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Trading the Cable swings via averages

  • #10,381
  • May 9, 2025 9:25pm May 9, 2025 9:25pm
Well had a nice holiday with plenty of fish caught. Maga Mullet using Trump Rump for bait, the Mullet are suckers for this.

Been looking at the cable posts and I have no clue at all what folks are talking about. Some of their charts belong in an art museum, very pretty and colourful whilst remaining meaningless to me.

Yesterday was a great textbook trade and I hope you all made a mint.

Here I have the details for you...
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  • #10,382
  • May 9, 2025 9:39pm May 9, 2025 9:39pm
Quoting Nala66
Well had a nice holiday with plenty of fish caught. Maga Mullet using Trump Rump for bait, the Mullet are suckers for this. Been looking at the cable posts and I have no clue at all what folks are talking about. Some of their charts belong in an art museum, very pretty and colourful whilst remaining meaningless to me. Yesterday was a great textbook trade and I hope you all made a mint. Here I have the details for you... {image}
Good day, Sir. Nice trade yesterday. Regarding your timing, you don't always enter the trade right when the price starts to rise at the bull div. Instead, you might wait and enter later if the target justifies the risk. Am I right?
  • #10,383
  • May 12, 2025 1:18am May 12, 2025 1:18am
Quoting prohaha
{quote} Good day, Sir. Nice trade yesterday. Regarding your timing, you don't always enter the trade right when the price starts to rise at the bull div. Instead, you might wait and enter later if the target justifies the risk. Am I right?
Well, that depends on the timing of the div. If it happens before I get here, then obviously I cannot take it due to my absence.

This doesn't mean I ignore a prior signal. I just have to enter later.
  • #10,384
  • May 12, 2025 8:02pm May 12, 2025 8:02pm
So sad to think that the trade yesterday would have paid well over 100% at 400:1 but these days of just 30:1 I have to settle for far less, about 20%.

The price was travelling just below the 4-hour EMA on the 15 min chart. Then at my time it popped its head above but in divergence and wallop it dropped like a brick from which I made 120 pips.

The thing to note here was that the market was very flat prior to the move. This is always a warning of a big move on the horizon. Also, this was an impulse bar to cross the daily EMA and these also indicate big moves.

Hope everyone made heaps.
  • #10,385
  • May 13, 2025 9:29am May 13, 2025 9:29am
Quoting Roets1
Hi Guys. Not sure where to post this but does anyone have this simple indicator "RSI Arrow" I'm looking for the MQL4 file to make some changes. Regards {file}
did you find the MQL4 file of this indicator if so please share with me i am also trying to build a project on this indicator.
  • #10,386
  • May 22, 2025 4:36am May 22, 2025 4:36am
HD wins the day...........Again!

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How hard can it be?
  • #10,387
  • May 22, 2025 4:39am May 22, 2025 4:39am
And yes, I know there was a bull HD also.
  • #10,388
  • May 22, 2025 5:06am May 22, 2025 5:06am
Gee glad to see some folks are still around. I thought I may be talking to myself.
  • #10,389
  • May 22, 2025 5:42am May 22, 2025 5:42am
I quit now for the day. Here is my analysis of the 5 min chart in full...

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  • #10,390
  • May 22, 2025 6:07am May 22, 2025 6:07am
Hi Alan just reading the thread, and thank you.
  • #10,391
  • May 22, 2025 7:59am May 22, 2025 7:59am
Quoting Nala66
Gee glad to see some folks are still around. I thought I may be talking to myself.
Yes boss. Still here and dying of old age waiting on the daily charts.
  • #10,392
  • May 23, 2025 10:16am May 23, 2025 10:16am
How many did you all get?.......
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Lots of talk about Trumps news but the charts still tell the tale. We can listen to news, but I would always trade the charts.
  • #10,393
  • May 23, 2025 7:58pm May 23, 2025 7:58pm
Quoting 40PipsAlan
{quote} Yes boss. Still here and dying of old age waiting on the daily charts.
There you go. EMA made the HH and price reached the next EMA swing high showing the system works even at this higher time frame. The next problem to solve is how to money manage this with the pull backs being so large. I would just go for 5% with a 2.5% risk. If it makes it over a week then this is still a good return. However, many of the daily targets are much larger and take far longer so the next thing to consider is to add to the winning trade and move the stops to BE when required.
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Notice now how the price has hit the target in bear div so next week we start to look for shorts.
  • #10,394
  • May 25, 2025 8:56pm May 25, 2025 8:56pm
Now the weekly has made the average swing high...

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And the monthly.
  • #10,395
  • May 25, 2025 9:09pm May 25, 2025 9:09pm
The wedge breakout target on the daily is 36126
  • #10,396
  • May 27, 2025 5:47pm May 27, 2025 5:47pm
Hi Alan, hope all is well with you. I have two questions that I'm hoping you'll share your thoughts on. Firstly, is the AB=CD valid as shown on the 1h chart? I did notice that recently you mentioned that if the A peak is in divergence it should not be considered, however, in the attached both potential A peaks are in divergence (first peak rsi-rsi divergent).


Secondly, I noticed in real time a HD at the arrow indicated on the right, however, as price rose the bar "pulled out" of divergence at the high price of the bar (thus it would not be shown as HD on the indicator you use). Would you still consider trading this as a HD as it pulled back to the point just above the pivot being compared as the rsi will once again be divergent at that point. Hope this question makes sense.

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  • #10,397
  • May 27, 2025 10:56pm May 27, 2025 10:56pm
Oops I made a mistake with my daily drawing. The triangle breakout target was the same as the EMA swing high, 1.3530.
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The target is 1.5 x the distance of (a to B) from the breakout.
  • #10,398
  • May 27, 2025 11:34pm May 27, 2025 11:34pm
Quoting Nala66
Oops I made a mistake with my daily drawing. The triangle breakout target was the same as the EMA swing high, 1.3530. {image} The target is 1.5 x the distance of (a to B) from the breakout.
I get the same target for the triangle, however, the ema swing on my charts is at 1.3548 and not 3530. This was from the 23 Feb 2022.
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  • #10,399
  • May 27, 2025 11:39pm May 27, 2025 11:39pm
Quoting Mike3000
I have two questions that I'm hoping you'll share your thoughts on. {image}
1) Yes, this is a valid ABCD triangle (Not AB=CD which is the lightning bolt pattern)
I don't say if A is in divergence, it should not be considered. I say that the pivot it is in divergence with should be considered first because it is a closer target. In this case it hit both,
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Observations... Look below to the left of the div to see if there is a potential B point. Look where I have put the X, this was also a div with a potential B point. The div failed so a HH is expected so we always need to protect ourselves by putting the stop at the div. The second div was retested with the HOOK but I would have made my 40 pips by this time and could regard the HOOK as another trade remembering the two bar test.

2) I don't see a HD there at all.
  • #10,400
  • May 28, 2025 1:51am May 28, 2025 1:51am
Tried a long scalp but stopped at BE+1. 1h had HD at terminal area of AB=CD (and also S1 from pivot indicator) so entered upon 2BT on 5 min. Target would've been swing level at 3514. Moved stop to BE after bull support formed, but pullback got me.


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