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Trading the Cable swings via averages

  • #9,781
  • Jun 11, 2024 8:46am Jun 11, 2024 8:46am
Another dire day of ranging.
  • #9,782
  • Jun 11, 2024 3:40pm Jun 11, 2024 3:40pm
Quoting 40PipsAlan
Another dire day of ranging.
There it was clear as day, plenty of pips and missed it all apart from +$25 of it.
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  • #9,783
  • Jun 12, 2024 2:08am Jun 12, 2024 2:08am
Quoting 40PipsAlan
{quote} There it was clear as day, plenty of pips and missed it all apart from +$25 of it. {image}
Maybe you should code it to draw the lines for you to help spot them.
  • #9,784
  • Jun 12, 2024 2:13am Jun 12, 2024 2:13am
Quoting Nala66
{quote} Maybe you should code it to draw the lines for you to help spot them.
Tried that boss. Spotting a top or bottom with code is not so easy and its also not always the previous top or bottom to take into account with divergence. Got it working in a fashion but tricky stuff.
  • #9,785
  • Jun 12, 2024 7:42am Jun 12, 2024 7:42am
Not so exciting when your TP gets hit and price rockets way past due to bad dollar news. +70 Pips today makes up for yesterdays slowness.
It is what it is, profit.
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  • #9,786
  • Jun 12, 2024 8:40am Jun 12, 2024 8:40am
It pays to add little comments on the chart to remind us of what may happen...
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Then at the appropriate time we have something to look forwards to.
  • #9,787
  • Jun 12, 2024 4:08pm Jun 12, 2024 4:08pm
Might be of use to work out the lotsizes.
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  • #9,788
  • Jun 13, 2024 9:13am Jun 13, 2024 9:13am
Dang so close to my target today. One dam pip away before reversing to BE. I hate you GU.
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  • #9,789
  • Jun 13, 2024 2:18pm Jun 13, 2024 2:18pm
A bit late in the day but saw the M15 divergence so put a tester long trade on. Then had to nip out elsewhere so closed it for +6. Come back to find it following the plan. Dang you GU.
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  • #9,790
  • Jun 13, 2024 8:49pm Jun 13, 2024 8:49pm
Trend is down on M15, i try my luck after i saw news can't take price close above bear support. Price close in DIV here and we have target enough for 40 pips.
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  • #9,791
  • Jun 14, 2024 1:40am Jun 14, 2024 1:40am
Perhaps something like this can work today.
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  • #9,792
  • Jun 14, 2024 2:04am Jun 14, 2024 2:04am
it finally got there then. Too much patience required for H1 trading EMA.
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  • #9,793
  • Jun 14, 2024 8:59am Jun 14, 2024 8:59am
I guess we now know the daily target once we get daily bear support!!
180 pips away and I will have died from boredom before we get there.
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  • #9,794
  • Edited 1:45pm Jun 14, 2024 12:41pm | Edited 1:45pm
I guess we are done for the week. +6.16% nice.
Some tough days and some good, will review my weeks performance in a bit to find improvements. Keep at it guys.
+32% on the account since 27th April 2024
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  • #9,795
  • Jun 14, 2024 2:05pm Jun 14, 2024 2:05pm
Looking at todays action I was of the opinion at LO to go long also Fantaburk had similar thoughts, RSi very low and OS. Lots of divergence all the way down and we know if divergence fails to cross the EMA it will make a LL. I really struggle at this point on M5 and M15 of is it a failure or not. The pullback long appears slow and sluggish sometimes crossing the EMA and we think happy days its going up to get blown away for BE or even worse a 1% loss. I am just wondering if Nala has any advice on how to detect an EMA failure. My approach is to get to BE soon as poss and stick a pending short below the turning point in case it turns again.
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  • #9,796
  • Jun 14, 2024 9:10pm Jun 14, 2024 9:10pm
Quoting 40PipsAlan
Looking at todays action I was of the opinion at LO to go long also Fantaburk had similar thoughts, RSi very low and OS. Lots of divergence all the way down and we know if divergence fails to cross the EMA it will make a LL. I really struggle at this point on M5 and M15 of is it a failure or not. The pullback long appears slow and sluggish sometimes crossing the EMA and we think happy days its going up to get blown away for BE or even worse a 1% loss. I am just wondering if Nala has any advice on how to detect an EMA failure. My approach is to get...
I also struggle on days where price keeps failing divs and grinds on. Only seeing reason for price to turn instead of keep going. For sure one of my bygger flaws.
  • #9,797
  • Jun 16, 2024 2:11pm Jun 16, 2024 2:11pm
Quoting Fantaburk
{quote} I also struggle on days where price keeps failing divs and grinds on. Only seeing reason for price to turn instead of keep going. For sure one of my bygger flaws.
I guess the answer for the trading on Friday was take the bull divergence trade which was a loss and take the Trend continuation short trade as shown by M15 bear divergence to recoup the previous loss trade. Easy in hindsight. Being in OS doesn't always mean its gonna turn up soon.
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  • #9,798
  • Jun 17, 2024 3:58am Jun 17, 2024 3:58am
Quoting 40PipsAlan
{quote} I guess the answer for the trading on Friday was take the bull divergence trade which was a loss and take the Trend continuation short trade as shown by M15 bear divergence to recoup the previous loss trade. Easy in hindsight. Being in OS doesn't always mean its gonna turn up soon. {image}
yeah I mean during LO price never even touches the m5 ema, let alone closes above it so the signs where there to see clearly that we shouldn't fight it.
But it is a few days late to think of that today..
  • #9,799
  • Jun 17, 2024 11:52am Jun 17, 2024 11:52am
Similar theme to last Friday. Failed divergence= LL but didnt really get to far before the turn around to get hit for a stoploss. Quickly went the other way and recovered the loss +$3. Try again tomoz. Very slow day but looks like the daily is trying for Bear support.
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  • #9,800
  • Jun 18, 2024 11:28pm Jun 18, 2024 11:28pm
It has been awhile since i saw some clear action like yesterday.
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On M15, i see down trend as price try attack EMA swing below. At time trade, price can't break bear support and in DIV bear --> short and we also have EMA target. On the way down, it finish AB=CD target and in DIV bull --> hedge if want as price can return to EMA, notice we are not finish EMA target yet --> trend may continous go down
Later it is finish our EMA target and in DIV bull in EMA swing level --> EMA may change and attack EMA target above
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