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. {image}
Trading the Cable swings via averages
- #2,641
- Apr 2, 2019 6:06am Apr 2, 2019 6:06am
- | Joined Sep 2009 | Status: Trader | 1,425 Posts
- #2,642
- Apr 2, 2019 6:18am Apr 2, 2019 6:18am
- Joined Mar 2016 | Status: Trader | 6,379 Posts
{quote} Thx Alan for your time and strategy, but could you please explain why you took that first entry long. At that point i was looking to get in short and i believe i wasn't the only one
Then there was another bull div which I did not take but then I did the third one.
A funny thing about regular recurring divs like this is that price will generally return to the first incidence at least.
- #2,649
- Apr 2, 2019 7:04am Apr 2, 2019 7:04am
- | Joined Sep 2009 | Status: Trader | 1,425 Posts
to be correct i should have hedged my first entry short, isn't it?
So overnight I see the bears failed to find support on the daily (so far) and the 4hour. On the Daily it bounced off the 50% ABCD a couple of days ago. On the 4H it bounced off the 50% ABCD Stopping the further fall of average on both these charts On the 1H price bounce off the 3009 average stopping the average making the 3040 average. So that was a failed LL so we look for the success of a HH average. The question for today.. 1) Is whether the daily bear support is going to hold or not as it is just below the EMA at the close. 2) Are the bulls...
{quote} David can you show me your 4 hour I want to see if it matches mine for closes. On your daily chart it looks like price fell a tad short of the yellow 50% yet on my chart it was a touch?
