Trading the Cable swings via averages | Page 369 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Identifying Market Swings - Medium and Long Term Trading 619 replies

Trading With Moving Averages 72 replies

Moving Averages Zone Trading 10 replies

HELP! GMMA (Guppy's Multi-Moving Averages) Trading Mehod 3 replies

Via indicator: trading xxxyyy via zzz 0 replies

Attachments: Trading the Cable swings via averages
Exit Attachments

Trading the Cable swings via averages

  • #7,361
  • Oct 22, 2021 12:01am Oct 22, 2021 12:01am
Quoting prohaha
{quote} Waiting your response to my Q1. Regards
A holding pattern is simple where the price tends to just bounce up and down while staying beyond the EMA. This allows the EMA more time the make a HH or LL.

See the holding pattern here on the 15 min chart. It holds above the EMA until the EMA makes the HH even though the price does not and then it collapses via the bear div.
Attached Image (click to enlarge)
Click to Enlarge Name: ea8269a58787afa9eedcc03f34b5e8fb.png Size: 138 KB
  • #7,362
  • Oct 22, 2021 10:41am Oct 22, 2021 10:41am
Really struggled today. No loss but so many breakeven.

Always on Monday!

How did everyone else do today?
  • #7,363
  • Oct 23, 2021 12:25am Oct 23, 2021 12:25am
Quoting Ansab001
Really struggled today. No loss but so many breakeven. Always on Monday! How did everyone else do today?
I wonder why, the signals were clear enough.
Nice ZOO on the 1 hour with a nice entry signal on the 15 min and a target of the 1 hour EMA swing low.
Attached Image (click to enlarge)
Click to Enlarge Name: 10a48cc6c43b78180e376950e1c3e1b0.png Size: 169 KB
  • #7,364
  • Oct 23, 2021 3:24am Oct 23, 2021 3:24am
Quoting Nala66
{quote} I wonder why, the signals were clear enough. Nice ZOO on the 1 hour with a nice entry signal on the 15 min and a target of the 1 hour EMA swing low. {image}

Its the timing of it Alan, I can really only trade till 9 30am gmt time(soemtimes 10 30am gmt), which is annoying as I see the signal and unless i'm home i can take it later in the day.

But there is always Monday!
  • #7,365
  • Oct 23, 2021 7:16am Oct 23, 2021 7:16am
Quoting Ansab001
{quote} Its the timing of it Alan, I can really only trade till 9 30am gmt time(soemtimes 10 30am gmt), which is annoying as I see the signal and unless i'm home i can take it later in the day. But there is always Monday!
Well I haven't tried this because like you it is out of synch with my time to trade.

What I am saying is change the pairs but keep the strategy. Instead of trading in the morning look for a pair that begins in your evening, it may not move as much as the European market but it may provide you with more opportunity.

Let me know what pairs are better suited and I will monitor them for a while to see how they perform. The chances are they will be cheaper also and this means you can get more bang for your buck in terms of lots.
  • #7,366
  • Oct 23, 2021 7:51am Oct 23, 2021 7:51am
Here below is the AUD/JPY and I just plotted it the way I would normally do and the results are the same... it obeys the rules.

We have a bear div at the top which makes and breaks the EMA.

We have the green ABCD triangle hitting its target.

This was followed by a HD returning price to the EMA.

Then we had the yellow ABCD again hitting its target, it may well run to the blue AB = CD however I do see an RSI div at this time.
Attached Image (click to enlarge)
Click to Enlarge Name: 8695576a461f54247a59f5b5557b7cb0.png Size: 108 KB

Not sure if this suits timewise but it shows the methods work fine.
  • #7,367
  • Oct 23, 2021 9:47am Oct 23, 2021 9:47am
Quoting Nala66
{quote} I wonder why, the signals were clear enough. Nice ZOO on the 1 hour with a nice entry signal on the 15 min and a target of the 1 hour EMA swing low. {image}
Hi Alan,

I'm using your concept to read the chart infomation and interpret its meaning but Money management is what I want to focus on and it is my weakness.
A three stage entry is totally best way to do when price go according to the plan we predict. However, if life was that simple we would all be rich. I got a lot of SL and BE+ because of moving SL quickly.
So, could you show us your reaction when you were wrong? For example, you got SL for entry 2 or 3, what would you do? (relate to signal to re-entry what if price keep moving forward without any pullback? lot size of the following entry, equal or double?, and so on)

Regards.
  • #7,368
  • Oct 25, 2021 2:51am Oct 25, 2021 2:51am
Quoting Nala66
{quote} Well I haven't tried this because like you it is out of synch with my time to trade. What I am saying is change the pairs but keep the strategy. Instead of trading in the morning look for a pair that begins in your evening, it may not move as much as the European market but it may provide you with more opportunity. Let me know what pairs are better suited and I will monitor them for a while to see how they perform. The chances are they will be cheaper also and this means you can get more bang for your buck in terms of lots.
95% of the tiem GBP and USD is fine.

Another pair worth watching may be GBPJPY.

Unfortunately you will need tor recalculate your stops etc, due to the high spread. But it works well.
  • #7,369
  • Nov 15, 2021 3:10am Nov 15, 2021 3:10am
Hi Mentor Alan, How are you? i have a question that my winning rate is very good about 70% or more but when i lose a trade, one losing trade loss lot of money more than 7 winning trades gain. so how to manage this, how to set stops?
  • #7,370
  • Nov 15, 2021 5:16am Nov 15, 2021 5:16am
Quoting yahya11
Hi Mentor Alan, How are you? i have a question that my winning rate is very good about 70% or more but when i lose a trade, one losing trade loss lot of money more than 7 winning trades gain. so how to manage this, how to set stops?
Same Question as yours, waiting for Alan's response!
  • #7,371
  • Nov 15, 2021 8:06am Nov 15, 2021 8:06am
Ok gents, I think you need to study the thread slightly more, no way should you have a 70% win rate and still loose money.

let me show you how i take a s/l

Please see the chart below

There was a hd on the 7am gmt candle. Your stop loss should be measured at the tail of that candle (as it can close and remove the HD)

So calculate what you are willing to loose (i.e % wise) to that s/l. Here I like to drop down to lower t/f and i have a generic sl of 10 pips.

Now below is the 5 min chart. As I see the HD forming i look for an entry point which in the 5 min is the cross over of the 5 min ema.

Now here using the 1 hr reference I measured for it stop, it has to cross 8 pips. So my stop loss from the 5min to the tail of the current 1 hr would be 8 pips.

I keep my s/l 10 but you can keep it. As I see price go my way i lower the s/l.

You dont need to do this, but its more calculated you can use a generic stop loss when you go in the lower tf. As price goes my way i lower the s/l until its break even. Remember we expect price to atleast reach the 1hr ema. We also have support lines we can use as reference.

If prices reaches great for me it was 16 pips to ema 1hr but i expect it to go down slightly more. There is also additional trade you could have added with tight s/l like the start of the 8am candle with a s/l to the 5min.

With the trades you put on with s/l you should reach your target.

Also make sure you have a target for the trade. It can be 20,30,40 pips whatever your goal is.

But your main key is turning the market in your favour, so as long as you hit b.e you hsould be laughing, as you can bank pips along the way as it goes your way.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ea188aca3795ff501d7fe69df09393fc.png Size: 91 KB
Click to Enlarge Name: fc359f8ae86d87eed273e01197feb6a1.png Size: 97 KB
  • #7,372
  • Nov 15, 2021 8:27am Nov 15, 2021 8:27am
Quoting yahya11
Hi Mentor Alan, How are you? i have a question that my winning rate is very good about 70% or more but when i lose a trade, one losing trade loss lot of money more than 7 winning trades gain. so how to manage this, how to set stops?
hi yahha11,

Could you upload a recent example of a loss, and how much you lost.
As well as a couple of examples of wins.
I am curious how one loss can wipe out several wins.

(I don't trade this method, but I thought it has a robustness about it that I like.)
  • #7,373
  • Nov 16, 2021 8:47am Nov 16, 2021 8:47am
Here is my 5min chart template.... Let me know if this helps Halalisani1
Attached File(s)
File Type: tpl 5 min full.tpl   1.8 MB | 704 downloads
  • #7,374
  • Nov 17, 2021 3:47am Nov 17, 2021 3:47am
No Sir it doesn't work
Attached Image (click to enlarge)
Click to Enlarge Name: a769ecfd76422679c7c8a218df4aaad2.png Size: 51 KB
Price Action Lives Here
  • #7,375
  • Nov 17, 2021 5:52am Nov 17, 2021 5:52am
Quoting Halalisani1
No Sir it doesn't work {image}

Try this,
Attached File(s)
File Type: tpl My Bright Template.tpl   2 KB | 305 downloads
File Type: tpl My Night Template.tpl   16 KB | 346 downloads
File Type: ex4 #MA_in_Color.ex4   12 KB | 329 downloads
File Type: ex4 Alans_Target Targets V2.1.ex4   80 KB | 376 downloads
  • #7,376
  • Nov 17, 2021 8:37am Nov 17, 2021 8:37am
Quoting Halalisani1
No Sir it doesn't work {image}
You probably don't have all the tools plugged in.

Try adding the two tools Ansab001 shows above.

It should only work on the 5 min chart because the ema numbers change for different time frames.

You will also need
Attached File(s)
File Type: ex4 26 EMA Humps_MA breaks Line.ex4   23 KB | 369 downloads
  • #7,377
  • Dec 1, 2021 3:41am Dec 1, 2021 3:41am
I am left the opinion the dollar has reached its monthly objective and we may well see a long journey back to the top.

Breaking the average swing low at 3284 will change my opinion/
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 57 KB
  • #7,378
  • Dec 1, 2021 4:25am Dec 1, 2021 4:25am
Quoting Nala66
I am left the opinion the dollar has reached its monthly objective and we may well see a long journey back to the top. Breaking the average swing low at 3284 will change my opinion/ {image}

I am with you there!
  • #7,379
  • Dec 1, 2021 4:59am Dec 1, 2021 4:59am
Quoting Ansab001
{quote} Try this, {file} {file} {file} {file}
Can you explain to me how to use the Alans_target indicator please? It draw like 50 lines on the chart and I have no idea what Triangle_MaxSize, Active_Triangles, etc. mean. Thanks a ton
Attached Image
  • #7,380
  • Dec 1, 2021 7:29am Dec 1, 2021 7:29am
Quoting Pettra
{quote} Can you explain to me how to use the Alans_target indicator please? It draw like 50 lines on the chart and I have no idea what Triangle_MaxSize, Active_Triangles, etc. mean. Thanks a ton {image}
Triangle_MaxSize is the maximum number of bars to be considered before drawing a triangle, 48 seems to work pretty well, if the indicator is drawing too Many lines try reducing Historical_Bars

Cheers...Des
4 traders viewing now