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Trading the Cable swings via averages

  • #8,861
  • Mar 2, 2023 1:35am Mar 2, 2023 1:35am
Quoting xudua20
{quote} Hi cuchuflito. Why are you use to heiken ashi, can your intruction system ?, i learning method nalla , i try make profit but not yet, thanks nala .
Hi
I have my own system as mentioned.
I do use most of Nala´s ideas.
Divergence, EMA, and compounding.
But then I add my own "ingredients".
I won´t go into details, cause this is Nala´s thread.
And Nala´s system works, so my advice: follow the master trader, and you are good to go.
  • #8,862
  • Mar 2, 2023 3:00am Mar 2, 2023 3:00am
Quoting Nala66
Вчера это был грязный ABCD, но в конце концов получилось. {image} Он начался с медвежьего деления RSI, дошел...
Congratulations! I also took the prize Great trading method! It worked out today too. We need to move away from the screen now.
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  • #8,863
  • Mar 2, 2023 3:04am Mar 2, 2023 3:04am
To be honest, it's still difficult for me to define ABCD. Point C is still a mystery to me.
  • #8,864
  • Mar 2, 2023 6:02am Mar 2, 2023 6:02am
Quoting Sol72
To be honest, it's still difficult for me to define ABCD. Point C is still a mystery to me.
How can this be, it is so simple.

Look at the one-hour chart below.

A is below the EMA
C is above the EMA

But the EMA is higher at A than it is at C so even without looking at the RSI we have a divergence. This is a special type we call an ABCD

If price is above C then we should be looking for longs. If it gets below C we look for shorts. We watch closely for failures at either 50% levels to the D targets.
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  • #8,865
  • Mar 2, 2023 6:09am Mar 2, 2023 6:09am
Here is one in progress on the 5 min. Note the stall at the 50% level.
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  • #8,866
  • Mar 4, 2023 2:21am Mar 4, 2023 2:21am
Twelve days duration for 5 ABCD signals all hitting their respective targets.

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  • #8,867
  • Mar 4, 2023 2:29am Mar 4, 2023 2:29am
Now look what happens when I overlay the 4 hour ABCD (Magenta EMA)

Green ABCD and target hit.
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Amazing stuff this is it not.
  • #8,868
  • Mar 4, 2023 2:44am Mar 4, 2023 2:44am
So, what does that leave us with?

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MAYBE!!!
  • #8,869
  • Mar 4, 2023 2:52am Mar 4, 2023 2:52am
Quoting Nala66
So, what does that leave us with? {image} MAYBE!!!
This sounds like an option for those of us struggling for screen time at London Open. Nice one Alan.
  • #8,870
  • Mar 4, 2023 3:58am Mar 4, 2023 3:58am
Quoting 40PipsAlan
{quote} This sounds like an option for those of us struggling for screen time at London Open. Nice one Alan.
Notice how they happen every couple of days or so and then take about a day or so to complete.
  • #8,871
  • Mar 5, 2023 11:45am Mar 5, 2023 11:45am
Quoting Nala66
{quote} How can this be, it is so simple. Look at the one-hour chart below. A is below the EMA C is above the EMA But the EMA is higher at A than it is at C so even without looking at the RSI we have a divergence. This is a special type we call an ABCD If price is above C then we should be looking for longs. If it gets below C we look for shorts. We watch closely for failures at either 50% levels to the D targets. {image}
Hello Allan! Tell me: how to enter at point C and what to be guided by. and how to understand that there was a failure at the level of 50% and what to do in this case (hedge or exit from a position)?
  • #8,872
  • Mar 5, 2023 11:52pm Mar 5, 2023 11:52pm
Quoting Sol72
{quote} Hello Allan! Tell me: how to enter at point C and what to be guided by. and how to understand that there was a failure at the level of 50% and what to do in this case (hedge or exit from a position)?
Understand the C point and 50% are ZOO points so a div at these levels on the 5 min are worth taking a crack at because you have a target to structure the trades money management.
  • #8,873
  • Edited 7:31am Mar 6, 2023 4:41am | Edited 7:31am
Finally get the first 20 pips today, Alan. I can finally find the ZOO point in this 1h and catch up with the entry in 5 mins chart
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  • #8,874
  • Mar 6, 2023 5:34am Mar 6, 2023 5:34am
Quoting Fiona96
Finally get the first 20 pips today, Alan. I can finally find the ZOO point in this 4h and catch up with the entry in 5 mins chart {image}
Not sure what you mean by a 4Hr chart when you are showing a 1 hour chart.

Doesn't matter though. I hope you are targeting the average swing low about 40 pips south.
  • #8,875
  • Mar 6, 2023 5:40am Mar 6, 2023 5:40am
We need to be careful here because the 4 hour is tackling the C point.

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I don't like these competitive zones because they can be quite choppy.
  • #8,876
  • Mar 6, 2023 7:34am Mar 6, 2023 7:34am
Quoting Nala66
We need to be careful here because the 4 hour is tackling the C point. {image} I don't like these competitive zones because they can be quite choppy.
Yeah, Alan my bad, I was so happy that I missed typing, I target the average swing low at 1h chart and catched the entry point on 5 mins, it is exactly like you said.
Also I got some extra 40 pips when the candle came back the average on 1h chart
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  • #8,877
  • Mar 6, 2023 7:37am Mar 6, 2023 7:37am
Quoting Nala66
We need to be careful here because the 4 hour is tackling the C point. {image} I don't like these competitive zones because they can be quite choppy.
Could you please re-explain the C point, I have looking all of your previous post and still don't really understand what it is?
  • #8,878
  • Mar 6, 2023 10:08am Mar 6, 2023 10:08am
Quoting Fiona96
{quote} Could you please re-explain the C point, I have looking all of your previous post and still don't really understand what it is?
Here on the 5 min chart I have drawn todays ABCD for you.

Look how A and C are in divergence. C is lower than A on the price chart but on the RSI C is higher than A.

On the price chart A is on the southern side of the EMA and C is on the northern side of the same EMA so we can construct the triangle ABC,

The target price is the distance from A to B starting from C. C is always the first close across the EMA.

Now we need to look at the signals within and we see a nice HD to go long on.

The entry is the HD, the target is D and the stop is D1.
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Note how the risk reward is better than 1 : 3 and see how price failed at the D1 50% level
  • #8,879
  • Mar 6, 2023 10:10am Mar 6, 2023 10:10am
You all should show me what you think are C points so I can correct you if wrong.
  • #8,880
  • Mar 6, 2023 1:12pm Mar 6, 2023 1:12pm
Quoting Nala66
You all should show me what you think are C points so I can correct you if wrong.
Can always use the Alans target indi to show the ABCD. Then just a matter of finding the entry point.
Didnt see the HD at all unfortunately.
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Attached File(s)
File Type: ex4 Alans_Target Targets V2.1.ex4   80 KB | 193 downloads
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