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Trading the Cable swings via averages

  • #5,841
  • Feb 22, 2020 2:11am Feb 22, 2020 2:11am
Quoting Nala66
For your diary of events... I'll let you guys supply your own wordage. {image}
Thanks Alan, trying not to forget. Great teacher you are and I love your system but only live I often fail. I am more a historicus, when its done I can see it clearly
  • #5,842
  • Feb 22, 2020 2:26am Feb 22, 2020 2:26am
Quoting Del62a
{quote} Alan many thanks . It make sense about the SL placement in the retracement.
The thing is we can make the measurements from C and then calculate our lot sizes to achieve the required result by the time we D. We just scale in our entries.
  • #5,843
  • Feb 22, 2020 2:28am Feb 22, 2020 2:28am
Quoting huskyboy
{quote} Thanks Alan, trying not to forget. Great teacher you are and I love your system but only live I often fail. I am more a historicus, when its done I can see it clearly
Try using the Quartile tool when you notice a retracement is happening. I find it dead handy for finding the 50% levels.
  • #5,844
  • Feb 22, 2020 2:38am Feb 22, 2020 2:38am
Quoting Nala66
{quote} The thing is we can make the measurements from C and then calculate our lot sizes to achieve the required result by the time we D. We just scale in our entries.
Alan

I am still learning.
I have realised that the signal etc is only part of the system.
The Trading plan for the day / week / month is very important.
I heve been pushing buttons every now and then to get into a trade .
I did work on several occasions but failed at other times as I did not have a good plan when to exit a trade etc...
Managing my emotions is another thing i have to get used to , a good plan will help in this regards

My trading journey continues...
  • #5,845
  • Feb 22, 2020 4:56am Feb 22, 2020 4:56am
Recall what I told you about the matchstick where we try to load up at the head of the match to reap the reward required by the time the matchstick ends.

Knowing the setup of the equilibrium swing we can calculate our profit and our potential risk.

The loading zone in the chart below is between C and B. This means we have to have the sum of all our trades on by the time we break though B so our profit divided by 46Pips gives us the required result.

For me in the chart below I would be trying to load up by the small red box. Look at my risk versus reward. My lot sizes can be very much smaller because I have a greater distance to profit from and thus my risk is much smaller also.

C is always 50% of AB so we can plot these distances well in advance and calculate what we need to place on the trade to made the required profit.

This is by far the least understood... Small Risk/Large Reward

It doesn't matter how you slice up your entries. I go with $3, $6 and $9 = 1.8 lots and equates to $25 a pip. This move was 85 pips so 25 x 85 = $2125

Now look at the risk peanuts in comparison.

The quicker we can get our lots on the less the risk and the more profit potential. We still have heaps of time to add to this winner if we wanted to.

What is the point of plotting the target distances if we are not going to take advantage of the situations.
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  • #5,846
  • Feb 22, 2020 5:15am Feb 22, 2020 5:15am
By using the quartile tool you will see just how popular these AB = CD's are and how accurately they perform.

Note how we plot from the swing high to low on each side of the EMA and we ignore the tiny signals as not being profitable.
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  • #5,847
  • Feb 22, 2020 1:00pm Feb 22, 2020 1:00pm
Quoting Nala66
Recall what I told you about the matchstick where we try to load up at the head of the match to reap the reward required by the time the matchstick ends. Knowing the setup of the equilibrium swing we can calculate our profit and our potential risk. The loading zone in the chart below is between C and B. This means we have to have the sum of all our trades on by the time we break though B so our profit divided by 46Pips gives us the required result. For me in the chart below I would be trying to load up by the small red box. Look at my risk versus...
Many thanks for your time and explanation.
Great teaching
  • #5,848
  • Feb 24, 2020 12:30am Feb 24, 2020 12:30am
Quoting Nala66
By using the quartile tool you will see just how popular these AB = CD's are and how accurately they perform. Note how we plot from the swing high to low on each side of the EMA and we ignore the tiny signals as not being profitable. {image}
Nala where do I get the "quartile tool" ? Thank you for the thread and for taking your time to teach us.
  • #5,849
  • Feb 24, 2020 1:24am Feb 24, 2020 1:24am
This one is interesting we have two signals from the same C point...
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  • #5,850
  • Feb 24, 2020 2:15am Feb 24, 2020 2:15am
Darn it I have been stopped out twice now for 3 entries in + 1 pip each time.
  • #5,851
  • Feb 24, 2020 2:20am Feb 24, 2020 2:20am
Quoting Nala66
This one is interesting we have two signals from the same C point... {image}
Nala why is my point B different from yours in the ABCD triangle? Or rather how do I know how to choose the correct point B. Attached is my ABCD triangle. Thanks.
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  • #5,852
  • Feb 24, 2020 2:30am Feb 24, 2020 2:30am
Maybe reaching for ema to the down side
  • #5,853
  • Feb 24, 2020 2:35am Feb 24, 2020 2:35am
Looks like the bears are aiming to cancel both signals.... Sitting on hands now
  • #5,854
  • Feb 24, 2020 2:38am Feb 24, 2020 2:38am
Quoting PhillipmC
Maybe reaching for ema to the down side
Yes watching that 2892
  • #5,855
  • Feb 24, 2020 3:02am Feb 24, 2020 3:02am
This is a new ABCD on the hour chart but I will wait to see if the bulls can find support on the 5 min this time.
  • #5,856
  • Feb 24, 2020 4:10am Feb 24, 2020 4:10am
Last Friday I ended in loss but today was a good one.
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Trading S/R with PA only. No indicators anymore!
  • #5,857
  • Feb 24, 2020 4:53am Feb 24, 2020 4:53am
Quoting cylon
{quote} Nala why is my point B different from yours in the ABCD triangle? Or rather how do I know how to choose the correct point B. Attached is my ABCD triangle. Thanks. {image}
If you don't mind,
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Trading S/R with PA only. No indicators anymore!
  • #5,858
  • Feb 24, 2020 5:09am Feb 24, 2020 5:09am
Quoting Jazz1964
{quote} If you don't mind, {image}
There is nothing wrong with your ABCD yellow triangle at that point in time but I have been working on the theory that if is does a cross and recross it tends to reset the target level.

For now I put both targets on to see if this pans out or not. Strange how it is bouncing between the two 50% levels.
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  • #5,859
  • Feb 24, 2020 5:19am Feb 24, 2020 5:19am
Quoting Nala66
{quote} There is nothing wrong with your ABCD yellow triangle at that point in time but I have been working on the theory that if is does a cross and recross it tends to reset the target level. For now I put both targets on to see if this pans out or not. Strange how it is bouncing between the two 50% levels. {image}
Yes I understood that research indeed, from your posts from last Friday... interested!!!
Trading S/R with PA only. No indicators anymore!
  • #5,860
  • Feb 24, 2020 5:20am Feb 24, 2020 5:20am
Pretty large targets here
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Trading S/R with PA only. No indicators anymore!
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