How about this one Alan? I missed it
More good dollar news crashed GU down.
More good dollar news crashed GU down.
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DislikedHow about this one Alan? I missed it More good dollar news crashed GU down. {image}Ignored
Disliked{quote} I had it a tad different... It was also in div on the 5 and15 minute charts. {image}Ignored
Disliked{quote} Can you explain more detail about the targeting? When to H1-ema and when to next H1-ema swing level? Thank Alan!Ignored
DislikedThe higher the time frame the longer it takes for the charts to set up. Guess what this 4-hour chart is going for? {image} A bull divergence could easily stop it.Ignored
Disliked{quote} Hey Al, daily average is at last EMA swing as well. Is this thing heading to 1.22071? {image}Ignored
Disliked{quote} No boss, I dont have that line on my chart. Cant see where you got it fromIgnored
Disliked{quote} No boss, I dont have that line on my chart. Cant see where you got it fromIgnored
Disliked{quote} This is a big question but maybe a refresher is needed. Glad you picked the 1-hour chart because there is not too much to explain there. The first this is I use a red horizontal for the average tops and a green horizontal for the average bottoms. I have the EMA averages of the 1H, 2H, 4H and the daily on this one chart. This provides the classic rainbow rollover of averages. The grid on this chart is 50 pips wide. No other indicator is needed to trade this method. We have to work out by analysis what has transpired on the chart. The lines...Ignored
Disliked{quote} Hi Kev, my Skype has now changed, and I have lost all my contacts from previous. Also, all the email records I had are also gone into the digital black hole. Send me a private post with your email and I will establish a new connection.Ignored
Disliked{quote} I apologize for my slow understanding. Could you please assist me with this? How about the bull-div at the E level. Where should I target, to the H1-ema or to A-level. Thank Alan!{image}Ignored
Disliked{quote} Remember a divergence only returns the price to the average, if it doesn't then it will make a LL (in this case). What you are hoping for is that not only does price make the EMA but also crosses it and finds support to take it back the average swing high level. If your bull divs are not crossing the EMA then better to watch for bear divs continuing the downwards move.Ignored
Disliked{quote} Alan, could you please provide me with a detailed explanation of your process for analyzing price and determining your trading action if you have a long position from that bull-div? Thank you.Ignored
Disliked{quote} OK we have a bull div in this case, it should at least return price to the EMA which is in itself quite a few pips for the taking, some 40 pips or so. This is best viewed at the 5 min level where we see a bull div take price back to the 1-hour EMA. BUT, look what happens! Price runs into a bear div so expect a LL than the previous bull div some 60 pips or so. See the charts below in the red boxes. {image} Even now price cannot hold support above the EMA and on the 5 min we see it test the average swing low from a bear div. Is there something...Ignored