Well, that was a fairly sad twenty days for the ABCD's with only 6 signals given. image Currently on the hour it looks like the average is trying for a HH but the next level is way up at 1.308 about 250 pips away. So, will the bears stop the bulls ...

Trading the Cable swings via averages

Busy trading today...

Cable Update (GBPUSD)

I am much more comfortable using the average swings as opposed to using ABCD's. These are just additional indicators to me.

Trading the Cable swings via averages

Exact hit of the D1 on the hour. Small target for such a length of time.

Trading the Cable swings via averages

I have run out of swing high targets until we get to 1.308 on the hour chart'

Trading the Cable swings via averages

Wouldn't you know it. It must have waited for me to shut down yesterday and then kicked off.

Trading the Cable swings via averages

One of those days when it just will not trend...I give up for today.

Trading the Cable swings via averages

Definitely sideways at least. I have won a few and lost a few but I am 12 bucks down so far and ready to quit for the day.

Trading the Cable swings via averages

The 4 hour AB=CD was hit and price bounced exactly off the D on the daily. image This may mean the 1 hour ABCD is a short

Trading the Cable swings via averages

We have a new ABCD on the hour.

Trading the Cable swings via averages

The 4 hour AB =CD looks promising too.

Trading the Cable swings via averages

Yep hit that daily easily. Now look at the wide open space...

Trading the Cable swings via averages

I just came back for a bo peep and see I would have made the 40 pips. I have the 1-hour next level at a whopping 1.3080, does anyone have a smaller one than that? We would have to do a roller coaster ride to climb that high over a long period. Just ...

Trading the Cable swings via averages

That will do ...32 pips

Trading the Cable swings via averages

I have 20 pips long profits locked in now. Not sure it will make my 40 because the EMA swing high is very close now and the 1 hour is in div

Trading the Cable swings via averages

I don't use the RSI to find trends this is the role of the higher time frames. So, I look at the hour chart mostly to try and determine what price is attempting to do. Then by looking at the 5 min chart I can trade the trend according to what the 1 ...

Trading the Cable swings via averages

Yes I missed that one...Well done I am assuming the 4 hour is trying for the swing high average at 2610

Trading the Cable swings via averages

Hard to say if we have a new ABCD on the 4 hour because B is sitting on the EMA

Trading the Cable swings via averages

That was a quickie yesterday only took a couple of hours giving us a nice downward trend on the 5 min chart. image Looks like today is a rest day with no sign yet of an ABCD formation.

Trading the Cable swings via averages

On the hour waiting for the possible Red ABCD setup though the Blue one would be much better... image Depends how long it can stay above the EMA.

Trading the Cable swings via averages