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Trading the Cable swings via averages

  • #10,261
  • Mar 6, 2025 1:35am Mar 6, 2025 1:35am
Just got paid my 40...
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  • #10,262
  • Mar 6, 2025 1:44am Mar 6, 2025 1:44am
Long at the EMA stop already at BE... We'll see if it pays a few bob.
  • #10,263
  • Mar 6, 2025 2:37am Mar 6, 2025 2:37am
Just got back from picking up kid from work.

I had to rush out, so I closed for 10. Glad I did cos I see it made a LL.

I missed out on the 5 min bull div long.
  • #10,264
  • Mar 7, 2025 1:14am Mar 7, 2025 1:14am
where I can find PDFs or

from which page to follow for ABCD pattern?, or for whole strategy,

I have idea about divergence but dont have about ABCD

any one kindly guide
  • #10,265
  • Mar 7, 2025 2:50am Mar 7, 2025 2:50am
Quoting yahya11
where I can find PDFs or from which page to follow for ABCD pattern?, or for whole strategy, I have idea about divergence but dont have about ABCD any one kindly guide
Click and search what you need in red square.
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  • #10,266
  • Mar 7, 2025 3:44am Mar 7, 2025 3:44am
Anyone get this one... I did.

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There is such a lot to learn about analysis one needs to spend a year or so tackling each aspect to get familiar with it.

Anyone who thinks they can manage it just by reading something and not practicing it is just kidding themselves.

In the above case we have a swing high above the EMA = A

Then we have a swing low below the EMA = B

As we can see it forms a wedge or triangle shape, we await the breakout.

The target is 1.5 times the vertical distance of the triangle from B.

Add this to your analysis list.
  • #10,267
  • Mar 7, 2025 3:57am Mar 7, 2025 3:57am
Here is a new ABCD on the 15 min chart.
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NFP soon so take care.
  • #10,268
  • Mar 8, 2025 12:42am Mar 8, 2025 12:42am
So, we see that price stayed within the D50% and the D150% levels on the 15 min. In other words, price is currently ranging.

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  • #10,269
  • Mar 8, 2025 6:38am Mar 8, 2025 6:38am
Quoting Nala66
Anyone get this one... I did. {image} There is such a lot to learn about analysis one needs to spend a year or so tackling each aspect to get familiar with it. Anyone who thinks they can manage it just by reading something and not practicing it is just kidding themselves. In the above case we have a swing high above the EMA = A Then we have a swing low below the EMA = B As we can see it forms a wedge or triangle shape, we await the breakout. The target is 1.5 times the vertical distance of the triangle from B. Add this to your analysis list.
It's the first time you are sharing that knowledge. Please provide more details, sir, or maybe I remember incorrectly, and you have mentioned that knowledge before.
  • #10,270
  • Mar 8, 2025 6:59pm Mar 8, 2025 6:59pm
Quoting prohaha
{quote} It's the first time you are sharing that knowledge. Please provide more details, sir, or maybe I remember incorrectly, and you have mentioned that knowledge before.
Yes, I have spoken of it before. These wedges have to have certain characteristics otherwise we would be drawing wedges all over the place when clearly this cannot be true. The one I showed was perfect in every detail.

These are dealt with in terms of vertical lines for distance, breakout time and target hit time.

A and B are the swings on each side of the EMA. Price then makes a series of moves failing to make both HH's and LL's so forming a wedge with the pointy end a C.

This is where the vertical plotting starts.

1st A vertical from B to A. this when multiplied by 1.5 gives us the target distance,

2nd Divide the distance from B to C into 4 vertical segments. (Quarters)

3rd Price should breakout at the 3-quarter mark.

4th Price should reach its target price by the end of the 4th quarter (C)

Sometimes there are tiny variations, none the less it is still a measurement in the change of market sentiment mostly continuing a trend.
  • #10,271
  • Mar 8, 2025 10:48pm Mar 8, 2025 10:48pm
Quoting Nala66
{quote} Yes, I have spoken of it before. These wedges have to have certain characteristics otherwise we would be drawing wedges all over the place when clearly this cannot be true. The one I showed was perfect in every detail. These are dealt with in terms of vertical lines for distance, breakout time and target hit time. A and B are the swings on each side of the EMA. Price then makes a series of moves failing to make both HH's and LL's so forming a wedge with the pointy end a C. This is where the vertical plotting starts. 1st A vertical from B...
Please correct if I'm wrong, sir.
Honestly, I don't know how to precisely determine point C to make the wedge.
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  • #10,272
  • Mar 9, 2025 1:13am Mar 9, 2025 1:13am
Quoting prohaha
{quote} Please correct if I'm wrong, sir. Honestly, I don't know how to precisely determine point C to make the wedge. {image}
You have it drawn correctly. Well done.

You will also draw a lot more before you get one that pans out.
  • #10,273
  • Mar 10, 2025 1:16am Mar 10, 2025 1:16am
Anyone get this?
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  • #10,274
  • Mar 10, 2025 2:39am Mar 10, 2025 2:39am
Quoting prohaha
Anyone get this? {image}
No Sadly. Driving to work at the time.
  • #10,275
  • Mar 10, 2025 6:39am Mar 10, 2025 6:39am
Quoting prohaha
Anyone get this? {image}
Me neither I wasn't available.

Anyway, well done, nice trade.

Can I ask why you waited so long to enter?
  • #10,276
  • Mar 10, 2025 7:10am Mar 10, 2025 7:10am
Quoting Nala66
{quote} Me neither I wasn't available. Anyway, well done, nice trade. Can I ask why you waited so long to enter?
I had just sat down to observe right after the price had moved and formed a setup. Initially, I expected it to be a scalp, but it had turned into a trade.
  • #10,277
  • Mar 10, 2025 7:52pm Mar 10, 2025 7:52pm
Random Musings:
I particularly love the “V” pattern. Yesterday, when observing the charts of the GBP/USD, BTC/USD, and XAU/USD, I noticed they all shared the same scenario: at the start of the London session, the price dropped sharply with two H1 candles, and then surged upward to form a “V” pattern. You can see this in the H1 charts of the three pairs I mentioned above.
Once the price has formed the other side of the V, if it breaks out that side, there is a high probability that the price will revert to a downward state, in line with the initial trend of the London session (the first side of the V). And indeed, yesterday, all three pairs—GBP/USD, BTC/USD, and XAU/USD—made lower lows.
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  • #10,278
  • Mar 10, 2025 10:23pm Mar 10, 2025 10:23pm
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Let's see, today H1 HD bull take price back EMA. When come back to EMA, RSI fast rather high --> maybe price will make LL. Today will focus on short then
  • #10,279
  • Mar 10, 2025 10:45pm Mar 10, 2025 10:45pm
Quoting eliotjng
{image} Let's see, today H1 HD bull take price back EMA. When come back to EMA, RSI fast rather high --> maybe price will make LL. Today will focus on short then
I'm on your side. Get on bear div at ZOO = EMA26 h1.
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  • #10,280
  • Mar 11, 2025 2:33am Mar 11, 2025 2:33am
You guys need to be careful with shorts. There is nothing bearish about this chart...
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