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Trading the Cable swings via averages

  • #4,101
  • Jul 9, 2019 9:44pm Jul 9, 2019 9:44pm
Alan, are you able to provide the price levels indicator (stripes) you use on your charts please?

Cheers
  • #4,102
  • Jul 9, 2019 10:07pm Jul 9, 2019 10:07pm
Quoting k1w1
Alan, are you able to provide the price levels indicator (stripes) you use on your charts please? Cheers
here you go
Attached File(s)
File Type: ex4 Mano Rounder.ex4   25 KB | 272 downloads
  • #4,103
  • Jul 9, 2019 10:59pm Jul 9, 2019 10:59pm
Quoting k1w1
{quote} Good point Alan, could you please clarify how many hours the 'zone' is? Cheers
It varies from day to day, this was about six hours or so and terminated with the Bull div at the bottom
  • #4,104
  • Jul 9, 2019 11:05pm Jul 9, 2019 11:05pm
Quoting k1w1
Alan, are you able to provide the price levels indicator (stripes) you use on your charts please? Cheers
This is the one I use.

I don't know why it looks pink in the forum it is Silver on my charts.
Attached File(s)
File Type: ex4 ftc_priceGrid.ex4   14 KB | 562 downloads
  • #4,105
  • Jul 9, 2019 11:51pm Jul 9, 2019 11:51pm
How's this charting working out for everyone? Interested to dig in, but this will be my 1st charting setup so I want to know if it's even worth my time.
  • #4,106
  • Jul 10, 2019 3:21am Jul 10, 2019 3:21am
Quoting DublOKneegro
How's this charting working out for everyone? Interested to dig in, but this will be my 1st charting setup so I want to know if it's even worth my time.
It is definately more than worthwhile to dig into it if you want to learn how to trade. Trading itself is not for everyone though.
Trading S/R with PA only. No indicators anymore!
  • #4,107
  • Jul 10, 2019 4:46am Jul 10, 2019 4:46am
Quoting Nala66
{quote} 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 {image}
i thought i seen up movement coming. i must be mistaken. my bad.
  • #4,108
  • Jul 10, 2019 4:47am Jul 10, 2019 4:47am
hey jazz , how was the trading today, can you post your chart with todays entries marked and explain why you took these trades
thanks
  • #4,109
  • Jul 10, 2019 5:15am Jul 10, 2019 5:15am
Quoting DublOKneegro
How's this charting working out for everyone? Interested to dig in, but this will be my 1st charting setup so I want to know if it's even worth my time.
Absolutely worthwhile.
I started out on this thread 3 weeks ago. I've been making solid pips from last week till today. Heck, even today I've reached my personal target (Tweaked the money management suited for me at the moment). As Alan mentioned in his very early posts that this method will make you a much better trader overall in terms of gauging the market. Can not agree more!
Is it too soon to start an appreciation thread for Alan?
  • #4,110
  • Jul 10, 2019 5:31am Jul 10, 2019 5:31am
Why is it so easy to see the entries in hindsight, shiny and clear, but so HARD if I do it live?
Trying to safe the world...
  • #4,111
  • Jul 10, 2019 5:34am Jul 10, 2019 5:34am
Quoting RobertMY
Why is it so easy to see the entries in hindsight, shiny and clear, but so HARD if I do it live?
same here, don,t know what happen, mostly i know which way i should find the trade but when it comes to entry it becomes tricky, even if i get a entry right most of the time the trade will get into positive and then take me out for breakeven
  • #4,112
  • Jul 10, 2019 6:16am Jul 10, 2019 6:16am
Quoting Jazz1964
{quote} It is definately more than worthwhile to dig into it if you want to learn how to trade. Trading itself is not for everyone though.
wise words !
  • #4,113
  • Jul 10, 2019 6:55am Jul 10, 2019 6:55am
I can find some good entries LIVE actually. But I get stopped out, since I want to keep my risk around 50$/0.4Lot/1th. step. After the SL hit, the move begins... Scream...

I don't want to dilute the concept MM here, but I get a bit in love with Alanīs Quartille "SL/TP" tool.

Alan, what do you think about if I would combine your Cable-concept with Quartille? It is a different SL/TP situation and would produce lesser profit per day. But it could help me probably to "widen" the action range? It would be further even a bit more mechanical and lesser dependent on 1+2+3 confidence rising levels.

Advice?
Trying to safe the world...
  • #4,114
  • Jul 10, 2019 7:07am Jul 10, 2019 7:07am
Looks like price is going for the high. the avg. made a new high.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-07-10 at 8.00.55 AM.png Size: 60 KB
  • #4,115
  • Jul 10, 2019 8:46am Jul 10, 2019 8:46am
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-07-10 at 9.40.11 AM.png Size: 66 KB
  • #4,116
  • Jul 10, 2019 10:43am Jul 10, 2019 10:43am
Quoting RobertMY
I can find some good entries LIVE actually. But I get stopped out, since I want to keep my risk around 50$/0.4Lot/1th. step. After the SL hit, the move begins... Scream... I don't want to dilute the concept MM here, but I get a bit in love with Alanīs Quartille "SL/TP" tool. Alan, what do you think about if I would combine your Cable-concept with Quartille? It is a different SL/TP situation and would produce lesser profit per day. But it could help me probably to "widen" the action range? It would be further even a bit more mechanical and lesser...
I use it all the time, it helps me find those 50% ZOO points.
  • #4,117
  • Jul 10, 2019 10:44am Jul 10, 2019 10:44am
I have a target of 25444 (1H) but I have done enough for today...off to bed.
  • #4,118
  • Jul 10, 2019 10:48am Jul 10, 2019 10:48am
Quoting Nala66
{quote} I use it all the time, it helps me find those 50% ZOO points.
Can you please introduce us this tool? I have certainly read it in some posts in this thread but don't have much idea what and how to use it.

How is Polly by the way? Have not heard from her for a while
  • #4,119
  • Jul 10, 2019 10:54am Jul 10, 2019 10:54am
Polly is fine, didn't think anyone was interested.

There is a whole thread I wrote on the Quartile
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #4,120
  • Jul 10, 2019 10:57am Jul 10, 2019 10:57am
Here you see me using it on the 30min chart to show where the 50% retrace level is at so I can go long if the signal is given on the 5 min which it was.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
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