I can't see any setups forming at this time so I will just walk away and trade another day.

Trading the Cable swings via averages

This last ABCD on the hour was hard to trade. It changed its mind twice.

Trading the Cable swings via averages

Yep, just drifting along the RSI 50% level. image We need that break to make better trades.

Trading the Cable swings via averages

Whatever turns you on Doc.

Cable Update (GBPUSD)

This is not even worth an answer. The chart I showed does show the entries, targets, stops, timing and money management.

Cable Update (GBPUSD)

For Monday we need to be careful. The daily failed the 50% of D and is now sitting exactly on C again. image Is it going to bounce or cross? Well, this would be pure guesswork, so I am on the fence with this until I get a signal to the contrary. ...

Trading the Cable swings via averages

Why is it unhealthy? Just because it doesn't match your narrative.

Cable Update (GBPUSD)

I do worry about it all the time. I cry like a baby if the market takes a single dollar from me. If not for profit, then why trade in the first place. Some of us here like to share our stuff for the benefit of those struggling, as we sow so shall we ...

Cable Update (GBPUSD)

Sorry but the planet does not revolve around you. For many of us it is the only free time we have to make comments or just to have a laugh at how the Mullet bite. City beating United 2:1 does not leave me in a good mood, so this is as good a place ...

Cable Update (GBPUSD)

When I have the time and the inclination, I do express my reasoning behind the trades and have made thousands of posts detailing my methods. However, when I am trading, I have neither the time nor the inclination because it takes a lot of effort to ...

Cable Update (GBPUSD)

And as I said I was generalizing not specifically addressing you. I read lots of stuff and indeed some is great but much is not so. I am not arguing either, I just don't like it when people lead others astray causing them to lose hard earned money.

Cable Update (GBPUSD)

I think you miss the point relating to the 40 pips. That was just mentioned as the example, but pips are pips and profits are something entirely different requiring discipline and strategy not the psychology most people get themselves involved with. ...

Cable Update (GBPUSD)

You are only telling a part of the story. It is a rare day not to make 40pips of profit on the GU. But what is 40 pips of profit? Pips are only the increments the charts move in so by themselves they are useless information. Now express 40 pips as a ...

Cable Update (GBPUSD)

So it made the above and then consolidated to let the EMA climb higher as I predicted. Now there is no way for a new ABCD to form at this time on the hour chart so back to the waiting game. To me the bigger problem is we are still sitting on the ...

Trading the Cable swings via averages

So, looking a little longer term we have... image Price may hold for a while to allow the EMA to catch up a tad.

Trading the Cable swings via averages

Anyone still long should recall we have a higher target on the 4H

Trading the Cable swings via averages

If we look at the lower times frames for the entries rather than just guess we are better off. If you went short then this 1M chart should tell you otherwise.

Trading the Cable swings via averages

And there we go...

Trading the Cable swings via averages

Price has almost hit the 5M target, but I have now closed with my 40

Trading the Cable swings via averages

Now is this the 1H finding support?

Trading the Cable swings via averages