I really don't understand this. No sooner than the 15-min makes its target then a bomb is dropped on Iran causing people to buy the dollar. image Perhaps the GBP had to hit first before the buying of the dollar started.

Trading the Cable swings via averages

You seem to be predisposed to making this much harder than it need be. There is no such thing as trading without risk otherwise we wouldn't need to employ stops. When adding more pairs into the mix the risk increases because each pair has its own ...

Trading the Cable swings via averages

You are not allowed to go fishing; you should be working to pay taxes so I can go fishing

Trading the Cable swings via averages

Nice one... image What was the target because it seems a strange place to close?

Trading the Cable swings via averages

A good question. We always know the target distance i.e. A to b or B to a x1.5 so we can apply our MM to these figures. Method 1) Using the Quartile tool it is 3 units of the A to b. We could place our pending order at the first of these units ...

Trading the Cable swings via averages

Earlier we had an ABCD which hit the D1 on the 15-min chart. Now we have had a bull breakout of the wedge (Below) which has also hit its target. image These 15-min wedges are great trades with clear targets and small stops (back inside)

Trading the Cable swings via averages

I see this morning that the 4-Hour got back inside the triangle and so cancels it.

Trading the Cable swings via averages

Mm this chart (4H) has a larger target but I wouldn't hold my breath this long... image

Trading the Cable swings via averages

The 4-hour had a nice ABCD hit on D1. image I'll check the wedge here next...

Trading the Cable swings via averages

Just checking the charts and it seems the 1-hour had the best outcome... image

Trading the Cable swings via averages

Well done that man... There was a very nice wedge target on the 15-min chart with a bonus... image

Trading the Cable swings via averages

A 15 min wedge has just been hit at long last. I wasn't on this trade, but it serves as an example of duration...

Trading the Cable swings via averages

First off, I don't trade this pair just the GBP/USD. Second a ZOO point is only where we expect something to happen. We need to drop to our lower time frames to look for signals of direction and entry. Thirdly the yen is well known for its volatile ...

Trading the Cable swings via averages

Note how I can use my Quartile tool for the wedges. Two units between the AB, then move it to the breakout point and use 3 units for the target...Simple.

Trading the Cable swings via averages

If you take off those candles and use a bar chart with a 1 period SMA you will see much clearer. image Of course, price will appear to hit other targets if signals keep giving a continuation. Look at the targets shown below on the 15-min chart ...

Trading the Cable swings via averages

Another example on the 15-min... image There are plenty of pips to be had when we know what to look for. The market isn't as random as some would have us think. I can't say how many times i have heard the term no one knows where price is going.

Trading the Cable swings via averages

No because that was yesterdays and it has been hit, you have it drawn incorrectly. Today on the 1-hour we have a triangle wedge breakout... image

Trading the Cable swings via averages

I love these dips at ZOO points; they are no brainers for trades... image Great for picking up a few extra pips when needed.

Trading the Cable swings via averages

Now it is taking out the average swing highs.

Trading the Cable swings via averages