Here is an example of getting the trade started in the form of a diagram... (without the words)

Trading the Cable swings via averages

Here is an example in diagram form of getting the trade started... image

Trading the Cable swings via averages

Yes, and the 1% loss is a maximum. Mostly it will be something like 0.25% or even BE+1 providing the target distance is a 40 pip plus distance. Again, though we can only get what the market gives and if we have to settle for a 1% profit then so be ...

Trading the Cable swings via averages

At last, now I can solve your HEDGE problem. If you are at all worried about the trade stick a HEDGE on it. If the HEDGE goes on to stop out your original trade the HEDGE wins. If the original trade turns to stop out your HEDGE then your trade wins.

Trading the Cable swings via averages

Sorry I have been so long, but I cannot find the reference to this in any of my books, I know I have read it in one of them. You cannot continue to infinity. You can no longer trade when you cannot cover the cost of a lot. There is stuff missing ...

Trading the Cable swings via averages

My initial target is 40 pips and having moved my stop to the div I may be risking just 5 pips or just 0.25%. Risking 0.25% for a gain of 2% is a risk reward of 1:8 Adding to my trade can compound the trade to 1:20 easily.

Trading the Cable swings via averages

Kerrect. I enter with target and stop. Move stop to just short of the div. Then move the stop again to BE+1 as price approaches the EMA. Then start to look for additional entries. I may extend my target if time permits.

Trading the Cable swings via averages

I say all the EMA's but that is not correct because each EMA corresponds to a different time frame, we may be just testing that time frames average.

Trading the Cable swings via averages

No, we don't wait. We have already waited for the EMA's to bunch up. We look for the signal to start them spreading again. If we are wrong, we lose a little bit. If we are correct, we compound the winnings. We want to see a bear div take it across ...

Trading the Cable swings via averages

3) We need to consider when to trade and when it is wiser to not do so. For example, if price is trading at the EMA of the higher time frames, then it just becomes guesswork as to which way it will move. Break or bounce. Often there is a power ...

Trading the Cable swings via averages

OK I am back and see no questions so far.

Trading the Cable swings via averages

I think we need a little discussion on profit potentials because it is all very well to plot an annual outcome, but the reality is often quite different. 1) There are many days throughout the year I simply do not trade. I am looking for all the ...

Trading the Cable swings via averages

This move down may be just a hook retest of the div.

Trading the Cable swings via averages

I'm stopped out for +10

Trading the Cable swings via averages

image

Trading the Cable swings via averages

First trade no good. Second trade did OK. image

Trading the Cable swings via averages

This tight range is woeful, will look in later to see if US makes a difference. image

Trading the Cable swings via averages

image There you go at last

Trading the Cable swings via averages

Yep, found it. For some reason I can't post the screenshot.

Trading the Cable swings via averages

I have run out of bull targets; the next one is a mile away about 100 pips or so.

Trading the Cable swings via averages