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Trading the Cable swings via averages

  • #6,081
  • Mar 12, 2020 8:49am Mar 12, 2020 8:49am
Quoting Nala66
You may be thinking there is no target for the hour but don't forget the good old 4 hour has a target and it has hit the 50% level. {image}
and now it has hit its D-level
  • #6,082
  • Mar 12, 2020 9:12am Mar 12, 2020 9:12am
Quoting huskyboy
{quote} and now it has hit its D-level
and currently also sitting bang on the Daily "D" as well, need to confirm with Alan on cancellations !!!!
  • #6,083
  • Mar 12, 2020 3:15pm Mar 12, 2020 3:15pm
Quoting des_b
Thanks Jazz, I will try to take on board what you said and incorporate it into my trading as I can definitely see the logic in trying to Buy/Sell at the extremes Cheers...Des
Just that I hesitated (how) to answer your question. I don't know in what way it can help or if it is provocative to make errors.
Trading S/R with PA only. No indicators anymore!
  • #6,084
  • Mar 12, 2020 5:45pm Mar 12, 2020 5:45pm
Quoting huskyboy
can we draw this AB=CD{image}
I was thinking about this after I shut down last night.

You had this drawn on the 1 hour chart below the EMA but what if you dropped the time frame to the 5 or even 1 minute then maybe it does straggle the EMA to warrant being called an AB = CD
  • #6,085
  • Mar 12, 2020 6:03pm Mar 12, 2020 6:03pm
Quoting des_b
{quote} and currently also sitting bang on the Daily "D" as well, need to confirm with Alan on cancellations !!!!
Well there you go maybe there is no cancellation.

This doesn't stop me trying to solve riddles we have to keep pushing for knowledge and testing to verify it.

It is this logical process that has led me to discover so much that has a very high probability of being true.

It would be nice if others contributed their discoveries advancing our combined knowledge exponentially.

That was an amazing run down yesterday and I see that at one time it made a 160 pip retracement which would normally be a whole days move.

Looking for answers this is what I found on the daily which I had not noticed previously... Lime green AB = CD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB
  • #6,086
  • Mar 13, 2020 1:57am Mar 13, 2020 1:57am
if the H1 EMA can break the 1,25718 next price target is the EMA swing at 1,22288 or am I missing some levels? On the H4 next price target is 1,22528? On the daily 1,23241?
  • #6,087
  • Mar 13, 2020 2:11am Mar 13, 2020 2:11am
Quoting huskyboy
if the H1 EMA can break the 1,25718 next price target is the EMA swing at 1,22288 or am I missing some levels? On the H4 next price target is 1,22528? On the daily 1,23241?
Correct but the 1 hour is in a bullish div so maybe the bulls will stop the drop.
  • #6,088
  • Mar 13, 2020 2:15am Mar 13, 2020 2:15am
Quoting Nala66
{quote} Correct but the 1 hour is in a bullish div so maybe the bulls will stop the drop.
thx Alan, yes saw that div and enough space to the EMA H1
  • #6,089
  • Mar 13, 2020 3:05am Mar 13, 2020 3:05am
Now I ´m hedged long, on the Bull Div. removed my short stop.
  • #6,090
  • Mar 13, 2020 3:05am Mar 13, 2020 3:05am
Quoting Nala66
{quote} Correct but the 1 hour is in a bullish div so maybe the bulls will stop the drop.
bull support on the M5 M15
  • #6,091
  • Mar 13, 2020 3:26am Mar 13, 2020 3:26am
I'm done for the day...that was easy hey!
  • #6,092
  • Mar 13, 2020 3:30am Mar 13, 2020 3:30am
Quoting Nala66
{quote} Correct but the 1 hour is in a bullish div so maybe the bulls will stop the drop.
bull div did its job, almost touched the H1 EMA and gave me my daily pips. Not completely satisfied the way I did it but working on it. Guess I need tons of time to reach my goal, beeing a trader but giving up is not an option. Thx Alan for system, support...everything
  • #6,093
  • Mar 13, 2020 3:41am Mar 13, 2020 3:41am
Yes it did.

Here was my take on the action….
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB
  • #6,094
  • Mar 13, 2020 3:42am Mar 13, 2020 3:42am
Dont think I left any rule unbroken for my first entry. Stopped out second entry so had another crack. Target was the 1HR EMA as Bull Div on 1HR was reason for entry. Still struggling to pull the trigger on the 3rd entry and Hedging but will get there.
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot(5).png Size: 16 KB


Thanks Alan and Jazz for your help.

Cheers John
  • #6,095
  • Mar 13, 2020 3:44am Mar 13, 2020 3:44am
Quoting huskyboy
{quote} bull div did its job, almost touched the H1 EMA and gave me my daily pips. Not completely satisfied the way I did it but working on it. Guess I need tons of time to reach my goal, beeing a trader but giving up is not an option. Thx Alan for system, support...everything
You just have to have faith in what you are doing and move the stops to protect yourself and give confidence in the trade. It doesn't matter if you get stopped out, your rewards far exceed the losses.
  • #6,096
  • Mar 13, 2020 3:50am Mar 13, 2020 3:50am
Quoting Nala66
Yes it did. Here was my take on the action…. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 1303 0948.png Size: 26 KB

look how different my H1 charts is?
  • #6,097
  • Mar 13, 2020 3:51am Mar 13, 2020 3:51am
I haven't got a clue what the market will do from here.

I think though I don't know, is that from here on in the market gets choppy and traders lose money trying to second guess the moves unless a clear signal is given.

If price does cross this 1H ema then look at the size of the ABCD it will form!!!!!
  • #6,098
  • Mar 13, 2020 3:51am Mar 13, 2020 3:51am
Quoting 44johnw
Dont think I left any rule unbroken for my first entry. Stopped out second entry so had another crack. Target was the 1HR EMA as Bull Div on 1HR was reason for entry. Still struggling to pull the trigger on the 3rd entry and Hedging but will get there. {image} Thanks Alan and Jazz for your help. Cheers John
nice John
  • #6,099
  • Mar 13, 2020 3:54am Mar 13, 2020 3:54am
Quoting huskyboy
{quote} {image} look how different my H1 charts is?
Crikey my div is far more prominent.

I think this is down to what times brokers use to close the bars so if price is moving quickly it can make a big difference.
  • #6,100
  • Mar 13, 2020 4:05am Mar 13, 2020 4:05am
My best guess at this time is that the EMA will drop more so when the bulls do get across later they will be attacking the pivot at 2615 for the A point of an ABCD and this would be about a 100 pip move.
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