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Trading the Cable swings via averages

  • #7,081
  • Jul 8, 2021 5:01am Jul 8, 2021 5:01am
Here today i am to appreciate mr alan's efforts, i tell you one thing to all of you the members of this thread and getting benefit from this method and all of you will agree with me, over the period of last two years i paid so much courses and try to be a profitable trader but all was useless a very famous trader i will not mention his name but give me two courses of 5000$ , first a basic course and then advanced but all was just therois and not so much beneficial especially not for begginers at all. As english is not my native language so dont laugh on my english but here is am telling you Alan is the man who is fully loaded with humanity and humality i mean how a man can give you such a great knowledge sincerely and without any cost it is unbelievable and that is the reason I don't excute trades most of the time because i think how a free method can be profitable (lol) but it is actually profitable. And one big thing Alan reply our basic question and all type of question all the time it is very nice and great.
i watch all the time charts with Alan's template whatever i excute trade or not but watching all the times and charts moves according to Alan. One day i will be very profitable now i have faith on this.
Live long Alan
  • #7,082
  • Jul 8, 2021 5:28am Jul 8, 2021 5:28am
Quoting jewelnguyen
{quote} Thank you Master, I take it this way, at point C we expect the price to hit target D, but if on the way to destination D we get a divergence at HH/LL or at bullish/bearish support pushing the price towards ema side, I should immediately cut my order because triangle ABC is wrong. Do I understand correctly?
Remember with ABCD's the 50% level is also important and it can often turn at this point to hit the D target on the opposite side.
  • #7,083
  • Jul 8, 2021 5:33am Jul 8, 2021 5:33am
Quoting yahya11
Here today i am to appreciate mr alan's efforts, i tell you one thing to all of you the members of this thread and getting benefit from this method and all of you will agree with me, over the period of last two years i paid so much courses and try to be a profitable trader but all was useless a very famous trader i will not mention his name but give me two courses of 5000$ , first a basic course and then advanced but all was just therois and not so much beneficial especially not for begginers at all. As english is not my native language so dont...
What you are saying here is exactly why I started to teach this stuff. I was alarmed and angered at the charges some unscrupulous people were charging for what were essentially rubbish courses.

I appreciate your appreciation.
  • #7,084
  • Jul 8, 2021 6:18am Jul 8, 2021 6:18am
Hi Alan,

I was wondering if you could elaborate a little bit on when and how to move stop losses.

You can use my last trade as an example if you don't mind.
How should I have been thinking?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 71 KB
  • #7,085
  • Jul 8, 2021 6:26am Jul 8, 2021 6:26am
Quoting Nala66
{quote} What you are saying here is exactly why I started to teach this stuff. I was alarmed and angered at the charges some unscrupulous people were charging for what were essentially rubbish courses. I appreciate your appreciation.
Thank you my mentor, mentor can we trade other pairs with this method i see xau/usd gives very respect to our method and one can get 40 pips much earlier than cable in gold, what is the reason behind trading only cable and why you don't recommend other pairs to trade and i know you trade other pairs also in your first thread you were telling about others pairs, are you trade them with this method or this method is only for cable and you trade them with any other method.
i think my questions are mixed up my two questions one is about gold and second is about other pairs with this method or some thing else.
  • #7,086
  • Jul 8, 2021 6:38am Jul 8, 2021 6:38am
Hello again mentor, can you pleas explain me about hook, what it is and what its specifications?
Thank you
  • #7,087
  • Jul 8, 2021 11:06pm Jul 8, 2021 11:06pm
Quoting Fantaburk
Hi Alan, I was wondering if you could elaborate a little bit on when and how to move stop losses. You can use my last trade as an example if you don't mind. How should I have been thinking? {image}
Very easy for me to say in hindsight... no pressure.

First congrats on the great entries, pity about the stop out.

When the market is heading somewhere in this case short it tends not to make a HH than the previous bar. So what I do is to move the stop to just 2 pips above each previous bar to all ow the spread.

It doesn't always work but it gives me a winning chance without too much cramping. Once I get all the stops to safety I can relax and look for the counter signals to close or hedge or I can continue to move my stops locking in more profit.

On your chart below it would have resulted in you getting the 3trades on and being stopped out at the bottom turnaround.
Attached Image (click to enlarge)
Click to Enlarge Name: 9fa9e70302dcc89dcd1244e84096faf5.png Size: 119 KB

This has always been a pain for me, having to move each of the stops individually over and over. I would love a script that says move all stops to XXXX
  • #7,088
  • Jul 8, 2021 11:44pm Jul 8, 2021 11:44pm
Quoting yahya11
{quote} Thank you my mentor, mentor can we trade other pairs with this method i see xau/usd gives very respect to our method and one can get 40 pips much earlier than cable in gold, what is the reason behind trading only cable and why you don't recommend other pairs to trade and i know you trade other pairs also in your first thread you were telling about others pairs, are you trade them with this method or this method is only for cable and you trade them with any other method. i think my questions are mixed up my two questions one is about gold...
I have traded many pairs and gold in the past but the realization comes that one has to word harder to keep on top of things and one spreads ones money thinly.

I settled down to trade just the one pair and now totally ignore all others because this pair reliably pays the dividends and is far easier to monitor the action.

I don't recommend cable it is simply the one I trade and once my 1,2,3 trades are on then there should be no more money to trade anything else anyway.
  • #7,089
  • Jul 8, 2021 11:45pm Jul 8, 2021 11:45pm
Quoting yahya11
Hello again mentor, can you pleas explain me about hook, what it is and what its specifications? Thank you
The HOOK is simply a retest of the divergence and by using the fast RSI as described it is not hard to pick.
  • #7,090
  • Jul 8, 2021 11:52pm Jul 8, 2021 11:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2913bca047e9552fa370fc9ac7958058.png Size: 139 KB

Today we see that the bears are bouncing along the bull support and interestingly the bear div has behaved just like an ABCD. It does this sometimes though I don't know why.

Looks to me like the bears are looking for support now.

Notice all the way down on this bear run they have not held on to a support at all.
  • #7,091
  • Jul 9, 2021 12:25am Jul 9, 2021 12:25am
Quoting jewelnguyen
{quote} This is a rude question, if you don't like it you can unsubscribe

WELL SAID!
  • #7,092
  • Jul 9, 2021 2:14am Jul 9, 2021 2:14am
Quoting jewelnguyen
{quote} This is a rude question, if you don't like it you can unsubscribe
that's not my mean you pick question wrong or may be i ask in not good manner, my applogies if anyone heart
  • #7,093
  • Jul 9, 2021 2:29am Jul 9, 2021 2:29am
Quoting Nala66
{image} Today we see that the bears are bouncing along the bull support and interestingly the bear div has behaved just like an ABCD. It does this sometimes though I don't know why. Looks to me like the bears are looking for support now. Notice all the way down on this bear run they have not held on to a support at all.
Hi Alan,

so regarding this bull support, we know we are waiting for H1 EMA to make the LL which according to my chars was 1.37690. Yet it still has not reached this. Is this a case of bears can break the bull support we should finally reach that LL target?

Or is it more of a case where price has reached the lower level of 1H (which is 1.3610) Should we expect price to consolidate till it reaches LL near this level.

Now my personal take there is a level 1.37382 on the 1h. i think Price needs to smash to this level to make the LL ema...
  • #7,094
  • Jul 9, 2021 3:45am Jul 9, 2021 3:45am
Quoting Nala66
{quote} Very easy for me to say in hindsight... no pressure. First congrats on the great entries, pity about the stop out. When the market is heading somewhere in this case short it tends not to make a HH than the previous bar. So what I do is to move the stop to just 2 pips above each previous bar to all ow the spread. It doesn't always work but it gives me a winning chance without too much cramping. Once I get all the stops to safety I can relax and look for the counter signals to close or hedge or I can continue to move my stops locking in more...
Thanks very much.

This will help me alot actually, to keep my structure once in a trade.

As to script for moving all stops I use this one. Altough it goes under "Expert".
Works fine and does the trick for Targets as well. Just click the smiley when you want to adjust levels and make sure it is a happy smiley to be active.
Attached File(s)
File Type: ex4 Modify all stops.ex4   8 KB | 211 downloads
File Type: mq4 Modify all stops.mq4   5 KB | 250 downloads
  • #7,095
  • Jul 9, 2021 7:36am Jul 9, 2021 7:36am
Quoting Ansab001
{quote} Hi Alan, so regarding this bull support, we know we are waiting for H1 EMA to make the LL which according to my chars was 1.37690. Yet it still has not reached this. Is this a case of bears can break the bull support we should finally reach that LL target? Or is it more of a case where price has reached the lower level of 1H (which is 1.3610) Should we expect price to consolidate till it reaches LL near this level. Now my personal take there is a level 1.37382 on the 1h. i think Price needs to smash to this level to make the LL ema...
Well not really. We see the bears have failed to make the next EMA swing low level so we should be on our guard that the EMA is about to turn, we don't know that but can see price is bouncing off the bull support.

Then when we get to 108 look what we see... a HD giving us a bullish signal and the rest is history as they say...

All EMA swings have to come to an end, that is why we don't short bottoms and long the tops, rather we look for the signals that imply a swing may be in progress.
Attached Image (click to enlarge)
Click to Enlarge Name: 8acd4a01424f41f3d5217d74f25012ce.png Size: 137 KB

We spoke the other day about having confidence, this is a problem when one gets fixed on a notion price may be headed somewhere instead of reading the signals as they crop up in real time and not a speculated time.

Price has failed to make the next level and so has the EMA so now is the time for price to test the opposite side.

This is what the market maker does when facilitating business. His role is to sell currency for the best price and if the demand is there then he will continue to increase the price until the demand drops off. At this point he will test the opposite side for business. Only the marker maker can sell and traders can only buy, whether we short or go long we are still buying the preferred currency with the paired currency.
  • #7,096
  • Edited Jul 15, 2021 11:59am Jul 9, 2021 9:09am | Edited Jul 15, 2021 11:59am
Quoting Nala66
{quote} Well not really. We see the bears have failed to make the next EMA swing low level so we should be on our guard that the EMA is about to turn, we don't know that but can see price is bouncing off the bull support. Then when we get to 108 look what we see... a HD giving us a bullish signal and the rest is history as they say... All EMA swings have to come to an end, that is why we don't short bottoms and long the tops, rather we look for the signals that imply a swing may be in progress. {image} We spoke the other day about having confidence,...
See this is one of the weaknesses I have with these is understanding when support is strong and not.

Now the beauty with the system is you can put on trades with the ema and make either short losses big gains.

Feeling confident that bulls price will touch the next level and it did, and because i couldn't see any change left my trade on and bulls now have made the price level.

Now if we look whats going on now bulls now they made the next level. We are waiting yo see if it continues or will it go back and test EMA ( graph).



Now this si where I get stuck. (and it wont be something to think about till monday, as I am well done with my target and pips)

But where to go from here. Obviously the caveat is we don't know what the price will do or be till 108 on Monday.

{ personal information deleted by staff, per request }
  • #7,097
  • Jul 9, 2021 9:23am Jul 9, 2021 9:23am
Quoting des_b
Bug Fix, Array Crashing and New Rectangles not being generated, hopefully OK now Cheers...Des {file}
Hi Des_b , can you give me the mq4 file of this target so that I can ask a friend to program on MT5. And when it's done, I'll update the MT5 version here.
  • #7,098
  • Jul 9, 2021 10:39pm Jul 9, 2021 10:39pm
Quoting Ansab001
{quote} See this is one of the weaknesses I have with these is understanding when support is strong and not. Now the beauty with the system is you can put on trades with the ema and make either short losses big gains. Feeling confident that bulls price will touch the next level and it did, and because i couldn't see any change left my trade on and bulls now have made the price level. Now if we look whats going on now bulls now they made the next level. We are waiting yo see if it continues or will it go back and test EMA ( graph). Now this si where...
Well done for getting your daily pips, good job.

Notice how the price ran to the next level without even bothering to find support, this is important.

This is where hedging comes into play if the required pips have not yet been made. (They were easily made) Let's assume they were not made and we are all in long.

We ask ourselves "is there are reason to believe this may be a pull back zone to find a support level?" Well we are at the daily R3, we have divs on both the 5 and 15 so I would be getting nervous of a pull back now, so a hedge is required to stop any losses of profits.

Sure enough the hedge kicks in and I can place a stop at BE for it. The stop gets hit much later but in the mean time I would have closed my longs for whatever profit and picked up the difference with my hedge to make the balance of my daily target.

We notice the 5 min shows a bull div so that is where we close the hedge or indeed we have the option to hedge the hedge and once it kicks in we can close the first hedge and protect the second with a stop.

This makes for safe trading because when we hedge we lock in profits with no risk.

Phew! I hope that is clear and maybe needs reading a few times.

Here are a couple of charts 5 and 1hr to help with the visuals.

Notice how price has now stopped exactly on the bear support/bull resistance. This could mean a break of the bull resistance because we have a bull support or it could range between the two. Watch and wait.
Attached Image (click to enlarge)
Click to Enlarge Name: 7a158db04da1a048b587a1c224343831.png Size: 149 KB
  • #7,099
  • Edited Jul 15, 2021 11:58am Jul 12, 2021 11:09am | Edited Jul 15, 2021 11:58am
Hi Alan,

I was wondering if you could give us your view of what happened today. It was seen as a tough day for most of us trading.

So when I came online near 6 3am gmt.

We can see that EMA has reached the next level, about (4am gmt) on the 1h chart.

Now we can see price slowly go to the 26ema, I was wondering did we miss a div on the one hour that showed this?

We also see price bounce of the support level here at 1.39001

Now due to bear support and and the bear support line I was looking for sells, there was an rsi div at 7:30 gmt, it goes bit but comes back to break even.


Then we see one at 08:10 gmt this ones becomes our scalp to the 26 hour ema which is about 36 pips (most of us should be done for the day others need a bit more). During this there was an bull rsi to rsi div at 09:00 am gmt, we buy and this goes to b/e(i myself wont close the sell until this least passes an ema line for a reference point, but I will least put the trade on b/e. Then it went to complete the 36 pips south.

Now here at 10:05 gmt

Now passing the the 1hour ema on the 5 min chart, we see a bull div on the 5min and 15 min at 9 50am gmt, so we put a long (hedge) its b/e and we close our sell as its gone above the 1 hour. and then we follow the bull till we get the reast of ours pips to reach the 40.

Firstly is this the right line of thought?

Secondly,

I also kept thinking price was going to go north, reason being the rsi on the fast was oversold and the slow was on the 50 (at 1hour between 9 - 10am gmt)

However it went south for another 30 pips.

I had 1 buy at 11am gmt with a 5 min div(there wasnt a div at 15 so i didnt have a strong enough signal mind you) which cost me 6 pips.

Now my question is when should my mind set should of changed to selling below the 1hour ema, because of the fast rsi being over sold i thought the buy was on. But instead it went south so maybe i should of went with the 1hour. But was there a signal i missed or any confirmation to go south first?

We can see it did eventually turn north later on..but i was done for the day, but i feel like i missed something out in my analysis.

Charts attached

{ personal information deleted by staff, per request }
  • #7,100
  • Jul 13, 2021 2:31am Jul 13, 2021 2:31am
I don't know what is going on here I tried posting pics this morning but couldn't so I'll try again now. Maybe one chart at a time will work so I'll begin with the one hour for yesterday. I think your thinking is correct but there is a lot of stuff missed out.

It was a slow day but still the pair managed the required pips, twice, once in each direction.

From the div (At bear support/bull resistance) at the top there wasn't much movement until 108 so we expect price to attack the average which it did. But after crossing the bears could not find support and an ABCD was formed and as of now is still current but very choppy.
Attached Image (click to enlarge)
Click to Enlarge Name: 29e873803ce5b8f6aed37d6f13894975.png Size: 97 KB

Ha that chart posted at last.
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