could you show a pic pls. Thx

Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow

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Trading the Cable swings via averages

not a valid one; it isn't even an abcd because the a and the c have to be on the different side of the ema, not on the same side.

Trading the Cable swings via averages

Hey, why dont you use the indicator made for detecting the abcd´s, just look at post 7337 from Alan, hope it helps.

Trading the Cable swings via averages

use this one file and explanation for hd file

Trading the Cable swings via averages

i dont see the h1 ema swing line on your chart? But they are very easy to find with the indy, and if you want them projected on your m5 chart just change the 26 into 312. image

Trading the Cable swings via averages

for me the reversal point was the h1 ema swing low around 1,11165; the h1 crossed it in a hd while the m5 made an rsi/rsi divergence at that line. You could have entered that m5 div with a small sl, or the next candle gave an 2lb entry. Later on, ...

Trading the Cable swings via averages

maybe, dont know...

Trading the Cable swings via averages

Alan, sorry for asking but is that green abcd a valid one even if the rsi goes through the previous pivot?

Trading the Cable swings via averages

filling ABCD m5?

Trading the Cable swings via averages

Alan, maybe a stupid question but why is your A of the big AB=CD on your H1 chart starting at that point and not at the low printed just before at around 1.21537? Thx for all your lessons, advices, tips.....and so on.

Trading the Cable swings via averages

if it can help, look at post 4894, 5820 for a description of the ABCD

Trading the Cable swings via averages

great trades you are showing, keep them coming. About the ABCD i believe the A and the C have to be on the opposite side of the ema, just my opinion.

Trading the Cable swings via averages

for me that need some more explanation pls. What is an LPC? That aren't the usual ABCD's or AB=CD's as you thaught us.

Trading the Cable swings via averages

thx Des, looking forward to it although it means i am getting old, but on the other hand i will have much more time to terrorize this thread

Trading the Cable swings via averages

ok thx Alan, for me time to revieuw some things, semi-retirement is coming in may so lots of time then, finally

Trading the Cable swings via averages

strange, aren't we always referring to the price pivot under attack and then comparing what rsi does at these points? I believe this is the first post that you mention there are two signals for one divergence setup.

Trading the Cable swings via averages

shouldn't you connect the last price pivot high under attack and connect the corresponding rsi-levels or am i wrong on this? image

Trading the Cable swings via averages

just like you connect the close of the bars to determine divergence, you have to connect the corresponding close of the rsi; in other words you have to use the red rsi in that hidden divergence indicator (its the same as the normal rsi 14), the ...

Trading the Cable swings via averages

it seems you are connecting candle closes with candle highs?

Trading the Cable swings via averages