Again, on the 1-hour chart is my concept of the EMA failures to make HHs or LLs. When the EMA fails to make a HH or LL it will tend to test the opposite side. We can see both the bullish and the bearish examples of this on the chart below. image ...

Trading the Cable swings via averages

Well, I gave others pairs a good go, but I am now back with the trusty GBP/USD. I think because other pairs take such a long time to hit targets, they are very erratic, and this is troublesome for finding entries. Back with the GBP/USD from the ...

Trading the Cable swings via averages

This makes me happy to see... As far as your money management goes, just stick to risking 1% to make 2%+ and when your confidence and account grow you can move on to risking 2% for 4%+. That is what I would do. Perhaps you could show us a chart with ...

Trading the Cable swings via averages

Yes, sorry it was the 5 min. Same thing though looking at the 5 min EMA.

Trading the Cable swings via averages

For the last couple of weeks I have been trading the usd/jpy just for the sake of having a change. I must say I am finding this pair very challenging, it is so erratic in its behavior. The dragon bucks a lot. I think part of the problem is that it ...

Trading the Cable swings via averages

I mean like this... image We should be trying to get in close to the beginning of the move, currently we are looking at a point where a convergence is likely, so we wait. Note this is the 15 min chart so it is the 15min EMA I am looking at ...

Trading the Cable swings via averages

Maybe this will also be of help... Look at the general market and see if we are making HH's or LL's... image This can tell us a lot about the market as to if a currency is strong across the board.

Trading the Cable swings via averages

For me it is an easy choice... When the EMA's are converging it is not an opportunity to trade, it would just be 50/50 guesswork. The key is to be patient and wait for much more definable times. They will come as they always will. At best all we can ...

Trading the Cable swings via averages

I believe that is your daily chart not the 4H... Nice trade though.

Trading the Cable swings via averages

Nice and well done. I cannot for the life of me find any relationship to my daily chart, mine is so different from yours. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> I am giving up on the FIB it doesn't help me at all and just serves to add more work for no ...

Trading the Cable swings via averages

This time looking at the swing high A and the swing low B on the 1 hour. image Price has made the 1.5 x aB. Still waiting to see if it makes the 161.8 of AB from the breakout.

Trading the Cable swings via averages

Oh! dear me, I have made a mistake in the drawing above. That's what happens when I keep drawing and testing to seek answers. The breakout was earlier than this because I have moved the BC line from its origin. The story of the trade is all good ...

Trading the Cable swings via averages

OK, it is still too early in the testing stage, but I think it is time to put some of the findings into text. Still dealing with the EUR/USD here, 15 min chart. The first thing I see is that there is little to no difference in these structures to ...

Trading the Cable swings via averages

Testing other pairs and times and so far, findings are very similar for wedges. This is the 5 min EUR/USD... image

Trading the Cable swings via averages

Well done that man, impressive staying power. Getting a daily average of some 27 pips is really a big deal. I would normally say anything over 11 pips for a long-term trade is a great trade. BUT I cannot wait so long for the trades to come along. ...

Trading the Cable swings via averages