Cable Update (GBPUSD)

Seems Like GU will move up...

gbp/cad.
I currently have a long position, hoping for an increase. delta says that my chances are good.
it's just scalp.

H4.

In the 5 min window, change the ma's to 2,3,4,5 and 6 and I believe you will like the results.

closed position

Am I gone greedy ?

Have slept in the afternoon. And the money makes me not to sleep after two good holidays.

ha..ha..

GOLD

last add position on Friday


Update current position toward LO
Description in the chart.





I completely agree with you that the overnight swap on gold is high.
Therefore, we should negotiate hard with brokers, as many are willing to offer better terms for our business.
Currently this account has a spread-free structure, but the commission and swap have been negotiated to more favorable rates.

Trying a short .. for 10 pips lets see
will take anything below 1.27000.. sl day high

tp taken at 1.27020
mixedday so far winners losers

GU short 9 pip sl
tp 1.26800

How the US Session Leverages Asia and London Liquidity to Liquidate Retail Day Trades


Observation :

The U.S. trading session tends to break either the low or high of the day in the forex market , exeception Monday and non eventful day/holiday in US.
How true is this ?

It's important to note that market behavior can be influenced by various factors, and while some traders may notice certain patterns or tendencies, they are not guaranteed to occur consistently.

The hard question :
The liquidity buildup during the Asia and London sessions can be targeted by the U.S. session, leading to the liquidation of retail traders' positions, how we as retail readers would consider this.

Traders may anticipate that institutional and larger market participants use the quieter Asian and early European sessions to build positions in the market.
This buildup of positions might create zones of liquidity that can be targeted during periods of higher trading activity.
Sometimes it takes few days to build the liquidity, and some within 2 days. It will end up with US Session to sweep all these liquidity build up.

Ther ar emany form of liquiduty build up that a trader can look at.
Some traders ( not all) believe that liquidity zones created during earlier sessions can be targeted by triggering stop-loss orders.
If retail traders have placed stop-loss orders around key levels, a concerted move in the opposite direction may lead to stop-loss orders being triggered, contributing to price movements.

The notion of tricking or misdirecting retail traders into taking positions that may be against the eventual market movement is a hypothesis.
It suggests that large players may create apparent trends or breakouts to entice retail traders to take positions on the wrong side of the market.
We will normally see uniformed trader, shouting MF in the forum, ended up he is the real idiot MF.

above 1.27100 then i short again… dxy hourly just waiting to break the high

To note that The NYSE, being one of the largest and most influential stock exchanges globally, plays a key role in shaping market sentiment.
Movements in U.S. equities can impact other asset classes, including currencies and commodities.

Thus forex traders should pay attention on NYSE Indexes, even not trading it, but just stay informed.

Short GU 1.2700

TP 30pips

SL open

Morning all, rangy asia session and LO opening. 127 showing decent support here won’t crack easily. Maybe a tight range day?

Daily S1 around 12660 seems a plausible target but 127 support is very strong. We could see a bounce up to above 12720-12730 too

go goldi

Side note.


do not short it

Liquidity Build up

Liquidity buildup can take a day or a few days for Market Makers (MM).
The time frame for buildup depends on the MM's strategy.
For instance, in this scenario, MM is constructing a rising wedge with compressed prices to attract retail traders to go long.
It takes five days for MM tocomplete this process.
Once it reaches the H4 OB (H4 liquidity), it disrupts the buildup and triggers stop-loss orders from buyers.


What we got here is, in simpler terms, liquidity is the level where businesses were conducted in the past.
Institutions bought at a specific level, and some retail traders took advantage of this by making trades.

Our main goal is to figure out where these retail traders have placed their stop-loss orders.
In this example, you can see that price was bought at a certain demand level. Instead of focusing on why the purchase happened, we're interested in identifying where retail traders might have set their stop-loss orders.

Typically, these stop losses would be located near recent price swings, and this is where the liquidity is concentrated.
We may delve into this concept further.