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Trading the Cable swings via averages

  • #6,121
  • Mar 17, 2020 3:36am Mar 17, 2020 3:36am
I have a BE+1 Long just after 108 bar
and +40 pip right at London open, target M15 EMA.
Trading S/R with PA only. No indicators anymore!
  • #6,122
  • Mar 17, 2020 3:47am Mar 17, 2020 3:47am
Quoting Jazz1964
I have a BE+1 Long just after 108 bar and +40 pip right at London open, target M15 EMA.
You shorted that 15 min. divergence right? (at the open)
  • #6,123
  • Mar 17, 2020 4:12am Mar 17, 2020 4:12am
Quoting cuchuflito
{quote} You shorted that 15 min. divergence right? (at the open)
These were two Longs
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At 108 Frankfurt Open, in the H1 the RSI was diverging with Price.
At London Open, the H1 didn't tell me much but the M15 and M5 were clear enough to take a Long. Had to be safe and closed it soon enough.
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Trading S/R with PA only. No indicators anymore!
  • #6,124
  • Mar 17, 2020 4:45am Mar 17, 2020 4:45am
I wouldn't be going long unless scalping because it looks to me like the average is trying to make the LL 2231 and price may well reach the 2041.
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  • #6,125
  • Mar 17, 2020 4:55am Mar 17, 2020 4:55am
2141 is my Target
15M AB=CD
Monthly ABCD
Just above 4H average swing level
  • #6,126
  • Mar 17, 2020 5:07am Mar 17, 2020 5:07am
Quoting 44johnw
2141 is my Target 15M AB=CD Monthly ABCD Just above 4H average swing level
I have that target as 2127
  • #6,127
  • Mar 17, 2020 5:17am Mar 17, 2020 5:17am
Quoting Nala66
{quote} I have that target as 2127
Is that with your - range Alan, thats what I have with the +/- range. I have cut my target short cause I get caught to many times
  • #6,128
  • Mar 17, 2020 6:29am Mar 17, 2020 6:29am
Quoting 44johnw
{quote} Is that with your - range Alan, thats what I have with the +/- range. I have cut my target short cause I get caught to many times
Yes with the plus added. If you don't need the pips then you are better taking your safer option.
  • #6,129
  • Mar 17, 2020 6:45am Mar 17, 2020 6:45am
Quoting 44johnw
{quote} Is that with your - range Alan, thats what I have with the +/- range. I have cut my target short cause I get caught to many times
There is also this larger one on the 15 min
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  • #6,130
  • Mar 17, 2020 7:47am Mar 17, 2020 7:47am
Quoting Nala66
{quote} There is also this larger one on the 15 min {image}
Missed that one

That 2041 average swing level you have Alan, how far back does that go. I have no more levels below the 2213.

Cheers John
  • #6,131
  • Mar 17, 2020 8:53am Mar 17, 2020 8:53am
Quoting 44johnw
{quote} Missed that one That 2041 average swing level you have Alan, how far back does that go. I have no more levels below the 2213. Cheers John
2019:09:03 I had to make the chart 4 feet wide to see that

That is the last target I have all the AB= CD's have been hit.
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  • #6,132
  • Mar 17, 2020 9:01am Mar 17, 2020 9:01am
And now price has just hit the 2041 on the hour
  • #6,133
  • Mar 17, 2020 9:06am Mar 17, 2020 9:06am
Quoting Nala66
And now price has just hit the 2041 on the hour
Alan do you still have the Monthly ABCD that is targeting 1822
  • #6,134
  • Mar 17, 2020 6:51pm Mar 17, 2020 6:51pm
Quoting 44johnw
{quote} Alan do you still have the Monthly ABCD that is targeting 1822
I have two on the monthly 2189 which has been hit and 1731 which we appear to be approaching. However a month is a long time and the daily swings within can be huge.
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  • #6,135
  • Mar 18, 2020 6:55am Mar 18, 2020 6:55am
Cut myself short again tonight Alan. Still trying to get my confidence happening both in extra entries and letting it run to targets. Im determine to get there though.

Entry was 15M Bear Div and Support
Target was 15M AB=CD but cut short at DS1



Cheers John
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  • #6,136
  • Mar 18, 2020 7:42am Mar 18, 2020 7:42am
Quoting 44johnw
Cut myself short again tonight Alan. Still trying to get my confidence happening both in extra entries and letting it run to targets. Im determine to get there though. Entry was 15M Bear Div and Support Target was 15M AB=CD but cut short at DS1 Cheers John {image}
No worries you just have to keep working at faith in what you are doing.

I have been out all day...Kids birthday

I was just checking the charts on my laptop and the monthly I posted above was incorrect... That is I hadn't drawn it very accurately.

The target has actually just been hit, surprised none pulled me up on it.
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So easy to make errors of this magnitude on a monthly chart. The lines are 50000pips thick
  • #6,137
  • Mar 18, 2020 7:56am Mar 18, 2020 7:56am
Now that target on the monthly was the same as the S2 daily pivot and we are see on the hourly that the average is trying to make the LL than 2041

From the onset of our timing bar 108 we were trading below the EMA on the 5 min and that chart produce bear divergences one after the other including one ABCD.

In other words everything said go short and once the trade got under way protect with BE +1 and then let the trade run its course to your TP or more.
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  • #6,138
  • Mar 18, 2020 8:05am Mar 18, 2020 8:05am
Quoting Nala66
{quote} No worries you just have to keep working at faith in what you are doing. I have been out all day...Kids birthday I was just checking the charts on my laptop and the monthly I posted above was incorrect... That is I hadn't drawn it very accurately. The target has actually just been hit, surprised none pulled me up on it. {image} So easy to make errors of this magnitude on a monthly chart. The lines are 50000pips thick
Alan with Des indicator it gives 1824 as the Target. I was trying to work out how you got 1753 but it had me buggered.
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  • #6,139
  • Mar 18, 2020 5:17pm Mar 18, 2020 5:17pm
Is it always safe to do nothing, if there is a pullback, but no level and /or no divergence?
  • #6,140
  • Mar 18, 2020 6:00pm Mar 18, 2020 6:00pm
4H EMA about to hit the last swing low level. This is the last level low I have on all time frames, except the new ones on the lower timeframes. All ABCD have completed as well. There is a new 5M ABCD which is around 200 pips so plenty to play around with.
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