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- Nala66 replied Nov 23, 2023
Why should this be news since we know you are full of it.
Cable Update (GBPUSD)
- Nala66 replied Nov 23, 2023
See how those HD's came in handy again for 30 pips. Well worth keeping an eye out for.
Trading the Cable swings via averages
- Nala66 replied Nov 23, 2023
Price on the 1 hour just hit the D target from the 6th Nov. That was a bit long winded hey!
Trading the Cable swings via averages
- Nala66 replied Nov 23, 2023
As an aside I do have a new one on the 4 hour which has made the 50% level of D.
Trading the Cable swings via averages
- Nala66 replied Nov 23, 2023
Yes, this is a problem with charts from 4 hour and beyond. Brokers do close at differing times and in a volatile situation this could be a big difference.
Trading the Cable swings via averages
- Nala66 replied Nov 22, 2023
On the 5 min chart we see the EMA taking out the lower levels as price reached the next level. Business as usual. The trouble is that it didn't happen on my watch. I had to settle for several smaller trades earlier.
Trading the Cable swings via averages
- Nala66 replied Nov 22, 2023
Yesterday's move was nice as it hit the 1-hour D level in HD a great ZOO point was produced yielding far more than the required 40 pips. Keep an eye out for the Hidden Divs they pay well.
Trading the Cable swings via averages
- Nala66 replied Nov 22, 2023
Strange but I didn't have an ABCD there. My daily did not close across the EMA. Where it has crossed was also not an ABCD because it chops off a top on the RSI.
Trading the Cable swings via averages
- Nala66 replied Nov 21, 2023
The reason I call it the 108 bar is that is the approximate London open so that is where I start looking to trade. So, if you set your cycle lines to the London open and stretch it to the next open you will be in the ballpark whatever charts you ...
Trading the Cable swings via averages
- Nala66 replied Nov 19, 2023
You nailed that exactly... Well done.
Trading the Cable swings via averages
- Nala66 replied Nov 15, 2023
This is difficult at this time. The 4 hour has reached the next average swing high but the weekly is sitting smack on the C level. I would like to see a bear div on the 4 hour to short this but that will take some time so I will sit it out for a ...
Trading the Cable swings via averages
- Nala66 replied Nov 13, 2023
Here on the 30min chart is an actual example. Note how the 75% level (our stop) was tested a couple of times. We shouldn't be risking more than 1% so we are rewarded with 4% This was only a 16.5 pip move and took about 4 hours. The target D level ...
Trading the Cable swings via averages
- Nala66 replied Nov 13, 2023
My apologies for this I thought you were referring to ABCD's since AB = CD are so simple.
Trading the Cable swings via averages
- Nala66 replied Nov 13, 2023
This is what an AB = CD looks like, they are very common moves. If you get your trade on at C the stop should be at the 75% level. This is a 1:4 risk/reward with a single entry. Multiple entries result in higher rewards. This is why we look for the ...
Trading the Cable swings via averages
- Nala66 replied Nov 13, 2023
Well put... Failure is probably the most important thing to be on the lookout for. Weakness is pounced upon by the aggressor. It's a jungle out there.
Trading the Cable swings via averages
- Nala66 replied Nov 11, 2023
It takes many pages to rewrite all this. Do you really expect me to write it all over again.
Trading the Cable swings via averages
- Nala66 replied Nov 10, 2023
Not even close to the above. You seem to be assuming much and understanding very little.
Trading the Cable swings via averages
- Nala66 replied Nov 8, 2023
By the way I would also draw in the same ABCD you have there because I have never found which is the correct one, so I use both. Can't hurt hey! I'm not trying to save ink or anything.
Trading the Cable swings via averages
- Nala66 replied Nov 8, 2023
Mine is drawn like this because the top is in divergence. I always take the shortest target. I don't use the indicator; I draw them in manually. Now for your EMA's. All the EMA's are 26 period relative to the time frame we are looking at. So, on the ...
Trading the Cable swings via averages
- Nala66 replied Nov 8, 2023
What is EMA H8? Price bounced at the 50% on the 1 hour chart... These are the ZOO points to watch for at the lower time frame charts.
Trading the Cable swings via averages