Apologies everyone, corrected to show the start at the pivot under attack. Here the failure at 50% resulted in the opposite D target being hit, which is an observation that Alan has mentioned previously. image

Trading the Cable swings via averages

Looks good to me Mike. Now select the AB trendline and drag it to the C point as the centre (one trendline up and one trendline down). The D points are either end, and are good support/resistance areas. However, failure at or close to the 50% levels ...

Trading the Cable swings via averages

Hedged upon RSI div at 3030. With this tactic from Alan we got 20 pip buffer for price to decide which way it wants to go.

Trading the Cable swings via averages

For me the 50% failure of the 1h bullish continuation div combined with RSI div/RSI OB on 5min was enough to short at ~3050. 5min now has bearish continuation div with D target ~ 3015.

Trading the Cable swings via averages

5min price through D and OB image

Trading the Cable swings via averages

Can easily happen. One of those choppy days where the hedge has become the main trade and now the hedge is hedged.

Trading the Cable swings via averages

Regular div coming up. Getting ready to hedge

Trading the Cable swings via averages

Bears seem determined at the moment. At least the div's give you an opportunity to get your money back .

Trading the Cable swings via averages

I had a D point at 3037 so entered long there with RSI OS.

Trading the Cable swings via averages

Alan, wasn't 09h35 bull support? Got second stage on atm.

Trading the Cable swings via averages

You have been extremely generous Alan, and I'm sure have the gratitude of many here for your method and your patience. Fully support your idea for a LOSS method thread.

Trading the Cable swings via averages

Very nice thanks Alan. So likely scenario is long to region around D (EMA swing high there too), and then short toward EMA as RSI div seems to be setting up on 4H.

Trading the Cable swings via averages

Spot on again!!

Trading the Cable swings via averages

Hi Q, I was late to the party (turned out to be less stressful than the normal session, lol), but if you entered at the correct time this is how I see it. There were two typical entry areas (first one Alan pointed out yesterday after RSI div), and ...

Trading the Cable swings via averages

Just before Frankie open we have bear support on 1h and MA turning.

Trading the Cable swings via averages

+18 so far today but does look like we're struggling in a tightish range. Will keep monitoring for potential. Of interest may be the recent 1H ABCD target of 2758

Trading the Cable swings via averages

As I understand it you are absolutely correct, however, may be a while before you can determine failure as currently price seems to be oscillating around both bear support candle levels at ~2799.

Trading the Cable swings via averages

Yep -2nd hedge in and out already

Trading the Cable swings via averages

Hedge out. Bringing back short stop to 2802

Trading the Cable swings via averages

Choppy atm - bearish 5m rsi div and may be one of those days that the hedge becomes the main trade !!

Trading the Cable swings via averages