looks to me like we could be in for some good down side movement tomorrow or next week as it seems we've had a corrective abc move up after the big fall from 170 combined with some bearish reversal 4h candles at the 38.2% of that fall

Trade what you see NOT what you expect

bottom of this highly questionable 4h channel would coincide with a 1h 62ema bounce

Trade what you see NOT what you expect

i don't have a tweezer bottom on the last 2 1hs, my second 1h is 4 pips lower than the first one hour. I see what you guys are getting at though -- it seems quite often buyers will take positions at the opening price of a previous strong candle like ...

Trade what you see NOT what you expect

I took it for a few different reasons: trendline (from FOMC low), 4h 5sma just below, and the 50 you mentioned

Trade what you see NOT what you expect

stochastics -- stated in the first post of this thread, please see it for settings. yeah I've heard combinations work well but you can only take in so much data at one time

Cable, candles and divergence signals

wm, I saw you ask about 4h candles. You need the IG real-time charts, not the basic ones. They're free so long as you make 2 trades per month (opening and closing a position would count as 2).

Cable, candles and divergence signals

I'm not sure how much significance to attach to these 4h closes. I have a 4h which just closed at 6517, yet another 4h which closed 2 hours earlier at 6536. Any suggestions abou this?

Trade what you see NOT what you expect

weekly chart -- in addition to what's essentially a gravestone doji there's bearish divergence 4h - earlier in the week there was this bearish divergence which I failed to recognise

Cable, candles and divergence signals

late (and messy) 4h chart which closed 30m ago. Black MA is 50ema.

Trade what you see NOT what you expect

lol! $ has been flying this afternoon -- unfortunately (and incomprehensibly) so has the £. S&P is at 38.2% of the whole down move. Are we going to see it puke today?

Trade what you see NOT what you expect

great post Ken. I keep this in mind too, more areas than exact figures

Trade what you see NOT what you expect

price missed my 62 by 7 pips but nailed the 4h 10 which is just as important an MA IMO

Trade what you see NOT what you expect

that was beautiful. Anyone sell the 4h 10?

Trade what you see NOT what you expect

I'm with you on this. I keep an eye out for lower time frame divergence signals (not quite confident enough to handle candles on their own yet) and there have been a couple for small gains but nothing worth taking yet IMO. I would still target 740 ...

Trade what you see NOT what you expect

I suppose the next bounce will come at 740-750 which is the 30 June high and 4h 50ema

Trade what you see NOT what you expect

steep fall but price hitting the top of the July channel as well as rising support. Can it hold? Looking for some lower time frame divergence signals with low risk near the support lines.

Cable, candles and divergence signals

30 July I think you mean. I'm with you, thanks

Trade what you see NOT what you expect

just a thought -- puke continued or a violent retest of this July channel?

Trade what you see NOT what you expect

lol. 100pips in 1m. Does anyone else smell something burning (£)?

Trade what you see NOT what you expect

take care mate. I look forward to speaking again once the cable bug returns to bite you

Cable, candles and divergence signals