{quote} 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.
Trading the Cable swings via averages
- #6,101
- Mar 13, 2020 4:08am Mar 13, 2020 4:08am
- | Joined Sep 2009 | Status: Trader | 1,425 Posts
- #6,104
- Mar 13, 2020 6:31am Mar 13, 2020 6:31am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
Here again was another trade to take it short based on what I said about the hour chart and the EMA going lower.
To do that price will have to go lower also, so we look for the short and here below is where I would have taken it.
Again I could have been wrong and lost a minor trade the additional entries would have been made on the 1 min chart for this 15 min move.
Each time the 1min showed a bull div I would have moved my stop to protect some profit.
To do that price will have to go lower also, so we look for the short and here below is where I would have taken it.
Again I could have been wrong and lost a minor trade the additional entries would have been made on the 1 min chart for this 15 min move.
Each time the 1min showed a bull div I would have moved my stop to protect some profit.
- #6,106
- Mar 13, 2020 8:04am Mar 13, 2020 8:04am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
Price just hit 1.24592 an ABCD that Des's code picked up on the 12th...5 min chart
We can work this out...
If the swing average is not going to take out the previous swing average high then it should test the swing low. This is exactly what happened.
Now if the average it is going to test the swing low average then where is the price likely to go.... To the D of the ABCD
We can work this out...
If the swing average is not going to take out the previous swing average high then it should test the swing low. This is exactly what happened.
Now if the average it is going to test the swing low average then where is the price likely to go.... To the D of the ABCD
- #6,108
- Mar 13, 2020 8:24am Mar 13, 2020 8:24am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
You guys should be communicating what you see by now and all that is needed is on the chart below..
All that needs to be said is...
Bearish HD on 5m
Potential ABCD target 2459
There is no need for long winded analysis unless someone wants more details.
All that needs to be said is...
Bearish HD on 5m
Potential ABCD target 2459
There is no need for long winded analysis unless someone wants more details.
- #6,109
- Mar 13, 2020 5:34pm Mar 13, 2020 5:34pm
The Daily is ready to make a new lower EMA swing low. {image} The next level is at 1.23xx It would not surprise me if we see that level again in a short time. No explanation here but it has to do with Weekly resistance line +61% fib + distribution seen on the Daily ==> potential sell off. Not that we only should Sell!
Trading S/R with PA only. No indicators anymore!
Dear Alan and everyone, I have been reading this thread for about 30 pages. Please can I ask if I use the system from the first pages, is it still relatively the same up to this point (page 306)?
Alan thank you very much for sharing your method
Napasorn.
Alan thank you very much for sharing your method
Napasorn.
- #6,114
- Mar 16, 2020 10:46pm Mar 16, 2020 10:46pm
- Joined Mar 2016 | Status: Trader | 6,378 Posts
Dear Alan and everyone, I have been reading this thread for about 30 pages. Please can I ask if I use the system from the first pages, is it still relatively the same up to this point (page 306)? Alan thank you very much for sharing your method
{quote} Well that is partially true. However first off you need a reason to be taking the test and this is where the ZOO points of the 1 hour play a role. What we are trying to achieve is a very early entry at these ZOO points with a tight stop. The stop being below the bar being tested. These entries are tentative ones where we risk very little then as the trade progresses we add to the trade with more and more confidence that a particular target is going to be reached.
