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Trading the Cable swings via averages

  • #3,381
  • Jun 5, 2019 2:37am Jun 5, 2019 2:37am
Quoting Nala66
{quote} I am surprised you are still aiming for three entries. You should be down to just 2 by now.
Yeah I have considered doing that alot, but think I'll wait a bit longer, there are still some things I would like to get more confident on
life is a reflection of what we allow ourselves to see
  • #3,382
  • Jun 5, 2019 2:40am Jun 5, 2019 2:40am
Quoting mikeeating
{quote} Yeah I have considered doing that alot, but think I'll wait a bit longer, there are still some things I would like to get more confident on
Fair enough. I tend to measure the expected distance and put the size I need to make the daily target.

I guarantee there are folks out there who are long and defending it for a turnaround... A dangerous game to play.
  • #3,383
  • Jun 5, 2019 2:44am Jun 5, 2019 2:44am
Quoting Nala66
{quote} Fair enough. I tend to measure the expected distance and put the size I need to make the daily target. I guarantee there are folks out there who are long and defending it for a turnaround... A dangerous game to play.
yes much easier to trade what you see and not what you think, no-one wonder people find it so hard to win
life is a reflection of what we allow ourselves to see
  • #3,384
  • Jun 5, 2019 2:46am Jun 5, 2019 2:46am
The 15 min chart gave us a likely zoo point and at that time and level just about all the lower time frame charts were in div to go short.

Why would we argue with the market, far better to go with it.

We have a good knowledge of what happens as the price snakes along and should be reading the charts like Jimmy Jack.
  • #3,385
  • Jun 5, 2019 3:09am Jun 5, 2019 3:09am
in with longs again, hopefully see another 20 pips
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life is a reflection of what we allow ourselves to see
  • #3,386
  • Jun 5, 2019 3:10am Jun 5, 2019 3:10am
So the failed div on the hour EMA sends price to make a HH

It all gets boring after a while hey!
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  • #3,387
  • Jun 5, 2019 3:15am Jun 5, 2019 3:15am
Quoting mikeeating
in with longs again, hopefully see another 20 pips {image}
Quite late Mike
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  • #3,388
  • Jun 5, 2019 3:18am Jun 5, 2019 3:18am
Quoting Nala66
{quote} Quite late Mike {image}
yes that was my second set of entries, I got stopped out first set
life is a reflection of what we allow ourselves to see
  • #3,389
  • Jun 5, 2019 3:20am Jun 5, 2019 3:20am
Quoting mikeeating
{quote} yes that was my second set of entries, I got stopped out first set
What is your TP there is a good target at 2727 on the hour
  • #3,390
  • Jun 5, 2019 3:23am Jun 5, 2019 3:23am
So far the bull support on the 5 is holding
  • #3,391
  • Jun 5, 2019 3:24am Jun 5, 2019 3:24am
Quoting Nala66
{quote} What is your TP there is a good target at 2727 on the hour
the next 15 min level at 1.27320
life is a reflection of what we allow ourselves to see
  • #3,392
  • Jun 5, 2019 3:26am Jun 5, 2019 3:26am
Quoting Nala66
{quote} What is your TP there is a good target at 2727 on the hour
I will be done before the AB=CD target but it looks like yesterday... very similar whole move, down and up.
Small lots just for learning...
First entry go stopped out at BE, this second one playing nice, i just close also small hedge...
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  • #3,393
  • Jun 5, 2019 3:26am Jun 5, 2019 3:26am
Quoting mikeeating
{quote} the next 15 min level at 1.27320
divergence on the 5
life is a reflection of what we allow ourselves to see
  • #3,394
  • Jun 5, 2019 3:32am Jun 5, 2019 3:32am
go baby
life is a reflection of what we allow ourselves to see
  • #3,395
  • Jun 5, 2019 3:33am Jun 5, 2019 3:33am
It looks to me like you should have your 20 by now
  • #3,396
  • Jun 5, 2019 3:36am Jun 5, 2019 3:36am
Quoting Nala66
It looks to me like you should have your 20 by now
yeah I brought my stops up but closed out now
life is a reflection of what we allow ourselves to see
  • #3,397
  • Jun 5, 2019 3:38am Jun 5, 2019 3:38am
I brought my stops up once I closed out the 3rd position
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life is a reflection of what we allow ourselves to see
  • #3,398
  • Jun 5, 2019 3:50am Jun 5, 2019 3:50am
Quoting mikeeating
I brought my stops up once I closed out the 3rd position {image}
Cool, nice profit anyway you look at it.

I see the 5 min is still hanging in there to make the HH average.
  • #3,399
  • Jun 5, 2019 4:09am Jun 5, 2019 4:09am
is this right?
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life is a reflection of what we allow ourselves to see
  • #3,400
  • Jun 5, 2019 4:13am Jun 5, 2019 4:13am
Quoting mikeeating
is this right?
I can't see any pivot at your A point Mike. The pivot is above, so it's not drawn correctly.
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