The daily chart has finished with a bearish divergence, but after today's run up who knows! Something to note anyhow Wab if you look in the bottom left corner where I have the lime arrow pointed at the RSI indicator window, this is where you should ...

Trading the Cable swings via averages

Hey Wab. Your RSI is not set up correctly. You need to set the 5 RSI to Previous Indicator's Data in the drop down menu. You will know it's correct when you see an arrow between the 14 and the 5 in the indicator window on your MT4 Terminal. ok good ...

Trading the Cable swings via averages

Bullish RSI Div on the hourly but price just moving between two swings on the 5 minute chart, some decent scalps mind. Which way will it break? That is the question

Trading the Cable swings via averages

Alan great to see your charts again. Such clarity when the master explains. I am still plugging away here day in day out with Trading the Cable swings via averages

Trading the Cable swings via averages

Have to say very interesting price action this morning. Made the quota with all the up and down moves despite missing the initial spike up from the Frankfurt Open. Reminded me of Tuesday earlier in the week. Made the quota in a roundabout fashion ...

Trading the Cable swings via averages

Money for old rope today. Click and collect

Trading the Cable swings via averages

That's where I placed my first entry as explained above. It was a divergence so I took the trade but didn't follow up with the other entries. The RSI would have to be higher to invalidate the Div not the candle. Hope that helps

Trading the Cable swings via averages

Inspiration Alan. I Think I will study harder after reading that!! Definitely the most powerful system for me as well even with a small balance you can quickly add zero's and multiply the account. I'm feel I'm getting better just need more practice. ...

Trading the Cable swings via averages

More like I was caught ball watching Alan. I was looking at the H1 which had bear support above the average. I saw the bearish Divs made the first entry only. Got the stop to break even but didnt add the two other entries because I was still ...

Trading the Cable swings via averages

Didn't mess up on the move back up so got my 40 pips. Zoo point on the M5 swing low and bingo. Thank you Alan

Trading the Cable swings via averages

Anyone else get caught out by the down move this morning after bar 108. I saw the bearish divs on the M5 and the M15 but we were so far above the average on the H1 that I only made small entries, and after that I was reluctant to add any more. Was ...

Trading the Cable swings via averages

That's more like it. Now it would be nice if it went to that 50% target on the H4

Trading the Cable swings via averages

Price seems very conflicted this morning. I'm short but have been stopped out about 4 times already for break even +1. The H1 Is bearish but the H4 has a bullish div. Lets see who win's, hopefully me!

Trading the Cable swings via averages

Hi Kevin Well a bird in the hand and all of that! No seriously. I exited there just in case it bounced from the target also I had marked earlier another cluster of Zoo Points just above where I exited. So I thought it was time to cash in.

Trading the Cable swings via averages

Hey CptOrlando Here's what I did. As Alan has already said the M5 was below the average with bear support. The H1 printed an ABCD target and the divergences played out right on cue to indicate short. Here's my entries

Trading the Cable swings via averages

Had a bad start this morning. My Mt4 Terminal froze up, had to keep shutting it down. Eventually after repeated problems had to remove all the charts and load them up again. Took one short on the way up because of bearish div on M15 got stopped out. ...

Trading the Cable swings via averages

I have this target as well although Im in a short position, nervous now!

Trading the Cable swings via averages

Alan when I get a pivot like this marked in yellow directly on the EMA line, can I use this for an ABCD target? or is it just regular bearish divergence. I think the same situation cropped up Thursday or Friday, I cant remember exactly and I wasn't ...

Trading the Cable swings via averages

H4

Trading the Cable swings via averages

Hourly Chart

Trading the Cable swings via averages