I would ask why are you trying to go long in a downtrend? You should be selling at the bear div signals not buying at the bull div signals. Thinking the price will turn is not evidence, it is simply in your mind.

Trading the Cable swings via averages

It always pays to review what the market did each day and compare it to the scriptures I have posted if only to keep me honest. As you are all well aware my trading revolves around the 26 EMA's and the swing levels they create Then couple this to ...

Trading the Cable swings via averages

Actually, an AB= CD almost gets it there on the 4 hour. image But knowing our luck with guessing it will probably shoot south instead.

Trading the Cable swings via averages

Yes, but this is the first time the EMA is testing that level. If the average breaks, then price could run to the next level (2906) about 100 pips.

Trading the Cable swings via averages

NFP perhaps!

Trading the Cable swings via averages

Probably need news to move...

Trading the Cable swings via averages

Look what the daily is doing...

Trading the Cable swings via averages

Yes but then we look to the next target being the 4 hour and BINGO that gets hit too... image It is almost 2am for me but I just had to log in to see if it made it. Back to bed, nite nite.

Trading the Cable swings via averages

Nope I am looking at this 1 hour target... image It would be very nice if it breaks this average swing high to run to the next level.

Trading the Cable swings via averages

I moved my stop to the daily pivot and got stopped out. Seems to me to be a difficult level to pass. Still a nice profit for the day. image

Trading the Cable swings via averages

I think you mean Bull support on the 5 and 15. This is to be expected for a pull back to happen. Of course, if the 1 hour stops the EMA from getting lower then all bets for a short are off.

Trading the Cable swings via averages

Back to the 1 hour we see the average is trying for A so the price should try for B... image Since this is the 1 hour, we look for the short signals on the lower timeframes to take us down to the distance.

Trading the Cable swings via averages

Back to my 5 min chart we can see much clearer how if the average is to pass A then price should reach B. image I don't hold any bias towards any particular direction. I simply respond to the signals given and plot the potential target. Then do ...

Trading the Cable swings via averages

My ABCD was a tad different on the 1 hour. X1 and X2 were in divergence so I didn't take those as the A point... image

Trading the Cable swings via averages

I had this marked on my 15 min chart, but it took two days to get there... image

Trading the Cable swings via averages

Did you have an eye on the 4 hour ABCD? An entry at the lower time frames at A would have shown the best trade was long. It hit D giving a 3:1 win. image Other than that, the week was weak especially compared to the previous week. We can only take ...

Trading the Cable swings via averages

Mmmm, that was the most important one being four things... 1) It was indeed an RSI bull div 2) It was at the daily pivot. 3) It was at the last average swing low. 4) It was at the 1-hour EMA. All these ZOO points.

Trading the Cable swings via averages

Three for me but done now...Tooo Slowww. Blue is test entry. Red is stop X is exit. image I don't suppose the market will stand for these small moves much longer. I am still expecting a break long....

Trading the Cable swings via averages

The tick chart is showing not much interest as it keeps stopping.

Trading the Cable swings via averages

My longer-term thinking is that it will break that level and push onto the next at 2839. But this is the daily and a lot can happen over such a time span.

Trading the Cable swings via averages