Yep, I went long by looking at the 5M chart it was way down on the RSI and then formed an ABCD on this 5M also.

Trading the Cable swings via averages

Hoping this hour is forming the C level. We haven't had one for a couple of days so we are due. Whoops my mistake I missed one yesterday. GRRRRR

Trading the Cable swings via averages

It is a regular 14 period RSI with a much faster 5 period overlaid on top with its data applied to the previous indicator.

Trading the Cable swings via averages

You have the wrong locations... image My 4H looks like this... image

Trading the Cable swings via averages

Well, it has been cold, wet and windy all day, so I have been playing around with stats for the ABCD and they are quite interesting at least to me. So far, I have 34 examples to work with and saved the image of each and every one of them Phew! I ...

Trading the Cable swings via averages

I don't know why people take trades in particular directions simply because they don't tell me. However here we have a case where someone has bothered to do so and thus it deserves an explanation. Now I didn't actually take this short trade because ...

Trading the Cable swings via averages

Well, these last two panned out OK but look at the previous two! The first almost made the D! then turned and shot up to D, The second almost hit the D and turned to shoot down to D1. Was this some form of payback or some weird conspiracy? image ...

Trading the Cable swings via averages

It doesn't matter what time frame chart we use; the trades all contain the same elements. Below is the 1-hour chart with my favorite trade... Trading between the averages! I can do exactly the same on the 5-min chart the difference being it would ...

Trading the Cable swings via averages

6 Days in and a third ABCD completes. Still keeping up the average of about 1 every two days.

Trading the Cable swings via averages

5 days into this set of 20 and we have had two signals formed and executed on the hour.

Trading the Cable swings via averages

Choppy trading today on the 1 minute because on the 1-hour price is aiming to make the average lower low and has done so now. Notice on the 1 hour how price has travelled from D to D1. (Red line) image

Trading the Cable swings via averages

Once we have an idea of where price is heading, we can trade it accordingly. Remember... Timing Entry Target Stop and Money Management = A trade. Take out any of these elements and you are dicing with death.

Trading the Cable swings via averages

This is how todays played out. I managed to get five trades on advancing the stops as per the Magenta lines. Closed at the 4 hour EMA which was also the average swing high. Same od same old really. Bull div, bulls find support and price test the ...

Trading the Cable swings via averages

Well going short for me at C never happened but I have managed to take a few scalps going long. I just used a few trend lines on the 1-minute chart each time price passed through the EMA I added the line.

Trading the Cable swings via averages

Nice ABCD on the hour. Since the current trend is down then I will await it crossing below the C point. image

Trading the Cable swings via averages

So far, the 4 hour seems to be forming yet another AB =CD which if the EMA is to make the lower low than (1) price should take out those Green lows from (2) to (3)

Trading the Cable swings via averages

The 4 hour was more complex than you may think. The green ABCD was hit at D in bear div. To make it down to (1) it made a series of AB = CD's. Seen better on the 1 hour chart. We expect it to make 1 because of the bear div and the bears FOUND ...

Trading the Cable swings via averages

Again with my favorite trade setup and on the GJ.. 60 pips!

Trading the Cable swings via averages

You are correct a very flat EMA= The signals are small too but be patient they will improve. Being out of the market is better than being in it and losing. Just completed another 20 days and we had 9 signals in it on the hour. image So, we are ...

Trading the Cable swings via averages

See how the 1 hour chart makes it back to the EMA by looking at the 1 min chart with the relevant EMA's on it. Price breaks above the 1 min EMA and finds support. It breaks above the 5 min and finds support. It breaks the 15 min and finds support. ...

Trading the Cable swings via averages