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Trading the Cable swings via averages

  • #8,321
  • Sep 26, 2022 2:59am Sep 26, 2022 2:59am
closed Trade on Target Zone + 51 pips
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  • #8,322
  • Edited 3:34am Sep 26, 2022 3:03am | Edited 3:34am
Quoting Nala66
{quote} Still don't know what that has to do with this thread.
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  • #8,323
  • Sep 26, 2022 3:11am Sep 26, 2022 3:11am
Quoting parisboy
{quote} {image}
I am happy for you but a song without words is meaningless.
  • #8,324
  • Sep 26, 2022 3:50am Sep 26, 2022 3:50am
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  • #8,325
  • Sep 26, 2022 4:06am Sep 26, 2022 4:06am
opened Short position
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  • #8,326
  • Sep 26, 2022 4:13am Sep 26, 2022 4:13am
Short Follow Up
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  • #8,327
  • Sep 26, 2022 4:21am Sep 26, 2022 4:21am
Quoting parisboy
Short Follow Up {image}
Why when this is a long?
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  • #8,328
  • Sep 26, 2022 4:31am Sep 26, 2022 4:31am
I am done, going to watch telly for a bit.
  • #8,329
  • Sep 26, 2022 4:36am Sep 26, 2022 4:36am
Leave you with this lot to sort out...
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  • #8,330
  • Sep 26, 2022 5:21am Sep 26, 2022 5:21am
opened Short position
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  • #8,331
  • Sep 26, 2022 5:55am Sep 26, 2022 5:55am
Almost +1% today. I will admit to having my SL a bit lower than 10 pips due to impending USopen.
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  • #8,332
  • Sep 26, 2022 7:35am Sep 26, 2022 7:35am
today my account got burned because i was in a hurry (
  • #8,333
  • Edited 5:47pm Sep 26, 2022 5:32pm | Edited 5:47pm
Quoting Nala66
I am done, going to watch telly for a bit.
Dear Master, could you share your yesterday orders, stoploss and take profit. Reasons for every order to get in, get out . Thank you Master!

This is my today trade for Tokyo session. Do you think this trade is good or bad?
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  • #8,334
  • Sep 26, 2022 5:45pm Sep 26, 2022 5:45pm
Quoting ThanksDana
{quote} Dear Master, could you share your yesterday orders, stoploss and take profit. Reasons for every order to get in, get out . Thank you Master! This is my today trade for Tokyo session. Do you think this trade is good or bad? {image}
I told you yesterday I wasn't going to trade.

Far too easy to lose a bundle on this volatility and high spreads.
  • #8,335
  • Sep 26, 2022 6:15pm Sep 26, 2022 6:15pm
Look at this 1-minute chart travelling over 100 pips in two hours.

At any time, it could have turned to drop 100 pips in two minutes possible crashing the stops

These are not normal times, so you have to be abnormal to take the risk.

Most traders are compulsive in that they feel they have to be in a trade no matter what, they simply cannot just sit on their hands and watch the fun without partaking of a dabble. Don't let your trading become addictive. For my part I go fishing for a few days and forget the market.

There was, is and always will be more trades in the future.

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However, each to their own for experience comes with time and lots of it.
  • #8,336
  • Sep 26, 2022 6:17pm Sep 26, 2022 6:17pm
Quoting Generaltran
today my account got burned because i was in a hurry (
Please tell us what happened so others can avoid these consequences.
  • #8,337
  • Sep 26, 2022 7:01pm Sep 26, 2022 7:01pm
Quoting ThanksDana
{quote} Dear Master, could you share your yesterday orders, stoploss and take profit. Reasons for every order to get in, get out . Thank you Master! This is my today trade for Tokyo session. Do you think this trade is good or bad? {image}
I see you took the RSI bear div but then ignored the RSI bull div below it.

We don't pick one we fancy; they are all messages of intent.

Remember the rules...

If the div does not make the EMA it will make a HH.

If the div does not make price cross the EMA and find bear support, it will not make that target swing low.

Your first target is only to the EMA. Then get your stop to BE. Then if you get stopped out = no loss. If it gets across and finds support = huge win.

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Later this chart did make a bear div and reached the EMA, about 30 pips.

I should also add you are trading right on the 1-hour EMA, this can be a very choppy affair because there is a battle on.
  • #8,338
  • Edited 7:54pm Sep 26, 2022 7:44pm | Edited 7:54pm
Quoting Nala66
{quote} I see you took the RSI bear div but then ignored the RSI bull div below it. We don't pick one we fancy; they are all messages of intent. Remember the rules... If the div does not make the EMA it will make a HH. If the div does not make price cross the EMA and find bear support, it will not make that target swing low. Your first target is only to the EMA. Then get your stop to BE. Then if you get stopped out = no loss. If it gets across and finds support = huge win. {image} Later this chart did make a bear div and reached the EMA, about 30...
Dear Master, thank you very much for your advice, following your advice, I see a bull Div at A. I have some question at A: I can long at A or not and if I long, I should long when green bar running or green bar closed?

At B, market seem create a bull support, could I long at B and target is EMA M5 swing high or H1 EMA or else others?

At C, market hit EMA H1, should we see this is Zoo point for reversal? I see a bear Div at M5 at that time and H1 EMA zoo point, so I short here. Next time should I ignore this trade because bull Div at A and market hit H1 EMA ?

At D, I see regular Div, so I short again.

At E, market seem making a bear support. So could I short here because bear div at D and bear support at E and target is ABCD or EMA M5 swing low? How could I find out market make bear support successfully at E and I can short from E ? At this time , I see a war at E, I can not see when E make bear support successfully and where E should I short from?
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  • #8,339
  • Sep 26, 2022 10:32pm Sep 26, 2022 10:32pm
Quoting ThanksDana
{quote} Dear Master, thank you very much for your advice, following your advice, I see a bull Div at A. I have some question at A: I can long at A or not and if I long, I should long when green bar running or green bar closed? At B, market seem create a bull support, could I long at B and target is EMA M5 swing high or H1 EMA or else others? At C, market hit EMA H1, should we see this is Zoo point for reversal? I see a bear Div at M5 at that time and H1 EMA zoo point, so I short here. Next time should I ignore this trade because bull Div at A and...
OK This is a very volatile market so drop to your 1-minute chart to still make good money.

Clean up your chart a tad to make stuff much more visible.

All the trades you show are good but watch those stope and the risk.

Look here at this 1-minute chart very clear, very clean. Easy to spot the action even without any indicators.

The reason to use this chart is so your stop at ten pips is not hit.

From the top you advance the stop down to each of those green bear supports until the last one shown gets stoppedout.
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  • #8,340
  • Sep 26, 2022 10:41pm Sep 26, 2022 10:41pm
Now we can add in the EMA swings relative to the price.

See how the chart is starting to get a bit messy.
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