I just go with what I understand Alan's advice is, which is first entry stop at -10 pips, at second entry bring stops to 1st entry BE (although I do tend to keep total risk at $50 at this point as well), then third entry bring stops to 2nd BE.

Trading the Cable swings via averages

First stab for today H1 bullish divergence with price just above MA, and after 2 bar test. m5 entries after bullish divergence, and bull support (entry 2) at 1.2870, 1.2874, and 1.2875. Stopped out. Here are the charts with my entries. 1H image 5m ...

Trading the Cable swings via averages

That sucks. Balmy 23 in Perth.

Trading the Cable swings via averages

Missed it. Definitely a skill that needs practice.

Trading the Cable swings via averages

Very nice Alan. Wasn't in this as H1 wasn't clear to me, but lessons learnt and will be all over similar situation in future.

Trading the Cable swings via averages

Not seeing much on H1 at the moment. Alan, would you try scalp these situations with a stage 1 entry where H1 is indecisive but m5 has divergence? image

Trading the Cable swings via averages

Yep, RSI divergence forming on 5m so taking the 37 for today. Hello beer o'clock.

Trading the Cable swings via averages

Oversold on m5 so hedging now. image Hedge out at BE. Stops to 1.2892

Trading the Cable swings via averages

G'day traders. Newbie to this great system by Alan. My entries (tad early) below for the first attempt today. Firstly, the hourly had bearish divergence. image Entries on m5 image

Trading the Cable swings via averages

Just want to thank Davit, fibo, Sniper, Solecrusader, Tamarind, Liam, and others for making this a great thread and showing the way. Have been hired by a large prop firm after going through their vigorous vetting procedure (including an exhausting ...

Pivot Trading

BOC decides to raise rates!! Hope nobody took positions against CAD as discussed in previous posts. I rather put money into stubborn EUR for nice gain. Interesting how NK situation does not rank as much as many would hope. image

Pivot Trading

I'd be patient before taking this one mate. Canadian economy is really good right now and there is a real chance of interest rate increase by BOC this week. Anything can happen of course but beware of fundi's. Good trading to you.

Pivot Trading

I think this is what separates people who can trade for a living and those that can't. Getting over the mindset of earning x dollars per day/week/month vs earning dollars with an edge over time. Never nice to "lose" money but trading is essentially ...

Pivot Trading

Excellent insights in this and your previous posts. Thanks SC.

Pivot Trading

Let this ride ADP and GDP as tight stops were in place. Working out nicely so far. image

Pivot Trading

Best of luck to you. Trade according to Davit's rules and you'll be fine in the long run.

Pivot Trading

Out of this now - September will be interesting and will be much about US rates decision. image

Pivot Trading

August results for me below using only this system. Don't mind sharing all info because I think Davit deserves credit and respect for unselfishly giving us this gem. Granted it is not a massive account but it's live and funded with hard earned cash. ...

Pivot Trading

Still holding UC. Bearish since BoC seem hawkish and interest rate may increase sooner rather than later. Bias (USD in general) might be affected by Jackson Hole utterings though!! image

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Cashing in on accumulation and then turn at R61. image

Pivot Trading