Disliked"Remember from what I previously wrote about using start up capital equal to the sum you wants to earn daily. For me that was $1,000. So to calculate this first method I regard 40 pips as a daily achievable event. Thus 1000/40 = 25 so I need to be trading at $25 a pip. Dividing the $25 by 6 means my entries are 3, 6 and 9 mini lots which totals $25 (For me 18 lots = AUD$25) This is my preferred daily objective." Hi Alan, could I possibly clarify something in the above. I am ok with the 1000/40=25 so you need 25$ per pip to make 1000$ (your target),...Ignored
Trading the Cable swings via averages
- #6,706
- Edited 4:24pm Dec 11, 2020 2:48pm | Edited 4:24pm
- Joined Oct 2018 | Status: Trader | 233 Posts
Nala thank you for your answears.
If you don't mind i am tryng to make up the step by step in my mind for trading your method.
1) Find the ZOO (Zones of oportunity)
1.1) Swing high and lows of average on 5M in and H1
1.2) H1 bearish and bullish failures
1.3) H1 divergences
1.4) AB=CD 50% zone on H1
1.5) Hidden divengences on H1 (EDITED)
2) Targets
2.1) Average swings with 40 to 50 pips distance at least?
2.2) AB=CD projection
3) Entries
3.1) RSI/RSI divengence
3.2) Slow-RSI/Price divergence
3.3) Bears or Bulls found support below and above EMA respectively
3.4) Pivot formation above or below EMA
3.5) Hidden divergence (EDITED)
3.6) 2 Bar test (EDITED)
4) Hedge until targed is reached using entries on topic 3 (Extra cash and insurance)
4.1) Your hedge may become your main trade
5) Money management (Should be the first one in the list)
6) Recommended time to trade is before bar 108 (EDITED)
Please correct in my mistakes
Thank you
If you don't mind i am tryng to make up the step by step in my mind for trading your method.
1) Find the ZOO (Zones of oportunity)
1.1) Swing high and lows of average on 5M in and H1
1.2) H1 bearish and bullish failures
1.3) H1 divergences
1.4) AB=CD 50% zone on H1
1.5) Hidden divengences on H1 (EDITED)
2) Targets
2.1) Average swings with 40 to 50 pips distance at least?
2.2) AB=CD projection
3) Entries
3.1) RSI/RSI divengence
3.2) Slow-RSI/Price divergence
3.3) Bears or Bulls found support below and above EMA respectively
3.4) Pivot formation above or below EMA
3.5) Hidden divergence (EDITED)
3.6) 2 Bar test (EDITED)
4) Hedge until targed is reached using entries on topic 3 (Extra cash and insurance)
4.1) Your hedge may become your main trade
5) Money management (Should be the first one in the list)
6) Recommended time to trade is before bar 108 (EDITED)
Please correct in my mistakes
Thank you
MTN
Dear All,
This is the first chart I am posting. Started to study this system a couple of weeks ago. Would appreciate if any of you could give me his/her opinion. The way I see it there is a price - slow RSI divergence with price that has reached target and M26 failed. So I am expecting tomorrow, Monday 14th dec., prices to go up and possibly cross the M26 (also fast RSI at the bottom) with targets as per chart.
Awaiting your comments.
Thanks. 
This is the first chart I am posting. Started to study this system a couple of weeks ago. Would appreciate if any of you could give me his/her opinion. The way I see it there is a price - slow RSI divergence with price that has reached target and M26 failed. So I am expecting tomorrow, Monday 14th dec., prices to go up and possibly cross the M26 (also fast RSI at the bottom) with targets as per chart.
Awaiting your comments.
Thanks.
Alan,
shall we call this a double bearish divergence on the 1H? if so, this becomes a ZOO? If this is the case, should we look for bear support on the 5min chart? which seams to be there at the present time....but I am still not confident establishing supports for bull or bears.... 
shall we call this a double bearish divergence on the 1H? if so, this becomes a ZOO? If this is the case, should we look for bear support on the 5min chart? which seams to be there at the present time....but I am still not confident establishing supports for bull or bears....
Hello guys, my analysis and entries today
H1 was near swing high and RSI fast was overbough so i switched to M5 to search for divergences.
-My first entry was a loss
-The second divergence i hesitated
it would be a scout entry and target of 40 pips was fast 
-A little later i saw bull finding resistance and i made i scout entry
-A bullish divergence appears
i hedged
-A bearish divergence apears, i add to the short and move first entry to BE (moved hedge at near as i could to the entry)
-hedge gets stoped
-I lost my nerve
and forget to add the third bearish lot 
-Bearish target is reached
- All losses are nullified and i see profit
As you see, very emotional trading, and lots of mistakes.
H1 was near swing high and RSI fast was overbough so i switched to M5 to search for divergences.
-My first entry was a loss
-The second divergence i hesitated
it would be a scout entry and target of 40 pips was fast -A little later i saw bull finding resistance and i made i scout entry
-A bullish divergence appears
i hedged-A bearish divergence apears, i add to the short and move first entry to BE (moved hedge at near as i could to the entry)
-hedge gets stoped
-I lost my nerve
and forget to add the third bearish lot -Bearish target is reached
- All losses are nullified and i see profit
As you see, very emotional trading, and lots of mistakes.
MTN
If we look at the hour we see we have stalled at the 50% of the ABCD and then at the 5 min we see several bear divs at the 5 min ABCD target. These divs fail to get back across the EMA so we could be looking at a run for the 1 hour target. I have put red circles around the supports. {image}
Meantime, I took these as signals for the trade. But as you can see what I have marked as support is not the same as yours......any suggestion?
Good Morning Alan,
This is the setup I could work out for today.
On the H1 chart, I think we have an ABCD kind of pattern, but it seams that prices are not going to follow it on the upside. Is this correct?
Are the 2 support areas market correctly? if not, why?
I tried to draw the target lines for the H1. Are there any others in the way?
For some reasons, I am totally unable to draw the targets on the M5....really not confident with any of them.
Thanks. 
This is the setup I could work out for today.
On the H1 chart, I think we have an ABCD kind of pattern, but it seams that prices are not going to follow it on the upside. Is this correct?
Are the 2 support areas market correctly? if not, why?
I tried to draw the target lines for the H1. Are there any others in the way?
For some reasons, I am totally unable to draw the targets on the M5....really not confident with any of them.
Thanks.
