Cable Supply & Demand Intraday

Currently in short from 1.3851, initial stop 10 pips and SL to BE asap. TP open

Set stop to BE at 8:12am

Out at BE

Sold at 1.3878, same parameters as last time

Had over 10 pips drawdown, but my stop now at BE 9:57am

out at BE. Tough day!

Took a 13 pip loss, bummer. Shorted 1.3883 and it just kept grinding up. No bueno.

In theory we'll see something like this. Waiting for a TL break for short.

I am 25 pips down on the day which really sucks. I'm cooling off before taking any more trades.

Short at 1.3986 now. Can't believe I missed that entire up move

Despite identifying the W pattern I just couldn't find a decent pullback to get in on- it happened during asia.

Days like this I just think that I've forgotten how to trade, just have to accept it happens-don't get it right all the time and tomorrow is another day.

Edit- out -10. What a start! Time to take stock a bit, can't remember the last time I took 3 losses in a row.

https://www.tradingview.com/x/kooS3i7M/

https://www.tradingview.com/x/vte6cpzZ/

Shorted the channel BO and got stopped BE. Then bought the little wedge BO, stopped BE. So now i'm out of my original short idea off of supply because of not managing the stop very well. Expecting something like this closer to 1.39. Having an abnormally tough time this week

Best guess

in the buy now

BE and buy again.

Somewhat frustrated at my lack of performance this week-hard to remember such a lacklustre week in months. Such losses hurt the confidence too and seem to reinforce the streak.

Bought the bottom of the W/channel after stopped out BE again

This looks more bullish now

Still nothing today. I could have scalped that channel up and down for a good amount of pips but i guess because i'm in a loss this week, i'm hunting for a bigger score. Which is the wrong way to approach things, recent performance history shouldn't affect decision making.

Saw this on Euro but lacked the confidence to execute. Wedge breakout w/ divergence

Still in GU but its crawling back down

I'm in this trade, currently 50 pips in profit and holding for around 1.4050 . 0.618 fib level and juuust above demand. There were some clues including the false breakout. entered on the pinbar.

https://www.tradingview.com/x/MbAIaEyA/

TPd for a lousy 25 pips after price went against me Thurs morning

Well, slightly down on the week still. Missed out on todays selling. My bias was long for the last two days which I got horrendously wrong, and completely overlooked sell trades. A mindset shift is needed. We were reacting off of daily supply so looking for buys was misguided. Luckily I didnt make things worse as I waited for confirmation which didn't come. Maybe the poorest weeks trading this year!

Perhaps now I need to wait for daily demand before looking for buys. It is likely to reach one of the fib levels or between the 0.5 and 0.618

In a cable long from 1.3830. ADR and s3, plus in the fib zone from my daily pic. Hopefully this is the weekly low

Good reaction from the zone, so looks like the beginning of the bull wave for completion of the W for a higher high

Of course, I was stopped out of my long at the bottom, and now struggle to see a way to get in long. One thing to spot these things, another to execute successfully

Definitely a week I'd rather forget- will use the weekend to reset and come back and kill it next week. Played out more or less the way I expected but completely messed up the execution, mind played tricks, tried to second guess way too much.

On the bright side, the gyms finally open in Scotland this next week so I can use that to finally get back to a more healthier lifestyle which should bring some mental clarity, which has been lacking recently

Edit- took a long entry, stopped BE on the first then re-entered https://www.tradingview.com/x/1dK4XcHN/

OUT BE. I Ignored a sell signal where I could have closed and reversed. My bad. https://www.tradingview.com/x/yPJWA1P1/

Just a quick example of a trade set up today that I identified. As I'm prone to do, I ignored it because I was in a buy trade and was 'hoping' for a reach higher. The market was clearly indicating it was about to turn around on a supply zone. Divergence, pinbars, dxy crashing but GU refusing to go higher. I had plenty of time to close my buy and go short, so missed out on probably a cumulative 100 pips by trading my expectations and not what I saw.

Plan to get back on track this week after a week of second guessing, approaching things with a bad mindset. The last time that happened I went back to basics, stop trying to capture every move and just wait for the market to come to my levels of interest. I always make a lot more money that way. The approach should always be- i'm NOT going to trade today unless a good opportunity presents its self and is too good to miss. Not, lets hunt for an opportunity and take the first thing going. As gyms reopen here in Scotland this is the perfect excuse to kickstart a healthy regime as we gradually get out of this nightmare lockdown. This will help with mental clarity.

This week I'm interested in the ABCD pattern on cable, either a move down first to the next fib level around 1.3770 before up to 1.41. Or, it can just go straight up from here, as the C leg may be finished. If it does come down first, then this would mark a neat return to daily demand and would be the ideal launchpad. I'm about 50/50 on either outcome, Monday will bring clarity. Obviously, going lower before up would be better.

Waiting for a pullback to go long, I believe the C leg is complete

Took long with stop at BE

Out at BE, went 30 pips in my favour. Maybe I am dreaming a bit much with my lofty targets

Looking for a break&retest here now before buy

Currently long from 1.3884

https://www.tradingview.com/x/sbL4lng3/

And again on the breakout

https://www.tradingview.com/x/OLnD1jRU/