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Trading the Cable swings via averages

  • #4,081
  • Edited 11:28pm Jul 8, 2019 11:03pm | Edited 11:28pm
Quoting Jazz1964
{quote} The answer is in the one post above yours.........
i was using the rsi that alan posted. it doesn't allow "apply to". fixed it with regular rsi.
  • #4,082
  • Jul 8, 2019 11:28pm Jul 8, 2019 11:28pm
Quoting blessedchuck
{quote} repeating yourself doesn't help. i just said i did it according to the pdf. that "applied to" button in the pdf example didn't show up when i did it though. this is probably what you are referring to.
Post 3546 should help with that. Otherwise i can help you via teamviewer when i am home again today or tomorrow
Trading S/R with PA only. No indicators anymore!
  • #4,083
  • Jul 8, 2019 11:34pm Jul 8, 2019 11:34pm
Quoting Jazz1964
{quote} Post 3546 should help with that. Otherwise i can help you via teamviewer when i am home again today or tomorrow
yes i did this, thanks. but the other way was working at the 80 and 20 but not the 50 rsi level. this speaks volumes on how powerful this method is to have it set up wrong and it still works.
  • #4,084
  • Jul 9, 2019 1:48am Jul 9, 2019 1:48am
The 15 min has hit its AB = CD target.

Well I ay 15 min but it doesn't matter which chart for this, the result is the same.
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  • #4,085
  • Jul 9, 2019 2:02am Jul 9, 2019 2:02am
Quoting Nala66
The 15 min has hit its AB = CD target. Well I ay 15 min but it doesn't matter which chart for this, the result is the same. {image}
It is a bit frustrating: I simply don't know why you draw your AB CD pattern that way. Why is C where it is?

Can you give me an enlightening post number, please?
Trying to safe the world...
  • #4,086
  • Jul 9, 2019 2:18am Jul 9, 2019 2:18am
Quoting RobertMY
{quote} It is a bit frustrating: I simply don't know why you draw your AB CD pattern that way. Why is C where it is? Can you give me an enlightening post number, please?
This is one of the simplest things to do.

We have a swing high above the EMA = A
We have the swing low below the EMA = B
Therefore C is the mid point of AB or 50%.

We mark these LEVELS up. ( I use my Quartile tool it is easier)
Then we have a plus or minus value because it doesn't always stop at exactly 50%
  • #4,087
  • Jul 9, 2019 2:24am Jul 9, 2019 2:24am
Quoting Nala66
{quote} This is one of the simplest things to do. We have a swing high above the EMA = A We have the swing low below the EMA = B Therefore C is the mid point of AB or 50%. We mark these LEVELS up. ( I use my Quartile tool it is easier) Then we have a plus or minus value because it doesn't always stop at exactly 50%
Sure... Sorry... I was caught in too complicated thinking.
Trying to safe the world...
  • #4,088
  • Jul 9, 2019 2:30am Jul 9, 2019 2:30am
Quoting RobertMY
{quote} Sure... Sorry... I was caught in too complicated thinking.
Here it is drawn on the 30 min chart, you can print it off as a reference.
Attached Image (click to enlarge)
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  • #4,089
  • Jul 9, 2019 3:25am Jul 9, 2019 3:25am
Quoting Nala66
{quote} Here it is drawn on the 30 min chart, you can print it off as a reference. {image}
Thank you very much!
Trying to safe the world...
  • #4,090
  • Jul 9, 2019 3:44am Jul 9, 2019 3:44am
Gidday everybody.

Nala thanks for the threads.
I'm subscribed to both this one and the quartile thread, plenty of good knowledge being given in them both by yourself and others.
Downloaded the PDF and going through it as well. Taken some screen shots as well.
Like the double RSI, especially the divergence that occurs between the two. Get your eye in Kev.

ABC is not something I've understood so was very interested in the above posts with the chart illustrating the concept, cheers guys.
I took the liberty of marking up the same chart to see if my understanding is okay.
You'll see a couple of trades I was able to take of just before, but compare my trades with what the ABC
suggests and I missed some pips here.
MA 26 is on my charts but not here as I used default template for my playing with ABC, I'll include it
in any future posts. I have used quartile marking up my chart, it's the same GBPUSD 30 min as above.
Attached Image (click to enlarge)
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"You know what needs to be addressed , completely completely reverse that".
  • #4,091
  • Jul 9, 2019 3:49am Jul 9, 2019 3:49am
Me, I joined 2011 and dropped out again for a couple of years as I wasn't making it first time around.
I'd have to say still I'm a chaotic trader as I've been up and down over the last few years, never lost
the account but at the same time I've only just doubled the original amount I started with and realize
I'm not that good a trader. Have an 85% success rate but bad habits holding me back.
Changing things now though.
"You know what needs to be addressed , completely completely reverse that".
  • #4,092
  • Jul 9, 2019 3:51am Jul 9, 2019 3:51am
Quoting Kmw
Gidday everybody. Nala thanks for the threads. I'm subscribed to both this one and the quartile thread, plenty of good knowledge being given in them both by yourself and others. Downloaded the PDF and going through it as well. Taken some screen shots as well. Like the double RSI, especially the divergence that occurs between the two. Get your eye in Kev. ABC is not something I've understood so was very interested in the above posts with the chart illustrating the concept, cheers guys. I took the liberty of marking up the same chart to see if my...
That is how I use the Quartile too.

For those not familiar with it, it is just the fib tool converted to quarters.. If we span the top and bottom so that the top of the Quartile is at the top of the swing. Then put the mid point of the Quartile to the bottom of the swing. What we then see is the retrce to the 3 Quartile and the target at the bottom 100% of the Quartile.

Dead easy UH!
  • #4,093
  • Jul 9, 2019 4:33am Jul 9, 2019 4:33am
Here on the 30 min you see the Quartile in use, I just cleaned it up a tad.

The first two Quartiles span the swing High/low, An AB =CD would take up the 3rd Quartile but as you can see even the 4th was taken up.

Note how I have the actual prices on the levels so I can simply punch these into the ticket.
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  • #4,094
  • Jul 9, 2019 5:50am Jul 9, 2019 5:50am
Okay, short targets hit with the 60m and others in bullish divergence, I am now taking a long looking at price returning to the 60m EMA.
  • #4,095
  • Jul 9, 2019 6:32am Jul 9, 2019 6:32am
Nope it still wants to go down. Better to get out with a small stop and re-evaluate.
  • #4,096
  • Jul 9, 2019 2:27pm Jul 9, 2019 2:27pm
Quoting mayflower
Nope it still wants to go down. Better to get out with a small stop and re-evaluate.
the range has just about ended. and we are getting market structure breaks to the upside. and the avg. is climbing. so be careful with shorts.
  • #4,097
  • Jul 9, 2019 7:22pm Jul 9, 2019 7:22pm
Quoting blessedchuck
{quote} the range has just about ended. and we are getting market structure breaks to the upside. and the avg. is climbing. so be careful with shorts.
What on Earth is a 'Market Structure Break?'

Simple process here... When trading below the average look for shorts!

It is not over until we begin to trade above the average.

My average is certainly not climbing
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  • #4,098
  • Jul 9, 2019 7:43pm Jul 9, 2019 7:43pm
Not much point trading outside the time zone unless one is desperate.
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  • #4,099
  • Jul 9, 2019 8:08pm Jul 9, 2019 8:08pm
Quoting Nala66
Not much point trading outside the time zone unless one is desperate. {image}
Good point Alan, could you please clarify how many hours the 'zone' is?

Cheers
  • #4,100
  • Jul 9, 2019 9:24pm Jul 9, 2019 9:24pm
Quoting k1w1
{quote} Good point Alan, could you please clarify how many hours the 'zone' is? Cheers
that zone was 5 hours long
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