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Trading the Cable swings via averages

  • #861
  • Jan 4, 2019 3:51am Jan 4, 2019 3:51am
Quoting Zelias
{quote} Hi all, I'm slightly confused with your Targets: @Riaanvw: what makes you go for the bigger H4 target? As per your photo and the rules set out by Alan it would be enough just to test the H4 EMA. Wouldn't the correct target here be the EMA Swing High on the H1, which is 1.2730, as we're above the H1 EMA? @mikeeating: kind of a similar question. Why go for the target you marked @ 1.2689? I don't think it was ever mentioned that our targets should be EMA swings/pivots in the same direction that our TP is. Or am I misunderstanding something?...
Hi Zelias, I'm not targeting the H4 swing but it is a swing that is there that is why I mentioned it as being the closest swing and if the 4hr swing lines up with the 50 pip target then yes I'll target the 4hr swing then... and yes there are also those other in between swings which are also mentioned but I am mainly trying to target the 50 pips which in this case is in the direction of the closest available swing (be that a 4hr or 1hr swing) or maybe even a higher timeframe ema that might in the way as well.
  • #862
  • Jan 4, 2019 4:16am Jan 4, 2019 4:16am
Thanks guys!
  • #863
  • Jan 4, 2019 4:31am Jan 4, 2019 4:31am
Quoting mikeeating
Well im out at 40 pips, was a good ride, not sure about anyone else but the hardest thing about this great system is trying to resist taking profit!
Nice one, agree yes, that is why I closed at +35 although it has gone the full 50 anyway.
  • #864
  • Jan 4, 2019 4:32am Jan 4, 2019 4:32am
It will probably sell off with NFP
  • #865
  • Jan 4, 2019 4:34am Jan 4, 2019 4:34am
GU has refused to retrace both at 2662 and 2689 and there is no guarantee it will at 2697.

Are we sure GU is not targeting 2800 quietly but firmly?
  • #866
  • Jan 4, 2019 4:59am Jan 4, 2019 4:59am
Quoting Zelias
{quote} Hi all, I'm slightly confused with your Targets: @Riaanvw: what makes you go for the bigger H4 target? As per your photo and the rules set out by Alan it would be enough just to test the H4 EMA. Wouldn't the correct target here be the EMA Swing High on the H1, which is 1.2730, as we're above the H1 EMA? @mikeeating: kind of a similar question. Why go for the target you marked @ 1.2689? I don't think it was ever mentioned that our targets should be EMA swings/pivots in the same direction that our TP is. Or am I misunderstanding something?...

All the TFs have swing averages. H1 happens to be the most convenient and conventional for our System. These averages are our own pivots in the real sense.

As you are aware, The H1 average swings target the next one after conquering the nearest one. If it fails it goes for the next one in the opposite direction. Failures, of course, create new average swings.

Prices get to these swing averages (pivots) long before the current average gets to the pivot. On my chart, for instance, the H1 average swing hi's are at 2662, 2684, 2765 and 2808 where the average swing lo's are at 2707, 2731 and 2757. These targets are all authentic.
  • #867
  • Jan 4, 2019 6:03am Jan 4, 2019 6:03am
Quoting Bydyke
{quote} On my chart, for instance, the H1 average swing hi's are at 2662, 2684, 2765 and 2808 where the average swing lo's are at 2707, 2731 and 2757. These targets are all authentic.
I could very well be wrong on this one so forgive me if I am, but aren't many of your lines already broken therefore making them obsolete?

My understanding suggests that only your 2765 and 2808 lines are still in play on the 1H chart.

Again, perhaps it is a misunderstanding on my part.
  • #868
  • Jan 4, 2019 6:16am Jan 4, 2019 6:16am
Quoting simon.says
{quote} I could very well be wrong on this one so forgive me if I am, but aren't many of your lines already broken therefore making them obsolete? My understanding suggests that only your 2765 and 2808 lines are still in play on the 1H chart. Again, perhaps it is a misunderstanding on my part.

They are not obsolete at all. They remain relevant as PA moves up and down across these prices whether today or in the future. Yes, with what D1 printed yesterday, GU is expected to be very bullish. So, 2765 and 2808 are still in play. But who says that 2648 and 2632 that are below are out of it.

Our interest as traders is to use these pivots to our advantage. We know that prices will be drawn to them. So, when it happens, we watch closely. What the PA does from here whether up or down will then determine our action.
  • #869
  • Jan 4, 2019 10:49am Jan 4, 2019 10:49am
Quoting Zelias
{quote} Hi all, I'm slightly confused with your Targets: @Riaanvw: what makes you go for the bigger H4 target? As per your photo and the rules set out by Alan it would be enough just to test the H4 EMA. Wouldn't the correct target here be the EMA Swing High on the H1, which is 1.2730, as we're above the H1 EMA? @mikeeating: kind of a similar question. Why go for the target you marked @ 1.2689? I don't think it was ever mentioned that our targets should be EMA swings/pivots in the same direction that our TP is. Or am I misunderstanding something?...
1.2730 HIT

Enjoy the weekend.
  • #870
  • Jan 7, 2019 12:39am Jan 7, 2019 12:39am
everything looking bullish to me not sure if anyone see's anything different........
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life is a reflection of what we allow ourselves to see
  • #871
  • Jan 7, 2019 12:44am Jan 7, 2019 12:44am
Mike

Agree. Looks like a bearish divergence starting to form on the H1 - will wait to see what the next 15 min brings
  • #872
  • Jan 7, 2019 12:48am Jan 7, 2019 12:48am
seems to be banging its head on 1.27485

maybe down to 1.27231 25 pips below
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life is a reflection of what we allow ourselves to see
  • #873
  • Jan 7, 2019 12:54am Jan 7, 2019 12:54am
I prefer to see the H1 divergence at more extreme values than what is showing at the moment.
  • #874
  • Jan 7, 2019 1:30am Jan 7, 2019 1:30am
Morning all.
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  • #875
  • Jan 7, 2019 3:57am Jan 7, 2019 3:57am
I've been reading the past posts for sometime now, but I am still not skillful in H1 on determining which direction the price or ema will be heading, I hope someone here can enlighten me here.

do we consider only on extreme div on average levels only on H1 ?

When ema is in-between 2 average levels, how to determine which one will it breaks?
  • #876
  • Jan 7, 2019 4:19am Jan 7, 2019 4:19am
Looks like price struggling to pull ema up, if it fails I wonder if we will have shorts later this week to test those lower hourly's. Anything can happen I guess!
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life is a reflection of what we allow ourselves to see
  • #877
  • Jan 7, 2019 4:24am Jan 7, 2019 4:24am
I keep marking those 5min levels on another chart, seems to be helpful when watching for turning points
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life is a reflection of what we allow ourselves to see
  • #878
  • Jan 7, 2019 4:25am Jan 7, 2019 4:25am
Quoting mickmack5
but I am still not skillful in H1 on determining which direction the price or ema will be heading,
Neither am I!
life is a reflection of what we allow ourselves to see
  • #879
  • Jan 7, 2019 4:59am Jan 7, 2019 4:59am
Break even
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  • #880
  • Jan 7, 2019 9:04am Jan 7, 2019 9:04am
Hi Guys I just got home and it is 1am.

I have just read all the posts made since my absence and will post comments tomorrow when I get the chance. I have noted the posts where folks seem to be having problems and will address those issues.

Just popped in to wish all and your families the joy of peace, happiness and prosperity for the year ahead.

I am really pleased to see people helping each other and by doing so they are actually helping themselves because when we commit to writing something we gain a deeper understanding of what we are trying to say. If we write enough then we can become an authority on the subjects.

Anyway off to bed now, had a long drive and a big cleanup day when I awake. Wednesdays London session I will be at a 21st birthday so I probably won't be trading until Thursdays session.

Have a great years trading guys looking forwards to making you all Forexianaires.

Alan
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