Now done and a bit dusted as well 
Trading the Cable swings via averages
- #7,873
- May 5, 2022 8:46pm May 5, 2022 8:46pm
- Joined Mar 2016 | Status: Trader | 6,389 Posts
[quote = tommiho; 13991357] và chỉnh sửa xong: vẽ lại hình ABCD với hy vọng bây giờ mọi chuyện đã ổn. {image} [/ quote] Can you show me the tool to draw ABCD? Thank you
- #7,875
- Edited 9:27pm May 5, 2022 9:13pm | Edited 9:27pm
- Joined Mar 2016 | Status: Trader | 6,389 Posts
My normal trading times extend from the 0900 to the 1500 chart times and below on the 5 min chart you can see there was 4 good opportunities , the latter of which was massive.
The thing to note about the massive down move was it spiked up first and ran smack into a hidden div. Some people refer to this as a stop hunt, myself I see it as an opportunity and it made about 80 pips in a few short minutes. We see this on the second chart.
Note also how price was completely ignoring the bull divs not making it back to the EMA so this means LL are to be made.
I was done at the big bar and didn't need to trade any longer. Actually I had made more than enough much earlier than this but hard to resist the tenptation of a nice bonus.
- #7,876
- May 5, 2022 11:04pm May 5, 2022 11:04pm
{quote} This is not such a common event as you might like to expect, on this occasion the world was waiting for the UK interest rate which was announced about UK noon time.
But as the given moment I wanted to see what your baby can do while such an event unfolds.
Didn't trade it just observed. Opportunities that cropped up afterwards were more to my taste. (speedwise)
- #7,877
- May 6, 2022 12:35am May 6, 2022 12:35am
- Joined Mar 2016 | Status: Trader | 6,389 Posts
{quote} Yes, as you said at the beginning, 108 is where action starts so trying to stick to that. But as the given moment I wanted to see what your baby can do while such an event unfolds. Didn't trade it just observed. Opportunities that cropped up afterwards were more to my taste. (speedwise)
