Just got back from picking up kid from work. I had to rush out, so I closed for 10. Glad I did cos I see it made a LL. I missed out on the 5 min bull div long.

Trading the Cable swings via averages

Long at the EMA stop already at BE... We'll see if it pays a few bob.

Trading the Cable swings via averages

Just got paid my 40... image

Trading the Cable swings via averages

Another thing to identify on these runs is the failures. Check these failed divs making HH's. This is why in an uptrend like this any short should be treated as a scalp and the stop should be moved to protect it even for a small loss. image

Trading the Cable swings via averages

Just looking at the 1-hour chart. Where does it look like price and the EMA are heading? image It is important to put the EMA swing levels on the chart to get an idea of the situation.

Trading the Cable swings via averages

What a bull run. The daily made the D target. image

Trading the Cable swings via averages

What on Earth was I talking about yesterday. Why was I confused? Of course, if the EMA is to make a HH from the bull div below, then price should make the next level... Which it did. I was troubled by the bear div but it wasn't at a ZOO level and so ...

Trading the Cable swings via averages

On the 1-hour we have a bear div but it also looks to be testing the average swing high. Glad I am out because I cannot figure this. image

Trading the Cable swings via averages

Did anyone spot that was also an AB=CD. I didn't. image

Trading the Cable swings via averages

We can now see on the 1-hour chart it is going to take a long time to set up a new ABCD. We could be looking for smaller signals on the lower time frames or indeed there is a much larger one on the daily of which we are at the 50% of the D level ...

Trading the Cable swings via averages

And by the time I posted that it made it.

Trading the Cable swings via averages

Nearly there but I am done for the day. image

Trading the Cable swings via averages

Yes, that indicator seems to draw strange ones. It is the first close across the EMA which is the C point. A is the Apex of the triangle but should not be a divergence. B is the bottom of the triangle not in divergence. B and C, A and C should ...

Trading the Cable swings via averages

Many? I only use one.

Trading the Cable swings via averages

It should be obvious that if the EMA's are bunching up we have no trade and need a break away. image

Trading the Cable swings via averages

Here is a couple of 4-hour examples for those still not following this. It begins with a signal of hidden divergence (HD). Now we hope price runs back to the EMA, crosses and finds support and then run on to test the lower average swing low. This is ...

Trading the Cable swings via averages

The trick is to put what we know into reading the potential future movements of price action. All the moves on the chart are made by reason of what has gone before. Our task is to interpret this into profits. When you see a div ask what is going on ...

Trading the Cable swings via averages