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Trading the Cable swings via averages

  • #421
  • Dec 11, 2018 3:10am Dec 11, 2018 3:10am
ANNNND stopped out again
  • #422
  • Dec 11, 2018 3:12am Dec 11, 2018 3:12am
Bit of a mess at the moment with the 1 hour looking for bullish support
  • #423
  • Dec 11, 2018 3:19am Dec 11, 2018 3:19am
Alan thanks for your time your putting in to this, certainly great reading and learning so much.

The more I follow this with my own charts the more clear it all becomes.
life is a reflection of what we allow ourselves to see
  • #424
  • Dec 11, 2018 3:45am Dec 11, 2018 3:45am
Quoting mikeeating
Alan thanks for your time your putting in to this, certainly great reading and learning so much. The more I follow this with my own charts the more clear it all becomes.
No worries, I can't always put in this much time, just do what I can.

I didn't take this last long entry on the RSI div but see how it paid 20 just for a scalp. (that's a ten pip grid on the price chart.
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  • #425
  • Dec 11, 2018 4:01am Dec 11, 2018 4:01am
So here is the whole thing I have been describing and the trade is just about the same each day. We just keep rinsing and repeating getting the odd one wrong for a tiny loss but in the main scoring our 1K a day with little problem. It doesn't take too much time out of your day to achieve this result.
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  • #426
  • Dec 11, 2018 4:32am Dec 11, 2018 4:32am
Quoting Riaanvw
+48 pips {image}

It’s certainly a lot of bravery to earn pips on that last bull’s run on GU on a day like this when the fall-out from Brexit is all bears. Bravo.

But it also tells everyone the greatness of Alan’s System. By sticking to the rules, you are guaranteed the pips whether the market is trending upwards or downwards.
  • #427
  • Edited 6:07am Dec 11, 2018 4:52am | Edited 6:07am
Since that last bull’s run the market has been directionless. Infact, since that run, GU has moved only 35 pips. PA has been criss-crossing M5 average.

The standard ALAN’S DIVERGENCE (ie, Divergence vis-à-vis the fast and slow RSI) emerged at 1200 hours GMT (end of last hour) on M5. What the divergence did was to push PA back up past the M5 average. Meanwhile, with yesterday’s D1 candle, the market is waiting for GU to plummet. So, what is Alan’s system telling us at the moment? Steer clear until there is a direction. For me, I will consider entering when PA closes below the latest M5 lo at 2601.

In effect, with Alan’s system, it is difficult to lose money
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  • #428
  • Dec 11, 2018 7:41am Dec 11, 2018 7:41am
Hey Alan, quick question. I tried looking for the answer but I couldn't find it (I know it was asked though). Are you looking for something in particular when placing your 3rd entry?
  • #429
  • Dec 11, 2018 8:03am Dec 11, 2018 8:03am
I had these shorts for +37
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  • #430
  • Dec 11, 2018 3:22pm Dec 11, 2018 3:22pm
Quoting Rfs199
Hey Alan, quick question. I tried looking for the answer but I couldn't find it (I know it was asked though). Are you looking for something in particular when placing your 3rd entry?
I suppose the best way I can answer that is to say experience brings confidence. Remember we are not risking very much here because we are moving the stops in spite of the fact we can get stopped out. So if we are confident the trade is behaving as it should we also know this very early and take the plunge with the 3rd entry.

Remember we can measure the expected distance the price is likely to move so as long as the 3rd entry is made whilst there are still 40 pips left in the trade we are fine. If we can get that 3rd trade in a tad earlier than the 40 pips left then we are in for a couple of pips bonus. Don't stress too much at not managing this third entry even with the two on you are making good money at half a K+.

I am not too upset at not getting the full potential of the trade, as with yesterday I just took a 50 pip scalp followed by another 6 pip loss followed by an 18 pip win resulting in 62 pips for the evening at AUD$14 a pip. Not quite the 1k but I think you'll agree bot bad just for scalping.

Keep looking for those at those higher time frames to get a good notion of what price is trying to do, this adds to your confidence that you are doing the right thing in the right direction increasing your probability of success.

It is the people who don't trade by a method based on sound signals but merely on whimsical thoughts who lose money. Don't go down the road of trading theories stick to what you see as factual evidence and respond to it accordingly.

So what sparked yesterdays move while I was in bed... Look at this 4 hour chart.
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  • #431
  • Dec 11, 2018 3:29pm Dec 11, 2018 3:29pm
Quoting Riaanvw
I had these shorts for +37 {image}
You are doing great Riaan but don't burn out by trading for too long.
  • #432
  • Dec 11, 2018 5:05pm Dec 11, 2018 5:05pm
Alan's Divergence on H4. Is the bear brohaha about to end?
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  • #433
  • Dec 11, 2018 5:12pm Dec 11, 2018 5:12pm
The H1 says yes (for the moment) the M15 says no and the M5 says yes!

I'm thinking the M5 will play out first (possible a short lived move because of the M15) then the M15 will play out, which will then allow the H1 move up with the direction from the H4.

Sorry you asked?
Good Trading
  • #434
  • Dec 11, 2018 5:33pm Dec 11, 2018 5:33pm
Quoting Bydyke
Alan's Divergence on H4. Is the bear brohaha about to end? {image}
Well now look what we have on the 4hr
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  • #435
  • Dec 11, 2018 5:37pm Dec 11, 2018 5:37pm
Quoting aud
The H1 says yes (for the moment) the M15 says no and the M5 says yes! I'm thinking the M5 will play out first (possible a short lived move because of the M15) then the M15 will play out, which will then allow the H1 move up with the direction from the H4. Sorry you asked?
Not sure what you mean on the 15 min...It was definitely in bullish div to me?
  • #436
  • Dec 11, 2018 6:49pm Dec 11, 2018 6:49pm
Hello Alan,
Thank for contributing this great thread.
I truly want to start to follow your lessons.
Can you please tell me which broker you are using?
Thanks
  • #437
  • Dec 11, 2018 8:54pm Dec 11, 2018 8:54pm
Quoting aud
The H1 says yes (for the moment) the M15 says no and the M5 says yes! I'm thinking the M5 will play out first (possible a short lived move because of the M15) then the M15 will play out, which will then allow the H1 move up with the direction from the H4. Sorry you asked?

Thanks. With Alan's system, we shall find out soon enough. The system makes one a very confident trader
  • #438
  • Dec 11, 2018 9:43pm Dec 11, 2018 9:43pm
Quoting quangvision
Hello Alan, Thank for contributing this great thread. I truly want to start to follow your lessons. Can you please tell me which broker you are using? Thanks
Yes.. Axitrader prior to this I was with GFT.

I started to use the MT4 platform because that was what most people were using in the old webinars.

I don't know if it makes any difference at all just as long as it is not a US broker with all their restrictions.
  • #439
  • Dec 11, 2018 10:35pm Dec 11, 2018 10:35pm
We have
H4 bullish divergence
H1 bullish divergence, I wonder if it is gonna an Avarage HH, even doubt if price crosses the EMA soon (or at all)
because
M30 Bearish divergence and price bounced from EMA
M15 bearish divergence 45 minutes ago, price gets below EMA again
M5 bearsih divergence 45 minutes ago

I started the day too late for this short.
I'll prepare for an entry long (cos of H4 and H1) in case that develops on lower TF's
from M5 High to Yesterday's Low = circa 35 pips
I guess they want to get there
I'll watch divergence in that area closely
Trading S/R with PA only. No indicators anymore!
  • #440
  • Dec 11, 2018 11:19pm Dec 11, 2018 11:19pm
Quoting Jazz1964
We have H4 bullish divergence H1 bullish divergence, I wonder if it is gonna an Avarage HH, even doubt if price crosses the EMA soon (or at all) because M30 Bearish divergence and price bounced from EMA M15 bearish divergence 45 minutes ago, price gets below EMA again M5 bearsih divergence 45 minutes ago I started the day too late for this short. I'll prepare for an entry long (cos of H4 and H1) in case that develops on lower TF's from M5 High to Yesterday's Low = circa 35 pips I guess they want to get there I'll watch divergence in that area closely...
Adding a chart to that.

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