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Trading the Cable swings via averages

  • #3,121
  • May 21, 2019 4:20am May 21, 2019 4:20am
Don't much care for news myself, I wouldn't be able to make sense of it anyway.

This is a very slow market probably due to the holding pattern.

Would have expected this 1H target to have been hit by now.
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  • #3,122
  • May 21, 2019 5:12am May 21, 2019 5:12am
Quoting Nala66
Don't much care for news myself, I wouldn't be able to make sense of it anyway. This is a very slow market probably due to the holding pattern. Would have expected this 1H target to have been hit by now. {image}
I am waiting for H1 price to hit target ABCD pattern first then swing low level. Cheers
  • #3,123
  • May 22, 2019 2:19am May 22, 2019 2:19am
Quoting quangvision
{quote} I am waiting for H1 price to hit target ABCD pattern first then swing low level. Cheers
I think it hit the target yesterday because when I checked I found I had the drawing wrong.
  • #3,124
  • May 22, 2019 2:21am May 22, 2019 2:21am
Today we see the daily making the LL of the average, as predicted.

And price has just hit the AB = CD
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  • #3,125
  • May 22, 2019 2:31am May 22, 2019 2:31am
Quoting Nala66
{quote} I think it hit the target yesterday because when I checked I found I had the drawing wrong.
Scratch this.. I am confusing myself now.

My 1H looks like this now.
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  • #3,126
  • May 22, 2019 2:38am May 22, 2019 2:38am
Quoting Nala66
{quote} Scratch this.. I am confusing myself now. My 1H looks like this now. {image}
I am curious when and why you write the "A" the 'B" and the "C" on your chart as it looks like you don't write them at the same time.
Trading S/R with PA only. No indicators anymore!
  • #3,127
  • May 22, 2019 3:10am May 22, 2019 3:10am
So Jazz, tell me, why didn't you short the market?
Yes the move was a few bars before you entered your machine. Lazy cow.
And you say you didn't see the divergence on M5. Does it have to diverge, Jazz?
Isn't it enough to see the white charts H1 H4 in big down trend, the H1 price at its EMA with a two bar break?
Jazz??
Trading S/R with PA only. No indicators anymore!
  • #3,128
  • May 22, 2019 4:58am May 22, 2019 4:58am
Same story here Jazz
  • #3,129
  • May 22, 2019 5:03am May 22, 2019 5:03am
Quoting priyank20
Same story here Jazz
I entered longs at 1 hr Div. added after 5 pips. now stops at BE+1. Price not able to cross 5 min ema
  • #3,130
  • May 22, 2019 5:08am May 22, 2019 5:08am
Quoting Jazz1964
{quote} I am curious when and why you write the "A" the 'B" and the "C" on your chart as it looks like you don't write them at the same time.
I just leave them anywhere so I can quickly drag them for explanations
  • #3,131
  • May 22, 2019 5:11am May 22, 2019 5:11am
Quoting Jazz1964
So Jazz, tell me, why didn't you short the market? Yes the move was a few bars before you entered your machine. Lazy cow. And you say you didn't see the divergence on M5. Does it have to diverge, Jazz? Isn't it enough to see the white charts H1 H4 in big down trend, the H1 price at its EMA with a two bar break? Jazz??
I missed the short also so don't feel too bad. We can't catch them all. Unless we hire a cute secretary to watch the markets for us....Now there's a thought
  • #3,132
  • May 22, 2019 6:18am May 22, 2019 6:18am
Got ya 40 pips
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Trading S/R with PA only. No indicators anymore!
  • #3,133
  • May 22, 2019 6:46am May 22, 2019 6:46am
Quoting Jazz1964
Got ya 40 pips {image}
Very beautiful Jazz congrat.
I have some questions about this trade u took.
Correct me if im wrong, just practicing in hindsight...
(ABCD patter have A and C in the same side of the EMA so maybe not valid or as valid as urs? )

Here is my idea (AT ZOO 50% its sell trade, where u took it also i forgott to wirte it on pic)
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  • #3,134
  • May 22, 2019 6:58am May 22, 2019 6:58am
Quoting Jazz1964
Got ya 40 pips {image}
Not drawn correctly Jazz
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  • #3,135
  • May 22, 2019 7:02am May 22, 2019 7:02am
Quoting Nala66
{quote} Not drawn correctly Jazz {image}
So mine is also incorrect?
Why?
Because what u explain me about being A and C in the same side of the EMA??
  • #3,136
  • May 22, 2019 7:03am May 22, 2019 7:03am
Keep an eye on those average targets
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  • #3,137
  • May 22, 2019 7:06am May 22, 2019 7:06am
2643 was an H4 isn't it. I don't have it on H1
Trading S/R with PA only. No indicators anymore!
  • #3,138
  • May 22, 2019 7:06am May 22, 2019 7:06am
Quoting witowito
{quote} So mine is also incorrect? Why? Because what u explain me about being A and C in the same side of the EMA??
No that is not what I am saying . Jazz has selected the A pivot but that is not the one under attack from C. The one I have shown in yellow is the pivot under attack from C.

Yours made the 50% level remember.
  • #3,139
  • May 22, 2019 7:11am May 22, 2019 7:11am
Quoting Jazz1964
2643 was an H4 isn't it. I don't have it on H1
Nor do I jazz so I simply copied it from the 1 hour white chart.

I find the white chart great for keeping these historical records... Good on ya Mr Magnet.
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  • #3,140
  • May 22, 2019 8:10am May 22, 2019 8:10am
Quoting Nala66
{quote} Not drawn correctly Jazz {image}
Hi Alan,
What does you mean by drawing pink lines? They are not attacking pivot and attacked pivot, right?
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