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

Added 1.1990 & 1.1985

SL 1.1978

I'm puzzled but, good luck to ya.

I TPd all my short. Great result today. Could have executed a bit better. Undecided if I want to trade NY. Would need a significant pullback. Forecasting has gotten pretty good this year but execution needs work.

I see this dropping another 50 pips at least but would need a good price to make it a good deal

Stopped out partially

Closed all -20pips

Can i make a suggestion. I think you need to think in terms of an intraday template, IE what the general pattern of the day will be. It only does one of about 5 things

If it's a Tuesday to Thursday, and there is resistance with a supply above (or, support with demand below) then it's likely to be a classic sell day or classic buy day template, so you can anticipate the fakeout and then price to travel the ADR distance (140-160ish pips from high to low). Going against it is a waste of time, you're much more likely to lose.

Mondays are usually like a range type template where liquidity will be targeted and positions built. As we're coming to NFP day we're going to head towards a liquidity pool and either tap into it prior to or during the event, in this case the EQL above 1.19. Usually a high or low of the week will be set on Tuesday. This tells you that you can pretty much only sell for tues/weds. Look at the past few Tuesdays, it's either a high or low of the week. For Tues-thurs you can just get your entry in the morning, take a partial then hold a runner to london close. For continuations just use liquidity pools within FVGs

Finding the range to swing days, or swing/reversal, usually there is some institutional supply and demand (fresh, untested) to define that-- but I use White Oak FX's method which only gives zones which take out opposing zones on the h1/h4 chart (we only had supply today)

just my two cents

anyone holding til close can cash out now

I missed the drop, luckily I didn't try to catch that falling knife.

yesterday was quite clear, but today, not so much

as we have taken out key liquidity , price can easily reverse and go bullish

but momentum is clearly with the bears

I'm gonna first look for a short to below yesterdays low and look for a test of 1.18. an area to look for a short ... i think 1.1840-48. 1.1849 is a high volume node and should see some reaction

will have to tread carefully today. DXY is in h4 supply with several key swing highs taken out. GU is in no mans land with h4 demand sitting at 1.1775-10 ish.

If i can get one 50 pip short, that will be fine. I dont want to catch the bottom. but, we may see reversal in NY session.

If i'm to guess at today's pattern i'd say London bears and NY reversal. However, JP is the man that moves the markets the most, a signal that we're getting a 50bps rise caused treasury yields to spike which may mean more of a repricing in equities (down). So, i'll stick with bearish bias, with cautious buy levels being either 1.18, 1.1775, 1.1750 -- has to show some clear m5 structure shift first for any buys.

so, first idea is to sell above 1.1840

in shorts from 1.1840. key level- asia high. trading level-h1 fvg. target KL yesterday low

we have HVN 1,1850 and liquidity residing there, so it may touch

Took a small profit from the short but it was hardly worth the stressful wait.

Some days set up beautifully and the play is quite clear but today isn't one of those days.

It is tempting to trade Jolts but I think it's basically a 50/50 shot. I'd tend to take the other side of whichever end of today's range it goes to but I don't think the odds stack up as we don't have a clear trading level until we go into the 1.17s.

Very nice thread!

Short term trading plan

took some trades this morning

posted live on cable update today

posted a belter from last friday too, was also called before the fact on cable update

Working on this basis for the afternoon

spike below lows then buy after news

will i take the short-probs not, just wait for the buy IF it occurs as shown

i'm in buys this morning, entered in frankfurt session

theres sellers waiting above, just waiting to see how we react

Hello friends, looking for the possibility of a further buy leg. New demand zone created on hourly 1.2340-55 area. There is liquidity above 1.2475 which I want to target. This would take us below the equal lows on dxy, where buying may continue from the high volume node around yearly open.
Still sell biased after that, I believe US equities will be bearish this week creating more dollar demand after some needed correction.

TP'd setup2 from H1 demand, 75 pips

call made on cable update

sorry for messy chart

Today for NFP i'd like to target sells from the 1.2550-60 region, above mid-may daily highs

240 pips target, last wk's low

traded on absorption above NFP highs

90% closed leaving a runner for next wkhttps://cdn.discordapp.com/attachmen...1969/image.png
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Short call made on cable update thread

broad model for next two days on cable

expect buying in NY to daily open

tuesday a push up to 1.25 max then sell ADR

took a loss this morning for 1R but back in buy