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Trading the Cable swings via averages

  • #9,341
  • Feb 2, 2024 8:55am Feb 2, 2024 8:55am
A tough week with all this ranging going on but still managed a profit on the demo account.
Manual trading 4.5% and robot under test did 4.8%
Have a good weekend guys.

A
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  • #9,342
  • Feb 2, 2024 2:43pm Feb 2, 2024 2:43pm
Demo account since 28th Nov 2023. Finally after 5 years of trying to trade we have an account heading in the right direction.
All the others gradually drifted downwards, win one and lose 2 etc, but now I am a lot happier.
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  • #9,343
  • Feb 6, 2024 5:08am Feb 6, 2024 5:08am
Observations from the last couple days. Divergence not getting price over the EMA so taking it lower still. Buy trades getting taken out at BE so switching to look for sell trades. M5 showing HD at H1 EMA so good chance of some more downward action. Will be watching the daily open level.
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  • #9,344
  • Feb 6, 2024 5:11am Feb 6, 2024 5:11am
My trade today which I have closed was not very productive, market is just tooooooo slow.
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Maybe it will pick up when I go to sleep.
  • #9,345
  • Edited 5:29am Feb 6, 2024 5:17am | Edited 5:29am
Quoting 40PipsAlan
Observations from the last couple days. Divergence not getting price over the EMA so taking it lower still. Buy trades getting taken out at BE so switching to look for sell trades. M5 showing HD at H1 EMA so good chance of some more downward action. Will be watching the daily open level. {image} {image}
If using this 1 hour chart, don't try to stop the trend, go with it.
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  • #9,346
  • Feb 6, 2024 5:21am Feb 6, 2024 5:21am
Quoting Nala66
{quote} If using this 5 min chart don't try to stop the trend, go with it. {image}
Dammit missed that one.
  • #9,347
  • Feb 6, 2024 5:30am Feb 6, 2024 5:30am
Quoting 40PipsAlan
{quote} Dammit missed that one.
Sorry I meant to say one hour chart...

Also, there was a nice down move from the bear div at the very top, over 200 pips all up.
  • #9,348
  • Feb 6, 2024 5:33am Feb 6, 2024 5:33am
Quoting 40PipsAlan
{quote} Dammit missed that one.
Kicked me out at BE again. Anything is better than losing a trade.
  • #9,349
  • Edited 6:49am Feb 6, 2024 6:31am | Edited 6:49am
Lets try this again. Divergence on the H1 to go short. M5 bounce off the H1 EMA, now safe at BE
EDIT:- Guess what! another BE trade
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  • #9,350
  • Feb 8, 2024 2:35am Feb 8, 2024 2:35am
I mean, what the hell is going on with this pair. Someone get it moving please.
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  • #9,351
  • Feb 9, 2024 4:38am Feb 9, 2024 4:38am
Cant see this thing improving much today. No news events today so might as well go fishing. 3.38% added to the demo this week.
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  • #9,352
  • Feb 12, 2024 4:04am Feb 12, 2024 4:04am
Looks like more fishing today NALA!!!
Too Slow
  • #9,353
  • Feb 12, 2024 5:00am Feb 12, 2024 5:00am
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  • #9,354
  • Edited 2:28pm Feb 16, 2024 2:54am | Edited 2:28pm
Been a tough week and I don't want to push my luck any further. Added 5.64% to the account so happy with that.
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  • #9,355
  • Feb 16, 2024 7:02pm Feb 16, 2024 7:02pm
Quoting Nala66
My trade today which I have closed was not very productive, market is just tooooooo slow. {image} Maybe it will pick up when I go to sleep.
Good to see you're still at it Alan.....I have sent you a chat on your skype
  • #9,356
  • Feb 17, 2024 8:52am Feb 17, 2024 8:52am
Hello friends.

I started reading this thread and noticed it has evolved much over time. as the thread has gone very long, I would appreciate it if anyone could tell me where do i start reading. Thanks
  • #9,357
  • Feb 21, 2024 9:49am Feb 21, 2024 9:49am
Quoting mohamadmd
Hello friends. I started reading this thread and noticed it has evolved much over time. as the thread has gone very long, I would appreciate it if anyone could tell me where do i start reading. Thanks
I think you should read from the first posts, pay attention to the instructions and answers of Nala66 because those are the main content of this topic.
  • #9,358
  • Feb 22, 2024 10:40pm Feb 22, 2024 10:40pm
Hi Alan,
In such a situation like this, how to know if where is price next target?

The H1 made it cross EMA, does it gonna hit the 50% target?
In the 5 min chart I also see bull support area
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  • #9,359
  • Feb 23, 2024 3:21am Feb 23, 2024 3:21am
Is it just me or has the last few weeks been really difficult to trade?
  • #9,360
  • Feb 23, 2024 2:17pm Feb 23, 2024 2:17pm
I am finding the past few weeks tough going with finding good trades. Lots of trades just grabbing a few pips here and there. Managed to add 5.69% on the account his week so mustn't complain too much. Who said trading is easy?
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