Trading the Cable swings via averages

Quoting eliotjng

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Asian40pips, can i ask assume your entry is at 1,2 and 3. Where will you put your stoploss ?? At the highest point of DIV bear ?? If in that case, trade 1 will lose, right? {image}

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Quoting eliotjng

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Thank for explain Asian40pips For me, Friday i'm BE, but total week, i loss 2 trade as i mention before. I have predict down correctly that day but seem can't find a way to entry H1 HD bear, I go down M5. M5 have DIV RSI bear, but i don't like the it form. I think it alway better if the push down to for DIV should be on same side of EMA. So i wait for HD or DIV bear on M5, sadly nothing appear here. Maybe i will consider combine with your strategy, short when bear support form on M5. {image}

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Quoting 40PipsAlan

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{quote} I think a major key to this strategy is having the right Target in mind on the H1. This gives us the stop and Lotsize for entry on the M5. In this picture from Friday we have Bear support candle along with an ABCD levels 50% and 100% along with the H4 EMA. There is also bull divergence showing up. The theory goes "if the H1 makes a bear support then it will retest the last EMA level". In this case 1.25918. Then we have "if it doesn't retest the last EMA, then it will make a HH. My puzzle is are the H4 EMA and 50% level target enough at 15...

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Quoting eliotjng

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{quote} Thanks 40PipsAlan for guide. Today H1 have bull DIV you said before are in work. Price push through EMA but seem can't find support bull yet. Still, on H1 we still have a little ABCD target left, so maybe today will go up attack ABCD before go down ? But i still open with the option price will HD bear and return back to H1 EMA. {image}

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Quoting Nala66

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This thing is continuing to range between the 50%/50% on the 1-hour chart. {image} Nice range for pips though, the grid is 40 pips wide.

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Quoting eliotjng

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Yesterday still in BE {image} Today Daily in DIV bear under weekly EMA --> still short bias. H1 already finish EMA target and ABCD and push down under EMA by a HD bear. Now maybe it try to form bear support. Situation look similar to yesterday, the problem is, will it build bear support and successful holding that support? Or just another HH ?

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Quoting Nala66

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{quote} This was very well described, hope you held to that short direction. This happens from time to time. Price hits the D of an ABCD then turns and tries for the D1 a complete change of direction. {image}

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Quoting Nala66

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{quote} This was very well described, hope you held to that short direction. This happens from time to time. Price hits the D of an ABCD then turns and tries for the D1 a complete change of direction. {image}

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Quoting prohaha

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{quote} Once again, we are simply waiting for the price to react to the ZOO points created by the ABCD pattern. Thank you, Nala.

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