hedge on as rsi div, and at MA swing low

Trading the Cable swings via averages

Very nice guys. 1h bearish rsi div and hit MA swing on 5min. We now have bear support as well. Going to move stop now. image

Trading the Cable swings via averages

4H ABCD mentioned yesterday . I'm sure Alan accepts beer in gratitude. image

Trading the Cable swings via averages

Yes.

Trading the Cable swings via averages

For continuations you only look at regular divergence. For bullish abcd compare pivots that have formed higher lows, and bearish compare lower high pivots. Also, only compare pivots "under attack". Alan has shown many examples in this thread so ...

Trading the Cable swings via averages

40 pips done

Trading the Cable swings via averages

Mike, in the attached a pivot was formed where the yellow trendline begins. Price then dips and comes back to that level so on that bullish candle labeled "check here for HD" if at any time (no need to wait for close) price was higher than the pivot ...

Trading the Cable swings via averages

That 80 pip spike yesterday was as bullish as you can get these days yet the 4H 50% ABCD level ("wrong direction") was in contention and held. image At the same time the 1H was at a swing high and the bar ended in divergence giving a clue as to ...

Trading the Cable swings via averages

This is a good question Simon and absolutely 2-bar tests are good for entries. However, an important lesson for me was to accept losses as well. Alan's method is especially forgiving of these because of the insane reward for getting it right. Throw ...

Trading the Cable swings via averages

HD entries I do by monitoring the RSI of the current bar (shown in indicator window) and placing the mouse cursor on the bar of interest. When price is close to the pivot high/low I can then quickly enter if there is divergence between price and RSI ...

Trading the Cable swings via averages

For hidden divergence see Alan's description in post 961 ( url ) and this is marked by the circles showing the first and second entries on my posted chart.

Trading the Cable swings via averages

IMO HD's (with HTF context) are high probability with very little DD. Personally have enough faith in them to go all in, as you'll see in today's chart. I will still use three entries for other div's and bull/bear support.

Trading the Cable swings via averages

Mike, that second entry was a HD at the time the price took out the pivot high. The question to Alan was about a pullback that occurs in the same candle as the entry.

Trading the Cable swings via averages

Bearish signals mentioned earlier for 1H and 5m played out just fine. First HD stopped out rapidly but subsequent was good. Alan, in these cases will you generally re-enter on the pullback to the entry within the same candle? Would've worked fine ...

Trading the Cable swings via averages

Bearish RSI divergence on 1H, Regular and RSI bearish divergences on 5m but price stagnant atm.

Trading the Cable swings via averages

Not personally as was in hedge at that time.

Trading the Cable swings via averages

Ok, thanks Alan, understood.

Trading the Cable swings via averages

Not to be for now.

Trading the Cable swings via averages

Still waiting for bear support. image

Trading the Cable swings via averages

Bulls failed first attempt at ABCD -50%

Trading the Cable swings via averages