The Magenta line is the 4 hour EMA. The failure I referred to was the ABCD1 target that failed by 0ne pip.

Trading the Cable swings via averages

Well done, easy peasy once you have faith hey!

Trading the Cable swings via averages

Then we have the daily to consider since it has passed the D 50% it may well run onto the D

Trading the Cable swings via averages

It is only about ten pips away and may make it this 4 hour bar with 16 mintes to go.

Trading the Cable swings via averages

Now this is interesting. There are no pull back pivots on the hour chart so it is not currently possible for a new ABCD to form. We still have that 4 hour target though.

Trading the Cable swings via averages

What a bugger, it made it and I missed out on two pips.

Trading the Cable swings via averages

That was a good solid run by the bulls not once breaking the EMA to scare us on the 5 min. image A lot of it outside of my trading time.

Trading the Cable swings via averages

I think it is just time wasting here to let the EMA make the HH

Trading the Cable swings via averages

I closed this 2 pips short fearing it was not going to make the D. The D1 failed by just 1 pip which generally means it will test the opposite side.

Trading the Cable swings via averages

What on Earth are you talking about the Dollar is massively strong against the pound. The pound was at 2.1 remember, now it is at 1.2. Sometimes I wonder about some of the comments made here where every blip on the chart is a doom and gloom signal.

Cable Update (GBPUSD)

Just look at how long this one hour sat on the D1 50%

Trading the Cable swings via averages

Well Fiona there is such a lot going on here the explanation may be very confusing. Instead of heaps of words I hope the chart below explains stuff a bit better for you. Remember when looking for entries you should also be looking for the target to ...

Trading the Cable swings via averages

Nice one, I was watching TV and still got paid.

Trading the Cable swings via averages

The 4-hour chart is still running an active ABC and is now very close to D but the pullbacks take forever so this is not my chart of choice at all.

Trading the Cable swings via averages

We haven't seen a quickie like yesterdays for some time and guess what... it was 40 pips. Notice I am now using my Quartile tool to measure the distances. Very simple to use and gives me the actual prices to target. It also keeps the clutter off my ...

Trading the Cable swings via averages

There is still the 4 hour target outstanding and it is about to pass level A

Trading the Cable swings via averages

The lastest 1 hour ABC has just hit its target D. That makes 12 targets hit in the last 27 days making them quite common every couple of days or so.

Trading the Cable swings via averages

I made a mistake on the chart above. That large triangle on the left does not exist. I was trying to see if there was a triangle on the daily and forgot to remove it. Nobody seems to have noticed.

Trading the Cable swings via averages

I don't know why your ABC triangle is so big. My 4 hour looks like below. As we can see the previous two triangles have hit their targets and we are working on this third one now.

Trading the Cable swings via averages

I certainly hope so. It would be a sad state of affairs if the pairs flatlined.

Cable Update (GBPUSD)