Trading the Cable swings via averages | Page 285 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Identifying Market Swings - Medium and Long Term Trading 619 replies

Trading With Moving Averages 72 replies

Moving Averages Zone Trading 10 replies

HELP! GMMA (Guppy's Multi-Moving Averages) Trading Mehod 3 replies

Via indicator: trading xxxyyy via zzz 0 replies

Attachments: Trading the Cable swings via averages
Exit Attachments

Trading the Cable swings via averages

  • #5,681
  • Feb 17, 2020 6:58pm Feb 17, 2020 6:58pm
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
Well there you go it just hit that targeted level 34 hours later.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB


PS. I have put the indicator Des has made on a single 1 hour chart so it looks nice and neat, very easy to see and a great job by Des... Thanks

The red EMA is the 4 hour
  • #5,682
  • Feb 17, 2020 7:10pm Feb 17, 2020 7:10pm
Quoting des_b
Hi Folks, Amended code to ignore flat line RSI's Cheers...Des {file}
Check this out Des
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
  • #5,683
  • Feb 17, 2020 7:20pm Feb 17, 2020 7:20pm
Interesting to note that both ABCD's were hit
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
  • #5,684
  • Feb 17, 2020 7:47pm Feb 17, 2020 7:47pm
IC I have just worked out what has happened here with these two trades.

The div at 2 came before the target for div 1 was hit so it would have stopped out the trade 1

Subtle stuff hey!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB


I always look for the answers to these things because that helps with the learning processes. Anyone who thinks they know it all is delusional.

You should note from this that when the trades begin with a Div at that time we have no idea what the target is. The target distance comes later so we just hold at the div unless stopped out. This one was a real roller coaster of an ordeal.

That was one heck of an epic struggle for 62 pips.
  • #5,685
  • Feb 17, 2020 7:58pm Feb 17, 2020 7:58pm
I am long as it has hit the target in div.
  • #5,686
  • Feb 17, 2020 8:59pm Feb 17, 2020 8:59pm
Now this is strange the. The D and 50% lines have dropped off and the C line has moved to the coreect place but not dropped off...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
  • #5,687
  • Feb 17, 2020 9:04pm Feb 17, 2020 9:04pm
Crazy man now the old wrong C line has reappeared along with the correct one?

Should not all the lines vanish as the target is hit.?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB
  • #5,688
  • Feb 17, 2020 9:10pm Feb 17, 2020 9:10pm
Quoting Nala66
Now this is strange the. The D and 50% lines have dropped off and the C line has moved to the coreect place but not dropped off... {image}
Mine hasnt changed Alan, its still the same as your first chart you posted
  • #5,689
  • Feb 17, 2020 9:22pm Feb 17, 2020 9:22pm
Quoting 44johnw
{quote} Mine hasnt changed Alan, its still the same as your first chart you posted
I just shut down and restarted MT4 and now I just have the one line again.

I am inching up my stop, nearly at BE
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #5,690
  • Feb 17, 2020 9:26pm Feb 17, 2020 9:26pm
Stop at BE 2995

Got time for a cuppa now before I do the school run picking up the Kids
  • #5,691
  • Feb 17, 2020 9:36pm Feb 17, 2020 9:36pm
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...
Thanks for the explanation Alan. Maybe I should sit out on these indecisive days. I wonder what kind of trades Jazz took.
  • #5,692
  • Feb 17, 2020 11:08pm Feb 17, 2020 11:08pm
Look at that I just get back and I am stopped out, 4 hours of wasted time..
  • #5,693
  • Feb 17, 2020 11:31pm Feb 17, 2020 11:31pm
Trying again with stop at 2991 Still in div ... ???????????

Update... Just closed this doesn't look good. Lost a couple of pips there... will wait for the proper time now.
  • #5,694
  • Feb 18, 2020 12:58am Feb 18, 2020 12:58am
Quoting KevinOwens
{quote} Thanks for the explanation Alan. Maybe I should sit out on these indecisive days. I wonder what kind of trades Jazz took.
I had Alan's remark in mind, that he was sitting on his hands. That brought me in a very long hedged situation.
Here is what I did. First the analyses before I start to trade:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB

D1 tricky stuff
H4 although it made a bit of a HL, I had doubts on making a new HH
H1 in serious uptrend. But what is its border when we know the H4 and D1..?
In that H1 uptrend, I wanted to Buy the then-Yesterday's low with M15 and M5 in bull divs.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 208 KB

And Hedged at the Zoo above in M5 div.
From there I didn't know how to go on, took a coffee, another coffee, a break, and at a certain point it was the EMA's guiding me to release the hedge and go down to the M5 swing low.
Trading S/R with PA only. No indicators anymore!
  • #5,695
  • Feb 18, 2020 2:02am Feb 18, 2020 2:02am
Yep and once again I am sitting on them.

Look at this 1 hour chart, even if price did make it into the zone where I have the X it would still be a small target.

Waiting for better days......
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #5,696
  • Feb 18, 2020 2:16am Feb 18, 2020 2:16am
is it going for the 2957?
  • #5,697
  • Feb 18, 2020 2:23am Feb 18, 2020 2:23am
Quoting huskyboy
is it going for the 2957?
Yes it certainly looks like it but what of the EMA what is that trying for, it has already made the LL swing.
  • #5,698
  • Feb 18, 2020 2:23am Feb 18, 2020 2:23am
Quoting Nala66
Interesting to note that both ABCD's were hit {image}
Hi Alan,
Not Sure, obviously a bug, will try and get some time later today to correct it
Cheers...Des
  • #5,699
  • Feb 18, 2020 2:23am Feb 18, 2020 2:23am
Quoting huskyboy
is it going for the 2957?
I have marked that as my target but I will be careful because of the old bull supports there.
Trading S/R with PA only. No indicators anymore!
  • #5,700
  • Feb 18, 2020 2:33am Feb 18, 2020 2:33am
tested 50% levels of possible AB = CD on M5 / M15 targetting 2954 / 2952
32 traders viewing now