Alan thanks for your posts yesterday and today. I have studied them carefully. I now realise how wrong I am doing this. I am that trader, I pretty much scalp every divergence that comes my way until I reach the target. And your first line sums it ...

Trading the Cable swings via averages

Hi 00PIP, Zoo point = Zone or Zones Of Opportunity No, there is no metatrader indicator to draw the ABCD's. We just use trendlines and triangles to draw them manually.

Trading the Cable swings via averages

M5

Trading the Cable swings via averages

Could be failure here

Trading the Cable swings via averages

Could be rsi/rsi bullish divergence on the hourly shortly

Trading the Cable swings via averages

Here's what I have done so far, currently in a scalp short which I just closed no. 7 The only thing I have done differently really is to close entries 1 and 2 when we hit the HD, but it was also the same time we hit the H4 EMA. So a strong contender ...

Trading the Cable swings via averages

This morning was tricky for me, although its not over yet. Had a hunch we were going down based on bearish div on H4 and M30. Was going to do 3 entries. Caught the top perfectly with the first short entry. Second and third entry short were stopped ...

Trading the Cable swings via averages

Crystal clear. Thanks for that.

Trading the Cable swings via averages

I don't know that's the way I originally had it drawn, with b at the lowest pivot. I still have not mastered these at all. Alan will have to adjudicate. I seem to just muddle through getting half them right

Trading the Cable swings via averages

^^ I was being greedy trying to go for bigger targets. lol Looks better now alright, I knew something was wrong could not spot it though.

Trading the Cable swings via averages

I see I'm still drawing them wrong though My version M5

Trading the Cable swings via averages

Yeah still here trading. Long day M30

Trading the Cable swings via averages

M5

Trading the Cable swings via averages

M15

Trading the Cable swings via averages

Only target I can see atm on the M5 other than the M15 target already posted

Trading the Cable swings via averages

Your unlucky, price gone back up, typical!! I made a mistake the opposite way, I should have cashed in the long and kept the hedge short for another 7-8 pips, although my hedge was underwater for a while that's why I cashed out. Wait and see for me ...

Trading the Cable swings via averages

Yess that's 40 pips for me as well inc the hedge, I hedged too early though. Went for the hedge at the first bearish div on the M5 but price continued up. Reckon we are going higher myself, cashed out for now.

Trading the Cable swings via averages

Currently working off the M15 Chart, I'm hedged short but price refusing to keel over despite bearish divs on nearly every timeframe.

Trading the Cable swings via averages

H1 atm. Bearish divergences popping up all over place on the different time frames

Trading the Cable swings via averages

While everyone is wondering over on the GU thread where the bottom of the move will be, how about knowing in advance!! Have I said how much I love this system, I think I have. Very easy this morning, even took a little hedge for 5 pips. Thankyou Alan ...

Trading the Cable swings via averages