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Trading the Cable swings via averages

  • #4,941
  • Oct 31, 2019 5:05am Oct 31, 2019 5:05am
Quoting Dubtrader
{quote} Your unlucky, price gone back up, typical!! I made a mistake the opposite way, I should have cashed in the long and kept the hedge short for another 7-8 pips, although my hedge was underwater for a while that's why I cashed out. Wait and see for me atm before I decide the next move. Hard to know which way it will go with all the bearish divs around.
thx, yes at that moment there was a bull div, now long from 50% level, failed to break it with bull div
  • #4,942
  • Oct 31, 2019 5:26am Oct 31, 2019 5:26am
Only target I can see atm on the M5 other than the M15 target already posted
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  • #4,943
  • Oct 31, 2019 5:29am Oct 31, 2019 5:29am
Quoting huskyboy
long from 434 and now stopped out for 10, did i do something wrong?
Probably you just jumped in too early
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  • #4,944
  • Oct 31, 2019 5:33am Oct 31, 2019 5:33am
Bingo!!!!
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  • #4,945
  • Oct 31, 2019 5:35am Oct 31, 2019 5:35am
Nearly there now
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  • #4,946
  • Oct 31, 2019 5:39am Oct 31, 2019 5:39am
Quoting Nala66
{quote} Probably you just jumped in too early {image}
sometimes its difficult for me, if i wait for the close above the ema you can bet it makes a big jump up so i get in too late, if i enter like now around the C with a div i get stopped out. But now as you point out i better look at where the fast rsi is. Always learning. Thanks for your chart, very helpfull
  • #4,947
  • Oct 31, 2019 6:30am Oct 31, 2019 6:30am
Quoting huskyboy
{quote} sometimes its difficult for me, if i wait for the close above the ema you can bet it makes a big jump up so i get in too late, if i enter like now around the C with a div i get stopped out. But now as you point out i better look at where the fast rsi is. Always learning. Thanks for your chart, very helpfull
Don't worry about it too much. I get it wrong sometimes myself but we just keep pushing for that high reward.
  • #4,948
  • Oct 31, 2019 6:38am Oct 31, 2019 6:38am
The next level to address on the 1 hour is 3014 but it may not do this in 1 day. Who knows?
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  • #4,949
  • Oct 31, 2019 7:32am Oct 31, 2019 7:32am
Attached Image (click to enlarge)
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same situation here, bull div @ C-level, also not a close above the ema, but here i would have had my pips. And look at fast rsi. Is it a bit off gambling at that point? I didn't look at the higher timeframes, they may have the missing link.
  • #4,950
  • Oct 31, 2019 9:49am Oct 31, 2019 9:49am
M15
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  • #4,951
  • Oct 31, 2019 9:52am Oct 31, 2019 9:52am
M5
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  • #4,952
  • Oct 31, 2019 10:56am Oct 31, 2019 10:56am
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and another one, target reached but not trading it. Are you still trading them Dubtrader?
  • #4,953
  • Oct 31, 2019 11:22am Oct 31, 2019 11:22am
Quoting huskyboy
{image} and another one, target reached but not trading it. Are you still trading them Dubtrader?
Yeah still here trading. Long day

M30
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  • #4,954
  • Oct 31, 2019 11:28am Oct 31, 2019 11:28am
Quoting huskyboy
{image} and another one, target reached but not trading it. Are you still trading them Dubtrader?
I see I'm still drawing them wrong though

My version M5
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  • #4,955
  • Oct 31, 2019 11:35am Oct 31, 2019 11:35am
^^ I was being greedy trying to go for bigger targets. lol

Looks better now alright, I knew something was wrong could not spot it though.
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  • #4,956
  • Oct 31, 2019 11:50am Oct 31, 2019 11:50am
Quoting Dubtrader
^^ I was being greedy trying to go for bigger targets. lol Looks better now alright, I knew something was wrong could not spot it though. {image}
Apologies in advance for the daft question, but why is the B point on your magenta ABCD not at the lowest price pivot?
Thanks
  • #4,957
  • Oct 31, 2019 11:59am Oct 31, 2019 11:59am
Quoting bridgstarr
{quote} Apologies in advance for the daft question, but why is the B point on your magenta ABCD not at the lowest price pivot? Thanks
I don't know that's the way I originally had it drawn, with b at the lowest pivot. I still have not mastered these at all. Alan will have to adjudicate.

I seem to just muddle through getting half them right
  • #4,958
  • Oct 31, 2019 12:28pm Oct 31, 2019 12:28pm
Quoting Dubtrader
{quote} I don't know that's the way I originally had it drawn, with b at the lowest pivot. I still have not mastered these at all. Alan will have to adjudicate. I seem to just muddle through getting half them right
to find the pivot B we look for the lowest pivot on the rsi, hope its clear
  • #4,959
  • Oct 31, 2019 12:29pm Oct 31, 2019 12:29pm
Quoting huskyboy
{quote} to find the pivot B we look for the lowest pivot on the rsi, hope its clear
I thought that might be the case, but I wasn't sure. Thanks for the clarification
  • #4,960
  • Oct 31, 2019 12:44pm Oct 31, 2019 12:44pm
Quoting Dubtrader
{quote} Yeah still here trading. Long day M30 {image}
i believe your pivot A is not placed well But hey you are doing great
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