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Trading the Cable swings via averages

  • #4,881
  • Oct 21, 2019 8:05pm Oct 21, 2019 8:05pm
Quoting huskyboy
{quote} suppose the C closed at 29700, which price pivot low would it be attacking?
Wow, got it now. Thanks for patiently explaining it. I was dumb for not getting it earlier. Glad you helped me out.
  • #4,882
  • Oct 21, 2019 8:46pm Oct 21, 2019 8:46pm
Quoting huskyboy
{quote} suppose the C closed at 29700, which price pivot low would it be attacking?
Thanks for explaining this in my absence.

When we reach the level of being able to teach others then we are well on the road to having a complete comprehension of the processes involved.

By way of a little more explanation...

We never know where A and B are until C forms, which is the current price action point (CAP). With this in mind we can speculate an outcome if C makes a certain point. It may not happen but we prepare for it to do so.

We can always see which pivot price is currently attacking so this may cause us to shift our A and B so we are reading inferences into the chart all the time and adjusting accordingly.

Then we apply our money management to the process regarding the trend as our best bet and dropping to the lowest time frame to get an entry point in the desired direction. Our entries are staggered to allow for things going wrong and when they do we NEVER add to a losing position, far better to be stopped out and take a fresh look at the situation. When we are right we make a huge profit where we may double or treble our target depending on the speculated distance.

Sometimes we may just close our second and third trade taking the profit and letting the first trade run more. This means when a trend is proving to be strong we can take a new signal starting with the second entry under the protection of the first now many pips away.
  • #4,883
  • Oct 21, 2019 9:09pm Oct 21, 2019 9:09pm
Quoting Nala66
{quote} Thanks for explaining this in my absence. When we reach the level of being able to teach others then we are well on the road to having a complete comprehension of the processes involved. By way of a little more explanation... We never know where A and B are until C forms, which is the current price action point (CAP). With this in mind we can speculate an outcome if C makes a certain point. It may not happen but we prepare for it to do so. We can always see which pivot price is currently attacking so this may cause us to shift our A and...
Thanks for the additional explanation.
  • #4,884
  • Oct 22, 2019 2:53am Oct 22, 2019 2:53am
H1 is preparing a beautifull ABCD, another 7 minutes
  • #4,885
  • Oct 22, 2019 3:16am Oct 22, 2019 3:16am
Quoting huskyboy
H1 is preparing a beautifull ABCD, another 7 minutes
is this what you're referring to?
Attached Image (click to enlarge)
Click to Enlarge Name: abcd.png Size: 25 KB
  • #4,886
  • Oct 22, 2019 3:56am Oct 22, 2019 3:56am
Quoting KevinOwens
{quote} is this what you're referring to? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 2210 1014.png Size: 58 KB


sorry for late respons but i guess its this one
  • #4,887
  • Oct 22, 2019 4:00am Oct 22, 2019 4:00am
Quoting huskyboy
{quote} {image} sorry for late respons but i guess its this one
Hi, thanks for the reply. But, I guess the second ABCD is wrong, because both pivots are on the same side of EMA.
  • #4,888
  • Oct 22, 2019 4:05am Oct 22, 2019 4:05am
Quoting KevinOwens
{quote} Hi, thanks for the reply. But, I guess the second ABCD is wrong, because both pivots are on the same side of EMA.
could be but i thought that only A and C pivots should be on different side of EMA
  • #4,889
  • Oct 22, 2019 4:49am Oct 22, 2019 4:49am
Quoting huskyboy
{quote} could be but i thought that only A and C pivots should be on different side of EMA
Let us wait for what Alan has to say.
  • #4,890
  • Oct 22, 2019 6:37am Oct 22, 2019 6:37am
Quoting huskyboy
H1 is preparing a beautifull ABCD, another 7 minutes
No, notice the B would be on the wrong side of the EMA.
  • #4,891
  • Oct 22, 2019 6:41am Oct 22, 2019 6:41am
Look at this one on the 5 min.

It is a classic failure and why we should move our stops to prevent any damage.

Look how quickly it crosses back to the upside target 40 pips away.
Attached Image (click to enlarge)
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  • #4,892
  • Oct 22, 2019 6:45am Oct 22, 2019 6:45am
And now yes we have another...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #4,893
  • Oct 22, 2019 9:12am Oct 22, 2019 9:12am
Quoting KevinOwens
{quote} Let us wait for what Alan has to say.
Well now we know, i was wrong. Thx Alan for explanation

So for an ABCD it should be like this:
- A is always higher than C
- B is always lower than C
- A and B should be on the same side of EMA
- A and C should be on different side of EMA
  • #4,894
  • Oct 22, 2019 9:43am Oct 22, 2019 9:43am
Quoting huskyboy
{quote} Well now we know, i was wrong. Thx Alan for explanation So for an ABCD it should be like this: - A is always higher than C - B is always lower than C - A and B should be on the same side of EMA - A and C should be on different side of EMA
B and C on different sides also as in the triangles marked with an X here.

Remember that if they are on the same side they are still divergences but not of the ABCD type
Attached Image (click to enlarge)
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  • #4,895
  • Oct 22, 2019 8:11pm Oct 22, 2019 8:11pm
After I shut down last night I see we had two more ABCD's that failed in their respective trending direction and rapidly shot to the opposite side of the ball park.

Fair warning to all not to become complacent and to manage those stops and quick reversals.
Attached Image (click to enlarge)
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  • #4,896
  • Oct 24, 2019 1:56am Oct 24, 2019 1:56am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 2410 0845.png Size: 53 KB


didn't completely reach D, HD on top
  • #4,897
  • Oct 24, 2019 2:42am Oct 24, 2019 2:42am
Quoting huskyboy
{image} didn't completely reach D, HD on top
I don't see where the HD was?

Took a few hours but it finally made the D and the swing high average.

The red X I have on this chart shows we can't gat a signal from this point...wrong side.
Attached Image (click to enlarge)
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  • #4,898
  • Edited 3:14am Oct 24, 2019 2:52am | Edited 3:14am
Quoting Nala66
{quote} I don't see where the HD was? Took a few hours but it finally made the D and the swing high average. The red X I have on this chart shows we can't gat a signal from this point...wrong side. {image}
HD in 03.00 bar. Could you pls explain about that red X?
Just reread the pdf from Jazz about HD and indeed no HD. Sorry...
  • #4,899
  • Oct 24, 2019 5:58am Oct 24, 2019 5:58am
Hi Alan. Thank you for your posts. Have I drawn correctly this ABC triangle signal found on the 5 minute chart. Thanks
Attached Image (click to enlarge)
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  • #4,900
  • Oct 24, 2019 7:00am Oct 24, 2019 7:00am
Quoting huskyboy
{quote} HD in 03.00 bar. Could you pls explain about that red X? Just reread the pdf from Jazz about HD and indeed no HD. Sorry...
Yes that red X means we can only expect a div not of the ABCD type
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