Hi, it's Wyckoff terminology. Its not part of the strategy but it helps you understand the phases of the accumulation and distribution. Please read the following link : url Volume plays a big role in each stage. We can go into this later

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

Off topic again but... we're moving!

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

GU? Yea there's two swing highs to wipe. I'm not sure about up or down, i'll figure it out tonight and post my analysis later

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

Please note that a KL sweep is not enough-- you need a S&D zone to back it up OR an FVG Use the FVG indicator in tradingview Pivotpoints can be quite useful too, although they are not part of this strategy. Usually, you'll get around a 30-50 pip ...

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

I like this style of trading because you know exactly where you're looking for a trade, you can set alerts. Look forward to showing it action next week Setup 2&3 will follow in later posts. But really, this one is all you need.

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

On GU? I haven't done my analysis yet. From memory, there's two swing highs that will be wiped soon to reach daily supply. I'll post my analysis later

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

Thank Rick. Still holding my BTC shorts. Let's see how it goes!

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

The drop is here on POC. I'm heavily short.

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

Here's a vid on Setup 1 narrated by yours truly video

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

Heres the drop

Cable Update (GBPUSD)

Note the high volume point of control from August - This is the supply we're currently distributing on

Cable Update (GBPUSD)

Off topic, but lets look at BTC. We've wiped the September high with a LQG. We're currently sitting on a high volume supply/high volume node from back in August. I'm currently selling

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

Good times Phil! This setup occurs every day. Looking forward to showing examples

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

Example from Friday. Follow the trend. High volume node is from weekly market profile in the top left.

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

BTCUSD probably going to wipe these equal highs. Might be quite a big spike. May have to adjust my stop a bit.

Cable Update (GBPUSD)

Yes-- I trade strictly intraday but, you can still look at daily highs and lows and weekly highs and lows for example. When GU is making unexpected rallies it's usually to take out stops above or below Weekly or Daily swing highs and lows. I'll make ...

The trading environment has become so difficult now

The solution is to trade where most retail traders put their stop losses My core setup for GU is based on this. Trade after Key Level sweeps (things like session highs and lows, daily highs and lows, weekly highs and lows, m15 swing highs and lows, ...

The trading environment has become so difficult now

Lets see Edit- I think it may take out the last high, this may be inducement. I'm gonna move my stop up slightly.

Cable Update (GBPUSD)

@pipcentorian I think your sell limit at 23105 is the right call It's about to wipe the double top on LTF First target 20360

Cable Update (GBPUSD)