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Trading the Cable swings via averages

  • #9,581
  • May 6, 2024 3:26am May 6, 2024 3:26am
Closed for another nine. 5 min in bear div.
  • #9,582
  • May 6, 2024 3:32am May 6, 2024 3:32am
Quoting Nala66
Closed for another nine. 5 min in bear div.
Not quite 1% but +18 pips. Wasn't expecting any trades today.
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  • #9,583
  • May 6, 2024 3:42am May 6, 2024 3:42am
Time to get rout.
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  • #9,584
  • May 6, 2024 4:03am May 6, 2024 4:03am
I have run out of bull targets; the next one is a mile away about 100 pips or so.
  • #9,585
  • May 6, 2024 4:10am May 6, 2024 4:10am
Quoting Nala66
I have run out of bull targets; the next one is a mile away about 100 pips or so.
There is a D-level on H1 around at 2606
  • #9,586
  • May 6, 2024 5:09am May 6, 2024 5:09am
Quoting Fantaburk
{quote} There is a D-level on H1 around at 2606
Yep, found it.

For some reason I can't post the screenshot.
  • #9,587
  • May 6, 2024 5:12am May 6, 2024 5:12am
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There you go at last
  • #9,588
  • May 6, 2024 5:43am May 6, 2024 5:43am
This tight range is woeful, will look in later to see if US makes a difference.

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  • #9,589
  • May 6, 2024 11:36pm May 6, 2024 11:36pm
Quoting Nala66
{quote} Weak because it failed to make the EMA from the bear div.
Thank for confirm this again Alan, not clear but i feel like i understand it more. Strange
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Here is my review to hope to improve thing. Action on yesterday begin with M15 DIV push price above EMA, and build support on M15-M5. It is exactly what 40PipsAlan told me to do, i should entry here but i didn't, as i don't recognize it is build support fast enough.

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
  • #9,590
  • May 7, 2024 6:21am May 7, 2024 6:21am
Not good today. All EMA bunched together again around the daily EMA
  • #9,591
  • May 7, 2024 9:18am May 7, 2024 9:18am
First trade no good. Second trade did OK.
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  • #9,592
  • May 7, 2024 10:56am May 7, 2024 10:56am
I traded not so well in the London session, missed both down move and upmove. But New York was more kind.
Here is my go.
M5, M15, M30 and H1 all in bear div, at H1 ema swing level. Have a feeling I closed out too soon.

A tip I have to any newcomers, or to anyone struggling to grasp the picture, try using the simple line chart. Helped me alot actually.
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  • #9,593
  • May 7, 2024 1:45pm May 7, 2024 1:45pm
My day has been dire and the +1% from yesterday is now -2%. Daily bear divergence convinced me to look short. This proved the wrong move to start with and
I figured the initial DT would continue down. Several shorts later here I am with a bad result. In my defence normal work stuff did consume a bit of my time and I lacked sufficient screen time to spot all the signs you guys have noted already. Must try harder tomoz.
  • #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
  • #9,595
  • May 8, 2024 12:51am May 8, 2024 12:51am
Quoting eliotjng
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...
Trading live is very difficult. I suggest in the beginning you use a Set & forget approach to your trades. (I assume you don't trade with significant size until you know the system anyways)

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).
  • #9,596
  • May 8, 2024 3:19am May 8, 2024 3:19am
All charts looks ripe for a pullback but no need to step in front of a running train. Might check back in at NY open.
  • #9,597
  • May 8, 2024 3:21am May 8, 2024 3:21am
Quoting Fantaburk
All charts looks ripe for a pullback but no need to step in front of a running train. Might check back in at NY open.
Too late. Now in DD
  • #9,598
  • May 8, 2024 3:27am May 8, 2024 3:27am
Quoting 40PipsAlan
{quote} Too late. Now in DD
Yeah expensive lesson learnt from previous experience
  • #9,599
  • May 8, 2024 3:31am May 8, 2024 3:31am
Quoting Fantaburk
{quote} Yeah expensive lesson learnt from previous experience
Must wait for M5 bull support first. I keep telling myself
  • #9,600
  • May 8, 2024 3:57am May 8, 2024 3:57am
see if i still understand this, H1, M15 in bed (did not look at other tfrs), price below ema's, on the M5 support became resistance in bed (two times and so creating a zoo), tp next esl
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