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Trading the Cable swings via averages

  • #5,981
  • Mar 9, 2020 5:00am Mar 9, 2020 5:00am
Quoting KevinOwens
{quote} Yes and I hope I get there too. Btw, why did you get out of your long? Instead, you choose to let it run before you put a trailing stop at 90 pips. May I know what you had in your mind and how's today different from others where you usually get out it when price reaches an EMA swing or SR?
I only hesitated after the first M5 up bar.
It closed in bear div
above the M5 EMA
no Bear support.
So I kept the Buy.
All M5 bars were up bars, very strong, after that Asian vola I had to give it a go.
My Buy close was at a reasonable spot after I closed the hedge, isn't it? It had not to do with a trailing, but with securing the profit.
Trading S/R with PA only. No indicators anymore!
  • #5,982
  • Mar 9, 2020 5:05am Mar 9, 2020 5:05am
If this 1 hour proves to be an AB = CD the target is up there at 328!!!!!
  • #5,983
  • Mar 9, 2020 5:13am Mar 9, 2020 5:13am
Quoting Jazz1964
{quote} I only hesitated after the first M5 up bar. It closed in bear div above the M5 EMA no Bear support. So I kept the Buy. All M5 bars were up bars, very strong, after that Asian vola I had to give it a go. My Buy close was at a reasonable spot after I closed the hedge, isn't it? It had not to do with a trailing, but with securing the profit.
Yep! I guess no more bonus trades today then.
  • #5,984
  • Mar 9, 2020 9:53am Mar 9, 2020 9:53am
This is happening on the Daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 76 KB
Trading S/R with PA only. No indicators anymore!
  • #5,985
  • Mar 10, 2020 2:03am Mar 10, 2020 2:03am
bull divergences on all timeframes
  • #5,986
  • Mar 10, 2020 2:07am Mar 10, 2020 2:07am
On the D1 the question is if the EMA can break the grey flat level 1.2993ish. There are so many levels to cross and to do so price need to go to 1.3271 first.
H4 just made a higher EMA swing and we're interested to see if the bears are able to stop its rising. With 1.3001 being a previous swing high and the H4 EMA reaching that level we have a ZOO there.
H1 I marked the 50% of a possible ABCD at 1.2987. Also marked 1.2990 to 1.30 being Price support zones to the left. Also the 50% ABC 1.3003
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 102 KB

We are trading below the H1 EMA and I could have taken a short on M5 bear div for 20 pips or more until we ran in bull div
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB

Did you take it?
Trading S/R with PA only. No indicators anymore!
  • #5,987
  • Mar 10, 2020 2:08am Mar 10, 2020 2:08am
Quoting huskyboy
bull divergences on all timeframes
I am ready to act on that but not before we reach a ZOO. Maybe I'll miss something.
Trading S/R with PA only. No indicators anymore!
  • #5,988
  • Mar 10, 2020 2:11am Mar 10, 2020 2:11am
Quoting huskyboy
bull divergences on all timeframes
The timing at Frankfurt open (bar 108) was what we initially look for. I wonder if you took a Long, you should be in positive.
Trading S/R with PA only. No indicators anymore!
  • #5,989
  • Mar 10, 2020 2:13am Mar 10, 2020 2:13am
Quoting Jazz1964
On the D1 the question is if the EMA can break the grey flat level 1.2993ish. There are so many levels to cross and to do so price need to go to 1.3271 first. H4 just made a higher EMA swing and we're interested to see if the bears are able to stop its rising. With 1.3001 being a previous swing high and the H4 EMA reaching that level we have a ZOO there. H1 I marked the 50% of a possible ABCD at 1.2987. Also marked 1.2990 to 1.30 being Price support zones to the left. Also the 50% ABC 1.3003 {image} We are trading below the H1 EMA and I could have...
great analyse, thx. In @30226 if you are asking me
  • #5,990
  • Mar 10, 2020 2:17am Mar 10, 2020 2:17am
Quoting huskyboy
{quote} great analyse, thx. In @30226 if you are asking me
I am flat but could have taken the Buy you possibly took. Nice positive pips there with no risk.
I am focusing on the ZOO area on my chart.Hope it get there.
We take low risk first entries.
Trading S/R with PA only. No indicators anymore!
  • #5,991
  • Mar 10, 2020 2:23am Mar 10, 2020 2:23am
H1 I marked the 50% of a possible ABCD at 1.2987

Jazz i got that @29832
  • #5,992
  • Mar 10, 2020 2:36am Mar 10, 2020 2:36am
Quoting Jazz1964
{quote} I am flat but could have taken the Buy you possibly took. Nice positive pips there with no risk. I am focusing on the ZOO area on my chart.Hope it get there. We take low risk first entries.
stopped out long for 10, hedged @ 30383, be now
and out
  • #5,993
  • Mar 10, 2020 2:47am Mar 10, 2020 2:47am
Quoting huskyboy
{quote} stopped out long for 10, hedged @ 30383, be now and out
that was an entry on high price even with bear div M5. No bull support there whatsoever.
Remember to Buy with a discount.
Trading S/R with PA only. No indicators anymore!
  • #5,994
  • Mar 10, 2020 2:52am Mar 10, 2020 2:52am
I took 38 pips from a short and then a long. Was watching the market since two hours before the 108. I will be happy with what I got and out for today. But honestly, I am not happy with my long. Not much there except the div.
  • #5,995
  • Mar 10, 2020 2:53am Mar 10, 2020 2:53am
Quoting Jazz1964
{quote} that was an entry on high price even with bear div M5. No bull support there whatsoever. Remember to Buy with a discount.
Jazz when you have time explain that a bit further pls.
  • #5,996
  • Mar 10, 2020 2:56am Mar 10, 2020 2:56am
Quoting Jazz1964
On the D1 the question is if the EMA can break the grey flat level 1.2993ish. There are so many levels to cross and to do so price need to go to 1.3271 first. H4 just made a higher EMA swing and we're interested to see if the bears are able to stop its rising. With 1.3001 being a previous swing high and the H4 EMA reaching that level we have a ZOO there. H1 I marked the 50% of a possible ABCD at 1.2987. Also marked 1.2990 to 1.30 being Price support zones to the left. Also the 50% ABC 1.3003 {image} We are trading below the H1 EMA and I could have...
No I took the bull div on the 5 min to take it back to the EMA on the hour and already got 40 pips!!!!
  • #5,997
  • Mar 10, 2020 2:59am Mar 10, 2020 2:59am
Just hit my TP 48 pips
  • #5,998
  • Mar 10, 2020 3:00am Mar 10, 2020 3:00am
Those Longs would have given a great trade.
Attached Image (click to enlarge)
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Hedge with a short which should have been closed at BE or for a small loss.
Price went on going up.
That would have given a terrific day..... 75% to 100%
As said I was flat, waiting for the ZOO.....
Trading S/R with PA only. No indicators anymore!
  • #5,999
  • Mar 10, 2020 3:01am Mar 10, 2020 3:01am
Yeah you did that Alan! Congratulations!!!
Trading S/R with PA only. No indicators anymore!
  • #6,000
  • Mar 10, 2020 3:02am Mar 10, 2020 3:02am
Quoting huskyboy
{quote} Jazz when you have time explain that a bit further pls.
Please give your chart with your trades.
Trading S/R with PA only. No indicators anymore!
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