At last, bearish Alan's divergence on H1

Trading the Cable swings via averages

PA has gone back the full length of the last H4 candle which closed below H4 average. Yet save for the last H1 divergence that plummeted price, no other kind of divergence has appeared. Indeed, the NY session is not for the Lilly-levered.

Trading the Cable swings via averages

The H4 average at 2630 is unable to reverse PA. The old H1 average swing hi at 2638 has given way. It then looks likely that GU has at target southwards. Could it be the H1 average swing lo at 2590? For effect, H1 average is beginning to curve ...

Trading the Cable swings via averages

The last H1 candle does not qualify for a bear support. Is the bear run of GU about to end. We should be wary of any shorts for now. Indeed, it appears the old H1 average swing high at 2638 is now a stumbling block

Trading the Cable swings via averages

You need to be more careful with the NY session. It is usually more chaotic. That could be one of the reasons that Alan advises closing of shop for the day once our 40 - 50 pips are made

Trading the Cable swings via averages

So, 2654 survives as the M5 bear support despite the latest run-up

Trading the Cable swings via averages

Truly, you are eagle-eyed. But are we about to get our bear support on M5 at last?

Trading the Cable swings via averages

Is bull support looking it in H1? Oh my, the bull support gives way after 4 minutes of posting!

Trading the Cable swings via averages

2646 is looking like becoming the bull support on M5. 2646 has failed but 2642 seems to have taken over but nothing is confirmed yet. In the year before Alan's system, I will wait for an engulfer, pin bar bar or any other relevant candle signal at ...

Trading the Cable swings via averages

It is making assurance doubly sure that makes your system tops. Am already out after 34 pips and I'm waiting to buy again after the retrace by which time the bulls would have found support. I agree with you entirely, finding that bull support is key

Trading the Cable swings via averages

Alan's divergence on M5. Getting set to pull the trigger. Trigger pulled at 2628

Trading the Cable swings via averages

It's like the bears have found support on M5 at 2614

Trading the Cable swings via averages

You're right. it was a slip. You must have noticed that the other similar div are correctly drawn. Below is the correction

Trading the Cable swings via averages

Just missed the trip from 2646 to 2606 as I was posting. I will heed Alan's advice next time. On a good note, the market has now opened up

Trading the Cable swings via averages

PA filled my buy order at 2627. And I am out at 2646. At present, there is regular divergence on M5 and M15

Trading the Cable swings via averages

Here we are: points A, B and C on the chart. I was carried away with the trade. The bulls are certainly in it. The last M30 candle says it all. But for the last M15 candle, I would have entered another long. Once M15 posts up, I am in.

Trading the Cable swings via averages

Both regular and Alan's divergences on M5. Are the bulls now tiring? Meanwhile, I exited my long at 2612. At the side line for now

Trading the Cable swings via averages

Alan's divergence on H4. Meanwhile PA is yet to get to H4 average at 2612

Trading the Cable swings via averages

Alan's divergence on M5 and M15 but PA is bullish at the moment. It's still early in the day but that is an indication that the bulls may not have their way

Trading the Cable swings via averages