Trading the Cable swings via averages

Quoting 40PipsAlan

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{quote} I am concentrating on getting the right divergence signals so currently using a 20 pip SL with 40 pip TP on each trade or the last swing Hilo for SL and adjusting as necessary. I think the hedging might be helping with the DD as well instead of just closing out the trade. I also move my TP point out if the trade looks good for it. Also have a habit of moving the SL out a bit to give the trade some room to move. I suspect the low DD is due to me finding some good trades that dont dither around. Make sure you confirm the move on M5 chart as...

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Quoting Nala66

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{quote} On hedging.... Let's say you are short and that at some point you think it is about to turn so you close. Instead of just closing you can simply hedge so all your current profits are locked in. If the hedged position starts to look like a good call, then you can close the short. This way you haven't lost any pips from the short because the hedge has picked them up and now need to protect the hedge with a stop. If the hedge turns out to be a bad call, then you can simply close all so no harm done for trying.

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Quoting 40PipsAlan

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Here's another one for those brave enough to go thru 2 EMA lines. The hedge turned around on the H4 EMA and I expect there was divergence on the M5 chart to suggest that and probably at the bottom. {image}

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Quoting eliotjng

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Hello Alan, I have try your method for over a year and still loss. Recently I re-read the thread again and find out the reason maybe I’m misunderstand about the rule “ If EMA fail to make LL, it will make HH instead”. Please help me with that {image} On 29 Nov 2018 you said target EMA swing should be 2745 (price reach 2745). But from chart, in my mind say EMA (I draw red line) should break 2770 in order to make LL --> price should reach be 2760 instead ? I have write HH/LL to make sure i understand about them correct. {image} Chart 2 on 7 DEC, i...

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Quoting eliotjng

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Hello Alan, I have try your method for over a year and still loss. Recently I re-read the thread again and find out the reason maybe I’m misunderstand about the rule “ If EMA fail to make LL, it will make HH instead”. Please help me with that {image} On 29 Nov 2018 you said target EMA swing should be 2745 (price reach 2745). But from chart, in my mind say EMA (I draw red line) should break 2770 in order to make LL --> price should reach be 2760 instead ? I have write HH/LL to make sure i understand about them correct. {image} Chart 2 on 7 DEC, i...

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Quoting 40PipsAlan

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{quote} if it helps, I am concentrating on finding the H1 divergence and waiting on M5 for a signal. Should throw price over the EMA and if it doesn’t it will make a HH or LL depending which direction you are trading. Usually good for 20-30 pips. A

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Quoting prohaha

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{quote} I think you are comparing PRICE to EMA not EMA to EMA. On Chart 1, if EMA wants to make LL as you said 2770, Price should reach a new level, it means 2745 not 2760, because you can see on chart 1, if Price reach 2760, EMA is still above 2770 level. You should remember that EMA always chase Price so if EMA reach a new level, price will reach a new reasonable level first. On Chart 2, Failure means that the "EMA SLOPE" could not reach the swing low level not "PRICE", so follow the rule “ If EMA fail to make LL, it will make HH instead”, EMA...

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Quoting eliotjng

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{quote} Thank you, i will test that ideas then. {quote} I think when EMA come to a level --> price will come to next level. So EMA make LL mean if EMA want to reach 2770, price reach 2660. And if EMA want to reach 2760, price will reach 2745. And if EMA reach near 2745, price must come around 2739. Here is full Alan word: "On the 5 min chart the 2760 average was the one be broken. To break this level price itself makes it to the next level which was 2745 which is enough to easily make the 50 pips required. Then for the average to break this 2745...

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Quoting prohaha

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{quote} I think you misunderstanding something here, please re-read post 297 & 303, they were connected. Please note that highlight "On the 5 min chart the 2760 average was the one be broken", the EMA was printed and was broken at 2760, so after broke that level, EMA tended to break lower level as 2745. Mr. Alan was not choosen 2760 level, he was choosen 2745 is the next level that EMA heading to.

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Quoting eliotjng

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{quote} Please look at old chart here, Alan said 40 pip target on chart and his price target is 2745 --> his EMA target is 2760. {image} Again, can you see the RED LINE i add in chart below, i will choose EMA target is 2770 (RED number i add) --> price target is 2760. Because at that target, EMA can success make LL. I think he use EMA swing on other TimeFame or ABCD target combine with EMA swing M5 to identify that EMA target. I'm not sure that i misunderstand about how HH/LL form or Alan combine with other ABCD target, instead of wonder around,...

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Quoting 40PipsAlan

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M5 divergence at the top then made an ABCD. Got in for +18 pips {image}

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Quoting 40PipsAlan

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{quote} Been a tough week. {image}

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