Disliked{quote} Now at BE heading for the H1 EMA which is showing signs of divergence as well.Ignored
Trading the Cable swings via averages
- #9,689
- May 17, 2024 1:45am May 17, 2024 1:45am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
Yesterday 5 buy, all got BE. {image} The winner is buy at 6, but i'm miss that
The distance from the entries to the EMA is just not worth the effort.
Price had rolled over to a bear situation indicated by the ABCD prior to your first entry. This ran to the D1 which was against the way you were trading.
That part of the chart should have looked something like this...
You are watering down the analytical process. Short cuts will lead to losses over time.
- #9,692
- May 17, 2024 3:12am May 17, 2024 3:12am
{quote} I simply don't understand this chart at all. It is just showing entry numbers with no reason at all for taking them. The distance from the entries to the EMA is just not worth the effort. Price had rolled over to a bear situation indicated by the ABCD prior to your first entry. This ran to the D1 which was against the way you were trading. That part of the chart should have looked something like this... {image} You are watering down the analytical process. Short cuts will lead to losses over time.
In my experience, if price want to go strong down without support, RSI must go up a little before cross EMA H1. From the way RSI at very deep like this, i expect price may have a strong up OR it must build bear support. If H1 close in bear support, then it is good for strong down and i will hedge that.
- #9,693
- May 17, 2024 3:50am May 17, 2024 3:50am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
With 10 pips profit locked in, this is what I am going for....
If it doesn't make it, no harm done.
If it doesn't make it, no harm done.
- #9,698
- May 17, 2024 2:26pm May 17, 2024 2:26pm
- | Joined Sep 2009 | Status: Trader | 1,425 Posts
bud H4 at esl, bud and hd M30 at a bunch of zoo- levels
- #9,700
- May 18, 2024 5:05am May 18, 2024 5:05am
- Joined Mar 2016 | Status: Trader | 6,378 Posts
All the effort I put in to making a few bob within the red circle. Then with a bull div it takes off for over 50 pips after I had quit for the day.
This has been happening quite a bit lately, the US session is quite lively. That is about the 1500 time on my charts.
It goes to show that both the London and the US sessions can be of importance. If we cannot get paid enough in the London, we can fall back on the US to complete the task.
This has been happening quite a bit lately, the US session is quite lively. That is about the 1500 time on my charts.
It goes to show that both the London and the US sessions can be of importance. If we cannot get paid enough in the London, we can fall back on the US to complete the task.