{quote} I figured H1 bull support was here {image}
Trading the Cable swings via averages
- #10,021
- Jan 14, 2025 4:55am Jan 14, 2025 4:55am
- Joined Mar 2016 | Status: Trader | 6,382 Posts
- #10,027
- Jan 14, 2025 8:11am Jan 14, 2025 8:11am
- Joined Mar 2016 | Status: Trader | 6,382 Posts
If price is below the average and we spot a bull div we opt to enter on IT MUST BE ASSUMED TO BE A SCALP. Therefore, we tread lightly.
If the price goes on to find support above the average, then it turns into a trade as now expect it to test the average swing high and we add to our winning position to compound our winnings and adjust our stop accordingly.
If price is trading above the average and we spot a bull div then this is a continuation of the move, we may place an order with the stop just below the div.
It does happen but rarely that price moves solidly in one direction. This is why we get stopped out if our stop is too close to the action.
News has affected this 1 hour move causing a 30-pip pullback, but it continues to head for the 21165 target with no div to stop it as yet.
If we were worried, we could have hedged the trade to protect the profit and then shorted again.
If the price goes on to find support above the average, then it turns into a trade as now expect it to test the average swing high and we add to our winning position to compound our winnings and adjust our stop accordingly.
If price is trading above the average and we spot a bull div then this is a continuation of the move, we may place an order with the stop just below the div.
It does happen but rarely that price moves solidly in one direction. This is why we get stopped out if our stop is too close to the action.
News has affected this 1 hour move causing a 30-pip pullback, but it continues to head for the 21165 target with no div to stop it as yet.
If we were worried, we could have hedged the trade to protect the profit and then shorted again.
- #10,035
- Jan 17, 2025 12:19pm Jan 17, 2025 12:19pm
- Joined Apr 2019 | Status: Trader | 1,996 Posts
Not a good week, lots of meetings and little screen time. Bit more time today so waiting on the H1 and M15 for a signal. Not much happening around LO that I could see but this appeared just after NY open. looks to be a pin bar Hidden divergence so I am thinking an up move also bearing in mind the daily bull divergence. 
So I go see what the M15 is looking like. Price is making a double bottom at the H1 hidden along with bull divergence. 
And then down to the M5 for entry point. 20 pip stop and 40 pip target give it a shot and see what happens. Got lucky and target hit. Probably news event. 
Not sure if this helps you guys but keep an eye on the RSI5 location being above 70 or below 30 on the HTF like M15 and H1. Is a good indication of direction to come and if you see an M5 support candle in the other direction then look for a target to put a tester trade on.
So I go see what the M15 is looking like. Price is making a double bottom at the H1 hidden along with bull divergence.
And then down to the M5 for entry point. 20 pip stop and 40 pip target give it a shot and see what happens. Got lucky and target hit. Probably news event.
Not sure if this helps you guys but keep an eye on the RSI5 location being above 70 or below 30 on the HTF like M15 and H1. Is a good indication of direction to come and if you see an M5 support candle in the other direction then look for a target to put a tester trade on.
- #10,036
- Jan 18, 2025 4:47am Jan 18, 2025 4:47am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
H1 Signal's for this week after LO (our trade time)
And M5 support areas for trade confirm. All good for a minimum of +40 each. Wish I had more screen time. Thursday first long trade was a loss but recovered with the second long trade. 
And M5 support areas for trade confirm. All good for a minimum of +40 each. Wish I had more screen time. Thursday first long trade was a loss but recovered with the second long trade.
- #10,037
- Jan 20, 2025 2:29pm Jan 20, 2025 2:29pm
- Joined Apr 2019 | Status: Trader | 1,996 Posts
Not so hot today and totally forgot about the US day off so a lack of liquidity I guess.
Missed the short at LO probably because I couldn't see any H1 bear divergence. Bounce off the daily open with a bull divergence so I am thinking long trade coming up.
Check the M15 and we have bull divergence off the daily open line.
I am waiting for M5 bull support to go long, which happens and I put my long trade on. Unfortunately my stop is too tight and price runs into bear divergence and takes me out for a small loss before shooting to the heavens probably a news event. Never mind we take losses as well as wins. I am watching the M15 and we get bear divergence again and I jump in for a short trade to take us back to the EMA. Expecting an EMA cross which doesn't happen meaning Price is going higher so I have a pending buy sitting up there near the last high which gets activated and I close out when I see some exhaustion.
Currently up 2% on the demo this week so far.
Missed the short at LO probably because I couldn't see any H1 bear divergence. Bounce off the daily open with a bull divergence so I am thinking long trade coming up.
Check the M15 and we have bull divergence off the daily open line.
I am waiting for M5 bull support to go long, which happens and I put my long trade on. Unfortunately my stop is too tight and price runs into bear divergence and takes me out for a small loss before shooting to the heavens probably a news event. Never mind we take losses as well as wins. I am watching the M15 and we get bear divergence again and I jump in for a short trade to take us back to the EMA. Expecting an EMA cross which doesn't happen meaning Price is going higher so I have a pending buy sitting up there near the last high which gets activated and I close out when I see some exhaustion.
Currently up 2% on the demo this week so far.
