Trading the Cable swings via averages

Quoting sinhpham1219

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An ABC on H1 created? My plan next week. Until now H4 still above 26 EMA but lets monitoring. {image}

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Quoting sinhpham1219

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An ABC on H1 created? My plan next week. Until now H4 still above 26 EMA but lets monitoring. {image}

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Quoting sinhpham1219

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An ABC on H1 created? My plan next week. Until now H4 still above 26 EMA but lets monitoring. {image}

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Quoting Nala66

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{quote} Your ABCD is drawn incorrectly. You have managed to B and C on the same side of the EMA they should be on opposite sides. If you put a 1 period SMA on your chart and use bars instead of candles you will see these pivots more clearly. {image} Like this.. {image} You should be able to see the target was hit and then a bear div formed to return price to the EMA. It has crossed and the bears are looking for support. You should also see the div was at the daily R1

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Quoting Nala66

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Another way to manage your trades is to use 1% boxes. Here I use 20 pips to represent 1% The first one begins at about the 108 where price comes off the high by 20 pips we place a short with a 20 pip stop. We get a second trade at the next 20 pips and advance our stop. We get a third trade at the next 20 pips and again advance our stop. Now all we can do is keep advancing the stops every 20 pips until we close. This trade made.. 4 x 1% 3 x 1% 2 x 1% Total 9% The max risk was only 1% {image} Note we could begin again at the bottom beginning our longs...

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Quoting Dongpo741

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{quote} What is your entry point here? is it when the price crosses the ema26 of the timeframes

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Quoting Nala66

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Example of a loser. Had we gone long on this last trade we would have been stopped out for a loss of 1% {image}

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Quoting 40PipsAlan

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Managed to get lucky today. Missed all the divergences at euro open due to travelling. But got in at the H1 ZOO point and RSI divergence with my initial safe target being the M5 EMA. This was crossed forming an ABCD giving me a new target at 1.21695. Lots of spiky candles around the H4 EMA and another divergence near the bottom and struggling to reach target so closed it out. +34 pips. M5 EMA has reached the previous Low. {image}

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Quoting Nala66

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Ví dụ về kẻ thất bại. Nếu chúng tôi mua vào giao dịch cuối cùng này, chúng tôi sẽ bị dừng giao dịch vì thua lỗ 1% {image}

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Quoting 40PipsAlan

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Caught a break after that news event. +86. This thing is not going down anytime soon. {image}

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