Couple of things to point out here for your edification (nice word). And yes, you are getting good at this. image

Trading the Cable swings via averages

No, you beat me that time. I had quit by then. Well done for your tenacity.

Trading the Cable swings via averages

Not sure about the going back on the bounce. To me that is in the lap of the gods. Here is the daily AB=CD for those who don't understand... image Note the only div that counted was after the target was hit.

Trading the Cable swings via averages

Made the 1-hour ABCD now what? image Have to wait a tad and see what sets up.

Trading the Cable swings via averages

Another bad day, another loss. Here is how i trade yesteday image I'm busy yesterday so i miss our trade time, price is too near EMA H1 So my first order is at 1, i buy due to M5 DIV bull and got stoploss I re-entry at 2, my target is 2454, the ...

Trading the Cable swings via averages

I don't really like to talk about the money aspects, but what I can tell you is that... For each $21.67 of profit, I have lost just 1dollar You do the math.

Trading the Cable swings via averages

For those still trying to get a handle on this... For the average to pass A the price should reach B on this 5-min chart. image This is my main trading method. Hence trading the average swing levels.

Trading the Cable swings via averages

Well overnight I see the4-hour has found support and is still on track to the target level... image I only made a total of 23 pips yesterday. It was so slow. After a slow market day, I am always wary that a bigger move is in the making.

Trading the Cable swings via averages

Ha, beat ya, I got 16. Looks like the 4 hour is trying to find support.

Trading the Cable swings via averages

Yep, there was quite a bit going on with the 1-hourchart yesterday which I didn't pick up on... Both the ABCD and the AB=CD were the same target level image

Trading the Cable swings via averages

This is what I was looking at before going to sleep last night on the 4-hour chart. image I was expecting to see the target hit by now, however maybe it needs more time.

Trading the Cable swings via averages

I had 1.24464 and it has definitely hit that now.

Trading the Cable swings via averages

Gee that push was 1 pip off my TP but I have closed now anyway. Whoops no it wasn't my red line was a tad too high. image Note how the EMA is trying to break the red line level that price reaches the next red line level.

Trading the Cable swings via averages

Sorry I don't know, I don't trade them.

Trading the Cable swings via averages

You might find a pair that is somewhat in line with the time you have available. It doesn't have to be currency, take a look at gold for example. Whatever it is, if you can capture just 10 pips a day you will be well ahead of the long termers.

Trading the Cable swings via averages

The daily pivots such as the S1 S2 etc are supplied by your broker in the tool list. Mine is called Auto Pivots. I then remove the ones I am not interested in. I am at a loss to understand why you cannot see targets for today. Look at the15-min ...

Trading the Cable swings via averages

Here is the workings of the 5-min chart today... image If you cannot get the required pips from this then you are doing something wrong.

Trading the Cable swings via averages

1) Yes, the 108 bar is about the London open and is the time I start to look for trades. I am in Australia, so it is about teatime for me round about 5pm depending on daylight saving. 2) Anything to do with long term trading is very inefficient as ...

Trading the Cable swings via averages

Ha, make no mistake I am completely unconventional in my approach to trading. I have read the books and conclude the authors just want to sell those books. Mostly they rehash the same old same old. This would serve to explain why so many traders ...

Trading the Cable swings via averages

Yep, these are all good. Now because this is the 4-hour chart we treat these divs as ZOO points. Zones Of Opportunity and we drop to a lower time frame to trade them. Dropping to the 5 min chart we would identify an entry and would see a trend in ...

Trading the Cable swings via averages