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Trading the Cable swings via averages

  • #9,701
  • May 20, 2024 2:49am May 20, 2024 2:49am
Went too soon hoping that the LO opening in bull divs on several timeframes would take it to h4 ema swing level.

Not optimal stop level either.
Weekend was perhaps too long with festives here in norway. Onto the next one.
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  • #9,702
  • May 20, 2024 3:47am May 20, 2024 3:47am
My bias is short at the moment. Missed the first M15 drop to the H1 EMA due to work. Now waiting.
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  • #9,703
  • May 20, 2024 1:49pm May 20, 2024 1:49pm
Well today is going well.........Not.
  • #9,704
  • May 20, 2024 8:55pm May 20, 2024 8:55pm
Quoting 40PipsAlan
My bias is short at the moment. Missed the first M15 drop to the H1 EMA due to work. Now waiting. {image}
My view is similar to 40PipsAlan, i'm think about short due to H4 is too far from EMA and in DIV bear, so it may go down
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Trade 1: When M15 finish build support, i shot at 1. I saw H1 in DIV bull, but it just a few pip move, not worthy to hedge, just move to BE and got kill here
From here, price move sideway so i leave wait for US session

TRade 2: H1 in DIV bull, buy on M5. But M15 show DIV bear + M30 close under EMA, i don't like that so i move to BE and seem i got hook out.

So BE again.
  • #9,705
  • May 20, 2024 9:49pm May 20, 2024 9:49pm
Quoting 40PipsAlan
Well today is going well.........Not.
What time of the day are you normally trading? (GMT will do)
  • #9,706
  • May 20, 2024 10:15pm May 20, 2024 10:15pm
Yesterdays...
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Where I closed my first long, I should have shorted, but I was waiting to see if the bulls found support to take it longer.

Note this was a double bottom for the averages before it took off long.
  • #9,707
  • May 21, 2024 12:32am May 21, 2024 12:32am
Quoting Nala66
Yesterdays... {image} Where I closed my first long, I should have shorted, but I was waiting to see if the bulls found support to take it longer. Note this was a double bottom for the averages before it took off long.
When you trade HD's on m5, when do you decide to enter? When it has snaps back, on bar close or as soon as you see it?
  • #9,708
  • May 21, 2024 2:05am May 21, 2024 2:05am
Quoting Nala66
{quote} What time of the day are you normally trading? (GMT will do)
Yo boss,
I am travelling to work at LO and don't get to see a proper PC chart until 8am GMT when I get to work. I get a glance or 2 from MT4 mobile to see what's happening before that but try not to trade from the phone screen
  • #9,709
  • May 21, 2024 2:40am May 21, 2024 2:40am
Quoting 40PipsAlan
{quote} Yo boss, I am travelling to work at LO and don't get to see a proper PC chart until 8am GMT when I get to work. I get a glance or 2 from MT4 mobile to see what's happening before that but try not to trade from the phone screen
I see. That is tough. I find it difficult even with 4 large monitors to see all that is going on. On a phone I would find it impossible.

Even the US session is difficult for you about 1pm your time.

I have a solution, move to a more civilized country, though I cannot think of one just now.

My wife and daughter are in the UK just now travelling here there and everywhere.
  • #9,710
  • May 21, 2024 2:43am May 21, 2024 2:43am
OK guys remember the rule. If the div does not make the EMA, it is probably going to make a HH (LL)
  • #9,711
  • May 21, 2024 2:47am May 21, 2024 2:47am
Whooopeee I just made 3 pips
  • #9,712
  • May 21, 2024 2:54am May 21, 2024 2:54am
It doesn't like that last daily EMA swing point at 1.27177 but it keeps trying.
  • #9,713
  • May 21, 2024 3:53am May 21, 2024 3:53am
Quoting 40PipsAlan
It doesn't like that last daily EMA swing point at 1.27177 but it keeps trying.
My longer-term thinking is that it will break that level and push onto the next at 2839. But this is the daily and a lot can happen over such a time span.
  • #9,714
  • May 21, 2024 4:04am May 21, 2024 4:04am
The tick chart is showing not much interest as it keeps stopping.
  • #9,715
  • May 21, 2024 4:29am May 21, 2024 4:29am
Today was rather difficult. No trades for me
  • #9,716
  • May 21, 2024 4:51am May 21, 2024 4:51am
Quoting Fantaburk
Today was rather difficult. No trades for me
Three for me but done now...Tooo Slowww.

Blue is test entry.
Red is stop
X is exit.
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I don't suppose the market will stand for these small moves much longer.

I am still expecting a break long....
  • #9,717
  • May 21, 2024 5:01am May 21, 2024 5:01am
Quoting Nala66
{quote} Three for me but done now...Tooo Slowww. Blue is test entry. Red is stop X is exit. {image} I don't suppose the market will stand for these small moves much longer. I am still expecting a break long....
Yes a bit frustrated I didn't catch that last bull div myself really.
  • #9,718
  • May 21, 2024 5:06am May 21, 2024 5:06am
Quoting Fantaburk
{quote} Yes a bit frustrated I didn't catch that last bull div myself really.
Mmmm, that was the most important one being four things...

1) It was indeed an RSI bull div
2) It was at the daily pivot.
3) It was at the last average swing low.
4) It was at the 1-hour EMA.

All these ZOO points.
  • #9,719
  • May 21, 2024 7:11am May 21, 2024 7:11am
Quoting Nala66
{quote} Mmmm, that was the most important one being four things... 1) It was indeed an RSI bull div 2) It was at the daily pivot. 3) It was at the last average swing low. 4) It was at the 1-hour EMA. All these ZOO points.
Yep putting them point by point its clear as day and making it the most annoying one to miss out on for sure.
  • #9,720
  • May 21, 2024 8:23am May 21, 2024 8:23am
Hopefully NY is bringing more luck.

Bull HD on m5 & m15 in the region of 50% H1 ABCD-level.
Looking for that H4 swing level if it allows.
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