There is a bullish RSI divergence on H1 from yesterday (last divergence on the H1), but price is on the H1 26EMA at the moment. However, I notice a bearish regular divergence on the M30 last bar so may get some continued downward pressure for a bit.

Trading the Cable swings via averages

OK, so you may put multiple entries on the bar after the two bar test?

Trading the Cable swings via averages

Alan, when you have some time can you explain how you got your 3 entries on that second down bar. Might be a nuance there that I have missed. Thanks

Trading the Cable swings via averages

Will be interesting to watch. Based on the H1 bearish divergence from last week I took the 20 odd pips down to the H1 26 EMA. But with price around the H1 26EMA, the battle as you mention is on. At the moment I am wary of the RSI 5 being at an ...

Trading the Cable swings via averages

realistically the only way to match Allan when you have much lower leverage is to increase the equity in your account. I haven’t done the math but if Alan starts with 1k in equity, and has 13x more leverage then you likely need 13-15k in equity. I ...

Trading the Cable swings via averages

Allan, I am struggling to see the Hidden Divergence on the H1 at 2. On my chart it is actually a regular divergence - higher close price by less than 1 pip and lower RSI value.

Trading the Cable swings via averages

Not on yours Mike. However there is one on the 15M chart so you may be OK

Trading the Cable swings via averages

Haha! In the words, of Buddy Guy "done got old"

Trading the Cable swings via averages

Have Fun

Trading the Cable swings via averages

..... and now it moves

Trading the Cable swings via averages

I already took just over 20 pips off that bearish divergence but I got out. The price action around the H1 26EMA (I draw that line on my 5M chart) hasn't convinced me yet that the bears will take control. Other than the tiny drop in price to the ...

Trading the Cable swings via averages

We are still learning hidden divergence Alan, and its significance. Were waiting for you to get back

Trading the Cable swings via averages

Battle of the Bulls vs Bears just above the H1 26EMA at the moment. Will be interesting to see if its continuation up, or the bears get their way.

Trading the Cable swings via averages

Guys My understanding is that there are 2 types of signals to look for on the H1 prior to the Frankfurt Open 1. Momentum (RSI) at Extremes (no divergence) 2. Divergence at Momentum (RSI) Extremes - primarily price/RSI and RSI/RSI divergence. There ...

Trading the Cable swings via averages

I prefer to see the H1 divergence at more extreme values than what is showing at the moment.

Trading the Cable swings via averages

Mike Agree. Looks like a bearish divergence starting to form on the H1 - will wait to see what the next 15 min brings

Trading the Cable swings via averages

Bydyke Are you seeing a tiny bearish divergence on the H1?

Trading the Cable swings via averages

A hidden divergence Mike? My preference for context is the H4/H1 TF (the move should last longer), and when the divergence is at momentum (RSI) extremes. Will be interesting to see if we get any volatility before London given what happened earlier ...

Trading the Cable swings via averages

yes, that's the one

Trading the Cable swings via averages

Bydyke I also have a bullish "Allan divergence" on H1.

Trading the Cable swings via averages