Trading the Cable swings via averages

Quoting Nala66

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Once again stuck in a range for two days now... {image}

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Quoting Pettra

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{quote} Hello Alan, Can't find a trend now, Daily bearish but H1&H4 bullish now. {image}

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Quoting Nala66

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{quote} I wouldn't worry too much about these higher time frame trends and the 1 min is far too short, they are worth a look but hopefully we are not going to be in a tarde for that long. {image}

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Quoting Nala66

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Also the second target I pointed out to you Petra on your EMA swing chart

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Quoting Nala66

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Currently we are at a ZOO so a chance for a short signal here but I am done for the day.

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Quoting Nala66

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Ten pips might sound like a tight stop and it certainly would be on the higher time frames but at the 5 minute level it is quite a substantial move to go against us when we trade the appropriate signals. The key here is these "appropriate signals" We have to wait patiently for them and then react to them without hardly thinking of the possibility of loss knowing that loss is only a minor event in the scheme of things. Here below is an example of what happens when things go wrong... We may have mistakenly gone long against the trend and as a consequence...

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Quoting Pettra

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{quote} You're totally correct, question please: since the moment I missed my entry (9:30), cannot find any div to enter again, what should I do in this case? {image}

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Quoting Nala66

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{quote} Trade the pull backs in the correct direction. You can accumulate them at each pull back on the lower time frames including the 1 minute The daily chart is at the EMA so this could no get very iffy... {image}

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Quoting prohaha

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{quote} Hi Mr. Alan, In case of stop out with the first long, did you add more lots to go with the second Long or take another initial trade? Beside, I understood that at first, you take a Short with bear div under EMA26 on tf 5 minute, but it is just quick scalp because in the bigger picture, price is above the 1 hour EMA so you expect the bouncing on the 1 hour EMA and take a Long trade, is it right? Please correct me if I'm wrong.

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Quoting Nala66

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{quote} Not sure what this question is. The 26EMA is the same as the 50% level of the RSI the difference is that with the EMA it is a sloping line whereas with the RSI it is a horizontal line. BUT it is still the same thing. So there are some forms of divergence we can see even without using the RSI. I have no idea what comparing the EMA with the RSI is all about let alone trying to find a divergence there.

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