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Trading the Cable swings via averages

  • #3,881
  • Jul 2, 2019 1:38am Jul 2, 2019 1:38am
Hello Folks
Its is so nice to see the thread that active and some newbies like me getting pips daily...
I have been a bit away cause im at my hometown for some holidays with family and friends...
Wish u all great trading day and lets see if market gives us some good chances

H1 Bulls HD in that big wick... m5 made the ema and found bull support... are we gonna visit the H1 ema ? then that ZOO could be good point.
Next H1 swing Low is 1.2553...
  • #3,882
  • Jul 2, 2019 1:49am Jul 2, 2019 1:49am
Quoting Jazz1964
{quote} 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.
Thanks a lot...
  • #3,883
  • Jul 2, 2019 1:54am Jul 2, 2019 1:54am
Quoting david321
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
That's for me also a tough subject. I tend to do that around +8 to +10 pips.
Yesterday I did that too and they kicked me out with that J Hook thingy behavior. 10 pips in a second down.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB

Chart-wise, price didn't make a fresh low so in fact, there was nothing wrong yet with my position.
My thoughts on this is: I should judge if there is any reason to think I trade in the wrong direction.

If I get kicked out, I don't hesitate to get in again when I see reason.
That's why it is beautiful if you develop your trading to the point where you are able to get a 2nd and 3rd trade on.
Trading S/R with PA only. No indicators anymore!
  • #3,884
  • Jul 2, 2019 2:03am Jul 2, 2019 2:03am
Quoting fxpractice
{quote} Thanks a lot...
Here you can see such HD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB


Also, note price could not pass the 50% ABCD.
Now hoping for M5 bear support
Trading S/R with PA only. No indicators anymore!
  • #3,885
  • Jul 2, 2019 2:24am Jul 2, 2019 2:24am
Sooooo very difficult to accurately read these charts. Bullish divergence everywhere on the higher time frames. So easy to get it wrong.
  • #3,886
  • Jul 2, 2019 2:29am Jul 2, 2019 2:29am
Quoting mayflower
Sooooo very difficult to accurately read these charts. Bullish divergence everywhere on the higher time frames. So easy to get it wrong.
Can you show me where you spotted H1 bull div? I fail to see that.
Trading S/R with PA only. No indicators anymore!
  • #3,887
  • Jul 2, 2019 2:31am Jul 2, 2019 2:31am
Quoting Jazz1964
{quote} Here you can see such HD {image} Also, note price could not pass the 50% ABCD. Now hoping for M5 bear support
Hi Jazz

Would you mind explain how to draw the ABC triangle please? Specially how you define the pivot point? The PDF doesn't seem to explain it although it shows a lot of examples

Many thanks
  • #3,888
  • Jul 2, 2019 2:43am Jul 2, 2019 2:43am
Here we are Jazz. Admittedly the 60 candle is yet to close but it has already done a hidden divergence and both the 5 and 14 rsi are in divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 204 KB
  • #3,889
  • Jul 2, 2019 2:45am Jul 2, 2019 2:45am
Quoting mayflower
Here we are Jazz. Admittedly the 60 candle is yet to close but it has already done a hidden divergence and both the 5 and 14 rsi are in divergence. {image}
Aah, I thought you spotted bull div on the previous bar(s)
Trading S/R with PA only. No indicators anymore!
  • #3,890
  • Jul 2, 2019 2:57am Jul 2, 2019 2:57am
Quoting Jazz1964
{quote} Here you can see such HD {image} Also, note price could not pass the 50% ABCD. Now hoping for M5 bear support
That is where I shorted Jazz for the ABCD target and done for the day now.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
  • #3,891
  • Jul 2, 2019 3:01am Jul 2, 2019 3:01am
Quoting Nala66
{quote} That is where I shorted Jazz for the ABCD target and done for the day now. {image}
I did exactly the same
Trading S/R with PA only. No indicators anymore!
  • #3,892
  • Jul 2, 2019 3:05am Jul 2, 2019 3:05am
I still don't understand why you guys are looking for bull divs and so on when we are so clearly trading below the average.

I made that mistake yesterday.
  • #3,893
  • Jul 2, 2019 3:08am Jul 2, 2019 3:08am
Quoting Nala66
I still don't understand why you guys are looking for bull divs and so on when we are so clearly trading below the average. I made that mistake yesterday.
i took the same trade as you guys.... i am done for the day!!!
  • #3,894
  • Jul 2, 2019 3:15am Jul 2, 2019 3:15am
Quoting luckyvictor
{quote} Hi Jazz Would you mind explain how to draw the ABC triangle please? Specially how you define the pivot point? The PDF doesn't seem to explain it although it shows a lot of examples Many thanks
Go to Baby Pips or any text book you like and look up hidden divergence.
  • #3,895
  • Jul 2, 2019 3:16am Jul 2, 2019 3:16am
Quoting Nala66
{quote} That is where I shorted Jazz for the ABCD target and done for the day now. {image}
hey alan what is your deal size as i am also trading on 500 $ account, was you able to get 2 and 3 entry as i was only able to get 1st entry.
  • #3,896
  • Edited 3:31am Jul 2, 2019 3:20am | Edited 3:31am
Quoting luckyvictor
{quote} Hi Jazz Would you mind explain how to draw the ABC triangle please? Specially how you define the pivot point? The PDF doesn't seem to explain it although it shows a lot of examples Many thanks
(edited)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB

C is the recent high pivot
you can connect C to A which is the first pivot above C which has the cont div
then you look for low between A and C. That's the B.
Then select the AB line, press your Ctrl key and copy-paste AB to fit C.

preferably A and C are each on a different side of the EMA.

A pivot high is a bull bar which close is higher than the close of the bar(s) to its left and right: /\
A pivot low os a bear bar which close is lower than the close of the bar(s) to its left and right: \/
Trading S/R with PA only. No indicators anymore!
  • #3,897
  • Jul 2, 2019 3:30am Jul 2, 2019 3:30am
Quoting Jazz1964
{quote} (edited) {image} C is the recent high pivot you can connect C to A which is the first pivot above C which has the cont div then you look for low between A and C. That's the B. Then select the AB line, press your Ctrl key and copy-paste AB to fit C. preferably A and C are each on the different side of the EMA. A pivot high is a bull bar which close is higher than the close of the bar(s) to its left and right: /\ A pivot low os a bear bar which close is lower than the close of the bar(s) to its left and right: \/
Sorry Jazz could you attach your chart again please?
It can not be enlarged now.
Thank you.
P.S. Now it's OK.
Thanks.
  • #3,898
  • Jul 2, 2019 3:32am Jul 2, 2019 3:32am
Quoting fxpractice
{quote} Sorry Jazz could you attach your chart again please? It can not be enlarged now. Thank you.
works here...
Trading S/R with PA only. No indicators anymore!
  • #3,899
  • Jul 2, 2019 3:44am Jul 2, 2019 3:44am
Quoting Jazz1964
{quote} (edited) {image} C is the recent high pivot you can connect C to A which is the first pivot above C which has the cont div then you look for low between A and C. That's the B. Then select the AB line, press your Ctrl key and copy-paste AB to fit C. preferably A and C are each on a different side of the EMA. A pivot high is a bull bar which close is higher than the close of the bar(s) to its left and right: /\ A pivot low os a bear bar which close is lower than the close of the bar(s) to its left and right: \/
Thanks Jazz for this clear definition, I should go back to example and apply the theory
  • #3,900
  • Jul 2, 2019 3:52am Jul 2, 2019 3:52am
Quoting david321
{quote} hey alan what is your deal size as i am also trading on 500 $ account, was you able to get 2 and 3 entry as i was only able to get 1st entry.
I only got a $1 and a $2 order on that trade
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