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Attachments: Market bottom rotation trading
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Market bottom rotation trading

And here is checklist one can use for A quality pullback leg play (structure has to pass all checks to fit it):

-clean strong impulsive up trend ahead of structure
-flat positioned demand, buyers keep picking up when price retests the lows (signaling strong buying pressure) or soft rounded demand (no strong dips on lows)
-at least 3 highs / lows in structure (the more the better)
-strong momentum HH bake on last leg

Bellow example that fits A quality play.
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Realistically for anyone that trades all FX pairs, there should be only 2 plays per day on M1 a day. On higher TF its usually 0 per day, and 1-2 per week. If trader gets much higher number of plays than that, then checklists for both supply takeouts and pullback legs A quality plays are not followed properly.
In equity markets, usual average is 3 A quality plays a day on M1. Any numbers much higher than that are signaling not following the rules or identifying the plays correctly.

Generally a good rule that confirms if trader is taking good quality plays and reading order flow correctly is how many trades have minimal or 0 DD. If only 10% trades have minimal DD then order flow is likely not read correctly and there are too many B quality plays or just B quality entries on the plays. Over 50% of A quality plays have 0 DD beyond key flipped order flow area (HH bake point).
Brilliant, thanks a lot for the information Janpec
Thin market today in FX, not much to see. Gonna wait for NYO on equities.
NIO todays primary focus, new fresh and hot IPO, heavily traded and crowded. Looking only for long plays of pullback legs along hot momentum.
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for this to work, it usually needs US stock dropping hard, or solid going down......
so definitely need momentum to pull trigger
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Quoting janpec1000
NIO todays primary focus, new fresh and hot IPO, heavily traded and crowded. Looking only for long plays of pullback legs along hot momentum. {image}
This plan went straight off the table, NIO droping heavy, halted. Focus elsewhere....
Quoting charvo
for this to work, it usually needs US stock dropping hard, or solid going down...... so definitely need momentum to pull trigger {image}
Current bear leg is too weak, the leg that goes into demand has to be much stronger than the one currently printed. So either it bounces and retargets demand, or its a pass.
112,02 USDJPY longed on pullback leg rotation. Also longed NVDA.
Quoting janpec1000
112,02 USDJPY longed on pullback leg rotation. Also longed NVDA.
NVDA long sold in 3 chunks for gains. USDJPY long sold for break even, micro shelf didnt hold, was skeptical of playing this one since the bull momentum started to fade on top of structure.
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BK on watch, this one is very symmetrical its a thin ticker however, so chances are sellers could dump it.
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Quoting janpec1000
BK on watch, this one is very symmetrical its a thin ticker however, so chances are sellers could dump it. {image}
BK long sold at break even, was a right decision, thin trading tickers can make quick turns if there is no enough liquidity.
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Potential play on USDCNH before NY closes, tariffs comfirmed, CNH should now take another hit along with further drop in Monday. Looking for bullish pullback leg setup on USDCNH. Plotting here mid term macro target for USDCNH with target above current H4 highs 6.895X
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Quoting janpec1000
Potential play on USDCNH before NY closes, tariffs comfirmed, CNH should now take another hit along with further drop in Monday. Looking for bullish pullback leg setup on USDCNH. Plotting here mid term macro target for USDCNH with target above current H4 highs 6.895X {image}
Shorts are pilling in to CNH no doubt, from demand side dollar is prompted up on current pre-close level. Most likely further upward move from here, and potential gap open higher on Saturday Tokyo. Longing some with small position size and holding over weekend. This is high probability play, market has to price in new 200 billion of trade war tariffs impacting CNH / CNY thus its unlikely to see USDCNH go anywhere but higher from here.
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MTCH last play of the day, if it retraces for entry.
Quoting janpec1000
MTCH last play of the day, if it retraces for entry.
MTCH long sold, end of the day squeeze, overlaping play with 2 setups. Observing the strenght of who is in charge is key variable in trading. Demand area was clearly prompted by strong player/s in this case, heavy quick moves in demand area are almost always indications of strong market orders which is identication of strong players getting filled.
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USDCNH priority focus next week, macro play looking for long plays along strong bull momentum. As pointed on posts above.
AUD JPY, showing a bit of rounding
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Target reached, entry a bit late....should have been lower
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Quoting Forexmeoff
Target reached, entry a bit late....should have been lower {image}
That was very good structure indeed, the strenght of bull legs was significant showing a potential for bottoming here. Micro shelf held as well on bounce.
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