Nope, it ran into a bull HD again. That changed into a regular bull div which it will probably push through to the D1 Only about 4 pips to go so don't get excited.

Trading the Cable swings via averages

That 5 min chart just gave us a 10-pip bear HD followed by a 10-pip bull HD and again followed by a 10-pip bear HD. Money for old rope as it heads for D1 maybe.

Trading the Cable swings via averages

I got my 40 pips off the 15 min HD at the daily pivot. I also just got back another 20 pips because the market was foolish enough to take 10 pips from me earlier. How dare they!

Trading the Cable swings via averages

I missed this signal. It is too hot here my eyes are sweating. image

Trading the Cable swings via averages

Watch out for the previous signals they may still be in play. image

Trading the Cable swings via averages

There we go it hit the minus side of the AB=CD and bounced short.

Trading the Cable swings via averages

Actually, this looks promising. Price usually makes such targets before the NFP is given. So watch for a strong move towards it later on.

Trading the Cable swings via averages

There is an old saying... "If you want a million-dollar account, then begin with two million"

Cable Update (GBPUSD)

This was it... image

Trading the Cable swings via averages

My stops are now so tight I may get stopped out before it gets there. OH OH OH so close....... BINGO

Trading the Cable swings via averages

1.2467 is my target...nearly there

Trading the Cable swings via averages

Yes, I have something similar in my spreadsheet. All I need do is alter my account balance and this gives me my info instantly.

Trading the Cable swings via averages

Today I have no targets other than to call this 4 hour an AB=CD. I would wait to see if the price can make the average LL. image The averages are being squeezed together which may be down to the NFP today. Anyway, the word is take care. When I ...

Trading the Cable swings via averages

I used to do this constantly calculating my lot sizes for the distance to travel. It is a pain to do, and market moves whilst doing it. This is why I resolved this problem with my 20:40 target so my lot size always remains the same at least for the ...

Trading the Cable swings via averages

Just a thought... Maybe you can find a code to keep your trailing stop a couple of pips above the average. That way on a good run like this you wouldn't be stopped out. The downside to that would be in a choppy market you would be stopped out.

Trading the Cable swings via averages

See how many 5 min divs there were until it hit the 1-hour ABCD1

Trading the Cable swings via averages

Easy Day today... image

Trading the Cable swings via averages

This is what I should have done but I deviated from the standard plan. (IDIOT) image As we see I would have been fine and done and dusted much earlier.

Trading the Cable swings via averages

I had a similar earlier problem. image

Trading the Cable swings via averages

This is an excellent example and should be self-explanatory. It starts by dipping your toe in the water at the div with a target in mind being the testing of the opposite average level. Now for this to happen the div should cross the EMA and price ...

Trading the Cable swings via averages