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

  • #781
  • Jun 19, 2023 11:21pm Jun 19, 2023 11:21pm
Alright going to give things one more go today before potentially taking rest of June off
Basically been fine all year and most of last except the odd week
Last two weeks have been a struggle and this week, not sure yet cause yesterday was a Monday and Mondays are normally a bit shit, but Tuesdays are usually decent for me. If I can't make an impact today then break it is.
Looking for potential sells higher up, will decide levels soon
  • #782
  • Jun 19, 2023 11:28pm Jun 19, 2023 11:28pm
Quoting mysterio
Alright going to give things one more go today before potentially taking rest of June off Basically been fine all year and most of last except the odd week Last two weeks have been a struggle and this week, not sure yet cause yesterday was a Monday and Mondays are normally a bit shit, but Tuesdays are usually decent for me. If I can't make an impact today then break it is. Looking for potential sells higher up, will decide levels soon
I follow you and several others. You aren't the only one having trouble right now! Instead of taking a break, what about looking at what you did and what the market did? Were they aligned or were you ignoring your own trading rules? Do the rules need to be changed? Is the market changing.
To be clear I am not saying don't take a break, but you might want to look at the above in your break if you take it. Better yet come up with your own plan using the type of concept I proposed.
  • #783
  • Jun 20, 2023 12:22am Jun 20, 2023 12:22am
Quoting dantpm
{quote} I follow you and several others. You aren't the only one having trouble right now! Instead of taking a break, what about looking at what you did and what the market did? Were they aligned or were you ignoring your own trading rules? Do the rules need to be changed? Is the market changing. To be clear I am not saying don't take a break, but you might want to look at the above in your break if you take it. Better yet come up with your own plan using the type of concept I proposed.
i dont look at what most others are doing so that's good to know thanks, or at least some small comfort

My concern- changing the rules, does this make sense if it's been refined over a large sample size and it's just not been working over the last few samples, does this not imply just an abnormal sample? the whole period i wasn't posting, trading was a breeze, bias and entries correct, targets could have been better but that will never be bang on. So it makes me think the market has changed.

I find this quite a difficult aspect of the markets, where it can seem quite easy and predictable for a long time then out of the blue it smacks you about for two weeks

issue more recently is daily bias, but i thought i'd made big strides on this, been able to get it right most days this year, or at least close
  • #784
  • Jun 20, 2023 12:31am Jun 20, 2023 12:31am
in terms of today

1.2770 is being set up as support with Fridays low, yesterdays low and asia low all settling here

it looks likely we'll crash through without any retrace, been falling since 4am

1.2811-14 is weekly POC currently. I'm not sure if the market will make it back up here

liquidity-only significant passive orders are up at 1.2885 that I can see

My plan from the start of the week was that Friday's range would hold as a kind of consolidation range pre-CPI/BOE, so lets see. Nothing is screaming out at me currently

PS if anyone has any comments on my trading and current issue I'd like to hear, I don't claim to have all the answers
  • #785
  • Edited 7:26am Jun 20, 2023 5:54am | Edited 7:26am
Quoting mysterio
{quote} i dont look at what most others are doing so that's good to know thanks, or at least some small comfort My concern- changing the rules, does this make sense if it's been refined over a large sample size and it's just not been working over the last few samples, does this not imply just an abnormal sample? the whole period i wasn't posting, trading was a breeze, bias and entries correct, targets could have been better but that will never be bang on. So it makes me think the market has changed. I find this quite a difficult aspect of the markets,...
I'm not a day trader now. Been there, done that.

2 quotes from my guide come to mind.

"The bias each day is both up and down"
"Day trading is not trading every day"
  • #786
  • Last Post: Sep 1, 2023 6:22am Sep 1, 2023 6:22am
Tuned in! Love this Mysterio. I use a similar strategy and I'm loving the new information I just got here.
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