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Trading the Cable swings via averages

  • #3,721
  • Jun 25, 2019 8:42pm Jun 25, 2019 8:42pm
Quoting Paullum
{quote} Today for me was following the trend down using continuation divergence as marked on my chart. Cheers Paul {image}
Paul it looks like you are specialising in the ConDivs which is not a bad idea at all.
  • #3,722
  • Jun 26, 2019 12:25am Jun 26, 2019 12:25am
Quoting Jazz1964
{quote} I am sorry I missed your post. Sometimes I got the idea that updating the forum on my side is a bit messy or delayed. Yes I was in with 2 positions. Right after the M5 bull test I took the 2nd at the 2 bar break.
hey jazz, can you show me on chart how you take a 2 bar test entry as i know about other two entries, but 2 bar test i still get confused
  • #3,723
  • Jun 26, 2019 12:54am Jun 26, 2019 12:54am
Quoting david321
{quote} hey jazz, can you show me on chart how you take a 2 bar test entry as i know about other two entries, but 2 bar test i still get confused
This was the one I was pointing to
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Trading S/R with PA only. No indicators anymore!
  • #3,724
  • Jun 26, 2019 1:00am Jun 26, 2019 1:00am
Quoting Jazz1964
{quote} This was the one I was pointing to {image}
thanks i really appreciate your help , what is your take about todays trade, we are under 1hour ema so we should look for bearish divergence on 5 mint chart.
if possible can you post a chart after your trade is done describing how and why you took that trade.
thank you
  • #3,725
  • Jun 26, 2019 1:12am Jun 26, 2019 1:12am
hey jazz , please check my chart and tell if this bull rsi to rsi divergence correct
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  • #3,726
  • Jun 26, 2019 2:14am Jun 26, 2019 2:14am
Quoting david321
hey jazz , please check my chart and tell if this bull rsi to rsi divergence correct{image}
Jazz is away today so allow me.

You have chopped through the slow RSI to make a line fit, we cannot do this.
Had you looked at the 15 min chart you would have seen one there.
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  • #3,727
  • Jun 26, 2019 2:17am Jun 26, 2019 2:17am
Quoting david321
{quote} thanks i really appreciate your help , what is your take about todays trade, we are under 1hour ema so we should look for bearish divergence on 5 mint chart. if possible can you post a chart after your trade is done describing how and why you took that trade. thank you
You are correct here looking for shorts.
  • #3,728
  • Jun 26, 2019 2:38am Jun 26, 2019 2:38am
Quoting Nala66
{quote} Jazz is away today so allow me. You have chopped through the slow RSI to make a line fit, we cannot do this. Had you looked at the 15 min chart you would have seen one there. {image}
thanks nala for clarify this, i am still learning as some time i cannot find a divergence clearly
  • #3,729
  • Jun 26, 2019 2:42am Jun 26, 2019 2:42am
there's a bull rsi/rsi divergence H1, ignore it?
  • #3,730
  • Jun 26, 2019 3:23am Jun 26, 2019 3:23am
Very choppy this morning, can't find an entry
  • #3,731
  • Jun 26, 2019 4:48am Jun 26, 2019 4:48am
Quoting luckyvictor
Very choppy this morning, can't find an entry
Tell me about it, I have had 1 long and three shorts for about ten pips each.

This is always the problem when waiting for the EMA to catch up on the 1 hour.
  • #3,732
  • Jun 26, 2019 5:17am Jun 26, 2019 5:17am
Quoting Nala66
{quote} Tell me about it, I have had 1 long and three shorts for about ten pips each. This is always the problem when waiting for the EMA to catch up on the 1 hour.
Hi Alan

Happen to have a day off today, so i have the chance to watch the market live, and possibly speak to you live!

Actually, looking back when things happened, it looks (relatively) easy to spot the opportunity, but still, these are the only 2 trades that I can find.

Would you please show where you made the long and 3 shorts please?

Also, how would you determine the target today? i.e. you can manage to take 10 pip each, i mean how do you make the decision to exit the trade? Today is just too choppy, when a peak in RSI is formed, a few pip is gone (for both entry and exit).

Thanks for your teaching.
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  • #3,733
  • Jun 26, 2019 6:43am Jun 26, 2019 6:43am
Quoting luckyvictor
{quote} Hi Alan Happen to have a day off today, so i have the chance to watch the market live, and possibly speak to you live! Actually, looking back when things happened, it looks (relatively) easy to spot the opportunity, but still, these are the only 2 trades that I can find. Would you please show where you made the long and 3 shorts please? Also, how would you determine the target today? i.e. you can manage to take 10 pip each, i mean how do you make the decision to exit the trade? Today is just too choppy, when a peak in RSI is formed, a few...
Here...
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  • #3,734
  • Jun 26, 2019 7:08am Jun 26, 2019 7:08am
Quoting Nala66
{quote} Here... {image}
Thanks for sharing, i think i spot this long opportunity at M5 as well.

How about the 3 shorts that you took? I really only saw one, even though looking retrospectively.
  • #3,735
  • Jun 26, 2019 7:09am Jun 26, 2019 7:09am
finding them afterwards no big problem, trading them live big problems
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i see Alan traded the m15 today
  • #3,736
  • Jun 26, 2019 7:43am Jun 26, 2019 7:43am
Quoting huskyboy
finding them afterwards no big problem, trading them live big problems {image} i see Alan traded the m15 today
Yes, this is what I experience today, very difficult to pin out exactly the entry and exit.

For example, I did see the short opportunity when price is around 1.27050, there was a bearish div on M5, it is also at the ZOO on M15, so i took a short and expect the price return to M5 26 EMA, which it did, and at the point of time, fast RSI 5 was very near the bottom, and I didn't know whether I should keep the trade or not, and for sure, as a newbie, I took my profit at 26 EMA 1.26890, but it went down further to 1.26820 and even 1.26750.

I know no one can actually predict the move, but from studying the posts, seem like there is a way to give us a (rather longer term) target, maybe something like ABCD or AB=CD, which I have not managed to understand yet.
  • #3,737
  • Jun 26, 2019 7:49am Jun 26, 2019 7:49am
Quoting huskyboy
finding them afterwards no big problem, trading them live big problems {image} i see Alan traded the m15 today
Glad you spotted this key point.

Look at the 1 H there was no ZOO point for me to trade. So drop the time frame until you find where life is at today.

From the 15M chart it was easy to find ZOO points and trade them at the 1 minute level. Not the ideal and we cannot expect the larger moves of the 1H but hey we have to work with what we have.
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  • #3,738
  • Jun 26, 2019 7:55am Jun 26, 2019 7:55am
Quoting luckyvictor
{quote} Yes, this is what I experience today, very difficult to pin out exactly the entry and exit. For example, I did see the short opportunity when price is around 1.27050, there was a bearish div on M5, it is also at the ZOO on M15, so i took a short and expect the price return to M5 26 EMA, which it did, and at the point of time, fast RSI 5 was very near the bottom, and I didn't know whether I should keep the trade or not, and for sure, as a newbie, I took my profit at 26 EMA 1.26890, but it went down further to 1.26820 and even 1.26750. I know...
There is no point looking for divs or any other signal on the 5 minute chart. This is the wrong way round of doing things. First locate your ZOO points on the higher time frames and then drop to find the entries. It would be silly to find divs on the 5 min and drop to the 1 min as the chances are the 5 min will not get you enough pips.
  • #3,739
  • Jun 26, 2019 8:32am Jun 26, 2019 8:32am
Quoting Nala66
{quote} There is no point looking for divs or any other signal on the 5 minute chart. This is the wrong way round of doing things. First locate your ZOO points on the higher time frames and then drop to find the entries. It would be silly to find divs on the 5 min and drop to the 1 min as the chances are the 5 min will not get you enough pips.
Thanks Alan, I think I am a little inspired!! Gotta digest it and do more chart reading today.

But, why would you say there is no zoo on 1H? Shouldnt we can only see it when it is already happened?
  • #3,740
  • Jun 26, 2019 10:19am Jun 26, 2019 10:19am
Quoting Nala66
{quote} Glad you spotted this key point. Look at the 1 H there was no ZOO point for me to trade. So drop the time frame until you find where life is at today. From the 15M chart it was easy to find ZOO points and trade them at the 1 minute level. Not the ideal and we cannot expect the larger moves of the 1H but hey we have to work with what we have. {image}


Loving the strategy so far, still learning. Trading mostly on 1M thats my style.... will be posting some pictures soon..

Also would you mind sharing one of your black templates? i cant get there colors right and i like your setup.

ill i have to do i load and go
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