I think I get it, can I look it in this way? At that time, before the RSI div will be formed, we can actually compare the current price and the previous price at the RSI peak/trough, now one can compare the difference in price and difference in rsi, ...

Trading the Cable swings via averages

How can we catch this one live? Do we constantly looking at M1? Because looking at M5, rsi was still traveling south, how do we expect a bull div might form?

Trading the Cable swings via averages

Thanks Alan on answering our questions as well as giving lesson at the same time. Much appreciate. This thread is really what i must read every day.

Trading the Cable swings via averages

H1, I understand that the inference on H1 will give us the primary trading direction, i.e. 26 EMA above/below current trading price.

Trading the Cable swings via averages

Missed the HD, still finding difficult, need more experience. So actually, am I right to say that any long opportunity at the moment is hedge/scalp? We are still shorting primary?

Trading the Cable swings via averages

I actually expect this, you usually complete early. Today when I look the chart, I don't find any signal, but one obvious thing is, there is a flat zone of support around 1.2668, the bull doesn't allow it to go south, but whenever bull starts ...

Trading the Cable swings via averages

Hi Alan Actually, how did you trade today? If you went long at the bullish div, would you stop out (probably lock in some profit) at/before the hook? and if you went short later the day, would you again stop out at the last circle that I draw on the ...

Trading the Cable swings via averages

May I just understand your method is, set the target, and forget it? Even force yourself out from the environment so that you don't keep watching it and let your pre-decision ( set TP SL) to work?

Trading the Cable swings via averages

I saw this and I traded this as well, but I didn't get that far, I exited at the beginning of the flag, in M1, it is where you have the first bull div (on your graph it is above the text Jun 16:43, sorry was on my mobile so could not take pic) How ...

Trading the Cable swings via averages

When the 26 EMA is not showing a trend, i.e no slope, in which RSI may also likely to dance around waterline 50, do you avoid trading? Or there is also a valid time you look for a signal? The reason behind is I often find no good divergence signal, ...

Trading the Cable swings via averages

Really?I was expecting something in my current method could be wrong. May I have another question please? 26 EMA and 14 RSI, how do we combine the information from both of them to give us a better edge to trade the next move? For example, when price ...

Trading the Cable swings via averages

Thanks for your question alan, hopefully by answering you honestly (even though is not the right or correct answer), you can help me improve. Why did you wait so long? I think is lack of confidence, and i wait for the peak/trough actually formed, ...

Trading the Cable swings via averages

by delay I mean a confirmation of the peak or trough. For example this morning, I was actually watching the market, and on the M5, I got the feeling the area where I circle can be a trough, but only when the trough was made, i know it is not ...

Trading the Cable swings via averages

Thanks Alan, i think this is the answer I am expecting, anything that can be interested. Studying your method is really studying way of thinking, seeing things, it is a systematic way to trade but not a robotic system.

Trading the Cable swings via averages

Hi Alan Sorry to have another question, study all day and hence all these questions. Going back to this old posts, why are those points ZOO? how do you determine whether a point/area is ZOO? I have this question because I am trying to follow your ...

Trading the Cable swings via averages

When looking at the chart, the history, we often look for entry when at the point where rsi forms a peak or trough, however when reading in real time, we will only see the peak after the next bar is printed, in M5, that means 5min delay, in M15 that ...

Trading the Cable swings via averages

Thanks Alan, I think I am a little inspired!! Gotta digest it and do more chart reading today. But, why would you say there is no zoo on 1H? Shouldnt we can only see it when it is already happened?

Trading the Cable swings via averages

Yes, this is what I experience today, very difficult to pin out exactly the entry and exit. For example, I did see the short opportunity when price is around 1.27050, there was a bearish div on M5, it is also at the ZOO on M15, so i took a short and ...

Trading the Cable swings via averages

Thanks for sharing, i think i spot this long opportunity at M5 as well. How about the 3 shorts that you took? I really only saw one, even though looking retrospectively.

Trading the Cable swings via averages

Hi Alan Happen to have a day off today, so i have the chance to watch the market live, and possibly speak to you live! Actually, looking back when things happened, it looks (relatively) easy to spot the opportunity, but still, these are the only 2 ...

Trading the Cable swings via averages