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Attachments: Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow
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Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow

  • #21
  • Jan 22, 2023 6:29am Jan 22, 2023 6:29am
Quoting dantpm
{quote} Mysterio, at some point if you would be kind enough to list the short forms that you use and what they mean, it would be helpful. BOS - break of structure is easy but I am not sure about some of the others (UT, ST, LPSY...) Thanks
Hi, it's Wyckoff terminology. Its not part of the strategy but it helps you understand the phases of the accumulation and distribution. Please read the following link : https://school.stockcharts.com/doku....wyckoff_method

Volume plays a big role in each stage. We can go into this later
  • #22
  • Jan 22, 2023 6:47am Jan 22, 2023 6:47am
Note this setup works best in ranging markets as you will get multiple setups in a day.

During trending markets you may only get one or two chances in a day if you're lucky. It's important when trending that you A) enter in the direction of the trend and B) hold one position to NY close or ADR (whichever is first)

I'll show other setups which can be deployed for continuations but we'll leave them and focus on this setup first.
  • #23
  • Jan 22, 2023 7:03am Jan 22, 2023 7:03am
Always do prep with the HTF Zones.

I'll post Euro, DXY, and of course GU.

What can we deduce ?

GU is bullish, there are two swing highs above as liquidity targets. We should be focussed on buys.

DXY is about to hit weekly and daily demand
Euro is in weekly supply

For now-- we should be focussed on GU buys until we hit Daily Supply

If Monday is ranging then there is H4 supply and demand to watch as Trading Levels
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  • #24
  • Jan 22, 2023 7:14am Jan 22, 2023 7:14am
Quoting mysterio
{quote} Hi, it's Wyckoff terminology. Its not part of the strategy but it helps you understand the phases of the accumulation and distribution. Please read the following link : https://school.stockcharts.com/doku....wyckoff_method Volume plays a big role in each stage. We can go into this later
Here are the short forms and definitions discussed in the referenced paper. A lot of the material doesn't align with ICT or the strategy that you have presented so far to my understanding.
Attached File(s)
File Type: txt The Wyckoff Method Shortforms.txt   5 KB | 252 downloads
  • #25
  • Jan 22, 2023 8:25am Jan 22, 2023 8:25am
Here is an editable daily plan.
Attached File(s)
File Type: txt DailyPlan.txt   < 1 KB | 365 downloads
  • #26
  • Jan 22, 2023 9:56am Jan 22, 2023 9:56am
Quoting dantpm
{quote} Here are the short forms and definitions discussed in the referenced paper. A lot of the material doesn't align with ICT or the strategy that you have presented so far to my understanding. {file}
Hi Dantpm-- forget about Wyckoff for now. It's just unnecessary complication. It can help sometimes but it's a distraction for now. My strategy isn't ICT but it does include liquidity analysis. ICT is just a combination of concepts that have been around for ages like the Turtle Soup setup, supply & demand, fibonacci, hidden gaps etc.

My influences were White Oak FX, a group called TVT for volume, ICT, and just general market observation.

Thanks for your text docs

I've attached a couple of checklists.

One is an evening routine (highly recommend you follow this so your charts are mostly prepped before the European session

The other is a morning checklist I complete around 5-6am

Let me know if the checklists works

The key to success is discipline, patience, adherence to trading plan, and these checklists.
Attached File(s)
File Type: pdf checklist_637a04c626a24 (11).pdf   14 KB | 351 downloads
File Type: pdf checklist_637a053de78e1 (2).pdf   13 KB | 324 downloads
  • #27
  • Jan 22, 2023 9:57am Jan 22, 2023 9:57am
Quoting DiveBar
{quote} Wow, 52 standard lots, you must be a billionaire!
I was trading 70 lots last year
  • #28
  • Jan 22, 2023 11:14am Jan 22, 2023 11:14am
There's a chance BTCUSD will take out some m15 swing highs for liquidity before the drop.

Let's see.
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  • #29
  • Edited 1:15pm Jan 22, 2023 11:46am | Edited 1:15pm
This is a possible scenario for Monday

DXY to follow
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  • #30
  • Edited 1:15pm Jan 22, 2023 12:59pm | Edited 1:15pm
Here is my projection for DXY.

The H4 swing low will be taken out this week
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  • #31
  • Jan 22, 2023 2:19pm Jan 22, 2023 2:19pm
Quoting mysterio
There's a chance BTCUSD will take out some m15 swing highs for liquidity before the drop. Let's see. {image}
BTCUSD hit my first target. took 2/3rds off, rest with a BE stop for my second target.
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  • #32
  • Jan 22, 2023 2:43pm Jan 22, 2023 2:43pm
We raided liquidity below the EQL hence the partial TP. We also tapped out an m15 swing low. It may bounce then drop again
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  • #33
  • Edited 5:57pm Jan 22, 2023 5:15pm | Edited 5:57pm
Closed entire BTCUSD position at 22500

It's away to take out the highs from the HnS

Once it touches the POC i'll enter again
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  • #34
  • Jan 22, 2023 5:40pm Jan 22, 2023 5:40pm
Quoting mysterio
Closed entire BTCUSD position at 22500 It's away to take out the highs from the HnS Once it touches the POC i'll enter again
i am still long on Bitcoin and holding to it for almost 6 years now. I sold and rebought some at the wrong peak moments like some at around 35 and some around 60k but no doubt it will go back there and even hit new all time highs. Overall I am still very profitable ever since even considering in my latest purchases.

Best of luck to you.
  • #35
  • Jan 22, 2023 5:58pm Jan 22, 2023 5:58pm
Quoting lddd
{quote} i am still long on Bitcoin and holding to it for almost 6 years now. I sold and rebought some at the wrong peak moments like some at around 35 and some around 60k but no doubt it will go back there and even hit new all time highs. Overall I am still very profitable ever since even considering in my latest purchases. Best of luck to you.
I'm strictly intraday when it comes to trading

Rarely I'll hold a position overnight

Just looking for volatility so I have no long term bias on this pair

Best of luck to you also
  • #36
  • Edited 7:24pm Jan 22, 2023 6:19pm | Edited 7:24pm
Happen to be awake late so put in a couple small lot trades

Following the Setup 1. Explanation to follow if they complete.

Long USDCAD

Short G/U

Edit-GU doing a lqg above EQH. Edited stop slightly to stay in. It's going for prev hod. Shorting more after that's wiped.
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  • #37
  • Jan 22, 2023 7:19pm Jan 22, 2023 7:19pm
Quoting PatienceFx
{quote} on Monday @ 1. 2400 i will add 52 Standard Lots Buy position ; i am that convinced about reaching 1.2700
This is cheating , price climbed to 2430 before I woke up

I wanted to buy at 2400 , you guys did not wait for me

Cheaters
  • #38
  • Jan 22, 2023 7:22pm Jan 22, 2023 7:22pm
Quoting mysterio
{quote} GU? Yea there's two swing highs to wipe. I'm not sure about up or down, i'll figure it out tonight and post my analysis later
Next time Wait for me, why did you lift cable so high before I woke up lol
  • #39
  • Jan 22, 2023 7:34pm Jan 22, 2023 7:34pm
Quoting PatienceFx
{quote} Next time Wait for me, why did you lift cable so high before I woke up lol
It will drop down first. Either it will wipe weds high or leave equal highs.

We can buy lower down later during London I think
  • #40
  • Jan 22, 2023 7:45pm Jan 22, 2023 7:45pm
Quoting mysterio
{quote} It will drop down first. Either it will wipe weds high or leave equal highs. We can buy lower down later during London I think
Just think about the quality of my chart reading that I was so convinced it will go up that I was ready to risk 6% of my capital
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