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Trading the Cable swings via averages

  • #3,281
  • May 29, 2019 11:35pm May 29, 2019 11:35pm
Looks like bear found support m5...
But in a continuation Divergence + RSI divergence so dont know if is good enough.
  • #3,282
  • May 30, 2019 12:06am May 30, 2019 12:06am
very messy again
life is a reflection of what we allow ourselves to see
  • #3,283
  • May 30, 2019 12:16am May 30, 2019 12:16am
Quoting mikeeating
very messy again
Yep very hard.
I tryed a short from the top, then saw possible retracment, I hedge it(tinny pips but just practicing) took small profits at m1 EMA i though it will continue dropping , then took me out the short in BE and now look like the drop is happening...
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  • #3,284
  • May 30, 2019 12:19am May 30, 2019 12:19am
got some shorts on, though stopped out a lot prior, maybe make new low
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life is a reflection of what we allow ourselves to see
  • #3,285
  • May 30, 2019 1:13am May 30, 2019 1:13am
Is this a short? Price is still below the 26 EMA on the 60m and 5m.
  • #3,286
  • May 30, 2019 1:16am May 30, 2019 1:16am
I have longs running now, but waiting for support on 5m
life is a reflection of what we allow ourselves to see
  • #3,287
  • May 30, 2019 1:16am May 30, 2019 1:16am
Nope. Stopped out as I posted the last comment.
  • #3,288
  • May 30, 2019 1:16am May 30, 2019 1:16am
price is above 15m now,,sorry it was but changed quickly
life is a reflection of what we allow ourselves to see
  • #3,289
  • May 30, 2019 1:28am May 30, 2019 1:28am
Well that was tough roller coaster trading but finally managed it.
  • #3,290
  • May 30, 2019 1:28am May 30, 2019 1:28am
Quoting mikeeating
I have longs running now, but waiting for support on 5m
It found bull support.
I was looking for shorts again after price visit EMA and found bear support in m5 and m15, then it went back above the ema again...
Roller coaster, not good for beginners, just for advanced traders
  • #3,291
  • May 30, 2019 1:30am May 30, 2019 1:30am
Have a look at this mess...
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  • #3,292
  • May 30, 2019 1:35am May 30, 2019 1:35am
For a short time there it looked like the 1H was going to run straight to D. But it was stopped and turned at the 50%
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  • #3,293
  • May 30, 2019 1:37am May 30, 2019 1:37am
So if you are still long look for price hitting the 50% on the opposite side and possibly running to D also.

D is 2674
50% is 2656
  • #3,294
  • May 30, 2019 2:10am May 30, 2019 2:10am
I hope there is bear support here lol
life is a reflection of what we allow ourselves to see
  • #3,295
  • May 30, 2019 2:15am May 30, 2019 2:15am
Quoting mikeeating
I hope there is bear support here lol
Yes once you get that you smile all the way to the bank... Whoops don't you mean Bull support
  • #3,296
  • May 30, 2019 2:39am May 30, 2019 2:39am
Quoting Nala66
{quote} Yes once you get that you smile all the way to the bank... Whoops don't you mean Bull support
yeah its been a great couple weeks, can't have it easy all the time though!
life is a reflection of what we allow ourselves to see
  • #3,297
  • May 30, 2019 3:31am May 30, 2019 3:31am
29 pips daily range so far up and down down and up...
Now again in the 50% of that ABCD that alan said ... with Bullish DIV let see if this time it rallys, i want to take a long but trading below h1 ema and m5 ema its kind of scary... it would be a scalp or hedge I guess also if h1 close with a bear candle it will be the bear support so i dont really know what to do in this mess... Im gonna keep reading the pdf and studing a bit lol
  • #3,298
  • May 30, 2019 3:46am May 30, 2019 3:46am
best to wait for NY to open for some volatility
life is a reflection of what we allow ourselves to see
  • #3,299
  • May 30, 2019 4:04am May 30, 2019 4:04am
Bulls m5 found support after that H1 bullish HD... let see how it goes cause h1 just has found Bear support...
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Should i move SL below the m5 EMA ?
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  • #3,300
  • May 30, 2019 4:39am May 30, 2019 4:39am
Quoting witowito
Bulls m5 found support after that H1 bullish HD... let see how it goes cause h1 just has found Bear support...{image} Should i move SL below the m5 EMA ?{image}
It is always harder after the initial run, it just kinda flip flops all over the place
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