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-   -   Trading the Cable swings via averages (https://www.forexfactory.com/showthread.php?t=849587)

Nala66 Jul 18, 2019 3:19am | Post# 4201

And now because I am not in the trade we get the impulse bar on the 5 min...Bugger

Jazz1964 Jul 18, 2019 3:23am | Post# 4202

We were trading above the H1 EMA with M5 EMA making HH HL
I closed the Long at the H4 EMA

huskyboy Jul 18, 2019 3:25am | Post# 4203

We were trading above the H1 EMA with M5 EMA making HH HL I closed the Long at the H4 EMA
and there was a bull RSI/RSI on the M5 at the touch of the EMA H1

Nala66 Jul 18, 2019 3:42am | Post# 4204

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We were trading above the H1 EMA with M5 EMA making HH HL I closed the Long at the H4 EMA
That is what I was looking for initially.

Went long, then short, then long again and closed it too early for 20 pips so far.

This was my effort...
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huskyboy Jul 18, 2019 3:48am | Post# 4205

{quote} That is what I was looking for initially. Went long, then short, then long again and closed it too early for 20 pips so far. This was my effort... {image}
thx for the chart, really helpfull

Nala66 Jul 18, 2019 3:48am | Post# 4206

By the way that was a 1m chart with all the EMA's on it so I can readily see the target levels. This is a separate 1m chart than my normal one.

Jazz1964 Jul 18, 2019 3:53am | Post# 4207

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{quote} That is what I was looking for initially. Went long, then short, then long again and closed it too early for 20 pips so far.
It wasn't easy at all since we just had the M5 bear support,
so my entry was against that. I had to say to myself: The EMA makes the HH and HL's. You have the bull div at previous bull support. Trade what you see.
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Nala66 Jul 18, 2019 3:55am | Post# 4208

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I really hate missing these, very bad boy Alan
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Nala66 Jul 18, 2019 4:00am | Post# 4209

{quote} It wasn't easy at all since we just had the M5 bear support, so my entry was against that. I had to say to myself: The EMA makes the HH and HL's. You have the bull div at previous bull support. Trade what you see. {image}
Well done Jazz.
>>>>>>>>>>>>>>>>>>>>>>>>>>>

It is worth mentioning here again that when these impulse bars hit a target level (4H EMA) is is best to close because it can take quite some time to get back to this level. We can always get other entries later down the track if needed.

Nala66 Jul 18, 2019 4:07am | Post# 4210

The 50% retrace is 2480 so we may see a cross of the 4H EMA

Jazz1964 Jul 18, 2019 4:26am | Post# 4211

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I have these 50% marked
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Nala66 Jul 18, 2019 4:32am | Post# 4212

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I have these 50% marked {image}
Yes Jazz, not too sure about that one so I was looking just at this retracement.
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Nala66 Jul 18, 2019 4:36am | Post# 4213

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Jazz if you take the low RSI as per our discussion then it has hit the 50% level?
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huskyboy Jul 18, 2019 4:39am | Post# 4214

I have these 50% marked {image}
Jazz if i may ask, how do you get that blue one? And yes Alan we are now at C off that posible AB=CD on H1, if i understand it

Nala66 Jul 18, 2019 4:55am | Post# 4215

{quote} Jazz if i may ask, how do you get that blue one? And yes Alan we are now at C off that posible AB=CD on H1, if i understand it
Yes at C.

The blue one is the AB of the Magenta one

Nala66 Jul 18, 2019 4:57am | Post# 4216

This current High is holding on the lower time frames.

New 4 hour bar in a minute

Jazz1964 Jul 18, 2019 4:59am | Post# 4217

{quote} Yes Jazz, not too sure about that one so I was looking just at this retracement. {image}
I will check it out when I am at home again

Nala66 Jul 18, 2019 5:05am | Post# 4218

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Which way? The bulls have stopped the average!
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Nala66 Jul 18, 2019 5:31am | Post# 4219

It is now dithering at the 4H EMA, heads or tails anyone

Nala66 Jul 18, 2019 5:34am | Post# 4220

Looking for bear support on the 5min


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