If we look at the daily chart, we see exactly what we are looking for. An ABCD to give us a target. A Bull div to take us there. A swing high average to aim for to make a HH average. The bulls have found support image

Trading the Cable swings via averages

Yep, off your chart there were 2 BE trades but I counted 8 winning trades. The bullish HD was a whopper shown with the magenta line. image I am not sure I should count HD's because you have to be there to see them in real time.

Trading the Cable swings via averages

In all cases it is 50% of the target price. If we are looking at a potential target of 150 pips and this equals 4% then our initial risk is 75 pips i.e. 2%. Now this does not have to be set in stone since we can always add to a winning trade and ...

Trading the Cable swings via averages

So, this becomes my first rule of divs... 1) The div will usually return the price to the EMA. It is not written in stone so we must back up the trade by moving the stop to BE for protection. A more difficult trade is the bounce off the EMA ( a ZOO ...

Trading the Cable swings via averages

Then we have to consider what is a trend trade anyway. Look at this daily chart and see all the trades taken are counter trend trades of which only one was a loser (if the stop wasn't moved) image Now we with the time and opportunity on our hands ...

Trading the Cable swings via averages

I think you have completely missed the point here. In a trending market such as the example shows it is difficult not to make a profit. However, how did this bot know a trend was on, it could simply have ranged up and down for some time costing ...

Trading the Cable swings via averages

I would imagine this is a problem for many thousands of people, but I have never found a problem where a solution cannot be found. I could write a whole book based upon this one sentence, but let's not hey! The trouble is I cannot solve for X ...

Trading the Cable swings via averages

If you guys show the trade and reasons you took them then perhaps we can solve your losing problems.

Trading the Cable swings via averages

Why did it look oversold yesterday... Look at the 5 min chart and see the div at the average swing low level. A good place to exit methinks. image There were three good entries on this trade, I took the third. What we look for is the EMA direction ...

Trading the Cable swings via averages

Closed for 30 pips price looks too oversold to me.

Trading the Cable swings via averages

Yep and this RSI bear div on the 5min just paid me 35pipas and still holding it. Stop at +20 pips

Trading the Cable swings via averages

I was long and made a small loss. I have now recovered it and I am 14 cents up for the start of the week. Whooppee! Keep those losses small so as to easily recover them. There are plenty more trades to have a go at. Whereas adding to a losing ...

Trading the Cable swings via averages

Mmm, never been good at guessing.

Trading the Cable swings via averages

Since it is Monday let's do a top down to see what's going on... The monthly chart is still holding bullish, hopefully trying to break out of that narrow average we have been stuck in for so long now. The weekly chart has retraced almost back to the ...

Trading the Cable swings via averages

The daily average is pushing for a HH... image Can the monthly finally break from this darn tight average range? image

Trading the Cable swings via averages

Bit better today but very slow... 6 hours whew!

Trading the Cable swings via averages

I got a few pips on that break down but nothing to write home about hey!

Trading the Cable swings via averages

After failing to make the HH and running into a bear div price has returned to the EMA and crossed to form an ABCD. However it is stuck between the C point and the 50% of D1. We need that break out.... image

Trading the Cable swings via averages

Nearly there guys... image I wonder if it will try to test the next level at 3105?

Trading the Cable swings via averages

[quote=Coreg2004;14930464] ... url These are the eight levels of controls by Saul Alinsky to transform a nation through socialism into communism. /quote] I don't have a clue who this author is but having just read these dot points of rubbish I ...

Cable Update (GBPUSD)