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Trading the Cable swings via averages

  • #4,481
  • Sep 6, 2019 8:23pm Sep 6, 2019 8:23pm
On the 1 hour things are a tad different.

We see the bulls were unable to find support to take it long but the bears have found support to take it short. So unless the bulls find the energy to take out the support then we can assume shorts are the order of the day until things change. However the market was a tad flat for most of the day so come Monday trades need to be kept close to the chest with tight stops and quick direction changes as this battle gets sorted.

It would seem the bears are reluctant to let the bulls get into that wide open space for now and I am still keeping half an eye on that monthly chart though goodness knows how long that will take.
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  • #4,482
  • Sep 6, 2019 8:36pm Sep 6, 2019 8:36pm
On the 5 min we have a short signal and here too the bears have found support for this small target. I suppect we may see the target hit in the form of gappage over the weekend. Nice to stick ones neck out now and again hey!
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  • #4,483
  • Sep 9, 2019 12:52am Sep 9, 2019 12:52am
Quoting Nala66
On the 5 min we have a short signal and here too the bears have found support for this small target. I suppect we may see the target hit in the form of gappage over the weekend. Nice to stick ones neck out now and again hey! {image}
And as we say in the cricket... Hows Zat!

Now the 5 min has another short signal but price is almost there.
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  • #4,484
  • Sep 9, 2019 1:06am Sep 9, 2019 1:06am
On my 4 hour chart I have that marked as a return to the EMA where it could well bounce looking at the fast RSI.
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  • #4,485
  • Sep 9, 2019 1:07am Sep 9, 2019 1:07am
Quoting Nala66
{quote} And as we say in the cricket... Hows Zat! Now the 5 min has another short signal but price is almost there. {image}
Like clockwork! Nice job Alan
  • #4,486
  • Sep 9, 2019 1:55am Sep 9, 2019 1:55am
Not too sure about this situation now. The 5 has hit the target and run into a bullish div (so long on that)

We may see the hook before we cross the EMA so holding off for the 2nd entry with stop at BE now.
  • #4,487
  • Sep 9, 2019 1:59am Sep 9, 2019 1:59am
Quoting Nala66
Not too sure about this situation now. The 5 has hit the target and run into a bullish div (so long on that) We may see the hook before we cross the EMA so holding off for the 2nd entry with stop at BE now.
Were you short and then hedged at the bull div?

Cheers
  • #4,488
  • Sep 9, 2019 2:01am Sep 9, 2019 2:01am
Got the 2nd on with a two bar test on the 1m. Stops are very tight at the moment.

Will be stopped out at 2262
  • #4,489
  • Sep 9, 2019 2:05am Sep 9, 2019 2:05am
Got me.
I pip profit

Wil wait and see from here.
  • #4,490
  • Sep 9, 2019 2:06am Sep 9, 2019 2:06am
Looks like the 4 hour is going for the line.
  • #4,491
  • Sep 9, 2019 3:24am Sep 9, 2019 3:24am
Well that was nice, ran the 4H EMA to find a nice bull div on the 5 min which was also the 50% target on the 1 hour so a nice long paid off.
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  • #4,492
  • Sep 9, 2019 3:32am Sep 9, 2019 3:32am
What do you think guys. Is the 5M EMA going to make a HH?
  • #4,493
  • Sep 9, 2019 3:38am Sep 9, 2019 3:38am
The 1H is testing the bear support
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  • #4,494
  • Sep 9, 2019 4:01am Sep 9, 2019 4:01am
Quoting Nala66
On my 4 hour chart I have that marked as a return to the EMA where it could well bounce looking at the fast RSI. {image}
Well it did bounce and nicely so.

Another bull bar and we could be looking at the 2471 level
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  • #4,495
  • Sep 9, 2019 4:03am Sep 9, 2019 4:03am
I am expecting things to quiet down a tad now.
  • #4,496
  • Sep 9, 2019 4:17am Sep 9, 2019 4:17am
Quoting Nala66
I am expecting things to quiet down a tad now.
Awesome Alan. Nice move on right time as always
  • #4,497
  • Sep 9, 2019 5:31am Sep 9, 2019 5:31am
Quoting quangvision
{quote} Awesome Alan. Nice move on right time as always
Didn't stay quiet for long hey! This thing is in a hurry to get up there.
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  • #4,498
  • Sep 9, 2019 5:38am Sep 9, 2019 5:38am
Here you go James...
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  • #4,499
  • Sep 9, 2019 5:42am Sep 9, 2019 5:42am
The RSI lines I have there have not been tidied up for accuracy sake.
  • #4,500
  • Sep 9, 2019 5:47am Sep 9, 2019 5:47am
Just a word here about the money management.

If we don't keep pushing with a 1,2,3 entry at every opportunity we seriously impede our chances of being overall winners.

!:! or 2:1 even 5:1 is just not good enough we should be striving for 25 or even 50:1 returns.
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