Decided to go for a punt. Price really slowed down and went sideways around H1 HD, thought it indicating bulls are trying to stop the LL. Stop at BE and time for lunch. Edit: Grabbed 20 pips and ran. Don't want to be anywhere near it when the news ...

Trading the Cable swings via averages

Yep m5 can't even reach its EMA. Think you are on the right side

Trading the Cable swings via averages

Bull divs across the board but can't seem to make myself pull the trigger. How about you guys?

Trading the Cable swings via averages

Yes seems so. However target was too small for me to get a proper R:R. I have it like this. A short from daily high/open coinciding with m5 ESL would be my prefered choice of fighter.

Trading the Cable swings via averages

Yeah expensive lesson learnt from previous experience

Trading the Cable swings via averages

All charts looks ripe for a pullback but no need to step in front of a running train. Might check back in at NY open.

Trading the Cable swings via averages

Trading live is very difficult. I suggest in the beginning you use a Set & forget approach to your trades. (I assume you don't trade with significant size until you know the system anyways) It will help reduce stress levels, make analysing the ...

Trading the Cable swings via averages

I traded not so well in the London session, missed both down move and upmove. But New York was more kind. Here is my go. M5, M15, M30 and H1 all in bear div, at H1 ema swing level. Have a feeling I closed out too soon. A tip I have to any newcomers, ...

Trading the Cable swings via averages

There is a D-level on H1 around at 2606

Trading the Cable swings via averages

Yeah the M15 Bear div with a 2bar test from h4 D-level was perhaps a good one to take. But price still couldn't manage to roll the ema over until it was exhausted after the news. Easy in hindsight huh

Trading the Cable swings via averages

LO opened in a RSI/RSI bull divergence with both m5 and m15 in bull divs. This indicated the bear div you point out will fail to reach ema, thus bears will fail to take out m5 ema swing level on the downside. Hence should continue upwards. I am noot ...

Trading the Cable swings via averages

Looks like it simply was grinding for h4 D-level

Trading the Cable swings via averages

And how many BE's have you endured?

Trading the Cable swings via averages

And here you have in in Real time. Now looking for a double top with bear div on m5 to trade would be good.

Trading the Cable swings via averages

The AB=CD is a 50% retracement of a move, followed by an expected measured extention. A to B is the first move. Followed by a pullback to the C-level (which should be 50% or in the region). You then get the D-level by putting the measured move of A ...

Trading the Cable swings via averages

No ABCD but perhaps a near perfect, Giant AB=CD indicative of direction towards wide open space for a few hundred pips. Or perhaps not, guess we'll find out in due time.

Trading the Cable swings via averages

Marinating over night, would this bias be so bad though? I guess we always have bias trading, with the trend, or towards the ema, etc etc. Being right 75% of the time, with proper money management would make you pretty good money. If the stats are ...

Trading the Cable swings via averages

Hi! Do you have any overview of how the stats look in terms of how often D or D1 is hit depending on which side of the ema the C-level forms? As in if C-level is formed below ema price hits D1 first about 75% of the time

Trading the Cable swings via averages

Hi Mysterio. Interesting stuff! I am intrigued of your zones of possible entries, altough looking to use a different confirmation approach. Quick question, do you ever use a previous level that has been taken out as a point of joining in on the ...

Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow

I am sure Alan would say the hints of good dollar news was right there in the charts prior. H1 bouncing of bear support, which coincided with 50% of the latest ABCD-target. In a bearish RSI/RSI-div with a 2bar test. Kinda bearish signs. It has just ...

Trading the Cable swings via averages