Well actually I think most of the time I get the signals within the 4 hours but sometimes I think news may interfere with my schedule.

Trading the Cable swings via averages

Now, when I look at the daily chart, I can see the failure of the average to make the LL so price is now testing the opposite side. image

Trading the Cable swings via averages

And thus, the task is completed for this day... image

Trading the Cable swings via averages

The trick is to keep it simple. Look at the 1-hour chart below. I have the red vertical timeline on the price chart... This is approximately where I start my day looking for opportunities. On the RSI I have a red box spanning some 7 hours. If I ...

Trading the Cable swings via averages

She is all good, saw her yesterday.

Trading the Cable swings via averages

Interesting how you are applying this to BTC. I have no idea what the minimum expected move is with that, but good on ya for trying it.

Trading the Cable swings via averages

Not quite...The bull support is required below the bear support to take out the bear support. The bulls could not do it. I was away fishing on Friday, but the chart should look like this... image

Trading the Cable swings via averages

Well that took its sweet time about it crossing the EMA. My 4-hour chart looks like this now.... image The first set of HD's failed to cross the EMA and find support. This second lot of HD's has done the business. Now a bull support is needed to ...

Trading the Cable swings via averages

Yes well, I was thinking along the lines of next Tuesday onwards.

Trading the Cable swings via averages

Patiently waiting for the 4-hour to cross the EMA and find bull support. image

Trading the Cable swings via averages

Again, it looks like currency is not the trader's flavor of the month at this time. The 1-hour chart is just bouncing along going nowhere. image What we need is a decent break one way or the other. I am not going to guess which way.

Trading the Cable swings via averages

No trade for me today. I simply regarded the target as being too small. image Sometimes it is better to take a break rather than take a risk.

Trading the Cable swings via averages

As I said the other day, I was waiting for the 15min chart to hit the swing high average. When it did hit, I presume this is where you went short on the bear div signal. I think 1.2666 is what I quoted. image

Trading the Cable swings via averages

Two trades today. One long and one short. image The first one took a long time beginning with the div at the swing low average with a very erratic climb to the target average swing high. It hit the target in div causing the down move to the ...

Trading the Cable swings via averages

Yes, and note the 15-minute chart has not yet reached its average swing high at about. 1.2666. It was stopped short yesterday by a bear div but has not crossed and found support below the average, so I expect some more up move today.

Trading the Cable swings via averages

So tonight, I have the div at D. (Entry) A is the swing high average to break. If A is to be broken, then the price target is P the next swing high average. S is where bull support was found. Our stop is 50% of the D to P distance. image It took a ...

Trading the Cable swings via averages

Let's take a look at the profit/loss situation on that 1-minute chart. The distance from the div to the target is only about 12 pips. Even less say 10 pips when we include the spread. Well in this case there is no way I can make 2% profit because ...

Trading the Cable swings via averages

If we look at the monthly chart, we see the average has remained as flat as a tack for quite some time. No major moves in sight just yet. image Not a lot to get excited about but it has its moments for us to make a few bob.

Trading the Cable swings via averages

Just for a reminder I have done the basic structure on the 1-minute chart. The structure remains the same on any time frame it is just that the duration changes and the target sizes. image

Trading the Cable swings via averages

No point in me going over the past posts I missed, they are long gone now. Thanks for all your well wishes. This is a new year so let's start afresh.

Trading the Cable swings via averages