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Trading the Cable swings via averages

  • #4,201
  • Jul 18, 2019 2:19am Jul 18, 2019 2:19am
And now because I am not in the trade we get the impulse bar on the 5 min...Bugger
  • #4,202
  • Jul 18, 2019 2:23am Jul 18, 2019 2:23am
We were trading above the H1 EMA with M5 EMA making HH HL
I closed the Long at the H4 EMA
Trading S/R with PA only. No indicators anymore!
  • #4,203
  • Jul 18, 2019 2:25am Jul 18, 2019 2:25am
Quoting Jazz1964
We were trading above the H1 EMA with M5 EMA making HH HL I closed the Long at the H4 EMA
and there was a bull RSI/RSI on the M5 at the touch of the EMA H1
  • #4,204
  • Jul 18, 2019 2:42am Jul 18, 2019 2:42am
Quoting Jazz1964
We were trading above the H1 EMA with M5 EMA making HH HL I closed the Long at the H4 EMA
That is what I was looking for initially.

Went long, then short, then long again and closed it too early for 20 pips so far.

This was my effort...
Attached Image (click to enlarge)
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  • #4,205
  • Jul 18, 2019 2:48am Jul 18, 2019 2:48am
Quoting Nala66
{quote} That is what I was looking for initially. Went long, then short, then long again and closed it too early for 20 pips so far. This was my effort... {image}
thx for the chart, really helpfull
  • #4,206
  • Jul 18, 2019 2:48am Jul 18, 2019 2:48am
By the way that was a 1m chart with all the EMA's on it so I can readily see the target levels. This is a separate 1m chart than my normal one.
  • #4,207
  • Jul 18, 2019 2:53am Jul 18, 2019 2:53am
Quoting Nala66
{quote} That is what I was looking for initially. Went long, then short, then long again and closed it too early for 20 pips so far.
It wasn't easy at all since we just had the M5 bear support,
so my entry was against that. I had to say to myself: The EMA makes the HH and HL's. You have the bull div at previous bull support. Trade what you see.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 137 KB
Trading S/R with PA only. No indicators anymore!
  • #4,208
  • Jul 18, 2019 2:55am Jul 18, 2019 2:55am
I really hate missing these, very bad boy Alan
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
  • #4,209
  • Jul 18, 2019 3:00am Jul 18, 2019 3:00am
Quoting Jazz1964
{quote} It wasn't easy at all since we just had the M5 bear support, so my entry was against that. I had to say to myself: The EMA makes the HH and HL's. You have the bull div at previous bull support. Trade what you see. {image}
Well done Jazz.
>>>>>>>>>>>>>>>>>>>>>>>>>>>

It is worth mentioning here again that when these impulse bars hit a target level (4H EMA) is is best to close because it can take quite some time to get back to this level. We can always get other entries later down the track if needed.
  • #4,210
  • Jul 18, 2019 3:07am Jul 18, 2019 3:07am
The 50% retrace is 2480 so we may see a cross of the 4H EMA
  • #4,211
  • Jul 18, 2019 3:26am Jul 18, 2019 3:26am
I have these 50% marked
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 109 KB
Trading S/R with PA only. No indicators anymore!
  • #4,212
  • Jul 18, 2019 3:32am Jul 18, 2019 3:32am
Quoting Jazz1964
I have these 50% marked {image}
Yes Jazz, not too sure about that one so I was looking just at this retracement.
Attached Image (click to enlarge)
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  • #4,213
  • Jul 18, 2019 3:36am Jul 18, 2019 3:36am
Jazz if you take the low RSI as per our discussion then it has hit the 50% level?
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  • #4,214
  • Jul 18, 2019 3:39am Jul 18, 2019 3:39am
Quoting Jazz1964
I have these 50% marked {image}
Jazz if i may ask, how do you get that blue one? And yes Alan we are now at C off that posible AB=CD on H1, if i understand it
  • #4,215
  • Jul 18, 2019 3:55am Jul 18, 2019 3:55am
Quoting huskyboy
{quote} Jazz if i may ask, how do you get that blue one? And yes Alan we are now at C off that posible AB=CD on H1, if i understand it
Yes at C.

The blue one is the AB of the Magenta one
  • #4,216
  • Jul 18, 2019 3:57am Jul 18, 2019 3:57am
This current High is holding on the lower time frames.

New 4 hour bar in a minute
  • #4,217
  • Jul 18, 2019 3:59am Jul 18, 2019 3:59am
Quoting Nala66
{quote} Yes Jazz, not too sure about that one so I was looking just at this retracement. {image}
I will check it out when I am at home again
Trading S/R with PA only. No indicators anymore!
  • #4,218
  • Jul 18, 2019 4:05am Jul 18, 2019 4:05am
Which way? The bulls have stopped the average!
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  • #4,219
  • Jul 18, 2019 4:31am Jul 18, 2019 4:31am
It is now dithering at the 4H EMA, heads or tails anyone
  • #4,220
  • Jul 18, 2019 4:34am Jul 18, 2019 4:34am
Looking for bear support on the 5min
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