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Trading the Cable swings via averages

  • #5,781
  • Feb 19, 2020 9:31pm Feb 19, 2020 9:31pm
See how it bounce exactly on the plus box in divergence....
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  • #5,782
  • Feb 19, 2020 9:54pm Feb 19, 2020 9:54pm
Quoting Nala66
{quote} I think you mean AB = CD this is different from ABCD

yes sorry Nala lol i was confusing my self.
  • #5,783
  • Feb 20, 2020 1:43am Feb 20, 2020 1:43am
possible M5 AB =CD targetting 2869
  • #5,784
  • Feb 20, 2020 2:55am Feb 20, 2020 2:55am
learning to close my trades at levels allthough i saw that ABCD too late but price was so kind to bring it again to the D-level
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  • #5,785
  • Feb 20, 2020 2:57am Feb 20, 2020 2:57am
HD bull now everywhere
  • #5,786
  • Feb 20, 2020 3:12am Feb 20, 2020 3:12am
Quoting huskyboy
HD bull now everywhere
Did you take it up too?
Trading S/R with PA only. No indicators anymore!
  • #5,787
  • Feb 20, 2020 3:25am Feb 20, 2020 3:25am
Quoting Jazz1964
{quote} Did you take it up too?
nope was busy posting no more chasing for me, only enter at the level with a reason and for that i was too late; i saw the whole morning the HD on the H1 and didn't excactly know how to deal with it. Now i suppose we get a retrace to the H1 EMA and maybe we get an EMA swing failure
  • #5,788
  • Feb 20, 2020 3:37am Feb 20, 2020 3:37am
Quoting huskyboy
{quote} no more chasing for me, only enter at the level with a reason
Great!!!
I am done for today. No chart, sorry, i am in the car
Trading S/R with PA only. No indicators anymore!
  • #5,789
  • Feb 20, 2020 4:04am Feb 20, 2020 4:04am
That's a rejection on the M5 swing high!
Trading S/R with PA only. No indicators anymore!
  • #5,790
  • Feb 20, 2020 4:09am Feb 20, 2020 4:09am
That was a Zoo with M5 div isn't it?
Have to read it from a phone... with my eyes....
...in a downtrend. With enough room to the M5 EMA to give it a go.
Anyone?
Trading S/R with PA only. No indicators anymore!
  • #5,791
  • Feb 20, 2020 4:18am Feb 20, 2020 4:18am
Quoting Jazz1964
That was a Zoo with M5 div isn't it? Have to read it from a phone... with my eyes.... ...in a downtrend. With enough room to the M5 EMA to give it a go. Anyone?
M15 swing high, retest bear support M15 and the D-level of the ABCD M5
  • #5,792
  • Feb 20, 2020 4:20am Feb 20, 2020 4:20am
Quoting Jazz1964
That was a Zoo with M5 div isn't it? Have to read it from a phone... with my eyes.... ...in a downtrend. With enough room to the M5 EMA to give it a go. Anyone?
On it Jazz but the dilemma here is, do I take the potential bull divergence forming on the 5m or stay in for another 14 pips to a similar target on the 240m?
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  • #5,793
  • Feb 20, 2020 4:22am Feb 20, 2020 4:22am
Quoting huskyboy
{quote} M15 swing high, retest bear support M15 and the D-level of the ABCD M5
.... sounds like a setup hey
Trading S/R with PA only. No indicators anymore!
  • #5,794
  • Feb 20, 2020 5:19am Feb 20, 2020 5:19am
Wow, that sailed through the 5m target
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  • #5,795
  • Feb 20, 2020 5:20am Feb 20, 2020 5:20am
and shot through the 240m target
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  • #5,796
  • Feb 20, 2020 8:57am Feb 20, 2020 8:57am
Quoting mayflower
Wow, that sailed through the 5m target {image}
Did you grab it, Mayflower?
I think there is something to learn here in this thread
Trading S/R with PA only. No indicators anymore!
  • #5,797
  • Feb 20, 2020 9:51am Feb 20, 2020 9:51am
Quoting Jazz1964
{quote} Did you grab it, Mayflower? I think there is something to learn here in this thread
sure is, and I underestimated the inportance of the levels. They should be on the chart before trading session starts.
I wonder Jazz, do you ever use pending orders?
It sure was a great entry by Mayflower
  • #5,798
  • Feb 20, 2020 10:13am Feb 20, 2020 10:13am
Its my day today for a change. You can see my entry set up, stop and tp on the 5m in post 5792. An extreeemley tight stop and a great follow through passing the 5m target continuing to the target on the 240m in post 5795
  • #5,799
  • Feb 20, 2020 10:38am Feb 20, 2020 10:38am
Quoting huskyboy
{quote} sure is, and I underestimated the inportance of the levels. They should be on the chart before trading session starts. I wonder Jazz, do you ever use pending orders? It sure was a great entry by Mayflower
Yes, I use pending orders for the 3rd entry.
Trading S/R with PA only. No indicators anymore!
  • #5,800
  • Feb 20, 2020 11:30am Feb 20, 2020 11:30am
This is as far back as I can go with my 60m chart. Look how the price has reached the next 60m EMA low on the far left of the chart (long blue Horizontal line) and by doing so the price has dragged the EMA down to the next low (short blue horizontal line) on the right side of the chart. I can't get any further back on my chart so absolutely no idea where the next EMA low is on the 60m. However, looking at the 240m the next EMA level is a long way down.



Please note I too am not the guru here!
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