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Trading the Cable swings via averages

  • #5,741
  • Feb 19, 2020 1:53am Feb 19, 2020 1:53am
I see a very flat market as price just creeps along the daily and weekly pivots on the daily chart. This is reflected by a tightish range of movement on the 1 hour chart.

I will probably watch TV myself.

Look in a little later...
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  • #5,742
  • Feb 19, 2020 2:46am Feb 19, 2020 2:46am
Trading from a ZOO
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Trading S/R with PA only. No indicators anymore!
  • #5,743
  • Feb 19, 2020 3:14am Feb 19, 2020 3:14am
Quoting Jazz1964
Trading from a ZOO {image}
that ZOO is a 50% level of a possible H1 AB=CD targetting 2956
  • #5,744
  • Feb 19, 2020 3:22am Feb 19, 2020 3:22am
Quoting huskyboy
{quote} that ZOO is a 50% level of a possible H1 AB=CD targetting 2956
Yes you are right! I didn't see that but here it is:
Attached Image (click to enlarge)
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Chart also showing my latest short with the exit at the ABCD target.
Daily target reached.
Thank you Allan for everything
Thank you Des for the great indicator
Trading S/R with PA only. No indicators anymore!
  • #5,745
  • Feb 19, 2020 3:34am Feb 19, 2020 3:34am
I am again amazed how all these elements fit together in a very precise system.
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Trading S/R with PA only. No indicators anymore!
  • #5,746
  • Feb 19, 2020 3:34am Feb 19, 2020 3:34am
Quoting Jazz1964
{quote} Yes you are right! I didn't see that but here it is: {image} Chart also showing my latest short with the exit at the ABCD target. Daily target reached. Thank you Allan for everything Thank you Des for the great indicator
strange I dont have that ABCD on my chart, is it the latest version you are using? Time to go, afk
  • #5,747
  • Feb 19, 2020 3:38am Feb 19, 2020 3:38am
Quoting huskyboy
{quote} strange I dont have that ABCD on my chart, is it the latest version you are using?
v1.3 on a M30 chart
Trading S/R with PA only. No indicators anymore!
  • #5,748
  • Feb 19, 2020 4:08am Feb 19, 2020 4:08am
Bears did not keep it below the H1 EMA at the close of the bar.
M15 and M5 very close to make a HH swingy
I am in a bonus trade which will end eather in 40 pip TP or BE+1. Not going to watch it.
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Trading S/R with PA only. No indicators anymore!
  • #5,749
  • Feb 19, 2020 4:32am Feb 19, 2020 4:32am
Quoting Jazz1964
{quote} Yes you are right! I didn't see that but here it is: {image} Chart also showing my latest short with the exit at the ABCD target. Daily target reached. Thank you Allan for everything Thank you Des for the great indicator
Jazz check your AD = CD. Your B point is not on the lowest bar preceding C

This makes the target D lower down
  • #5,750
  • Feb 19, 2020 4:35am Feb 19, 2020 4:35am
Mine is 2955 +
  • #5,751
  • Edited 5:10am Feb 19, 2020 4:44am | Edited 5:10am
Quoting Nala66
{quote} Jazz check your AD = CD. Your B point is not on the lowest bar preceding C This makes the target D lower down
A yes, you are right.
Attached Image (click to enlarge)
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That makes the AB=CD target at the H1 EMA swing low, interesting
Trading S/R with PA only. No indicators anymore!
  • #5,752
  • Feb 19, 2020 4:49am Feb 19, 2020 4:49am
This pullback is the result of a bull div on the 30 min so we are expecting this chart to fail making it to the EMA and the 5 min for the same reasons
  • #5,753
  • Feb 19, 2020 4:58am Feb 19, 2020 4:58am
Moved my TP stop to 2991 that is 2 pips above the 5 min bear support.
  • #5,754
  • Feb 19, 2020 5:01am Feb 19, 2020 5:01am
You are Long?
Trading S/R with PA only. No indicators anymore!
  • #5,755
  • Feb 19, 2020 5:26am Feb 19, 2020 5:26am
Quoting Jazz1964
You are Long?
Short. That's a take profit stop protecting what I have made.

I am trying to get to 2970 where my TP is
  • #5,756
  • Feb 19, 2020 5:37am Feb 19, 2020 5:37am
Hi Folks,

Thanks for the feedback on the indi, hopefully making it more reliable and useful to everyone. I have corrected the issue with the "C" projections not being deleted and added the corresponding RSI targets for the triangle for "Live" signals/targets

Cheers...Des
Attached File(s)
File Type: ex4 Alans_Target V1.5.ex4   57 KB | 199 downloads
  • #5,757
  • Feb 19, 2020 6:00am Feb 19, 2020 6:00am
Quoting des_b
Hi Folks, Thanks for the feedback on the indi, hopefully making it more reliable and useful to everyone. I have corrected the issue with the "C" projections not being deleted and added the corresponding RSI targets for the triangle for "Live" signals/targets Cheers...Des {file}
That looks great Des.

A suggestion might be to put the price on the D points in text, especially for us with bad eyes

Yep a new signal just popped up on the 5 min
  • #5,758
  • Feb 19, 2020 8:18am Feb 19, 2020 8:18am
Quoting Jazz1964
{quote} A yes, you are right. {image} That makes the AB=CD target at the H1 EMA swing low, interesting
That was the target of my bonus trade.... an extra 60 pips or 1.5x daily target in the pocket
Trading S/R with PA only. No indicators anymore!
  • #5,759
  • Feb 19, 2020 8:43am Feb 19, 2020 8:43am
So what did I mainly do?
I followed Alan's system imho completely.
Big weight to what the EMA's are doing
Plus understanding to sell high (buy low).
Try to get involved in a 108bar move and keep risk tight.
Rsi divs as explained by Alan are important but don't use them stand alone.
Zoo's...!!!
Trading S/R with PA only. No indicators anymore!
  • #5,760
  • Feb 19, 2020 9:02am Feb 19, 2020 9:02am
Quoting Jazz1964
So what did I mainly do? I followed Alan's system imho completely. Big weight to what the EMA's are doing Plus understanding to sell high (buy low). Try to get involved in a 108bar move and keep risk tight. Rsi divs as explained by Alan are important but don't use them stand alone. Zoo's...!!!
Thanks for the post, Jazz. I guess I mostly understood the system. But, I still struggle reading what EMAs are telling. I know its the core of the system. But still couldn't understand the EMA part completely.
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