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Trading the Cable swings via averages

Price is far away from EMA on h1 and there is bear div forming, so maybe it's worth to get on the pullback to EMA by looking for short on M5.
The trade is running at 20 pips so far, so I'll move my stop to BE.
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Not much to say about this...
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Quoting Nala66
Not much to say about this... {image}
We not near the H1 EMA yet boss. Looks like the M15 EMA in your pic with an extra EMA in between.
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Quoting 40PipsAlan
{quote} We not near the H1 EMA yet boss. Looks like the M15 EMA in your pic with an extra EMA in between. {image}
Yep, It's 30min EMA not 1h EMA.
Maybe Nala got a little confused
Quoting prohaha
{quote} Yep, It's 30min EMA not 1h EMA. Maybe Nala got a little confused
Lack of Aircon!
Quoting 40PipsAlan
{quote} We not near the H1 EMA yet boss. Looks like the M15 EMA in your pic with an extra EMA in between. {image}
I made a mistake that was the 30 min EMA.
Quoting prohaha
{quote} Yep, It's 30min EMA not 1h EMA. Maybe Nala got a little confused
I am always confused and not always just a little.
Not so hot today. First short trade kicked me out for +7 and jumped in again for +17 down to the H1 EMA. Sitting on hands now.
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A good example here. If you can't find a set up on the 5min or 60min, have a look at the 240min. Pip perfect.
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  • #10,150
  • Quote
  • Edited 12:39pm Feb 13, 2025 12:28pm | Edited 12:39pm
Quoting mayflower
A good example here. If you can't find a set up on the 5min or 60min, have a look at the 240min. Pip perfect. {image}
Trying to get my head around this ABCD. Is this correct?
My ABCD indi shows nothing here and My candle close is way down there.
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Quoting 40PipsAlan
{quote} Trying to get my head around this ABCD. Is this correct? My ABCD indi shows nothing here and My candle close is way down there. {image}
No, it is not. Both are on the same side of the EMA.

There are no ABCD's at all on this chart.
Quoting mayflower
A good example here. If you can't find a set up on the 5min or 60min, have a look at the 240min. Pip perfect. {image}
Your broker has different closing times on the 4-hour candles. This tends to skew the situation since we are basing the moves on the close.

I have changed my chart to candles so you can see the difference.
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Review how i should play yesterday, i think everything is in M15
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I spot a lot of chance if look back. But in real trade, actually i loss 4 trade.
Today H1 seem like HD bear and try to go back H1 EMA.
Quoting Nala66
{quote} Your broker has different closing times on the 4-hour candles. This tends to skew the situation since we are basing the moves on the close. I have changed my chart to candles so you can see the difference. {image}
My broker uses Greenwich Mean Time so (at the moment) from midnight there will be six 240 minute candles throughout the day. The second 240 minute candle opens at 08:00hrs GMT which is the time of the London open.
Quoting mayflower
{quote} My broker uses Greenwich Mean Time so (at the moment) from midnight there will be six 240 minute candles throughout the day. The second 240 minute candle opens at 08:00hrs GMT which is the time of the London open.
That is what I am saying. My 4 hour closes at 10am GMT.

I have said many times in the past once we get past 1-hour charts we can get much variation and as you see there is a 2-hour difference in our 4-hour charts.
Quoting Nala66
{quote} That is what I am saying. My 4 hour closes at 10am GMT
yep in 34 mins.
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File Type: ex4 Candle-Closing-Time-Remaining-lCCTRp.ex4   10 KB | 16 downloads
File Type: mq4 Candle-Closing-Time-Remaining-lCCTRp.mq4   4 KB | 19 downloads
When I was running webinars (years ago) I was using a broker supplied chart set and that is when I found there was a difference from those using MT4.

I would say you are not using MT4 so how can your charts match those of millions of others.

I didn't discover all this stuff herein until I started using this platform so I cannot vouch for it working on yours.

EDIT... There you go 40PipsAlan is the same time as mine...No problems seeing what I see.
Not much going on here. Expecting some H1 Bear divergence signal at LO such as a Bear HD but couldn't see any.
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Drop to M15 around our trade time to check there and see some bull divergence. This thing might be going up some more.
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Drop to M5 and price is above the EMA looking good for a long trade. Wait for the pullback to the EMA and drop a small pending long trade at the swing high still having a short bias in my opinion. Trade gets triggered and moves up +14 making a Bear divergence on the M15.Time to get out the trade and watch.
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Quoting 40PipsAlan
Not much going on here. Expecting some H1 Bear divergence signal at LO such as a Bear HD but couldn't see any.{image} Drop to M15 around our trade time to check there and see some bull divergence. This thing might be going up some more.{image} Drop to M5 and price is above the EMA looking good for a long trade. Wait for the pullback to the EMA and drop a small pending long trade at the swing high still having a short bias in my opinion. Trade gets triggered and moves up +14 making a Bear divergence on the M15.Time to get out the trade and watch.{image}...
You have eye of eagle, I keep my bias short rather strong even everything is on EMA H1, I guess i hope too much that price will go back to EMA H1 before continous go up. Anyway, here is my trade, still loss 2, no win
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1 and 2 is short with expect M5 DIV bear here, around EMA swing on M5.
I don't notice M15 make DIV bull, push price close above EMA and build support bull, just thought it maybe DIV RSI at EMA swing M15 possible so i take risk here
Trade 3 miss, I don't notice M15 build support and currently test bull support.

Trade 4 is HD M15 and BE and finish the day.

Trade 5-6 is study, but will likely to entry. Trade 5 is hedge because M5 DIV bull at EMA M15, but expect BE as price cross down test EMA many time
Trade 6 is M15 DIV bull.
Quoting eliotjng
{quote} You have eye of eagle, I keep my bias short rather strong even everything is on EMA H1, I guess i hope too much that price will go back to EMA H1 before continous go up. Anyway, here is my trade, still loss 2, no win {image} 1 and 2 is short with expect M5 DIV bear here, around EMA swing on M5. I don't notice M15 make DIV bull, push price close above EMA and build support bull, just thought it maybe DIV RSI at EMA swing M15 possible so i take risk here Trade 3 miss, I don't notice M15 build support and currently test bull support. Trade...
Maybe I could explain Friday trading a bit more. You are right in thinking a short coming up at our trade time as was I, the H1 had the makings of a HD right on previous EMA level. The H1 EMA target was around 30 pips below. No trade yet.
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The M15 showed no Bear divergence at this point but did start heading back to the EMA. No trade yet.
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On the M5. Also no Bear divergence at our trade time that I could see and price comes back to the EMA and makes an ABCD. I am starting to think Long at this point due to the lack of divergence but still unsure which way to go so I go in with a pending long at the M5 swing high and a pending Short below the daily open line in case it does go down. As we saw price found Bull support triggered my long and went up to make a bear HD so time to leave this trade and watch again.
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Always wait for a support candle on the M5 before we jump in. Don't just jump in with trade based on the H1 chart alone. There is plenty of time to make a decision and even being late to the party can get you some pips. If in doubt close the trade.

A
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