$2,500 - $1,000,000

Aarnog

Well-Known Member
Good morning!

So, I'm going to give this Trading View thing a shot - see if it makes my explanations any easier or clearer:

https://www.tradingview.com/x/tsCBWdrX/

This is my basic expectation for the day on the cable. A stop raid on the stops below 1.5065, moving up to the breaker/bearish mitigation block at around 1.5120 (also an OTE/key level), and then down below yesterday's low and lower into the week.

i'll be looking to go short around the 1.5120 level.

Wish me luck!
 

fredfresh

Well-Known Member
same here
my limit sell order at 20 didn't get triggered by a few pips..
still keep it active for now, in case this turns out to be a S&D kind of story today..
just starting trading again today for this year.. not in a rush;)
good luck
cheers
 

the golden gun

RINSE & REPEAT
did everybody and their dog try to sell cable today??? makes sense why it's going up ;D

twitter full of attempted cable shorts in response to michael's Voila ;) comment
 

fredfresh

Well-Known Member
didn't check twitter yet, but I intended to take that trade through limit order.. however, I closed it before it got triggered due to the price action of usdx. I guess those old highs are just too tempting to be left alone by the market makers;)
If USDX breaks below 94 then I would assume it going down all the way to 93, in which case cable and fiber could retrace higher for a bit.. let's see what the market has on offer for us.
It is end of the month.. some profit taking going on I guess..

cheers
 

jack

Administrator
Staff member
Aarnog said:
Good morning!

So, I'm going to give this Trading View thing a shot - see if it makes my explanations any easier or clearer:

https://www.tradingview.com/x/tsCBWdrX/

This is my basic expectation for the day on the cable. A stop raid on the stops below 1.5065, moving up to the breaker/bearish mitigation block at around 1.5120 (also an OTE/key level), and then down below yesterday's low and lower into the week.

i'll be looking to go short around the 1.5120 level.

Wish me luck!
Hey, so what's actually really cool is that your Tradingview link returns a PNG image directly without any website wrapped around it. That means wrapping the link with IMG tags will embed it in the forum:

Like this:
Code:
[IMG]https://www.tradingview.com/x/tsCBWdrX/[/IMG]
To produce this:
 

Aarnog

Well-Known Member
I didn't even think of just throwing img tags around it. I'll keep that in mind!

Also - keep in mind I am doing 30 pip scalps! I'm not looking to get in at the low or high of the day, just at areas of profitable and probable bounces! If I catch a big move, then I'll take more, but my real profit targets are 30 pips/trade.

Keep in mind that I am awake from 1:30-3:30am (ish) my time. My goal is to be in a trade, and either nearly out, or at 0 risk by the time the Cable and Fiber news starts coming out. I can't really stay up much later than that, because I work 10+ hour days from 7am-5pm or later. I can't even really trade New York session. It's a real bummer.

With that in mind - you can see that the real entry for the long today (1.5065 or so) happened right at the tail end of my awake time, so there is no way I would have been able to trade it without sacrificing what little sleep I get. I hate days like that. I much prefer when the entries occur around 2:30 or so.
 

Aarnog

Well-Known Member
So, I'm just doing a basic overview for the week - we had 2 large moves over the past few weeks leaving price a lot of gaps to fill.

On the cable specifically:



I am thinking that price is going to attempt to fill the gap (box A) a little more. I'm thinking there will be a move Lower into Monday-Tuesday, a bounce, and a move higher up to maybe even the 1.5480 level into the end of the week. Then next week we'll probably start to slide lower. and continue the trend.

This is all just amateur guesswork, of course. We'll see how things play out!
 

Aarnog

Well-Known Member
So, on the Euro - the stops below Wed/Thurs low were swept - price has moved upward. I am expecting price to be bullish this morning, if at least to fill in that giant void right above where price is at:



Also, I see bullish divergence on the cable on the 4h chart:



Lastly - this is what I would like to see happen today:



Here's hoping!

Also - I would like to add that I am in love with Tradingview's snapshot tool. Best thing to have ever happened.
 

Aarnog

Well-Known Member
Price didn't retrace as high as I wanted it to last night. I'm not that sad.

Tonight's plan: Short the Cable.

Reasoning:

Market maker sell profile/generally short.



Stops above previous highs (raid this LO?)



Going for my usual 30 pips.

Also - on the EUR/USD:

Whiplash price action, market structure break.



Stops waiting inside rectangle. Probably raid:


One of these days I'm going to do a more thorough analysis than this in my posts. Until then, this is what you get!

Basically, I am looking to short the EUR/USD around 1.3600, and short the cable around 1.5250.

Wish me luck, or tell me why I am wrong! Learning is a shared process after all!

Maybe I'll start a MyFXbook, too.
 

Aarnog

Well-Known Member
Update:

Entered short on Cable @ 1.5240. Closed for +16 pips. Not quite at my goal, but it looks like we hit an order b lock with the news and reversed pretty thoroughly. I'm going to get some sleep and hopefully catch something in New York!
 

Aarnog

Well-Known Member
This morning:

I am looking to go long on the Cable and fiber:

Entry levels for Cable (as well as SMT divergence):


Fiber - same sort of idea:
 

the golden gun

RINSE & REPEAT
Aarnog said:
This morning:

I am looking to go long on the Cable and fiber:

Entry levels for Cable (as well as SMT divergence):


Fiber - same sort of idea:
hope you picked the cable setup, lol

doesn't it suck when you pick the dud?
 

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