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Trading the Cable swings via averages

  • #5,161
  • Dec 10, 2019 2:49am Dec 10, 2019 2:49am
Quoting Nala66
The 5 min short also kicked off with a HD 'again'
I don't see that one
Trading S/R with PA only. No indicators anymore!
  • #5,162
  • Dec 10, 2019 3:00am Dec 10, 2019 3:00am
Yep, well it was a sneaky one Jazz
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  • #5,163
  • Dec 10, 2019 4:24am Dec 10, 2019 4:24am
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That Short was taken on H1 HD & M15 Div & M5 Div
The exit at M5 swing low.
All okay so far.

Just that closing of the Short is basically a Buy.
Meaning I wanted to Buy.
And yes, it is a good Buy setup, not to say a great one.
Just.... I had to put money on it.
Trading S/R with PA only. No indicators anymore!
  • #5,164
  • Dec 10, 2019 5:49am Dec 10, 2019 5:49am
I don't have any M5 swing highs marked above here on my chart anymore.
Trading S/R with PA only. No indicators anymore!
  • #5,165
  • Dec 10, 2019 5:57am Dec 10, 2019 5:57am
Quoting Jazz1964
I don't have any M5 swing highs marked above here on my chart anymore.
Neither do I. Have to use the higher time frame ones.
  • #5,166
  • Dec 10, 2019 5:59am Dec 10, 2019 5:59am
Look at the daily price is in that wide open space
  • #5,167
  • Dec 10, 2019 6:00am Dec 10, 2019 6:00am
Quoting Jazz1964
I don't have any M5 swing highs marked above here on my chart anymore.
I think that is why it is so choppy, it keeps forming the lumps and bumps on the 1 minute average.
  • #5,168
  • Dec 10, 2019 6:02am Dec 10, 2019 6:02am
See if this 5 min ABCD makes the 3154
  • #5,169
  • Dec 10, 2019 6:07am Dec 10, 2019 6:07am
Bullish HD on the 5 I went long
  • #5,170
  • Dec 10, 2019 6:08am Dec 10, 2019 6:08am
Stop safe now at 3169
  • #5,171
  • Dec 10, 2019 6:13am Dec 10, 2019 6:13am
Stopped out for +1

Going to call it a day now.

See yall tomorrow
  • #5,172
  • Dec 10, 2019 6:19am Dec 10, 2019 6:19am
Quoting Nala66
Stopped out for +1 Going to call it a day now. See yall tomorrow
Enjoy your evening Alan!
Trading S/R with PA only. No indicators anymore!
  • #5,173
  • Dec 10, 2019 6:50pm Dec 10, 2019 6:50pm
That took forever for the average to finally break the 3159 and of course price runs to the next level 3205 arriving there in an RSI div.

Unless the bears can make a LL average we would expect the next level to be the 3277 as the bulls make the HH average. Already the bears have run into trouble so I would be expecting a continuation to the long side, but at this stage that would be guess work.
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  • #5,174
  • Dec 11, 2019 12:33am Dec 11, 2019 12:33am
Just before our open I can't pick this just yet.

The bears are still fighting to gain support but the bulls have them in divergence.

The EMA is testing for a LL but the bulls don't seem to like that idea.

Going to wait and see for a while.
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  • #5,175
  • Dec 11, 2019 12:35am Dec 11, 2019 12:35am
I beg your pardon the bears did find support but the bulls took it away.
  • #5,176
  • Dec 11, 2019 12:55am Dec 11, 2019 12:55am
Quoting Nala66
That took forever for the average to finally break the 3159 and of course price runs to the next level 3205 arriving there in an RSI div. Unless the bears can make a LL average we would expect the next level to be the 3277 as the bulls make the HH average. Already the bears have run into trouble so I would be expecting a continuation to the long side, but at this stage that would be guess work. {image}
Instead of 1.3205 I have 1.3214 marked up. Which was the exact bounce.
I just checked that number in history and I think it is correct. Maybe you should check it too, so we have a good picture of what swings are doing?

I also have 3218 and 3225 and 1.3267 marked but those are no swing highs. Just a grey field between red and blue.
Trading S/R with PA only. No indicators anymore!
  • #5,177
  • Dec 11, 2019 1:42am Dec 11, 2019 1:42am
I should have taken the Short with a tight SL.
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Regret always comes too late as we say here. I wanted to see price heading into the H1 EMA but the Bears didn't wait for that. The M30 EMA again was resistance.
The H1 EMA currently attacks yesterday's sideways level as Alan pointed.
M15 targets:
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Trading S/R with PA only. No indicators anymore!
  • #5,178
  • Dec 11, 2019 2:19am Dec 11, 2019 2:19am
Quoting Jazz1964
{quote} Instead of 1.3205 I have 1.3214 marked up. Which was the exact bounce. I just checked that number in history and I think it is correct. Maybe you should check it too, so we have a good picture of what swings are doing? I also have 3218 and 3225 and 1.3267 marked but those are no swing highs. Just a grey field between red and blue.
Mine was just a close enough but when I blow the thing right up I can see you are correct but then I would have been looking at the 32123...1.5 pips difference hey!
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  • #5,179
  • Dec 11, 2019 2:26am Dec 11, 2019 2:26am
I am looking at the 15 min 50% as being a ZOO point
  • #5,180
  • Dec 11, 2019 2:34am Dec 11, 2019 2:34am
Got my stop to BE at last

These HDs kept stopping out, someone is playing silly beggars
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