I last posted in this fine thread (and FF) on 21 February 2020. Crikey time flies... Alan set me on the path to an intensive study of "price action" -- and in a much broader and significantly more helpful sense than just candlestick patterns (the ...

Trading the Cable swings via averages

I haven't posted in a long time (been lurking, though!), but that was an excellent post and summary of this fine method. Thanks Alan Cheers

Trading the Cable swings via averages

Hi bridgstarr, I'll let Alan comment further, but my initial thought is that H1 price at Point 1 was below the EMA and in a down-trend, so you should only have been looking for shorts on M5. Counter-trend divs are higher risk and often only return ...

Trading the Cable swings via averages

Hi Alan, could you please show where you entered on the 5 min? Cheers

Trading the Cable swings via averages

That sums up this brilliant system in a nutshell

Trading the Cable swings via averages

Alan, sometimes it blows my mind just how much valuable information and hard-won education you are providing in this thread, entirely for free. I think about all the charlatans, scammers and swindlers who sell their high-priced "secrets", many of ...

Trading the Cable swings via averages

I agree! Your recent posts were superb, Alan. They really offer great insight into your approach and helped to make some further things 'click' for me. Many thanks Cheers

Trading the Cable swings via averages

I think the lesson is this: if you're ever in doubt, hedge (but only winning trades). Cheers

Trading the Cable swings via averages

Hi bridgstarr, can you show the 1H HD you are referring to? Cheers

Trading the Cable swings via averages

Hi bridgstarr, here's my take: Went short at point 1. I saw there was an earlier opportunity to get in, but that was before I was at the computer. The rationale was that the H1 and M5 EMAs were making LLs, and there was bearish support on M5. A ...

Trading the Cable swings via averages

Nice! By the way, I think the C point in your purple ABCD should be the lower pivot (close of the big bull bar). Cheers

Trading the Cable swings via averages

Alan, this is great, thank you. Do you use any other shapes to determine AB=CD patterns? Cheers

Trading the Cable swings via averages

Hi quangvision, I'm inclined to disagree. Alan often posts charts showing the inferences and targets for his trades. Sometimes he also posts progress updates while he's trading. It almost sounds like you're saying the thread is unattractive to ...

Trading the Cable swings via averages

Hi Alan, going on what you've said previously, the second entry is the riskiest, as it represents twice the risk of the first, but the third entry is about the same risk as the second due to the already accrued (unrealised) profit from the first two ...

Trading the Cable swings via averages

Hi Alan, this is brilliant - are you willing to share the spreadsheet please? Cheers

Trading the Cable swings via averages

Were you short and then hedged at the bull div? Cheers

Trading the Cable swings via averages

Like clockwork! Nice job Alan

Trading the Cable swings via averages

Excellent, thank you

Trading the Cable swings via averages

Alan, is this correct? Cheers Edit: Whoops! Wrong pivot. I've re-uploaded the chart. image

Trading the Cable swings via averages

So I believe there were three opportunities to get into this bull move. In order: 1) Regular div (green) 2) Hidden div (purple) 3) Bull support (arrow) image

Trading the Cable swings via averages