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Trading the Cable swings via averages

  • #8,341
  • Sep 27, 2022 12:44am Sep 27, 2022 12:44am
On top of all this you need to put in your ABCD's and your AB =CD"s.

I'll let you do those.
  • #8,342
  • Sep 27, 2022 12:45am Sep 27, 2022 12:45am
The bulls have support on the hour
  • #8,343
  • Sep 27, 2022 12:50am Sep 27, 2022 12:50am
We have to zoom right out to see those levels on the 1-minute chart
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  • #8,344
  • Sep 27, 2022 1:36am Sep 27, 2022 1:36am
Hope you guys are watching this stuff and practicing making profits.
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  • #8,345
  • Sep 27, 2022 1:47am Sep 27, 2022 1:47am
Looking for this...
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  • #8,346
  • Edited 3:50am Sep 27, 2022 3:24am | Edited 3:50am
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  • #8,347
  • Sep 27, 2022 4:26am Sep 27, 2022 4:26am
Quoting Nala66
Hope you guys are watching this stuff and practicing making profits. {image}
Dear Master, do you trade by only this M1 chart? How do you reference M5, H1 for these trades

Where your order, entry and take profit that you traded by this M1 chart?

Could you use this indicator so that I can understand your orders ?
Attached File(s)
File Type: ex4 Trades-History-Plotter-Indicator.ex4   11 KB | 150 downloads
  • #8,348
  • Sep 27, 2022 6:23am Sep 27, 2022 6:23am
Quoting ThanksDana
{quote} Dear Master, do you trade by only this M1 chart? How do you reference M5, H1 for these trades Where your order, entry and take profit that you traded by this M1 chart? Could you use this indicator so that I can understand your orders ? {file}
As I have said. This is a very volatile market and as such very risky, so the 1-minute chart is the safer option to trade with plenty of signals giving plenty of pips.

Just look at this little lot, well over 100 pips on a 1-minute chart.
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Look how they are all the same, divergence, support and EMA target.
  • #8,349
  • Sep 27, 2022 6:59am Sep 27, 2022 6:59am
Quoting Nala66
{quote} As I have said. This is a very volatile market and as such very risky, so the 1-minute chart is the safer option to trade with plenty of signals giving plenty of pips. Just look at this little lot, well over 100 pips on a 1-minute chart. {image} Look how they are all the same, divergence, support and EMA target.
I think half the problem is deciding if the divergence is valid or not. That last run up on the M1 showed divergence on every up peak. Maybe the one at the top lined up with SR of some kind.
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  • #8,350
  • Sep 27, 2022 7:01am Sep 27, 2022 7:01am
Quoting parisboy
{image}
Parisboy

Can you please start your own thread with your posts and photos.
I am sure your method works , so please start your own thread and post your photos there. I am sure you will have many subscribers.

I have been a follower of the Cable swing thread for the past 3 years and most people who come here respect this thread and learn a lot from Alan's teachings.

This will help traders who like the Cable swing method focus on what Alan is teaching us on this thread.
  • #8,351
  • Sep 27, 2022 7:03am Sep 27, 2022 7:03am
Quoting 40PipsAlan
{quote} I think half the problem is deciding if the divergence is valid or not. That last run up on the M1 showed divergence on every up peak. Maybe the one at the top lined up with SR of some kind. {image}
Look for where it breaks the swing high or low of the EMA
  • #8,352
  • Sep 27, 2022 7:14am Sep 27, 2022 7:14am
Here is a tip worth knowing about divergence.

When one occurs, it should try for the EMA. If it doesn't and continues price nearly always returns to at least the first divergence.

The only time it seems to break this rule is when it actually climbs out of div altogether.

In other words, if you sell a div and it climbs then you can sell it again back to the first div. You can even risk holding onto the first one.

You have to make a study of divs for a year or two like I did
  • #8,353
  • Sep 27, 2022 7:29am Sep 27, 2022 7:29am
Here is an example of that....

3 divs in a row. Number 3 was above the EMA swing high.

In this case none were stopped out with their 10 pip boxes.

But we play safe and close the two bad ones with a small profit and let the 3rd run to target.
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  • #8,354
  • Sep 27, 2022 12:31pm Sep 27, 2022 12:31pm
Hell of a day getting chopped up in the ranging of the asset. Finally managed to grab a +40 to bring the demo account Back to BE for the week. Keep at it guys.
  • #8,355
  • Sep 28, 2022 4:12am Sep 28, 2022 4:12am
Pay attention to the red dot Hooks. These are second chances to get in and price generally gets a wiggle on from there.
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  • #8,356
  • Sep 28, 2022 4:21am Sep 28, 2022 4:21am
Still nothing on thee 1 hour chart. Continues to hug the EMA.
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  • #8,357
  • Sep 28, 2022 4:37am Sep 28, 2022 4:37am
Quoting Nala66
Still nothing on thee 1 hour chart. Continues to hug the EMA. {image}
Canyou make some analysis on the EUR/USD M15chart plz!..
  • #8,358
  • Sep 28, 2022 5:00am Sep 28, 2022 5:00am
Quoting Pilott
{quote} Canyou make some analysis on the EUR/USD M15chart plz!..
GU only here my friend. Just as profitable as EU
  • #8,359
  • Sep 28, 2022 5:12am Sep 28, 2022 5:12am
Quoting Nala66
Pay attention to the red dot Hooks. These are second chances to get in and price generally gets a wiggle on from there. {image}
Dear Master,

At red point B: you short because of bear RSI div on M1, bear RSI div on M5, hook figure and market at EMA 30 as resistence. Are there any other reasons to short at B ?

I have some questions:
1. why you don't short at A with bear regular div
2. And on M5 it seem we don't have bear RSI div
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  • #8,360
  • Sep 28, 2022 5:40am Sep 28, 2022 5:40am
Well that big spike took me by surprise. Too quick to get my SL moved and then went and took my SL out. Dam UK government stepping in to buy Bonds to stabilize the markets.
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