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Trading the Cable swings via averages

  • #241
  • Nov 28, 2018 5:36am Nov 28, 2018 5:36am
Closed out for +45 pips
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  • #242
  • Nov 28, 2018 5:44am Nov 28, 2018 5:44am
Thanks for the charts Alan, I would need to play around with the hedge trades still
  • #243
  • Nov 28, 2018 5:49am Nov 28, 2018 5:49am
Quoting Goyatrade
{quote} Just watch the bearish div that is forming now.
Thanks Goya, I did see it but left the trades and didn't try and hedge either, I was targeting towards the 200ma which isn't on the charts and also some supply levels
  • #244
  • Nov 28, 2018 5:56am Nov 28, 2018 5:56am
When is the stress test data released? It was on the FF calendar earlier as tentative.. but is now removed
  • #245
  • Nov 28, 2018 6:58am Nov 28, 2018 6:58am
Quoting RBlackburn
When is the stress test data released? It was on the FF calendar earlier as tentative.. but is now removed
15:30 GMT

Attached Image
  • #246
  • Nov 28, 2018 10:05am Nov 28, 2018 10:05am
Shorts taken
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  • #247
  • Nov 28, 2018 10:06am Nov 28, 2018 10:06am
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  • #248
  • Nov 28, 2018 12:02pm Nov 28, 2018 12:02pm
Riaan! Hope you also got the move up after bearish divergence! Happened just in the time that the Missus got home!! Damn! Die moeite werd om dop te hou na 16:30 Gmt!,
  • #249
  • Nov 28, 2018 2:00pm Nov 28, 2018 2:00pm
Quoting Goyatrade
Riaan! Hope you also got the move up after bearish divergence! Happened just in the time that the Missus got home!! Damn! Die moeite werd om dop te hou na 16:30 Gmt!,
No well I just had the trades that I posted. Is jy n Suid Afrikaner?
  • #250
  • Nov 28, 2018 2:56pm Nov 28, 2018 2:56pm
Quoting Riaanvw
{quote} No well I just had the trades that I posted. Is jy n Suid Afrikaner?
Namibiλ, maar woon nou in Duitsland. Have been trading a similar system with 25ema and macd, but i must say this method gives an earlier indication of a probable trade, with small risk!
  • #251
  • Nov 28, 2018 4:54pm Nov 28, 2018 4:54pm
Am I reading this correctly? Time is just before NY open, using M5 chart.

• Green TL's denote 5 RSI divergence on itself, which is also shared with 14 DIV.

• Arrow's show my choice of direction.

• Also assuming 1st entry to come at candle close confirming divergence.

Thanks,
Darryl
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  • #252
  • Nov 29, 2018 12:00am Nov 29, 2018 12:00am
I took a short entry here because of div RSI and Price on 5 min and div in RSI slow and fast on 15 min but i think it'll just be a quick scalp as the general trend directions seems to be in up direction, i'll be more interested in LONG entries today.
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  • #253
  • Nov 29, 2018 12:43am Nov 29, 2018 12:43am
Quoting obiwandax
hi Alan, When you say "hedge", do you mean to close and reverse the trade? (I ask for clarification, as my understanding of a hedge is to have both Long and Short positions simultaneously)
Your understanding is correct
  • #254
  • Nov 29, 2018 12:45am Nov 29, 2018 12:45am
Quoting Mic_FX
Today I am better, but I must train scale in. 2nd entry is too late and 3rd I missed. {image}
Yes not as easy as it looks hey!
  • #255
  • Nov 29, 2018 2:00am Nov 29, 2018 2:00am
Quoting diamonddbw
Am I reading this correctly? Time is just before NY open, using M5 chart. • Green TL's denote 5 RSI divergence on itself, which is also shared with 14 DIV. • Arrow's show my choice of direction. • Also assuming 1st entry to come at candle close confirming divergence. Thanks, Darryl {image}
Looks ok to me. I don't know about that red and yellow bit in the middle though it is not drawn correctly, there was nothing there.
  • #256
  • Nov 29, 2018 2:02am Nov 29, 2018 2:02am
Quoting haris1211
I took a short entry here because of div RSI and Price on 5 min and div in RSI slow and fast on 15 min but i think it'll just be a quick scalp as the general trend directions seems to be in up direction, i'll be more interested in LONG entries today. {image} {image}
Don't fall into the trap of thinking trades, let the signals do their work and respect them.
  • #257
  • Nov 29, 2018 2:09am Nov 29, 2018 2:09am
I am a tad busy with other stuff taking up my time at the moment.

Looking at the chart from yesterday I see there were three opportunities in one day to make the 50 pips.
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  • #258
  • Nov 29, 2018 2:12am Nov 29, 2018 2:12am
Quoting Nala66
I am a tad busy with other stuff taking up my time at the moment. Looking at the chart from yesterday I see there were three opportunities in one day to make the 50 pips. {image}
GM, what would be the verdict for today??
  • #259
  • Nov 29, 2018 2:16am Nov 29, 2018 2:16am
Quoting Goyatrade
{quote} GM, what would be the verdict for today??
Well we just had a 25 pip short down to a hedge trade.
  • #260
  • Nov 29, 2018 2:25am Nov 29, 2018 2:25am
Quoting Nala66
{quote} Well we just had a 25 pip short down to a hedge trade.
Sure, if you started 2 hrs before the 108 time. Since 108 it plays around 15 pips, with 2 hedge signals, and one hidden bearish div just before 108 candle. one of those difficult to start days, but i will stay bearish for 40 pip target.
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