I think it's over today Monday summary-- one trade, breakeven, turned out to be a good entry just needed time to breathe Entered on passive buyer absorption but I read the deflection by m1 supply meant I wasn't comfortable holding as there was ...

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

Got it,spent the last 10 mins reading about it must be new

Cable Update (GBPUSD)

1.2817-20 VWAP area chance for a final drop otherwise, i missed the buy cause i moved my stop up too quick could quite easily be a false breakout though hold up what's this 'Juneteenth?' Never heard of that? Real holiday?

Cable Update (GBPUSD)

realization sinking in that possibly my original entry was fine and i just needed to let it breathe price action tells me more than 50/50 we'll have one more spike down and would make sense to contact that demand so fingers crossed.

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

looking for any absorption around Friday's POC next still a good amount of passive buyers just above if we dont get a reaction there then i'll forget buys for today hopefully not like a scenario couple weeks ago where the POC was in the 90s but the ...

Cable Update (GBPUSD)

looking for absorption around 1.2792 for second trade targeting 40 pips if this doesnt transpire then, change of plan high volume accumulation zone still think of one more 'clearout' before any serious pullback some passive buyers on 1.28 just ...

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

i breakeven'd. 1.2791-95 is the last chance

Cable Update (GBPUSD)

no dice, looks like the m1 supply held--i will probably BE i'm also looking around 2791-94 area.

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

i'll set to BE. if it doesnt break this m1 supply it's not good. means it could make another low.

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

so far so good, will set stop to breakeven in a min just a scalp, 20-30 pip volume isnt what i'd want to see yet but it is 11am

Cable Update (GBPUSD)

started my scale in

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

i see a GU buy for 30/40 pips from 1.2805-1.2798 area could be away already but i think dxy needs to revisit the hourly demand created Fri

Cable Update (GBPUSD)

i think there's a buy coming up. just waiting for a push below london lows

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

dont trade wedges but, agree the edges are typical manipulation areas, i don't draw trendlines on hourly anymore but would not be surprised by an upside break 1.2880 is my interim target for the week but dont think it will hit today (it might), ...

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

waiting for a final spike down for buy if it doesnt hit then so be it 1.2802-05 currently where the bid liquidity is at

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

again, its irrelevant to me. i'm scalping 20-40 pips with under 5 pips stop, check the first dozen pages of the thread first trade i'm looking for a buy and second trade if the volumes confirm is (possibly) a sell trades are normally closed in under ...

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

looks like we bounced from current daily poc i'll look for sells when dxy lines up on that level and highs have been taken , and order flow/Footprint agrees 1.2805 still a reasonable level to hunt a buy (below asia low) we got a surge of ...

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

Morning I think buys initially, when dxy hits 102.2 and below (GU may be above Monday and possibly Friday highs first), then look for potential sells to Fri low If we get to 1.2805 I'll look for buy here

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

I am a scalper so I will play both ways still but, yes, longs will be preferred

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

Correct answer This is a visualisation of G/U liquidity when we were down at 1.24 earlier in June Rare to see this amount of passive orders in the market except at reversal zones

Cable Update (GBPUSD)