Closed for another nine. 5 min in bear div.
Trading the Cable swings via averages
- #9,587
- May 6, 2024 5:12am May 6, 2024 5:12am
- Joined Mar 2016 | Status: Trader | 6,389 Posts
There you go at last
- #9,588
- May 6, 2024 5:43am May 6, 2024 5:43am
- Joined Mar 2016 | Status: Trader | 6,389 Posts
This tight range is woeful, will look in later to see if US makes a difference.
- #9,589
- May 6, 2024 11:36pm May 6, 2024 11:36pm
{quote} Weak because it failed to make the EMA from the bear div.
At 2, EMA M5 finish target, i short down but price move sideway make i feel this HD M15 bear won't make EMA, may make HH instead --> i exit and wait for US session.
At 3, we have DIV on M15-H1 and M5 have HD bear. Should exit when price test H1 EMA
- #9,591
- May 7, 2024 9:18am May 7, 2024 9:18am
- Joined Mar 2016 | Status: Trader | 6,389 Posts
First trade no good. Second trade did OK.
- #9,594
- May 7, 2024 11:34pm May 7, 2024 11:34pm
Bad day again, i begin the day with buy bias, due to H1 RSI kind of DIV bull, but loss the first buy and miss second buy due to not notice HD form on M15 ( and look back, H1 is in DIV too) 
Later in US session, i short near Fantaburk, after M5 confirm 2 bar test, but exit when price form DIV bull at EMA M5 and M15-30 may want to form DIV bull continous, everything is above EMA so i think this will be just scalp. Look back, H1 at that time close under bear support + it cross EMA swing level, which is zoo point --> i should think about possible of EMA may fail and may lead to big trend down.
In the hindsight, everything look clearly, but trade live is difficult
Later in US session, i short near Fantaburk, after M5 confirm 2 bar test, but exit when price form DIV bull at EMA M5 and M15-30 may want to form DIV bull continous, everything is above EMA so i think this will be just scalp. Look back, H1 at that time close under bear support + it cross EMA swing level, which is zoo point --> i should think about possible of EMA may fail and may lead to big trend down.
In the hindsight, everything look clearly, but trade live is difficult
- #9,595
- May 8, 2024 12:51am May 8, 2024 12:51am
Bad day again, i begin the day with buy bias, due to H1 RSI kind of DIV bull, but loss the first buy and miss second buy due to not notice HD form on M15 ( and look back, H1 is in DIV too)
It will help reduce stress levels, make analysing the trades better and keep you focused on the main rules of the systems until you know them by heart.
(failing one side - test the other, trading from Zoo-points and what they indicate, targets etc).
