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Trading the Cable swings via averages

  • #5,461
  • Jan 29, 2020 1:59am Jan 29, 2020 1:59am
Quoting huskyboy
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
I am at least 30 minutes before 108 bar at my computer to check the overall chart from Daily (even weekly) down to M5, study Asian session and from there on define the ZOO's and make a plan.
Trading S/R with PA only. No indicators anymore!
  • #5,462
  • Jan 29, 2020 2:34am Jan 29, 2020 2:34am
Quoting huskyboy
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
But what would you aim for as a target level. These levels to the short side are smallish better to wait for a 1 hour bull support where we can see much better targets.
  • #5,463
  • Jan 29, 2020 2:48am Jan 29, 2020 2:48am
Quoting Nala66
{quote} But what would you aim for as a target level. These levels to the short side are smallish better to wait for a 1 hour bull support where we can see much better targets.
bull support???? there's an ABCD on the H1
for the short there was next EMA swing 1.30036
  • #5,464
  • Jan 29, 2020 2:51am Jan 29, 2020 2:51am
Quoting Jazz1964
{quote} I am at least 30 minutes before 108 bar at my computer to check the overall chart from Daily (even weekly) down to M5, study Asian session and from there on define the ZOO's and make a plan.
need to do that starting tomorrow, 5/4/3/2/1
  • #5,465
  • Jan 29, 2020 3:15am Jan 29, 2020 3:15am
Quoting huskyboy
{quote} bull support???? there's an ABCD on the H1 for the short there was next EMA swing 1.30036
Yes bull support... Because option A here is much better than option B.
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  • #5,466
  • Jan 29, 2020 3:23am Jan 29, 2020 3:23am
Quoting Nala66
{quote} Yes bull support... Because option A here is much better than option B. {image}
can we choose? There was bull div in H1 108 bar, price went further down to the H1 EMA swing 1.30036, M5 made bull div at that point so that would have been the ideal entry long targetting EMA 26 H1 which price did. So now we have to wait for a bull support H1 for further action. Correct?
  • #5,467
  • Jan 29, 2020 3:27am Jan 29, 2020 3:27am
Quoting huskyboy
{quote} bull support???? there's an ABCD on the H1 for the short there was next EMA swing 1.30036
I shorted too at 1.3025 just before 108 bar.
The Zoo was the H1 EMA with divergences from H4 to M5.
Indeed the H1 ABCD targeting 1.2982 which gives enough room for a trade.
I entered in 2 steps and took it off at 1.3005 which was S/R to the left, in HD on M5.
Backed up by M15 and H1 bull divergence.
That was reason to take a Long with the total lotsize from the 1st and 2nd Short, exit at M5 EMA but could have made the H1 EMA.
If you need a chart let me know.

Husk, I did not focus on the H1 EMA swing low at 1.3003 because that one was taken out already by price (not by EMA) yesterday.
Trading S/R with PA only. No indicators anymore!
  • #5,468
  • Jan 29, 2020 3:33am Jan 29, 2020 3:33am
Quoting Jazz1964
{quote} I shorted too at 1.3025 just before 108 bar. The Zoo was the H1 EMA with divergences from H4 to M5. Indeed the H1 ABCD targeting 1.2982 which gives enough room for a trade. I entered in 2 steps and took it off at 1.3005 which was S/R to the left, in HD on M5. Backed up by M15 and H1 bull divergence. That was reason to take a Long with the total lotsize from the 1st and 2nd Short, exit at M5 EMA but could have made the H1 EMA. If you need a chart let me know. Husk, I did not focus on the H1 EMA swing low at 1.3003 because that one was taken...
thx Jazz, now its clear
  • #5,469
  • Jan 29, 2020 3:33am Jan 29, 2020 3:33am
Quoting huskyboy
{quote} can we choose? There was bull div in H1 108 bar, price went further down to the H1 EMA swing 1.30036, M5 made bull div at that point so that would have been the ideal entry long targetting EMA 26 H1 which price did. So now we have to wait for a bull support H1 for further action. Correct?
Of course we can choose. We note that 3003 is exactly the 50% level of the ABCD so would that not be a good ZOO point to go long plus it was a bull div on the 5 min?
  • #5,470
  • Jan 29, 2020 3:37am Jan 29, 2020 3:37am
The bull div on the 5 min went for the average swing at 3023 and made it but this is still a small target without the 1 hour setting something up for us
  • #5,471
  • Jan 29, 2020 3:38am Jan 29, 2020 3:38am
Quoting Nala66
{quote} Of course we can choose. We note that 3003 is exactly the 50% level of the ABCD so would that not be a good ZOO point to go long plus it was a bull div on the 5 min?
Certainly it was but then my mind says: price is below its EMA so focus on shorts and there were lots off bearish divergences on the M5 from that moment so guess what i did completely ignoring the bull divergences on all the timeframes which i saw. Hopeless
  • #5,472
  • Jan 29, 2020 3:39am Jan 29, 2020 3:39am
Quoting Nala66
{quote} Yes bull support... Because option A here is much better than option B. {image}
Nice that chart Alan! Today's low is indeed the 50% CD, in divergence.
Trading S/R with PA only. No indicators anymore!
  • #5,473
  • Jan 29, 2020 3:49am Jan 29, 2020 3:49am
Quoting Nala66
{quote} Of course we can choose. We note that 3003 is exactly the 50% level of the ABCD so would that not be a good ZOO point to go long plus it was a bull div on the 5 min?
Husk, the choice was to be made at that 1.3003
The initial short before 108 bar was a good one IMHO.
Trading S/R with PA only. No indicators anymore!
  • #5,474
  • Jan 29, 2020 3:59am Jan 29, 2020 3:59am
Quoting Jazz1964
{quote} Husk, the choice was to be made at that 1.3003 The initial short before 108 bar was a good one IMHO.
yes Jazz that one would have been very clear to me, all fits, bear div H1 M5 at level but i am struggling with all that happened after. Mainly the fact that price is then below its EMA on the H1 confuses me
  • #5,475
  • Jan 29, 2020 4:02am Jan 29, 2020 4:02am
Quoting huskyboy
{quote} yes Jazz that one would have been very clear to me, all fits, bear div H1 M5 at level but i am struggling with all that happened after. Mainly the fact that price is then below its EMA on the H1 confuses me
Just a question, I don't need answer:
or is it distracting that Price didn't go for the H1 target you have at your chart?
Trading S/R with PA only. No indicators anymore!
  • #5,476
  • Jan 29, 2020 4:09am Jan 29, 2020 4:09am
Quoting Jazz1964
{quote} Just a question, I don't need answer: or is it distracting that Price didn't go for the H1 target you have at your chart?
dont know Jazz, focusing on price to the EMA, on the fact that price is below the C, that price should be heading for the lower D, still bearish div H4, so in my mind the only option was building up shorts
  • #5,477
  • Jan 29, 2020 5:12am Jan 29, 2020 5:12am
Quoting huskyboy
{quote} dont know Jazz, focusing on price to the EMA, on the fact that price is below the C, that price should be heading for the lower D, still bearish div H4, so in my mind the only option was building up shorts
"Should be heading..."
"The only option was..."

I also targeted D but I was more flexible.
Trading S/R with PA only. No indicators anymore!
  • #5,478
  • Jan 29, 2020 5:32pm Jan 29, 2020 5:32pm
Quoting huskyboy
{quote} dont know Jazz, focusing on price to the EMA, on the fact that price is below the C, that price should be heading for the lower D, still bearish div H4, so in my mind the only option was building up shorts
There appears to be a bit of resistance at this level for the last couple of weeks
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  • #5,479
  • Jan 30, 2020 12:46am Jan 30, 2020 12:46am
H1 30688/30247/29918 M15 30213/30117/30017/30004 bear div M5 M15 06,15 bear support M30/M15/M5
  • #5,480
  • Jan 30, 2020 12:52am Jan 30, 2020 12:52am
That's a very flattish H1 EMA going into the interest rate decision this afternoon
Trading S/R with PA only. No indicators anymore!
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