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Trading the Cable swings via averages

  • #6,541
  • Edited 7:13pm Aug 18, 2020 6:58pm | Edited 7:13pm
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.
Well that would depend which time frame you are trading. A pull back down towards the EMA on the 1 hour would show as trading below the average on the 5 min.

Whereas if the 1 hour is pulling up and away from the EMA it would show as trading above the average on the 5 min.

So if we have a target on the 1hour we can get several entries in the right direction on the 5 min. In other words we are using the higher time frame to influence our decision on the lower 5min time frame to get multiple entries over a period of time.

See even if we go to the 4 hour chart the same thing applies... EMA making one level while price attempts the next.
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  • #6,542
  • Aug 18, 2020 7:00pm Aug 18, 2020 7:00pm
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
What about a bull div when price has reached a targeted level. This would be a bull setup below the EMA
  • #6,543
  • Aug 19, 2020 1:44am Aug 19, 2020 1:44am
Quoting Nala66
{quote} What about a bull div when price has reached a targeted level. This would be a bull setup below the EMA
then i always interpreted your post 2351 wrongly
  • #6,544
  • Aug 19, 2020 5:39am Aug 19, 2020 5:39am
Quoting huskyboy
{quote} then i always interpreted your post 2351 wrongly
Hands up all those that waded back to have another look at post 2351
  • #6,545
  • Aug 19, 2020 8:04pm Aug 19, 2020 8:04pm
Quoting mayflower
{quote} Hands up all those that waded back to have another look at post 2351
Actually I would delete that confusing post altogether. I must have had a few too many beers when I wrote that, there are so many mistakes made there.

I just read it and thought "What on Earth was I talking about"



5 red faces for that one.
  • #6,546
  • Aug 20, 2020 3:46am Aug 20, 2020 3:46am
How is everyone doing today.

I haven't had much luck. Got a scalp not so long after the 108, but other than that seems choppy and the signals i see i I don't feel comfortable trading.

Closed out when I spotted that the fast rsi was not crossing the slow at the end.

This for me is more of a mental thing, sometimes I feel very confident on a trade and go all the way sometimes i just dont feel it. I close the trade if its in profit. This is one of my personal challenges i need to overcome.

You could argue I could of took a hedge the other way but I didn't feel it with the H1 trending below.
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  • #6,547
  • Aug 24, 2020 10:01am Aug 24, 2020 10:01am
I hope everyone got a piece of that set up today.

Please let me know if you want me to show you where the setups where.

Was a great day!

Hopefully you guys can see the setups from below too.
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  • #6,548
  • Aug 25, 2020 2:02am Aug 25, 2020 2:02am
Hi Elsaloon,

I've sent you a PM regards joining the Cable Swings telegram chat.

Thanks.
  • #6,549
  • Aug 27, 2020 9:09pm Aug 27, 2020 9:09pm
At last it is Friday and our small group of traders are all set and raring to kick off trading together on Telegram. I know of no better way of getting a handle on trading than working together and seeing in real time what is happening in the market.

We have both a trading plan and a fiscal plan with timelines for achievements taking people forwards to a substantial income to be self employed in this exciting business. I have set the schedule so that it is easily achievable by all and no doubt some will far exceed it and excel with their personal performances.

It all kicks off on Mondays London open for trading but we start a tad earlier to get a handle on the analysis of the respective charts for the GBP/USD. Who knows our group may become the new Turtles as we strive to become Forexianaires.

So happy pip hunting everybody, enjoy the experience and remember to have a laugh.
  • #6,550
  • Aug 28, 2020 1:26am Aug 28, 2020 1:26am
Hi Alan, have gone through the whole thread here and I am really impressed by your take on trading the Cable! I would like to be apart of the Telegram experience sounds exciting and always willing to have a laugh as I sit up here on the Gold Coast QLD....
  • #6,551
  • Aug 28, 2020 12:08pm Aug 28, 2020 12:08pm
The telegram group is now closed for new members
We opened 8 of august and we are 22
All member really trading the Alan's method could join me
i'm not the boss but everybody in the group agree
Chris
  • #6,552
  • Aug 28, 2020 7:08pm Aug 28, 2020 7:08pm
Hi Elasoon have been following and trading this method for a few months now and I would really be a helpful member for this group I feel but is up to Alan if he wants to help me? If not happy to help in any way I can.

Best wishes Mark.
  • #6,553
  • Aug 28, 2020 9:58pm Aug 28, 2020 9:58pm
Quoting mwake
Hi Alan, have gone through the whole thread here and I am really impressed by your take on trading the Cable! I would like to be apart of the Telegram experience sounds exciting and always willing to have a laugh as I sit up here on the Gold Coast QLD....
Please understand that having too many people in the group makes it very difficult to keep up with the posts and I have to repeat myself so many times it becomes tedious. However there is nothing at all stopping you from setting up your very own trading group, you could even do it via people from your local area if you wish and meet for the occasional beer.

There is nothing like trading in a group because you can bounce ideas off one another and point out stuff others may have missed.

So I am sorry you missed out here but you still have options.
  • #6,554
  • Aug 28, 2020 10:19pm Aug 28, 2020 10:19pm
Thanks Alan, appreciate your work and help and if there becomes room in the group in the future would love to be involved and always happy to help in anyway...

Don't no anyone else up this way that trades just the cable.

Good luck to all and hope its a great success.

Anyway Thanks again Mark.
  • #6,555
  • Edited 2:58am Aug 29, 2020 2:48am | Edited 2:58am
Well, that is a shame that I miss the Telegram group. I planned to restart trading. Still dealing with health issues centered around heart problems but I need to go on and get live trading up and running again and grab the profits like 5 months ago.
Enjoy weekend everybody!
Trading S/R with PA only. No indicators anymore!
  • #6,556
  • Aug 29, 2020 3:37am Aug 29, 2020 3:37am
Quoting Elsaloon
The telegram group is now closed for new members We opened 8 of august and we are 22 All member really trading the Alan's method could join me i'm not the boss but everybody in the group agree Chris
Hey Chris, I've sent you PM on Aug 14th and I didn't get any response. I'd really like to be a part of the group.
  • #6,557
  • Aug 29, 2020 6:20am Aug 29, 2020 6:20am
Quoting KevinOwens
{quote} Hey Chris, I've sent you PM on Aug 14th and I didn't get any response. I'd really like to be a part of the group.
Me as well
  • #6,558
  • Aug 29, 2020 9:42am Aug 29, 2020 9:42am
Quoting KevinOwens
{quote} Hey Chris, I've sent you PM on Aug 14th and I didn't get any response. I'd really like to be a part of the group.
Same here, sent one on Aug 15th.
  • #6,559
  • Aug 29, 2020 10:19am Aug 29, 2020 10:19am
Quoting KevinOwens
{quote} Hey Chris, I've sent you PM on Aug 14th and I didn't get any response. I'd really like to be a part of the group.
I'd really like too.
Ale
  • #6,560
  • Aug 31, 2020 12:10am Aug 31, 2020 12:10am
Hi Guys,

Does the creation of a telegram group mean there will be less participation in this thread?
Hope is the worst indicator...
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