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Trading the Cable swings via averages

  • #1,941
  • Feb 20, 2019 3:17am Feb 20, 2019 3:17am
Come in spinner... another continuation div here and hopefully it goes long to get us over that EMA
  • #1,942
  • Feb 20, 2019 3:22am Feb 20, 2019 3:22am
woohooo hit the 50%, move stop to lock in 5 pips
  • #1,943
  • Feb 20, 2019 3:24am Feb 20, 2019 3:24am
Now looking ahead we want the D target hit and then a new larger ABCD to form just after
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  • #1,944
  • Feb 20, 2019 3:25am Feb 20, 2019 3:25am
Quoting Nala66
woohooo hit the 50%, move stop to lock in 5 pips

I also notice that M30 is trying to obtain a bear support. If it fails, then the bulls are back
  • #1,945
  • Feb 20, 2019 3:29am Feb 20, 2019 3:29am
D is hit, stop moved to the 50%
  • #1,946
  • Feb 20, 2019 3:29am Feb 20, 2019 3:29am
Regular div coming up. Getting ready to hedge
  • #1,947
  • Feb 20, 2019 3:36am Feb 20, 2019 3:36am
Not quite textbook on M30 but time will tell whether this bullish engulfer on M30 is the bear support. The bulls have signalled intent but that bearish engulfer as well as the bearish Alan div on H4 are not so welcoming
  • #1,948
  • Feb 20, 2019 3:53am Feb 20, 2019 3:53am
Well I got 13 pips of profit for a stage 1 trade so that will pay for a loss tomorrow. Going to quit now
  • #1,949
  • Feb 20, 2019 4:03am Feb 20, 2019 4:03am
The M15 bear support printed 30 minutes ago is stll standing firm. That of M30 is also intact as at now. But we keep our fingers crossed. The bulls are having a tough task is wrestling back authority
  • #1,950
  • Feb 20, 2019 4:08am Feb 20, 2019 4:08am
Quoting Nala66
Well I got 13 pips of profit for a stage 1 trade so that will pay for a loss tomorrow. Going to quit now
Thanks for everything Alan, looking forward to learning more!
life is a reflection of what we allow ourselves to see
  • #1,951
  • Feb 20, 2019 4:37am Feb 20, 2019 4:37am
The M5, M15 and M30 rallies are back on track. Eyes now on H1 average at 3014
  • #1,952
  • Feb 20, 2019 4:45am Feb 20, 2019 4:45am
Quoting KevinOwens
Why no one has taken this signal? {image}
Can someone please throw some light on this?
  • #1,953
  • Feb 20, 2019 4:56am Feb 20, 2019 4:56am
So far, 3025 has proved a tough nut for the bears to crack. Won't be surprised if PA goes back upwards from here in order for the bears to gather enough momentum
  • #1,954
  • Feb 20, 2019 5:19am Feb 20, 2019 5:19am
Quoting Bydyke
So far, 3025 has proved a tough nut for the bears to crack. Won't be surprised if PA goes back upwards from here in order for the bears to gather enough momentum
Can easily happen. One of those choppy days where the hedge has become the main trade and now the hedge is hedged.
  • #1,955
  • Feb 20, 2019 5:28am Feb 20, 2019 5:28am
Quoting davidmaree
{quote} Can easily happen. One of those choppy days where the hedge has become the main trade and now the hedge is hedged.

H1 average at 3015 hit in a jiffy. From the last bear supports on both M15 and M30, GU has dropped 37 pips. PA is now at 3025, the erstwhile stumbling block (up from 3011). In effect, that old H1 swing at 3005 is the next target
  • #1,956
  • Feb 20, 2019 5:31am Feb 20, 2019 5:31am
So I traded wrong all day long and I wonder why.

H1 showed neg.div. during the night.
Shouldn't we expect an H1 EMA cross?
It did.

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M5:

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Don't pay attention to my current position on the pics. I just want my money back
Trading S/R with PA only. No indicators anymore!
  • #1,957
  • Feb 20, 2019 5:50am Feb 20, 2019 5:50am
Quoting Jazz1964
So I traded wrong all day long and I wonder why. H1 showed neg.div. during the night. Shouldn't we expect an H1 EMA cross? It did. {image} M5: {image} Don't pay attention to my current position on the pics. I just want my money back

Hope you recognise that GU is bearish at the moment. M5, M15 and M30 are all on a bearish run. Infact, within the next 10 minutes, we will know if H1 has joined them
  • #1,958
  • Feb 20, 2019 6:32am Feb 20, 2019 6:32am
M30 is now printing a proper bear support. Let's see whether it plays out
  • #1,959
  • Feb 20, 2019 6:49am Feb 20, 2019 6:49am
This is the 5th test of the bull support by the bears and they haven't broken it yet
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  • #1,960
  • Feb 20, 2019 7:01am Feb 20, 2019 7:01am
Quoting KevinOwens
Why no one has taken this signal? {image}
Sorry I thought we had covered that one.
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