Alan, I'm the opposite today to you because of a second 1H bearish HD followed by regular bearish div at 3190 at 5 min. Hedged at 3171.

Trading the Cable swings via averages

Nice Alan. That 1H bearish HD mucked up my bias for the first trade.

Trading the Cable swings via averages

Out at BE. Bullish support holding.

Trading the Cable swings via averages

All true but I have an ABCD (1h) that has lower targets. Shorted at 3183 upon regular div on 5m. Will look to hedge when appropriate.

Trading the Cable swings via averages

4H, 1H both above EMA but we had bearish RSI div on 4H that hasn't returned to ema yet. Looking at 1.31773 on 1H for possible bearish HD in which case I'll look to short on 5m.

Trading the Cable swings via averages

I also had doubts Jazz and so didn't trade the long either. Nothing wrong with that as we learn with every day that goes by. However, in hindsight and on my chart, the 4H did find bullish support with the 04h00 4H bar completion, and several 1H ...

Trading the Cable swings via averages

Interesting HTF's today as 4H has bull support while 1H has series of bear div's.

Trading the Cable swings via averages

4H below Alan. Tried to redraw that daily divergence but still cannot get a touch using my data feed. image

Trading the Cable swings via averages

Thank you for this Alan. Daily chart is a right royal mess at the moment. I have another recent bullish continuation divergence (in pink) with similar bullish targets as the earlier bullish continuation divergence. image

Trading the Cable swings via averages

Bar 108 is not a rule but just an indication of when volatility generally picks up. You are correct about bullish regular divergence on the previous 1H bar.

Trading the Cable swings via averages

Your entry was very late. Suggest you go through Alan's posts on this thread until you get a handle on this.

Trading the Cable swings via averages

Target hit. May even reach 3021 (5 min EMA swing low).

Trading the Cable swings via averages

Alan explains stops with a chart here ( url ).

Trading the Cable swings via averages

There was an HD at 8:10 but 1hr EMA level was beyond 10 pips so left it.

Trading the Cable swings via averages

Three stages of shorts at 1.3083 (5 min OB at 1hr EMA level), 1.3075 (2 bar test) and 1.3072 (felt right), currently hedged at 1.3047 because of OS 5 min.

Trading the Cable swings via averages

This post ( url ) explains well but many examples were given by Alan subsequent to this. Once you grasp the structure you can evaluate today's 1H chart and see why Alan had 2960 as a potential target.

Trading the Cable swings via averages

Bulls now have support on 1H.

Trading the Cable swings via averages

Very nice wilyno thank you. Only comment I can make is when drawing the lines then the indicator should be looking for the first occurrence of a div. In the chart below the red dashed lines were drawn by the indicator and it was seemingly looking ...

Trading the Cable swings via averages

Ha! I can think of many adjectives to describe you Alan but thick is certainly not one of them!!

Trading the Cable swings via averages

1H ABCD (yellow) and AB=CD (blue). Possible ZOO point if C behaves until trading time. image

Trading the Cable swings via averages