Trading the Cable swings via averages | Page 301 | 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

  • #6,001
  • Mar 10, 2020 3:06am Mar 10, 2020 3:06am
Quoting KevinOwens
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.
That's great Kevin.
For the Long you had also the time of the day 108...!
Well done! I missed it.
Trading S/R with PA only. No indicators anymore!
  • #6,002
  • Mar 10, 2020 3:16am Mar 10, 2020 3:16am
Quoting Jazz1964
{quote} Please give your chart with your trades.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5 1003 0908.png Size: 35 KB
  • #6,003
  • Mar 10, 2020 3:16am Mar 10, 2020 3:16am
Quoting Jazz1964
{quote} That's great Kevin. For the Long you had also the time of the day 108...! Well done! I missed it.
Thanks Jazz. But I would've liked it more if it was at zoo, H4 EMA or H1 SR.
  • #6,004
  • Mar 10, 2020 3:19am Mar 10, 2020 3:19am
Quoting huskyboy
{quote} {image}
Ah okay. That charts makes your text more clear. You wrote "stopped out long for 10" And I thought you had a loss of 10 pips, meaning you would have bought above the EMA.
Trading S/R with PA only. No indicators anymore!
  • #6,005
  • Mar 10, 2020 3:21am Mar 10, 2020 3:21am
Quoting KevinOwens
{quote} Thanks Jazz. But I would've liked it more if it was at zoo, H4 EMA or H1 SR.
Yeah what to say. I missed the boat by waiting for the ZOO. Our entries are low risk.
Trading S/R with PA only. No indicators anymore!
  • #6,006
  • Mar 10, 2020 3:26am Mar 10, 2020 3:26am
Quoting Nala66
{quote} 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!!!!
wonder where you kept your sl? I can see now I should have placed it few pips below the first pullback bar after the 108
  • #6,007
  • Mar 10, 2020 3:29am Mar 10, 2020 3:29am
Quoting Jazz1964
{quote} Yeah what to say. I missed the boat by waiting for the ZOO. Our entries are low risk.
Yeah, better to be safe than sorry. You did the right thing imo. Also, you must have had a big payday yesterday. So, that covers even if you dont get a single entry today. isn't it?
  • #6,008
  • Mar 10, 2020 3:32am Mar 10, 2020 3:32am
Quoting Jazz1964
{quote} Yeah what to say. I missed the boat by waiting for the ZOO. Our entries are low risk.
You should have said hello to me Jazz, I was the bloke standing on the dock next to you watching the boat sail away.

Oh well always another trade brewing

Cheers John
  • #6,009
  • Mar 10, 2020 3:34am Mar 10, 2020 3:34am
Quoting KevinOwens
{quote} Yeah, better to be safe than sorry. You did the right thing imo. Also, you must have had a big payday yesterday. So, that covers even if you dont get a single entry today. isn't it?
Yesterday was 90% while my weekly target is 50%.
But but but the 108 is reason to take the trade, we had the bull div's. Our risk is low.
If indeed that one would have failed, I would not chase every div but wait for a ZOO.
Trading S/R with PA only. No indicators anymore!
  • #6,010
  • Mar 10, 2020 3:34am Mar 10, 2020 3:34am
Quoting 44johnw
{quote} You should have said hello to me Jazz, I was the bloke standing on the dock next to you watching the boat sail away. Oh well always another trade brewing Cheers John
Trading S/R with PA only. No indicators anymore!
  • #6,011
  • Edited 4:47am Mar 10, 2020 3:35am | Edited 4:47am
If you look at the 1 hour at the 108 that is a ZOO based on the timing. Then the 5 min is in a bullish div.

The pull up to the 1 hour EMA is the same distance as the swing average level on the 5 min... By measuring we can see it is worth the risk because it exceeds the 40 pips I want.

Also the bear support on the hour was tested. If it breaks this then the long ABCD target is likely. Even more so if the bulls find support on the hour.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 85 KB
  • #6,012
  • Mar 10, 2020 3:36am Mar 10, 2020 3:36am
Quoting Nala66
... the 108 that is a ZOO based on the timing. ...
That!
Trading S/R with PA only. No indicators anymore!
  • #6,013
  • Mar 10, 2020 3:38am Mar 10, 2020 3:38am
Thank you for showing your exact trade Alan, much appreciated!
Trading S/R with PA only. No indicators anymore!
  • #6,014
  • Mar 10, 2020 3:42am Mar 10, 2020 3:42am
If the 5 min is going to break the long swing average then look where price is likely to go....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
  • #6,015
  • Mar 10, 2020 3:46am Mar 10, 2020 3:46am
Quoting Nala66
If you look at the 1 hour at the 108 that is a ZOO based on the timing. Then the 5 min is in a bullish div. The pull up to the 1 hour EMA is the distance as the swing average level on the 5 min... By measuring we can see it is worth the risk because it exceeds the 40 pips I want. Also the bear support on the hour was tested. If it breaks this then the long ABCD target is likely. Even more so if the bulls find support on the hour. {image}
Thanks for this post Alan. I learned a few things.
  • #6,016
  • Mar 10, 2020 4:05am Mar 10, 2020 4:05am
If you look at the 1 hour at the 108 that is a ZOO based on the timing.

Alan is there any other timing based ZOOs That you look at eg. Start/End of bars

John
  • #6,017
  • Mar 10, 2020 4:59am Mar 10, 2020 4:59am
Quoting 44johnw
If you look at the 1 hour at the 108 that is a ZOO based on the timing. Alan is there any other timing based ZOOs That you look at eg. Start/End of bars John
Hi John.

Not really, I just want to get in and out during this most productive time.

It is interesting to note however that the close of the 4 hour bar often gives a good signal at the lower time frame for an entry.
  • #6,018
  • Mar 10, 2020 5:04am Mar 10, 2020 5:04am
Look what is happening on the 4H. The EMA is trying to take out the average swing so price is just about in a holding pattern while the EMA catches up to it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
  • #6,019
  • Mar 10, 2020 5:48am Mar 10, 2020 5:48am
That's it for me then
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 105 KB

19+24 pip
Trading S/R with PA only. No indicators anymore!
  • #6,020
  • Mar 10, 2020 6:47am Mar 10, 2020 6:47am
Quoting Nala66
{quote} Hi John. Not really, I just want to get in and out during this most productive time. It is interesting to note however that the close of the 4 hour bar often gives a good signal at the lower time frame for an entry.
Thanks Alan
4 traders viewing now