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Trading the Cable swings via averages

  • #7,961
  • Jun 9, 2022 5:38am Jun 9, 2022 5:38am
I realize that I have completely mistaken the reading of the graphs today
  • #7,962
  • Jun 9, 2022 10:38am Jun 9, 2022 10:38am
Quoting Danielesse87
{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
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.
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  • #7,963
  • Jun 9, 2022 10:59pm Jun 9, 2022 10:59pm
Quoting Danielesse87
I realize that I have completely mistaken the reading of the graphs today
A very easy thing to do. That is why we need complete and undivided attention for our trading period.
  • #7,964
  • Jun 10, 2022 10:07am Jun 10, 2022 10:07am
Quoting Nala66
{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}
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
  • #7,965
  • Jun 10, 2022 10:32am Jun 10, 2022 10:32am
Today I did this for 46 pips with a tight stop of 6 pips. I had seen bearish support on H1 and I entered on bearish support M5. But I have to say I'm sorry I'm not in with the short one yet
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  • #7,966
  • Edited 11:07am Jun 12, 2022 5:52am | Edited 11:07am
Quoting Danielesse87
{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
You may have seen this but it would be in reference to a div or I may have been saying some people refer to this as a hidden div (but it isn't hidden) that is why my HD is different.

That was a big down move on Friday, I saw that the average swing lows were wide apart on the hour so it was to be expected a bid move may ensue.

I suspect there is more downwards still to come.

The price is just in a holding pattern at this time with the EMA closing down on a swing low average and another price target about 60 pips below the current price level
  • #7,967
  • Jun 12, 2022 11:11am Jun 12, 2022 11:11am
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.
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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 be avoid?
I see that most of my win trade ( trade 2-3) is during EU session, but please understand as i'm working during that time so US session is my only choice.
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This is my trade on M5 on Friday, if during EU session, i will sell at 1. However, in US session, i try to catch bottom (buy before DIV form on H1) but all fail ( i give up when EMA just break through all EMA resist (green line)).
Thank you and good health to you, Sir.
  • #7,968
  • Jun 13, 2022 1:21am Jun 13, 2022 1:21am
Quoting eliotjng
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...
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 would be risky due to the strong down move, I would also call 3 as being risky because it could well bounce at that level. Jumping in on the tail of a move is always risky.
  • #7,969
  • Jun 13, 2022 1:33pm Jun 13, 2022 1:33pm
Quoting Nala66
{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...
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.
  • #7,970
  • Jun 13, 2022 9:29pm Jun 13, 2022 9:29pm
Quoting eliotjng
{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.
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.
  • #7,971
  • Jun 13, 2022 10:31pm Jun 13, 2022 10:31pm
Quoting Nala66
{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.
I love Mr.Alan hihi.
"hihi" - That's the word to describe a smile in Vietnamese.
  • #7,972
  • Jun 14, 2022 5:18am Jun 14, 2022 5:18am
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!
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  • #7,973
  • Jun 14, 2022 9:21am Jun 14, 2022 9:21am
Would you look at that, it has hit the monthly ABCD in quick time, we are only half way through the month.
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  • #7,974
  • Jun 14, 2022 9:33am Jun 14, 2022 9:33am
Quoting Fantaburk
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}
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.
  • #7,975
  • Jun 14, 2022 10:44am Jun 14, 2022 10:44am
Quoting Fantaburk
{image}
Don't forget to consider your options.

If your confidence is yet not so great, consider your next double to take 12 days using the same commitment as your previous one. Still good value is it not?
  • #7,976
  • Jun 14, 2022 7:01pm Jun 14, 2022 7:01pm
Quoting Nala66
{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.
Why don't you choose the broker allow 400:1 leverage?
  • #7,977
  • Edited 8:50pm Jun 14, 2022 8:38pm | Edited 8:50pm
Quoting Nala66
{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.
wawa weewah...doubling your account every 50 days. you must be a gazillionaire.
  • #7,978
  • Jun 15, 2022 12:26am Jun 15, 2022 12:26am
Quoting beastwork
{quote} wawa weewah...doubling your account every 50 days. you must be a gazillionaire.
Not if we pay ourselves periodically for the work done.
  • #7,979
  • Jun 15, 2022 12:52am Jun 15, 2022 12:52am
Quoting Nala66
{quote} Not if we pay ourselves periodically for the work done.
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
  • #7,980
  • Jun 15, 2022 1:25am Jun 15, 2022 1:25am
Quoting beastwork
{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
It is not possible to blow my account unless I had hundreds of losses in a row.

You tell me, what do you know?
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