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Trading the Cable swings via averages

  • #3,901
  • Jul 2, 2019 3:56am Jul 2, 2019 3:56am
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I draw the blue lines on each top and bottom as the day develops and erase passed ones. I don't use the indicator to do this for me because now I am extra aware what move the EMA makes and which tops and bottoms are taken out.
Defining trend by the EMA is so much better than defining trend by price H+L.
Who invented that?
Trading S/R with PA only. No indicators anymore!
  • #3,902
  • Jul 2, 2019 4:01am Jul 2, 2019 4:01am
Quoting Nala66
{quote} I only got a $1 and a $2 order on that trade
i also got 1$ entery , but could not find a second entery , can you post a chart telling where and how you get the 2$ entry,.
that will be great
  • #3,903
  • Jul 2, 2019 4:59am Jul 2, 2019 4:59am
Quoting david321
{quote} i also got 1$ entery , but could not find a second entery , can you post a chart telling where and how you get the 2$ entry,. that will be great
The closing cross of the EMA was good enough for me David.
  • #3,904
  • Jul 2, 2019 5:03am Jul 2, 2019 5:03am
Here it goes again
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  • #3,905
  • Jul 2, 2019 5:06am Jul 2, 2019 5:06am
See how it has not yet closed across the EMA
  • #3,906
  • Jul 2, 2019 5:14am Jul 2, 2019 5:14am
Hi guys,

I have found this thread yesterday and I´m excited. My eyes are burning and my head is humming due to my serious try to understand every bit of this awesome strategy.

One question I have: I reached post #380 (Page 20). Alan puts very worthful information piece by piece in his posts. I am thinking that after page 20 I understand the basics. But how can I know? There are approx. 170 pages or more than 3500 posts left...

Can anyone help me and tell me if I have to go thru all the thousands of posts? Or if there is somewhere hidden a good summary?

I am serious to learn this here thoroughly. But 3500 remaining posts pushes me to ask this question. Honestly... Not lazy... Just asking...

Thanks in advance! And Alan, I bow deep due to your effort and success. I have no words...
Trying to safe the world...
  • #3,907
  • Jul 2, 2019 5:32am Jul 2, 2019 5:32am
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  • #3,908
  • Jul 2, 2019 6:18am Jul 2, 2019 6:18am
I bought the bottom
Now let me c how to get out
Will it fail to pass the 50% D level?
Remarkable is that D is exact the M5 EMA swing high and the H1 EMA
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Trading S/R with PA only. No indicators anymore!
  • #3,909
  • Jul 2, 2019 7:26am Jul 2, 2019 7:26am
Quoting RobertMY
Hi guys, I have found this thread yesterday and I´m excited. My eyes are burning and my head is humming due to my serious try to understand every bit of this awesome strategy. One question I have: I reached post #380 (Page 20). Alan puts very worthful information piece by piece in his posts. I am thinking that after page 20 I understand the basics. But how can I know? There are approx. 170 pages or more than 3500 posts left... Can anyone help me and tell me if I have to go thru all the thousands of posts? Or if there is somewhere hidden a good summary?...
A 200-page book is not that much to learn for a job discipline. Good you are not lazy but just eager to understand.
You can grab David's pdf here https://www.forexfactory.com/showthr...0#post12201200
after that post, there is still a lot of valuable information to be found.
I would say, work yourself through it.
Trading S/R with PA only. No indicators anymore!
  • #3,910
  • Jul 2, 2019 7:28am Jul 2, 2019 7:28am
Quoting blessedchuck
{image}
Congratz.
Is there a way you can show what you did on a chart?
Trading S/R with PA only. No indicators anymore!
  • #3,911
  • Jul 2, 2019 7:40am Jul 2, 2019 7:40am
Quoting Jazz1964
{quote} A 200-page book is not that much to learn for a job discipline. Good you are not lazy but just eager to understand. You can grab David's pdf here https://www.forexfactory.com/showthr...0#post12201200 after that post, there is still a lot of valuable information to be found. I would say, work yourself through it.
Perfect! Thank you! this was what I was looking for!

I would even read 400 pages. I love this thread!
Trying to safe the world...
  • #3,912
  • Jul 2, 2019 10:10am Jul 2, 2019 10:10am
Quoting Jazz1964
{quote} Congratz. Is there a way you can show what you did on a chart?
it's on page 194
  • #3,913
  • Jul 2, 2019 11:23am Jul 2, 2019 11:23am
Quoting 4xtrader41
{quote} hey Jazz, DO you only use the 26 ema, i mean i never see you use the 78 like Alan. I am using both but was gonna drop down to the single one, is there a reason why u dont use it? Also did u get that recent drop?
the 26 signaled on the 5m and 15m, rsi div
  • #3,914
  • Jul 2, 2019 3:46pm Jul 2, 2019 3:46pm
Quoting RobertMY
Hi guys, I have found this thread yesterday and I´m excited. My eyes are burning and my head is humming due to my serious try to understand every bit of this awesome strategy. One question I have: I reached post #380 (Page 20). Alan puts very worthful information piece by piece in his posts. I am thinking that after page 20 I understand the basics. But how can I know? There are approx. 170 pages or more than 3500 posts left... Can anyone help me and tell me if I have to go thru all the thousands of posts? Or if there is somewhere hidden a good summary?...
Why wouldn't you read through the whole thread and draw on Alan's years of experience. It's not like he is typing all this for you not to read.
  • #3,915
  • Jul 2, 2019 4:40pm Jul 2, 2019 4:40pm
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....
Hi Alan, could you please clarify what time bar 108 occurs with relation to the European sessions? Is it half an hour before Frankfurt, or half an hour before London?

I had thought it was an hour before London, but your post above suggests otherwise.

Cheers
  • #3,916
  • Jul 2, 2019 5:00pm Jul 2, 2019 5:00pm
Quoting k1w1
{quote} Hi Alan, could you please clarify what time bar 108 occurs with relation to the European sessions? Is it half an hour before Frankfurt, or half an hour before London? I had thought it was an hour before London, but your post above suggests otherwise. Cheers
It starts at Frankfurt open, though you may sometimes get in on a move 30 min before, here is a period indicator, so set the bar time to Frankfurt open, IM in OZ and I set it too 9

https://www.forexfactory.com/showthr...6#post11799016
life is a reflection of what we allow ourselves to see
  • #3,917
  • Jul 2, 2019 6:33pm Jul 2, 2019 6:33pm
Yesterday I suggested you all should be looking for shorts as we are trading below the 1H ema. You can go long but remember they are scalps.

Look what happened when price got back to the EMA, traded at the 5M level you would have seen this.
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  • #3,918
  • Jul 2, 2019 6:37pm Jul 2, 2019 6:37pm
Quoting Nala66
Yesterday I suggested you all should be looking for shorts as we are trading below the 1H ema. You can go long but remember they are scalps. Look what happened when price got back to the EMA, traded at the 5M level you would have seen this. {image}
i took that trade... 2 awesome trades today on GU
  • #3,919
  • Jul 2, 2019 6:44pm Jul 2, 2019 6:44pm
At this point in time it looks to me like the 1H is aiming for the 2542 average swing low.

In real time we may well have lots of options long and short to pick up our daily pips because the both bulls and bears are always trying to defend their positions.

On my MM schedule I am already a day ahead of myself still trading 1,2,and 3 dollars respectively and have yet to get on a 3, managing quite well with a 1 and 2 entry to easily make the required $25 a day.
  • #3,920
  • Edited 7:03pm Jul 2, 2019 6:49pm | Edited 7:03pm
Quoting Nala66
At this point in time it looks to me like the 1H is aiming for the 2542 average swing low. In real time we may well have lots of options long and short to pick up our daily pips because the both bulls and bears are always trying to defend their positions. On my MM schedule I am already a day ahead of myself still trading 1,2,and 3 dollars respectively and have yet to get on a 3, managing quite well with a 1 and 2 entry to easily make the required $25 a day.
Hey Alan do u always use the 78 EMA?

I see some ppl use it and some dont... I have been just wondering
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