Trading the Cable swings via averages

Quoting Nala66

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{quote} Forse questo aiuterà a evidenziare i supporti {image} Guarda come ognuno elimina l'altro.

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Quoting Danielesse87

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{quote} Where would you have gotten a hedge for the long? and when would you close it? Thanks for your help

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Quoting 40PipsAlan

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{quote} See post 187.

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Quoting Danielesse87

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{quote} So I should have looked at the bear divs on the M1 for the hedges? and how would I know if the hedge would become the main trade? maybe if the bears found support below the M1 EMA?

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Quoting 40PipsAlan

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{quote} I have yet to master hedging myself but my understanding is:- Take the first trade and get it to BE. If a M5 divergence appears before you have got your daily 40 then you can hedge back to the EMA. Should the hedge keep going then the first trade gets taken out at BE and the hedge then becomes the main trade which you need to get to BE and hopefully reach your daily 40 in that direction. Should the hedge reverse at the EMA then close the hedge and take another trade in the direction of the first trade. You need to be confident in your signals...

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Quoting Danielesse87

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{quote} Where would you have gotten a hedge for the long? and when would you close it? Thanks for your help

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Quoting Danielesse87

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{quote} So I should have looked at the bear divs on the M1 for the hedges? and how would I know if the hedge would become the main trade? maybe if the bears found support below the M1 EMA?

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Quoting 40PipsAlan

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{quote} I have yet to master hedging myself but my understanding is:- Take the first trade and get it to BE. If a M5 divergence appears before you have got your daily 40 then you can hedge back to the EMA. Should the hedge keep going then the first trade gets taken out at BE and the hedge then becomes the main trade which you need to get to BE and hopefully reach your daily 40 in that direction. Should the hedge reverse at the EMA then close the hedge and take another trade in the direction of the first trade. You need to be confident in your signals...

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Quoting Danielesse87

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{quote} I thank you for the answer. let's see if Alan has any other gems to share with me. I have read the first 150 thread's pages several times but I still have some insecurities that will only be resolved with experience. obviously the comments for specific cases are very helpful

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Quoting Nala66

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{quote} I try to show as many charts as I can, so folks get a clear understanding of the processes of price action. Here is my current 1-hour chart. See how the bulls failed to hold the support and price then ran to the ABCD 50% level. Remember these are only single bars on the 1 hour whereas on the 5 min it would be a trend below the EMA. {image}

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Quoting Nala66

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{quote} The price target for the 1-hour chart was the EMA which was about 60 pips away from the start of the bull div. This is more than I require so I have a good chance here. I closed at the end of the first hour bar. It then made the EMA on the following bar. There was no need to hedge at all.

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Quoting 40PipsAlan

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Market flat. H1 close to EMA so sitting on my hands waiting for some action. RSI close to the waterline.

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Quoting 40PipsAlan

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Hourly divergence not getting us back to the EMA. Whats happening here Watson? ABCD on the H4 target maybe

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Quoting ThanksDana

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{quote} Nearly , we only have bear Div on H1, this is my entry. My entry is good or not , master ? {image}

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Quoting 40PipsAlan

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{quote} The force is strong with this one Luke!!

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