1) Don't use the high and low for the price bars. Just use a normal price bar. 2) Put a 1 period SMA on the chart. This will much more clearly show the DIV's. Your bull divergence should return the price to the EMA (that would be the target) If it ...

Trading the Cable swings via averages

About to start the 20th day of 1-hour ABCD's I will have to start a new 20 days to fit it all in,

Trading the Cable swings via averages

In situations like this where the EMA has failed to make the LL and then gone on to fail the HH I regard it as ranging and we need a break one way or the other. It doesn't mean that we cannot trade the range if we just follow the signals even if the ...

Trading the Cable swings via averages

Here you go I have marked your chart image I don't see any indicator to show you divergence.

Trading the Cable swings via averages

Not sure what you are saying here. Each of those red circles is showing it is making lower lows?

Trading the Cable swings via averages

Well done, good work. Great to see someone posting their effort. Here is the full explanation of that trade and how to manage the risk/reward. image 1) Look where the EMA is trying for. (Red horizontal line) 2) Look where the next EMA level is for ...

Trading the Cable swings via averages

The bulls stopped them from forming the ABCD and now it looks like the bulls are going to try and stop the 5 min EMA making the LL. We have a battle going on here so I would sit on hands. image Try to stay out of these battle situations at best ...

Trading the Cable swings via averages

The 1-hour is trying hard to form a new ABCD 5 minutes to go?????

Trading the Cable swings via averages

Looks like the EMA is going to make the LL so price should hit the 2nd arrow. I was all out at the first arrow. image EMA failed to make the HH so the test is on for the opposite side.

Trading the Cable swings via averages

I don't know what all this bull is about. Personally, I learned to draw in kindergarten and find simple steps er, simple.

Trading the Cable swings via averages

Moty sorry buddy but THINKING and HOPING is just not going to cut it.

Cable Update (GBPUSD)

This time there was no div at the D target, so the price moved onto the EMA swings. image Zooming out we see the pattern continues to keep producing the same results. The gold triangles continue to produce gold for traders. Who said we don't know ...

Trading the Cable swings via averages

I am done for the day. This daily chart should give you all the clues you need... image The bounce at the D1 50% was smack on the button.

Trading the Cable swings via averages

If this move continues the next level down is at 1758. Yesterday I said we needed the breakaway out of that 4-hour range. The 4 hours did so and ran to the next EMA swing low which is exactly what it should do if the EMA is to break the swing low. ...

Trading the Cable swings via averages

See how the EMA breaks previous levels and price makes it to the next level to drag it along. image Anything such as news is only going to speed up the process.

Trading the Cable swings via averages

Just another level I look at for ZOO points.

Trading the Cable swings via averages

Yes, that is close enough. See how the market has stalled at the 4 hour C level. On the hour chart we price is just ranging. We need a breakout one way or the other. On the 1 hour because the price is crossing back and forth on the EMA it is not ...

Trading the Cable swings via averages

You all should show me what you think are C points so I can correct you if wrong.

Trading the Cable swings via averages

Here on the 5 min chart I have drawn todays ABCD for you. Look how A and C are in divergence. C is lower than A on the price chart but on the RSI C is higher than A. On the price chart A is on the southern side of the EMA and C is on the northern ...

Trading the Cable swings via averages

We need to be careful here because the 4 hour is tackling the C point. image I don't like these competitive zones because they can be quite choppy.

Trading the Cable swings via averages