I see what you have done here. The larger of your triangles should not exist it is the smaller one that came first anything else is just the journey. Here is my 5 min... image On the 5 min chart these are quite small journeys. Better to look for ...

Trading the Cable swings via averages

There we go just hit the 1-hour D level. image

Trading the Cable swings via averages

Yes, I was looking for shorts because on the weekly chart price has hit the average swing high in RSI divergence, so a pullback was on the cards. image There is a higher target from the triangle breakout to 3717 but as we know price will zigzag to ...

Trading the Cable swings via averages

Ha now it has hit. I could have got 3 more pips

Trading the Cable swings via averages

Been watching this 15 min ABCD. Darn thing didn't hit so I closed anyway with good profit. image

Trading the Cable swings via averages

Well let's put that one down to debatable. If you took it you got the 40 pips, I didn't. So well spotted. I had to blow up the chart to max to check it... image

Trading the Cable swings via averages

1) Yes, this is a valid ABCD triangle (Not AB=CD which is the lightning bolt pattern) I don't say if A is in divergence, it should not be considered. I say that the pivot it is in divergence with should be considered first because it is a closer ...

Trading the Cable swings via averages

Oops I made a mistake with my daily drawing. The triangle breakout target was the same as the EMA swing high, 1.3530. image The target is 1.5 x the distance of (a to B) from the breakout.

Trading the Cable swings via averages

The wedge breakout target on the daily is 36126

Trading the Cable swings via averages

Now the weekly has made the average swing high... image And the monthly.

Trading the Cable swings via averages

That is OK I am still having a laugh.

Cable Update (GBPUSD)

The disappointing thing for me is seeing you have no idea what you are talking about but still insist on posting rubbish in an attempt to show people you do know something. So much rubbish is posted on this thread, it presents me with a laugh ...

Cable Update (GBPUSD)

There you go. EMA made the HH and price reached the next EMA swing high showing the system works even at this higher time frame. The next problem to solve is how to money manage this with the pull backs being so large. I would just go for 5% with a ...

Trading the Cable swings via averages

How many did you all get?....... image Lots of talk about Trumps news but the charts still tell the tale. We can listen to news, but I would always trade the charts.

Trading the Cable swings via averages

I quit now for the day. Here is my analysis of the 5 min chart in full... image

Trading the Cable swings via averages

Gee glad to see some folks are still around. I thought I may be talking to myself.

Trading the Cable swings via averages

And yes, I know there was a bull HD also.

Trading the Cable swings via averages

HD wins the day...........Again! image How hard can it be?

Trading the Cable swings via averages

Price is sitting on the daily pivot going nowhere at the present.

Cable Update (GBPUSD)