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Trading the Cable swings via averages

  • #10,281
  • Mar 11, 2025 4:39am Mar 11, 2025 4:39am
Yep. H4 Bull divergence here. Is trying for a HH
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  • #10,282
  • Mar 12, 2025 12:31am Mar 12, 2025 12:31am
Yesterday loss a lot, as Alan and 40PipAlan mention, i notice H4 build DIV bull too late.
Today both daily and H4 in DIV bear, --> return EMA? In H1, currently bear stop by bull support, and price try to build bear support ?? I think trend is down today.
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  • #10,283
  • Mar 12, 2025 1:56am Mar 12, 2025 1:56am
Quoting eliotjng
Yesterday loss a lot, as Alan and 40PipAlan mention, i notice H4 build DIV bull too late. Today both daily and H4 in DIV bear, --> return EMA? In H1, currently bear stop by bull support, and price try to build bear support ?? I think trend is down today. {image}
I see on your chart you missed this HD...
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  • #10,284
  • Mar 13, 2025 12:14am Mar 13, 2025 12:14am
Quoting Nala66
{quote} I see on your chart you missed this HD... {image}
Thanks Alan, I appreciate your feedback. Yesterday still in loss. I try to short while all signal all above EMA, bad decision.
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Today H1 build bull support, retest and make new HH. After a HD bear, it return to EMA, H4 seem to have HD bear, too. Now maybe price will fall down to EMA swing level? Or make a new HH and go down ?
  • #10,285
  • Mar 13, 2025 7:41pm Mar 13, 2025 7:41pm
Yesterday was one of those sad days when price barely moved for any sustained period. On the 1 hour we see price is ranging between the 50% levels of the ABCD. This is causing the EMA to flatline just below a previous average swing high. If price can break this then we are on the way to 1.300 being the next level.

Price has also left behind several swing low levels within a 100-pip distance so we could test these on a pullback.

It should be noted that after a period of low movement we see a period of great activity so be aware. I suspect it will drop a tad because the market makers need to attract sellers if buyers intend to take advantage of bargain prices to take price higher.

That is the 1 hour but when we look at the daily, we see a strong indication of a good bull run to the 1.300 because the EMA is trying for the HH.
Check it out...
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  • #10,286
  • Mar 14, 2025 6:54pm Mar 14, 2025 6:54pm
Well, that 1-hour ABCD took a while to play out. 33 hours and it was only about 40 pips in distance. Hard to make money in a tight market like that, it requires an entirely different trading approach where brokers make heaps on the spreads.

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  • #10,287
  • Mar 14, 2025 7:15pm Mar 14, 2025 7:15pm
Look to the 4-hour and we have a new ABCD but still relatively tiny. The blue bar is 80 pips wide.

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  • #10,288
  • Mar 14, 2025 8:17pm Mar 14, 2025 8:17pm
Quoting Nala66
Well, that 1-hour ABCD took a while to play out. 33 hours and it was only about 40 pips in distance. Hard to make money in a tight market like that, it requires an entirely different trading approach where brokers make heaps on the spreads. {image}
What should we do in a tight market?
  • #10,289
  • Mar 15, 2025 7:59am Mar 15, 2025 7:59am
Quoting prohaha
{quote} What should we do in a tight market?
Well, that's up to you. What I do is drop my lot size (Just in case it breaks away from me) and scalp a few pips here and there just to keep the account ticking over a tad.

It would be a big mistake to up the lot size to make a better profit because if it does break away from me, I could potentially lose more than I would like.
  • #10,290
  • Mar 17, 2025 3:11am Mar 17, 2025 3:11am
Sit on your hands. The price keeps being rubbish now.
  • #10,291
  • Mar 17, 2025 8:10am Mar 17, 2025 8:10am
4-hour ABCD hit..

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  • #10,292
  • Mar 17, 2025 8:16am Mar 17, 2025 8:16am
If the average is to break these average HH's then I would expect price to make the next level 1.3000.

I got my 40 ages ago.

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  • #10,293
  • Mar 17, 2025 2:24pm Mar 17, 2025 2:24pm
Greetings, Alan.

I carefully study your art of trade, thank you very much for your great work.
I have a question. In post No. 8 294, you talked about four monitors that you use for trading. You could not tell how your monitors are tuned, what are you watching at the same time, how are they tuned?
I believe that when working with one monitor, I have to switch to other windows, and switching during trading affects the prompt decision of the decision.
If it does not complicate. Thank you.
  • #10,294
  • Mar 17, 2025 8:41pm Mar 17, 2025 8:41pm
Quoting Benepamm
Greetings, Alan. I carefully study your art of trade, thank you very much for your great work. I have a question. In post No. 8 294, you talked about four monitors that you use for trading. You could not tell how your monitors are tuned, what are you watching at the same time, how are they tuned? I believe that when working with one monitor, I have to switch to other windows, and switching during trading affects the prompt decision of the decision. If it does not complicate. Thank you.
Hi Benepamm.

That was my old computer system that I have recently change to an upgrade.

The old system was a custom build with two duel video cards making each monitor independent of each other. This was expensive to do many years ago.

These days we have much better options like my current system.

I am viewing a Lenovo monitor and PC combined connected by WiFi. I have not finished setting it up yet (lazy me) and have yet to connect the other three matching monitors also Lenovo. These simply connect via USB from a USB hub. This whole system cost about 25% of what I paid for the old system many years ago. I must say I am very pleased with this setup. I can easily move it around to anywhere I have a power point as long as I stay in range of the WiFi.

Anyway, on this currently single I am viewing the 5m, 15m and 1-hour charts all the time. Then like you I have to bring up the higher time frames to view those. I only view these higher time frames when do my daily analysis. If I see a target on the higher time frame, I put a horizontal line for it on the 1-hour and put what it is in the description so when I mouse over it, I know what it is for. For example, "4-hour average swing high".

Does this help?
  • #10,295
  • Mar 18, 2025 3:40am Mar 18, 2025 3:40am
Quoting Nala66
If the average is to break these average HH's then I would expect price to make the next level 1.3000. I got my 40 ages ago. {image}
GU finally reached the 1.3000 level, Sir.
  • #10,296
  • Mar 18, 2025 3:46am Mar 18, 2025 3:46am
Quoting prohaha
{quote} GU finally reached the 1.3000 level, Sir.
Yes, but what I found interesting is that it stopped short yesterday by 1.5 pips.

We don't mind getting paid twice for the same deal hey!
  • #10,297
  • Mar 18, 2025 4:12am Mar 18, 2025 4:12am
That's me done for the day.

32 pips long, then took the short when the 5 min made a div at the 3000 level. Another 12 pips.
  • #10,298
  • Mar 18, 2025 4:38am Mar 18, 2025 4:38am
Quoting Nala66
That's me done for the day. 32 pips long, then took the short when the 5 min made a div at the 3000 level. Another 12 pips.
Due to my daily work, I didn’t take those trades, but the chart below is just for study.
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  • #10,299
  • Mar 18, 2025 6:47am Mar 18, 2025 6:47am
Quoting prohaha
{quote} Due to my daily work, I didn’t take those trades, but the chart below is just for study. {image}
This is good reading of the chart. Exactly the way I do it. If I don't see the move, I just don't trade period.

I recall when I was working, I was using a laptop which was forever shutting down by the time I got back to it. Restarting with bated breath not knowing if I was up or down driving me nuts. One time I was travelling with a trade on and lost the signal for about 4 hours... I lost a lot of money that day with no stop in place.

The best thing is not to mix work with trading. Just make do with the hours you have available.

Anyway, you seem to have a good handle on this now. It doesn't hurt at all to keep practicing and reviewing tactics.

Edit... With that ABCD you have on the 5 min I would make A the pivot before the div...
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  • #10,300
  • Mar 18, 2025 7:05am Mar 18, 2025 7:05am
Price just made the D1. It was also on the 15 min chart and made that too.
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We bide our time, plot and plan then take the shot whenever we can.
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