Trading the Cable swings via averages

yep Jazz, you beat me still not a man but a boy

The white charts to get an idea of direction:
Daily prints a bit of HH's and HL's but it looks more like sideways:

H4 sideways:

H1 Bulls tried to go for it but failed:


Until we see a Breakout (false or/and directional) we'll have to deal with this tight ranges.

there are huge bull div H1 and H4 so retraces to the EMA's possible?

I trade from ZOO's

so you must be looking what price is doing around 1.30036

Yes correct around there. M15 has two Swing Lows just below us. I will play it tight, market trades in thin liquidity at the moment and it easy to bring price wherever they want.

On H4 I have 3003
On H1 I have 3006 and 3004
On M15 I have 3008 and 3002

several entries long in that area resulting in a serious loss, now long 1.3009

When you have time, post your chart with all your trades. A serious loss is not necessary.

I call it a day, it's enough.

Exit at 50% retracement = EMA M15

sorry Jazz, had to take a break, see how I am in no time in a loss for the simple reason off spotting bull div on the higher timeframes. The short was the time I arrived at the desk and I thought why not. I am certainly not looking at ZOO's. Yesterday I was in at the top, couldn't get a better price with my first entry short and I got stopped out for 1. I know what i am doing wrong but I can't get rid off my old habbits. Enough for today

I missed the initial Short, that happened before I was at the screens.

Okay, errors indeed. You know what you got to do, right?
Main problem is between your ears. I have been transparent in this thread that I dealt with such issues myself first half of 2019.
Trade with tiniest size.
In PM we discussed the mindset issue a bit. Go for it. 5-4-3-2-1

It is very important to get in a trade early, meaning to Buy cheap and to Sell expensive. That's what you do too when you buy or sell a car, isn't it!!!!
Trading currencies is not different from buying a wash-machine at a discount.
With that in mind, your first two trades were not the best

Then your last trade, I have an issue with that regarding getting kicked out at BE+1. In fact this is something where I would love to read Allan's comment.
I do understand this helps to limit losses. But I get the strong idea that 'they' know that too and 'they' are specialist in finding liquidity at that BE+1 spots. These are so often the 'hooks'!
This makes me ask: why would my precise entry be that important to exit a trade +1pip? Isn't it better to just check Price itself in chart context? My answer strongly tends to be a Yes.

Hi guys I'm back and will begin trading on Monday...

Something here for you to study...

Apart from the shorts much earlier in the day take a look at these two longs 1 and 2

We see on the 1 hour chart we have hit a level and we see a bullish divergence there. This means we should be looking for something to take it long on the 5 min since we have a ZOO point.

Now when we look at the 5 min for scalp 1 we see we are at an average swing low level and we also have a bull div, on the 1 hour we can see there is a nice distance back to the EMA so all in all worth a punt and we enter by putting our toe in the water with our first tentative entry.

We got a tiny hook but our stop was safe and we would be whistling Dixie now hoping the price would cross the 5 min EMA and as it approached it we move our stop to BE+1 and get ready to place our 2nd trade. BUT alas all was in vain as price failed to cross the EMA from a div that means a lower low is on the cards which happened and subsequently stopped out the trade for no loss.

Then we come to the next scalp number 2. Same entry on the EMA 5 min swing with the same inference from the 1 hour.

Again we have a div also at this level, we get the hook but again our stop is safe and this time we do whistle Dixie as we do cross the EMA and entry 1 is safe and protected by the stop.

So now we know where we are going... 1hr EMA

We need to get more entries on namely number 2 and 3.

However we are now on the 5 min chart so look to the 1 min for these entries.

This is how we play the charts until we reach our target point.

Hi Allan, welcome back! Hope you are doing well!

Hi Jazz, doing fine thanks just need a couple of days to dry out. 40 degrees again tomorrow so that should help a tad.

So hot overthere! We are in winter time but it never comes below zero degrees these weeks. It's rainy.
We should mix!

Hi Alan, glad to have you back.

Yes Jazz, that would be nice, 40 degrees, but not for too long

great entry short around 06.45, bear div H1 M5 at level 1.30247. Realy need to get up earlier to catch these morning moves