Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow | Page 19 | Forex Factory

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

  • #361
  • Jan 27, 2023 5:00am Jan 27, 2023 5:00am
Quoting birdland
{quote} yes i agree. when i started trading, i drew all the charts on graph paper. that gave me a feel for the stocks and indices.
that's awesome. really old school. I think everyone should do this

fall in love with the journey

I recommend the podcast 'alpha mind podcast'

All about trading mindset. Best thing is the guests they get on are all pro's not retail traders, people with a real story to tell. Good to fuel yourself with inspiration. Market Wizards series another one, my favourite is the hedge fund one with high caliber traders like Ray Dalio

I note we're building trendline liquidity

perfect for a grab lower
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  • #362
  • Jan 27, 2023 5:26am Jan 27, 2023 5:26am
I try to get it hands on for the Setup 1 system of yours, I set alert for the necessary key levels as instructed, then looks for price react at trading area, preferably FVG, which it did some time ago, but then I'm stuck with a question about timeframes...

Once Key level touched, what timeframe I should be looking at for the Trading levels? Different timeframe will have different FVG as per indicator, is it look for FVG to hit in M15 timeframe, then drill down to M5 or M1 timeframe for BOS and retrace entry?
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 65.8%
  • #363
  • Jan 27, 2023 5:32am Jan 27, 2023 5:32am
Quoting Reverso
I try to get it hands on for the Setup 1 system of yours, I set alert for the necessary key levels as instructed, then looks for price react at trading area, preferably FVG, which it did some time ago, but then I'm stuck with a question about timeframes... Once Key level touched, what timeframe I should be looking at for the Trading levels? Different timeframe will have different FVG as per indicator, is it look for FVG to hit in M15 timeframe, then drill down to M5 or M1 timeframe for BOS and retrace entry?
Mysterio shows you the timeframe of his chart and the FVG indicator by Nephew Sam. The indicator does not have alternate time frames. Nephew Sam has another version of the indicator that show BOC , CHOCH and OB as well.
  • #364
  • Jan 27, 2023 5:37am Jan 27, 2023 5:37am
Got tagged in long
  • #365
  • Jan 27, 2023 5:51am Jan 27, 2023 5:51am
we could be headed to the lower level

ready to exit if we start breaking
  • #366
  • Jan 27, 2023 6:00am Jan 27, 2023 6:00am
looks ok if we get an m1 BOS

otherwise i'll exit BE
  • #367
  • Jan 27, 2023 6:01am Jan 27, 2023 6:01am
Quoting Reverso
I try to get it hands on for the Setup 1 system of yours, I set alert for the necessary key levels as instructed, then looks for price react at trading area, preferably FVG, which it did some time ago, but then I'm stuck with a question about timeframes... Once Key level touched, what timeframe I should be looking at for the Trading levels? Different timeframe will have different FVG as per indicator, is it look for FVG to hit in M15 timeframe, then drill down to M5 or M1 timeframe for BOS and retrace entry?
theres 3 confirmations on the first page

if you dont have the volume indicators you can choose the m1 or m5 BOS and retrace to fvg method
  • #368
  • Jan 27, 2023 6:04am Jan 27, 2023 6:04am
Quoting dantpm
{quote} Mysterio shows you the timeframe of his chart and the FVG indicator by Nephew Sam. The indicator does not have alternate time frames. Nephew Sam has another version of the indicator that show BOC , CHOCH and OB as well.
I'm using FVG by Nephew Sam, as you can see the pics for 3 timeframes below, M15, M5, M1, different FVG result.

On another note, I thank you that you let me know the other indicators by Nephew Sam, i clicked on his profile and noted he got a lot more indicator, some of it related to the Setup 1 system which can come in handy.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 65.8%
  • #369
  • Jan 27, 2023 6:17am Jan 27, 2023 6:17am
Quoting mysterio
{quote} theres 3 confirmations on the first page if you dont have the volume indicators you can choose the m1 or m5 BOS and retrace to fvg method
bit worried about the eql and the liquidity below london low so i decided to TP rightly or wrongly.

i have a suspicion this is a fake BOS to lure in longs pre NY

i'll wait for lower

London low is now a key level

could be dead wrong and may be missing out on an excellent buy

I wait patiently
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  • #370
  • Jan 27, 2023 7:14am Jan 27, 2023 7:14am
ended up buying the punch below lon low

however i fear it may have one more punch in it so i'm kinda hovering over the button in case i bought too soon

edit-- yes, i was too early. buying the next punch down
  • #371
  • Jan 27, 2023 7:26am Jan 27, 2023 7:26am
Quoting mysterio
ended up buying the punch below lon low however i fear it may have one more punch in it so i'm kinda hovering over the button in case i bought too soon edit-- yes, i was too early. buying the next punch down
you dont worry the red news in a few minutes?
trading is like dancing, don't think and just listen to the music!
  • #372
  • Jan 27, 2023 7:37am Jan 27, 2023 7:37am
exited and closed after the spike

alert below ny low for next long
  • #373
  • Jan 27, 2023 7:38am Jan 27, 2023 7:38am
Quoting birdland
{quote} you dont worry the red news in a few minutes?
i totally forgot about the news haha ! worked out ok though
  • #374
  • Jan 27, 2023 7:44am Jan 27, 2023 7:44am
Quoting mysterio
exited and closed after the spike alert below ny low for next long
Is there a reason for not trying to sell this into the low or even half way to the low, if you strongly believe it is dropping?
  • #375
  • Jan 27, 2023 7:47am Jan 27, 2023 7:47am
i think here might be an ok rebuy level but i think i've done enough for today

i have an alert below ny low

otherwise back monday (my least favourite trading day)
  • #376
  • Jan 27, 2023 7:48am Jan 27, 2023 7:48am
Quoting dantpm
{quote} Is there a reason for not trying to sell this into the low or even half way to the low, if you strongly believe it is dropping?
I did actually scalp into the low

but the RR wasnt good so i didnt post it

Today is verging into overtrading however.

Doesn't matter how many opportunities you see you should I always have a hard cap

I know traders who will say 2 trades only and that's it. I'm sure every trader is familiar with being down but they keep spraying bullets at the situation making it worse.

A lqg below NY low into Asia high would be too tantalising though

Yesterday's low is also open. You can view key levels like open goals that strikers will make shots at (pick your favourite sport football hockey whatever)
  • #377
  • Jan 27, 2023 8:14am Jan 27, 2023 8:14am
and we got my target level

tagged in long
  • #378
  • Jan 27, 2023 8:21am Jan 27, 2023 8:21am
Quoting mysterio
and we got my target level tagged in long
The USDX appears to be trying to go up and GU appears to want to fall more...
  • #379
  • Jan 27, 2023 8:45am Jan 27, 2023 8:45am
Quoting mysterio
and we got my target level tagged in long
refer to my previous posts, i forecast this level
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  • #380
  • Jan 27, 2023 9:20am Jan 27, 2023 9:20am
Mysterio

I have been following the GBP/USD forum for a while and you have stood out amongst the crowd,so much so I have decided to finally join FF.

Your hard work has paid off for you,I can personally appreciate what it takes.

I commend you and will keep watching and learning from you.

Thanks for your time and efforts.

The Coxswain
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