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Trading the Cable swings via averages

  • #6,861
  • Apr 12, 2021 5:03am Apr 12, 2021 5:03am
Quoting Nala66
{quote} A pivot is simply a low or high point of a swing This is completely different from the projected daily pivots which are based upon a calculation. It is a common practice to place stops above/below these swings if one is expecting the high/low not to be broken.
Hi Alan,

Below is example of pivot point below EMA.
Is correct?

Thanks
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  • #6,862
  • Apr 12, 2021 9:18am Apr 12, 2021 9:18am
Quoting Nala66
I will have to write up the changes to money management because of the new leverage restrictions... when I get the chance!
I will be very grateful for this! In Europe we are limited to 30 maximum leverage.
  • #6,863
  • Apr 12, 2021 10:11am Apr 12, 2021 10:11am
Quoting Nala66
{quote} Thank you very much for the great effort you have put into this. I am sure many people will appreciate it. Write the post number down folks so you can find it later (6851)
Maybe fix it in the first page? Please?
MTN
  • #6,864
  • Apr 12, 2021 10:33am Apr 12, 2021 10:33am
Quoting Marcelomtn
{quote} Maybe fix it in the first page? Please?
Done
  • #6,865
  • Apr 12, 2021 10:34am Apr 12, 2021 10:34am
Quoting R8b8l
{quote} I will be very grateful for this! In Europe we are limited to 30 maximum leverage.
Same here in Australia now...
  • #6,866
  • Edited 3:32am Apr 13, 2021 3:12am | Edited 3:32am
[quote = Nala66; 11969838] {quote} Được rồi, tôi vừa sử dụng Skype trong vài giờ qua để giải thích điều tương tự. Vì vậy, có thể có một số nhầm lẫn ra khỏi đó. Chúng ta hãy xem xét AC trước ... Đây là một đường được vẽ từ trục tấn công đến trục bị tấn công trên biểu đồ giá. Nếu bên phải C thấp hơn A thì chúng ta kiểm tra các trục tương ứng trên RSI chậm. Nếu bên phải cao hơn bên trái thì chúng ta có sự phân kỳ. Bây giờ chúng ta tìm điểm B và đây luôn là mức thấp nhất (hoặc mức cao nhất) giữa hai trục xung đột. Chúng tôi chỉ đang xem xét đóng cửa. Bây giờ chúng ta có thể nối các điểm để tạo thành tam giác ABC và mục tiêu là khoảng cách AB từ C. = DD là hỗ trợ (hoặc kháng cự) bị phá vỡ. Các giao dịch này rất khó thực hiện vì chúng ta không biết liệu chúng là phân kỳ tiếp diễn hay phân kỳ đảo chiều. Vì vậy, chúng tôi cần thêm thông tin. Nếu tín hiệu của chúng ta nằm trên biểu đồ 5 phút thì chúng ta cần quan sát biểu đồ 1 giờ đang hoạt động như thế nào để chúng ta có thể biết được đường đi của mình. Vì vậy, chúng tôi nhận được điều này bên dưới {image} [/ quote]

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Hi, Alan

I found this picture in your post 1604. I have 1 question:

- 2 points A and C below are 1 continuous bearish divergence, we have point B as the lowest point, compared to A and C. Target D is calculated as follows: C + AB = D
- 2 points B and C above are 1 continuous bullish divergence, we have point A is the highest point compared to B and C. Target D is calculated as follows: C - AB = D
Do I understand that right, Master?
Thank you very much
  • #6,867
  • Apr 13, 2021 6:06am Apr 13, 2021 6:06am
Hi Alan, you are the best one i ever met as trader sorry my english this is not my native. I have been reading and practicing your method almost from two months i totally understand all the things that you describe but unfortunately i am in loss since then. I am not able to pick market in correct way eventheless i know all the things, i was just thinking and watching and market made its move. i just write to ask you how can i overcome my situation and be profitable
  • #6,868
  • Apr 13, 2021 6:09am Apr 13, 2021 6:09am
Can i also be the profitable by this method?, i just lose my confidence after so much loses even i know this is the best method
  • #6,869
  • Apr 13, 2021 8:13am Apr 13, 2021 8:13am
Quoting yahya11
Can i also be the profitable by this method?, i just lose my confidence after so much loses even i know this is the best method
test stragety with demo account first
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  • #6,870
  • Apr 13, 2021 9:26pm Apr 13, 2021 9:26pm
Quoting jewelnguyen
[quote = Nala66; 11969838] {quote} Được rồi, tôi vừa sử dụng Skype trong vài giờ qua để giải thích điều tương tự. Vì vậy, có thể có một số nhầm lẫn ra khỏi đó. Chúng ta hãy xem xét AC trước ... Đây là một đường được vẽ từ trục tấn công đến trục bị tấn công trên biểu đồ giá. Nếu bên phải...
Yes you understand correctly.
  • #6,871
  • Apr 13, 2021 9:36pm Apr 13, 2021 9:36pm
hello Alan,
Here is my analysis. On H1, the price is above the EMA so the main trading direction will be Buy.
On the M5:
A Divergence pulls the price back to ema, but it has failed to cut the ema at C, which will produce HH. So where is this HH?
B is the nearest pivot point A, looking down at RSI, we see that C has surpassed B, C attacked B, forming a triangle ACB.
So HH will be point D, CD = AB.
Sorry I passed bar 108 for academic purposes
Is it correct?
Please comment for me.

Thank you very much

Jewel
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  • #6,872
  • Apr 13, 2021 9:47pm Apr 13, 2021 9:47pm
Quoting yahya11
Can i also be the profitable by this method?, i just lose my confidence after so much loses even i know this is the best method
Without knowing what you are actually doing in real time it is impossible for me to comment.

Perhaps it may help a tad if you were to post your charts with examples of your trades and why you took them. I find it helps to do this because you often find you solve your own problems.

It all boils down to...

a) Timing
b) Direction
c) Controlled risk
d) Compounding the profit
e) Reaching you personal realistic target.
  • #6,873
  • Apr 13, 2021 10:08pm Apr 13, 2021 10:08pm
Quoting jewelnguyen
hello Alan, Here is my analysis. On H1, the price is above the EMA so the main trading direction will be Buy. On the M5: A Divergence pulls the price back to ema, but it has failed to cut the ema at C, which will produce HH. So where is this HH? B is the nearest pivot point A, looking down at RSI, we see that C has surpassed B, C attacked B, forming a triangle ACB. So HH will be point D, CD = AB. Sorry I passed bar 108 for academic purposes Is it correct? Please comment for me. Thank you very much Jewel {image}
That is not an ABCD triangle because you are not looking at the correct pivot C is attacking, I circled the correct one and this is just a regular bullish divergence.

There were several other signals in the chart of yours and I have added some including a hidden div and two bear divs.
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  • #6,874
  • Apr 13, 2021 10:17pm Apr 13, 2021 10:17pm
If we look at the 1 hour chart we see that the bears were unable to find support.

The bulls have found support.
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  • #6,875
  • Edited 11:18pm Apr 13, 2021 10:54pm | Edited 11:18pm
[quote = Nala66; 13494120] {quote} That is not an ABCD triangle because you are not looking at the correct pivot C is attacking, I circled the correct one and this is just a regular bullish divergence.There were several other signals in the chart of yours and I have added some including a hidden div and two bear divs. {image} [/ quote]
Thank you very much,
But I think if you choose point B where you circle it, it is not the ABCD pattern, because it is all on the same side of the EMA. Is this correct?
  • #6,876
  • Apr 13, 2021 11:15pm Apr 13, 2021 11:15pm
Quoting yahya11
Can i also be the profitable by this method?, i just lose my confidence after so much loses even i know this is the best method
When you are not familiar with it, you should use a demo account or a micro account. Learning is to practice to improve, please post your analysis here for your master to comment. Currently I am also using a demo account.
When you have mastered, confident enough, use a real account
  • #6,877
  • Apr 13, 2021 11:20pm Apr 13, 2021 11:20pm
Quoting jewelnguyen
[quote = Nala66; 13494120] {quote} That is not an ABCD triangle because you are not looking at the correct pivot C is attacking, I circled the correct one and this is just a regular bullish divergence.There were several other signals in the chart of yours and I have added some including a hidden div and two bear divs. {image} [/ quote] Thank you very much, But I think if you choose point B where you circle it, it is not the ABCD pattern, because it is all on the same side of the EMA. Is this correct?
Yes exactly
  • #6,878
  • Apr 13, 2021 11:53pm Apr 13, 2021 11:53pm
Hi Alan,
If I choose the circled point as my entry point, how will my TP be calculated?

Please help me

Jewel
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  • #6,879
  • Apr 14, 2021 12:06am Apr 14, 2021 12:06am
Quoting jewelnguyen
Hi Alan, If I choose the circled point as my entry point, how will my TP be calculated? Please help me Jewel {image}
Your TP is what you are aiming for, once your stop is set at the BE plus a bit then you can just watch the charts looking for some evidence of resistance causing you to either hedge the trade or simply close it.
  • #6,880
  • Apr 14, 2021 12:23am Apr 14, 2021 12:23am
It may help a little to look at the 4 hour where I have a few longer term predictions on the go...
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