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Trading the Cable swings via averages

  • #3,781
  • Jun 27, 2019 12:12pm Jun 27, 2019 12:12pm
Quoting huskyboy
{quote} is it the red, green or blue one, or something completely different? Thx {image}
As far as I’m aware from how I see it, it’s part of the red and green V shape = hook
  • #3,782
  • Jun 27, 2019 12:17pm Jun 27, 2019 12:17pm
Quoting Jazz1964
{quote} it's described here https://www.forexfactory.com/showthr...6#post11983726
Thx Jazz but that doesn't help me a lot, i really wat to see it pointed out on the chart. I am having the same problems with the 'J'.
  • #3,783
  • Jun 27, 2019 12:18pm Jun 27, 2019 12:18pm
Quoting 4xtrader41
{quote} As far as I’m aware from how I see it, it’s part of the red and green V shape = hook
Thx, so its the blue one?
I personally think its the green one, cause with a late entry the pullback can get you out.
  • #3,784
  • Jun 27, 2019 12:50pm Jun 27, 2019 12:50pm
Quoting huskyboy
{quote} Thx, so its the blue one? I personally think its the green one, cause with a late entry the pullback can get you out.
Can u see the V on the chart?

and the W in RSI?

in fact I took this same trade today... was a great setup

i posted this trade in my 1st pic
  • #3,785
  • Jun 27, 2019 1:04pm Jun 27, 2019 1:04pm
Quoting 4xtrader41
{quote} Can u see the V on the chart? and the W in RSI? in fact I took this same trade today... was a great setup i posted this trade in my 1st pic
i can see the 'W' in the rsi, and on my rsi settings (the ones used here in the thread) its at the point that there's a bull rsi/rsi divergence and not a regular like on your chart. About the 'V' on the chart, i can see a few but i dont know which you mean. By the way what is the backgroung color you are using, like it.
  • #3,786
  • Jun 27, 2019 1:19pm Jun 27, 2019 1:19pm
Quoting huskyboy
{quote} i can see the 'W' in the rsi, and on my rsi settings (the ones used here in the thread) its at the point that there's a bull rsi/rsi divergence and not a regular like on your chart. About the 'V' on the chart, i can see a few but i dont know which you mean. By the way what is the backgroung color you are using, like it.
Its labled in the pic

its a a custom color I made
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  • #3,787
  • Jun 27, 2019 3:23pm Jun 27, 2019 3:23pm
Quoting huskyboy
{quote} i can see the 'W' in the rsi, and on my rsi settings (the ones used here in the thread) its at the point that there's a bull rsi/rsi divergence and not a regular like on your chart. About the 'V' on the chart, i can see a few but i dont know which you mean. By the way what is the backgroung color you are using, like it.

here if u wanna use
Attached Image
  • #3,788
  • Jun 27, 2019 4:15pm Jun 27, 2019 4:15pm
Quoting Nala66
{quote} Allow me... I see 4 HDs so far and 1 RSI div which Jazz shows. {image}
I been trading 6 years, And this is the Best strategy i have came across, looking to be here a long time.. 1 pairs endless trades both ways crazy. Yes i am still learning the ABCD, & some other stuff to, but that is not stopping from making pips daily. Thanks for having the best thread around... between HD and Reg Div this is crazy pips... yes i know you dont have to trade them all, Patience brings some good trades for sure. nothing like trading 1 pair... easy peasy

also getting my stacks down so i can start making 100% account size wins or close to it anyways

thanks Alan
  • #3,789
  • Jun 27, 2019 5:44pm Jun 27, 2019 5:44pm
Quoting k1w1
{quote} Thanks Alan, those posts were helpful; however, I was specifically wondering at what point you enter your first order after seeing a divergence print? Do you simply enter as soon as the divergence has printed, or do you wait for the break of the previous candle's high/low, etc? I suppose I have the same question for your second and third entries. Cheers
Hmm, I think because I'm new to the forum and my posts are being hand-moderated they are also being delayed and somewhat buried...

But I'm still keen to know the answer!

Cheers
  • #3,790
  • Jun 27, 2019 5:50pm Jun 27, 2019 5:50pm
Quoting Nala66
Here is an example of the hook, you can see late entries are exposed to it. {image}
Hi Alan

Actually, how did you trade today?

If you went long at the bullish div, would you stop out (probably lock in some profit) at/before the hook? and if you went short later the day, would you again stop out at the last circle that I draw on the chart, due to lock in some profit probably?

Could you share your mindset during those point at time please?
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  • #3,791
  • Jun 28, 2019 12:04am Jun 28, 2019 12:04am
Quoting luckyvictor
{quote} Hi Alan Actually, how did you trade today? If you went long at the bullish div, would you stop out (probably lock in some profit) at/before the hook? and if you went short later the day, would you again stop out at the last circle that I draw on the chart, due to lock in some profit probably? Could you share your mindset during those point at time please? {image}
O my goodness I am very rarely in a trade for that length of time.

I was short at the 108 = RSI div
Then long at the bull div and completed my trading. About an hour, just a tad over.
  • #3,792
  • Jun 28, 2019 1:09am Jun 28, 2019 1:09am
Quoting Nala66
{quote} O my goodness I am very rarely in a trade for that length of time. I was short at the 108 = RSI div Then long at the bull div and completed my trading. About an hour, just a tad over.
I actually expect this, you usually complete early.

Today when I look the chart, I don't find any signal, but one obvious thing is, there is a flat zone of support around 1.2668, the bull doesn't allow it to go south, but whenever bull starts attack, it got beaten up. Price on M5 and m15 are both on 26EMA, on h1 is below ema. no div that I see so far.

Can you share your opinion or past experience when seeing similar market condition please?
  • #3,793
  • Jun 28, 2019 1:35am Jun 28, 2019 1:35am
Quoting Nala66
{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.
Hi,

I'm a bit confused about this also, trying to get the hang of the entries. So, we enter after we find the inference of a higher timeframe, and when this happens we go to the M5 and look for the signal, that we take ideally in the close of the bar that creates it, without waiting for the pivot to be confirmed in the close of the next bar.

But shouldn't we take the entries as two bar tests? (I was doing it like so for the first phase of the entries and missed quite a few chances). Or are they intended more as an option/safety net for entries without inferences, or entries done in the bigger timeframe directly?

Apologies for the confusion, and thanks again.
  • #3,794
  • Jun 28, 2019 2:16am Jun 28, 2019 2:16am
Quoting Aerials
{quote} Hi, I'm a bit confused about this also, trying to get the hang of the entries. So, we enter after we find the inference of a higher timeframe, and when this happens we go to the M5 and look for the signal, that we take ideally in the close of the bar that creates it, without waiting for the pivot to be confirmed in the close of the next bar. But shouldn't we take the entries as two bar tests? (I was doing it like so for the first phase of the entries and missed quite a few chances). Or are they intended more as an option/safety net for entries...
When yo do a two bar test and that can be anywhere all you are doing is defining your entry and your stop.
  • #3,795
  • Jun 28, 2019 2:20am Jun 28, 2019 2:20am
When we a something to go by on the higher time from we have a ZOO point. This is our signal but we have to find an entry so we simply drop to the lower time frame and look there for one. So we don't delay at this lower time frame the delay may be on the higher one while we look for the entry.

For example if we have a div on the hour we have about 12 bars on the 5 min to look for an entry.
  • #3,796
  • Jun 28, 2019 2:33am Jun 28, 2019 2:33am
Here is the open today...

On the hour we see a HD with a target level above.

On the 5 min we see an RSI div and we are low on the RSI.

Now you enter on the 5 min with your first trade with a ten pip stop. Even if you do get stopped out it is for peanuts.
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  • #3,797
  • Jun 28, 2019 2:36am Jun 28, 2019 2:36am
The hook is a test of the Div
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  • #3,798
  • Jun 28, 2019 2:40am Jun 28, 2019 2:40am
Yesterdays 1H hook. Testing the div
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  • #3,799
  • Jun 28, 2019 2:42am Jun 28, 2019 2:42am
Thx for pointing out the hook
  • #3,800
  • Jun 28, 2019 2:42am Jun 28, 2019 2:42am
Quoting k1w1
{quote} Hmm, I think because I'm new to the forum and my posts are being hand-moderated they are also being delayed and somewhat buried... But I'm still keen to know the answer! Cheers
How many times do I have to say immediately.

I am watching and seeing this looks like it is going to close in a div...waiting, waiting YES! CLICK I am in
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