4 hours trying to break EMA
Trading the Cable swings via averages
- #8,703
- Dec 16, 2022 4:14am Dec 16, 2022 4:14am
I don't think I will trade today. Cannot tell if the daily is going to try to stop the rise of the EMA or are the bulls going to fight back with this daily bull div. Got cricket on the telly so all is good.
- #8,704
- Dec 16, 2022 4:30am Dec 16, 2022 4:30am
- Joined Apr 2019 | Status: Trader | 1,997 Posts
{quote} I had a few good trades starting with Div h1 and m15, then bearsp at h4 formed. I got more than 60pip. {image}
- #8,708
- Dec 19, 2022 2:55am Dec 19, 2022 2:55am
- Joined Apr 2019 | Status: Trader | 1,997 Posts
I am guessing this week is going to be a bit slow. All the big players like Alan have gone to their ski lodges in the Alps for a well earned rest.
- #8,712
- Dec 22, 2022 7:05am Dec 22, 2022 7:05am
{quote} Hi. This is interesting in that it doesn't tell us very much more than the market movement which has little to do with the traders account movement. For my part I am finding it difficult to make my target in less than 25 days where when I had a 400:1 leverage I could do it in 1 day. This means I have to get a little less than 4% per day and this is a big ask in a slow market requiring much more trading time. The upshot of this is that efficiency flies out the window and new efficiency has to be developed. It also means that a basic account...
I've found that Goodman wave is very effective especially in higher TF such as H1, H4, D.
Goodman Swing Count System help me significantly to "predict" pullback to entry and target to exit.
The cons of wave counting is it doesn't show precise entry point, which can be compensated by price action and mostly with your multi-entries concept.
Multi-entries system can help me to reduce risk, stress, and allow me to catch a Goodman wave pullback effectively, as well as can hold it patiently till its target.
By this way, my account can increase gradually and it'll easier to apply compound result because with multi-entries concept it'll be comfortable for someone to double his entry volume, for example, from 0.01 to 0.02 each shot, compared to 5 lots to 10 lots with only 1 shot.
I've just been in my first steps to apply it and need more time and effort to make it closer to perfection.
I believe you are very familiar with GSCS already.
Please give it a try.
Cheers,
DL
- #8,719
- Dec 31, 2022 5:16am Dec 31, 2022 5:16am
- Joined Dec 2022 | Status: Trader | 2,427 Posts
You have an IQ lower than 90 if you interact with this user.