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Trading the Cable swings via averages

  • #8,921
  • Mar 16, 2023 5:58am Mar 16, 2023 5:58am
Quoting Nala66
{quote} I am having a hard time trying to make any sense from your charting,
Sorry for drawing every things on one chart.
Just skip the blue text, my analytics is in red text.
  • #8,922
  • Mar 16, 2023 9:28am Mar 16, 2023 9:28am
The last trade example was a bear move. This next one was a bull move. Exactly the same.

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These trades keep panning out exactly as I have repeatedly explained.
  • #8,923
  • Mar 16, 2023 9:30am Mar 16, 2023 9:30am
Quoting LFrZero
{quote} Sorry for drawing every things on one chart. Just skip the blue text, my analytics is in red text.
Set the charts up correctly so we can read them. You haven't even got the price bars on them.
  • #8,924
  • Mar 17, 2023 11:27am Mar 17, 2023 11:27am
My trade today got kicked out at BE. Just after LO and whilst at work took the short with a target at 1.21072 as EMA failed to go HH so test the previous EMA. Got the thing to BE and then dragged away on other work stuff. Comes back and finds a bounce off the H1 EMA. Not to worry, theres always next week. Good weekend guys.
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  • #8,925
  • Mar 18, 2023 9:09am Mar 18, 2023 9:09am
Quoting Nala66
{quote} No, it isn't both prices are on the same north side of the EMA This was todays trade.... {image}
Thanks. So A-B has to be on the same side, C is on the other side? And there's always a div beetween A and C or B and C, am i correct?
  • #8,926
  • Mar 20, 2023 7:44am Mar 20, 2023 7:44am
Quoting khoadiablo
{quote} Thanks. So A-B has to be on the same side, C is on the other side? And there's always a div beetween A and C or B and C, am i correct?
Yes, A and B are always on the same side and C is on the opposite. C will always be in divergence with A or B.

Most often we will also see divergence at A or B sending price to C.
  • #8,927
  • Mar 20, 2023 7:53pm Mar 20, 2023 7:53pm
Quoting Nala66
{quote} Yes, A and B are always on the same side and C is on the opposite. C will always be in divergence with A or B. Most often we will also see divergence at A or B sending price to C.
Thanks Master! You did a great job.
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  • #8,928
  • Mar 20, 2023 9:49pm Mar 20, 2023 9:49pm
Quoting khoadiablo
{quote} Thanks Master! You did a great job. {image}
You have C drawn incorrectly, it was the previous pivot that broke the EMA creating C.
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  • #8,929
  • Mar 21, 2023 1:31am Mar 21, 2023 1:31am
Quoting Nala66
{quote} You have C drawn incorrectly, it was the previous pivot that broke the EMA creating C. {image}
Oh, I got lucky on that one and still got the prize. How about this one?
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  • #8,930
  • Mar 21, 2023 2:05am Mar 21, 2023 2:05am
Quoting khoadiablo
{quote} Oh, I got lucky on that one and still got the prize. How about this one? {image}
That one is good.

I spent ages trying to find that 1 hour image.... Deerrrrr it was the Canadian dollar!!!!!!

We have the same signal now on the GU
  • #8,931
  • Mar 21, 2023 2:07am Mar 21, 2023 2:07am
Looks like price is ranging on the daily chart between the two 50% levels. Give us a break/out.
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  • #8,932
  • Mar 21, 2023 8:01am Mar 21, 2023 8:01am
Master Alan, should i take profit at EMA swing or D point target? which one do you prefer?
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  • #8,933
  • Mar 21, 2023 8:38pm Mar 21, 2023 8:38pm
Quoting khoadiablo
Master Alan, should i take profit at EMA swing or D point target? which one do you prefer? {image}
Put your 4 hour EMA and the daily EMA on the 1-hour chart and you will see the price picture much better.

In this case the D1 target and the 4-hour EMA were the same level. It ran into bull RSI divergence there so we would expect it to bounce upwards.

The setting for the 4Hr is 104 periods.

The setting for the daily is 624 periods.
  • #8,934
  • Mar 21, 2023 9:02pm Mar 21, 2023 9:02pm
Quoting khoadiablo
{quote} Oh, I got lucky on that one and still got the prize. How about this one? {image}
How did you make out with the US/CAD.

I see it almost made it to the D1 after some 9 grueling hours only to turn and get to the D level in quick time.
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  • #8,935
  • Mar 22, 2023 8:12am Mar 22, 2023 8:12am
Quoting Nala66
{quote} How did you make out with the US/CAD. I see it almost made it to the D1 after some 9 grueling hours only to turn and get to the D level in quick time. {image}
It hit D1 target when i had some beer, it was lucky cause i drew incorrectly
  • #8,936
  • Mar 22, 2023 6:39pm Mar 22, 2023 6:39pm
Best moment when you wake up in the morning.
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  • #8,937
  • Mar 22, 2023 7:38pm Mar 22, 2023 7:38pm
Quoting khoadiablo
Best moment when you wake up in the morning. {image} {image}
Again, my GU was a tad different. I like the way you put the boxes in place rather than my lines, looks cool. the dot in the centre would be the 50%, I may adopt that idea myself.
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  • #8,938
  • Mar 22, 2023 8:28pm Mar 22, 2023 8:28pm
Quoting Nala66
{quote} Again, my GU was a tad different. I like the way you put the boxes in place rather than my lines, looks cool. the dot in the centre would be the 50%, I may adopt that idea myself. {image}
I'm really lazy so i cannot draw on MT4. Using Tradingview tools is super easy. I use parallel channel tool to measure A-B space then drag it to C, clone another to finish. Besides, I realized that MT4 chart is kind of different from Tradingview chart.
  • #8,939
  • Mar 23, 2023 12:23am Mar 23, 2023 12:23am
Quoting khoadiablo
{quote} I'm really lazy so i cannot draw on MT4. Using Tradingview tools is super easy. I use parallel channel tool to measure A-B space then drag it to C, clone another to finish. Besides, I realized that MT4 chart is kind of different from Tradingview chart.
Another thing you can do since you mention the parallel tool.

Put the tool on both A and B The side that price breaks first is most likely to be the side price will run to D or D1.

Though this is not always the case the odds are very much in our favour.
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  • #8,940
  • Mar 23, 2023 12:49am Mar 23, 2023 12:49am
USDJPY 1H trade today
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