Des, your indy painted this ABCD? I believe the C is in the wrong place. image

Trading the Cable swings via averages

possible AB=CD to get price to the 31530 image

Trading the Cable swings via averages

again same old..... image

Trading the Cable swings via averages

Thx Des, looks helpful

Trading the Cable swings via averages

Hocius i think you mean those dashed lines, just the fib tool set to 0/0,5/1/1,5/2 where the 0 and the 2 are the D-levels and 1 is the C

Trading the Cable swings via averages

yes you told me we can choose, need to remind that. Thx Alan

Trading the Cable swings via averages

once i see a continuation divergence and A and C are at the opposite side of the EMA 26 i draw my ABCD with the MT4 triangle tool. I use the fib tool to project the D levels.

Trading the Cable swings via averages

completely wrong this morning, went short at rejection EMA H1, bear support H1, EMA M5 swing and 50% from ABCD M5 (so that was my ZOO to enter a short) while the M5 made a bear div and i believe H1 was also making one. I had my stop a few pips above ...

Trading the Cable swings via averages

image your bull divergence hitted a ZOO in HD on the M5 and bull div on the H1 and M5, made an ABCD on the M5 and got the D

Trading the Cable swings via averages

I only got this but was in and out my desk, arrows should have been my entries, H1 HD for the bull side image

Trading the Cable swings via averages

that's an old quote from Alan? search in the eclipse on top and you will find there "ready to use" templates.

Trading the Cable swings via averages

so agree let there be a bullish H1 divergence (the first one), so from that point on we are searching on the M5 to find a bullish setup ( we are not purely entering on the H1 divergences only but from that point on we are looking on the M5 to get us ...

Trading the Cable swings via averages

Asoriga, the H1 sets up the ZOO points, gives us inference, but the M5 provides the entry. Take a look at post 474, maybe that can explain it a bit.

Trading the Cable swings via averages

you saw the H1 HD my time is up, cu

Trading the Cable swings via averages

price projections M30, 50% level is the same as the last price low on the H1 image

Trading the Cable swings via averages

morning Jazz. price almost reached that EMA swing 29472 with a bear div H1 and a HD M5, shorted that

Trading the Cable swings via averages

Indeed Asoriga, if taken that would be a looser. And for the HD, that explains it, my apologies

Trading the Cable swings via averages

price retraced to the EMA H1, formed a HD on the M5 at that point followed by the drop to the lower EMA swing levels, retraced 50% and completed the AB=CD image

Trading the Cable swings via averages

is the H1 EMA going to break the 29931 or are the bulls going to stop it?

Trading the Cable swings via averages

sorry Alan but I don't have that ABCD image

Trading the Cable swings via averages