That H1 EMa level 1.2727 is at the test

Trading the Cable swings via averages

image That first short was on HD but I was too early entering. Price should have come back under the green line first. Then that stop 1t -10 pips could have been tighter. But well.

Trading the Cable swings via averages

39 pips done. 33 from a short and 6 from a hedge. Enjoy the weekend all!

Trading the Cable swings via averages

Terrific MM and a clean path to get the monthly target reached. Thank you!

Trading the Cable swings via averages

I target for 1.2747 first H1 small EMA wobble

Trading the Cable swings via averages

Great analyses Wito. But don't mention me. I am just right on my path, had a hard job on mental issues. I am sure with hard work and experience you'll get there. Keep the risk small until you are comfortable.

Trading the Cable swings via averages

Did you read that somewhere Aerials?

Trading the Cable swings via averages

Thanks a lot for that! Interesting to see that you start the topic of Stops with a disquisition of scaling in and MM. Certainly interested a lot in how you'll go on!

Trading the Cable swings via averages

That's in the pdf and read on from post #2760 for new examples. Alan commented on several ones e.g. drawn by me and he gave several examples himself. It's the best and easiest way to learn them. But it takes you time and effort, sorry

Trading the Cable swings via averages

On the price chart, draw your line at the white MA(1) line. We draw price divergence lines on the close of a bar. That is a correct div you draw. It tells us we can expect price going back to the EMA and possibly further. It did.

Trading the Cable swings via averages

Post #2760 it is.

Trading the Cable swings via averages

Start trading 0.01 lots with one position on a real account. I suggest the 2nd and 3rd entry are for later on. Especially the 3rd. And make many kilometers before you go to 0.02 lots. Read the thread and/or the pdf so many times that you can dream ...

Trading the Cable swings via averages

Maybe it is good to discuss the BE exit if you want to shine your light on this, Alan. I sometimes doubt the relevance of that since it totally depends on the entry itself. Sure we got to get our trade on at a good price. But is a trade wrong when ...

Trading the Cable swings via averages

I don't have an unambiguously answer on that. Sometimes I want to see a bar closed in my favored direction, but often enough I take it earlier to get the trade on as soon as possible, to get the stop tight and the target quicker. Again, Alan may ...

Trading the Cable swings via averages

Hi David, welcome. When the trade works out, it should not make a HH or LL price against. Meaning the stops should be just above the HH or below the LL level. That's for the initial trade when you just enter. Then when the trade is evolving like we ...

Trading the Cable swings via averages

Okay I am off for now. I have to say this tight market is still okay to trade. Just keep focused. I had several trades overall for BE, but then went short at 2540 on H1 bear div and M5 bear HD. That worked, 2nd position, then I missed the H1 bull HD ...

Trading the Cable swings via averages

Sure. That H1 div can bring price back to the EMA. On M5 starting from a div, price has found bull support. Currently forming bear div. That's just below the EMA 1.2539 I'll wait a bit to get more to bar108 I just noticed you wrote that 10 hours ...

Trading the Cable swings via averages

H4 EMA heading to a new LL

Trading the Cable swings via averages

My bonus trade of the day: image image H1 had div between the RSI's at the EMA touch M5 also divergence there. That ZOO worked out. I wonder if you can agree on the green target lines I drew sir.

Trading the Cable swings via averages

Easy to agree on that. Just that these days we cannot expect the 40 pips move from the start of the thread. 40 pips a day, it's there but often not in one move. And 20 to 30 pips is terrific too.

Trading the Cable swings via averages