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Trading the Cable swings via averages

  • #5,661
  • Feb 14, 2020 3:04am Feb 14, 2020 3:04am
Hi Folks,
Amended code to ignore flat line RSI's
Cheers...Des
Attached File(s)
File Type: ex4 Alans_Target V1.2.ex4   46 KB | 222 downloads
  • #5,662
  • Feb 14, 2020 3:06am Feb 14, 2020 3:06am
Quoting Jazz1964
{quote} Thanks a lot again! Terrific development. What is the Triangle_MaxSize parameter for?
Hi Jazz1964,

I put in the parameter for triangle max size as it was possible to have C being attacked from way back creating mega triangles, please amend this to whatever you think fits, happy to take any recommendations you can give

Cheers...Des
  • #5,663
  • Feb 14, 2020 3:09am Feb 14, 2020 3:09am
Quoting des_b
{quote} Hi Alan, (1) I have added a line at C (2) The triangle will stay in place after the targets have been hit however the Top/bottom targets and 50% lines should disappear (3) Have removed the RAY line's this was something I was testing and should have removed previously (4) Will look at the issue with the Flat Line, not sure what you mean about RSI being a doji New Version Attached {file}
Great stuff.

I was meaning the RSI was flat like a doji
  • #5,664
  • Feb 14, 2020 3:18am Feb 14, 2020 3:18am
And now I am hedged at the M5 EMA swing low 1.30217 which shows div,
is also M15 50% ABCD
Trading S/R with PA only. No indicators anymore!
  • #5,665
  • Feb 14, 2020 3:25am Feb 14, 2020 3:25am
It is driving me nuts why people are not getting this...

5 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
  • #5,666
  • Feb 14, 2020 1:04pm Feb 14, 2020 1:04pm
possible AB=CD to get price to the 31530
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH 1402 2000.png Size: 35 KB
  • #5,667
  • Feb 14, 2020 1:22pm Feb 14, 2020 1:22pm
Des, your indy painted this ABCD? I believe the C is in the wrong place.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5 1402 2017.png Size: 68 KB
  • #5,668
  • Feb 14, 2020 6:42pm Feb 14, 2020 6:42pm
All the talk about it is going up/down in the forum and yet I don't see any evidence for much movement at all just yet.

The daily chart has been stuck at this 3040 level for months.

We need to see a big break and these usually follow lulls in the market. So we could be looking at fireworks in the not too distant future.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #5,669
  • Feb 16, 2020 2:01am Feb 16, 2020 2:01am
Friday saw the execution of the 1 hour target. A ABCD triangle.

On the 5 min the same target destination was given as an AB =CD

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 116 KB


Now sitting on hands awaiting the next setups to form.
  • #5,670
  • Feb 16, 2020 5:43am Feb 16, 2020 5:43am
Quoting huskyboy
Des, your indy painted this ABCD? I believe the C is in the wrong place. {image}
Thanks for this, will try and get some time this week to look into it, Cheers...Des
  • #5,671
  • Feb 16, 2020 7:09am Feb 16, 2020 7:09am
Quoting Nala66
Friday saw the execution of the 1 hour target. A ABCD triangle. On the 5 min the same target destination was given as an AB =CD {image} Now sitting on hands awaiting the next setups to form.
Sure good Alan!!

Just....

It is Sunday... get off of your hands and relax a bit!
Trading S/R with PA only. No indicators anymore!
  • #5,672
  • Feb 16, 2020 4:58pm Feb 16, 2020 4:58pm
Quoting Nala66
Friday saw the execution of the 1 hour target. A ABCD triangle. On the 5 min the same target destination was given as an AB =CD {image} Now sitting on hands awaiting the next setups to form.
Hi Alan

I had the C point on your 1hr ABCD the next bar on as the point you had on mine closed above the EMA, So with my ABCD I had actually bounced of the 50% level. It did complete the ABCD I had on the 30min.

Cheers John
  • #5,673
  • Feb 16, 2020 11:26pm Feb 16, 2020 11:26pm
Quoting 44johnw
{quote} Hi Alan I had the C point on your 1hr ABCD the next bar on as the point you had on mine closed above the EMA, So with my ABCD I had actually bounced of the 50% level. It did complete the ABCD I had on the 30min. Cheers John
Yeah I sometimes wonder about these tight calls so I opt for the smallest target to be on the safe side. I had it just about smack on the EMA
  • #5,674
  • Feb 17, 2020 3:22am Feb 17, 2020 3:22am
Quoting des_b
Hi Folks, Amended code to ignore flat line RSI's Cheers...Des {file}
Des_b, in case you'll have a new version, can you please add a parameter for the color? The green one is a bit hard to see on my template.
Trading S/R with PA only. No indicators anymore!
  • #5,675
  • Feb 17, 2020 7:20am Feb 17, 2020 7:20am
Hi Folks,

I have amended the Indi to allow you to select the triangle color's. On the point made by HuskeyBoy (Post 5668) if possible could you explain the problem with "C" , if I am correct should "C" be the 1st Bar which is attacking the pivot where the RSI is in divergence (Above below 26 EMA) , apologies if A: this is not correct and B: the indi is not doing this

Happy to do what I can once I understand the problem

Cheers...Des
Attached File(s)
File Type: ex4 Alans_Target V1.3.ex4   52 KB | 204 downloads
  • #5,676
  • Feb 17, 2020 8:34am Feb 17, 2020 8:34am
Quoting des_b
Hi Folks, I have amended the Indi to allow you to select the triangle color's. On the point made by HuskeyBoy (Post 5668) if possible could you explain the problem with "C" , if I am correct should "C" be the 1st Bar which is attacking the pivot where the RSI is in divergence (Above below 26 EMA) , apologies if A: this is not correct and B: the indi is not doing this Happy to do what I can once I understand the problem Cheers...Des {file}
Thank you so much des_b!!!!
Trading S/R with PA only. No indicators anymore!
  • #5,677
  • Feb 17, 2020 9:55am Feb 17, 2020 9:55am
Today was a very difficult day for me. Higher timeframes and EMAs are more towards bullish. But the market went bearish today. I couldn't find solid ZOOs either. Alan and Jazz, can you guys throw some light? I would like to see how you traded today. I will be very happy to see analysis of both of you. I'm sure I missed a few important details. Hopefully you could show the way. Thanks!
  • #5,678
  • Feb 17, 2020 5:03pm Feb 17, 2020 5:03pm
Quoting KevinOwens
Today was a very difficult day for me. Higher timeframes and EMAs are more towards bullish. But the market went bearish today. I couldn't find solid ZOOs either. Alan and Jazz, can you guys throw some light? I would like to see how you traded today. I will be very happy to see analysis of both of you. I'm sure I missed a few important details. Hopefully you could show the way. Thanks!
I couldn't see much myself just a 20 pip ABCD on the hour which I consider not worth the bother of a 10 pip risk.

There are these days when it just isn't worth your time and effort we just have to accept the fact we can't trade if we don't get a decent signal.

I watched the old movie the Wooden Horse on tv instead.

The market tends to act like a bouncing ball with smaller up and downs until it is picked up and someone runs with it in a stronger direction then we get the fight backs and all the other stuff.

At our 108 open on the hour price was sitting on the EMA so this is neither bullish nor bearish... it is indecisive. i.e. is it going to bounce or cross? Just guesswork.

In situations like this when we don't have much to go on from the hour chart the 5m may give us some much smaller trades to have a go at if we really must trade at all. Take a look at the 5 min below there wasn't much in the wind at all.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 83 KB
  • #5,679
  • Feb 17, 2020 5:06pm Feb 17, 2020 5:06pm
Quoting des_b
Hi Folks, I have amended the Indi to allow you to select the triangle color's. On the point made by HuskeyBoy (Post 5668) if possible could you explain the problem with "C" , if I am correct should "C" be the 1st Bar which is attacking the pivot where the RSI is in divergence (Above below 26 EMA) , apologies if A: this is not correct and B: the indi is not doing this Happy to do what I can once I understand the problem Cheers...Des {file}
Des ... You are a Legend ..thanks heaps
  • #5,680
  • Feb 17, 2020 5:08pm Feb 17, 2020 5:08pm
Quoting Nala66
{quote} I couldn't see much myself just a 20 pip ABCD on the hour which I consider not worth the bother of a 10 pip risk. There are these days when it just isn't worth your time and effort we just have to accept the fact we can't trade if we don't get a decent signal. I watched the old movie the Wooden Horse on tv instead. The market tends to act like a bouncing ball with smaller up and downs until it is picked up and someone runs with it in a stronger direction then we get the fight backs and all the other stuff. At our 108 open on the hour price...
Alan ... You're Still A Legend ... Keep it up
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