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Trading the Cable swings via averages

  • #9,181
  • Aug 17, 2023 2:05pm Aug 17, 2023 2:05pm
Quoting prohaha
Below are h1 chart and m5 chart showned ZOO point, how can I catch the long trade at ZOO point on h1? When the wicked of the last bar touched swing low h1, I dropped down to m5 but I couldn't find any signals to get in because there are no divs at that point. Can you give me some advice, Mr. Alan? {image} {image}
I can give my view if you like. On the H1 we have bull support with the H4 also stopping any Bear supports from forming. So we are looking for a long entry with the daily EMA being the target. On the M5 we need bull support for a long trade but I suspect Nala would have put a tester trade via a hidden divergence somewhere below the H4 EMA and added to the trade once M5 support comes in. Still having trouble spotting HD.
I couldn't spot any divergence either.
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  • #9,182
  • Aug 17, 2023 2:22pm Aug 17, 2023 2:22pm
Quoting 40PipsAlan
{quote} I can give my view if you like. On the H1 we have bull support with the H4 also stopping any Bear supports from forming. So we are looking for a long entry with the daily EMA being the target. On the M5 we need bull support for a long trade but I suspect Nala would have put a tester trade via a hidden divergence somewhere below the H4 EMA and added to the trade once M5 support comes in. Still having trouble spotting HD. I couldn't spot any divergence either. {image} {image}
Is this the hidden divergence?
Attached Image (click to enlarge)
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  • #9,183
  • Edited 11:03pm Aug 17, 2023 9:53pm | Edited 11:03pm
Quoting prohaha
Below are h1 chart and m5 chart showned ZOO point, how can I catch the long trade at ZOO point on h1? When the wicked of the last bar touched swing low h1, I dropped down to m5 but I couldn't find any signals to get in because there are no divs at that point. Can you give me some advice, Mr. Alan? {image} {image}
Hmm, after re-checking, I've finally found the div at that ZOO point. Look at chart M15, there is one regular bull div and also drop down m5, there is the bull div exacly the same on M15. Two pivot point on m5 that make the div is quite far away from each other so It's really hard to spot. I think I need more pratice to spot divergence by checking other timeframes.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: m5.png Size: 14 KB
  • #9,184
  • Aug 18, 2023 1:34am Aug 18, 2023 1:34am
Quoting prohaha
Below are h1 chart and m5 chart showned ZOO point, how can I catch the long trade at ZOO point on h1? When the wicked of the last bar touched swing low h1, I dropped down to m5 but I couldn't find any signals to get in because there are no divs at that point. Can you give me some advice, Mr. Alan? {image} {image}
The Div was very clear on the 1 minute chart?
  • #9,185
  • Aug 18, 2023 1:37am Aug 18, 2023 1:37am
Quoting prohaha
{quote} Hmm, after re-checking, I've finally found the div at that ZOO point. Look at chart M15, there is one regular bull div and also drop down m5, there is the bull div exacly the same on M15. Two pivot point on m5 that make the div is quite far away from each other so It's really hard to spot. I think I need more pratice to spot divergence by checking other timeframes. {image} {image}
Checking all the time frames is a must do.
  • #9,186
  • Aug 18, 2023 1:43am Aug 18, 2023 1:43am
Quoting Nala66
{quote} The Div was very lcear on the 1 minute chart?
Sorry but what happened on 1 minute chart is too fast, I can not handle this for now, maybe in the future with 10,000 hours of pratice.
  • #9,187
  • Aug 21, 2023 2:39am Aug 21, 2023 2:39am
Stay above EMA, don't know how to react with this situation. Better take a break...
  • #9,188
  • Aug 21, 2023 5:33am Aug 21, 2023 5:33am
Quoting prohaha
Stay above EMA, don't know how to react with this situation. Better take a break...
The 1 hour EMA's are squashing together. Better to sit this out.
  • #9,189
  • Aug 21, 2023 9:25am Aug 21, 2023 9:25am
Trying to get on trade today at ZOO point on H1 (just practicing by cent account). As Alan said above, the market today is very choppy so 30 pips target is worth waiting.
Attached Image (click to enlarge)
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  • #9,190
  • Aug 23, 2023 4:42am Aug 23, 2023 4:42am
It's one thing to attack the next lower low average but to do it so quickly is not common at all.

I suspect it was because the averages were too bunched up and a good break was needed.
Attached Image (click to enlarge)
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It managed this level almost to the pip.
  • #9,191
  • Aug 23, 2023 10:48pm Aug 23, 2023 10:48pm
Quoting Nala66
It's one thing to attack the next lower low average but to do it so quickly is not common at all. I suspect it was because the averages were too bunched up and a good break was needed.{image} It managed this level almost to the pip.
In this case, because it's happened too fast so what should we do to get in that falling down? If we entry into wrong direction and be kicked out, what should we do to get back on track?
  • #9,192
  • Aug 24, 2023 3:43am Aug 24, 2023 3:43am
Quoting prohaha
{quote} In this case, because it's happened too fast so what should we do to get in that falling down? If we entry into wrong direction and be kicked out, what should we do to get back on track?
I don't know how you set about your trading. I place pending orders.
  • #9,193
  • Aug 24, 2023 4:53am Aug 24, 2023 4:53am
Quoting Nala66
{quote} I don't know how you set about your trading. I place pending orders.
Could you post your chart for reference, plesase?
  • #9,194
  • Aug 24, 2023 8:27am Aug 24, 2023 8:27am
Been busy of late with real work but got 2 trades on today. H1 divergence with my target at the same old place that has been hit so many times now, Daily EMA swing low. Entered on the M5 a bit early but saw the H1 EMA holding good resistance. Got another trade on the M5 when divergence showing again. Approx +100 pips for the 2 trades. Nice
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  • #9,195
  • Aug 24, 2023 11:14am Aug 24, 2023 11:14am
Quoting prohaha
{quote} Could you post your chart for reference, plesase?
This is how it works,

The 5 min EMA is failing to make a HH so it should test the opposite side. (SHORT)

It doesn't matter where we take the short as long as the risk is half the measured reward.

Then we can add to the winning trades as it breaks the price LL's still aiming for the same target. Moving our stop to maintain a 1% risk.

Something like this...
Attached Image (click to enlarge)
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The risk is so small I fail to see what the problem is. In this example the reward was 6% and price is still buzzing the EMA swing low.
  • #9,196
  • Edited 7:12am Aug 25, 2023 3:39am | Edited 7:12am
RR Calculator. risk 1% or whatever and TP at 2X risk. Put the trade on at the displayed lotsize
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
Click to Enlarge Name: Nala.png Size: 13 KB
Attached File(s)
File Type: ex4 smTMMS RR-Calculator_v1.1.ex4   22 KB | 232 downloads
  • #9,197
  • Aug 25, 2023 11:37am Aug 25, 2023 11:37am
Quoting 40PipsAlan
RR Calculator. risk 1% or whatever and TP at 2X risk. Put the trade on at the displayed lotsize {image} {file} {image}
This is a cool tool. I like how it gives the prices at the levels and calculates the lot size to place. This saves a lot of calculation.

Very nice, thanks, I think I will get a lot of use out of this.
  • #9,198
  • Aug 25, 2023 11:47am Aug 25, 2023 11:47am
Quoting Nala66
{quote} This is a cool tool. I like how it gives the prices at the levels and calculates the lot size to place. This saves a lot of calculation. Very nice, thanks, I think I will get a lot of use out of this.
Big thanks to FF very own coder Swingman.
  • #9,199
  • Aug 25, 2023 11:49pm Aug 25, 2023 11:49pm
Quoting Nala66
{quote} No apology required some things need more explanation because we all see things differently depending on our points of view and our preconceived notions. A two bar test is generally used when we spot divergence. I would imagine many have experienced the problem of taking a divergence and price fails to react to it and continues on its merry way. This is because price is heading for a level and divergence will not stop it from getting there. So the best divs happen at these levels because that is the expected turn point to test the opposite...
Could you explain about two bar test in your chart below, it makes me so confused.
Attached Image (click to enlarge)
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  • #9,200
  • Aug 30, 2023 10:36am Aug 30, 2023 10:36am
Quoting Nala66
{quote} Nice job in a difficult situation. These choppy situations mean we have to be trading for longer periods which is not my style...
On post 8472, in case you are tad late and spot bull div to entry Long. Then, Price went 20 pips against you but you added one more Long position and average down the risk with total risk is still 2% of two Long trades and maybe keep adding more position and moving stop accordingly. So that makes me wonder because you used to said that NEVER ADDED TO A LOSING TRADE. Please give me some advice to dealing with special situation above.
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