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

Jazz1964 Jan 16, 2020 7:44am | Post# 5381

And that was the target, mentioned twice.
1.3072 and 1.3074 are previous swing highs H1
M5 divergence
10 pip reaction

Jazz1964 Jan 16, 2020 8:55am | Post# 5382

Retraced meanwhile 50 procent back from the previous h1 ema swing high!!
And did that with m5 div on the top!

That's why Alan calls it the Cable Swing strategy
But i am afraid traders are glued to the divergences and then you can get lost.

Ema's + zoo in different forms + divergence

huskyboy Jan 16, 2020 1:24pm | Post# 5383

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Retraced meanwhile 50 procent back from the previous h1 ema swing high!! And did that with m5 div on the top! That's why Alan calls it the Cable Swing strategy But i am afraid traders are glued to the divergences and then you can get lost. Ema's + zoo in different forms + divergence
and see how it went to the previous h1 ema swing low with a m5 div at the low and completely retraced to that h1 ema swing high!!! At least thats what it did on my m5 chart with a 312 EMA Humps MA breaks line on it (26x12), but i dont see those ema swing lows on my H1 chart with a 26 EMA Humps MA breaks line on it, strange. Click to Enlarge

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Jazz1964 Jan 16, 2020 3:12pm | Post# 5384

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{quote} ...At least thats what it did on my m5 chart with a 312 EMA Humps MA breaks line on it (26x12), but i dont see those ema swing lows on my H1 chart with a 26 EMA Humps MA breaks line on it, strange. {image}
I think that has to do with this behavior of the 26 EMA Humps indicator:


Attachment 3531104

Problem is that the line should stay until the EMA breaks the horizontal line (and not Price itself).
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huskyboy Jan 17, 2020 4:57am | Post# 5385

who got that drop, bear div H1 M5 at prev ema H1 swing high? Now see if the bears find support H1

Jazz1964 Jan 17, 2020 5:00am | Post# 5386

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I received this picture from a trader, who took the Short (just like me). Great to see this trading from a ZOO
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PhillipmC Jan 17, 2020 5:06am | Post# 5387

I received this picture from a trader, who took the Short (just like me). Great to see this trading from a ZOO {image}
I got the move up not down lol

PhillipmC Jan 17, 2020 5:09am | Post# 5388

I received this picture from a trader, who took the Short (just like me). Great to see this trading from a ZOO {image}
It still hard for me to look at both sides of the trade I guess in time it becomes easier

Del62a Jan 17, 2020 5:16am | Post# 5389

I had 2 short positions that got stopped out followed by the big drop.

Shame.

huskyboy Jan 17, 2020 5:20am | Post# 5390

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I received this picture from a trader, who took the Short (just like me). Great to see this trading from a ZOO {image}
great Jazz, but were you trading before 108, there was a bear H1 div (first Arrow), price didn't get to the EMA ,so price went up and again it ended in a bear RSI/RSI div (second Arrow). How did you trade that, long or short? Click to Enlarge

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PhillipmC Jan 17, 2020 5:52am | Post# 5391

{quote} great Jazz, but were you trading before 108, there was a bear H1 div (first Arrow), price didn't get to the EMA ,so price went up and again it ended in a bear RSI/RSI div (second Arrow). How did you trade that, long or short? {image}
But we should of been looking for long s as we were above the 26 ema ?

Jazz1964 Jan 17, 2020 5:58am | Post# 5392

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{quote} great Jazz, but were you trading before 108, there was a bear H1 div (first Arrow), price didn't get to the EMA ,so price went up and again it ended in a bear RSI/RSI div (second Arrow). How did you trade that, long or short? {image}
I didn't want to short before one of the ZOO's I had in mind:
1.3097 level visible on H4
1.3112 Swing High on H1

First I took a Long with one position with full risk because it was trading with the trend. Closed after the M5 bar closed at divergence.

Then I waited for the ZOO. The first one 1.3097 was obviously countertrend and I wanted to go for a 3-phase entry meaning the first position at lowest risk. I could not get a 2nd and 3rd and got stopped out for a tiny loss.

The next ZOO was just before the News. Divergences on H1 and M15 M5. Because of a possible spike, I decided to go for 1/3 risk with a manual SL.
Exit target was H1 EMA or the M5 M15 EMA swing lows, decided to go for the highest of them.

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That first Short that I took is from 1.3097 Level, horizontal resistance to be seen on H4.

huskyboy Jan 17, 2020 7:07am | Post# 5393

{quote} But we should of been looking for long s as we were above the 26 ema ?
Thx Phillip, i knew that but that bear div made me hesitate.

PhillipmC Jan 17, 2020 7:10am | Post# 5394

{quote} Thx Phillip, i knew that but that bear div made me hesitate.
Ye me too it's hard in the moment ay..

huskyboy Jan 17, 2020 7:14am | Post# 5395

{quote} I didn't want to short before one of the ZOO's I had in mind: 1.3097 level visible on H4 1.3112 Swing High on H1 First I took a Long with one position with full risk because it was trading with the trend. Closed after the M5 bar closed at divergence. Then I waited for the ZOO. The first one 1.3097 was obviously countertrend and I wanted to go for a 3-phase entry meaning the first position at lowest risk. I could not get a 2nd and 3rd and got stopped out for a tiny loss. The next ZOO was just before the News. Divergences on H1 and M15 M5....
Thx Jazz, the inportance off levels needs te become clearer in my mind, have to remember that divergences only are the mechanics to get to those levels and divergences around those levels needs to be respected. Lesson from today is that there was a bear div at H1 but not yet at a level, the M5 touched that level in divergence and that was the entry.

Jazz1964 Jan 17, 2020 8:10am | Post# 5396

{quote} Thx Jazz, the inportance off levels needs te become clearer in my mind, have to remember that divergences only are the mechanics to get to those levels and divergences around those levels needs to be respected. Lesson from today is that there was a bear div at H1 but not yet at a level, the M5 touched that level in divergence and that was the entry.
That's well stated. The sooner you get that the better.

Nala66 Jan 17, 2020 7:28pm | Post# 5397

{quote} But we should of been looking for long s as we were above the 26 ema ?
It is difficult for me to comment without charts for examples but you are correct to be looking for longs, however the situation changes when confronted with a div or several of them on the 1 hour chart. These would be ZOO hedges or scalps to the short side against the trend. All turnaround trades start off as scalps or hedges and develop into full blown trades.

Had anyone gone long at the 108 then they would have been stopped out for no loss having moved the stop to BE+1. The same thing would have happened even if they went short BE+1.

Then they may have shorted again on the 5 min div and again been stopped out for BE+1. Finally the 5 min price reached average swing high and this was the trigger to short again and paid the money.

The point is that with the money management in place we only lose a little if anything at all by moving the stop. By sticking to the plan 100% would have easily been achieved, indeed much more so even the past losses would have been made up.

huskyboy Jan 18, 2020 2:17pm | Post# 5398

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another fine entry on friday, ABCD on H1, bear support formed on H1 an price ran into C( and other levels) with a divergence on M5 and off to EMA swing low H1. realy have to find those inportant levels when live trading

huskyboy Jan 20, 2020 1:48pm | Post# 5399

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PhillipmC Jan 21, 2020 3:44am | Post# 5400

hard trading tonight


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