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Trading the Cable swings via averages

  • #3,861
  • Jul 1, 2019 10:18am Jul 1, 2019 10:18am
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....
Alan, don't you usually aim for doubling your account everyday? like you told in the beginning. If not, why take approach of aiming of $25 on a 500 account, which equals to doubling an account per month.
  • #3,862
  • Jul 1, 2019 2:00pm Jul 1, 2019 2:00pm
Quoting KevinOwens
{quote} Alan, don't you usually aim for doubling your account everyday? like you told in the beginning. If not, why take approach of aiming of $25 on a 500 account, which equals to doubling an account per month.

Thats what I thought, that’s what I have been trying
been around 30-50% + per trade doing good. Best strategy I have cake across
  • #3,863
  • Edited 4:39pm Jul 1, 2019 3:02pm | Edited 4:39pm
He usually trades $25 a pip which is equivalent of having all 3 trades on when doubling a 1k account on 40 pips, I say he’s doing this (the smaller account) to demonstrate to novices how to gradually compound with something less demanding
life is a reflection of what we allow ourselves to see
  • #3,864
  • Jul 1, 2019 3:05pm Jul 1, 2019 3:05pm
Quoting 4xtrader41
{quote} Thats what I thought, that’s what I have been trying been around 30-50% + per trade doing good. Best strategy I have cake across
That’s what I usually get at least, when it comes to trading I’m as green as they come
life is a reflection of what we allow ourselves to see
  • #3,865
  • Jul 1, 2019 3:40pm Jul 1, 2019 3:40pm
Quoting mikeeating
{quote} That’s what I usually get at least, when it comes to trading I’m as green as they come
Yeah I started a small account which is much bigger now Patience pays there’s many opportunities to double your account every week
  • #3,866
  • Jul 1, 2019 4:23pm Jul 1, 2019 4:23pm
Hi Alan/Jazz

Still reading up the PDF, now in the section on ABCD/AB=CD.

How do you define the pivot please? And in what situation you can draw a ABCD? What situation is AB = CD?

Many thanks
  • #3,867
  • Jul 1, 2019 4:37pm Jul 1, 2019 4:37pm
Quoting 4xtrader41
{quote} Yeah I started a small account which is much bigger now Patience pays there’s many opportunities to double your account every week
i agree. i made so many winning trades with patiences. i love this system
  • #3,868
  • Jul 1, 2019 5:18pm Jul 1, 2019 5:18pm
Quoting 4xtrader41
{quote} yup i mixed with my 1m trading style that works for me, and boom.... wait and attack... simple
i use a 1 minute style to trade 5 minute options.
  • #3,869
  • Jul 1, 2019 7:03pm Jul 1, 2019 7:03pm
Quoting KevinOwens
{quote} Alan, don't you usually aim for doubling your account everyday? like you told in the beginning. If not, why take approach of aiming of $25 on a 500 account, which equals to doubling an account per month.
Yes I do normally until I am consistently making 1K a day.

This time I have started the year with $500 to show how with patience we can reach that target less aggressively.

This is because there are people who lack the confidence, hopefully this will give them some.
  • #3,870
  • Jul 1, 2019 7:05pm Jul 1, 2019 7:05pm
Quoting blessedchuck
{quote} i use a 1 minute style to trade 5 minute options.
Thanks for your posts but you need to explain what you are doing for folks to understand you.
  • #3,871
  • Jul 1, 2019 7:08pm Jul 1, 2019 7:08pm
Ah look at that Jazz we nailed it to the pip and then it dropped back
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  • #3,872
  • Jul 1, 2019 11:15pm Jul 1, 2019 11:15pm
Quoting Nala66
Ah look at that Jazz we nailed it to the pip and then it dropped back {image}
Alan i went through your PDF, exceptional man.... very detailed, picked up some tips and more....
  • #3,873
  • Jul 1, 2019 11:45pm Jul 1, 2019 11:45pm
div on the 15m
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  • #3,874
  • Jul 1, 2019 11:50pm Jul 1, 2019 11:50pm
Quoting 4xtrader41
{quote} Alan i went through your PDF, exceptional man.... very detailed, picked up some tips and more....
did alan write an additional PDF to the first one back on post 300 and something?
  • #3,875
  • Jul 2, 2019 12:09am Jul 2, 2019 12:09am
another
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  • #3,876
  • Jul 2, 2019 12:18am Jul 2, 2019 12:18am
Quoting Nala66
{quote} Yes I do normally until I am consistently making 1K a day. This time I have started the year with $500 to show how with patience we can reach that target less aggressively. This is because there are people who lack the confidence, hopefully this will give them some.
That's so generous of you! Keep up the good work. Cheers!
  • #3,877
  • Jul 2, 2019 12:35am Jul 2, 2019 12:35am
Quoting blessedchuck
{quote} did alan write an additional PDF to the first one back on post 300 and something?
https://www.forexfactory.com/showthr...0#post12201200 There it is. The work of Davidmaree who did a terrific job.
Trading S/R with PA only. No indicators anymore!
  • #3,878
  • Jul 2, 2019 1:20am Jul 2, 2019 1:20am
Quoting Jazz1964
{quote} https://www.forexfactory.com/showthr...0#post12201200 There it is. The work of Davidmaree who did a terrific job.
Hi Jazz!
Could you explain a little about using the low indicator in your template please?
I mean the RSI_divergence indicator. I did not find anything about it in internet.
Thank you.
  • #3,879
  • Jul 2, 2019 1:26am Jul 2, 2019 1:26am
Quoting fxpractice
{quote} Hi Jazz! Could you explain a little about using the low indicator in your template please? I mean the RSI_divergence indicator. I did not find anything about it in internet. Thank you.
That's for spotting hidden divergence. It's Alan's indicator that's why you can't find it.
The yellow line is the RSI14 on close bar. The Pink lines are the high and low value of the RSI during that bar.
You can look that topic up in the pdf.
Trading S/R with PA only. No indicators anymore!
  • #3,880
  • Jul 2, 2019 1:34am Jul 2, 2019 1:34am
hi jazz , how are you,
i have a question , when do you move your sl to breakeven . do you have set pips like 5 or 10 as i am having trouble with this part, some times i am moving too early while sometimes i am too late
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