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Trading the Cable swings via averages

  • #1,541
  • Feb 4, 2019 6:51am Feb 4, 2019 6:51am
Quoting davidmaree
{quote} Very nice Alan. I still have one playing out from Friday too. {image} My trades today. Still making mistakes but the strong trend after London open was forgiving. The hedge also helped make up for the earlier stop outs. {image}
Cor Blimey you are reading the chart like a pro..

We have another on the 5 min but it is having trouble going short at the 50% level

I am done now anyway and off to bed.
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  • #1,542
  • Feb 4, 2019 6:58am Feb 4, 2019 6:58am
Quoting davidmaree
{quote} Perhaps I can annoy Alan by jumping in here . Notice how peak C was lower than A in Alan's chart, but the RSI was in divergence. Therefore, this is a bearish ABCD (target at D) and PA going long is the "wrong way".
Absolutely correct
  • #1,543
  • Feb 4, 2019 7:01am Feb 4, 2019 7:01am
Quoting davidmaree
{quote} Perhaps I can annoy Alan by jumping in here . Notice how peak C was lower than A in Alan's chart, but the RSI was in divergence. Therefore, this is a bearish ABCD (target at D) and PA going long is the "wrong way".
Thank you kindly for such a polite resposne. Most of the members on this site are so rude when a person asks a question. I guess now Alan will have to figure out how to identify when the PA will go the wrong way before it does so.
6ix9ine - Bebe
  • #1,544
  • Feb 4, 2019 7:22am Feb 4, 2019 7:22am
Quoting 6ix9ine
{quote} Thank you kindly for such a polite resposne. Most of the members on this site are so rude when a person asks a question. I guess now Alan will have to figure out how to identify when the PA will go the wrong way before it does so.
The great thing about Alan's system is that is doesn't matter if PA goes against you because you keep the losses tiny and the reward huge. Combine the tools that have been provided and the odds are stacked immensely in your favour.
  • #1,545
  • Feb 4, 2019 8:06am Feb 4, 2019 8:06am
Quoting davidmaree
{quote} My trades today.
Hi David,

I would like to know why you hedged(out) the two encircled areas. Is it correct that the Hedge had to do with the low RSI and the HedgeOut was taken because it hit the EMA?
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  • #1,546
  • Feb 4, 2019 8:16am Feb 4, 2019 8:16am
Quoting simon.says
{quote} Hi David, I would like to know why you hedged(out) the two encircled areas. Is it correct that the Hedge had to do with the low RSI and the HedgeOut was taken because it hit the EMA? {image}
I guess the hedge was because the fast RSI crossed the slow RSI, and the hedge out was because of the RSI bearish div. David could correct me if I'm wrong.
  • #1,547
  • Feb 4, 2019 9:18am Feb 4, 2019 9:18am
Took these on a HD
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  • #1,548
  • Feb 4, 2019 9:18am Feb 4, 2019 9:18am
for a quick 40 pips
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  • #1,549
  • Feb 4, 2019 9:19am Feb 4, 2019 9:19am
Nice HD on the 1hr at a 1hr ema swing low level
  • #1,550
  • Feb 4, 2019 9:40am Feb 4, 2019 9:40am
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  • #1,551
  • Feb 4, 2019 10:59am Feb 4, 2019 10:59am
One trade today (basically 2), no hedging. Missed the morning long, waited London open, price tried to go up and failed. I was also watching the 1hour rectangles as marked in the chart (I think that was divergence). In the 2nd trade was watching divergence, but also saw that price rejected 26ema in 5min (I think was also watching price in my favor in the other tf's but not so sure)
I think that the first trade might have been little late for a couple of pips.
Had no time thus didn't take any other trades.
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  • #1,552
  • Feb 4, 2019 4:20pm Feb 4, 2019 4:20pm
Quoting simon.says
{quote} Hi David, I would like to know why you hedged(out) the two encircled areas. Is it correct that the Hedge had to do with the low RSI and the HedgeOut was taken because it hit the EMA? {image}
Spot on. For the hedge entry I felt that after the bullish candle had completed the bears were done for the moment. Alternatively, a "safer" entry could have been 2 candles on after a 2-bar test.
  • #1,553
  • Feb 4, 2019 4:23pm Feb 4, 2019 4:23pm
Quoting hocius
{quote} I guess the hedge was because the fast RSI crossed the slow RSI, and the hedge out was because of the RSI bearish div. David could correct me if I'm wrong.
I actually had not noticed the fast RSI crossing but I guess it makes sense with momentum slowing and the first bullish candle after six bearish. Good observation hocius.
  • #1,554
  • Feb 4, 2019 4:49pm Feb 4, 2019 4:49pm
As I wake up I see the 1 hour finally got to the 30357, only took 4 days. (Magenta line)
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  • #1,555
  • Feb 4, 2019 4:55pm Feb 4, 2019 4:55pm
Quoting Nala66
As I wake up I see the 1 hour finally got to the 30357, only took 4 days. (Magenta line) {image}
Good one Alan. I also notice the 5 min you mentioned last night hit its target too.
  • #1,556
  • Feb 4, 2019 4:58pm Feb 4, 2019 4:58pm
Well spotted hidden divs Riaan, I was fast asleep by then.
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  • #1,557
  • Edited 5:52pm Feb 4, 2019 5:31pm | Edited 5:52pm
Quoting davidmaree
{quote} Good one Alan. I also notice the 5 min you mentioned last night hit its target too.
Yes that's correct and I was going to write at the time that this may be that 1 hour push but I forgot. Good job I didn't write that because I would have been wrong because of those 1 hr hidden divs right at the 5 min target.

This is a good example actually of not 'thinking' trades, signals tell the story not what we think may happen.
  • #1,558
  • Feb 4, 2019 10:41pm Feb 4, 2019 10:41pm
This happened a few hours ago and is still running. It doesn't happen all the time and is not as consistent as our volatile GU but it's worth mentioning what our System can do with other pairs.

Cool 130 pips on M5 in a twinkle
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  • #1,559
  • Feb 4, 2019 10:57pm Feb 4, 2019 10:57pm
Hi David,
On your posted chart, I want to ask exact point of your entries. Where text says "entries 1-3", point where trade 1 executed was at close of next green bar.
And where text says "hedge in and out", point where hedge in trade executed was close of next green bar.
I say we must wait for green bar to be closed to see slow RSI making higher lows, otherwise if it was closed as red bar then slow RSI could make lower lows and of course no div then.
Don't you agree?
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  • #1,560
  • Feb 4, 2019 11:10pm Feb 4, 2019 11:10pm
Quoting davidmaree
{quote} The hedge also helped make up for the earlier stop outs. {image}
This has been my biggest hurdle, for the life of me I can never see on the hrly what way it is likely to head and of course I have to assume an entry on the 5 at a divergence which adds to the confusion often getting stopped out....however once I get in and the trade quickly becomes profit I almost never lose thanks to being able to understand where the 5 min levels are and taking hedges at the div signals.
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