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Trading the Cable swings via averages

  • #3,141
  • May 22, 2019 8:15am May 22, 2019 8:15am
Quoting quangvision
{quote} Hi Alan, What does you mean by drawing pink lines? They are not attacking pivot and attacked pivot, right?
The pink lines are mine and they are not correct. Point C is the attacking pivot. The pivot being attacked is not the pink pivot A which I chose, but the yellow one.
Trading S/R with PA only. No indicators anymore!
  • #3,142
  • May 23, 2019 12:04am May 23, 2019 12:04am
Quoting quangvision
{quote} Hi Alan, What does you mean by drawing pink lines? They are not attacking pivot and attacked pivot, right?
Whoops Jazz already answered.
  • #3,143
  • May 23, 2019 12:08am May 23, 2019 12:08am
Looking at the 1H we see now that the average is trying for the LL than 2643 and should thus expect price to make the next level of 2587
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  • #3,144
  • Edited 12:52am May 23, 2019 12:20am | Edited 12:52am
Quoting Nala66
Looking at the 1H we see now that the average is trying for the LL than 2643 and should thus expect price to make the next level of 2587 {image}
Seems to Be a nice point to visit by price...
Yesterday after trying at the H1 Ema. Price has draw this ABCD in wich D+68 its around that 2587.
I guess it gives streght to the idea? this kind of confluences?
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EDIT:
Zooming i just saw this red circle. Alan do I have to invalidate this Idea cause of this ?
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Maybe this m15 Is better?
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  • #3,145
  • May 23, 2019 1:22am May 23, 2019 1:22am
5 min is looking for bull support
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  • #3,146
  • May 23, 2019 1:45am May 23, 2019 1:45am
Quoting Nala66
Looking at the 1H we see now that the average is trying for the LL than 2643 and should thus expect price to make the next level of 2587 {image}
well that was intense! hope you guys caught that!
life is a reflection of what we allow ourselves to see
  • #3,147
  • May 23, 2019 1:46am May 23, 2019 1:46am
Crap
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Trading S/R with PA only. No indicators anymore!
  • #3,148
  • May 23, 2019 2:05am May 23, 2019 2:05am
Quoting Jazz1964
Crap {image}
This my view on this, still learning so dont know if im correct... just practicing(easy hindsight...)
We had this m5 ABCD pattern(having in mind lower targets for the bigger picture)
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Now if u go to m1 and observe how price behaves in the 50% (ZOO area)...
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Am I correct?
Dont want to look arrogant just asking to learn.
Thnks
  • #3,149
  • May 23, 2019 2:20am May 23, 2019 2:20am
Quoting mikeeating
{quote} well that was intense! hope you guys caught that!
I did, but put my SL wrong. Went away for a while and the price hit the SL and then fell down like a rock thru the air...so annoying
More chanses will come hehe
  • #3,150
  • May 23, 2019 2:37am May 23, 2019 2:37am
Quoting Green-Pips1
{quote} I did, but put my SL wrong. Went away for a while and the price hit the SL and then fell down like a rock thru the air...so annoying More chanses will come hehe
this was my trade tonight, I added my first position when fast rsi was up the top but also price had tested the 15 min average

I added the third as it dropped down through the ema as my bias was short, probably a bit of luck involved as well
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life is a reflection of what we allow ourselves to see
  • #3,151
  • May 23, 2019 2:42am May 23, 2019 2:42am
Quoting mikeeating
{quote} this was my trade tonight, I added my first position when fast rsi was up the top but also price had tested the 15 min average I added the third as it dropped down through the ema as my bias was short, probably a bit of luck involved as well {image}
We need a little luck sometimes! Nice trade!!
  • #3,152
  • May 23, 2019 2:47am May 23, 2019 2:47am
Quoting witowito
{quote} This my view on this, still learning so dont know if im correct... just practicing(easy hindsight...) We had this m5 ABCD pattern(having in mind lower targets for the bigger picture){image} Now if u go to m1 and observe how price behaves in the 50% (ZOO area)...{image} Am I correct? Dont want to look arrogant just asking to learn. Thnks
Yes you are correct... well done
  • #3,153
  • May 23, 2019 3:09am May 23, 2019 3:09am
C"mon a LL and then I can post my chart
  • #3,154
  • May 23, 2019 3:23am May 23, 2019 3:23am
This is ridiculous you have to see it....
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  • #3,155
  • May 23, 2019 3:55am May 23, 2019 3:55am
Quoting Nala66
This is ridiculous you have to see it.... {image}
All shorts got stopped out?
  • #3,156
  • May 23, 2019 3:56am May 23, 2019 3:56am
Yep I walked away and just came back to find that out.
  • #3,157
  • May 23, 2019 4:11am May 23, 2019 4:11am
I got it with a long
  • #3,158
  • May 23, 2019 4:20am May 23, 2019 4:20am
Grrreat active trading Alan.
Just, what made you go for a long, M15 div in the RSI's?
I didn't see anything in H1 for that and the trend is down.
Trading S/R with PA only. No indicators anymore!
  • #3,159
  • May 23, 2019 4:29am May 23, 2019 4:29am
On another note, can you please comment on my stop, Alan, post #3147
I really had no clue where to put it.

Prolly you'll say the entry was so-so after that pinbar but I wanted to neglect that and chose for the fact that it was a down bar. But let's forget about the entry and focus on the stoploss, please.

After being stopped out it was hard to get involved again.
Trading S/R with PA only. No indicators anymore!
  • #3,160
  • May 23, 2019 4:33am May 23, 2019 4:33am
Quoting Jazz1964
Grrreat active trading Alan. Just, what made you go for a long, M15 div in the RSI's? I didn't see anything in H1 for that and the trend is down.
The bulls found support on the 5 min
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