Cable&Fiber: Intraday Setups

[rod178]

Did you happen to see GdayFx's "bottom picking" trade? Sorry you didn't make money yesterday rod178, maybe tonight.

.. and good luck to him. Seems to be a real trader.

 

[sakib717]

If price follows yield and you see USD making higher highs and higher lows, while GBP is making lower highs and lower lows, which pair is the strongest? The USD, is it not?

So why do you think USD will decline in the near future given this graph?

i see sell model in usdx, while price is rising in usdx open interest declining its a indication of trend is running out of steam thats why i thought that. its only my view

 

[Hopiplaka]

i see sell model in usdx, while price is rising in usdx open interest declining its a indication of trend is running out of steam thats why i thought that. its only my view

And I see an OTE into an hourly order block in line with the current trend

 

[sakib717]

And I see an OTE into an hourly order block in line with the current trend

trend or range ?

 

[Hopiplaka]

trend or range ?

Both even. The range goes to 88.70, the trend is up for USD at the moment

 

[sakib717]

Both even. The range goes to 88.70, the trend is up for USD at the moment

i expect that too, usd will go up 86.36 then i expect fall.

i dont know whats happening im just anticipating.....

 

[Hopiplaka]

i expect that too, usd will go up 86.36 then i expect fall.

i dont know whats happening im just anticipating.....

Yesterday we hit the 1Hour order block in USDx. Today we hit a 1H order block again, i.e. a nested OTE.
All of this at the equilibrium point of beginning of last weeks consolidation.
GU made a higher high while EU failed to make a higher high, and we are in LO KZ, so I think this makes a nice short, where EU is the weaker pair

 

[sakib717]

Yesterday we hit the 1Hour order block in USDx. Today we hit a 1H order block again, i.e. a nested OTE.
All of this at the equilibrium point of beginning of last weeks consolidation.
GU made a higher high while EU failed to make a higher high, and we are in LO KZ, so I think this makes a nice short, where EU is the weaker pair

nice anticipation. usdx in now daily order block.

im scared of SMT divergence i used that but thats not helped me so i dont like to use it in my anticipation

 

[the golden gun]

I see lots of USDX discussion. For the record, I don't utilize USDX in my daily trading. I reference it a few times a week (and mainly the daily USDX) just to see where we are from that perspective.

This is probably my major divergence with ICT. I do very little intermarket analysis. I feel that because my trading is so technical, all I am really interested in is the clusters of orders on the market I am trading. That is what I focus on, that is what I bet my money on.

One thing about the USDX that I find funny, is the skewed proportions of the currencies in the basket that make up the "US Dollar Index". Anyone care to guess what weight the EUR carries all by itself?

 

[sakib717]

I see lots of USDX discussion. For the record, I don't utilize USDX in my daily trading. I reference it a few times a week (and mainly the daily USDX) just to see where we are from that perspective.

This is probably my major divergence with ICT. I do very little intermarket analysis. I feel that because my trading is so technical, all I am really interested in is the clusters of orders on the market I am trading. That is what I focus on, that is what I bet my money on.

One thing about the USDX that I find funny, is the skewed proportions of the currencies in the basket that make up the "US Dollar Index". Anyone care to guess what weight the EUR carries all by itself?

can you explain more about clusters of orders on the market ?

 

[SLT]

my take on cable for now...

note cable does not carry as much a weight as fiber does it? nor aussie or swiss

 

[the golden gun]

can you explain more about clusters of orders on the market ?

limits & stops (aka liquidity)

Where they cluster together is where I do my trading. Orders move the market, so focus on where the orders are...

 

[the golden gun]

my take on cable for now...

count the "peaks". I see 2 formed so far. If the 3rd peak lines up close to that OTE... it's show time

 

[SLT]

count the "peaks". I see 2 formed so far. If the 3rd peak lines up close to that OTE... it's show time

Do you mean something like this?

 

[Hopiplaka]

Do you mean something like this?

I see the 1.6116 resistance line, SMT divergence between EU and GU and USD and GU, stop cleared on USDx and GU, reflection pattern on GU and turtle soup

I'm in EU however and I don't want to hijack your interesting thread GG, just want to give my opinion

 

[SLT]

im seeing liquidity @ 1.62500 for another day, maybe price wants to get there

fiber could still rally and interesting to see if aussie cracks last weeks high

 

[the golden gun]

Do you mean something like this?

Yes, exactly.

 

[sakib717]

usdx 4hr bullish market structure broken............

 

[the golden gun]

I see the 1.6116 resistance line, SMT divergence between EU and GU and USD and GU, stop cleared on USDx and GU, reflection pattern on GU and turtle soup

I'm in EU however and I don't want to hijack your interesting thread GG, just want to give my opinion

It's not hijacking, I appreciate your input & perspective. I just want it to be clear what I focus on, for anyone that might be reading and wondering.

 

[the golden gun]

Fiber Long

Dirty Fiber Long, off a failed OTE on a 5M chart. Why take a dirty entry like that? Because the time of day was Optimal (just before London Open, 1AM my time)

Exit on the 70% and 79% levels. You can see my target was higher, but I cut bait at the "safe" area because of how quickly price reached that level.

Gain: 30 pips