi-lo; LH - lo-hi, etc

Cable Update (GBPUSD)

Out at 2650 for 18 pips. GU is at its elements today but we are ready

Trading the Cable swings via averages

Alan's classic entry should be about now as the bears have found support on M5 at 2669 The M5 candle at 800 hours GMT has blown the bears support. For me, it's still early to take in SL and so I have placed a buy order as a hedge at 2783 since I ...

Trading the Cable swings via averages

For now, 2680 has capped it. Heading south presently but let's see what happens

Cable Update (GBPUSD)

Already shorted at 2668, SL at 2683

Trading the Cable swings via averages

I'm just waking up to notice that PA had already done 40 pips from the day's gap. So, there's no waiting for line 108 today for action stations. May today, Christmas eve, be full of volatility. At present, I am seeing as follows: H1: Regular div - ...

Trading the Cable swings via averages

I notice that you get the same result if you open the original RSI from the Indicator list and then drag the second RSI from the navigator over it as well as if you do both from the navigator side only. Thanks too. For me, this is the best thread in ...

Trading the Cable swings via averages

That's exactly what I did. Thanks a lot. Am thrilled by the kind of friendship we have on this thread

Trading the Cable swings via averages

The 0 and 100 set are in place. The problem I have is with 'previous indicator data.' The RSI box that has 'previous indicator data' is unable to merge with the original RSI, ie, period 14. Once I input, the second RSI, it opens separately below the ...

Trading the Cable swings via averages

Squashing of RSI? This is how I enmeshed the RSI's on my MT4 platform. From the indicator list I uploaded the Relative Strength Index (Gold colour) with period 14. Then from the Indicator List under the Navigator section on the left hand side of the ...

Trading the Cable swings via averages

Thanks for the challenge that you threw up. My take is as follows: (1) From experience whenever such a signal shows up, PA will certainly go below the EMA average even if it doesn’t do so immediately. I know you don’t like discussing other EMAs ...

Trading the Cable swings via averages

I thought that is an example of hidden divergence. The under-side price movement is upwards while the corresponding under-side slow RSI movement is flat

Trading the Cable swings via averages

Alan, is that actually a divergence at the first point? The price is sloping downwards rather than upwards (with the SMA 1 at the close as the consideration)

Trading the Cable swings via averages

Alan’s and Regular divergences, both bullish, on H1. Regular divergence, also bullish, on M5

Trading the Cable swings via averages

Yes we did. Right from 2670 to 2610. All the thanks to Alan. Today, we are also ready. If GU wants to fly to 2765 or plummet to 2537 we shall follow it accordingly. Trading is fun when you have a System that works!

Trading the Cable swings via averages