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Trading the Cable swings via averages

  • #6,521
  • Aug 14, 2020 3:44am Aug 14, 2020 3:44am
Quoting Ansab001
Sorry Nala, Whatb do you mean by Helmut? i have been on and off and I think i missed this part.
Helmut is a guy I am talking with in a group on Telegram
  • #6,522
  • Aug 14, 2020 3:45am Aug 14, 2020 3:45am
Quoting Ansab001
Sorry Nala, Whatb do you mean by Helmut? i have been on and off and I think i missed this part.
Excuse me, Helmut is me. Alan gives me some instructions from our telegram chat
  • #6,523
  • Aug 14, 2020 3:55am Aug 14, 2020 3:55am
Ah ok, is this a private telegram can anyone join?

if it is private apologies.

Alan has helped me and i find the strategy a lot easier to follow now. Happy to help . But i font want to step on anyone toes.
  • #6,524
  • Aug 14, 2020 4:02am Aug 14, 2020 4:02am
Quoting Ansab001
Ah ok, is this a private telegram can anyone join? if it is private apologies. Alan has helped me and i find the strategy a lot easier to follow now. Happy to help . But i font want to step on anyone toes.
Anyone trading this method can join no worries

Just PM Elsaloon for a link
  • #6,525
  • Aug 15, 2020 4:19am Aug 15, 2020 4:19am
Hi all.

Just wanted to give a big thank you to Alan! First and foremost for all the effort you put in but of course also the strategy.

I am still struggling with consistency and trusting what I see is correct. Also think I have been a bit too focused on the divs and maybe over trading, rather than which direction to go and where the EMA is reaching for.
But slowly getting the hang of it!

Anyways, big thanks again.
  • #6,526
  • Aug 16, 2020 11:37pm Aug 16, 2020 11:37pm
Quoting Fantaburk
Hi all. Just wanted to give a big thank you to Alan! First and foremost for all the effort you put in but of course also the strategy. I am still struggling with consistency and trusting what I see is correct. Also think I have been a bit too focused on the divs and maybe over trading, rather than which direction to go and where the EMA is reaching for. But slowly getting the hang of it! Anyways, big thanks again.

This is something I went through. At the start I think the issue with most who come to this thread is they try to simplify the system. It is not easy and the divergence element will take time to get your head round.

Some rules from my experiance to help:

Divergence usually will send price to the ema and cross (usually) This does not mean it will. We are trading when price long when price is aboive the ema and short when below. a common mistake with people they trade right at the oversold and overbought. Now this is an opportunity as the system is meant as a roadmap. However! it can lead you slightly astray.

The importance of support is paramount. I would not even put on a trade until you see signs of support. This is one people overlook.

Practice but do not quickly go one and try put on all 3 steps for the trade. Take your time learn the system getting even 1 trade and achieving the 10 pip scalp a day is an amazing result as you master the system. At the early stage I kept trying to add the 2ed and 3rd levels. Getting stopped out as I was not paying full attention.

Also one advice I would give everyone ready the first 10 or so pages in this thread like a national anthem or bible. Print them out see the examples where the trade has gone.

There is an overview in this thread print that out!

Be methodical. Spotting a signal and not taking a trade is not a lost trade. It is a successful spotting of the signal.

There is also a pdf on hidden divergence here take out and memorize it.

If you have questions ask. I see many seem shy as worried there answers are in the age of the thread. That is fine. Sometimes people can overlook. I've been on this strategy Since October last year.It has became my primary and if i didn't ask silly questions for answers already there I would never gotten the answer or where the answer is!

But most of all good luck.

I leave you with my most important experience

With anything in life the way to master it is to spend 1000 hours learning it and 1000 hours practicing it. As to quote Alan there is no holy grail to froex. The key to success is to master the story your charts tell you and act accordingly.
  • #6,527
  • Aug 17, 2020 2:29am Aug 17, 2020 2:29am
Quoting Ansab001
{quote} This is something I went through. At the start I think the issue with most who come to this thread is they try to simplify the system. It is not easy and the divergence element will take time to get your head round. Some rules from my experiance to help: Divergence usually will send price to the ema and cross (usually) This does not mean it will. We are trading when price long when price is aboive the ema and short when below. a common mistake with people they trade right at the oversold and overbought. Now this is an opportunity as the...

Many many thanks for the encouraging words!
  • #6,528
  • Aug 17, 2020 8:39am Aug 17, 2020 8:39am
Hi Alan, thanks for such a great thread, I am learning so much from studying it.
Is has certainly opened my eyes how to read the markets from your perspective.
As soon as I get my head around the core concepts I will be sure to participate in your thread and Telegram room.
Take Care
ww
'May God guide you on your life's journey...'
  • #6,529
  • Aug 17, 2020 10:10pm Aug 17, 2020 10:10pm
I wouldn't be thinking along the lines of hard and fast rules. Think more of this being a logic rather than a system.

The concept is quite simple....

If the market is trading above the average then we are long.
If the market is trading below the average then we are short.

Then we ask the question for either direction..

Where is price likely heading.?

From this reasoning we then determine both our risk and our reward within the constraints of the distances we have plotted.

These things are not subjective, this is simply the evidence in front of your eyes...

Take a look at the chart below Is the evidence not there?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 127 KB
  • #6,530
  • Aug 18, 2020 12:52am Aug 18, 2020 12:52am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 1808.png Size: 79 KB
correct?
  • #6,531
  • Aug 18, 2020 3:28am Aug 18, 2020 3:28am
Thanks for the chart Alan, when you put it look that, it does make the concept as clear as day.
I now just need too:

PRACTICE, PRACTICE, PRACTICE!!!
'May God guide you on your life's journey...'
  • #6,532
  • Aug 18, 2020 4:00am Aug 18, 2020 4:00am
Quoting huskyboy
{image}correct?
Very good, go to the top of the class and give the pencils out.

That was a lot of hours though hey!
  • #6,533
  • Aug 18, 2020 5:56am Aug 18, 2020 5:56am
Quoting Elsaloon
Hello everybody Sorry that is the first time i use telegram and don’t know FF very well Some people could connect easyly, others no Send me a private mesage please and i’ll do my best Don’t know why but i had to delete members who were on the chat without trading the cable with Alan Regards Chris
Hi Elsaloon,

Did you get the message I sent you on Saturday?

Take Care
ww
'May God guide you on your life's journey...'
  • #6,534
  • Aug 18, 2020 6:14am Aug 18, 2020 6:14am
Quoting Nala66
I wouldn't be thinking along the lines of hard and fast rules. Think more of this being a logic rather than a system. The concept is quite simple.... If the market is trading above the average then we are long. If the market is trading below the average then we are short. Then we ask the question for either direction.. Where is price likely heading.? From this reasoning we then determine both our risk and our reward within the constraints of the distances we have plotted. These things are not subjective, this is simply the evidence in front of your...

When you say, trading above/below the average, is that considering the 1h or the 5m?

Might be one of the stupid questions but hey.
Ask some, learn some.
  • #6,535
  • Aug 18, 2020 6:38am Aug 18, 2020 6:38am
Quoting Nala66
{quote} Very good, go to the top of the class and give the pencils out. That was a lot of hours though hey!
targets reached
  • #6,536
  • Aug 18, 2020 6:47am Aug 18, 2020 6:47am
Quoting Fantaburk
{quote} When you say, trading above/below the average, is that considering the 1h or the 5m? Might be one of the stupid questions but hey. Ask some, learn some.
i thought ist not possible to have a bull setup when price is trading below the H1 ema, at best we can expect a scalp
  • #6,537
  • Aug 18, 2020 9:34am Aug 18, 2020 9:34am
Quoting huskyboy
{quote} i thought ist not possible to have a bull setup when price is trading below the H1 ema, at best we can expect a scalp
Thought it was valid in a div situation or at a ZOO point when we can expect price to return to the EMA with a 40 pip distance?
  • #6,538
  • Aug 18, 2020 9:45am Aug 18, 2020 9:45am
Quoting huskyboy
{quote} i thought ist not possible to have a bull setup when price is trading below the H1 ema, at best we can expect a scalp

I would of thought it at H1 if price has formed a valley, it would tell you if the bears are losing support. You would need to do the two bar test but it can be a small scalp via a hedge if you are going through a bear trend set up. It could be changing but there would need to be more support, I.E are there any bears in the price when the RSI fast has cross the slow, has it crossed the slow again or is it forming a pivot?


Remember RSI will also tell you if bears and bull have supports, what the chance for avg reaching that level. This can help you take the scalp with the divergence. Can it lead to a trade, well over the year I have had one or two occasions it has, but the RSI and the EMA will dictate this .Nothing is impossible just unlikly. I personally see it as a scalp opportunity/hedge opportunity.
  • #6,539
  • Aug 18, 2020 10:18am Aug 18, 2020 10:18am
Quoting wonderwoman
{quote} Hi Elsaloon, Did you get the message I sent you on Saturday? Take Care ww
No
Regards
Chris
  • #6,540
  • Aug 18, 2020 10:30am Aug 18, 2020 10:30am
Quoting Elsaloon
{quote} No Regards Chris
Hi Chris, I have just resent the personal message, please let me know if you don't receive it.
Take Care
ww
'May God guide you on your life's journey...'
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