Trading the Cable swings via averages

Quoting limth

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{quote} Hi Alan: How do you dictate the start to label those points from 1 to 5? Are there specific rules to follow?

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Quoting Nala66

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{quote} Don't worry too much about this. I am just looking for potential ZOO points and the legs 2 to 3 and 4 to 5 tend to be the bigger moves so it is nice to catch them. I don't have rules for this I am just constantly measuring and looking for the opportunities. See also how the AB = CD on my 1hour has changed. If the market moved to a specific set of rules we would all be rich. {image}

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Quoting jewelnguyen

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{quote} Hi Alan, The price has reached target 3863, master, please share your analysis Thank you very much

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Quoting Nala66

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{quote} Sure and it has hit the revised AB = CD so looking for a tentative short here {image}

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Quoting Nala66

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{quote} Don't worry too much about this. I am just looking for potential ZOO points and the legs 2 to 3 and 4 to 5 tend to be the bigger moves so it is nice to catch them. I don't have rules for this I am just constantly measuring and looking for the opportunities. See also how the AB = CD on my 1hour has changed. If the market moved to a specific set of rules we would all be rich. {image}

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Quoting jewelnguyen

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{quote} Hi Alan, Points A and B are chosen in classic divergences positions in the overbought and oversold zones RSI, C is the 50% retracement of A and B. I understand is so correct? Thank you very much {image}

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Quoting jewelnguyen

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[quote = Nala66; 13501323] {quote} Điều này đúng nhưng khi bạn có SL trở thành khoảng cách cộng hoặc trừ để được thêm vào mục tiêu AB = CD Giá hiện đã đạt đến mức cao trung bình tiếp theo mà tôi đã đề cập là cũng ở mức R @ hàng ngày nên việc mua bán ngắn hạn hoặc mua vào dài hạn là theo thứ tự. [/ quote] Thanks Master.

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Quoting Nala66

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The 4hour ABCD has been hit and maybe the end of this 5th leg {image}

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Quoting jewelnguyen

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{quote} Hi, Alan Are you counting the waves?

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Quoting Nala66

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{quote} On the 4 hour chart yes. {image}

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Quoting jewelnguyen

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{quote} Hi Alan, thank you very much, Master I initiate wave 1 with a divergence between the RSI / RSI, then rely on the pivot to count the remaining waves. Is this correct? {image}

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Quoting Nala66

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{quote} All I am trying to determine is:- 3 should be higher than 1 and 5 should be higher than 3. Lastly 4 should be higher than 2. However it is more the EMA I am looking at to see if it is trying to make the higher high. Just look at this daily chart and you can seethe EMA is trying to make the higher high where I have put the yellow X. It may also try to take out the next level where I have the pink X. This would mean the price is trying for the top arrow of the ABCD and maybe even a higher high than where I have written top. {image} When we...

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Quoting jewelnguyen

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{quote} Thank you Master for the more information, but my ideas and you are not the same. It's okay, I will backtest this idea and report it later. Thank you very much, my Master Happy trading

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Quoting Nala66

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{quote} On the 4 hour chart yes. {image}

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Quoting yahya11

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{quote} hi Alan , how you draw these 12345 what is the logic and rule to draw them

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