One particular thing I am noticing about these wedge breakouts is their drive to the target almost unchallenged. Compare this to the ABCD which is often very irratic and long drawn out. On the 1-hour chart below the greens are wedge breaks whereas ...

Trading the Cable swings via averages

My RSI history chart does not go back that far but looking at yours we can see that long tail was in Hidden div all the way down, so it snapped back as expected and ran back to the EMA. Also, on that day there was three ABCD's. What is missing on ...

Trading the Cable swings via averages

Well, the more I look at these the more I am learning. The thing with learning stuff is in the proving of it and that is what I am working on currently. Always at the front of my thoughts is the A to B which for want of better wordage I refer to the ...

Trading the Cable swings via averages

Here are the last 8 days or so of these wedge breakouts. As you can see, they are plentiful and since the risk reward is about 1:3 they are profitable also. Actually, the risk is less that that because if price gets back inside, we simply close. ...

Trading the Cable swings via averages

I am never happy until I find the proof, so I just blew up the chart to zoom in on the drawing accuracy. I normally don't bother to be so accurate as long as I get my 40, then that is all that matters to me. To be as accurate as I can, I see that ...

Trading the Cable swings via averages

I am at a loss as to where I got that 15-min chart number from. Looking this morning and the number should have been 1.37691 as with the chart below... image The grid on this chart is 40-pips so you see I made my daily bread before it hit the X ...

Trading the Cable swings via averages

If this 15 min pans out the target is 1.37976

Trading the Cable swings via averages

Scratch that last one? It is back inside.

Trading the Cable swings via averages

The 5 min gives us 1.37714

Trading the Cable swings via averages

Found another at 1.37482

Trading the Cable swings via averages

I now have one at 1.37338

Trading the Cable swings via averages

Well, that's it, I have run out of targets. Anyone see anything I don't see?

Trading the Cable swings via averages

The daily has a little more upwards to go to hit the ABCD. (1.3712) image

Trading the Cable swings via averages

Good news today. The weekly chart shows price has all but hit the wedge breakout target depending on the accuracy of the thick lines. image If price breaks above the 38148-level dragging the EMA behind it, then the next level is huge at about 1.55 ...

Trading the Cable swings via averages

I am not sure how the channels would help seeing as they bend according to price. This makes them late in time with price and always look nice and tidy in hindsight. Still using them at a higher time frame say 1-hour, could indeed give a clue to a ...

Trading the Cable swings via averages

Most of the major actions appear to be when I have gone to bed, maybe I will have to change shifts.

Trading the Cable swings via averages

According to the 15-min chart price is ranging so I would not be getting too excited just yet...

Trading the Cable swings via averages

I had plotted the 15 min over the weekend for a wedge breakout long. My plotting was wrong because it got back inside the wedge. This changed the wedge drawing so that I was waiting another breakout. This happened before the European open. If we ...

Trading the Cable swings via averages

At long last the wedge breakout has made it. I closed ages ago. image

Trading the Cable swings via averages