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Trading the Cable swings via averages

  • #5,401
  • Jan 21, 2020 3:13am Jan 21, 2020 3:13am
Good morning, don´t know if there are other german traders following this wonderfull, thread.
FOREX is dead in Germany, not only that it is extremely dangerous, the German government passed a law where they will tax your losses, LEVERAGED.
Meaning you could be trading a small 10000 account with the normal leverage, and end up paying 50000 taxes even being profitable at the end of the year.
Here´s the thread, needless to say, the whole german trading community (including options and stocks is in a panic).

https://www.forexfactory.com/showthread.php?t=975445

Sorry for disrupting the main essence of the thread, but please read in detail all the information available on the internet about the law that already passed. You could easily end up losing your house, if you trade frequently, with high leverage, and even ended up the year with a nice profit.YES unbelievable and absurd.
Even communism is better than this BS.
  • #5,402
  • Jan 22, 2020 12:23am Jan 22, 2020 12:23am
Let's see if this 4 hour bull support takes off
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  • #5,403
  • Jan 22, 2020 6:39am Jan 22, 2020 6:39am
Quoting MrMagnet
Let's see if this 4 hour bull support takes off {image}
sure did, bought every pullback in divergence at a level. Closing the trades at a level is still a problem. I am not sure but is your RSI 5 set to previous indicator?(see post 28)

Attached Image (click to enlarge)
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  • #5,404
  • Jan 22, 2020 6:58am Jan 22, 2020 6:58am
yesterday an ABCD got filled, today the AB=CD got filled
Attached Image (click to enlarge)
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  • #5,405
  • Edited 11:50am Jan 22, 2020 8:46am | Edited 11:50am
H4, EMA needs to break 1,30453
Attachment g
  • #5,406
  • Jan 22, 2020 9:16am Jan 22, 2020 9:16am
Terrific stuff and trading HuskyBoy! congratz!
Trading S/R with PA only. No indicators anymore!
  • #5,407
  • Jan 22, 2020 9:55am Jan 22, 2020 9:55am
Quoting huskyboy
H4, EMA needs to break 1,30453 {image}
Not sure what that bow tie pattern is you have there. Perhaps you could explain.

Well done, nice trading
  • #5,408
  • Edited 12:12pm Jan 22, 2020 10:49am | Edited 12:12pm
Quoting Nala66
{quote} Not sure what that bow tie pattern is you have there. Perhaps you could explain. Well done, nice trading
Alan, thx and that AB=CD was completely wrong, I believe this is better( I didnt mark the + and - zone cause the C wasn't excactly at its 50% level)
Attached Image (click to enlarge)
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  • #5,409
  • Jan 22, 2020 3:48pm Jan 22, 2020 3:48pm
Quoting huskyboy
{quote} I am not sure but is your RSI 5 set to the previous indicator?(see post 28) {image}
It appears not to be. I used Alan's night template for the purpose of posting the chart from post 33. Thanks for pointing that out.
  • #5,410
  • Jan 22, 2020 5:30pm Jan 22, 2020 5:30pm
Quoting huskyboy
{quote} Alan, thx and that AB=CD was completely wrong, I believe this is better( I didnt mark the + and - zone cause the C wasn't excactly at its 50% level){image}
Ha Ha that is funny not marking the +/- because price wasn't at the 50% at C.

That is exactly the point of the +/- but it looks to be only a few pips so no worries as long as you score the bulk of them.
  • #5,411
  • Jan 23, 2020 1:39am Jan 23, 2020 1:39am
Quoting Nala66
{quote} Ha Ha that is funny not marking the +/- because price wasn't at the 50% at C. That is exactly the point of the +/- but it looks to be only a few pips so no worries as long as you score the bulk of them.
Yes Alan, i know that's the reason for pointing them out but in this case the D was already reached so I left them behind. Thx for correcting me, so i can inprove with your strategy Glad you are back.
  • #5,412
  • Jan 23, 2020 2:44am Jan 23, 2020 2:44am
Quoting huskyboy
{quote} Yes Alan, i know that's the reason for pointing them out but in this case the D was already reached so I left them behind. Thx for correcting me, so i can inprove with your strategy Glad you are back.
Not back yet, still got some beer left
  • #5,413
  • Jan 23, 2020 3:02am Jan 23, 2020 3:02am
wasn't at my desk for the long from that low ZOO, prev H1 low, took the short from prev H1 high, H1 and M5 reached that level in divergence, first one taken out sl, reentered the hook, but again taken out . Where does I have to place the sl?
Thx Jazz for pointing out these ZOO's, A lan enjoy the beer, have to go now
Attached Image (click to enlarge)
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  • #5,414
  • Jan 23, 2020 12:10pm Jan 23, 2020 12:10pm
price reached the D of the M5 AB=CD which also was the D of an M30 ABCD; 1 I missed beeing too late at my desk, 2 is posted this morning, 3, 4 and 5 I missed not beeing home but certainly some opportunities to get or 40.
Attached Image (click to enlarge)
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  • #5,415
  • Jan 24, 2020 3:55am Jan 24, 2020 3:55am
H1 ABCD
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  • #5,416
  • Jan 24, 2020 4:14am Jan 24, 2020 4:14am
H1 gave bull div, missed that entry @ 31177 (D of ABCD M5 and C off ABCD H1 and around EMA H1 swing), got in after bull support M15, second entry bul div M5.
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  • #5,417
  • Jan 24, 2020 5:33am Jan 24, 2020 5:33am
I just want to say before the weekend starts, that I developed a deep understanding of the GU moves by studying the EMA26 swings and bounces on TF's between H4 and M5. Last two days in that tight range, then that move up to the M15 EMA swing high in div's made the finished business and started the move down. From there amazing to see the Bears found support on M5. Thank you Allan! You are allowed to take a beer today, cheers
I am trading quite cautious on small risk but I double my account in two weeks. I can tell you my best month was 700% with very sound RRR. And I know it can be far better, also today. That's all I want to say about results.
Trading S/R with PA only. No indicators anymore!
  • #5,418
  • Jan 24, 2020 5:35am Jan 24, 2020 5:35am
Quoting Jazz1964
I just want to say before the weekend starts, that I developed a deep understanding of the GU moves by studying the EMA26 swings and bounces on TF's between H4 and M5. Last two days in that tight range, then that move up to the M15 EMA swing high in div's made the finished business and started the move down. From there amazing to see the Bears found support on M5. Thank you Allan! You are allowed to take a beer today, cheers I am trading quite cautious on small risk but I double my account in two weeks. I can tell you my best month was...
Amazing results Jazz!! Congratzz!! This system is really amazing, I wish I had time to focus on it..
  • #5,419
  • Jan 24, 2020 6:36am Jan 24, 2020 6:36am
Quoting Jazz1964
I just want to say before the weekend starts, that I developed a deep understanding of the GU moves by studying the EMA26 swings and bounces on TF's between H4 and M5. Last two days in that tight range, then that move up to the M15 EMA swing high in div's made the finished business and started the move down. From there amazing to see the Bears found support on M5. Thank you Allan! You are allowed to take a beer today, cheers I am trading quite cautious on small risk but I double my account in two weeks. I can tell you my best month was...
To you and Alan
  • #5,420
  • Jan 24, 2020 7:22am Jan 24, 2020 7:22am
Quoting Jazz1964
I just want to say before the weekend starts, that I developed a deep understanding of the GU moves by studying the EMA26 swings and bounces on TF's between H4 and M5. Last two days in that tight range, then that move up to the M15 EMA swing high in div's made the finished business and started the move down. From there amazing to see the Bears found support on M5. Thank you Allan! You are allowed to take a beer today, cheers I am trading quite cautious on small risk but I double my account in two weeks. I can tell you my best month was...
That's very encouraging to hear. Thanks for your contribution. I am on my way of picking up this method. Alan's and your posts help a lot. I have a small request for you. Yesterday was very chaotic and tough for me. Can you please show/tell how you would have dealt with yesterday's market and trades and achieve the target?
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