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Cable Supply & Demand Intraday

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  • Post #241
  • Quote
  • Aug 20, 2021 6:21am Aug 20, 2021 6:21am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Waiting for NY, very sluggish London sesh, price compressing still
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  • Post #242
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  • Aug 20, 2021 9:07am Aug 20, 2021 9:07am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Try long again RN. Stop to BE asap. TP shown.
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  • Post #243
  • Quote
  • Aug 20, 2021 9:49am Aug 20, 2021 9:49am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Approaching TP
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  • Post #244
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  • Aug 21, 2021 11:20am Aug 21, 2021 11:20am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
I would like to see a rise to 1.3720 daily supply area before more bearishness to 1.33 eventually. We may range a bit first.

DXY appears to have broken range, I'd like to see a retrace to daily demand before another big up move
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  • Post #245
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  • Aug 22, 2021 10:22am Aug 22, 2021 10:22am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
i just watched this video on Dollar SMT divergence :
Inserted Video


I'd noticed this intuitively just through observation and been applying it to my trading for a while, first time I've heard it described on YT. Found it pretty interesting. DXY is really crucial for me understanding cable
 
1
  • Post #246
  • Quote
  • Edited 2:01am Aug 23, 2021 1:32am | Edited 2:01am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
1.3720 target for long and reverse short

Not buying for now no rush need a good entry
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  • Post #247
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  • Edited 3:15am Aug 23, 2021 2:53am | Edited 3:15am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
First buy

Edit- was too early, took a few pips hit, wait for lower

Tried again below the recent m5 low
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  • Post #248
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  • Edited 6:22am Aug 23, 2021 6:12am | Edited 6:22am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Closed most at 1.3672 so close to 40 pips about 5xR or thereabouts

I'd like to buy another retrace for NY

There is absolutely no rush, especially after a WIN it can be very tempting to want to immediately hunt the next trade but its better to cool off and wait
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  • Post #249
  • Quote
  • Edited 12:12pm Aug 23, 2021 10:38am | Edited 12:12pm
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Beginning sell

Edit- still in this trade albeit i didnt wait for confirmation and is hovering just above my entry

I really hope will drop a bit so i can lock in overnight as it's a bit sketchy shorting into strong momentum

It just seems highly likely this supply would hold things above ADR as well as 3720 RN

Lets see

Edit again- ate shit on this one, -10 didnt wait for conf, my bad
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  • Post #250
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  • Edited 1:44pm Aug 23, 2021 12:51pm | Edited 1:44pm
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Expecting to short tomorrow

likely nothing tonight as it's not a good time to enter trades, stops likely hunted overnight or early tomorrow

Nothing set in stone, depends on pa. Equities rallied massively today so will see where the DXY is looking as the short is pre-assuming a breakout
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  • Post #251
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  • Edited Aug 24, 2021 4:07am Aug 23, 2021 10:09pm | Edited Aug 24, 2021 4:07am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Alright back selling 1.3721

Sticking to the plan

Edit- took a small 6 pip loss here-- I woke up at 2am and took a FOMO trade. no excuses
 
1
  • Post #252
  • Quote
  • Aug 24, 2021 3:21am Aug 24, 2021 3:21am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Broad plan which im not totally certain on : https://www.forexfactory.com/thread/...6#post13679266

Setting stop to BE
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  • Post #253
  • Quote
  • Aug 24, 2021 4:25am Aug 24, 2021 4:25am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Good times

Continue hold
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  • Post #254
  • Quote
  • Edited 12:52pm Aug 24, 2021 12:15pm | Edited 12:52pm
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
keep hold

Didnt really TP so just floating

Trying to think-- could I have anticipated the range and played it both ways? Lots of psychological factors come into play. The more you play with a trade the more you potentially screw it up. But the potential reward is far greater. I wonder
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  • Post #255
  • Quote
  • Aug 25, 2021 4:19am Aug 25, 2021 4:19am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
took 20 pip scalp at LO after close sell
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  • Post #256
  • Quote
  • Aug 25, 2021 7:06am Aug 25, 2021 7:06am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
was hoping to fade YH for swing sell but may not get it. Lets see what ny brings
 
1
  • Post #257
  • Quote
  • Edited 9:28am Aug 25, 2021 9:00am | Edited 9:28am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Long YL 50 pip target

Not feeling in the zone today so hope to be last

My stop at BE and not sure i want to be chasing
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  • Post #258
  • Quote
  • Aug 25, 2021 12:36pm Aug 25, 2021 12:36pm
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Zoning in
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  • Post #259
  • Quote
  • Aug 25, 2021 1:48pm Aug 25, 2021 1:48pm
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,888 Posts
Quoting mysterio
Disliked
Zoning in {image}
Ignored
TP hit

Feeling off this week with lack of sleep so no major plan for tomorrow

I think I want to short tomorrow though anywhere up to 3780
 
1
  • Post #260
  • Quote
  • Aug 25, 2021 3:17pm Aug 25, 2021 3:17pm
  •  genadi
  • Joined Nov 2020 | Status: Member | 1,790 Posts
Quoting mysterio
Disliked
Beginning sell Edit- still in this trade albeit i didnt wait for confirmation and is hovering just above my entry I really hope will drop a bit so i can lock in overnight as it's a bit sketchy shorting into strong momentum It just seems highly likely this supply would hold things above ADR as well as 3720 RN Lets see Edit again- ate shit on this one, -10 didnt wait for conf, my bad {image}
Ignored
didnt yot get confirmation for this trade after you enter it? it seems that price made confirmation signal on M15 and M5 charts (when you were already in).
 
 
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