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Trading the Cable swings via averages

  • #9,001
  • Apr 3, 2023 2:50am Apr 3, 2023 2:50am
H1 Divergence target the EMA. missed it-sleeping
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  • #9,002
  • Apr 3, 2023 10:17am Apr 3, 2023 10:17am
Where the bears have found support you should be looking at the pull backs as potential A's. This way when trading short you know where to advance your stop to.

In this case the A came at the completion of the previous ABCD.
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  • #9,003
  • Apr 4, 2023 2:37am Apr 4, 2023 2:37am
On the hour price has just hit the next level target ((2445) and the EMA is at a HH.

So now we consider if the next level is on the cards at 2512 which it should hit if the EMA makes the 2445. Or will the bears stop the bulls?
  • #9,004
  • Apr 4, 2023 2:59am Apr 4, 2023 2:59am
Quoting Nala66
On the hour price has just hit the next level target ((2445) and the EMA is at a HH. So now we consider if the next level is on the cards at 2512 which it should hit if the EMA makes the 2445. Or will the bears stop the bulls?
The dollar to hit a monthly low, and the GBP already hit the monthly high a few minute ago.
What next?
You have an IQ lower than 90 if you interact with this user.
  • #9,005
  • Apr 4, 2023 3:07am Apr 4, 2023 3:07am
We keep going up until the signs tell us otherwise like M5 Bear support.
  • #9,006
  • Apr 4, 2023 3:16am Apr 4, 2023 3:16am
Quoting Nala66
On the hour price has just hit the next level target ((2445) and the EMA is at a HH. So now we consider if the next level is on the cards at 2512 which it should hit if the EMA makes the 2445. Or will the bears stop the bulls?
Hi Alan, can i ask the target 2445 and 2512, where do you get from ? On my chart, my nearest H1 EMA swing is 2533, far from 2445
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  • #9,007
  • Apr 4, 2023 3:50am Apr 4, 2023 3:50am
Quoting eliotjng
{quote} Hi Alan, can i ask the target 2445 and 2512, where do you get from ? On my chart, my nearest H1 EMA swing is 2533, far from 2445 {image}
You are correct.

These levels have been on my chart for so long and should have been removed. Looking back at mid last year.

255 is the next level followed by 2638
  • #9,008
  • Apr 4, 2023 3:56am Apr 4, 2023 3:56am
I have corrected my chart and now it makes more sense for a future ABCD.
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  • #9,009
  • Apr 4, 2023 4:28am Apr 4, 2023 4:28am
Took a long time to hit that daily ABCD target but got there in the end. Nearly 250 pips from those 2 trades.Nice
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  • #9,010
  • Apr 5, 2023 3:05am Apr 5, 2023 3:05am
Keeping my eye on this. Price has to close below the gold line to form an ABCD
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  • #9,011
  • Apr 5, 2023 3:31am Apr 5, 2023 3:31am
Quoting Nala66
Keeping my eye on this. Price has to close below the gold line to form an ABCD {image}
Master,
C must be on the other side of the EMA relative to B, right?
  • #9,012
  • Apr 5, 2023 6:06am Apr 5, 2023 6:06am
Quoting Nala66
Keeping my eye on this. Price has to close below the gold line to form an ABCD {image}
We have the H1 ABCD Alan. Which way are we trading???
Down for now. H4 EMA 40 odd pips away.
Now at BE
  • #9,013
  • Apr 5, 2023 7:45am Apr 5, 2023 7:45am
Quoting LFrZero
{quote} Master, C must be on the other side of the EMA relative to B, right?
Yes
  • #9,014
  • Apr 5, 2023 7:54am Apr 5, 2023 7:54am
Quoting 40PipsAlan
{quote} We have the H1 ABCD Alan. Which way are we trading??? Down for now. H4 EMA 40 odd pips away. Now at BE
This is where you have to be alert.

Watch that 5 min like a hawk, Aa bull div sent it long and the bulls found support.
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  • #9,015
  • Apr 5, 2023 8:00am Apr 5, 2023 8:00am
Quoting Nala66
{quote} This is where you have to be alert. Watch that 5 min like a hawk, Aa bull div sent it long and the bulls found support. {image}
Yah US news spike took it back over the EMA again.
  • #9,016
  • Apr 5, 2023 8:10am Apr 5, 2023 8:10am
How do you find time to watch the news? I am always too busy watching the charts.

The first 20 days we had 8 signals.

So far the last 15 days have produced 10 signals.

So, a total of 35 days has produced 18 signals maintaining the average of about 1 every two days. You might say a day to setup and a day to execute.
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Not a bad trading system to specialize in hey!
  • #9,017
  • Apr 5, 2023 8:11am Apr 5, 2023 8:11am
Going fishing tomorrow so won't be back until next Tuesday.

Have a great Easter break everyone.
  • #9,018
  • Edited 8:36am Apr 5, 2023 8:19am | Edited 8:36am
Quoting Nala66
How do you find time to watch the news? I am always too busy watching the charts. The first 20 days we had 8 signals. So far the last 15 days have produced 10 signals. So, a total of 35 days has produced 18 signals maintaining the average of about 1 every two days. You might say a day to setup and a day to execute. {image} Not a bad trading system to specialize in hey!
I get news alerts to my phone from investing.com all freebie of course.
  • #9,019
  • Apr 5, 2023 8:34am Apr 5, 2023 8:34am
Quoting Nala66
Going fishing tomorrow so won't be back until next Tuesday. Have a great Easter break everyone.
You too, Alan. Have a great Easter break then.
  • #9,020
  • Apr 5, 2023 8:38am Apr 5, 2023 8:38am
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Quoting Nala66
Going fishing tomorrow so won't be back until next Tuesday. Have a great Easter break everyone.
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