I have corrected my chart and now it makes more sense for a future ABCD.

Trading the Cable swings via averages

You are correct. These levels have been on my chart for so long and should have been removed. Looking back at mid last year. 255 is the next level followed by 2638

Trading the Cable swings via averages

On the hour price has just hit the next level target ((2445) and the EMA is at a HH. So now we consider if the next level is on the cards at 2512 which it should hit if the EMA makes the 2445. Or will the bears stop the bulls?

Trading the Cable swings via averages

Where the bears have found support you should be looking at the pull backs as potential A's. This way when trading short you know where to advance your stop to. In this case the A came at the completion of the previous ABCD.

Trading the Cable swings via averages

Side by side the 4H and the 1H look like this... Looks to me like the 1H ema is trying for a LL so the 4 hour target looks on the cards to go.

Trading the Cable swings via averages

Well if you had the 4 hour EMA on your hour chart you would see they are on opposite sides. (4 hour EMA is a 104 period on the hour)

Trading the Cable swings via averages

Sure, you can do that, and I am not suggesting you don't. The trade on the daily chart would only require a small lot size for the number of pips it makes over time and this may indeed benefit those who cannot attend their charts for whatever ...

Trading the Cable swings via averages

A new ABCD has formed there. The bears have not yet FOUND support so we don't yet know if this up move will continue or will the bears roll it over from here.

Trading the Cable swings via averages

You could be correct with this but I always go for the lowest target price. There are three possibilities here I can see.

Trading the Cable swings via averages

I don't use the daily for setups at all because they take weeks to execute. It doesn't matter when you enter it can still easily go a hundred peips against you even if you are right. That hundred pips could be in my pocket using a lower time frame.

Trading the Cable swings via averages

You are correct with the RSI div however there has been several of these and none have returned the price to the EMA instead they have made HH's. Do not assume the price cannot reach D rather watch for the failure of it to do so by the bears ...

Trading the Cable swings via averages

Difficult to trade the ABCD yesterday. Perhaps because it was the Friday and the last day of the month it made D1 in the final couple of hours. Note the HD at the top with the bears FINDING support (I was fast asleep by this time). When all said and ...

Trading the Cable swings via averages

You are so correct the open and close were exactly the same, cheers.

Trading the Cable swings via averages

As I awake in the morning, I see the story of the hour and daily unfolding. image image Should be an interesting end to the week if these tops can be smashed.

Trading the Cable swings via averages

My one hour chart looks like this now as I head off to bed.

Trading the Cable swings via averages

The ABCD is normally a very reliable signal. Of the last 15 triangles 13 have behave perfectly. Of the other two one turned around at the 50% level to hit the other side. The other was short by a pip and turned to hit the other side. So if we have a ...

Trading the Cable swings via averages

When trading these triangles there is no need for 3 entries just set the profit to 2% and the stop to 1%.

Trading the Cable swings via averages

Here are the last three triangles on the hour chart...All completed.

Trading the Cable swings via averages

There was no triangle there, you just got lucky

Trading the Cable swings via averages

You need to find one on the hour chart with a larger target so that you will see a trend on the 5 min with pull backs for additional entries.

Trading the Cable swings via averages