Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Lock's Cable Corner 8,384 replies

How to flow with the order flow? 26 replies

Trading Strategies Using Price Action & Order Flow 187 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Mysterio's Trading Journal (based on THV) 34 replies

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

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

  • #201
  • Jan 24, 2023 7:38am Jan 24, 2023 7:38am
Quoting tiborf71
{quote} I wanted to draw attention to the fact that this could also be a scenario. {image}
Thanks
  • #202
  • Jan 24, 2023 7:39am Jan 24, 2023 7:39am
Quoting mysterio
{quote} Could be. Bull trend and we've taken out Asia low and hit h1 demand. Going with it for now. Stops go to BE soon KL is Thurs low. H1 demand is the trading level {image}
If price fails at this fvg, I'll take the small hit and wait for a BOS and retrace in the LTF
  • #203
  • Jan 24, 2023 7:43am Jan 24, 2023 7:43am
Just taking the hit for now.

Price may be going for weds Asia low

If we break this low I'll close manually and either wait for BOS or wait for a break of weds Asia low
  • #204
  • Jan 24, 2023 8:01am Jan 24, 2023 8:01am
Quoting mysterio
Just taking the hit for now. Price may be going for weds Asia low If we break this low I'll close manually and either wait for BOS or wait for a break of weds Asia low
Still in by skin of teeth but I'll put stops to BE shortly as the eql are open to a grab.
  • #205
  • Jan 24, 2023 8:12am Jan 24, 2023 8:12am
The eqls are wide open so gonna exit.

If we do a grab then I'll wait for a BOS and retrace and go long again
  • #206
  • Jan 24, 2023 8:19am Jan 24, 2023 8:19am
Read it all, first and foremost, thank you lord mysterio for your kindness, I have the following remarks if you don't mind:

1. Somewhere within this thread you asked if we understand this whole "setup 1" thing, after looking at your words supplemented with pictures, unfortunately I am one of the people still don't know what is going on. I just felt like it is meant for very advanced trader who can understand some of the words you used. It could help if it is written from a layman perspective, more words/elaboration aided by more step by step pic would be great, but it will consume a lot of time to prepare, I have no right to ask for this, it is up to you if you are willing or not.

2. Noticed the risk and reward ratio of your trades is highly imbalanced, in a good way of course, reward side is far higher than risk.

3. Not sure if you're familiar with ACD method by Mark Fisher, I am having success with this system for months, I've fine tuned it as I gained experience from market, but there is 1 thing I am still feeling it, is that my entry and exit COULD be better, perhaps if I can absorb the knowledge you intended to give out, maybe I can find a way to further break my own ceiling to fine tune my system.

4. What is your risk management? Is it based on percentage? If lose a trade = lose x % of capital? If it is 1%, look at point 2 I mentioned, the reward could easily in the 10%+ from the looks of it, from just 1 trade. It could very well speed up my financial freedom progress considering I'm just using the plain boring 1.5x R:R.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 64.5%
  • #207
  • Jan 24, 2023 8:27am Jan 24, 2023 8:27am
Quoting Reverso
Read it all, first and foremost, thank you lord mysterio for your kindness, I have the following remarks if you don't mind: 1. Somewhere within this thread you asked if we understand this whole "setup 1" thing, after looking at your words supplemented with pictures, unfortunately I am one of the people still don't know what is going on. I just felt like it is meant for very advanced trader who can understand some of the words you used. It could help if it is written from a layman perspective, more words/elaboration aided by more step by step pic...
Hi no need for 'your lordship'

Admittedly sometimes I'm posting trades outside of setup 1 but they have been mostly those. Hopefully it will be fleshed out over time. I'm assuming knowledge of basic trading concepts and market dynamics. I'll make more of an effort to tie back the trades to the setup mentioned on page 1. This mornings short was a break of Asia high (key level) within h1 fvg (trading level)

The buy was break of a previous day low in demand but it seems we are still moving down and created eql for liquidity so I held off waiting for a liquidity grab.

Haven't heard of the method you mentioned.

Standard risk management is 0.5% per trade SL at a logical level.

I'll introduce more setups as time goes on but I believe this is one of the most effective for trading GU.
  • #208
  • Jan 24, 2023 8:30am Jan 24, 2023 8:30am
News in 15 mins.

Imo it may spike the lows

If so I will buy after. Note we may take weds Asia low.

I made a dumb error not holding my short today and over managing. Weekly point of control is often a powerful level
  • #209
  • Jan 24, 2023 8:38am Jan 24, 2023 8:38am
Quoting mysterio
News in 15 mins. Imo it may spike the lows If so I will buy after. I made a dumb error not holding my short today and over managing. Weekly point of control is often a powerful level
I missed my "once a day" trade today and I am beating myself up for it, I am past the stage where I would revenge trade so my plan is to do nothing until next London open and look for new fresh setups.

After looking at this comment of yours, maybe I can copy you for once to make up for the lost opportunity today, what are you looking for?

"After news, if prices reaches / closed beyond xxx, then you will buy/sell, SL at xxx, TP at xxx" - appreciate if you can give me a Long and Short scenario depending on what happens later, in the quoted format if you're generous
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 64.5%
  • #210
  • Jan 24, 2023 8:40am Jan 24, 2023 8:40am
Gonna take a risk and place limit buy under the lows.

TP is above todays HOD
  • #211
  • Jan 24, 2023 8:45am Jan 24, 2023 8:45am
Quoting mysterio
Gonna take a risk and place limit buy under the lows. TP is above todays HOD
buy limit tagged
  • #212
  • Jan 24, 2023 8:49am Jan 24, 2023 8:49am
Quoting mysterio
{quote} buy limit tagged
put stops at BE when price passes 1.2307

if H1 closes below 1.2350 then take the hit.
price reacted from Tues POC so its a support.
  • #213
  • Jan 24, 2023 8:56am Jan 24, 2023 8:56am
Quoting mysterio
{quote} put stops at BE when price passes 1.2307 if H1 closes below 1.2350 then take the hit.
This may look like a noob question but here it is:
Why not put long position on, once price breaks over 2307? As it looks, 2303 is eqt and if it breaks one can jump in at 2404. I know rr is not as good as buying at 2364, but isn't it safer to get in on a trend once it is going than to try to preempt it?
  • #214
  • Jan 24, 2023 8:58am Jan 24, 2023 8:58am
Quoting mysterio
{quote} put stops at BE when price passes 1.2307 if H1 closes below 1.2350 then take the hit. price reacted from Tues POC so its a support.
Since it is a buy, did you meant:

If price close below 1.22500 then take the hit (SL)? Instead of 1.2350, I suspect it is a typo.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 64.5%
  • #215
  • Jan 24, 2023 9:13am Jan 24, 2023 9:13am
Quoting Reverso
{quote} Since it is a buy, did you meant: If price close below 1.22500 then take the hit (SL)? Instead of 1.2350, I suspect it is a typo.
yea, typo sorry.
Quoting noox
{quote} This may look like a noob question but here it is: Why not put long position on, once price breaks over 2307? As it looks, 2303 is eqt and if it breaks one can jump in at 2404. I know rr is not as good as buying at 2364, but isn't it safer to get in on a trend once it is going than to try to preempt it?
price absorbing on the demand

remember this is an order flow thread we're paying close attention to the orders and how price is behaving

aggressive sellers trying to sell on the positive dollar news and getting absorbed

note i may get BE'd here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
Click to Enlarge Name: screenshot.png Size: 39 KB
  • #216
  • Jan 24, 2023 9:18am Jan 24, 2023 9:18am
Quoting mysterio
{quote}yea, typo sorry. {quote} price absorbing on the demand {image} {image}
Thank you for the answer but I'm afraid I have zero clue as to what am I looking at. So could you go into a verbose version of this answer?
  • #217
  • Jan 24, 2023 9:19am Jan 24, 2023 9:19am
With blessing from lord mysterio, entered the Long trade as below, see if it works out.

I waited for a bullish candle before entering, entry is 1.22900 , I will be using 1.5x reward as usual.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
Click to Enlarge Name: screenshot.png Size: 2 KB
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 64.5%
  • #218
  • Jan 24, 2023 9:20am Jan 24, 2023 9:20am
Quoting mysterio
{quote}yea, typo sorry. {quote} price absorbing on the demand remember this is an order flow thread we're paying close attention to the orders and how price is behaving aggressive sellers trying to sell on the positive dollar news and getting absorbed note i may get BE'd here {image} {image}
Is there an explanation of how to read/interpret the order flow chart?
  • #219
  • Jan 24, 2023 9:27am Jan 24, 2023 9:27am
Quoting dantpm
{quote} Is there an explanation of how to read/interpret the order flow chart?
youtube

trader dale is one of the go to's
  • #220
  • Jan 24, 2023 9:28am Jan 24, 2023 9:28am
Quoting Reverso
With blessing from lord mysterio, entered the Long trade as below, see if it works out. I waited for a bullish candle before entering, entry is 1.22900 , I will be using 1.5x reward as usual. {image} {image}
you may need to target higher RR's to be successful

Helps to have a view on the HTF chart
0 traders viewing now