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Trading the Cable swings via averages

  • #6,161
  • Mar 26, 2020 4:04am Mar 26, 2020 4:04am
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M5, we had bull div at ZOO, prev H1 price low, price failed to get to the EMA and came back to the ZOO in a HD. Bull support and 2-line breaks gave the entries
  • #6,162
  • Mar 26, 2020 9:38am Mar 26, 2020 9:38am
nearest price projections are H1 AB=CD and ABCD, daily EMA swing @ 1.21892 and Daily EMA 1.2267
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  • #6,163
  • Mar 26, 2020 12:03pm Mar 26, 2020 12:03pm
Quoting huskyboy
{image} M5, we had bull div at ZOO, prev H1 price low, price failed to get to the EMA and came back to the ZOO in a HD. Bull support and 2-line breaks gave the entries
That Boy, that!
or try to get in earlier at discount
Trading S/R with PA only. No indicators anymore!
  • #6,164
  • Mar 26, 2020 8:52pm Mar 26, 2020 8:52pm
On this one hour chart I am not looking at the swings because the distance is huge, this is a 50 pips grey grid.

What we do have is two ABCD's within this vicinity so I would be looking for pull backs to go long on the lower time frames.
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  • #6,165
  • Mar 26, 2020 9:08pm Mar 26, 2020 9:08pm
This is what I mean by the market making target adjustments.

The red target formed and Des's tool picked this nicely.

Now price failed the top D target and recrossed the EMA finally closing in a new ABCD position (orange). We see now we are travelling between the 50% long and short so we are stuck in this range for the time being.

Note how the new C level is being respected.
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  • #6,166
  • Mar 26, 2020 9:18pm Mar 26, 2020 9:18pm
I hope everyone is keeping well and looking after themselves, this is a great business for social distancing and if one has been laid off work this is a great time to study it.

Keep your workspace as clean as you possibly can, you have all the time in the world to do this so be meticulous. This goes doubly so if you are old like me.

Take care of yourself no one else can do that for you, the buck stops with you.

Best wishes for you all

Alan
  • #6,167
  • Mar 26, 2020 9:34pm Mar 26, 2020 9:34pm
Quoting Nala66
On this one hour chart I am not looking at the swings because the distance is huge, this is a 50 pips grey grid. What we do have is two ABCD's within this vicinity so I would be looking for pull backs to go long on the lower time frames. {image}
Hi Alan

Would you follow the 5 or 15m EMA up with pending buy orders to catch pullbacks, or is this a dangerous practice to be doing in your thoughts.


Cheers John
  • #6,168
  • Mar 26, 2020 11:33pm Mar 26, 2020 11:33pm
Quoting 44johnw
{quote} Hi Alan Would you follow the 5 or 15m EMA up with pending buy orders to catch pullbacks, or is this a dangerous practice to be doing in your thoughts. Cheers John
I rarely use the 15 min preferring the 5 min

So looking to the hour for direction. I then look to the 5 min for the pull back. Then I drop to the 1 min for an oversold condition.
  • #6,169
  • Mar 26, 2020 11:51pm Mar 26, 2020 11:51pm
I have just had a go long twice now and stopped out for BE +1 both times because the 1 min is failing to get across the EMA
  • #6,170
  • Mar 27, 2020 12:02am Mar 27, 2020 12:02am
Looking at the daily chart this is a very dangerous situation. Are the bulls going to stop the bears or are the bears going to continue.

I might take this day off, or scalp a few later.
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  • #6,171
  • Mar 27, 2020 3:37am Mar 27, 2020 3:37am
Alan, thx for your posts. Could this be possible, 3 adjustments?
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  • #6,172
  • Mar 27, 2020 4:35am Mar 27, 2020 4:35am
Quoting huskyboy
Alan, thx for your posts. Could this be possible, 3 adjustments? {image}
Well in a word yes. However we could go on like this and not get anywhere, we need to draw the line somewhere. So for now, though I continue to research, I am sticking to the original concept because that has worked for a long time.

Be nice if someone has found sumthin else.
  • #6,173
  • Mar 27, 2020 4:47am Mar 27, 2020 4:47am
Today was fairly standard the difference being the large numbers of pips.
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  • #6,174
  • Mar 27, 2020 4:52am Mar 27, 2020 4:52am
Now that chart above could have had adjustments but sticking to the original we see the target was hit and a bull div followed to take it long again.

I don't think we will go too far wrong sticking to this tried and tested way.
  • #6,175
  • Mar 27, 2020 4:59am Mar 27, 2020 4:59am
Here is another weird one...
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  • #6,176
  • Mar 27, 2020 5:00am Mar 27, 2020 5:00am
I would just class the one above as just a regular div.
  • #6,177
  • Mar 27, 2020 5:31am Mar 27, 2020 5:31am
Quoting Nala66
Today was fairly standard the difference being the large numbers of pips. {image}
and both H1 and M5 ran into that ZOO with a bull div
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  • #6,178
  • Mar 27, 2020 5:33am Mar 27, 2020 5:33am
Quoting Nala66
Here is another weird one... {image}
yes you can keep drawing them
  • #6,179
  • Mar 27, 2020 11:24am Mar 27, 2020 11:24am
Eventually hits its target from the 19th on the 1H
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  • #6,180
  • Mar 31, 2020 1:53am Mar 31, 2020 1:53am
Hi, I know people donīt want to disclose their brokers.
I trade with OANDA, based on Nalaīs great system
but on 30 min. charts, (3 pairs to get more opportunities), cause I run my business from home at the same time.
5 minutes is just too fast when you are on the phone with a client.
I try to close everything before the Asian session starts, I live in Europe. But sometimes a position lingers, and I just leave it overnight with a stop and TP.
PROBLEM: I trade with OANDA, they increase the spreads on that session by a multiple of 10 or more..
Example: EURGBP 16 pips !!!!!!all through the night.

Any broker recommendations? you can send me a private message if you donīt want to make it public.Thanks in advance.
Been with OANDA for 10 years, never happened before, guess they got a virus stuck in their brain.
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