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Trading the Cable swings via averages

  • #7,881
  • May 9, 2022 10:10am May 9, 2022 10:10am
Quoting Nala66
{quote} I simply went long at the open with the 1 hour div and was done fairy quickly.
Could you show me your analysis on H1&M5 chart?
  • #7,882
  • May 10, 2022 1:38am May 10, 2022 1:38am
Quoting prohaha
{quote} Could you show me your analysis on H1&M5 chart?
Easy ...
Attached Image (click to enlarge)
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  • #7,883
  • May 10, 2022 1:43am May 10, 2022 1:43am
Looks like it is going to be an RSI div on the hour... We'll see
  • #7,884
  • May 10, 2022 2:05am May 10, 2022 2:05am
Quoting nala66
looks like it is going to be an rsi div on the hour... We'll see
please screen shot.. Thank very
  • #7,885
  • Edited 2:40am May 10, 2022 2:27am | Edited 2:40am
Quoting Nala66
Looks like it is going to be an RSI div on the hour... We'll see
I can't find out the ZOO point on H1 chart, only on m15&M30 have bear reg div before bar 108 so I take a punt on M5 such as chart below (entry points is ideally, the fact that I 've been late for a few bars). I've closed my trade when price reached swing low EMA M5. Please give me some advice.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m15.png Size: 21 KB
Click to Enlarge Name: m5.png Size: 23 KB
  • #7,886
  • May 10, 2022 3:18am May 10, 2022 3:18am
Quoting prohaha
{quote} I can't find out the ZOO point on H1 chart, only on m15&M30 have bear reg div before bar 108 so I take a punt on M5 such as chart below (entry points is ideally, the fact that I 've been late for a few bars). I've closed my trade when price reached swing low EMA M5. Please give me some advice. {image} {image}
We just had a bull div on the hour, I got a few pips then stopped out.Now awaiting a new signal I need five more pips minimum.
  • #7,887
  • May 10, 2022 3:37am May 10, 2022 3:37am
Well look at that it finally made it to the EMA on the hour I could have been done. Now I have to wait because I don't like to trade at this EMA level it is very iffy.

The bears could be seeking support and the bulls could be trying to cross.. Toss a coin stuff.
  • #7,888
  • May 10, 2022 3:50am May 10, 2022 3:50am
I took a punt and got the 5 pips, actually seven so I am done.
  • #7,889
  • May 10, 2022 3:54am May 10, 2022 3:54am
Quoting Nala66
I took a punt and got the 5 pips, actually seven so I am done.
Did you Short at first then hedge Long? I'm waiting for your today chart to compare and study. Tks.
  • #7,890
  • May 10, 2022 5:31am May 10, 2022 5:31am
Quoting prohaha
{quote} Did you Short at first then hedge Long? I'm waiting for your today chart to compare and study. Tks.
I actually missed the open because I had visitors.

I don't see any signal to short the open so I wouldn't have traded anyway.

Below you see where I took the long with a single entry (I missed the HOOK for a second entry)
Attached Image (click to enlarge)
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  • #7,891
  • Edited 6:34am May 10, 2022 5:46am | Edited 6:34am
Quoting Nala66
{quote} I actually missed the open because I had visitors. I don't see any signal to short the open so I wouldn't have traded anyway. Below you see where I took the long with a single entry (I missed the HOOK for a second entry) {image}
So I understand that your target profit today is just approx 20 pips with single entry but I think you always aim to 40 píp but not this time, is it right?
  • #7,892
  • May 10, 2022 6:45am May 10, 2022 6:45am
Quoting prohaha
{quote} So I understand that your target profit today is just approx 20 pips with single entry but I think you always aim to 40 pips, is it right?
I aim to make a minimum of 1%, I will take more if offered of course.

Look at my spreadsheet below.
Start with the 1K I doubled to 2K, I am working on the 4k now and at day 22. You can see I am $670.13 ahead of the game.

The sheet tells me to trade at 80cents X 2 to make my $20 in 10 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
The 80 cents comes about because of the conversion to AUD so in reality for me it is .80 x 1.3 X 10 pips = $10.40 per entry.
  • #7,893
  • May 10, 2022 6:59am May 10, 2022 6:59am
Anyone pick this ABCD, I missed it completely.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
  • #7,894
  • May 10, 2022 7:02am May 10, 2022 7:02am
Had you spotted the original one, it was also a winner to the pip.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
  • #7,895
  • May 10, 2022 8:37am May 10, 2022 8:37am
Quoting Nala66
Anyone pick this ABCD, I missed it completely. {image}
Got an ABCD but different as I drew it from lowest point, as such it did not make the target, not sure what I did wrong here, Happy to be corrected Alan if it's obvious

Cheers...Des
Attached Image (click to enlarge)
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  • #7,896
  • May 10, 2022 10:14am May 10, 2022 10:14am
Got there eventually
Attached Image (click to enlarge)
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  • #7,897
  • May 10, 2022 10:22am May 10, 2022 10:22am
Quoting des_b
{quote} Got an ABCD but different as I drew it from lowest point, as such it did not make the target, not sure what I did wrong here, Happy to be corrected Alan if it's obvious Cheers...Des {image}
Could you please share your indi ABCD?
  • #7,898
  • May 11, 2022 2:10am May 11, 2022 2:10am
Quoting prohaha
{quote} Could you please share your indi ABCD?
Alan, posted a copy earlier
Cheers...Des

https://www.forexfactory.com/thread/...6#post13992456
  • #7,899
  • May 11, 2022 2:15am May 11, 2022 2:15am
Hi Mr. Alan,

How can we deal with the "J" as picture below? In case of we load full 3 entries after the bear div within 10pips before price makes EMA then div fails, the "J" play its role, so we will stop out for full loss because we also can not hedge, it's too quick, am I right? Will you quit for the day or fund new balance to get another chances?
Attached Image (click to enlarge)
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  • #7,900
  • May 11, 2022 2:16am May 11, 2022 2:16am
Quoting prohaha
{quote} Could you please share your indi ABCD?
I just did in post 7863
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