No more targets that I can see other than the weekly which has a long way to go. Sit it out now and await new signals.

Trading the Cable swings via averages

We have a huge ABCD on the 4H now with the top at 273 and the bottom at 249.

Trading the Cable swings via averages

I wasn't sure if this was an ABCD (4H). The green candle was right on the EMA. However, I went short at the 50% D and a few hours later got paid 90 pips. It May well test the daily EMA, but I am done for today.

Trading the Cable swings via averages

The only Elliot wave I would be interested in is where Billy waves goodbye to his family on his way to the school of ballet. Waves are easy to see in hindsight because we can pick and choose from a variety of past patterns to find those that suite ...

Trading the Cable swings via averages

Can any of you determine when the B to A occurs or the A to B if a downtrend. I have looked at many trading systems/methods but cannot find anything even close to solving this.

Trading the Cable swings via averages

With the 4H ABCD's we can observe a few lessons... When the 4H EMA is above the daily EMA price does not go to the D1 level When the 4H EMA is below the daily EMA price does not go to the D level. There are always some exceptions to this rule, but ...

Trading the Cable swings via averages

You will recall I said the daily was in bear div so we expect it to run to the EMA. Trouble with these trades is they take so long. I was in the trade for over 100 hours with my stop sitting at BE. It either makes it or it doesn't. Can't sit around ...

Trading the Cable swings via averages

Nice bolt down on the 4H to the D!...Perfecto as Shakira would say. image And it all started from a bearish HD at the very top.

Trading the Cable swings via averages

Thanks for reminding us that there is no corruption in the USA. What with 1% of the population in prison. 2% more have been there. The other 97% are on the waiting list.

Cable Update (GBPUSD)

My 4H looks like this at the moment... image We can see the bear div at the top, but it was the HD's that produced the better moves. Short of the 4H giving us any more entry signals we have to resort to trading below the EMA we are short. The one ...

Trading the Cable swings via averages

Looks like price is heading for the 4H D target. It would be well in bear divergence if it makes it.

Trading the Cable swings via averages

Well, there we go, we got the ABCD when I went to bed.

Trading the Cable swings via averages

Yes, and we had a nice HD on the 4 hour also with a nice yield back to the EMA. I was expecting a new ABCD but alas that hasn't happened yet. image Trading is not so difficult when we determine what is happening on the chart and trade accordingly ...

Trading the Cable swings via averages

Why should this be news since we know you are full of it.

Cable Update (GBPUSD)

See how those HD's came in handy again for 30 pips. image Well worth keeping an eye out for.

Trading the Cable swings via averages

Price on the 1 hour just hit the D target from the 6th Nov. image That was a bit long winded hey!

Trading the Cable swings via averages

As an aside I do have a new one on the 4 hour which has made the 50% level of D. image

Trading the Cable swings via averages

Yes, this is a problem with charts from 4 hour and beyond. Brokers do close at differing times and in a volatile situation this could be a big difference.

Trading the Cable swings via averages

On the 5 min chart we see the EMA taking out the lower levels as price reached the next level. Business as usual. image The trouble is that it didn't happen on my watch. I had to settle for several smaller trades earlier.

Trading the Cable swings via averages

Yesterday's move was nice as it hit the 1-hour D level in HD a great ZOO point was produced yielding far more than the required 40 pips. image Keep an eye out for the Hidden Divs they pay well.

Trading the Cable swings via averages