Hope everyone is on the bear HD... image I bailed out at the daily pivot because I got a visitor.

Trading the Cable swings via averages

Welcome Adnan. This is not so much of a strategy but rather a method of reading the charts to determine signal entries, target distance and stop for risk management. This is not something you can master in a few minutes of reading. You have to study ...

Trading the Cable swings via averages

I only traded this bit yesterday. In the red circle. image The big move came whilst I was sleeping.

Trading the Cable swings via averages

I'll call it quits there so you guys can concentrate.

Trading the Cable swings via averages

The tick chart is barely moving, not much interest. Price is bouncing off the C of the ABCD image

Trading the Cable swings via averages

If this current bear HD fails then you may make that average swing high

Trading the Cable swings via averages

I can't draw fast enough to keep up... image

Trading the Cable swings via averages

I hope you closed.

Trading the Cable swings via averages

I guessing you are just in profit?

Trading the Cable swings via averages

I don't tend to get any of those because I lock in a few when the price allows me to.

Trading the Cable swings via averages

Check out the short term 15-min... image A hidden div at the ZOO point.

Trading the Cable swings via averages

Just take a look at the monthly and despite all the swings up and down the market has kept the average in a 70-pip range. This has been going on for months now. When is it going to break out? image

Trading the Cable swings via averages

The point of identifying these bigger moves is that if we are not all the time long, we could be looking at a serious drawdown if not protected with stops. Now as 40 said above we could be looking at a bull support forming to take price to an ...

Trading the Cable swings via averages

Back to the use of hidden divergence... Here on the daily we have the red line, but it has chopped into the pivot shown so that cannot be divergence. But look at the green line it just made it past the pivot when according to the history of the RSI ...

Trading the Cable swings via averages

44 wins and just 7 losses. That is just over 6 wins for each loss. I just thought it would be interesting to measure my performance something I normally don't do. Keeping stats like this just adds to the pressure of trading by adding an additional ...

Trading the Cable swings via averages

Last day of the month and I have just made my monthly profit target. Yesterday's wins and losses made a huge difference to my ratio of profits for losses. It ended up it cost $1 for each $5.96 of profit. Still, that gives me a baseline to improve ...

Trading the Cable swings via averages

Actually, I lost a tad yesterday and then made it up again. I wasn't going to mention that though.

Trading the Cable swings via averages

Yep, difficult to trade with price on the daily EMA!

Trading the Cable swings via averages

I use it to measure the distances for the AB=CD because it quickly gives me the levels.

Trading the Cable swings via averages

Kerrect (not) The first one was HD., you had no problem with that. The second one was in regular bear div but it failed (expect a HH). Look what happened with that expected HH. It ran into a bear HD. image Let me explain this a little.... This RSI ...

Trading the Cable swings via averages