Cable Supply & Demand Intraday

Took 60 pips on cable today, just a question of drawing the S&D levels and scalping off of them. First trade was a short of the SL hunt area/frankfurt fake out.

May enter one or two more see how it goes.

https://www.tradingview.com/x/k2CEnRUA/

Holding short from 1.4141 overnight. Took a dumb 10 pip loss shorting too early. Feeling is a final liquidity purge up here before a bigger down move.

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

Posted on cable update yesterday, an easy scalping range appeared pre-NY. I just traded it up and down for just over 50 pips but more were on offer

Tried to take the breakout of the mini channel on the left but stopped at BE

Looking to sell a pullback to 1.4180

3 opportunities to short today all within my setups... and I missed them all. The second circle in particular I'm annoyed as I was distracted and not focussed on the chart. I took a scalp buy on the h1 demand and got stopped BE, but was fighing against DXY bounce and M pattern on 1.42

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

you are great trader, and the market is not going anywhere

Thanks buddy appreciate it. The frustration is very real today though Lost count of the amount of times I identify what's about to happen then somehow fail to execute on it. Good time to walk away and come back in the afternoon. I tell people learning trading techniques and identifying opportunities is easy and like 5% of it. The other 95% is effective execution and closing a profit on it.

About 50 pips up on the day will leave it for now. Just playing ping pong between the zones. I took sells only but the buy was totally valid too.

We had a DXY TL retest and bounce as mentioned

Still a bit infuriated to miss out on the London shorts as they were screamers

Bearish continuation tomorrow, watching this area for short op. Maybe the broken demand will be a flip zone. Will drill down tomorrow.

Dxy going as planned, however I should have seen it reaching the 6y support/bottom of the daily demand (or at least have been open to it) when I analysed at the weekend. I had the CPI demand in mind for a reversal..obvious with hindsight

Started shorting, stops at BE. Up was to fill the 1h imbalance I believe

Edit- stopped at BE on these, jumped the gun. Smart move would be to long to original selling target mentioned yesterday.

Posted on cable update as it happened. Before and after (after above obv)

https://www.tradingview.com/x/QNejmR59/

Someone just threw shade on me for scalping this supply but i've racked up another 30 pips just hitting sell in this supply on top of my 25 from the sell this morning.

There's a baseball term 'five tool' player referring to the different skills you need to be a good ball player. If you're trading one pair only intraday you need to be able to do it all, the large swings, the dip buying, range scalping, breakouts, reversals. I won't get sniffy about just grabbing 8-10 pips on a trade if the zone is good.

I've stopped now, lets see what happens next. Note, two buys this morning totally fine under my rules in the green areas

Was out for the spike up.

Retest of 4h TL is expected now in original anticipated selling zone

I'm going to leave it as it's late in the day, I don't like fading options expiry spikes. Not my setup

Not much to report this London session. I was waiting for the upper red zone around 1.42 to short. When price was at 1.4170 I was considering a short but while I was considering, price dropped sharply. So instead took a scalp on wick rejection on 0.5% retrace of the drop for just a handful of pips. Will take a break and see what NY has. Sadly it was a nice opportunity missed, my gut feeling was it wasn't strong enough a setup and I'd prefer to wait for higher

When I look back there was a good confluence with DXY on 0.5 retrace of last up move, 5m supply, 0.382 fib on GU along with pivot. It was within my rules but my internal chatter stopped me. A case of expecting a certain outcome rather than having a flexible approach

I got a spread rebate (521 GBP) so just for fun I put it in a separate account and will take one trade a day on it with a much higher risk profile, max leverage. I already took a 5.8% return on it today. I MAY take one more in NY sesh. I'll aim for 5-20% a day... like I said, just for fun

Grabbed some pips long from the mini accumulation and short from the channel top/supply

Pretty straightforward, made my target plus 18% on my segregated high risk/fun account

I'm in this short from 1.42. Posted in real time on cable update. Before and after..

First entry missed limit order by 2 pips sadly

Waiting for a short at the second circle

Grabbed 20 pips late session last night on the long from the bottom (bottom left), just a breakout in demand

I took -7 shorting the pivot. Instead i'm in short from 1.4173 with this stop fade, locked in at BE

https://www.tradingview.com/x/1eiJYnT0/

And here was the outcome

Unfortunately I freaked a bit, saw some bull divergence and just took 20 pips

Conviction is/was down to 1.40 though

Was a v good day, plenty of green pips. Caught the high of the day again, then shorted the pivot on the M pattern retrace leg for another 35.

I did spot the reversal pattern (circled) for the beginning of the retrace leg but decided to focus on my short bias with Gilt yields making a huge drop over the past days.

Todays M pattern created a beautiful pivot drop (also 618 retrace) down to what I expect will be S1, and likely around there will be the low of the NY sesh. I'm considering a long scalp around here. Expecting a retrace overnight, dxy should retest the major TL it broke today. Then down towards original target of 1.40

Going to try and journal more of my trades throughout the day as I did with my previous journal as I find I'm taking less records recently.