That's why we need to practice a lot to develop reflexes and gain a sense of the market. As Alan says, the stop loss should not exceed 1% of the account, and he won't let losses reach that level if he realizes he's wrong. This technique cannot be ...

Trading the Cable swings via averages

I took that trade as well but closed it at the EMA26 on H1 with a 20 pips+ (I was busy). At first, the price made a fake move at the 50% D level, but I entered with an excellent R:R of 1:3, just as outlined in the textbook. Thank you so much, Sir! ...

Trading the Cable swings via averages

Due to my daily work, I didn’t take those trades, but the chart below is just for study.

Trading the Cable swings via averages

GU finally reached the 1.3000 level, Sir.

Trading the Cable swings via averages

Sit on your hands. The price keeps being rubbish now.

Trading the Cable swings via averages

What should we do in a tight market?

Trading the Cable swings via averages

I'm on your side. Get on bear div at ZOO = EMA26 h1.

Trading the Cable swings via averages

Random Musings: I particularly love the “V” pattern. Yesterday, when observing the charts of the GBP/USD, BTC/USD, and XAU/USD, I noticed they all shared the same scenario: at the start of the London session, the price dropped sharply with two H1 ...

Trading the Cable swings via averages

I had just sat down to observe right after the price had moved and formed a setup. Initially, I expected it to be a scalp, but it had turned into a trade.

Trading the Cable swings via averages

Anyone get this?

Trading the Cable swings via averages

Please correct if I'm wrong, sir. Honestly, I don't know how to precisely determine point C to make the wedge.

Trading the Cable swings via averages

It's the first time you are sharing that knowledge. Please provide more details, sir, or maybe I remember incorrectly, and you have mentioned that knowledge before.

Trading the Cable swings via averages

Click and search what you need in red square.

Trading the Cable swings via averages

I only identified one swing; maybe it's a swing level on the Weekly = 29406 (As my broker showed it). Please correct if I'm wrong, sir.

Trading the Cable swings via averages

At the ZOO (D target on the Daily chart), there was a bearish divergence at the top of the M5 chart, so we expected the price to make EMA26, and it did. After that, the price has already formed a bear support, so we can expect a significant downward ...

Trading the Cable swings via averages

Besides, I missed this:

Trading the Cable swings via averages

Because of the differences between brokers, my D1 chart shows that the price hasn't reached the D target yet ^^

Trading the Cable swings via averages

Don't be hard on yourself, sir. You are human, not a robot.^^

Trading the Cable swings via averages

Yesterday was a tough day because my work wasn't going very smoothly, so I couldn't sit in front of the screen to monitor the price action. Now, let's look at the Daily chart. It appears that the price is heading toward the swing level of 27505 and ...

Trading the Cable swings via averages

Oops, I meant there are many ABCD patterns I could draw. I use an indicator that shows some ABCD patterns that are different from yours, and that confuses me, sir

Trading the Cable swings via averages