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Trading the Cable swings via averages

  • #641
  • Dec 18, 2018 4:21am Dec 18, 2018 4:21am
For some reason I am getting your posts late and I am not getting any email though I have it set to instant... any clues?
  • #642
  • Dec 18, 2018 4:23am Dec 18, 2018 4:23am
Hello Alan,
Very interesting, i have an question.
which steps do you take regarding managing Stop, moving to BE ect after stage 1

Thank you.
  • #643
  • Dec 18, 2018 4:26am Dec 18, 2018 4:26am
Quoting VictorFaria
Hello Alan, Very interesting, i have an question. which steps do you take regarding managing Stop, moving to BE ect after stage 1 Thank you.
When the second trade is entered the stops are moved to the BE of the first. This is the largest risk of the entire trade.

When the 3rd is entered the stops are moved to the BE of the second and the risk would then be the same as the 2nd because of profits from the 1st


Now Who's on forth
  • #644
  • Dec 18, 2018 4:31am Dec 18, 2018 4:31am
Quoting Nala66
{quote} When the second trade is entered the stops are moved to the BE of the first. This is the largest risk of the entire trade.
Oh yes i agree, we can be spiked much more easily.
Just testing, i hope its valid my entry
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  • #645
  • Dec 18, 2018 4:36am Dec 18, 2018 4:36am
Quoting VictorFaria
{quote} Oh yes i agree, we can be spiked much more easily. Just testing, i hope its valid my entry {image}
No this is all very wrong
  • #646
  • Dec 18, 2018 4:45am Dec 18, 2018 4:45am
Quoting Nala66
{quote} No this is all very wrong
Can you point the reasons?
  • #647
  • Dec 18, 2018 4:55am Dec 18, 2018 4:55am
Quoting VictorFaria
{quote} Can you point the reasons?
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  • #648
  • Dec 18, 2018 4:59am Dec 18, 2018 4:59am
Don't forget what that average is trying to do on the 1 hour.

It looks like the 15 min chart is the one the market is working by at this time.
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  • #649
  • Dec 18, 2018 5:05am Dec 18, 2018 5:05am
Quoting Nala66
{quote} {image}
OK Victor the first yellow line was a hidden divergence but I wouldn't have expected anyone to get that because I haven't spoken about them yet.

So I just popped up the 15 min chart to show it really was a div.

The next one is all wrong because you are comparing the wicks of the bars to the fast RSI. It should always be the pivots of price to the pivots of the slow RSI

The same goes for your third one. You should have been looking there for an RSI divergence.
  • #650
  • Dec 18, 2018 5:07am Dec 18, 2018 5:07am
There is regular bearish div forming on the 15
  • #651
  • Dec 18, 2018 5:16am Dec 18, 2018 5:16am
Now is it going to push through it? This drags that EMA closer on the hour forming an impulse bar.
  • #652
  • Dec 18, 2018 5:21am Dec 18, 2018 5:21am
Quoting Nala66
{quote} OK Victor the first yellow line was a hidden divergence but I wouldn't have expected anyone to get that because I haven't spoken about them yet. So I just popped up the 15 min chart to show it really was a div. The next one is all wrong because you are comparing the wicks of the bars to the fast RSI. It should always be the pivots of price to the pivots of the slow RSI The same goes for your third one. You should have been looking there for an RSI divergence.
Got it Alan, thank you!
  • #653
  • Dec 18, 2018 5:28am Dec 18, 2018 5:28am
We have now covered much more than the 50 pips despite all the setbacks.
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A couple of things here...

A hedge would have save a bit of time.

Don't forget the two bar test for the divs.
  • #654
  • Dec 18, 2018 5:41am Dec 18, 2018 5:41am
And just before I knock off cos I'm tired lets go right back to the beginning of today and ask just how likely is price going to make the 2761?

If the average is going to make the HH of course
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  • #655
  • Dec 18, 2018 5:48am Dec 18, 2018 5:48am
As others pointed out there was the bear div on the hourly, how did you invalidate that? Or did you just keep your stops tight as we are still above the average rsi line
life is a reflection of what we allow ourselves to see
  • #656
  • Dec 18, 2018 5:48am Dec 18, 2018 5:48am
Quoting Nala66
We have now covered much more than the 50 pips despite all the setbacks. {image} A couple of things here... A hedge would have save a bit of time. Don't forget the two bar test for the divs.
Hi Alan,

Since there's no div on the last wave, do you enter on the Bull Support ( as indicted on the arrow) ?

Thanks
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  • #657
  • Edited 8:38am Dec 18, 2018 6:23am | Edited 8:38am
1h Alan's div
Edit: And down it goes!
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  • #658
  • Dec 18, 2018 8:40am Dec 18, 2018 8:40am
M15 Working
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  • #659
  • Dec 18, 2018 8:44am Dec 18, 2018 8:44am
Quoting hocius
1h Alan's div Edit: And down it goes! {image}
Coolz, as what Alan taught, price now hit MA since H1 bearish div.
  • #660
  • Dec 18, 2018 1:12pm Dec 18, 2018 1:12pm
Quoting VictorFaria
M15 Working {image}
That lines are wrong, check this out:
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