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Trading the Cable swings via averages

  • #3,841
  • Jul 1, 2019 12:54am Jul 1, 2019 12:54am
Quoting Nala66
I am starting with $500 Target $25 a day ...
Great
Trading S/R with PA only. No indicators anymore!
  • #3,842
  • Jul 1, 2019 1:36am Jul 1, 2019 1:36am
Quoting Jazz1964
Good day all, the market started to move earlier than I did. {image}
I caught this same trade. won on puts and sell
  • #3,843
  • Jul 1, 2019 1:52am Jul 1, 2019 1:52am
Two entries so far total loss = $2.86 I am moving my stop too fast
  • #3,844
  • Jul 1, 2019 1:58am Jul 1, 2019 1:58am
Quoting Nala66
I am starting with $500 Target $25 a day minimum x 20 days Three entries $1, $2 and $3 Have set up my diary to log the trades and the reasons for taking them. The 108 bar for me is 3:30pm So all systems are go for gold....
We are cheering for you Alan!
life is a reflection of what we allow ourselves to see
  • #3,845
  • Jul 1, 2019 2:47am Jul 1, 2019 2:47am
Quoting mikeeating
{quote} We are cheering for you Alan!
Not cheering loud enough... I keep getting stopped out unable to get the number 2 on at all.
  • #3,846
  • Jul 1, 2019 2:49am Jul 1, 2019 2:49am
5m is just getting to the swing lows so I will wait a tad now... -$21.14 so far
  • #3,847
  • Jul 1, 2019 2:59am Jul 1, 2019 2:59am
this method works so well with my trading style
Attached Image
  • #3,848
  • Jul 1, 2019 3:04am Jul 1, 2019 3:04am
Looks hell bent on getting to 2643..-$1.42 now
  • #3,849
  • Jul 1, 2019 3:15am Jul 1, 2019 3:15am
Well I got all my money back +29cents whoopeee
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
  • #3,850
  • Jul 1, 2019 3:57am Jul 1, 2019 3:57am
Quoting Nala66
Well I got all my money back +29cents whoopeee {image}
Alan, thanks for this live tutorial.

From your graph, I see that it is a rather long bull (con) div, we can still try to go long as hedge?

Plus on H1, the fast RSI is already at extreme, price actually reach previous H4 average swing low.
  • #3,851
  • Jul 1, 2019 4:18am Jul 1, 2019 4:18am
Well to me it looks like 26239 is on the cards now for the 5 min chart
  • #3,852
  • Jul 1, 2019 4:24am Jul 1, 2019 4:24am
Quoting Nala66
Well to me it looks like 26239 is on the cards now for the 5 min chart
Why this point?

The price has not been moving much in the past 30min, does this PA suggest anything to you?
  • #3,853
  • Edited 5:19am Jul 1, 2019 5:02am | Edited 5:19am
Quoting Nala66
Well I got all my money back +29cents whoopeee {image}
Hi Alan
I'd like to ask about your morning longs.
Have you took this decision based on the 5 minute chart only?
May be I'm wrong but I did not see the signal on the higher timeframe. And you have noted constantly that you always start with the H1 TF.
Or may be you decided to begin with something like hedge? Without H1?
Thank you.
  • #3,854
  • Jul 1, 2019 5:27am Jul 1, 2019 5:27am
Quoting fxpractice
{quote} Hi Alan I'd like to ask about your morning longs. Have you took this decision based on the 5 minute chart only? May be I'm wrong but I did not see the signal on the higher timeframe. And you have noted constantly that you always start with the H1 TF. Or may be you decided to begin with something like hedge? Without H1? Thank you.
Those divs on the 5 min were at the swing low average on the 1 hour... So I was wrong but have since corrected and made the target $29

And for luckV it was moving at the time
Attached Image (click to enlarge)
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  • #3,855
  • Jul 1, 2019 5:40am Jul 1, 2019 5:40am
Quoting Nala66
{quote} Those divs on the 5 min were at the swing low average on the 1 hour... So I was wrong but have since corrected and made the target $29 And for luckV it was moving at the time {image}
Sorry, but I understand this moving at the time, can you please explain a little bit more?
  • #3,856
  • Jul 1, 2019 7:28am Jul 1, 2019 7:28am
Quoting Nala66
{quote} Those divs on the 5 min were at the swing low average on the 1 hour... So I was wrong but have since corrected and made the target $29 And for luckV it was moving at the time {image}
As I understand it, this is part of your system. So it's OK, nothing wrong.
Many thanks for your patience and clarifications.
  • #3,857
  • Jul 1, 2019 7:34am Jul 1, 2019 7:34am
Quoting luckyvictor
{quote} Sorry, but I understand this moving at the time, can you please explain a little bit more?
Check out the time here
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  • #3,858
  • Jul 1, 2019 8:22am Jul 1, 2019 8:22am
Quoting Nala66
{quote} Check out the time here {image}
Alan, thanks for this further graph. However i still failed to see how you arrive to 26239, sorry.

Is it actually the next average swing low on a TF? Or you project the 26EMA on M5 linearly and "somehow" get to this number?

Sorry I am not advanced enough to understand this
  • #3,859
  • Jul 1, 2019 9:00am Jul 1, 2019 9:00am
Quoting luckyvictor
{quote} Alan, thanks for this further graph. However i still failed to see how you arrive to 26239, sorry. Is it actually the next average swing low on a TF? Or you project the 26EMA on M5 linearly and "somehow" get to this number? Sorry I am not advanced enough to understand this
May I answer your question? 26239 is the next M5 EMA swing low. You can look it up on your M5 chart by scrolling to the left
Trading S/R with PA only. No indicators anymore!
  • #3,860
  • Jul 1, 2019 9:44am Jul 1, 2019 9:44am
Quoting Jazz1964
{quote} May I answer your question? 26239 is the next M5 EMA swing low. You can look it up on your M5 chart by scrolling to the left
Ok, i understand now, is actually a swing low that dated back to 19th June
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