Trading the Cable swings via averages

Quoting Nala66

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{quote} Well really it is not a matter of decision but of calculated risk. A say bear div should return the price to the EMA but most likely will be in a bull div when it gets there and a price bounce should send it back above the original div so we have a known target distance, roughly. Let's for example sakes call this 20 pips. Should the price cross the EMA it would be far less than 20 pips so the reward to risk is in your favor. However, this only applies to one chart at a time we need to consider what price is doing on both the higher and the...

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Quoting Nala66

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Yesterday was a classic HD. In fact, there was two of them long, but I wasn't on the first one. Check it out on this 15 min chart... {image} See how this follows all my rules... Timing. Entry at the HD div level. Stop below the HD price. Target swing high average or 40 pips whichever comes first. Additional entries upon finding support.

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Quoting 40PipsAlan

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{quote} Problem is Alan. Writing code to detect peaks and troughs. 2 Bull candles followed by a Bear isn't always the peak we need. We can throw in lots of other standard code like stochastic/CCI/RSI but invariably we will always miss some signals.

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Quoting Benepamm

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Another indicator is 26 EMA HH-LL. You can adjust the accuracy of fluctuations. You can set signals when the price reaches a certain level and when the EMA itself reaches a certain level. When switching chart intervals, there is no accumulation of lines. When the indicator is deleted, all lines associated with it are deleted. When the price touches the level, the line becomes dotted. When the EMA itself is broken (at closing), the line is deleted. Optimal starting settings: leftBars = 3 rightBars = 3 PivotEpsPoints = 2.0 For more aggressive marking:...

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Quoting Benepamm

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Another indicator is 26 EMA HH-LL. You can adjust the accuracy of fluctuations. You can set signals when the price reaches a certain level and when the EMA itself reaches a certain level. When switching chart intervals, there is no accumulation of lines. When the indicator is deleted, all lines associated with it are deleted. When the price touches the level, the line becomes dotted. When the EMA itself is broken (at closing), the line is deleted. Optimal starting settings: leftBars = 3 rightBars = 3 PivotEpsPoints = 2.0 For more aggressive marking:...

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Quoting Nala66

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It appears there is some interest in the subject of HD's, so I thought a little more information may be helpful. HDs are usually paired. That is to say a Bull HD is stopped by a Bear HD. However, there is a caveat to this in that the Bulls must find support in order to reach the Bear HD. Here on the 15 min chart are two examples of HD's meeting the caveat and thus making it to the counter HD's. There are also three which do not find support so fail this caveat and thus do not make it to a counter HD. In other words, the SUPPORT of the move is critical...

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Quoting Fiona96

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{quote} Dear Alan, could you help analyze the trading strategy you executed from Feb 20 to Feb 25, 2026? I’m currently having issues with this ranging market on the H1 timeframe. Did you change to trade at 15 Mins timeframe?

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Quoting Nala66

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{quote} Sorry Fiona that chart was just a demonstration of how the HD's are paired and work when support is found. My trade that day was much shorter in both distance and time. I only aim for the 40 pips. Let me try and break this down for you... I have a HD (Entry signal) I have the swing high average some 60 pips away. (I only want 40 so I have a good chance) For me 40 pips are equal 2% profit. My initial stop is 20 pips or 1% loss. I can always add more entries to make a higher profit once the trade is underway and adjust my stops accordingly....

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Quoting Fiona96

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{quote} Can I have some drawing of your trade from 20Feb to 25 Feb ? the H1 is ranging so much this cause me confuse a lot

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Quoting Nala66

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{quote} This is the 15 min chart, not the 1 hour. It shows the HDs and the 40 pip targets which all but one hit.{image} Below are further scratching's I add to the two speed RSI... {image} Some days are better than others. When price is just ranging it can take some time to make the profit. I don't always go for 40 pips. If I can get other lots on then I just close when I make 2%. I hate watching the charts for hours on end. I spend a lot of time watching the Black Ferns playing rugby checking the trade periodically.

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Quoting Fiona96

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{quote} Thank you, I understand, also I have one more question on the RSI window, I also saw some X in black color (your 2nd Picture) what does it mark?

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Quoting 40PipsAlan

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This is a trade from the Book of Nala. Bang on target for +46. {image}

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