Trading the Cable swings via averages

Quoting DLTravel

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Same situation but now there is a weakness of the bulls on H1 Price at point C is trying to attack the pivot at point A. RSI made HH but price SEEMS cannot make a HH. And while the fast RSI heads up to overbought area, the slow is still staying below the waterline. There are Reg bear div on M1 and M5 as well. I decided to change my side and join the bears, expecting the price will make another LL in European session. {image}

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Quoting DLTravel

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{quote} My 2nd trade has been stopped out. 10 pips has gone from the 30 pips profit of the first trade My mistakes: Was too hurry on H1, it has not created pivot yet. On M5, the reg bear div was not clear. On M1, there was a bear div, but it has done its duty: sent the price back to EMA. It did. But that's it. No more. I saw something which was in my mind, not in the chart.

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Quoting Nala66

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{quote} Once again keep your eye on the 1 min if trading below the average look for the pull backs to short. {image}When the market is moving somewhat quickly the 1 min is the go-to chart.

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Quoting Nala66

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This is how to plan and execute a trade on the 1 min chart We are looking for price to hit the swing low average (golden line.) Note if the EMA is going to take out this level also then price will reach lower swing lows. {image} Each trade placed means we have to adjust the stop to maintain a 2% risk max. The profit increases by 2% for each placed. As each new trade is placed the lot size becomes greater because the target distance becomes shorter to maintain a 2% profit.

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Quoting DLTravel

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Dear Alan, I see an ABC Continuation Div on H1. Price at C tried to attack pivot A but failed. What I am hesitate is there is a touch in slow RSI between A and C (in the RED circle). Is it still valid? {image}

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Quoting DLTravel

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Dear Alan, I see an ABC Continuation Div on H1. Price at C tried to attack pivot A but failed. What I am hesitate is there is a touch in slow RSI between A and C (in the RED circle). Is it still valid? {image}

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Quoting LFrZero

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{quote} No bros. Continuation means no obstacle (clear line of sight between two RSI).

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Quoting huskyboy

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{quote} not a valid one; it isn't even an abcd because the a and the c have to be on the different side of the ema, not on the same side.

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Quoting 40PipsAlan

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Maybe we will see some movement in 45 minutes to get us out of this tight range.

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Quoting 40PipsAlan

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Not sure whats going on today. M5 is OB and still on the up. Couple of testers taken out on SL so now waiting for decision on direction.

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