at that time, looking at the H1, it was in the oversold zone already

Trading the Cable swings via averages

Alan At the time of trading, would you consider this as two bar test btw? I entered in the green bar in the circle as the previous bar close above the bottom, also taking the inference from H1, but obviously it failed.

Trading the Cable swings via averages

using H1 as inference, looking at M5, we should be looking to go long?

Trading the Cable swings via averages

Hi Jazz Do you mind sharing what trade you have taken today? Is so choppy that I don't find any signal (perhaps no confidence hence couldn't see)

Trading the Cable swings via averages

I feel like answering your question, just want to be a more active member, also demonstrate my knowledge (if my understanding is not correct, then hopefully someone please correct me so that I can learn) 1) why a RSI/RSI divergence should be ...

Trading the Cable swings via averages

Hi Robert I think I have a similar question, referring to post 187, 1. Price made HH, RSI 14 made HH, RSI 5 made did not, we hedge (Short) 2. Price made HH, RSI 14 made HH, RSI 5 made did not, we hedge (Short) 3. Price made HH, RSI 14 made LL, RSI ...

Trading the Cable swings via averages

Thanks Jazz for this clear definition, I should go back to example and apply the theory

Trading the Cable swings via averages

Hi Jazz Would you mind explain how to draw the ABC triangle please? Specially how you define the pivot point? The PDF doesn't seem to explain it although it shows a lot of examples Many thanks

Trading the Cable swings via averages

Hi Alan/Jazz Still reading up the PDF, now in the section on ABCD/AB=CD. How do you define the pivot please? And in what situation you can draw a ABCD? What situation is AB = CD? Many thanks

Trading the Cable swings via averages

Ok, i understand now, is actually a swing low that dated back to 19th June

Trading the Cable swings via averages

Alan, thanks for this further graph. However i still failed to see how you arrive to 26239, sorry. Is it actually the next average swing low on a TF? Or you project the 26EMA on M5 linearly and "somehow" get to this number? Sorry I am not advanced ...

Trading the Cable swings via averages

Sorry, but I understand this moving at the time, can you please explain a little bit more?

Trading the Cable swings via averages

Why this point? The price has not been moving much in the past 30min, does this PA suggest anything to you?

Trading the Cable swings via averages

Alan, thanks for this live tutorial. From your graph, I see that it is a rather long bull (con) div, we can still try to go long as hedge? Plus on H1, the fast RSI is already at extreme, price actually reach previous H4 average swing low.

Trading the Cable swings via averages

Thanks for these summary. I am confused of 3 and 4, should it mean if the average break the previous level, it may travel in the same direction, otherwise if it fails to break the previous level, meaning not able to make HH or LL on terms of ...

Trading the Cable swings via averages

Thanks for correcting me, I think I missed out this key characteristic, "when the RSI is penetrated, it can not be used for making div decision". The reason I asked the trading platform is, I don't usually have time to see in front of the computer ...

Trading the Cable swings via averages

Thanks for questioning me. This is because in early London time, price was still below 26EMA on H1 and as time passes, it hovered just around the 26EMA. Also,i think I failed to see a clear bull div clearly at that time, although I might have seen ...

Trading the Cable swings via averages

Jazz, appreciate for your note!! Please allow me to have some questions 1. Why that point is H1 ZOO? is it a previous swing high/low? 2. You said my red line is penetrated by the green RSI 14, so if it is penetrated, it can not be used for making ...

Trading the Cable swings via averages

Sure, I should have done it, and later I took another one, and failed again. Reason for my actions: 1. H1 fast RSI is above 80, so i drill down to M5 to look for bear div opportunity. 2. M5 did show bear div, so hedge the long. I guess the first one ...

Trading the Cable swings via averages

I actually short the market before this impulse jump, where the price cluster, there was a rsi div I believe. Obviously got stop out. Did I actually act correctly? Or it should not be the place the hedge the long?

Trading the Cable swings via averages