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Trading the Cable swings via averages

  • #2,621
  • Edited 1:33am Apr 2, 2019 1:23am | Edited 1:33am
Three stages of shorts at 1.3083 (5 min OB at 1hr EMA level), 1.3075 (2 bar test) and 1.3072 (felt right), currently hedged at 1.3047 because of OS 5 min.
  • #2,622
  • Apr 2, 2019 1:28am Apr 2, 2019 1:28am
There was an HD at 8:10 but 1hr EMA level was beyond 10 pips so left it.
  • #2,623
  • Apr 2, 2019 1:35am Apr 2, 2019 1:35am
H4 MA's forming LH & LL. Bears found support below EMA.
Attached Image (click to enlarge)
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H1 same situation as H4
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Shame I was too late at my screens to get in a trade
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Let's see if I can get in
Trading S/R with PA only. No indicators anymore!
  • #2,624
  • Apr 2, 2019 1:43am Apr 2, 2019 1:43am
this in play?
Attached Image (click to enlarge)
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  • #2,625
  • Apr 2, 2019 1:49am Apr 2, 2019 1:49am
i was in @ 30489, to be at +8 and stopped out for 1. Wonder where you guys have your sl?
  • #2,626
  • Apr 2, 2019 1:51am Apr 2, 2019 1:51am
Quoting huskyboy
this in play? {image}
Looks good to me but I am not a Pro
Trading S/R with PA only. No indicators anymore!
  • #2,627
  • Apr 2, 2019 1:55am Apr 2, 2019 1:55am
Quoting huskyboy
i was in @ 30489, to be at +8 and stopped out for 1. Wonder where you guys have your sl?

Alan explains stops with a chart here (https://www.forexfactory.com/showthr...2#post11755932).
  • #2,628
  • Apr 2, 2019 1:57am Apr 2, 2019 1:57am
thx David
  • #2,629
  • Edited 2:43am Apr 2, 2019 2:30am | Edited 2:43am
Target hit. May even reach 3021 (5 min EMA swing low).
  • #2,630
  • Apr 2, 2019 2:43am Apr 2, 2019 2:43am
didn't succeed, kept chasing price.
  • #2,631
  • Apr 2, 2019 2:47am Apr 2, 2019 2:47am
Quoting huskyboy
didn't succeed, kept chasing price.
Your entry was very late. Suggest you go through Alan's posts on this thread until you get a handle on this.
  • #2,632
  • Apr 2, 2019 2:57am Apr 2, 2019 2:57am
Thx David, i am following this thread from day one and yes missed the entry Jazz pointed out. Thats not following the rule that it all starts at bar 108. Looking for a new change to get in now. Is H1 turning bullish? Bullish rsi/rsi forming it seems.
  • #2,633
  • Apr 2, 2019 3:11am Apr 2, 2019 3:11am
Quoting huskyboy
Thx David, i am following this thread from day one and yes missed the entry Jazz pointed out. Thats not following the rule that it all starts at bar 108. Looking for a new change to get in now. Is H1 turning bullish? Bullish rsi/rsi forming it seems.
Bar 108 is not a rule but just an indication of when volatility generally picks up. You are correct about bullish regular divergence on the previous 1H bar.
  • #2,634
  • Apr 2, 2019 3:27am Apr 2, 2019 3:27am
Though "Bullish" is not before the bulls found support above the MA.
Trading S/R with PA only. No indicators anymore!
  • #2,635
  • Apr 2, 2019 3:35am Apr 2, 2019 3:35am
Quoting Jazz1964
Though "Bullish" is not before the bulls found support above the MA.
Jazz, learning this stuff, didn't it start with a hedge in the reg div M5 09.30 bar, retraced to ema and then the new hourly bar was set with a rsirsi div
  • #2,636
  • Apr 2, 2019 3:36am Apr 2, 2019 3:36am
Be carefull for bull. Still below EMA on daily, H4, and H1.
  • #2,637
  • Apr 2, 2019 3:38am Apr 2, 2019 3:38am
Quoting Gilaforex13
Be carefull for bull. Still below EMA on daily, H4, and H1.
closed around H1 ema
  • #2,638
  • Apr 2, 2019 5:16am Apr 2, 2019 5:16am
I see you guys are shorting. I have taken three trades and done now all were longs based on the 5 min divs.

trade 1 was hopeless stopped out for BE
Trade 2 = 40 pips
Trade 3 = 30 pips.
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  • #2,639
  • Apr 2, 2019 5:19am Apr 2, 2019 5:19am
The 1 hour is sitting on the average
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  • #2,640
  • Apr 2, 2019 5:55am Apr 2, 2019 5:55am
Notice on the 4 hour chart Jazz posted price has already found bear support.

Then look at my chart below and see how it has not found support.

This is because different brokers close the 4 h at different times, up to two hours difference.
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