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Trading the Cable swings via averages

  • #5,521
  • Feb 4, 2020 1:50am Feb 4, 2020 1:50am
Bummer I was toooooo late for todays move
  • #5,522
  • Feb 4, 2020 2:15am Feb 4, 2020 2:15am
Quoting Nala66
Bummer I was toooooo late for todays move
me too , sitting long now on that bull div on all timeframes
  • #5,523
  • Feb 4, 2020 2:42am Feb 4, 2020 2:42am
Quoting huskyboy
{quote} me too , sitting long now on that bull div on all timeframes
It should break the 5 min EMA for you because the higher time frames have not reached theirs yet
  • #5,524
  • Feb 4, 2020 2:46am Feb 4, 2020 2:46am
This is a bit iffy for my tastes.

Is the EMA going to break the 3012 or are the bulls going to stop it.
Attached Image (click to enlarge)
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  • #5,525
  • Feb 4, 2020 2:54am Feb 4, 2020 2:54am
Quoting Nala66
{quote} It should break the 5 min EMA for you because the higher time frames have not reached theirs yet
it didn't, it ran into the EMA in a bearish divergence so closed it, dont know if i did right or wrong looking at the other timeframes
Attached Image (click to enlarge)
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  • #5,526
  • Feb 4, 2020 3:23am Feb 4, 2020 3:23am
Is this ABCD correct?
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Click to Enlarge Name: Screenshot1.png Size: 119 KB
  • #5,527
  • Feb 4, 2020 3:28am Feb 4, 2020 3:28am
Quoting hocius
Is this ABCD correct? {image}
dont think so, this is mine
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5 0402 1027.png Size: 45 KB
  • #5,528
  • Feb 4, 2020 3:32am Feb 4, 2020 3:32am
Quoting hocius
Is this ABCD correct? {image}
Not even close...Look at Huskies targeting 3042
  • #5,529
  • Feb 4, 2020 3:50am Feb 4, 2020 3:50am
It just passed the 50%

C is attacking A on the opposite side of the EMA so we have divergence forming the ABCD
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Click to Enlarge Name: Screenshot1.png Size: 55 KB
  • #5,530
  • Feb 4, 2020 3:56am Feb 4, 2020 3:56am
Quoting Nala66
{quote} Gee wiz there was heaps of stuff to take it short... Plus the 1 hour {image}
Yes just shows me how one dimensional my trading is ATM.. thanks Nala
  • #5,531
  • Feb 4, 2020 4:04am Feb 4, 2020 4:04am
I'm just giving myself a little pat on the back today. I just worked out the total withdrawals this year for me is 128% so far. So now I'm trading with the markets money. Thanks Alan for the quality education
  • #5,532
  • Feb 4, 2020 4:05am Feb 4, 2020 4:05am
Quoting Nala66
It just passed the 50% C is attacking A on the opposite side of the EMA so we have divergence forming the ABCD {image}
Thanks Alan. I entered short noticing H1 and M5 bearish div. Target is 100% of ABCD for now.
  • #5,533
  • Feb 4, 2020 4:07am Feb 4, 2020 4:07am
Let's get back to this hedging business while we have this 5 min chart in progress.

Let's assume we managed to get five trades on going short but they are spread out somewhat. We need to get them bunched up so at the bottom where Huskyboy went long we place a hedge equal to all those short trades we had on.

Now when the hedge gets into profit and starts to move in our favour we can add a stop 1 pip above the hedge entry and then close all the shorts for whatever profit they made collectively.

Thus we have change direction safely and made a profit. Our hedge has grouped all the trades into one and is now paying dividends with all those collective lots. We can now close the hedge whenever we feel we have enough money.

Currently this has gone 70 pips and that would be multiplies by a heck of a lot size.
  • #5,534
  • Feb 4, 2020 4:08am Feb 4, 2020 4:08am
Quoting hocius
{quote} Thanks Alan. I entered short noticing H1 and M5 bearish div. Target is 100% of ABCD for now.
Move the stop to BE plus 1 because this may not make it back to the EMA and thus make a HH on the 5 min
  • #5,535
  • Feb 4, 2020 4:11am Feb 4, 2020 4:11am
Quoting MrMagnet
I'm just giving myself a little pat on the back today. I just worked out the total withdrawals this year for me is 128% so far. So now I'm trading with the markets money. Thanks Alan for the quality education
That is what I call great news...Well done that man
  • #5,536
  • Feb 4, 2020 4:14am Feb 4, 2020 4:14am
Quoting Nala66
{quote} Move the stop to BE plus 1 because this may not make it back to the EMA and thus make a HH on the 5 min
Yep, already did when I saw M5 bullish div. Thanks!
  • #5,537
  • Feb 4, 2020 4:14am Feb 4, 2020 4:14am
It is struggling a tad at the 50%
  • #5,538
  • Feb 4, 2020 4:17am Feb 4, 2020 4:17am
Quoting hocius
{quote} Yep, already did when I saw M5 bullish div. Thanks!
You could have hedged at that div to protect profits
  • #5,539
  • Feb 4, 2020 4:19am Feb 4, 2020 4:19am
Quoting Nala66
{quote} You could have hedged at that div to protect profits
You're right. I need to practice with hedges, I still have problems to manage them.
  • #5,540
  • Feb 4, 2020 4:19am Feb 4, 2020 4:19am
That 50% is 3015
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