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Trading the Cable swings via averages

  • #8,781
  • Feb 2, 2023 6:57am Feb 2, 2023 6:57am
I took the first 40pip of the day on m1 after strong news, waiting for the price pullback at ema m5, two bar test, and target at D.
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  • #8,782
  • Feb 2, 2023 8:54pm Feb 2, 2023 8:54pm
If EMA is to make a LL (which it has)

Then price should test the next level. (Which it has)
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These little rules are of major importance.

All the signals are there.

1) Starts at the top with a Hidden Bear Div.
2) Bears find support below the EMA
3) The story unfolds in its usual manner.
  • #8,783
  • Feb 2, 2023 9:55pm Feb 2, 2023 9:55pm
Hello and good day to you master Alan.

I failed despite having seen the sign yesterday; it appears I still have a lot to learn.

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  • #8,784
  • Feb 2, 2023 11:52pm Feb 2, 2023 11:52pm
Quoting mminhptit
Hello and good day to you master Alan. I failed despite having seen the sign yesterday; it appears I still have a lot to learn. {image}
That stopped me out too, but I got back in again.

$112.05 profit for that trade, so I only need about $3 today to keep up the daily average.
  • #8,785
  • Feb 3, 2023 12:13am Feb 3, 2023 12:13am
Quoting Nala66
{quote} That stopped me out too, but I got back in again. $112.05 profit for that trade, so I only need about $3 today to keep up the daily average.
That SL hunt went up about 70 pips in ~20s. I thought my MQL4 had an error when I saw that in real time lol . I'm rereading your thread to learn more. Thank you very much for sharing your knowledge
  • #8,786
  • Feb 3, 2023 1:36am Feb 3, 2023 1:36am
Target D1 at H1 was hit. I took over 20pip very quickly at 108 bar

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  • #8,787
  • Feb 3, 2023 3:19am Feb 3, 2023 3:19am
I'd like to ask Nala: Has trading become any more difficult for you since the shift from 2022 to 2023?
Do you notice any differences from before?
You have an IQ lower than 90 if you interact with this user.
  • #8,788
  • Feb 3, 2023 4:59am Feb 3, 2023 4:59am
Quoting Ferna
I'd like to ask Nala: Has trading become any more difficult for you since the shift from 2022 to 2023? Do you notice any differences from before?
Not sure what you are referring to here other than seasonal volatility which tends to have some effects on the markets.

As far as price structure and the way it moves, I haven't seen anything change for many years. I would expect it to continue till the bomb goes off.
  • #8,789
  • Feb 3, 2023 5:11am Feb 3, 2023 5:11am
This is a zone I don't trade because of the battle at the EMA

Trading to the EMA is OK but on it not so good.
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We need to see the bulls find support above the EMA
  • #8,790
  • Feb 3, 2023 5:23am Feb 3, 2023 5:23am
This one-hour Magenta ABCD gives us two target options I elect to trade the shorter distances, cleaning off the larger one.

Price is stuck at the C point just now.
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Sit on hands time.
  • #8,791
  • Feb 3, 2023 5:32am Feb 3, 2023 5:32am
So, I am done for the week having caught up the deficit.
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I don't worry at all about falling behind a tad since there is always a move to help catchups happen.

There is always another day.
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  • #8,792
  • Feb 6, 2023 1:55am Feb 6, 2023 1:55am
I suppose the words are "How low can it go"

I will be hand sitting once again waiting for some sign of a signal.
  • #8,793
  • Feb 6, 2023 2:12am Feb 6, 2023 2:12am
Quoting Nala66
I suppose the words are "How low can it go" I will be hand sitting once again waiting for some sign of a signal.
They took one of my toes because of no H1 signals
  • #8,794
  • Feb 6, 2023 2:28am Feb 6, 2023 2:28am
I just scalped that move to the 5 min average low for $7.43 profit.

If price breaks below this, then I have no clue where it is going.
  • #8,795
  • Feb 6, 2023 2:32am Feb 6, 2023 2:32am
Bull HD forming on the hour, but I cannot two bar test it!
  • #8,796
  • Feb 6, 2023 2:35am Feb 6, 2023 2:35am
Price testing the last daily EMA low. Will it give or hold?
  • #8,797
  • Feb 6, 2023 2:35am Feb 6, 2023 2:35am
Darn it missed the RSI div on the 5 because I was typing.
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  • #8,798
  • Feb 6, 2023 2:47am Feb 6, 2023 2:47am
Bugger that would have done me for the day.
  • #8,799
  • Feb 6, 2023 2:48am Feb 6, 2023 2:48am
50 pips in 1 hour, fast and furious game everybody hey
  • #8,800
  • Feb 6, 2023 2:49am Feb 6, 2023 2:49am
Quoting Nala66
Bugger that would have done me for the day.
I hope you pardon me, wrong timing chit-chat.
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