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Trading the Cable swings via averages

  • #2,101
  • Feb 26, 2019 1:43am Feb 26, 2019 1:43am
Missed that long (you have taken) in the morning and took that short, could have won 10 pips, but got greedy, at least b/e.
PS today is brexit news day, thus would be rather careful about the pound pairs.
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  • #2,102
  • Feb 26, 2019 2:03am Feb 26, 2019 2:03am
I hope GU would pullback now to EMA M5 for extra long entries. Come on bulls, wide open space upward coming on H4
  • #2,103
  • Feb 26, 2019 2:22am Feb 26, 2019 2:22am
Quoting quangvision
I hope GU would pullback now to EMA M5 for extra long entries. Come on bulls, wide open space upward coming on H4
Next target on H4 1.31815. Cheers
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  • #2,104
  • Feb 26, 2019 2:40am Feb 26, 2019 2:40am
Quoting quangvision
{quote} Next target on H4 1.31815. Cheers
H4 measured move is here at 3176
and that target fits me better cos of the H4 EMA high at the same 3176

Attached Image (click to enlarge)
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Trading S/R with PA only. No indicators anymore!
  • #2,105
  • Feb 26, 2019 3:21am Feb 26, 2019 3:21am
Are we there yet?

Looks to me like the next 4 hour bar is the one to make.... Maybe
  • #2,106
  • Feb 26, 2019 3:24am Feb 26, 2019 3:24am
Quoting Nala66
Are we there yet?
not at the targets which are mentioned, but H1 EMA high @3162 seems resistance.

M5 EMA still painting higher. Bears did not find support below it.
Trading S/R with PA only. No indicators anymore!
  • #2,107
  • Feb 26, 2019 3:29am Feb 26, 2019 3:29am
On a side note, the 'lost' I was last week, the clear it is reading charts this week. Important guidance offers the white MTF chart (Alan's style) on a separate screen, shown a couple of posts above here.
It helps to trade EMA trends and keeps me from trading all divergences. Remember FXMars's quote from last Friday.
Trading S/R with PA only. No indicators anymore!
  • #2,108
  • Feb 26, 2019 3:51am Feb 26, 2019 3:51am
Are we there yet 3177.

Note there is a higher target on the daily at 3250
  • #2,109
  • Feb 26, 2019 3:54am Feb 26, 2019 3:54am
7 minutes left to make 5 pips...c'mon
  • #2,110
  • Feb 26, 2019 3:58am Feb 26, 2019 3:58am
Are we there yet...yes we are. Exciting stuff this trading lark hey!
  • #2,111
  • Feb 26, 2019 3:59am Feb 26, 2019 3:59am
sweet
  • #2,112
  • Feb 26, 2019 4:02am Feb 26, 2019 4:02am
Happy.
Still criticizing myself, I took the Long at the bottom and rode it to the target.
But I should have taken hedges, isn't it.
Trading S/R with PA only. No indicators anymore!
  • #2,113
  • Feb 26, 2019 4:03am Feb 26, 2019 4:03am
Darn it the 5 min pushed itself into divergence, let's hope it can push through it.
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  • #2,114
  • Feb 26, 2019 4:05am Feb 26, 2019 4:05am
Yes it made it and pushed through, that daily 3250 looks nice now
  • #2,115
  • Feb 26, 2019 4:06am Feb 26, 2019 4:06am
A small pullback to the 5m EMA then off we go long again. My Daily target is 3263
  • #2,116
  • Feb 26, 2019 4:06am Feb 26, 2019 4:06am
Quoting quangvision
{quote} Next target on H4 1.31815. Cheers {image}
Done, now coming up to Daily TP. I am so much done for today trades.
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  • #2,117
  • Feb 26, 2019 4:06am Feb 26, 2019 4:06am
Seeing we've hit the target, maybe you guys can help me with this continuation divergence pivot issue I can't seem to get my head around?
  • #2,118
  • Feb 26, 2019 4:08am Feb 26, 2019 4:08am
Quoting Jazz1964
Happy. Still criticizing myself, I took the Long at the bottom and rode it to the target. But I should have taken hedges, isn't it.
Don't beat yourself up. Remember how long it took you to be an astronaut.
  • #2,119
  • Feb 26, 2019 4:08am Feb 26, 2019 4:08am
Quoting Nala66
Darn it the 5 min pushed itself into divergence, let's hope it can push through it. {image}
What could you do with these situations? Close current long trade and open hedge?
  • #2,120
  • Feb 26, 2019 4:09am Feb 26, 2019 4:09am
Quoting simon.says
{quote} Hey, I will try to give you an answer. In the attached photo I have marked three different pivots. When you are drawing your ABC triangles you have to make sure that you are not jumping over one to make the line "fit". So using the photo as an illustration, if we begin looking at the top, then our line has to be matched with number 1, not number 2 or 3. If you are drawing it from number 1, then number 2 would be correct and so on. {image}
Thank you so much for the explanation but I am still pretty confused. I thought it was the divergence distance that defines the AB line?
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