We now have an ABCD formed on the hour chart so maybe that will help. I have made 30 pips for the day so I will quit with that.

Trading the Cable swings via averages

Also, on the 4-hour chart you posted there were 5 different divs to take advantage of...

Trading the Cable swings via averages

Sorry I did miss the question! Here is the 15-min chart. The part we are looking at is inside the red box. Also added is the risk reward ratio of 1:2. image As for the horizontal lines. I use a red one to mark the past swing high average and a ...

Trading the Cable swings via averages

I see what is going on with your chart. You are using the two speed RSI to look for HD's. You should be using the historical RSI. It is because the divergence is hidden that we have to look at the total repainted moves of the RSI to see if it was ...

Trading the Cable swings via averages

There was a bull RSI div on the 1-hour but it was harder to spot....

Trading the Cable swings via averages

What do you mean by template. It is just using the EMA's and RSI

Trading the Cable swings via averages

On the 4-hour chart the div has returned price to the EMA, which it is supposed to do. However, it failed to cross and find support. There is a good chance this may now make a LL, but I wouldn't hold my breath for such a long period.

Trading the Cable swings via averages

We see at the appropriate TIME. We have a bull div on the 4-hour chart. On the 5-min we see the SIGNAL to go long with about a 60 pip TARGET. On the middle chart (15-min) we see additional confirmation. If the average is to break A then price should ...

Trading the Cable swings via averages

As I have said many times in the past hidden divergence is a great way to trade. Just look at the options here on the 1-hour chart... image We can also see that price is banging its head on the 2-hour EMA. Each HD has at least made it back to the ...

Trading the Cable swings via averages

OK we have a bull div in this case, it should at least return price to the EMA which is in itself quite a few pips for the taking, some 40 pips or so. This is best viewed at the 5 min level where we see a bull div take price back to the 1-hour EMA. ...

Trading the Cable swings via averages

Remember a divergence only returns the price to the average, if it doesn't then it will make a LL (in this case). What you are hoping for is that not only does price make the EMA but also crosses it and finds support to take it back the average ...

Trading the Cable swings via averages

Nice to see you admit to being an idiot....

Cable Update (GBPUSD)

Here you go... image

Trading the Cable swings via averages

Yep, and that is scary if price runs to the next average low 2234. Not a chart to hold your breath on hey!

Trading the Cable swings via averages

Did you all guess correctly on the 4-hour chart??????? image

Trading the Cable swings via averages

The higher the time frame the longer it takes for the charts to set up. Guess what this 4-hour chart is going for? image A bull divergence could easily stop it.

Trading the Cable swings via averages

I hope that last post was not too much of a headache. Take a look at this 15-minute chart and then reach for the tablets. image

Trading the Cable swings via averages

This is a big question but maybe a refresher is needed. Glad you picked the 1-hour chart because there is not too much to explain there. The first this is I use a red horizontal for the average tops and a green horizontal for the average bottoms. I ...

Trading the Cable swings via averages

I had it a tad different... It was also in div on the 5 and15 minute charts.

Trading the Cable swings via averages

I assume by 0.5% lot, you are saying you use half your stake and add the other half later? If so, that is fine being a low-risk entry.

Trading the Cable swings via averages