Yes, but what I found interesting is that it stopped short yesterday by 1.5 pips. We don't mind getting paid twice for the same deal hey!

Trading the Cable swings via averages

Hi Benepamm. That was my old computer system that I have recently change to an upgrade. The old system was a custom build with two duel video cards making each monitor independent of each other. This was expensive to do many years ago. These days we ...

Trading the Cable swings via averages

If the average is to break these average HH's then I would expect price to make the next level 1.3000. I got my 40 ages ago. image

Trading the Cable swings via averages

4-hour ABCD hit.. image

Trading the Cable swings via averages

Well, that's up to you. What I do is drop my lot size (Just in case it breaks away from me) and scalp a few pips here and there just to keep the account ticking over a tad. It would be a big mistake to up the lot size to make a better profit because ...

Trading the Cable swings via averages

Look to the 4-hour and we have a new ABCD but still relatively tiny. The blue bar is 80 pips wide. image

Trading the Cable swings via averages

Well, that 1-hour ABCD took a while to play out. 33 hours and it was only about 40 pips in distance. Hard to make money in a tight market like that, it requires an entirely different trading approach where brokers make heaps on the spreads. image

Trading the Cable swings via averages

This is where the green supports meet the red resistance so I wouldn't expect too much until one or the other breaks...

Cable Update (GBPUSD)

Yesterday was one of those sad days when price barely moved for any sustained period. On the 1 hour we see price is ranging between the 50% levels of the ABCD. This is causing the EMA to flatline just below a previous average swing high. If price ...

Trading the Cable swings via averages

I see on your chart you missed this HD... image

Trading the Cable swings via averages

You guys need to be careful with shorts. There is nothing bearish about this chart... image

Trading the Cable swings via averages

Me neither I wasn't available. Anyway, well done, nice trade. Can I ask why you waited so long to enter?

Trading the Cable swings via averages

Wind your clock up.

Cable Update (GBPUSD)

You have it drawn correctly. Well done. You will also draw a lot more before you get one that pans out.

Trading the Cable swings via averages

Yes, I have spoken of it before. These wedges have to have certain characteristics otherwise we would be drawing wedges all over the place when clearly this cannot be true. The one I showed was perfect in every detail. These are dealt with in terms ...

Trading the Cable swings via averages

So, we see that price stayed within the D50% and the D150% levels on the 15 min. In other words, price is currently ranging. image

Trading the Cable swings via averages

Here is a new ABCD on the 15 min chart. image NFP soon so take care.

Trading the Cable swings via averages

Anyone get this one... I did. image There is such a lot to learn about analysis one needs to spend a year or so tackling each aspect to get familiar with it. Anyone who thinks they can manage it just by reading something and not practicing it is ...

Trading the Cable swings via averages