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Trading the Cable swings via averages

  • #161
  • Nov 25, 2018 3:26am Nov 25, 2018 3:26am
Quoting trader1024
Hi Alan , I could get fairly good entries over the last 2 days and it was fairly easy. This is the first time I'm trading something on 5 mins . Thank you very much . For me , picking entries hasn't been much of a problem over the years , but it's when to take my tp and cutting losses . Could you share some light on where you set ur tp and sl . and how you ride the winners . do u move ur sl or use trailing . Or do u always stick to 40-50 pips .
i exit when fast touches the 20 or 80 line for sell and buy signals respectively . Just in case you like it that way. see friday's trade i took.
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i have tried to start trades with a trend, now i prefer to follow the trend
  • #162
  • Edited 4:37am Nov 25, 2018 4:08am | Edited 4:37am
Quoting MrMagnet
On the 1h chart there was a failed retest before London open so there was a clue it was going down and on the 1m chart I can see the 2 divergences at support where there would be entries. If I would have taken the 1st entry I would have been stopped out by moving my stop to break even. What is your process for stops for the 3 entries if using the 1m or the 5m charts as well.{image}
Hi, Alan
Respect for spending time. Very good and I would say most important question above, how you use your stops for all 3 entries. Where your stops and when move to BE?
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  • #163
  • Nov 25, 2018 4:24am Nov 25, 2018 4:24am
Quoting jereajali
{quote} i exit when fast touches the 20 or 80 line for sell and buy signals respectively . Just in case you like it that way. see friday's trade i took. {image}
Thanks . Thats interesting . I would like to try it . Currently I use pivots . I will combine 20/80 touch with pivots and do some backtest .
  • #164
  • Nov 25, 2018 5:25am Nov 25, 2018 5:25am
Quoting 3ndlessHope
{quote} You clearly did not understand my message.
Hi, your questions have been dumb and yet you express your dis-satisfaction. Move on.

Read and read more.

Cheers..
Trade to trade another day
  • #165
  • Nov 25, 2018 5:53am Nov 25, 2018 5:53am
Quoting Wavegarrick
{quote} Hi, your questions have been dumb and yet you express your dis-satisfaction. Move on. Read and read more. Cheers..
Well, its not the question being dumb, its you if you think asking why he limits himself is dumb.
Necessity knows no law except to conquer
  • #166
  • Nov 25, 2018 6:08am Nov 25, 2018 6:08am
Quoting 3ndlessHope
{quote} Well, its not the question being dumb, its you if you think asking why he limits himself is dumb.
It is simple. Nala has told you why he specializes on one currency pair only and I can understand his reasoning. He maximizes his profits with his entries.

Take care.
Trade to trade another day
  • #167
  • Nov 25, 2018 8:01am Nov 25, 2018 8:01am
Using what Nala has shown us makes the chart readable like a map. Look at the pics below,its clear what GU will be doing this week......Selling off
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i have tried to start trades with a trend, now i prefer to follow the trend
  • #168
  • Nov 25, 2018 8:06am Nov 25, 2018 8:06am
if you are looking at long term sell on GU then see the big picture, otherwise exit when slow hits the 20 line
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i have tried to start trades with a trend, now i prefer to follow the trend
  • #169
  • Nov 25, 2018 10:16am Nov 25, 2018 10:16am
I am happy to notice that you have now started your thread. By now your readers must have learnt about Bull Support, Bear Support, Average Swing Low and Average Swing High. These are new terms that you have introduced into the World of Forex.

With your system, the possibility of making losses is very remote. In fact, once an entry is made the chances of making pips are phenomenally high. Your system eliminates practically all the fears of picking the false ups and bottoms.

Another high point of your Strategy is your Stop Loss management. It is one of the best in the business. No prevarications, no tentativeness. It‘s definite and you don’t lose much. That way, you are on top of the market and prepared to take the next profitable trade.

Congratulations. Clearly, your thread has enriched the World of Forex.
  • #170
  • Nov 25, 2018 7:34pm Nov 25, 2018 7:34pm
Quoting Bydyke
I am happy to notice that you have now started your thread. By now your readers must have learnt about Bull Support, Bear Support, Average Swing Low and Average Swing High. These are new terms that you have introduced into the World of Forex. With your system, the possibility of making losses is very remote. In fact, once an entry is made the chances of making pips are phenomenally high. Your system eliminates practically all the fears of picking the false ups and bottoms. Another high point of your Strategy is your Stop Loss management. It is one...
Thank you very much, that is quite an awesome accolade.
  • #171
  • Nov 25, 2018 8:02pm Nov 25, 2018 8:02pm
I believe I have explained the why, what , when and how I trade well enough in the explanations I have given.

I always expect people to express dissent but unless they show me a better way, or even a method of improvement on my practices, then I simply take such notions with a piece of salt and move on.

Some people seem to be having trouble with stops. I am simply saying keep them as tight as possible at 'the trade has failed level'

Really we have much more time to get the trades on but I like to get them on ASAP so I can get my profit ASAP also.

Look at the 5 min chart here where we are expecting price to run from A to B. We had a 53 pip movement to get our trades on and still have the 40 left to complete the task. Once we see the bears have FOUND support and we see the 1 minute chart making those lower low average swings we have heaps of time to add to our position
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  • #172
  • Nov 25, 2018 8:13pm Nov 25, 2018 8:13pm
The signals are very clear. Apart from those already described Look at this latest 5 min signal 34 pips of pure profit via RSI divergence.

We can see price fails to break the average, it is in divergence suggesting a cross of the EMA and the average failing to make the HH attempts to make a LL.
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  • #173
  • Nov 26, 2018 12:32am Nov 26, 2018 12:32am
Quoting Nala66
Some people seem to be having trouble with stops. I am simply saying keep them as tight as possible at 'the trade has failed level' {image}
Fair enough. Thanks for putting this thread together.
  • #174
  • Nov 26, 2018 6:40am Nov 26, 2018 6:40am
Thanks Alan. I took these trades this morning... GBP USD 1HR
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  • #175
  • Nov 26, 2018 6:40am Nov 26, 2018 6:40am
GBP USD 5min just before bar 108
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  • #176
  • Nov 26, 2018 6:41am Nov 26, 2018 6:41am
GBP CHF
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  • #177
  • Nov 26, 2018 6:42am Nov 26, 2018 6:42am
GBP USD +29 & +38 pips
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  • #178
  • Nov 26, 2018 6:42am Nov 26, 2018 6:42am
GBP CHF +16 pips
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  • #179
  • Nov 26, 2018 1:09pm Nov 26, 2018 1:09pm
Quoting Bydyke
... By now your readers must have learnt about Bull Support, Bear Support, Average Swing Low and Average Swing High. These are new terms that you have introduced into the World of Forex....
NALA66,
This quote alone may be the most important quote (in my eyes) in forex knowledge I have seen. Although my job does not allow me to trade your system. This quote has opened my eyes that it also works with my 36LWMA. I trade W-D-H4 TF. Price Always returns to average. Leaving a road map when there are forks in the road. Thank you for your knowledge and i look foreward to reading more.
Trade what "Is", not what "If".
  • #180
  • Nov 26, 2018 2:23pm Nov 26, 2018 2:23pm
Quoting Bydyke
By now your readers must have learnt about Bull Support, Bear Support, Average Swing Low and Average Swing High. These are new terms that you have introduced into the World of Forex.
What are bull support and bear support... Average swing low and average swing high..... On which thread are they defined.
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