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Trading the Cable swings via averages

  • #3,181
  • Edited 12:27am May 24, 2019 12:14am | Edited 12:27am
Good morning/afternoon
This is my analisis correct me or add if im wrong please:
Looks like price has found bulls support above the EMA and stoped has failed making new LL(H1) so most likely its going to attack swim high at 1.26847(my broker data)
Now price is trading above H1 ema(a bit flat) and m5 criscrossing it
We will be looking for longs today?
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adding:
In other broker there is no EMA target until 1.27185 which is a bit higher of 50% of ABCD pattern of those continuations Diver
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  • #3,182
  • May 24, 2019 1:04am May 24, 2019 1:04am
Quoting witowito
Good morning/afternoon This is my analisis correct me or add if im wrong please: Looks like price has found bulls support above the EMA and stoped has failed making new LL(H1) so most likely its going to attack swim high at 1.26847(my broker data) Now price is trading above H1 ema(a bit flat) and m5 criscrossing it We will be looking for longs today?{image}{image} adding: In other broker there is no EMA target until 1.27185 which is a bit higher of 50% of ABCD pattern of those continuations Diver{image}
Your 1H chart is the same as mine for the setups.

However don't fall into the trap of expecting a certain direction. Let the chart tell you the direction with the signals given.

We cannot "Think" trades.
  • #3,183
  • May 24, 2019 1:12am May 24, 2019 1:12am
Go ye bulls
  • #3,184
  • May 24, 2019 1:13am May 24, 2019 1:13am
OK stops at BE so sit back and relax.
  • #3,185
  • May 24, 2019 1:19am May 24, 2019 1:19am
Locked in 5 pips of profit
  • #3,186
  • May 24, 2019 1:19am May 24, 2019 1:19am
going to hedge at that one hour level, hopefully makes it
life is a reflection of what we allow ourselves to see
  • #3,187
  • May 24, 2019 1:26am May 24, 2019 1:26am
Locked in 13 pips
  • #3,188
  • May 24, 2019 1:38am May 24, 2019 1:38am
So very nearly stopped out then
  • #3,189
  • May 24, 2019 1:39am May 24, 2019 1:39am
Closed for the 20 pips and quit now till Monday
  • #3,190
  • May 24, 2019 1:41am May 24, 2019 1:41am
Quoting Nala66
Locked in 13 pips
Could u please when u are done with the trade share where was the entries and SL from beggining and how u move it in ur favour?
Thnks
  • #3,191
  • May 24, 2019 1:42am May 24, 2019 1:42am
Thanks for being here. Enjoy weekend!
Trading S/R with PA only. No indicators anymore!
  • #3,192
  • May 24, 2019 1:49am May 24, 2019 1:49am
This is what I did.

This goes against the convention I have been showing but I thought it was worth the risk..

On the 1 minute chart close to the start of the day I went long on those three dips with all three stops at A.

Notice how I was entering with the market going against me.

Then I got the stops to B for approx. BE.
Then moved the stops to C locking in 5.
Then moved the stops to D locking in 13
Finally closed at E for 20.

I did not like the look of the chart by the time I closed price was in divergence for some time. Best not to push my luck.
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  • #3,193
  • May 24, 2019 1:53am May 24, 2019 1:53am
mine currently looks like this, I entered slightly late, as I stated late, but I got all 3 on at bull support , I hedged at the 1 hour average and just waiting now for what's going to happen
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life is a reflection of what we allow ourselves to see
  • #3,194
  • May 24, 2019 1:59am May 24, 2019 1:59am
Quoting Nala66
This is what I did. This goes against the convention I have been showing but I thought it was worth the risk.. On the 1 minute chart close to the start of the day I went long on those three dips with all three stops at A. Notice how I was entering with the market going against me. Then I got the stops to B for approx. BE. Then moved the stops to C locking in 5. Then moved the stops to D locking in 13 Finally closed at E for 20. I did not like the look of the chart by the time I closed price was in divergence for some time. Best not to push my luck....
Great thnks for sharing and I wish u a good weekend.
Catch u monday
  • #3,195
  • May 24, 2019 2:20am May 24, 2019 2:20am
Quoting mikeeating
mine currently looks like this, I entered slightly late, as I stated late, but I got all 3 on at bull support , I hedged at the 1 hour average and just waiting now for what's going to happen {image}
In a case like this Mike I would have moved all three stops to the yellow level shown and also the tp for the hedge.
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  • #3,196
  • May 24, 2019 2:25am May 24, 2019 2:25am
Quoting Nala66
{quote} In a case like this Mike I would have moved all three stops to the yellow level shown and also the tp for the hedge. {image}
No my mistake the hedge was in Div so it should get back to the EMA so only the longs would be stopped out
  • #3,197
  • May 24, 2019 2:39am May 24, 2019 2:39am
Quoting Nala66
... I went long on those three dips with all three stops at A. Notice how I was entering with the market going against me. .... {image}
Seems you entered the 2nd and 3rd at a lower price than the 1st, this time.
Trading S/R with PA only. No indicators anymore!
  • #3,198
  • May 24, 2019 2:41am May 24, 2019 2:41am
Quoting Nala66
{quote} No my mistake the hedge was in Div so it should get back to the EMA so only the longs would be stopped out
its taken out my longs and I still have my hedge but now it looks like its going to go long again
life is a reflection of what we allow ourselves to see
  • #3,199
  • May 24, 2019 2:42am May 24, 2019 2:42am
Quoting Jazz1964
{quote} Seems you entered the 2nd and 3rd at a lower price than the 1st, this time.
Yes as I said I went against convention.
  • #3,200
  • May 24, 2019 2:44am May 24, 2019 2:44am
Quoting mikeeating
{quote} its taken out my longs and I still have my hedge but now it looks like its going to go long again
It is very hard when we are not in real time Mike, did you hedge your hedge
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