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Trading the Cable swings via averages

  • #9,601
  • May 8, 2024 4:38am May 8, 2024 4:38am
Quoting huskyboy
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 {image}
Yes seems so. However target was too small for me to get a proper R:R.

I have it like this. A short from daily high/open coinciding with m5 ESL would be my prefered choice of fighter.
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  • #9,602
  • May 8, 2024 5:30am May 8, 2024 5:30am
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  • #9,603
  • May 8, 2024 5:31am May 8, 2024 5:31am
Another example of a weak response to a divergence on the M15. First divergence followed by small candles red and blue mixture failed to cross the EMA and therefore made a LL. Second divergence much stronger with good strong blue candles right over the EMA to make a M15 bull support. Now watching the daily pivot for a target.
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  • #9,604
  • May 8, 2024 7:20am May 8, 2024 7:20am
I'm stopped out for +10
  • #9,605
  • May 8, 2024 7:23am May 8, 2024 7:23am
This move down may be just a hook retest of the div.
  • #9,606
  • Edited 2:32pm May 8, 2024 1:45pm | Edited 2:32pm
This is going nowhere fast. +18 Pips long. H4 divergence not going to cross the EMA just yet so might be a LL on the cards. H4 looking for bear support if that is the case.
M5 Chart.
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  • #9,607
  • Edited May 9, 2024 1:07am May 8, 2024 11:31pm | Edited May 9, 2024 1:07am
I will review how yesterday going for me.
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At 1 i buy as H1 in DIV bull and so is M5. Later i close at 2, at that point, M15 close in RSI extremely + M30 close in RSI bear possible + price at M5 EMA swing level.

I should short at 3 but I'm not do that beacause I see DIV bull at H1 --> price at least reach H1 EMA if i want to short. But look back, H1 in DIV RSI bear + M15 similar, i should take chance here ? But the reward rather small --> maybe not trade that is good ?

At 4, i don't see anything on high time fame --> no trade. So yesterday total is 15 pip
  • #9,608
  • May 9, 2024 3:18am May 9, 2024 3:18am
Bull divs across the board but can't seem to make myself pull the trigger. How about you guys?
  • #9,609
  • May 9, 2024 3:20am May 9, 2024 3:20am
Quoting Fantaburk
Bull divs across the board but can't seem to make myself pull the trigger. How about you guys?
Got a tester trade going short at the moment. Everything looks long tho apart from the higher TF
  • #9,610
  • May 9, 2024 3:27am May 9, 2024 3:27am
Yep m5 can't even reach its EMA. Think you are on the right side
  • #9,611
  • Edited 5:36am May 9, 2024 4:38am | Edited 5:36am
Decided to go for a punt. Price really slowed down and went sideways around H1 HD, thought it indicating bulls are trying to stop the LL.

Stop at BE and time for lunch.

Edit: Grabbed 20 pips and ran. Don't want to be anywhere near it when the news comes out.
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  • #9,612
  • May 9, 2024 8:48am May 9, 2024 8:48am
Hell of a day but scraped together my +2% just about. I need a stiff drink now.
  • #9,613
  • May 9, 2024 11:28pm May 9, 2024 11:28pm
Quoting Fantaburk
Decided to go for a punt. Price really slowed down and went sideways around H1 HD, thought it indicating bulls are trying to stop the LL. Stop at BE and time for lunch. Edit: Grabbed 20 pips and ran. Don't want to be anywhere near it when the news comes out. {image}
Good one Fantaburk, i'm impress how you can entry without wait for close bull to confirm DIV. For every trade of mine, i usually wait at least M5 close bull to confirm DIV and must finish 2 bar test. My trade below
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Yesterday M5 clearly fail HH, i'm look for short and want price at least retrace to EMA M5 before trade but find nothing. Later i'm trade sooner than you a little, buy at 1 but when price touch EMA M5, it show reject so i exit at BE. I saw new DIV bull on M5, but i only re-entry if price finish another 2 bar test, sadly it is not happen

At 3 is another good point i will consider to short, but it is nearly strong news time so better not. After news, i find nothing on HTF so result is BE for today.
  • #9,614
  • May 10, 2024 1:17am May 10, 2024 1:17am
Quoting eliotjng
{quote} Good one Fantaburk, i'm impress how you can entry without wait for close bull to confirm DIV. For every trade of mine, i usually wait at least M5 close bull to confirm DIV and must finish 2 bar test. My trade below {image} Yesterday M5 clearly fail HH, i'm look for short and want price at least retrace to EMA M5 before trade but find nothing. Later i'm trade sooner than you a little, buy at 1 but when price touch EMA M5, it show reject so i exit at BE. I saw new DIV bull on M5, but i only re-entry if price finish another 2 bar test, sadly...
For me the LO move was done, 4 hours down move. (timing)
Then price ran into a bull div on H1 and price stalled, forming a double bottom. m5 started to move sideways for about 1,5h with bull divs. (signal)

Waiting for confirmation of the div with 2 bar test I think is a good practice. I just like to try and get my stops in a favourable spot, and still maintaining a good R:R.
  • #9,615
  • May 10, 2024 3:03am May 10, 2024 3:03am
I might just call it a week at +4% seeing as we are sitting right on the daily EMA again.
  • #9,616
  • May 10, 2024 3:07am May 10, 2024 3:07am
Lost trade today. Figured price failed 3 times to find bear support so went long expecting higher high.
Seems I went to soon.
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  • #9,617
  • May 10, 2024 4:12am May 10, 2024 4:12am
Not seeing any H1 inference as yet. Standing by
  • #9,618
  • May 10, 2024 6:09am May 10, 2024 6:09am
Lets give us guys some inspiration going forward.
5K deposit at 1% interest compounded for a year. This should be easy enough. Let me here you say "we can do that"
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  • #9,619
  • May 10, 2024 8:23am May 10, 2024 8:23am
Quoting 40PipsAlan
Lets give us guys some inspiration going forward. 5K deposit at 1% interest compounded for a year. This should be easy enough. Let me here you say "we can do that" {image}
Seems alright to me.
  • #9,620
  • May 10, 2024 8:26am May 10, 2024 8:26am
Quoting Fantaburk
{quote} Seems alright to me.
And if we was as good as Nala then 2% a day is scary.
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