I would be asking, what is so special about 15 pips. Has this been tested to be mostly good to use. I watch for the failure to break the EMA and then move the stop to BE. Failure generally means a retest of the div.

Trading the Cable swings via averages

If we look at trading between the averages it was a massive 190+ pips. image The target determines the stop i.e 2:1 This determines the lot size to enter with. The greater the distance the cheaper the lot size. It is only math, expect to win more ...

Trading the Cable swings via averages

There is something about your trading I don't understand. What was your target, this determines the stop and your lot size. A large target like this requires very little to make 2% leaving plenty of money to add to the trade. I had an 80-pip target ...

Trading the Cable swings via averages

The gap finally closed after I went to bed but still a very profitable day.

Trading the Cable swings via averages

I have no idea where the gappage came from, but it hit the 4-hour D1 which was also a 1 hour swing low average. image image

Trading the Cable swings via averages

Yes, sometimes I just have to guess what people are talking about because the actual trades are not shown nor a vertical line to indicate the time. No worries though. I don't mind guessing wrongly. I had to take three trades to make my 40 today.

Trading the Cable swings via averages

Hopefully this is the HOOK forming to retest the bull div on the 5 min. This is why we move the stop to BE+1 because the test may be successful, and we don't want to be caught with our pants down. If the price does turn back up and makes the HH then ...

Trading the Cable swings via averages

Here is another example currently in play... image It is important not to crowd your trade by putting the stop to close. Once we get it to BE+1 we can turn off the PC and check the result later in the day. Sometimes we win sometimes we lose and ...

Trading the Cable swings via averages

I don't understand how on earth you can be stopped out. The target was 58 pips... The stop was 29 pips... This is for a 1% loss v's a 2% win You could risk 2% for a 4% win if you wish. It was not even close to a stop out.

Trading the Cable swings via averages

Hope you turned the scalp into a trade and made big bucks

Trading the Cable swings via averages

I meant to mention the 4 hour has a bear div suggesting a return to the EMA. Too late now as it has now done that.

Trading the Cable swings via averages

Today I don't see any trades of a meaningful value so sitting on hands once again.

Trading the Cable swings via averages

Been setting up a brand-new PC system during this hot weather spell so I have been a tad absent. Only got one monitor running at the moment but just about managing. This is the plotting I have for the 1-hour chart = an ABCD followed by an AB=CD. ...

Trading the Cable swings via averages

If price is below the average and we spot a bull div we opt to enter on IT MUST BE ASSUMED TO BE A SCALP. Therefore, we tread lightly. If the price goes on to find support above the average, then it turns into a trade as now expect it to test the ...

Trading the Cable swings via averages

I think you are confusing finding support with the average. Two different aspects altogether.

Trading the Cable swings via averages

Well, I take that if price crosses and finds support then it should run on to test the next average swing high. So, in this case the bulls could not hold support and thus couldn't make the test of the next average swing high. The devil is in these ...

Trading the Cable swings via averages

You can do whatever you like to do. I am merely telling what I perceive to be evident.

Trading the Cable swings via averages

Maybe this helps clear it up.. image

Trading the Cable swings via averages

See how from the bear HD price ran down to the average swing low. This tells me there are at least 40 pips in the move. See also how the up move was also a bull HD and that there were easily 40 pips to the EMA. For a trade we need to have: Timing ...

Trading the Cable swings via averages

I don't see the bull support? image This may well be a bear support forming now.

Trading the Cable swings via averages