Cable&Fiber: Intraday Setups

[AnDDe]

Besides the H4 orderblock and the 1.265 Big Figure, why would anyone have gone long on that pair ? Market flow was down on H4 and also Daily emas were down/flat.

I guess my biggest trouble is determining when to trade in the opposing direction. Kills me hard.

 

[rod178]

Besides the H4 orderblock and the 1.265 Big Figure, why would anyone have gone long on that pair ? Market flow was down on H4 and also Daily emas were down/flat.

I guess my biggest trouble is determining when to trade in the opposing direction. Kills me hard.

The purpose is to take you out, so even if your analysis is correct you will potentially lose, hence always use tight risk management. Always be more concerned about a potential big loss rather than a potential big win.

 

[sqa]

Besides the H4 orderblock and the 1.265 Big Figure, why would anyone have gone long on that pair ? Market flow was down on H4 and also Daily emas were down/flat.

I guess my biggest trouble is determining when to trade in the opposing direction. Kills me hard.

Fiber is the easier one to explain. Last week's high Broke H4 MS Up, without retracing the range fully. It broke back up on Late Monday, retraced to a Key Level/OTE and H1 & H4 Order Block Stack. That's a high probability setup. 220+ pips, however, is a rare result.

Cable was a lot lower probability. At least by ICT methodology.

 

[AnDDe]

Thanks very much for the explanation Sqa.

 

[sqa]

Thanks very much for the explanation Sqa.

Np, now if only I could see that, in time, on my actual pairs (I don't trade Fiber currently) and/or not be asleep when they happen, I'd be doing supreme right now!

 

[the golden gun]

Cable LC Continuation

Here's a setup I haven't had the pleasure of sharing yet, the London Close continuation trade. If price doesn't get anywhere during NYO, and there's potential left in the day, a continuation of LO price action might be in the cards.

Target was an hourly order block @ 6166

31 pips extracted!

 

[TopFroxx]

it has gotten too quiet in here.
aaron, piper, rod. come back please. it's boring!

 

[the golden gun]

Cable NYO Long

it has gotten too quiet in here.
aaron, piper, rod. come back please. it's boring!

Sure I'll come back and share a setup...

From my experience I've found 9AM EST to be a key trading time for Cable, so hopefully that helps explain the entry.

But I'll let the charts do the talking

Today's Gain: 40 pips

 

[rod178]

it has gotten too quiet in here.
aaron, piper, rod. come back please. it's boring!

be careful what you ask f0r- well, comedy relief and you 'got it' !

 

[the golden gun]

Bonus: Fiber Short!

Here is another trade someone might have spotted today on the Fiber...

Full potential of the trade likely not realized until next week, but 30 pips offered insofar...

 

[the golden gun]

FOMC Fiber Short

Just another day at the office...

 

[jack]

Very, very nice.

 

[the golden gun]

Japan is really fucked up. Glad I don't trade the Yen. That is all.

 

[SLT]

Japan is really fucked up. Glad I don't trade the Yen. That is all.

Thanks for reminding me
when i do something stupid, it is always a yen pair!
i dont know why, it just is...
Next time i open any yen chart, i will look at the wall that says stupid on it
then look at the wall that says, wise up cowboy!
no offence to spa, he has the ability for the yen
i am just a technical head at best, and watching the calender of course

 

[the golden gun]

Thanks for reminding me
when i do something stupid, it is always a yen pair!
i dont know why, it just is...
Next time i open any yen chart, i will look at the wall that says stupid on it
then look at the wall that says, wise up cowboy!
no offence to spa, he has the ability for the yen
i am just a technical head at best, and watching the calender of course

When I say Japan is fucked up, I really mean the BOJ is fucked up. Japan is a wonderful country with a proud people and history.

It's pretty clear now that the Central Banks are just taking turns debasing all fiat currency. They don't know what else to do, I guess. Desperation never helps in objective decision making. IMO this is where Democracy fails. The people need a leader that will have the courage to endure short term pain for the benefit of future generations. Sadly, politicians find it easier to get elected by promising free money to everyone, forever.

I'm very thankful that I'm one of the few that actually realizes what is going on, and will have time to prepare. 999/1000 people won't...

As for the BOJ printing press announcement, I knew right away the yen would fall over 250 pips today. It's a familiar pattern, that distinctive one-sided trading that only the BOJ can conjure up, but I still didn't trade it, out of spite I guess

 

[pipmart]

hmmm... I'm curious golden gun. What are you doing to prepare?

 

[SLT]

my best friend moved to Japan after loosing millions in the Australian retail sector, mind you he took a huge risk pre crisis.
Him and he's wife have now re established them selves with a new business, in one of the mountainous regions of Japan, an absolutely incredible area to...
any thing is possible once you pull your head out from under your sorry ass! and realize the opportunities elsewhere in this world

 

[the golden gun]

hmmm... I'm curious golden gun. What are you doing to prepare?

buying real assets with fiat currency.

 

[SLT]

Cable's weeks ahead outlook...

 

[Kuzia]

buying real assets with fiat currency.

And someone who doesn't know he`s Obamas cousin too!