I am just reading to post 3000 and It seem that you changed your money management and stop loss, ... in later posts. Now, you are using risk win:lose = 2:1. I need read more fast
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Trading the Cable swings via averages
- #8,063
- Jul 8, 2022 5:46am Jul 8, 2022 5:46am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
{quote} yes, I think this is long trade you said I am just reading to post 3000 and It seem that you changed your money management and stop loss, ... in later posts. Now, you are using risk win:lose = 2:1. I need read more fast {image}
My drawing was a little different taking the smaller of the two options.
Note the new bear div at the top...
- #8,067
- Jul 13, 2022 9:01pm Jul 13, 2022 9:01pm
- Joined Mar 2016 | Status: Trader | 6,378 Posts
What a pity today, i miss entry at bull found support point. How great the system, if we focus and analysis in care, we can achieved daily target. H1 price above ema, the same M30, M1 is exactly to take the entry. note: just before the news and we don't care at all by this system {image}
Notice how the hour itself hit its target in div to send it south again.
- #8,068
- Edited 10:13am Jul 14, 2022 9:48am | Edited 10:13am
- | Joined Jun 2021 | Status: Trader | 21 Posts
Hallo Mr Alan and all,
What's a busy today, happen in a lot of time frame.
- Inference H1: Price below EMA
- Look at lower time frame, special at swing points, if div --> short.
ps. already finished read all this thread
now i am in practice phase, Please take a review my homework when you pass here Mr. Alan!
What's a busy today, happen in a lot of time frame.
- Inference H1: Price below EMA
- Look at lower time frame, special at swing points, if div --> short.
ps. already finished read all this thread
now i am in practice phase, Please take a review my homework when you pass here Mr. Alan!
Try to See not to Think
- #8,070
- Jul 15, 2022 8:05pm Jul 15, 2022 8:05pm
- Joined Mar 2016 | Status: Trader | 6,378 Posts
Just fund 1H ABC today, start approximate 108 bar! ps. I just pass Junior member
With ABCD's it is important to also recognize the C level with a line as this is where the battles are and a cross from one side to the other is a tradable event at least to the 50% levels. Also follow up by getting the stop to the C level to protect the trade from a turn in events.
Smaller time frames like the 1 min are too erratic and may only move short distances anyway causing heaps of stop outs. The 1 hour give a much smoother action indicating direction to be traded at the 5 min.
I like to start each trading session by taking a look at what the higher time frames are doing i.e. 4H, Day, Week and month.
Good job well done.
- #8,075
- Jul 21, 2022 12:35am Jul 21, 2022 12:35am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
This is my long today, I long when bar closed and divergence confirmed, it seem that my long entry is very high Do you think my long entry is right, master ? Please give me an advice where is the right entry. {image}
Divergence plays a big part in these trades, that is regular divs and RSI divs. If we opt for the lesser target then we won't be disappointed if it runs to the greater one for a bonus.
Just remember to always be on the correct side of the level C.
