Trading the Cable swings via averages

Quoting Zelias

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{quote} I think I didn't explain myself clearly, so I'll try my best with a picture (usually worth a thousand words lol). {image} I trade RSI divergences all the time, like the one plotted in "magenta" colour - these are our bread and butter. However, I don't trade the RSI divergences in "yellow", where a major pivot has been broken - this is because my tests show me that those trades are either short-lived or losers in the bigger percentage of time. Of course, some of them will go as explained by Alan but lower % than the other setups (do your...

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Quoting jewelnguyen

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{quote} {image} Hi Alan and everybody In this post, there is a concept called "major pivot", I don't understand this concept, could someone please explain it for me. Thank you very much Jewel

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Quoting R8b8l

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For those of you who like to study and have not read the whole thread i have attached pdf files with all the posts from Alan with graphics and explanations and some from Jazz .These are after the Davidmaree`s pdf from April 2019 till today.It is not that professional as his but it is a compilation of all the important posts. Read, digest, study, prosper! With dedication comes the inspiration! {image} {image} {image} {image} {image} {image} {image} {image} {image}

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Quoting Nala66

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I will have to write up the changes to money management because of the new leverage restrictions... when I get the chance!

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Quoting R8b8l

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For those of you who like to study and have not read the whole thread i have attached pdf files with all the posts from Alan with graphics and explanations and some from Jazz .These are after the Davidmaree`s pdf from April 2019 till today.It is not that professional as his but it is a compilation of all the important posts. Read, digest, study, prosper! With dedication comes the inspiration! {image} {image} {image} {image} {image} {image} {image} {image} {image}

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Quoting Marcelomtn

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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...

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Quoting jewelnguyen

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{quote} hello Alan, hello Marcelomtn, hello everybody, Can someone please explain this to me: "Pivot formation above or below EMA", I don't understand what a concept "Pivot formation" Thank you very much Jewel

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Quoting Nala66

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The 1 hour hit the ABCD target then took off like a rocket but the bulls have not yet found support so expect them to do so before taking out the bear supports..i.e 1, 2, and 3. Sometimes this happens after the break like they suddenly remember to find support before continuing. {image}

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