Trading the Cable swings via averages

On the weekly chart we see the bulls are smack on the resistance level and have not yet FOUND support so we need to be on our guard against any potential traps.

Watch out for an impulse bar dragging that EMA to a HH on the hour chart.

Trust me that was just a guess.

I got the three trades on before the price made it back across the 1H EMA, now with all stops above the third...Go bulls go.

If they can find support I should be in for a good payday and may add even more to the winning trade.

Stop is 2710

Phew! how lucky was that, I just closed for the 40 pips and whallop it crashed

I just got another 30 in quick time long, single entry though

Crazy ass moves its so volatile, got 60 pips from the spike down. Sheer luck

Well done. Did you target it like this...

I wasn't quick enough to short.

No Alan I hadn't got it mapped out, just took the bearish div on the M5 and next thing the drop, blink of an eye. Wasn't quick enough to get the catch long

Still practicing the charts, thanks for your commentary the last few days its been great

Bearish div just printed on the H1.

This system just does not cease to amaze me, pip perfect yet again with a lovely Bearish Div on the hourly as a bonus!

Great day for me, hope you all got your share of pips.

Today the market busied itself with the more regular bullish divs on the 5 min rather than the ABCD's but this gives us equally lots of ZOO points to trade

Take a look at these three ABCD's

Number 1 made its target eventually short.
Number 2 actually failed the short running into the RSI div. This sent it to the target on the opposite side long.
Number 3 made its target short prior to number 2.

Of course these are small targets and not much worthy of our attention being also outside our trading period. I just thought it worthwhile showing this stuff and how the story works.

Not bad, even for me. 3 moves job done. I think that's my best effort yet. Although in fairness it wasn't too hard. I did miss the main drop though.

hourly chart at the moment

Still trying to figure out the how I missed the main drop. I was thrown off side by the bullish div marked in yellow no.4

nice trading, ABCD's are a great help. Main drop was before bar 108, you can't have them all.

Thanks huskyboy, no you cant win them all. I didn't get that big move up either! although caught some of the retrace

Check this out...