Trading the Cable swings via averages

Quoting Nala66

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Phillipmc you need to read and interpret what the chart is telling you. (A) was the original long target which price easily made but the average at (B) never made it to (A) because as you rightly pointed out price ran into divergence possibly halting the average from climbing further. In other words the average (B) failed to make the HH of (A)) So the test begins for the opposite direction (B) is a failure so we expect (D) to succeed in passing the LL at (C). If it is to succeed then price makes the next level (E) {image}

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Quoting mohamasolgi

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Hello Nala, I am from Iran, I have just got acquainted with your system. Are the fluctuations in Kabul still working?

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Quoting Nala66

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{quote} Not sure what you mean here... Have you tried pressing the button to see if the water flushes down the pan.

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Quoting Nala66

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{quote} Not sure what you mean here... Have you tried pressing the button to see if the water flushes down the pan.

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Quoting mohamasolgi

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{quote} I just like your strategy, I've been practicing for two weeks now because I'm an amateur, I think you made fun of me

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Quoting mohamasolgi

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[quote = Nala66؛ 11722637] خوب 25 دلار برای من لازم است تقسیم بر روی 1.46 کنم زیرا می خواهم 25 دلار دلار Aussie نه آمریکا. این نتایج در...

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Quoting Nala66

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{quote} Obviously the management of the trading account is the most important aspect for consideration. Lose your capital and that is the end game calling for a new supply if it is to be had at all. Putting all ones eggs in one basket is not very clever, we should only deposit what we are willing to lose or at least risk. It is wrong to think the more money you have the less the risk. One can lose $1000 just as easily as losing $100 or $10 this would all be relative to the risk placed on the trade. At the same time we need to consider winning and...

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Quoting mohamasolgi

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{quote} thank you. Today, my first trade lost $ 100, now I have $ 700. I really do not know exactly what leverage to enter into, where to put the loss limit?

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Quoting Nala66

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{quote} Not sure if you really mean leverage rather than margin. The leverage is the amount your broker grants you to leverage your account such as 50 to 1 or 400 to 1. The margin is the amount of your account you commit to a trade, the cost of the lot size. Then there is the conversion of your base currency to also calculate. To find all these numbers the best way is to place the smallest trade possible i.e. 1 micro lot being about 10c per pip travelled. Write down the numbers from your navigator to determine how much the margin cost you. Then...

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Quoting Nala66

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...To find all these numbers the best way is to place the smallest trade possible i.e. 1 micro lot being about 10c per pip travelled. Write down the numbers from your navigator to determine how much the margin cost you. Then close the trade when your have won or lost a dollar. Look into the history and work out how many pips of movement and then how much each pip was worth. Now you have the basis of your mathematics for 1 micro lot. It is easy then to multiply this to determine the next levels of mini and standard lots i.e. 10 micro lots = 1 mini...

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Quoting mohamasolgi

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{quote} 2020.11.09 12:28:27.565 '37128130': order #192887774 buy 0.01 GBPUSD at 1.33601 sl: 1.33298 tp: 1.33909 closed at price 1.33695

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Quoting birdland

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Nala, i like your thread. it is clear and very educational and i see high knowledge. my motherlanguage is german, but i try my best;-) i am trading a loong time and my main trading pair is GU. thats why i am learning your approach. here my first trade (with demo) for +45 pips. i saw an obvious divergence and the target was the low of yesterday, where the stops are. my entry was rather intuitively. was the entry correct? {image}

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Quoting Nala66

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{quote} This is a bit sad really since it just points out the fact that as the trade progressed you did nothing. The same applies to the next of your posts. I have no idea at all what 30+ pips mean since pips are relative to the market movement not your account movement. Mastering the entry is only a small part of the trade the trade itself has to be managed to maximize the profit potential all the time aiming for your desired outcome which depending on your leverage could be up to 100% of your account.

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Quoting birdland

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{quote} don't be sad, i made more than +100 pips yesterday;-) your statement is not really helpful, it makes not much sense to me. when i am in a position i try to follow the trend, stay in as long as possible and manage the trade with trailing stops. anyway, nice thread!

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