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Trading the Cable swings via averages

  • #3,041
  • May 10, 2019 7:52am May 10, 2019 7:52am
Sorry but it's good to see that everybody's having the same problem as I do!
  • #3,042
  • May 11, 2019 2:32am May 11, 2019 2:32am
Morning Folks,

Can't contribute much to the trading as still on a big learning curve however I have found the following utility useful when looking back at the charts. It syncs two or more charts to the same time. eg drop it onto the 5M and 1H and as you move one the other syncs to that point. Useful to see the information on multiple time frames at the one point. Remove it though before trading as it will stop your charts updating properly. Hope it proves useful to anyone

Cheers...Des

Attached File(s)
File Type: ex4 SyncScroll.ex4   122 KB | 260 downloads
  • #3,043
  • May 13, 2019 1:53am May 13, 2019 1:53am
price looks likes its trying to break the 1 hour average swing level... Im looking for longs anyway to start
life is a reflection of what we allow ourselves to see
  • #3,044
  • May 13, 2019 2:17am May 13, 2019 2:17am
Quoting mikeeating
price looks likes its trying to break the 1 hour average swing level... Im looking for longs anyway to start
Also bouncing off round number 1.3000.
  • #3,045
  • May 13, 2019 2:50am May 13, 2019 2:50am
The humps and bumps are too small for me to get interested. Only a few pips in the moves.
  • #3,046
  • May 13, 2019 11:46am May 13, 2019 11:46am
Quoting mikeeating
price looks likes its trying to break the 1 hour average swing level... Im looking for longs anyway to start
Hello Mike. May I ask what made you look for longs today? H1 was below the EMA around the time of bar 108 and I would have been looking for shorts.
Price Action Lives Here
  • #3,047
  • May 13, 2019 4:42pm May 13, 2019 4:42pm
Quoting Halalisani1
{quote} Hello Mike. May I ask what made you look for longs today? H1 was below the EMA around the time of bar 108 and I would have been looking for shorts.
you are right, I have trouble picking initial direction when 1 hour price is that close to ema so I scalp and hedge an initial entry till I find support
life is a reflection of what we allow ourselves to see
  • #3,048
  • May 14, 2019 12:48am May 14, 2019 12:48am
Well would you look at that. I had actually forgotten all about this 1 hour target.

Goes to show the market always remembers.
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  • #3,049
  • May 14, 2019 1:24am May 14, 2019 1:24am
There is another old H1 target
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 130 KB
Trading S/R with PA only. No indicators anymore!
  • #3,050
  • May 14, 2019 2:28am May 14, 2019 2:28am
Quoting Jazz1964
There is another old H1 target {image}
G'Day Jazz, the thing with that one is that both pivots are on the same side of the EMA and I don't like those..

Still it may still go for that as the 4 hour is trying to break through a div at this time.
  • #3,051
  • May 14, 2019 2:29am May 14, 2019 2:29am
I just closed for 22 pips because I see a bull div on the hour.
  • #3,052
  • May 14, 2019 2:30am May 14, 2019 2:30am
Okay thank you Alan.
The point is though the target will always be reached one day!
That H4 div is there indeed!
Trading S/R with PA only. No indicators anymore!
  • #3,053
  • May 14, 2019 2:50am May 14, 2019 2:50am
Quoting Jazz1964
Okay thank you Alan. The point is though the target will always be reached one day! That H4 div is there indeed!
Looks to me like the 1 hour was trying for the 2921 average
  • #3,054
  • May 14, 2019 2:53am May 14, 2019 2:53am
Just checked my measurement and that was 2922 which it hit.
  • #3,055
  • May 14, 2019 2:58am May 14, 2019 2:58am
2937 for another ten pips????????????
  • #3,056
  • May 14, 2019 2:58am May 14, 2019 2:58am
yes bingo
  • #3,057
  • May 14, 2019 3:09am May 14, 2019 3:09am
You are good!
Trading S/R with PA only. No indicators anymore!
  • #3,058
  • May 14, 2019 3:11am May 14, 2019 3:11am
and now chasing 10 pips down from the M5 cont div?
Trading S/R with PA only. No indicators anymore!
  • #3,059
  • May 14, 2019 3:20am May 14, 2019 3:20am
Quoting Jazz1964
and now chasing 10 pips down from the M5 cont div?
See I don't do that because they are on the same side of the EMA
  • #3,060
  • May 14, 2019 3:35am May 14, 2019 3:35am
2931 short and I am done for the day
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