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Trading the Cable swings via averages

  • #3,161
  • May 23, 2019 4:34am May 23, 2019 4:34am
Looks like the bulls are trying to stop the average
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  • #3,162
  • May 23, 2019 4:36am May 23, 2019 4:36am
Quoting Nala66
{quote} The bulls found support on the 5 min
That can't be the case... isn't it?
Trading S/R with PA only. No indicators anymore!
  • #3,163
  • May 23, 2019 4:39am May 23, 2019 4:39am
Quoting Nala66
{quote} The bulls found support on the 5 min
Did not they found it here?
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  • #3,164
  • May 23, 2019 4:42am May 23, 2019 4:42am
Quoting Jazz1964
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.
I assume you went short on the first Cont Div.

So as the price start moving move the stop along with it to get it closer to BE and thus you would have been stopped out much earlier.
  • #3,165
  • May 23, 2019 4:44am May 23, 2019 4:44am
Quoting witowito
{quote} Did not they found it here? {image}
Yes that is where I went long
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  • #3,166
  • May 23, 2019 4:53am May 23, 2019 4:53am
You can see from this 5 min chart the profit is locked in with a stop but I may make a few more dollars if it runs to target level
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  • #3,167
  • May 23, 2019 4:55am May 23, 2019 4:55am
Whoops that was in div so I closed anyway.

Hard to type and trade at the same time
  • #3,168
  • May 23, 2019 4:58am May 23, 2019 4:58am
I'm done now but that bear 5 min div would have been a good short
  • #3,169
  • May 23, 2019 5:02am May 23, 2019 5:02am
Quoting Nala66
I'm done now but that bear 5 min div would have been a good short
I am trading that with a tight stop.
Trading S/R with PA only. No indicators anymore!
  • #3,170
  • May 23, 2019 5:20am May 23, 2019 5:20am
Would you guys agree there is bull support on the 15m?
life is a reflection of what we allow ourselves to see
  • #3,171
  • May 23, 2019 5:26am May 23, 2019 5:26am
Quoting mikeeating
Would you guys agree there is bull support on the 15m?
yes indeed. Just that it is doing nothing and there's M15 bear cont div between price and rsi
probably also div within the two rsi's if the bar is done.
it's the time of the day....
Trading S/R with PA only. No indicators anymore!
  • #3,172
  • May 23, 2019 5:48am May 23, 2019 5:48am
Quoting Jazz1964
{quote} I am trading that with a tight stop.
I wanted to short it also but could not find clear ZOO point to do it.
If price reach H1 ema wich is more or less 50% of an m5 abcd i will look for shorts. Or h1 fast RSI at 80levels.
What ZOO do u have there to look for shorts?

Thnks
  • #3,173
  • May 23, 2019 6:02am May 23, 2019 6:02am
Quoting mikeeating
Would you guys agree there is bull support on the 15m?
Yep
  • #3,174
  • May 23, 2019 6:03am May 23, 2019 6:03am
Quoting witowito
{quote} I wanted to short it also but could not find clear ZOO point to do it. If price reach H1 ema wich is more or less 50% of an m5 abcd i will look for shorts. Or h1 fast RSI at 80levels. What ZOO do u have there to look for shorts? Thnks
The price is at a zoo point now check your 1H EMA.

Why do you WANT to short it why not trade with the market?
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  • #3,175
  • May 23, 2019 6:06am May 23, 2019 6:06am
Quoting Nala66
{quote} The price is at a zoo point now check your 1H EMA
Agree on that and agree with witowito that there was no good ZOO before.
Trading S/R with PA only. No indicators anymore!
  • #3,176
  • May 23, 2019 8:18am May 23, 2019 8:18am
Bears found support m5 but with bullish RSI divergences... don't know how to interpret
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  • #3,177
  • May 23, 2019 8:53am May 23, 2019 8:53am
Quoting witowito
Bears found support m5 but with bullish RSI divergences... don't know how to interpret {image}
Now this en up in a bullish continuation divergences wich is just completed meanwhile im writting i think... cable really flys
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  • #3,178
  • May 23, 2019 9:16am May 23, 2019 9:16am
Quoting witowito
{quote} Now this en up in a bullish continuation divergences wich is just completed meanwhile im writting i think... cable really flys {image}
That blue ABCD is finished
Trading S/R with PA only. No indicators anymore!
  • #3,179
  • May 23, 2019 9:18am May 23, 2019 9:18am
Quoting witowito
{quote} Now this en up in a bullish continuation divergences wich is just completed meanwhile im writting i think... cable really flys {image}
I tryed a short there:
Price got in ZOO ( 50%ABCD + h1EMA +RSI diver+Regular Diver + ABCD completed)
Then i move to break even when price got to 5min EMA and... come back to take me out.
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Looks like ema want to make new HH in m5 and H1 hold there to make like a double bottom or something like that...:S
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  • #3,180
  • May 24, 2019 12:13am May 24, 2019 12:13am
My 1 hr looks like this now
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