Trading the Cable swings via averages

Quoting Danielesse87

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{image}{image}I closed the hedge on that bearish div with a few pips loss. I don't know if I should have put another hedge on the next bearish push as we are still diverging and right on a medium swing. I see no impediments to the next goal 2445 but I will stop first as soon as I have reached my personal target

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Quoting Danielesse87

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I realize that I have completely mistaken the reading of the graphs today

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Quoting Nala66

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{quote} Your 5 min ABCD is incorrectly drawn, B and C are on the same side as the EMA. This is simply a bull div returning price to the EMA. {image}

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Quoting Danielesse87

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{quote} Thanks Nala. I have to continue studying. Although I am convinced that I have seen some old graphs where B and C are on the same side of the average

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Quoting eliotjng

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Dear Alan, i want to thank you for your system. With this, at least I see some hope for make addition income to support my family in this inflation time. I have questions and I hope you can enlight me. {image} My question is: Is it correct that I don’t need to wait for bar close on H1 to confirm DIV, as long as H1 overbought/sold, price cross average EMA, and a possible of DIV on H1 and on small timeframe also have DIV same direction with H1 ( as trade 1,2,3,4 on chart)? If so, i would like some advise which help recognize trade 1-4 as trade should...

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Quoting Nala66

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{quote} Your question about a 1 hour div prior to the close of it refers to a hidden divergence and yes a div on the lower time frame would give the trade entry. What should happen is the 1 hours snaps back so the div cannot be seen and you have put yourself in the best possible position. Always remembering the divs taking you in the trending direction are the better options. In your chart above 1 is a good option because we can see price is at the 1 hour EMA, the 5 min is at the swing high EMA and is in div so a good option for a short. 2 and 4...

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Quoting eliotjng

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{quote} Dear Alan, thank you for your answer. I will stop jump on tail of the move, and focus on trade which have EMA confirm trend HH/LL or those trades have bull/bear support. They are much safer than those trade above. Maybe when i have more experience and more confident, i will grapple with this problem.

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Quoting Nala66

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{quote} All trends end at some point and one can often get a feeling for it as the opposition starts to fight back. Trying to get in at 1 hour ZOO points matched to 5 min entry signals means giving yourself the best chance and as long as the stop is placed, no more entries on losing trades, moving the stop for more added protection, adding to winning trades, having a particular target in mind based on analysis, considering if the trade is worth the risk, one is more likely to be a winner over time.

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Quoting Fantaburk

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Hi Alan. I just wanted to share with you my progress to let you know that the effort you put in this thread has helped me become a much better trader. I went for a more aggressive approach to your challenge trying to double the account in 10 days thanks to 400x margin. Having the opportunity to trade both LO and NY some days, I've managed to get the first doubling down in just 6 trading days / 8 sessions. Still not overly confident but slowly getting there. Thanks for all the time and effort you give for free, it is truly remarkable! {image}

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Quoting Fantaburk

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{image}

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Quoting Nala66

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{quote} Wish I still had a 400:1 this 30:1 takes me up to 50 trading days to make the double up now. Still that is not a bad thing, always look on the bright side. I can still knock out between 3 and 5% a day, better than any bank or institution can do.

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Quoting Nala66

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{quote} Wish I still had a 400:1 this 30:1 takes me up to 50 trading days to make the double up now. Still that is not a bad thing, always look on the bright side. I can still knock out between 3 and 5% a day, better than any bank or institution can do.

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Quoting beastwork

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{quote} wawa weewah...doubling your account every 50 days. you must be a gazillionaire.

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Quoting Nala66

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{quote} Not if we pay ourselves periodically for the work done.

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Quoting beastwork

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{quote} if you have the ability to double your account every 50 days, and you don't have money coming out of your ears you're doing something wrong. unless you blow the account every 200 days. but what do i know

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