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Trading the Cable swings via averages

  • #3,421
  • Jun 6, 2019 3:30am Jun 6, 2019 3:30am
Quoting witowito
{quote} didnt u cosider a hedge when it got in the h1 ema and m5 overbought? also m15? I had couple of lost trying to long it at bottom, then a lost trying to short it... and now seated on my hands
No I didn't consider a hedge because there was no div on the 5 min.
  • #3,422
  • Jun 6, 2019 3:31am Jun 6, 2019 3:31am
Post 3148 image makes this strategy so simple to understand.

However, I still don't know at what time Bar 108 occurs. Is it the Frankfurt open (06:00hrs GMT) or the London open (07:00hrs GMT)?
  • #3,423
  • Jun 6, 2019 3:32am Jun 6, 2019 3:32am
Sorry I meant Post 3418
  • #3,424
  • Jun 6, 2019 3:38am Jun 6, 2019 3:38am
C'mon bulls 5 pips for goodness sake
  • #3,425
  • Jun 6, 2019 3:40am Jun 6, 2019 3:40am
Quoting mayflower
Post 3148 image makes this strategy so simple to understand. However, I still don't know at what time Bar 108 occurs. Is it the Frankfurt open (06:00hrs GMT) or the London open (07:00hrs GMT)?
I don't really care which market is doing what or if daylight savings are on or off I just keep that vertical line at bar 108.

It is only an approximation of time to start looking.
  • #3,426
  • Jun 6, 2019 3:43am Jun 6, 2019 3:43am
Go the bulls
  • #3,427
  • Jun 6, 2019 3:46am Jun 6, 2019 3:46am
Got me target
  • #3,428
  • Jun 6, 2019 3:52am Jun 6, 2019 3:52am
I got stopped out twice then made my money back. Looked like it was failing to me as it was finding support and then the moment I closed it went up!
Attached Image (click to enlarge)
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life is a reflection of what we allow ourselves to see
  • #3,429
  • Jun 6, 2019 3:53am Jun 6, 2019 3:53am
That was dead lucky because the 5 min was in div and just popped up to take my TP before the div kicked in.
  • #3,430
  • Jun 6, 2019 3:54am Jun 6, 2019 3:54am
Quoting Nala66
That was dead lucky because the 5 min was in div and just popped up to take my TP before the div kicked in.
yeah look where it is now lol


took like 60 min to go up and 3 min to go down
life is a reflection of what we allow ourselves to see
  • #3,431
  • Jun 6, 2019 3:58am Jun 6, 2019 3:58am
Witowito this is where a hedge could be placed
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  • #3,432
  • Jun 6, 2019 4:01am Jun 6, 2019 4:01am
Quoting mayflower
Post 3148 image makes this strategy so simple to understand. However, I still don't know at what time Bar 108 occurs. Is it the Frankfurt open (06:00hrs GMT) or the London open (07:00hrs GMT)?

If you put this on your chart and then set the period to Frankfurt open your time you will get the line over the bar 108'

Post 543
life is a reflection of what we allow ourselves to see
  • #3,433
  • Jun 6, 2019 4:02am Jun 6, 2019 4:02am
Quoting Nala66
Witowito this is where a hedge could be placed {image}
Thnks.
Aha...I can see it now.
I saw the m15 div and m5 and m15 fast rsi overbought so i ^though^ that was a reason for hedging but now i know that i should focus in m5 div better than m15.
  • #3,434
  • Jun 6, 2019 4:03am Jun 6, 2019 4:03am
Yeah market is getting a tad busier.

This is where the hedge comes off
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  • #3,435
  • Jun 6, 2019 4:15am Jun 6, 2019 4:15am
Of course if we had shorted at the top then the hedge off would have been a hedge on.

Once the hedges are working it pays to just close the original trade and calculate how many more pips you need for the hedge to make.
  • #3,436
  • Jun 6, 2019 4:19am Jun 6, 2019 4:19am
Quoting mikeeating
{quote} If you put this on your chart and then set the period to Frankfurt open your time you will get the line over the bar 108' Post 543
Thanks Mike
  • #3,437
  • Jun 6, 2019 4:20am Jun 6, 2019 4:20am
Quoting witowito
{quote} Thnks. Aha...I can see it now. I saw the m15 div and m5 and m15 fast rsi overbought so i ^though^ that was a reason for hedging but now i know that i should focus in m5 div better than m15.
I practically only ever use the 5 min and the 1 hour.

I can trade just with the 5 min but the 1 hour gives me a heads up.
  • #3,438
  • Jun 6, 2019 4:28am Jun 6, 2019 4:28am
got some longs running again but not sure if its bullish
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life is a reflection of what we allow ourselves to see
  • #3,439
  • Jun 6, 2019 4:33am Jun 6, 2019 4:33am
Quoting mayflower
{quote} Thanks Mike
So the days work is split like this.

There is no need to watch the charts for hours on end.
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  • #3,440
  • Jun 6, 2019 4:36am Jun 6, 2019 4:36am
Quoting mikeeating
got some longs running again but not sure if its bullish {image}
Always get those stops above your highest entry Mike
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