Trading the Cable swings via averages

Quoting Jazz1964

Disliked

Pretty large targets here {image}

Ignored

Quoting Nala66

Disliked

{quote} I have the 1 hour AB = CD as already being hit. Now I am wondering if the D target which was support now has become a resistance. {image}

Ignored

Quoting Jazz1964

Disliked

{quote} If you don't mind, {image}

Ignored

Quoting cylon

Disliked

{quote} Thank you Jazz and Nala. I still don't understand what you mean by quartile tool. Is it already in MT4 or I need to get it elsewhere?

Ignored

Quoting Nala66

Disliked

{quote} There is nothing wrong with your ABCD yellow triangle at that point in time but I have been working on the theory that if is does a cross and recross it tends to reset the target level. For now I put both targets on to see if this pans out or not. Strange how it is bouncing between the two 50% levels. {image}

Ignored

Quoting huskyboy

Disliked

{quote} Alan apologize if I am missing something, but are the price projections of your first ABCD correctly drawn? Shouldn't it be like this? {image}

Ignored

Quoting huskyboy

Disliked

{quote} Alan apologize if I am missing something, but are the price projections of your first ABCD correctly drawn? Shouldn't it be like this? {image}

Ignored

Quoting Nala66

Disliked

Hoobloodyray it finally made the AB =CD {image}

Ignored

Quoting Jazz1964

Disliked

{quote} Yes it did! And I gained on it. First a 3-phase Short, then the Long. {image} Now I am in a bonus trade Short, hmm I have a thought on that one .... the M5 has a AB=CD to 1.2980 which is a horizontal ZOO for sure. Instead of going for that, I went Short on the 50% ABCD on H1 (two of them!) Bear div from H1 to M5. I took that Short as a bonus trade with 4 pip risk / BE close / 30 pip profit into H1 EMA swing low 1.29257

Ignored

Quoting huskyboy

Disliked

{quote} Ohh much better than me, was late at desk, first long stopped out, second hit target ABCD M5 {image}

Ignored

Quoting Nala66

Disliked

And there we go with the larger of those ABCD's being hit. I am becoming more convinced that the move at C is actually an adjustment to the target level. {image}

Ignored

Quoting Nala66

Disliked

{quote} Anyone else go any points of view on this? It hit exactly to the pip!

Ignored

Quoting Jazz1964

Disliked

{quote} That target adjustment is sure a reasonable idea and I will watch it closely going forward!

Ignored

Quoting huskyboy

Disliked

EMA H1 needs to break 29375 to get price to the upper targets 3015 or higher. I am wondering if thats a valid AB=CD? I do believe so. D-level 29923 from the latest ABCD H1 also not reached so that would be the first target to break.{image}

Ignored