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Trading the Cable swings via averages

  • #7,121
  • Jul 15, 2021 2:05am Jul 15, 2021 2:05am
Now this is a situation where I can use some profit to make a risk. This means I can go in with the full amount and risk say 10 pips or so. When I do this iI move my stop as price goes in my direction until I can get it at BE
  • #7,122
  • Jul 15, 2021 2:08am Jul 15, 2021 2:08am
Quoting Ansab001
{quote} plus 7, lets see if we are developing a hook
The hook was long ago and my second entry.
Attached Image (click to enlarge)
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See how the fast RSI did not cross the slow for the hook to form. This is a sign of bear weakness.
  • #7,123
  • Edited 11:21am Jul 15, 2021 2:35am | Edited 11:21am
This is turning better than i hoped, was hoping for a quick scalp to ema. but it gone all the way down to the last bear support level.

I am done for the day..

So there was a div ont he 5 , 15 and 1 so we hedged, i got 7 pips , there then this beauty which i thought was a scalp to the ema, has went down. All the way down for a whopping for 40 pips.
Attached Image(s) (click to enlarge)
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  • #7,124
  • Jul 15, 2021 3:25am Jul 15, 2021 3:25am
Quoting Ansab001
This is turning better than i hoped, was hoping for a quick scalp to ema. but it gone all the way down to the last bear support level. I am done for the day.. So there was a div ont he 5 , 15 and 1 so we hedged, i got 7 pips , there then this beauty which i thought was a scalp to the ema, has went down. All the way down for a whopping for 40 pips. {image} {image}
Easy hey! I got the balance on the way down and went long again at the 5 min div bottom for another ten. That will do now.

Having that extra ten means I can lose the next 6 entries which rarely happens.
  • #7,125
  • Jul 15, 2021 3:36am Jul 15, 2021 3:36am
Quoting Ansab001
{quote} Nala can you give us some examples of continuation divs, i relay struggle seeing them. Today we came on looking to continue with the buys , however we can't see an entry point at them moment , except the risky bull support on the 5.
Yep not much on this run down but on the run up we had a few.

5 min chart

1 was a regular bull div.
2 was an RSI div
3 was a regular bull div

All of which told of a continuation above the average. Look where the fast RSI was relative to these divs (red boxes)
Attached Image (click to enlarge)
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  • #7,126
  • Jul 15, 2021 11:40am Jul 15, 2021 11:40am
Hi Mentor, is this a valid ABCD ?
Attached Image (click to enlarge)
Click to Enlarge Name: 15 july ABCD.png Size: 53 KB
  • #7,127
  • Jul 15, 2021 12:27pm Jul 15, 2021 12:27pm
Quoting yahya11
Hi Mentor, is this a valid ABCD ? {image}
Hi Yahya, compare your chart with the chart posted above by Nala, especially look at the fast rsi. Yours is not set properly. Look at post 28 how it should be done. And above all there's a beautiful indi posted by des_b that draws those ABCD's perfectly, look for it starting from post 5634
  • #7,128
  • Jul 15, 2021 8:45pm Jul 15, 2021 8:45pm
Quoting yahya11
Hi Mentor, is this a valid ABCD ? {image}
Yes it is I traded the same one...
  • #7,129
  • Jul 15, 2021 11:58pm Jul 15, 2021 11:58pm
Hi Alan , pleas have a check my notes
first of all
1. draw lines on h1 and m5 swing averages and look where to ema heading on both, also check ABCD target
2. then look for div or support or hook around bar 108
3.make a tentave entry first and then add entries on support or hook, after some pips set stops on break even
4.hedge if a div appear at appopriate differenc from ema
5.hedge off if the price pull back from support or on ema
6.then add another entry to the direction of primary trade
7.if hedge goes well and our break even of primary trade hit then our profit will be our hedge only, we can also use trailing stop of primary trades
8.entries with proper money managment and limit our risk
thats all if any correction needed then pleas guide me i will be very thankfull to you
  • #7,130
  • Jul 16, 2021 12:20am Jul 16, 2021 12:20am
Quoting huskyboy
{quote} Hi Yahya, compare your chart with the chart posted above by Nala, especially look at the fast rsi. Yours is not set properly. Look at post 28 how it should be done. And above all there's a beautiful indi posted by des_b that draws those ABCD's perfectly, look for it starting from post 5634
you are right but i set my rsi as alan tell fast rsi is on 5 and on previous indicators data and slow one is on 14 and close
what should i do ?
  • #7,131
  • Jul 16, 2021 2:50am Jul 16, 2021 2:50am
Quoting Nala66
{quote} In the 'Apply to' box set as per below... {image}
ok Yahya, i guess you do it like Nala explained but do you drag your rsi 5 into the rsi 14 chart like des_b explained?
  • #7,132
  • Jul 16, 2021 3:09am Jul 16, 2021 3:09am
Quoting yahya11
{quote} you are right but i set my rsi as alan tell fast rsi is on 5 and on previous indicators data and slow one is on 14 and close what should i do ?
Make sure you have dragged the fast RSI onto the panel containing the slow RSI and set it to previous indicators data.

Below is the difference...
Attached Image (click to enlarge)
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  • #7,133
  • Jul 16, 2021 3:10am Jul 16, 2021 3:10am
Quoting huskyboy
{quote} ok Yahya, i guess you do it like Nala explained but do you drag your rsi 5 into the rsi 14 chart like des_b explained?
yes it was close my mistake now i set on previous indicator's data. my mistake. thank you so much sir you correct me, it is big mistake
  • #7,134
  • Jul 16, 2021 3:17am Jul 16, 2021 3:17am
Quoting yahya11
Hi Alan , pleas have a check my notes first of all 1. draw lines on h1 and m5 swing averages and look where to ema heading on both, also check ABCD target 2. then look for div or support or hook around bar 108 3.make a tentave entry first and then add entries on support or hook, after some pips set stops on break even 4.hedge if a div appear at appopriate differenc from ema 5.hedge off if the price pull back from support or on ema 6.then add another entry to the direction of primary trade 7.if hedge goes well and our break even of primary trade...
There are many ways to trade, indeed specializing in any or all the signals I have demonstrated will certainly stand you in good stead.

These same actions repeat just about every day even though they may look a little different the process is always the same.

Stick to the notes you have made and you won't go too far wrong.

My primary warning is to never add to a losing trade.
  • #7,135
  • Jul 16, 2021 3:22am Jul 16, 2021 3:22am
Well that was a quick day... roll on Monday
  • #7,136
  • Jul 16, 2021 4:59am Jul 16, 2021 4:59am
Quoting Nala66
{quote} Make sure you have dragged the fast RSI onto the panel containing the slow RSI and set it to previous indicators data. Below is the difference... {image}
yes Alan i set it thank you so much
  • #7,137
  • Jul 16, 2021 5:30am Jul 16, 2021 5:30am
very busy day for me but was very easy it was very good day first time i trade without fear and got good profits and small losses, Amazing and thanks again Alan for this system and pleas commit on my trades , where is correction needed
Attached Image (click to enlarge)
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  • #7,138
  • Jul 16, 2021 5:37am Jul 16, 2021 5:37am
Quoting Nala66
{quote} There are many ways to trade, indeed specializing in any or all the signals I have demonstrated will certainly stand you in good stead. These same actions repeat just about every day even though they may look a little different the process is always the same. Stick to the notes you have made and you won't go too far wrong. My primary warning is to never add to a losing trade.
yes you are right mentor whenever i loss i loss on defending a wrong positon hedging losing trade and give huge amount of my mony but when i open a position and it goes wrong near my stop i feel it will return to profit after hitting my stop and due to this feeling i remove stop often but that goes too far wrong often. but when i keep calm and stop hit, trade return to profit side that is so disapointed
  • #7,139
  • Jul 16, 2021 8:34am Jul 16, 2021 8:34am
Quoting yahya11
very busy day for me but was very easy it was very good day first time i trade without fear and got good profits and small losses, Amazing and thanks again Alan for this system and pleas commit on my trades , where is correction needed {image}
Looks OK
  • #7,140
  • Jul 16, 2021 1:18pm Jul 16, 2021 1:18pm
Quoting Nala66
{quote} Looks OK
Hi Allan, as for the entries shown above, what makes the place where they are taken to be zoo points? Or we should not ignore any Divergence regardless off whether it is on a zoo or not? The first 2 entries by Yahya I can say the zoo is the 5 min ema but the rest I can't tel. Also is the telegram group still active?
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