Not sure what you mean by a 4Hr chart when you are showing a 1 hour chart. Doesn't matter though. I hope you are targeting the average swing low about 40 pips south.

Trading the Cable swings via averages

Understand the C point and 50% are ZOO points so a div at these levels on the 5 min are worth taking a crack at because you have a target to structure the trades money management.

Trading the Cable swings via averages

Notice how they happen every couple of days or so and then take about a day or so to complete.

Trading the Cable swings via averages

So, what does that leave us with? image MAYBE!!!

Trading the Cable swings via averages

Now look what happens when I overlay the 4 hour ABCD (Magenta EMA) Green ABCD and target hit. image Amazing stuff this is it not.

Trading the Cable swings via averages

Twelve days duration for 5 ABCD signals all hitting their respective targets. image

Trading the Cable swings via averages

Here is one in progress on the 5 min. Note the stall at the 50% level.

Trading the Cable swings via averages

How can this be, it is so simple. Look at the one-hour chart below. A is below the EMA C is above the EMA But the EMA is higher at A than it is at C so even without looking at the RSI we have a divergence. This is a special type we call an ABCD If ...

Trading the Cable swings via averages

That was a messy ABCD yesterday, but it got there in the end. image It kicked off short with an RSI bear div, got to the D1 50% then produced a HOOK test before finally going on to the D1 target. Phew!!!!!

Trading the Cable swings via averages

Definitely try to get the most out of the market if you have the time and inclination to do so. But always remember to guard the risk by moving the stop accordingly. Price generally gets a move on after the HOOK, so this is a great place to take ...

Trading the Cable swings via averages

If we suspect the bulls are trying for support on the hour chart, then we would see an entry for such on the 5 or 1 min to get in.

Trading the Cable swings via averages

I see many traders trading like this (Short2027) but I have little faith in so called SR. To me one or the other side has to FIND support, and this becomes a later resistance. This can often be very confusing, so I have ruled it out of my trading ...

Trading the Cable swings via averages

Doesn't matter now I have decided to stick with what I do, It is not broken so why try to fix it? Hope everyone got this yesterday. image Same old same old really. Simple rule.... When it fails one side it will test the other.

Trading the Cable swings via averages

Not at all I enjoy other points of view. How did you put those moving average crossovers in a separate window. Could you let us have the script there is something about them I would like to take a look at. Thanks.

Trading the Cable swings via averages

Set your chart up correctly and you will see an entirely different picture as we are trading below the EMA's Currently the EMA's are converging so trading now is IFFY It would seem to me you are believing the oversold nonsense because the RSI is ...

Trading the Cable swings via averages

Sure. As long as the price is between the two 50% levels it is ranging. Therefor it is better to drop to a lower time frame to determine the current direction of the range. I rarely go much above the 1-hour chart unless there is something blatantly ...

Trading the Cable swings via averages

When looking for a div forming at a 1-hour ZOO a signal on the lower time frames will present itself. We are taking the inference from the 1 hour but entering on the much lower time frames. This will most likely get us in on the wick or tail of the ...

Trading the Cable swings via averages

Yes, it is always a 26 period EMA representing the 50% level of the RSI.

Trading the Cable swings via averages

I get a little trade shy at this stage because it is Friday and late. Looking at the weekly then I see price is still above the C point but is testing it. image See what Monday brings. Off to bed for me though... Have a good weekend

Trading the Cable swings via averages

Here we have a clssic example of the above div situation. We are at the target level with a bull div on the 5 min but the bulls failed to make it back over the EMA and find support, so bulls are weak and price makes a lower low. image Always be ...

Trading the Cable swings via averages