Trading the Cable swings via averages

Quoting Jazz1964

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This magenta M5 adjusted ABCD did work well too, Alan {image}

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Quoting Jazz1964

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This magenta M5 adjusted ABCD did work well too, Alan {image}

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Quoting huskyboy

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{quote} I just noticed the cross and the recross to adjust the target levels, great finding Jazz. And yes this seems to be working

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Quoting Nala66

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I take it that we are all happy to accept price makes these adjustments and then goes for the newly adjusted targets. It just goes to show that there is always something new to discover and we should never quit learning and recording our findings. For our diary of events we see on the 1 hour chart below the average was attempting the 2936 and made it. In doing so price should reach the next level 3014 and it did that also. Putting things together we have the swing averages as targets and the mechanics of getting there via our A---D setups and this...

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Quoting Jazz1964

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Out. No Bonus for me today.

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Quoting Nala66

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I take it that we are all happy to accept price makes these adjustments and then goes for the newly adjusted targets. It just goes to show that there is always something new to discover and we should never quit learning and recording our findings. For our diary of events we see on the 1 hour chart below the average was attempting the 2936 and made it. In doing so price should reach the next level 3014 and it did that also. Putting things together we have the swing averages as targets and the mechanics of getting there via our A---D setups and this...

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Quoting mayflower

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I've been watching this set up over the past few days. It's an ABCD on the 60m. Price rose then dipped to the first EMA low then went up to about 50% of the top red rectangle touching the blue line which is also the next EMA high. Yesterday price dropped all the way to test the EMA low again. Interesting to see if price continues to push towards the target being the bottom of the lower red box. Thoughts please. {image}

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Quoting mayflower

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Sorry about the slow response Jazz, I am a bit slow drawing these. I hope this helps. {image}

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Quoting mayflower

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Sorry about the slow response Jazz, I am a bit slow drawing these. I hope this helps. {image}

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Quoting Nala66

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There has been a lot going on this week and it is still only Friday but this is what the 1 hour chart looks like for the diary of events. {image} Interesting to note that from Thursday to Thursday Price did not move at all despite many fortunes won and lost over the period. Note how there is always a mechanical method of taking price to the average swings and these are seen as good trends on the 5min chart. Now are the bears going to make the LL average or are the bulls going to stop them? I am looking at this blue AB =CD on the hour chart... {image}...

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Quoting 44johnw

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{quote} Hi Alan, Hoping you could clarify a couple of things for me if you dont mind. The H1 chart above are you drawing your average swing levels manually or using the indicator. Im using the indicator and the level you have at 2861 it plotted mine at 28581, thus price has not touched the level. I know its not a lot but with the precision of the system this tends to throw me out of whack with what I look at doing next. I have checked the swing level price on 2 different Brokers one of which you mentioned you use and I get the 2858 level. It is...

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