It was Brexit news. It was told that Merkel was willing to give 5years period of time for backstop and market did that high. Later on market reversed as always on Brexit news. That is the only reason I don't want to take pound trades this period.

Trading the Cable swings via averages

Thanks saw the post and will re-read the whole thread (again) next week at Catholic Easter. Now posting a 1h chart with a smaller triangle (not so sure if it is correct

Trading the Cable swings via averages

Can you clarify "attack" please. I know the word but I can not understand the meaning here. Attacking the rsi level, price closest to the retracement? Edit. Now I saw you reply above. Thus you are saying we firstly take C point and then we ...

Trading the Cable swings via averages

David why did you take as starting point for the ABC triangle that point and not the green candle 2 bars to the left?

Trading the Cable swings via averages

Missed the morning short divergence, but market (even in NFP day) gave 2nd chance. Took the short after the 2nd rejection of the 5m EMA (also was rejection of 1H EMA) I don't know whether 5m ABCD was correct. If it was my extra clue was market ...

Trading the Cable swings via averages

New trade. Divergence at 40lvl (mentioned that level above)

Trading the Cable swings via averages

I envy you because of that hedge. Should have re shorted at 80lvl, now it is late.. 56-40 level is probable.

Trading the Cable swings via averages

It seems market want to go to 1.3220lvl but they have first took all longs out

Trading the Cable swings via averages

shorted because of m5 divergence, h1 HD?. If 1.3080 hold will exit immediately.

Trading the Cable swings via averages

you are quick!! saw the divergence also on 5min - that one not in my taste - (also a possible HD on 1h), BUT 1.3183!!

Trading the Cable swings via averages

I am glad because I was watching the same trade at 1.3178 (wanted the breakout). The trigger was the bull support in 5min chart (plus off course that 1h is still long)?

Trading the Cable swings via averages

Do these considered as right patterns or again wrong? I insist on patterns, because I understand that this is even the 50% of the system.

Trading the Cable swings via averages

Good morning (evening in your time) Alan. It is like your because it is an very old one chart of yours (have multiple of them downloaded in order to study them). Don't be "alarmed", I am not in the position to spot ABCD patterns so easily. I ...

Trading the Cable swings via averages

As for the first chart, I am posting it again (it is more clear now as a graph), but I might see the mistake. For continuation upwards pattern you want ABCD with the triangle pointing up (and the opposite for the downwards continuation)? I must ...

Trading the Cable swings via averages

I used to trade all gbp pairs (not together ) and I am used to (mentally) to big sl's. This method have small sl and good RR, but I think you must be able to draw correctly ABCD patterns (think they are very important here). I must admit that I ...

Trading the Cable swings via averages

Have also question if ABCD patterns exist in the charts below. (in the 1st one the divergence is clear, just asking for the ABCD pattern if it is correctly drawn.

Trading the Cable swings via averages

I know (a lot of times London can fool you and have great continuations), that is why I am here, to improve my trades and that is the reason for asking the same questions over and over (in order to fully understand it.

Trading the Cable swings via averages

Even said won't trade, took from the divergence 20pips - real trade- (had target at around 40, but when I saw market stall at 60-64 lvl exited) (That is more or less the trades I prefer. Leave London open to move the market and then looking for the ...

Trading the Cable swings via averages

Alan I have a question in the morning trade. As mentioned this period I dont trade cable, but I am looking it just not to loose the "touch". As others mentioned I was looking also the short option (just before the yellow vertical line - is Frankfurt ...

Trading the Cable swings via averages

Personally I don't touch cable this period since brexit news are more important than anything. One comment and destroys analysis. I know Alan wont agree to that comment. In the graph Alan posted above1.32 - 1.3220 lvl could be touched. (with such ...

Trading the Cable swings via averages