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

Nala66 Oct 31, 2019 8:07pm | Post# 4961

{quote} Apologies in advance for the daft question, but why is the B point on your magenta ABCD not at the lowest price pivot? Thanks
This is drawn correctly because the B point was the lowest on the RSI. The next low of the actual price was a divergence.

Nala66 Oct 31, 2019 8:11pm | Post# 4962

{quote} i believe your pivot A is not placed well But hey you are doing great
For me this is always unclear since A was a dodgy doji. What I tend to do is take the smallest target, that way if it reaches the larger one I am still OK.

Nala66 Oct 31, 2019 8:13pm | Post# 4963

Currently long on the 1 hour ABCD with the stop already at BE

Nala66 Oct 31, 2019 8:54pm | Post# 4964

Closed for half my daily target...get the balance later.

44johnw Oct 31, 2019 10:46pm | Post# 4965

Closed for half my daily target...get the balance later.
Hey Alan

Was there anything special you have seen or reason for you to trade at this time of day, or is just a matter of cause I can

Cheers John

Nala66 Oct 31, 2019 11:03pm | Post# 4966

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{quote} Hey Alan Was there anything special you have seen or reason for you to trade at this time of day, or is just a matter of cause I can Cheers John
I have nothing else to do today...

It just hit the target....
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00PIP Oct 31, 2019 11:13pm | Post# 4967

New to this thread, I've started reading through from the beginning. Does anyone have any tips, or is there anywhere in the thread where the method as a whole is summarised? I'm finding it hard to synthesise the bits I've picked up on into a complete whole.

k1w1 Oct 31, 2019 11:17pm | Post# 4968

{quote} I have nothing else to do today... It just hit the target.... {image}
Hi Alan, could you please show where you entered on the 5 min?

Cheers

Nala66 Oct 31, 2019 11:23pm | Post# 4969

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{quote} Hi Alan, could you please show where you entered on the 5 min? Cheers
Sure it was about here...
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Nala66 Oct 31, 2019 11:25pm | Post# 4970

The only reason I was here at all is because I wanted to see where the month bar started and the day bar ended and it wasn't midnight UK.

Nala66 Nov 1, 2019 12:37am | Post# 4971

New to this thread, I've started reading through from the beginning. Does anyone have any tips, or is there anywhere in the thread where the method as a whole is summarised? I'm finding it hard to synthesise the bits I've picked up on into a complete whole.
Most of the information you need is in the beginning few pages of this thread after which you will find millions of examples.

huskyboy Nov 1, 2019 4:20am | Post# 4972

{quote} Most of the information you need is in the beginning few pages of this thread after which you will find millions of examples.
summary in post 498 and 2760

Nala66 Nov 1, 2019 4:33am | Post# 4973

We can't get a signal from the 1 hour today because B is on the wrong side of the EMA.

Edit...well we can but price would have to push up high to drag the EMA

Nala66 Nov 1, 2019 4:39am | Post# 4974

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The 5 min EMA is too flat, the market has to kick off soon.
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huskyboy Nov 1, 2019 5:33am | Post# 4975

We can't get a signal from the 1 hour today because B is on the wrong side of the EMA. Edit...well we can but price would have to push up high to drag the EMA
would have given massive levels to trade off, but like you say B on the wrong side and this hour candle still would have to close below the ema but there's a M5 bull divergence which i bought

Dubtrader Nov 1, 2019 5:44am | Post# 4976

{quote} to find the pivot B we look for the lowest pivot on the rsi, hope its clear
Crystal clear. Thanks for that.

Dubtrader Nov 1, 2019 6:07am | Post# 4977

This morning was tricky for me, although its not over yet. Had a hunch we were going down based on bearish div on H4 and M30. Was going to do 3 entries. Caught the top perfectly with the first short entry. Second and third entry short were stopped out for breakeven, I was moving my stops to soon. Entered the second entry again just above the M5 EMA. The third entry was below the EMA. Cashed out as soon as I saw a HD may be about to form on the M5.

Made another entry short on the bearish div on the M5. Cashed out again because of bullish div on M5. In a nervous scalp long atm based on bullish div on M5.

Nala66 Nov 1, 2019 6:20am | Post# 4978

Difficult to trade when there is no obvious trend. That is the trouble with holding patterns, they just hold price to allow the averages to catch up a tad.

Nala66 Nov 1, 2019 6:32am | Post# 4979

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Trying to draw an imaginary future here. Just one scenario.
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Nala66 Nov 1, 2019 7:27am | Post# 4980

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Bulls continue to hit the target this time on the small 5 min
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