Trading the Cable swings via averages | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Identifying Market Swings - Medium and Long Term Trading 619 replies

Trading With Moving Averages 72 replies

Moving Averages Zone Trading 10 replies

HELP! GMMA (Guppy's Multi-Moving Averages) Trading Mehod 3 replies

Via indicator: trading xxxyyy via zzz 0 replies

Attachments: Trading the Cable swings via averages
Exit Attachments

Trading the Cable swings via averages

  • #261
  • Nov 29, 2018 2:31am Nov 29, 2018 2:31am
This has pulled down below the hedge so I will close all and look in a bit later... Still require an additional $430

Looks like the average is trying for a LL on the 5 min.
  • #262
  • Nov 29, 2018 2:40am Nov 29, 2018 2:40am
Quoting Goyatrade
{quote} 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.
Gee you are getting your eye in very well....Great stuff

What entry did you take to start your 40 pips?
  • #263
  • Nov 29, 2018 2:43am Nov 29, 2018 2:43am
Some daylight now.
  • #264
  • Nov 29, 2018 2:45am Nov 29, 2018 2:45am
On the 1 hour we have bullish failure now so your 40 pips may be many more
  • #265
  • Nov 29, 2018 2:45am Nov 29, 2018 2:45am
Got my 50 pips - thank you Alan! That was fun.
  • #266
  • Nov 29, 2018 3:01am Nov 29, 2018 3:01am
There were more ways to read it today, e.g. I had some serious doubt to enter short at the high (resistance) since there was quite some divergence all over the place.
But this is how I traded:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 83 KB


I like your daily 50 pips strategy.

Yesterday was a bit of hard day. What I learned is that hedging can help a lot. Still some work to do for me on this subject.

Thanks again Alan!
Trading S/R with PA only. No indicators anymore!
  • #267
  • Nov 29, 2018 3:01am Nov 29, 2018 3:01am
Quoting Nala66
{quote} Gee you are getting your eye in very well....Great stuff What entry did you take to start your 40 pips?
I was bit confused with the conflicting divergences, so i went bullish first and then lost 12 pips with the turn around, but then took a sell at the break of 1.2824. The 40 pip target of original signal was around 1.2807 ?? If i read it correctly, but i went for the full nr, so got 24pips back!! Should have styaed, but am taking a break and wait for next signal!! Still new at this and learning!!
  • #268
  • Nov 29, 2018 3:01am Nov 29, 2018 3:01am
I want 50 pips a day as well.
For me is had to spot the divergence and I'm not able to replicate the setting on RSI5 on my phone as I don't have "previous indicator data".
Nice approach
  • #269
  • Nov 29, 2018 3:03am Nov 29, 2018 3:03am
Sorry, because of my age and computer and IT handicap, i still have to learn how to post charts!!
  • #270
  • Nov 29, 2018 3:12am Nov 29, 2018 3:12am
When you have some time, can you please elaborate a bit more (or again) on the stage 3 entries, what specific conditions you have for them?
I sure did read post #128.
"Then we see the bears are failing to recross, the fast RSI gets below the blue but we see failure to cross the EMA. A good reason for my second entry and moving the stop. A two bar test at this point gives me the third and final entry and again moving the stops ASAP until all are at the minimum of break even above the last entry'.
Trading S/R with PA only. No indicators anymore!
  • #271
  • Nov 29, 2018 3:21am Nov 29, 2018 3:21am
For Goya:

1. Take a picture of the chart
2. On that pic, right click and 'copy'
3. go to your message and put your cursor where you want the picture inserted
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 71 KB


4. Then push 'Insert' like this:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 65 KB


Now you can go on with your text if you want to.
Trading S/R with PA only. No indicators anymore!
  • #272
  • Nov 29, 2018 4:27am Nov 29, 2018 4:27am
Quoting Merka
I want 50 pips a day as well. For me is had to spot the divergence and I'm not able to replicate the setting on RSI5 on my phone as I don't have "previous indicator data". Nice approach
Unless I would have a 24" phone, I would never been able to trade this without PC
Trading S/R with PA only. No indicators anymore!
  • #273
  • Nov 29, 2018 5:24am Nov 29, 2018 5:24am
Although I am out of the trades, I am focusing on the hedge element.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
Trading S/R with PA only. No indicators anymore!
  • #274
  • Nov 29, 2018 5:48am Nov 29, 2018 5:48am
Hi Nala, can you tell more detail how put SL for entry 1, 2 and 3. And how you move the SL of each entries.
Thank you.
  • #275
  • Nov 29, 2018 6:56am Nov 29, 2018 6:56am
Quoting Jazz1964
Although I am out of the trades, I am focusing on the hedge element. {image}
That is exactly how to do it Jazz and see now how you get paid twice for those pips contained within the hedged distance. For NO risk.
  • #276
  • Edited 7:25am Nov 29, 2018 7:08am | Edited 7:25am
Quoting Goyatrade
{quote} I was bit confused with the conflicting divergences, so i went bullish first and then lost 12 pips with the turn around, but then took a sell at the break of 1.2824. The 40 pip target of original signal was around 1.2807 ?? If i read it correctly, but i went for the full nr, so got 24pips back!! Should have styaed, but am taking a break and wait for next signal!! Still new at this and learning!!
Not sure where you got your target of 2807. Look at my chart below and clearly you should the target as 2760 which it made.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 86 KB


Note how the average failed to make the HH so it turns to attempt a LL

And this on the 1 hour ...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 47 KB
  • #277
  • Nov 29, 2018 7:12am Nov 29, 2018 7:12am
Quoting KyBakka
Hi Nala, can you tell more detail how put SL for entry 1, 2 and 3. And how you move the SL of each entries. Thank you.
The idea of the stop losses is to keep the losses as small as you can. When a trade is working correctly it shouldn't make a price HH so just adjust your stops to just above these HH levels until finally you can get them to the same location being a pip of profit on trade 3, The other two trades will also be in profit by this time of course.
  • #278
  • Nov 29, 2018 7:13am Nov 29, 2018 7:13am
Quoting pakeha
Got my 50 pips - thank you Alan! That was fun.
Excellent....
  • #279
  • Nov 29, 2018 8:17am Nov 29, 2018 8:17am
Afternoon all. I couldnt trade the normal 108 bar but traded this earlier for 52 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_29TH_SELLS.png Size: 36 KB
  • #280
  • Nov 29, 2018 8:17am Nov 29, 2018 8:17am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_29TH +50_PIPS.png Size: 46 KB
12 traders viewing now