Trading the Cable swings via averages | Page 143 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Identifying Market Swings - Medium and Long Term Trading 619 replies

Trading With Moving Averages 72 replies

Moving Averages Zone Trading 10 replies

HELP! GMMA (Guppy's Multi-Moving Averages) Trading Mehod 3 replies

Via indicator: trading xxxyyy via zzz 0 replies

Attachments: Trading the Cable swings via averages
Exit Attachments

Trading the Cable swings via averages

  • #2,841
  • Apr 11, 2019 2:51am Apr 11, 2019 2:51am
Quoting Nala66
{quote} Better if you state why you went short so we can see the reasoning behind it. Something like this {image}
Alan

sorry, just saw this one.....I did not use your method to get in.....I just shorted the previous hourly candle high, it was a range bar and made sense to me shorting the high of that range......I have not read and understood your system yet.....only read the first 6 pages....
trading is simple but is simple is not easy.
  • #2,842
  • Apr 11, 2019 2:54am Apr 11, 2019 2:54am
Quoting ZenNy
{quote} Alan sorry, just saw this one.....I did not use your method to get in.....I just shorted the previous hourly candle high, it was a range bar and made sense to me shorting the high of that range......I have not read and understood your system yet.....only read the first 6 pages....
No worries
  • #2,843
  • Apr 11, 2019 3:00am Apr 11, 2019 3:00am
Breaking through this 1.31 barrier is proving to be a tough nut to crack.
  • #2,844
  • Apr 11, 2019 3:28am Apr 11, 2019 3:28am
Quoting Nala66
Breaking through this 1.31 barrier is proving to be a tough nut to crack.
Hi Alan, you got any trade executed for today yet?
  • #2,845
  • Apr 11, 2019 3:31am Apr 11, 2019 3:31am
Quoting Nala66
{quote} The hedge is a funny one to apply. If I am 1st and 2nd entry short. My hedge is often 3rd entry long. What this means is the first two trades are locked in plus there is a new 1st entry long, if this starts to pan out I close the shorts for not much profit. In lot size terms the two shorts equal 3 + 6 = 9 short So the hedge is 9 + 3 = 12 long. I still need to get another 6 lots on which I may do at the next hedge. It gets a tad complicated and I think it is better done manually. Good thought though.
What about then if the hedge feature opened 2 market orders and 2 pending orders. Assuming we are long for T1 and T2. 1st order to hedge the longs T1 and T2 entries and the 2nd order to open a short T1 and 2 pending orders for T2 and T3 short. Moving stop commands could be included as well again for the shorts.

Just thinking that the order process could be made into an simple ea trade manager similar to this panel as an example. It would be good if the whole order process could be automated so we could focus on the chart signals and not have to think about lot sizes. Just hit the button and were good to go in the other direction again or take the hedge on or off
Attached Image
  • #2,846
  • Edited 4:14am Apr 11, 2019 3:35am | Edited 4:14am
The H1 guides with an EMA double or triple bottom and made a new high.
The spike down stopped at H1 EMA swing low which was my ZOO
The M5 divergence was the trigger to get in a Long
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 116 KB
Trading S/R with PA only. No indicators anymore!
  • #2,847
  • Apr 11, 2019 3:37am Apr 11, 2019 3:37am
Basically today after Brexit delay I was expecting longs, but market has its own opinion.
Not sure if 1st trade was correct. Took it because market could not go far beyond 1.31lvl and understood that movement as bull rejection at EMA. Target was 1.3087 (ema swing plus D? if that triangle was correct), but left the order, just in case could go further.
2nd trade took bending the rules quite. Before that trade had 1 short also (after the green at london open), since I considered that as price bull rejection again. (closed that trade at -5). Thus re-took that trade when market rejected 1.31 and also EMA. I believe that rejection need only 1? candle, that rejection took more, that is why bending rules. Also if 1H triangle is correct price did D/2, rejected thus expecting D/2 on the opposite side (at least)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-m5-international-capital-markets.png Size: 199 KB
Click to Enlarge Name: gbpusd-m5-international-capital-markets4.png Size: 205 KB
Click to Enlarge Name: gbpusd-m5-international-capital-markets5.png Size: 181 KB
  • #2,848
  • Apr 11, 2019 3:57am Apr 11, 2019 3:57am
Quoting forex_dimi
Basically today after Brexit delay I was expecting longs, but market has its own opinion. Not sure if 1st trade was correct. Took it because market could not go far beyond 1.31lvl and understood that movement as bull rejection at EMA. Target was 1.3087 (ema swing plus D? if that triangle was correct), but left the order, just in case could go further. 2nd trade took bending the rules quite. Before that trade had 1 short also (after the green at london open), since I considered that as price bull rejection again. (closed that trade at -5). Thus re-took...
Are you still holding on to your shorts? M5 returning to MA.
  • #2,849
  • Apr 11, 2019 4:09am Apr 11, 2019 4:09am
Quoting quangvision
{quote} Are you still holding on to your shorts? M5 returning to MA.
the 1st one closed at about 10pips the 2nd trade closed at target 1.3060. Now have long (after divergence) and moved my sl to be, but don't expect much from it.
  • #2,850
  • Apr 11, 2019 4:17am Apr 11, 2019 4:17am
Quoting forex_dimi
{quote} the 1st one closed at about 10pips the 2nd trade closed at target 1.3060. Now have long (after divergence) and moved my sl to be, but don't expect much from it.
Pls post your chart with marked positions. I am buying too with much more expectation than yours. Lol
  • #2,851
  • Apr 11, 2019 4:27am Apr 11, 2019 4:27am
Quoting quangvision
{quote} Pls post your chart with marked positions. I am buying too with much more expectation than yours. Lol
Quang, I am far from considered expert. I am posting my trades because I am expecting in any wrong in them, others to criticize them. Because some of them are wins, doesn't mean they are correct too, could be just luck. Thus don't take my orders as correct ones.
My last trade was rather late (should have been taken at about 70lvl), but took it because need only 10pips to close my day and because from other trades had the capability to have a small loose.
Posting the trade, has been closed at 11pips
PS when taking a divergence the target is the EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m5-international-capital-markets-4.png Size: 201 KB
  • #2,852
  • Apr 11, 2019 4:56am Apr 11, 2019 4:56am
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
  • #2,853
  • Apr 11, 2019 5:38am Apr 11, 2019 5:38am
Quoting Jazz1964
The H1 guides with an EMA double or triple bottom and made a new high. The spike down stopped at H1 EMA swing low which was my ZOO The M5 divergence was the trigger to get in a Long {image}
Exactly the way to do it...Well done Jazz
  • #2,854
  • Apr 11, 2019 5:50am Apr 11, 2019 5:50am
Quoting quangvision
{quote} Hi Alan, you got any trade executed for today yet?
Yep all done
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
  • #2,855
  • Apr 11, 2019 7:52am Apr 11, 2019 7:52am
3 stage entry
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
  • #2,856
  • Apr 11, 2019 7:58am Apr 11, 2019 7:58am
It just touched the middle of target for AB=CD on 5
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
  • #2,857
  • Apr 11, 2019 1:31pm Apr 11, 2019 1:31pm
AB=CD on 5
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 45 KB
  • #2,858
  • Apr 11, 2019 11:21pm Apr 11, 2019 11:21pm
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 52 KB
  • #2,859
  • Apr 11, 2019 11:51pm Apr 11, 2019 11:51pm
On hourly charts
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 44 KB
  • #2,860
  • Apr 12, 2019 2:23am Apr 12, 2019 2:23am
Quoting priyank20
On hourly charts {image}
Thanks for posting ABCD's those are really helpful, but I am not sure if this one is correct. I would appreciate whether Alan could comment if this is a right one
12 traders viewing now