This is fine what you are testing here it is a matter of moving your stops because the price didn't make or break the EMA so it is going to make lower lows. Try putting the 1hr levels for the ABCD on the 5 min to get a better picture. Like this... ...

Trading the Cable swings via averages

Not a good place to trade at this time, very iffy for up or down as price tries to break the average and bears try to stop them.

Cable Update (GBPUSD)

That was a quick ABCD today.

Trading the Cable swings via averages

Hope you took that 4hour down to 2077 it got there exactly to the pip. Should help pay for the car problem. I don't see any signals on any time frame at this time because they take a day or two to setup. Can I ask why you are thinking 2130?

Cable Update (GBPUSD)

As indicated there on the chart the lower level is 1.20770.

Cable Update (GBPUSD)

I would keep an eye on the 4H it is showing plenty of room for the bears.

Cable Update (GBPUSD)

What can I say that I have not repeatedly said before. I'll just post the chart and shut up.... What do I know!

Cable Update (GBPUSD)

Zoo points are simply zones on the 1 hour chart where you expect something to happen that you can trade. This may be bear divs as in the chart below but it can also be touches of the EMA or divergence between the fast and slow RSI's. If you think ...

Trading the Cable swings via averages

You are looking for the wrong divs. Trading below the EMA you should be looking for bear divs not bull.

Trading the Cable swings via averages

This is true as the pound continues to get hammered down. Best bet is to look for bearish divergence and expect price to make the LL between those diverging points. Let's say on the hour charts these targets are some 50 pips or so then your stop is ...

Trading the Cable swings via averages

Sorry cannot help you with that, I was waiting to see if anyone else could.

Trading the Cable swings via averages

See this 5 min chart for example.... image The first (red one) failed the test because it didn't close above it. The second (green one) passed the test closing above it. The stop goes below the bar being tested. The div should return the price to ...

Trading the Cable swings via averages

OK. Let me see if I can sort this to make sense to you. We have determined a target price of X so we apply a risk level of half X. So we have a reward to risk level of 2 to 1. It is the appropriate lot sizes over these distances determining these ...

Trading the Cable swings via averages

This is a cool tool. I like how it gives the prices at the levels and calculates the lot size to place. This saves a lot of calculation. Very nice, thanks, I think I will get a lot of use out of this.

Trading the Cable swings via averages

This is how it works, The 5 min EMA is failing to make a HH so it should test the opposite side. (SHORT) It doesn't matter where we take the short as long as the risk is half the measured reward. Then we can add to the winning trades as it breaks ...

Trading the Cable swings via averages

I don't know how you set about your trading. I place pending orders.

Trading the Cable swings via averages

It's one thing to attack the next lower low average but to do it so quickly is not common at all. I suspect it was because the averages were too bunched up and a good break was needed. image It managed this level almost to the pip.

Trading the Cable swings via averages

The 1 hour EMA's are squashing together. Better to sit this out.

Trading the Cable swings via averages

Checking all the time frames is a must do.

Trading the Cable swings via averages

The Div was very clear on the 1 minute chart?

Trading the Cable swings via averages