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

  • #681
  • Jun 8, 2023 1:35am Jun 8, 2023 1:35am
Quoting kk300
How do you identify imbalances?
On the futures footprint. I use clusterdelta which is a paid mt4 indicator. Sierra charts, ninja trader, atas also have good versions. I think RickM uses Sierra.
Best are the ones with a zero on either the bid or ask in the middle of the candle as these form over structure levels (SnR)
Short from 1.25 exactly was a pure imbalance fill. The nice thing is it gives you sniper trades as once they're filled the market doesn't need to go any further.
Having some order flow software is crucial for this strategy it won't work otherwise. Bookmap is also fantastic to have.
  • #682
  • Jun 8, 2023 1:53am Jun 8, 2023 1:53am
Adding additional sells here on GU. we may move above asia high into the FVG above, or we may not. comfortably (50 pips) in profit
  • #683
  • Jun 8, 2023 2:44am Jun 8, 2023 2:44am
Quoting mysterio
Adding additional sells here on GU. we may move above asia high into the FVG above, or we may not. comfortably (50 pips) in profit
removed at breakeven the addition for now, looks like a move above asia high first, will add around 1.2465-70
  • #684
  • Jun 8, 2023 3:10am Jun 8, 2023 3:10am
Quoting mysterio
{quote} removed at breakeven the addition for now, looks like a move above asia high first, will add around 1.2465-70
added sell 1.2469
  • #685
  • Edited 5:13am Jun 8, 2023 4:17am | Edited 5:13am
Quoting mysterio
{quote} added sell 1.2469
crapped myself with that last spike up but I believe bears are safe now. stop moved down to 1.2490. dollar is bullish.
if the dollar keeps dropping then, im not sure--didnt expect such a drop this morning.
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  • #686
  • Jun 8, 2023 7:45am Jun 8, 2023 7:45am
retest of 1.25--annoying price action for sure this week. I let it breathe a bit for now but i've put my stop back in place.
Nobody I talk to thinks its bearish only me it seems

Lets see if NYSE capitulates
  • #687
  • Jun 8, 2023 7:56am Jun 8, 2023 7:56am
Quoting mysterio
retest of 1.25--annoying price action for sure this week. I let it breathe a bit for now but i've put my stop back in place. Nobody I talk to thinks its bearish only me it seems Lets see if NYSE capitulates
Isn't that actually a good sign? If everyone agreed with you, the market would go in the opposite direction!
  • #688
  • Jun 8, 2023 8:16am Jun 8, 2023 8:16am
Quoting dantpm
{quote} Isn't that actually a good sign? If everyone agreed with you, the market would go in the opposite direction!
it would be if market was actually going in my direction
may have to accept defeat this week
this has been the most challenging week since a)first week of the year and b)week following BoE March meeting
sometimes,just get out of sync. either its me or the market or a bit of both.
  • #689
  • Jun 9, 2023 3:15am Jun 9, 2023 3:15am
Fwiw I think dxy will close the gap today, so GU shorts
No trade for me however will be back for the attack next week
  • #690
  • Jun 9, 2023 4:45am Jun 9, 2023 4:45am
Quoting mysterio
Fwiw I think dxy will close the gap today, so GU shorts No trade for me however will be back for the attack next week
Was there also imbalance at 2568? Which it just filled and came down
  • #691
  • Jun 9, 2023 7:04am Jun 9, 2023 7:04am
I believe the market is a strong sell now at current price 1.25628

massive block order filled, been sitting around all day

I'll take this one given the possibility of gap fill today.
  • #692
  • Jun 9, 2023 7:06am Jun 9, 2023 7:06am
Quoting kk300
{quote} Was there also imbalance at 2568? Which it just filled and came down
not sure on that one mate. It's quite hard to go back in time to check imbalances, especially very far back. For whatever reason clusterdelta jams up when looking at historical data.
  • #693
  • Jun 13, 2023 9:45am Jun 13, 2023 9:45am
sloppy week last week managed my third loss week of the year down 2%

decided to step back for a few days and no trades as of yet

1.2616-26 is extremely important, previous weekly POC

I'm waiting for a contact of this level which may provide the kick the market needs for DXY to retest the GAP left last week

So only one trade in mind really.

Given the volume of news this week, I can't rule out the swing high at 1.2680. Hunch is it wont reach that high but, its a case of waiting for the best confirmations on price action and footprint and making a call at the time.

Ideally DXY will touch 102.8-102.9

Why short when the pair is clearly bullish ?

I believe the gap on dollar will fill this week and if I just want one high RR trade to restore confidence, this is the best shot.
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  • #694
  • Jun 13, 2023 12:14pm Jun 13, 2023 12:14pm
Nice analysis mysterio, I really need to get to grips with market profile, I've watched enough videos over the years on it...
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.5%
  • #695
  • Jun 14, 2023 5:58am Jun 14, 2023 5:58am
Quoting mysterio
sloppy week last week managed my third loss week of the year down 2% decided to step back for a few days and no trades as of yet 1.2616-26 is extremely important, previous weekly POC I'm waiting for a contact of this level which may provide the kick the market needs for DXY to retest the GAP left last week So only one trade in mind really. Given the volume of news this week, I can't rule out the swing high at 1.2680. Hunch is it wont reach that high but, its a case of waiting for the best confirmations on price action and footprint and making a...
Still no trade. It was tempting to short from 1.2625 last night but, with FOMC around the corner it didnt make sense (I want to hold this one for a day or two). Would have given a good trade tho for 30 pips

We are going to take out the swing high at 1.2680. Only after that do i want to look for this one trade. May be after FOMC, may be Thurs morning, but it's coming soon
Quoting Phil_GMT
Nice analysis mysterio, I really need to get to grips with market profile, I've watched enough videos over the years on it...
Volume is superb to have in your arsenal, this is basically a volume trading thread--there was no turning back once I got into this

This week just been enjoying the sun--rareity in Scotland--nice just to chill rather than trying to attack every day
  • #696
  • Edited 1:40pm Jun 14, 2023 1:10pm | Edited 1:40pm
And still no trade when i saw we hadn't quite touched 1.27 i was waiting for a quick spike up on FOMC to sell or, drop and pump back up to take out highs.

If we do the latter, i'll enter the sell tonight
have a long list of variables that need to be met before i can enter and it wasnt all there.
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  • #697
  • Jun 15, 2023 1:53am Jun 15, 2023 1:53am
watching weekly POC for a final bounce today
if 1.2591 ish doesnt hold (or 1.26) then, bears are in
ideally looking for FOMC highs to be taken before more of a 'swing' sell
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  • #698
  • Jun 15, 2023 5:43am Jun 15, 2023 5:43am
Quoting mysterio
watching weekly POC for a final bounce today if 1.2591 ish doesnt hold (or 1.26) then, bears are in ideally looking for FOMC highs to be taken before more of a 'swing' sell {image}
updated

looking for 1.2735
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  • #699
  • Jun 15, 2023 7:02am Jun 15, 2023 7:02am
Quoting mysterio
{quote} updated looking for 1.2735 {image}
What a chart.. beautiful
i must adopt some of these drawing while i trade LTF
  • #700
  • Jun 15, 2023 7:06am Jun 15, 2023 7:06am
Quoting Whale
{quote} What a chart.. beautiful i must adopt some of these drawing while i trade LTF
i think all you need is- session/daily/weekly highs & lows
major POC/HVNs (including S&D zones/areas)
daily open(UK/US)
previous swing highs and lows m15-w1.
fvg indicator is nice wish i could get the old one back though that just used two solid lines
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