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Trading the Cable swings via averages

  • #3,581
  • Jun 17, 2019 2:42am Jun 17, 2019 2:42am
I closed at 75% because I don't like the look of that 1H bull div
  • #3,582
  • Jun 17, 2019 2:46am Jun 17, 2019 2:46am
Would you credit it, it ran to my target....doh!!!!!
  • #3,583
  • Jun 17, 2019 2:51am Jun 17, 2019 2:51am
Today it's just like what we see often enough. Div's against the trade direction are for a hedge or a scalp and should be played very tight. Possibly they'll show to be a runner but that has to be proven first.
Trading S/R with PA only. No indicators anymore!
  • #3,584
  • Jun 17, 2019 3:01am Jun 17, 2019 3:01am
Quoting Jazz1964
Today it's just like what we see often enough. Div's against the trade direction are for a hedge or a scalp and should be played very tight. Possibly they'll show to be a runner but that has to be proven first.
Yes but Jazz if I see the div on the 1H I treat that as a ZOO point for the 5m and I just got the balance of my target long.
  • #3,585
  • Jun 17, 2019 3:04am Jun 17, 2019 3:04am
Quoting Nala66
I closed at 75% because I don't like the look of that 1H bull div
That h1 Div stopping the EMA to make new LL and back to Test EMA??
Then m5 also in DIV after making new EMA LL
Now m5 back to EMA and if bulls find support ... good sign for price reversing at least to 1.25938 pivot??
  • #3,586
  • Jun 17, 2019 3:08am Jun 17, 2019 3:08am
Quoting witowito
{quote} That h1 Div stopping the EMA to make new LL and back to Test EMA?? Then m5 also in DIV after making new EMA LL Now m5 back to EMA and if bulls find support ... good sign for price reversing at least to 1.25938 pivot??
Yep watch the 5 like a hawk, currently it is a con/div
  • #3,587
  • Jun 17, 2019 3:16am Jun 17, 2019 3:16am
Quoting Jazz1964
{quote} That's what I was curious for. Still reason for a hedge isn't it.
No, if I miss the bus then I let it go.
  • #3,588
  • Jun 17, 2019 3:17am Jun 17, 2019 3:17am
Seems to have gone quiet already????
  • #3,589
  • Jun 17, 2019 3:17am Jun 17, 2019 3:17am
Quoting Nala66
{quote} Yep watch the 5 like a hawk, currently it is a con/div
Bears DIV at ema for selling again u mean? (m5)
  • #3,590
  • Jun 17, 2019 3:19am Jun 17, 2019 3:19am
Quoting witowito
{quote} Bears DIV at ema for selling again u mean? (m5)
Yep
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB
  • #3,591
  • Jun 17, 2019 3:20am Jun 17, 2019 3:20am
We have to watch it and be careful as to which way this will run. Not a good place to trade at all
  • #3,592
  • Jun 17, 2019 3:21am Jun 17, 2019 3:21am
Quoting Nala66
Seems to have gone quiet already????
Markets are different from a half year back. Avg true range (14) on the daily's / weekly's are getting tighter again.
Good to experience that, while it is harder, we can make money trading this system.
Trading S/R with PA only. No indicators anymore!
  • #3,593
  • Jun 17, 2019 3:22am Jun 17, 2019 3:22am
Very little action on the tick chart
  • #3,594
  • Jun 17, 2019 3:27am Jun 17, 2019 3:27am
This thing has been in a weekly range for a year now
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  • #3,595
  • Jun 17, 2019 3:33am Jun 17, 2019 3:33am
Quoting Nala66
This thing has been in a weekly range for a year now {image}
Yeah but the Weekly EMA still swings like Jazzzzz
Trading S/R with PA only. No indicators anymore!
  • #3,596
  • Jun 17, 2019 3:53am Jun 17, 2019 3:53am
But you aint got a thing if it aint got swing

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  • #3,597
  • Jun 17, 2019 3:58am Jun 17, 2019 3:58am
Quoting Nala66
But you aint got a thing if it aint got swing https://youtu.be/mCwI9o7Zu6g
Trading S/R with PA only. No indicators anymore!
  • #3,598
  • Jun 17, 2019 4:02am Jun 17, 2019 4:02am
Bull found support on M5 now.
  • #3,599
  • Jun 17, 2019 6:00am Jun 17, 2019 6:00am
Alan,
What would be another pair you would trade at the moment that moves a bit more than GU? GN, GA or gold maybe? What characteristics do you look for to make it a good pair to trade?
  • #3,600
  • Jun 17, 2019 7:02am Jun 17, 2019 7:02am
Quoting MrMagnet
Alan, What would be another pair you would trade at the moment that moves a bit more than GU? GN, GA or gold maybe? What characteristics do you look for to make it a good pair to trade?
I simply base it upon the GU is a good source to make regular profits. Other pairs may do so as well but why do all the extra work when one pair will suffice.
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