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

again, its irrelevant to me. i'm scalping 20-40 pips with under 5 pips stop, check the first dozen pages of the thread
first trade i'm looking for a buy and second trade if the volumes confirm is (possibly) a sell
trades are normally closed in under an hour
expecting consolidation for a couple days anyways

it shouldnt be irrelevant to you. even if you are scalping you should know where the big money is trading...makes life easier!!!

waiting for a final spike down for buy

if it doesnt hit then so be it

1.2802-05 currently where the bid liquidity is at

it may not matter to you but on the hourly its in a tight wedge...from my experience it will usually break to the upside.

dont trade wedges but, agree the edges are typical manipulation areas, i don't draw trendlines on hourly anymore but would not be surprised by an upside break

1.2880 is my interim target for the week but dont think it will hit today (it might),
tomorrow or Wednesday is possible

missed the liquidity pool by 4 pips, i'll set an alert for now but it may be away

I think the market will accumulate for a bit in this range, given BOE MPC on weds

Fridays high or Fridays low or both can be taken today

I'll be happy with a 30 pip scalp today, looks like more sitting on hands for now

also liquidity up at 1.30 , quite a bit waiting to be filled

still think a partial or complete fill of the hidden gap from Thursday is totally possible in the first 3 days of the week, market will usually do at least one big liquidity sweep countertrend in the first 3 days, Tuesday is most common, last week it was Monday

What I definitely wont do is enter shorts on big ask/offer liquidity pools like I'd normally do on range markets, instead wait for LTF structure shift. Got plowed last week trying that.

i think there's a buy coming up. just waiting for a push below london lows

started my scale in

i'll set to BE. if it doesnt break this m1 supply it's not good. means it could make another low.

no dice, looks like the m1 supply held--i will probably BE

i'm also looking around 2791-94 area.

looking for absorption around 1.2792 for second trade targeting 40 pips
if this doesnt transpire then, change of plan
high volume accumulation zone
still think of one more 'clearout' before any serious pullback
some passive buyers on 1.28 just filled. Lets see a push into the 90s to fill more of them
M5 has a solid compression (bullish)

realization sinking in that possibly my original entry was fine and i just needed to let it breathe
price action tells me more than 50/50 we'll have one more spike down and would make sense to contact that demand
so fingers crossed.

I think it's over today

Monday summary-- one trade, breakeven, turned out to be a good entry just needed time to breathe

Entered on passive buyer absorption but I read the deflection by m1 supply meant I wasn't comfortable holding as there was further buyside passive buyers down near Friday POC

Will set an alert on LOD on the offchance we get a sweep below round number. Round numbers ,obviously, popular support and resistance

had a euro signal at 1.0908, should have gone for that, and also gold signal at 1948.

i see a potential gold sell at 1958.15, lets see later or tomo

plan for tomorrow

hold up. approaching round number again.

Lets see if we can push below LOD.

Still got 2 hours of London, i dont mind holding a buy overnight.

Currently have DXY divergence which is good for pound buys. (LL on GBPUSD, LH on DXY)

scaling in buy
edit-- added another 1.2790

Frankly, does not look great. considering cutting.
last chance to pump

buy seems safe now. will hold overnight.

hmm-question now is, do i want to go to sleep with this still on or just close and attack tomorrow
even if protected I hate leaving positions on overnight cause I compulsively check them in the night

Hi mysterio,

what I do in Situations like that is cutting my position by half. I realized that for my psychology it is better if market turns against me. If it still goes further I have additional earnings. From Moneymanagement Perspective it is not the big difference because I don't do that too often that it could influence my system in a severe way. Cheers.

Thanks!

my trade got breakevened

my ideas are miles off at the moment it seems. after a very good year so far this is not a good period