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Trading the Cable swings via averages

  • #3,061
  • May 14, 2019 1:37am May 14, 2019 1:37am
Darn it stopped out for BE
  • #3,062
  • May 14, 2019 1:43am May 14, 2019 1:43am
Quoting Nala66
Darn it stopped out for BE
Nice, which exact point you got entered and what point you out for BE?
  • #3,063
  • May 14, 2019 1:48am May 14, 2019 1:48am
The bull divergence on the hour would suggest the bulls are going to try and stop the average dropping much lower
  • #3,064
  • May 14, 2019 1:52am May 14, 2019 1:52am
Quoting quangvision
{quote} Nice, which exact point you got entered and what point you out for BE?
On the 5 min took the con div
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  • #3,065
  • May 14, 2019 1:56am May 14, 2019 1:56am
Quoting Nala66
2931 short and I am done for the day
2931 was your sell target or entry point?
  • #3,066
  • May 14, 2019 1:59am May 14, 2019 1:59am
Quoting quangvision
{quote} 2931 was your sell target or entry point?
Target....It couldn't be an entry because it didn't get there
  • #3,067
  • May 14, 2019 2:02am May 14, 2019 2:02am
Quoting Nala66
{quote} Target....It couldn't be an entry because it didn't get there
Ok, just trying to figure out how tied your stop loss was to get BE
  • #3,068
  • May 14, 2019 2:03am May 14, 2019 2:03am
I want 2938 now
  • #3,069
  • May 14, 2019 2:15am May 14, 2019 2:15am
Stopped out at BE again. I only want 8 pips but it is proving hard to get. I will come back later.
  • #3,070
  • May 14, 2019 2:18am May 14, 2019 2:18am
Quoting quangvision
{quote} Ok, just trying to figure out how tied your stop loss was to get BE
I always move it to BE when I get in profit. That is to say when I get a close in profit.
  • #3,071
  • May 14, 2019 2:28am May 14, 2019 2:28am
Quoting Nala66
{quote} I always move it to BE when I get in profit. That is to say when I get a close in profit.
I can see you are moving SL to BE with just few positive pips
  • #3,072
  • May 14, 2019 2:40am May 14, 2019 2:40am
So close that time may .ooooo1 pips away
  • #3,073
  • May 14, 2019 2:42am May 14, 2019 2:42am
My target is 29516
Stop at BE 29431
  • #3,074
  • May 14, 2019 2:55am May 14, 2019 2:55am
And as I return from my coffee break I see I am done and dusted for today.
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  • #3,075
  • May 14, 2019 3:00am May 14, 2019 3:00am
Generally I only watch the trade until I get the stop to BE from then on it either makes what I want or it doesn't.

Of course when wanting the bigger pips one has to keep an eye out for possible retraces.
  • #3,076
  • May 14, 2019 3:03am May 14, 2019 3:03am
Quoting quangvision
{quote} I can see you are moving SL to BE with just few positive pips
I am trading at AUD$25 a pip so yes I keep those stops as tight as a ducks bum.
  • #3,077
  • Edited 10:35am May 15, 2019 9:25am | Edited 10:35am
After breaking the 2900 average swing level, price headed down to test 2813 average swing level.
I really did not spot any divergences on the 5 minute chart to validate a short entry.
There's probably something I missed on the chart... Anybody seen a valid entry today?
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  • #3,078
  • May 15, 2019 11:13am May 15, 2019 11:13am
The first divergence was very tiny. You could very easily miss it. H1 was at the 26EMA
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Price Action Lives Here
  • #3,079
  • May 15, 2019 3:03pm May 15, 2019 3:03pm
i missed the textbook small div just after the 108 opening, and later i was very surptrised to saw the Monthly/Weekly 0-A-B-C Flat Pattern ussually seen on long term Stocks/index Charts, and just waited to learn the reaction on small timeframes.

failed to get any entry today in time but was a day to learn to me XD.

The arrows are just the subjacent direction based on RSI oversold/bought and divergences around ZOOs, and the blue vertical lines are the point at wich a signal is completed.

and of course i can be veeeeeeeeery wrong xD
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  • #3,080
  • May 15, 2019 3:51pm May 15, 2019 3:51pm
Quoting Halalisani1
The first divergence was very tiny. You could very easily miss it. H1 was at the 26EMA {image}
Thank you for that!
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