Attachments: Trading the Cable swings via averages

Trading the Cable swings via averages

#9,461
Apr 23, 2024 1:09am Apr 23, 2024 1:09am

Nala66
Joined Mar 2016 | Status: Trader | 6,378 Posts

Quoting eliotjng

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{quote} Hi Alan, can i ask where you get S1, S2 level from ? It is surely not EMA swing level on M5 as i don't have it {image} Yesterday is kind of hard for me as i can't identify a target for today. H1 EMA swing level is at 1.2230, M5 is at 1.2288. Both target is too far so i don't think price will take few day to archive that.

Ignored

The daily pivots such as the S1 S2 etc are supplied by your broker in the tool list. Mine is called Auto Pivots. I then remove the ones I am not interested in.

I am at a loss to understand why you cannot see targets for today. Look at the15-min chart below...

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#9,462
Apr 23, 2024 1:15am Apr 23, 2024 1:15am

Nala66
Joined Mar 2016 | Status: Trader | 6,378 Posts

Quoting danjuma

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{quote} Hi Nala66, appreciate your response, many thanks. Will just have use this strategy when I am off work and trade the LO.

Ignored

You might find a pair that is somewhat in line with the time you have available. It doesn't have to be currency, take a look at gold for example.

Whatever it is, if you can capture just 10 pips a day you will be well ahead of the long termers.

#9,463
Apr 23, 2024 2:04am Apr 23, 2024 2:04am

40PipsAlan
Joined Apr 2019 | Status: Trader | 1,996 Posts

Quoting eliotjng

Disliked

{quote} Hi Alan, can i ask where you get S1, S2 level from ? It is surely not EMA swing level on M5 as i don't have it {image} Yesterday is kind of hard for me as i can't identify a target for today. H1 EMA swing level is at 1.2230, M5 is at 1.2288. Both target is too far so i don't think price will take few day to archive that.

Ignored

Attached File(s)

Auto Pivots.ex4 50 KB | 174 downloads

Attached File(s)

Davits Pivot V3.2 Auto.ex4 43 KB | 162 downloads

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Davits Pivot V3.2 Auto.mq4 25 KB | 144 downloads

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Pivot DWM.ex4 21 KB | 158 downloads

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PIVOT_FIBS_plus.ex4 264 KB | 169 downloads

Attached File(s)

Pivot_Voty.ex4 74 KB | 157 downloads

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Pivot_Voty.mq4 36 KB | 144 downloads

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PivotCustom_4TFs_ThinLines_NoSR.ex4 23 KB | 141 downloads

Attached File(s)

PivotCustom_4TFs_ThinLines_NoSR.mq4 93 KB | 158 downloads

Attached File(s)

PivotsD_v5 (Black).ex4 46 KB | 182 downloads

#9,464
Apr 23, 2024 9:00am Apr 23, 2024 9:00am

Nala66
Joined Mar 2016 | Status: Trader | 6,378 Posts

Quoting Ferna

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{quote} Which commodities/non-currency moves during the Sydney-session?

Ignored

Sorry I don't know, I don't trade them.

#9,465
Apr 23, 2024 9:02am Apr 23, 2024 9:02am

Nala66
Joined Mar 2016 | Status: Trader | 6,378 Posts

Gee that push was 1 pip off my TP but I have closed now anyway.

Whoops no it wasn't my red line was a tad too high.

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Note how the EMA is trying to break the red line level that price reaches the next red line level.

#9,466
Apr 23, 2024 9:13am Apr 23, 2024 9:13am

Nala66
Joined Mar 2016 | Status: Trader | 6,378 Posts

I had 1.24464 and it has definitely hit that now.

#9,467
Apr 23, 2024 9:36am Apr 23, 2024 9:36am

Jonhathan123
| Joined Apr 2020 | Status: Trader | 157 Posts

Quoting Nala66

Disliked

I had 1.24464 and it has definitely hit that now.

Ignored

Hello sir! Can you help me do we use multi-time frame analysis and how to use it if any? Tks!!!

#9,468
Apr 23, 2024 9:55am Apr 23, 2024 9:55am

40PipsAlan
Joined Apr 2019 | Status: Trader | 1,996 Posts

Quoting Jonhathan123

Disliked

{quote} Hello sir! Can you help me do we use multi-time frame analysis and how to use it if any? Tks!!!

Ignored

H1 and M5 charts checking for divergence around LO will get you started.

#9,469
Apr 23, 2024 10:02am Apr 23, 2024 10:02am

40PipsAlan
Joined Apr 2019 | Status: Trader | 1,996 Posts

Today I found to be tricky. Started off going short which got stopped out when the H1 ABCD arrived. Got several buy trades in and closed them when divergence showed up again. End the day around 1% up.

#9,470
Apr 23, 2024 10:12am Apr 23, 2024 10:12am

Jonhathan123
| Joined Apr 2020 | Status: Trader | 157 Posts

Quoting 40PipsAlan

Disliked

{quote} H1 and M5 charts checking for divergence around LO will get you started.

Ignored

Tks u so much!!

#9,471
Apr 23, 2024 10:38am Apr 23, 2024 10:38am

eliotjng
| Joined May 2022 | Status: Trader | 97 Posts

Quoting 40PipsAlan

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{quote} {file} {file} {file} {file} {file} {file} {file} {file} {file} {file}

Ignored

Thank a lot 40PipsAlan

Quoting Nala66

Disliked

{quote} The daily pivots such as the S1 S2 etc are supplied by your broker in the tool list. Mine is called Auto Pivots. I then remove the ones I am not interested in. I am at a loss to understand why you cannot see targets for today. Look at the15-min chart below... {image}

Ignored

Oh Alan, i think you misunderstand me, when i said i can't see target, i mean yesterday (Monday 22 April), not today (23 April).

Today i got few target on H1, and i think all action is on M15. Again, i feel awesome about Alan ABCD and AB=CD. Both provide similar target

. Chart below is how i play

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1)At 1, my inference on High time frame is we still in bear today, but price currently exactly 50% AB=CD + it is in DIV continous bull so i try my luck and got BE due to a hook (my bias is down trend, so i move stoploss to BE too soon, and don't dare to re-entry hook)
2) At 2, target AB=CD not reach, so i'm not trade here and wait if price can finish target. It can't but price still go down so i quit and put my hope on US session
3) At 3, we have DIV bear and price also cross H4 EMA. This again, i saw M5 RSI DIV + M15 DIV continous bull, but i'm still think at least price should go back to EMA or test bull support, but just in case all i do is move stoploss to BE

, the news took me few pips loss. I really should hedge this

Once news kick in, i quit as i don't know how long this will move

#9,472
Apr 23, 2024 10:24pm Apr 23, 2024 10:24pm

Nala66
Joined Mar 2016 | Status: Trader | 6,378 Posts

This is what I was looking at before going to sleep last night on the 4-hour chart.

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I was expecting to see the target hit by now, however maybe it needs more time.

#9,473
Apr 24, 2024 1:59am Apr 24, 2024 1:59am

Nala66
Joined Mar 2016 | Status: Trader | 6,378 Posts

Quoting eliotjng

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{quote} , i quit as i don't know how long this will move

Ignored

Yep, there was quite a bit going on with the 1-hourchart yesterday which I didn't pick up on...

Both the ABCD and the AB=CD were the same target level

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#9,474
Apr 24, 2024 3:02am Apr 24, 2024 3:02am

40PipsAlan
Joined Apr 2019 | Status: Trader | 1,996 Posts

Squeezed 13 pips out of that drop back to the H1 EMA. Now waiting to see what's next.

#9,475
Apr 24, 2024 5:56am Apr 24, 2024 5:56am

Nala66
Joined Mar 2016 | Status: Trader | 6,378 Posts

Quoting 40PipsAlan

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Squeezed 13 pips out of that drop back to the H1 EMA. Now waiting to see what's next.

Ignored

Ha, beat ya, I got 16.

Looks like the 4 hour is trying to find support.

#9,476
Apr 24, 2024 6:03am Apr 24, 2024 6:03am

40PipsAlan
Joined Apr 2019 | Status: Trader | 1,996 Posts

Quoting Nala66

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{quote} Ha, beat ya, I got 16. Looks like the 4 hour is trying to find support.

Ignored

No one like a smart ass Alan.
Currently long M15 retest last EMA swing

#9,477
Apr 24, 2024 9:04am Apr 24, 2024 9:04am

40PipsAlan
Joined Apr 2019 | Status: Trader | 1,996 Posts

Quoting 40PipsAlan

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{quote} No one like a smart ass Alan. Currently long M15 retest last EMA swing

Ignored

Kicked me out at BE. Better luck tomoz.

#9,478
Apr 24, 2024 1:41pm Apr 24, 2024 1:41pm

40PipsAlan
Joined Apr 2019 | Status: Trader | 1,996 Posts

Talk about bad luck on that BE trade. Got within 3 pips of my target just above the EMA swing high before taking me out, then to rub my nose in it goes back up to my target. Dam you Cable.

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