At the very least, there is a webcam in my room somewhere watching what trades I make, and just when it will hurt the most, they press the "OPPOSITE TO THE NOOB WITH EXTREME FORCE" trade button
Look at that last run on M5 and put up the 25sma, you can see clear entry points to the flowing river at 5190, 5184 and now at 5164.
This is one way of looking at a trade, put up the sma, wait for the river to start flowing and wait for slowdowns to jump in as long as the PA does not cross the PA to the opposite direction, you are looking pretty good for 20-30 pips at a time on cable during London session.
Another way is looking for a range to form on M15 and enter at the breakout of a solid close of the M15 candle beyond the range, put up a 25sma along side of it to make sure the ma is pointing you in the right direction. That would have been the short at 5227
Another simple way to trade with 25sma is wait for a crossing of the PA through the 25sma and follow the run. That would have been 525, however you need to have a clear sense of direction first before taking this, I took it as a long this morning based on other ma's (wrong)
The above is a very simplified start of a trading plan, it will take a lot more to finetune that and we haven't even covered exits or MTF's. For now use the opposite of the entry as an exit. Play with this on demo and see how you get on.
Then post some of your entries here and give us a chance to jump all over you.
Also watch wormy, magix and malcolm and try to find some snippets in their trading strategy that may help you. Cable is fun but it takes a bit of time to figure her out.
