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Trading the Cable swings via averages

  • #8,201
  • Sep 14, 2022 8:19am Sep 14, 2022 8:19am
New ABCD on the H1 has appeared. New ZOO points to take notice of:-ABCD targets and 50% levels
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  • #8,202
  • Sep 14, 2022 9:57am Sep 14, 2022 9:57am
Quoting Nala66
{quote} Forse questo aiuterà a evidenziare i supporti {image} Guarda come ognuno elimina l'altro.
Where would you have gotten a hedge for the long? and when would you close it? Thanks for your help
  • #8,203
  • Sep 14, 2022 10:06am Sep 14, 2022 10:06am
Quoting Danielesse87
{quote} Where would you have gotten a hedge for the long? and when would you close it? Thanks for your help
See post 187.
  • #8,204
  • Sep 14, 2022 10:29am Sep 14, 2022 10:29am
Quoting 40PipsAlan
{quote} See post 187.
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?
  • #8,205
  • Sep 14, 2022 11:12am Sep 14, 2022 11:12am
Quoting Danielesse87
{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?
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 tho. Taking a hedge, then the first trade continuing is where I am at.
  • #8,206
  • Sep 14, 2022 11:56am Sep 14, 2022 11:56am
Quoting 40PipsAlan
{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...
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
  • #8,207
  • Sep 14, 2022 8:42pm Sep 14, 2022 8:42pm
Quoting Danielesse87
{quote} Where would you have gotten a hedge for the long? and when would you close it? Thanks for your help
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.
  • #8,208
  • Sep 14, 2022 8:44pm Sep 14, 2022 8:44pm
Quoting Danielesse87
{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?
You just have to rely on what the 1-hour chart is saying. Take me to the EMA.
  • #8,209
  • Sep 14, 2022 8:47pm Sep 14, 2022 8:47pm
Quoting 40PipsAlan
{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...
This is correct but I would add that the hedge is usually placed for the hook pull back so that if it has failed to break the EMA it would then make a HH/LL and the hedge would become the trade and the original one gets stopped out.
  • #8,210
  • Sep 14, 2022 8:57pm Sep 14, 2022 8:57pm
Quoting Danielesse87
{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
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.
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  • #8,211
  • Sep 15, 2022 2:01am Sep 15, 2022 2:01am
Quoting Nala66
{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}
Dear Master, please share us pictures for your entry, your StopLoss, Take Profit that you traded.

Although you teached us many times but I still can not imagine where is right entry, stoploss, take profit, manage entries. I am very confused about that.

It like this picture for my entry and take profit. Thank you very much if you share them. I believe we can learn very much from them.
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  • #8,212
  • Sep 15, 2022 2:04am Sep 15, 2022 2:04am
Quoting Nala66
{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.
this was my inference when I decided to go long. A div should push the price back to the EMA. But you also said it might not and then the price will make a new HH / LL. So my reasoning was "where could the price fail to hit the H1 EMA?" So I put a hedge where the bears found support, which was also close to the M5 EMA. Also, on 5M I had a bear div at that time (see image below).
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  • #8,213
  • Sep 15, 2022 3:09am Sep 15, 2022 3:09am
Market flat. H1 close to EMA so sitting on my hands waiting for some action. RSI close to the waterline.
  • #8,214
  • Sep 15, 2022 3:22am Sep 15, 2022 3:22am
It is so confused for me

I wish I can have smart of our master.
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  • #8,215
  • Sep 15, 2022 4:08am Sep 15, 2022 4:08am
Quoting 40PipsAlan
Market flat. H1 close to EMA so sitting on my hands waiting for some action. RSI close to the waterline.
I agree! although it now appears that the bears have found more support to make a new LL
  • #8,216
  • Sep 15, 2022 5:42am Sep 15, 2022 5:42am
Well, that took forever to hit the ABCD.
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  • #8,217
  • Edited 2:19am Sep 16, 2022 2:05am | Edited 2:19am
Hourly divergence not getting us back to the EMA. Whats happening here Watson?
ABCD on the H4 target maybe
  • #8,218
  • Sep 16, 2022 2:23am Sep 16, 2022 2:23am
Quoting 40PipsAlan
Hourly divergence not getting us back to the EMA. Whats happening here Watson? ABCD on the H4 target maybe
Nearly , we only have bear Div on H1, this is my entry.

My entry is good or not , master ?
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  • #8,219
  • Sep 16, 2022 2:35am Sep 16, 2022 2:35am
Quoting ThanksDana
{quote} Nearly , we only have bear Div on H1, this is my entry. My entry is good or not , master ? {image}
The force is strong with this one Luke!!
  • #8,220
  • Sep 16, 2022 2:41am Sep 16, 2022 2:41am
Quoting 40PipsAlan
{quote} The force is strong with this one Luke!!
I wonder where is master's entry today. and how many entries he have .

TP hit at ABCD H4 and go deeper. Thanks our master for this win
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