Trading the Cable swings via averages

Quoting Nala66

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{quote} 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.

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Quoting jewelnguyen

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{quote} In this case, I don't know how to determine the TP, I will wait for a divergence to reverse, maybe RSI and price, maybe RSI / RSI to close the trade. Is this correct? Thanks you very much Jewel

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Quoting Nala66

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{quote} 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.

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Quoting yahya11

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{quote} Thank you so much Alan for comment on my post. here is my analysis there was appropriate time (near bara 108) i spot a bearish regular divergence (red one) i thoght this will send price back to ema in the south direction but there were another divergence after some time that was bullish divergence ( green one) but i was so confuse that which divergence will work and i was not sure where will price go that why i dont trade but after some time price went up i was just watching over and very disappointment with my performance{image}

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Quoting yahya11

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i have some doubts in my mind and for clearification i will ask some question to you i will be very gratefull if you answer i am sure you will because you are so kind well this is my question, is this valid bullish divergence and which wicks you used to look for divergence{image}

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Quoting yahya11

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another question to you Alan take a look at both regular divergences first one green which was sucessfull to sent price across the ema but orange one also a bullish divergence but that was fail to sent price up although a bar after that was bullis but then went south , i know here bears find support but how can we assure that which divergence will sucessfull and which not and after which divergence bull or bears find support without any opposite divergence{image}

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Quoting Nala66

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{quote} Some of the stuff you have missed on your chart I have added here {image}

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Quoting yahya11

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{quote} you are so nice Alan , thank you so much i understand now. Time by time i will show you my charts to nourish my trading

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Quoting mayflower

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Keep an eye on that ABCD on the 60m with a potential target of 1.3863

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Quoting Nala66

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It has done exactly the same here today. Ema failed in the short direction Price tested the long direction. {image}

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Quoting R8b8l

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I will post a pdf file with text only, from the beginning of the thread til now.Is is from all the important posts from Alan .You can read it with e-books, cell phones anywhere you like.There are some chart explanations also ,but if you know the overall picture of this method ,you can easily imagine the graphics.I am sure some will find it useful as i am.As always read ,digest,study, prosper !

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Quoting Nala66

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It may help a little to look at the 4 hour where I have a few longer term predictions on the go... {image}

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Quoting R8b8l

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{image}

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