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Trading the Cable swings via averages

  • #10,461
  • Jun 12, 2025 6:12am Jun 12, 2025 6:12am
Quoting 40PipsAlan
What shall we do now? +46 {image}
Hi 40PipsAlan, can i ask what make you sell ? Other than the fact H4 RSI 80 + H1 DIV above EMA swing (look from your order, HD H1 seem more correct) + M5 HD bear ???
  • #10,462
  • Jun 12, 2025 7:10am Jun 12, 2025 7:10am
Quoting eliotjng
{quote} Hi 40PipsAlan, can i ask what make you sell ? Other than the fact H4 RSI 80 + H1 DIV above EMA swing (look from your order, HD H1 seem more correct) + M5 HD bear ???
Is a case of W1,D1,H1 all in divergence so I am expecting a move back to the H1 EMA at anytime. Took a punt on a short which paid off this time. If it goes up then I lose 1% and will have to work harder to recover it. Alan calls it gambling but I call it travelling to work and not much time to study the chart.
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  • #10,463
  • Edited 8:42am Jun 12, 2025 8:28am | Edited 8:42am
Quoting 40PipsAlan
{quote} Is a case of W1,D1,H1 all in divergence so I am expecting a move back to the H1 EMA at anytime. Took a punt on a short which paid off this time. If it goes up then I lose 1% and will have to work harder to recover it. Alan calls it gambling but I call it travelling to work and not much time to study the chart. {image}
Thank you, if so, it is risky for my taste. Just wonder, do you trade long time frame like daily, weekly on other pair or stock ? As the way i saw it, Alan method work pretty good on any TF and symbols. And you seem busy with your travel working --> you don't have much screen time
  • #10,464
  • Jun 12, 2025 9:22am Jun 12, 2025 9:22am
Quoting eliotjng
{quote} Thank you, if so, it is risky for my taste. Just wonder, do you trade long time frame like daily, weekly on other pair or stock ? As the way i saw it, Alan method work pretty good on any TF and symbols. And you seem busy with your travel working --> you don't have much screen time
GU charts is all you need to make a living. Mostly H1 and M15/M5 for entry. Did try the daily charts but died of boredom
  • #10,465
  • Jun 12, 2025 9:53am Jun 12, 2025 9:53am
Quoting eliotjng
{quote} Thank you, if so, it is risky for my taste. Just wonder, do you trade long time frame like daily, weekly on other pair or stock ? As the way i saw it, Alan method work pretty good on any TF and symbols. And you seem busy with your travel working --> you don't have much screen time
You seem to be predisposed to making this much harder than it need be. There is no such thing as trading without risk otherwise we wouldn't need to employ stops.

When adding more pairs into the mix the risk increases because each pair has its own characteristics, one or two methods may not produce the same results. Not only that but the amount of time spent in analysis adds up to a headache we can well do without.
  • #10,466
  • Jun 12, 2025 11:49am Jun 12, 2025 11:49am
Quoting Nala66
{quote} You seem to be predisposed to making this much harder than it need be. There is no such thing as trading without risk otherwise we wouldn't need to employ stops. When adding more pairs into the mix the risk increases because each pair has its own characteristics, one or two methods may not produce the same results. Not only that but the amount of time spent in analysis adds up to a headache we can well do without.
Your method work with any pair. From my experience, your EMA method have 6 stages.

Stage 1: Begin with DIV bull at EMA swing H1
Stage 2: Test EMA H1 ( this stage is difficult for me, i usually loss here if i try to short )
Stage 3: Close above EMA and build support
Stage 4: Sometime not have, but we have retest support and it is very good trade to me
Stage 5: From here, price usually attack EMA swing top, so we can have some scalp short here and long if price return to EMA ( again, good long here, i don't have luck with scalp)
Stage 6: Price reach EMA swing top and in DIV bear --> short. Depend on RSI fast we have, price may change to stage 1 again or just push out of EMA swing to make HH from here.

I try to understand each stage and calculated risk to them, it said H1 but it can be any timeframe, we have those signal, we get down to M5 to find DIV.

But you maybe correct, maybe i'm just complicated things. Next time, i will try focus on what i see on H1, a little view on M15-H4 and have it go with the first DIV i see on M5 + calculate M5 EMA swing target enough or not, put stoploss on and see how this going.
  • #10,467
  • Jun 12, 2025 7:30pm Jun 12, 2025 7:30pm
I really don't understand this. No sooner than the 15-min makes its target then a bomb is dropped on Iran causing people to buy the dollar.

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Perhaps the GBP had to hit first before the buying of the dollar started.
  • #10,468
  • Jun 16, 2025 3:09am Jun 16, 2025 3:09am
Currently long from 3561 but resistance at previous ema swing. Initial stop at -20 pips but now BE. Target is 3601 (next ema swing target at 3618 so within range). Subsequent triangle breakout heading to ~3604.
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  • #10,469
  • Jun 16, 2025 4:40am Jun 16, 2025 4:40am
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Today trade, i saw up move without support bull on M15-30 and H1 have bear support --> try short
Trade 1: Short when H1 close and cover bear support, at that time M5 DIV bear. Stoploss 20 pip.
Result: loss
Problem: should hedge when M30-M15 form support possible + M5 already come back to EMA

Trade 2: Short again when H1 close under EMA swing, and M5 DIV bear tại EMA swing. Stoploss still 20 pip
This time, even H1 can be bull support possible, and M5 reject build bear support and build bull support instead. But we have DIV bear at M15 --> i expect price at least come near EMA M15 at least.
But look like i will have another loss then
  • #10,470
  • Jun 16, 2025 8:21am Jun 16, 2025 8:21am
At long last the wedge breakout has made it. I closed ages ago.

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  • #10,471
  • Jun 16, 2025 11:42am Jun 16, 2025 11:42am
Hi Alan:
We have RSI(14) to dictate divergences or reversals etc, but now additional RSI(5) is applied to it....I wonder if this shorter RSI(5) can be used to interpret Reversal signals? or it is merely for better capturing divergences signals that RSI(14) can not show it up on time?
  • #10,472
  • Jun 16, 2025 5:11pm Jun 16, 2025 5:11pm
Quoting Nala66
At long last the wedge breakout has made it. I closed ages ago. {image}
Alan
What was your higher timeframe bias clues for yesterday's long trade(s)? Personally, I only had a long bias based on the higher timeframe EMAs seeming to head toward long ema swing targets, but there was no higher timeframe divergences or other clues that i could see for long trades around the Frankfurt to London open times.
  • #10,473
  • Jun 16, 2025 9:13pm Jun 16, 2025 9:13pm
Quoting Mike3000
{quote} Alan What was your higher timeframe bias clues for yesterday's long trade(s)? Personally, I only had a long bias based on the higher timeframe EMAs seeming to head toward long ema swing targets, but there was no higher timeframe divergences or other clues that i could see for long trades around the Frankfurt to London open times.
I had plotted the 15 min over the weekend for a wedge breakout long. My plotting was wrong because it got back inside the wedge. This changed the wedge drawing so that I was waiting another breakout. This happened before the European open.

If we then look at the three charts together below, we see the div entry on the 5 min (not taken by me). Then price crossed the EMA and found support my entry was above these supports (The box on the 5 min). This was also about the wedge breakout on the 15 min so the target of 40 pips was on the cards. We also had the swing high EMA to go for (40 pips)
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  • #10,474
  • Jun 17, 2025 12:38am Jun 17, 2025 12:38am
Today H4 seem retrace to EMA and want to be HH
But on H1, it show support bear form and want to go down. Also M5 EMA fail HH before and not LL yet.
So today i will focus on short then
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  • #10,475
  • Jun 17, 2025 1:20am Jun 17, 2025 1:20am
According to the 15-min chart price is ranging so I would not be getting too excited just yet...
  • #10,476
  • Jun 18, 2025 12:41am Jun 18, 2025 12:41am
Yesterday, only 1 buy scalp for 10 pip. Later at 13h i have to work so miss here and big short trade during US session.
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Today, H4 seem build support bear. On other hand, H1 we have DIV bull at EMA swing, currently hook and will come back to H1 EMA soon.
So today focus buy
  • #10,477
  • Jun 18, 2025 7:57pm Jun 18, 2025 7:57pm
Most of the major actions appear to be when I have gone to bed, maybe I will have to change shifts.
  • #10,478
  • Jun 18, 2025 10:37pm Jun 18, 2025 10:37pm
Quoting eliotjng
{image} Today trade, i saw up move without support bull on M15-30 and H1 have bear support --> try short Trade 1: Short when H1 close and cover bear support, at that time M5 DIV bear. Stoploss 20 pip. Result: loss Problem: should hedge when M30-M15 form support possible + M5 already come back to EMA Trade 2: Short again when H1 close under EMA swing, and M5 DIV bear tại EMA swing. Stoploss still 20 pip This time, even H1 can be bull support possible, and M5 reject build bear support and build bull support instead. But we have DIV bear at M15...
hi dear can you share this indicator tradingview txt format please
  • #10,479
  • Jun 19, 2025 12:31am Jun 19, 2025 12:31am
Quoting Rafa745
{quote} hi dear can you share this indicator tradingview txt format please
Hello Rafa745, i don't know what indi you speak, but i'm assume you talk about EMA swing which straight line indi ?
It is not mine, it is from friend of mine, but i will talk to him and see if he permit me to publish on here then.
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Yesterday still bad, i'm not expect news so it take a lot of courage to entry when market run alot and target EMA H1.
I should hedge when price cross H1 EMA, my caution habit at that time appear again. Well, still + 10 pip, so at least cover this week loss.
Today, H4 bear support form and currently down, careful for DIV bull possible
H1 bear support, we still have ABCD target.
  • #10,480
  • Jun 23, 2025 2:46pm Jun 23, 2025 2:46pm
Greetings! I use these channels as additional zoo points. on M5 -channel H1 -N4, D On H1 - H4, D, W ...
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Attached File(s)
File Type: ex4 XCns-fast-2.ex4   20 KB | 235 downloads
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