Trading the Cable swings via averages

Quoting 4xtrader41

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{quote} 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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Quoting Nala66

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{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}

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Quoting Nala66

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{quote} Yes currently the bulls are looking for support on the 1 hour chart. All the price swings on the 1 hour are ZOO points with respective entries on the 5 minute chart {image}

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Quoting luckyvictor

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When looking at the chart, the history, we often look for entry when at the point where rsi forms a peak or trough, however when reading in real time, we will only see the peak after the next bar is printed, in M5, that means 5min delay, in M15 that means 15 minutes delay. And during this next bar, pip can move in quite an amount. So how can we actually take action at the time of the peak? Can someone share their experience please?

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Quoting luckyvictor

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{quote} Hi Alan Sorry to have another question, study all day and hence all these questions. Going back to this old posts, why are those points ZOO? how do you determine whether a point/area is ZOO? I have this question because I am trying to follow your process, first look at 1H and look for any inference, ZOO, and hence I have the question how to find ZOO. Many thanks

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Quoting luckyvictor

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When looking at the chart, the history, we often look for entry when at the point where rsi forms a peak or trough, however when reading in real time, we will only see the peak after the next bar is printed, in M5, that means 5min delay, in M15 that means 15 minutes delay. And during this next bar, pip can move in quite an amount. So how can we actually take action at the time of the peak? Can someone share their experience please?

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Quoting k1w1

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Alan, I'm a long-time lurker, first-time poster. I wanted to say thank you very much for the time and care you've taken to outline your trading system. Reading through the thread, it's very obvious you've honed your craft over many years of experience and success. I did have one fairly straight-forward question -- and please forgive me if this has already been addressed in a previous post -- but at what point do you actually execute a trade order? For example, after seeing the appropriate divergence printed, do you then wait for some form of candle...

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Quoting k1w1

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{quote} Hi Alan, just re-posting this, as I think it got lost in the mix Cheers

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Quoting Nala66

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{quote} My apologies if I missed this. I think the last couple of posts I have just made answers your question.

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Quoting Nala66

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Now look at the point C on the same one hour chart. Does it look like it is going to attack the swing low with it already being so low down or the RSI. So putting two and two together if it is not going to test the low it must be going to test the high. (With the average not the price) Does not the price lead the average by its nose. Well if the average is to make the HH then certainly the price must also have to do so. So again we could refer to C as being a zoo point and look to get in on the lower time frame. There is no one trade fits all we...

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Quoting fxpractice

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{quote} Hi Alan. Could we say that average is currently sandwiched between its Hi and Low? And it has to beat one of two levels and find support to continue to appropriate direction? Thank you {image}

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Quoting Jazz1964

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{quote} Hi FXPractise, please allow me to respond. The upper yellow line which you drew was already beaten. below you can find the corrected chart. {image}

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Quoting Nala66

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{quote} A Zoo point can be anything you want it to be. It is just a zone on the higher time frame where one would expect something to happen. Then we drop to the lower time frames and look there for the entry into the direction we expect. For example yesterday at the beginning of our shift we had a bullish divergence on the 1 hour so we drop to the 5 and look for the entry confirmation which we got and that was my first trade. Then we saw this bull trade wasn't going to far by running into opposing signals so I close the long and take the short....

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Quoting Nala66

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{quote} I don't know what you are talking about with all this delay stuff. There is no delay. We enter at exactly the time the lower time frame signal is given. If we delay we are more than likely going to be stopped out.

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