Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow | Page 34 | Forex Factory

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

  • #661
  • Jun 5, 2023 5:46am Jun 5, 2023 5:46am
placed some buys 1.2385 targeting 1.25 area

Think this is a 'swing to Z' day where NY will recover us to daily open

Tuesday will be classic sell day with a LQG north, I believe.
entry posted on cableupdate thread.


Funny my earlier loss was a trade setup short that I told myself I'd look out for this week. Similar to ICT 'silver bullet'.

Am really curious if this style of trading has piqued anyones interest and if they've incorporated any elements since the thread inception ?
  • #662
  • Jun 5, 2023 7:59am Jun 5, 2023 7:59am
Second buy not looking so hot

Reduced the risk and opened up the stop a bit. Hopefully PMI recovers. If not then I take the week off because if Monday is like this then not a ton of hope for rest of the week.

Target remains 1.25 however it depends on the order flow Tuesday morning, might be 1.2475
  • #663
  • Edited 11:07am Jun 5, 2023 10:02am | Edited 11:07am
Quoting mysterio
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 {image}
Buy in profit now and this forecast still stands despite the overextension, didn't expect the low so far down

will look to add in frankfurt or late asia

picked a bad day to post on the thread tbh not my finest performance today

added some on at 1.2402 as we had 100+ contracts on the bid

tomorrow will be one of the rare days i pull a fib from fridays high to todays low to get the entry zone, 70.5% will take us neatly to my preferred entry at 1.2496

relating it to setup 1 the key level will be mondays high, trading level h1 fvg, then refine using bookmap looking for 100+ contracts on the offer
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  • #664
  • Jun 6, 2023 12:15am Jun 6, 2023 12:15am
todays plan, buy then sell
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  • #665
  • Jun 6, 2023 2:42am Jun 6, 2023 2:42am
Quoting mysterio
todays plan, buy then sell {image}
eyeing up the buy at 1.2420 if the volume and delta lines up

currently volume on the bid at 1.2421 and 1.2413
  • #666
  • Jun 6, 2023 3:44am Jun 6, 2023 3:44am
Quoting mysterio
{quote} eyeing up the buy at 1.2420 if the volume and delta lines up currently volume on the bid at 1.2421 and 1.2413
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  • #667
  • Jun 6, 2023 10:04am Jun 6, 2023 10:04am
its been a tricky week. no home runs yet. 1 loss, 1 Breakeven, now in one profit hoping for a run to 1.25
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  • #668
  • Jun 6, 2023 10:18am Jun 6, 2023 10:18am
tomorrow plan
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  • #669
  • Jun 6, 2023 12:42pm Jun 6, 2023 12:42pm
Quoting mysterio
tomorrow plan {image}
Can you explain further mysterio????
  • #670
  • Jun 6, 2023 1:51pm Jun 6, 2023 1:51pm
Quoting ninner
{quote} Can you explain further mysterio????
Yes. Target is liquidity above today's Asia high. 1.25 is a psych level and it has a large imbalance that needs to fill. The market hates leaving unfilled imbalances. It would also be in a >50% pullback of the NFP drop. Price is actually bearish we just have one more target higher up before price collapses. It's also an ABCD pattern. Dxy is ultimately going to the last weekly swing high. Once short from 1.25 area hold for 200 pips, the low from 2 weeks ago
  • #671
  • Jun 6, 2023 2:11pm Jun 6, 2023 2:11pm
Quoting mysterio
{quote} Yes. Target is liquidity above today's Asia high. 1.25 is a psych level and it has a large imbalance that needs to fill. The market hates leaving unfilled imbalances. It would also be in a >50% pullback of the NFP drop. Price is actually bearish we just have one more target higher up before price collapses. It's also an pattern. Dxy is ultimately going to the last weekly swing high. Once short from 1.25 area hold for 200 pips, the low from 2 weeks ago

i want to see what happans at the 50 to 75 zone....if it can get back up there and show some bearish evidence...better trades right now in different crosses right now.
  • #672
  • Jun 7, 2023 12:53am Jun 7, 2023 12:53am
Quoting ninner
{quote} i want to see what happans at the 50 to 75 zone....if it can get back up there and show some bearish evidence...better trades right now in different crosses right now.
which ones? I dont really like GU this week
might move over to Gold or Eur
lets see if we'll head to 1.25 today, if we start moving towards yesterday asia high then good chance we'll take it out, if we move down to 1.24 then it could take y'day NY lows out first
  • #673
  • Jun 7, 2023 2:04am Jun 7, 2023 2:04am
morning, still in buy from 1.24 which may get taken out BE sadly

we appear to be going for sell side liq below yesterday NY low

DXY has desc trendline liquidity above

if we get taken out here then its a case of hunting for a buy below YL

London could reverse things but its not looking great right now, if we build lower time frame structure then i'll pyramid the long a bit, its currently in WPOC area (1.2411) IE highest volume of the week transacted here.

picked a really bad week to start posting again. Had some beautiful trades over the past month and this week is bit hard to get a read on (altho in hindsight it makes perfect sense)

If dollar decides to go for those highs above the trendline then we could see a rapid sell off, 1.24 is last chance saloon for now, zero sign of bull even on m1
  • #674
  • Jun 7, 2023 4:02am Jun 7, 2023 4:02am
takes my breakeven stop almost to the pip then rockets off to target.

thats hard to take - i will call it an early week and come back when its more favourable
  • #675
  • Jun 7, 2023 5:45am Jun 7, 2023 5:45am
Quoting mysterio
tomorrow plan {image}
FWIW, this still holds, just annoying manipulation at Frankfurt.

1.25 theres a high probability we'll collapse to 1.23.
  • #676
  • Jun 7, 2023 8:52am Jun 7, 2023 8:52am
1.2496 is the orderflow imbalance

200 pips collapse thursday friday after that

may not be dead on that price, or 1.25, but around there. i'll open sells from 1.2496 and add on better confirmations. i'll start with 20 lots and add on until i get to 80.
  • #677
  • Jun 7, 2023 9:26am Jun 7, 2023 9:26am
Quoting mysterio
1.2496 is the orderflow imbalance 200 pips collapse thursday friday after that may not be dead on that price, or 1.25, but around there. i'll open sells from 1.2496 and add on better confirmations. i'll start with 20 lots and add on until i get to 80.
we're in sells. see you at 1.23
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  • #678
  • Jun 7, 2023 12:44pm Jun 7, 2023 12:44pm
Quoting mysterio
{quote} we're in sells. see you at 1.23 {image}
hi bro .have you mentorship?
  • #679
  • Jun 7, 2023 2:51pm Jun 7, 2023 2:51pm
Quoting majidmas
{quote} hi bro .have you mentorship?
Hi boss, I did that for a bit last year cause people were asking me and I regret it, I'm not really cut out for it and don't like the stress of being responsible for others, I'll do my best to share here when I can be bothered posting on FF, I like talking to folks on here cause I can't converse with anyone about this stuff out in daily life
​​​​​​
I dont consider myself a guru but wanted to start a thread cause I now have an approach I've been honing for a few years that actually works for me
​​​​​​
Try my best to provide real time and before the fact calls cause I know sceptics say profiting in FX is impossible, and I know it can be disheartening when this is constantly repeated from some quarters

Even to say we'd move from 1.24 to 1. 25 then sell off from 1.25 to 1.23 took a while to learn
​​​​​​
Thanks for commenting
  • #680
  • Jun 7, 2023 5:52pm Jun 7, 2023 5:52pm
How do you identify imbalances?
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