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(binned per thread starter's request) Market bottom rotation trad

  • #6,881
  • Jan 24, 2019 11:07am Jan 24, 2019 11:07am
Quoting janpec1000
{quote} Supply popped lets see if it holds.
So I see how this is / was a better setup than my earlier Dow Jones example. I see the HL's and the flat top.
Question about "Cascading OF" on attachment.
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  • #6,882
  • Jan 24, 2019 11:15am Jan 24, 2019 11:15am
Quoting Wachturm
{quote} bit shaky... closed half pos
other half SL hit..
  • #6,883
  • Jan 24, 2019 11:35am Jan 24, 2019 11:35am
GBPAUD longed
  • #6,884
  • Jan 24, 2019 12:07pm Jan 24, 2019 12:07pm
Quoting bmdenton23
{quote} So I see how this is / was a better setup than my earlier Dow Jones example. I see the HL's and the flat top. Question about "Cascading OF" on attachment. {image}
Yeh you want to see the supply where the main sellers participate to be absorbed and broken. If supply is un-even there is no way to tell that on chart you can only tell it on tape. Tape will tell you at which supply level actually the heaviest size participates, If you dont use tape and only use chart, then look for only very symmetrical supply lines with strong rejections, and lined on similar price level.
I would not consider the setup on AUDCHF taking as there is no clear indication that MM was pushing that, no significant strenght on bull legs, no clear rotations, no volume pops from bottoms, it had overhead supply (uneven supply) ,it did had nice pop trough supply however. So too many bad variables stacked to take that one.
  • #6,885
  • Jan 24, 2019 12:43pm Jan 24, 2019 12:43pm
Quoting Wachturm
GBPAUD longed
closed now
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  • #6,886
  • Jan 25, 2019 5:11am Jan 25, 2019 5:11am
GBPJPY
  • #6,887
  • Jan 25, 2019 5:13am Jan 25, 2019 5:13am
Quoting janpec1000
GBPJPY
Took this and got 1R
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  • #6,888
  • Jan 25, 2019 5:41am Jan 25, 2019 5:41am
Quoting janpec1000
GBPJPY
GBPJPY took 3 longs, played first two conservatively due to overhead supply which was correct decision as price got knocked, held last one for breach. Also got some scalps on Pound futures for 1-2 ticks. 5 R in total.
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  • #6,889
  • Jan 25, 2019 8:12am Jan 25, 2019 8:12am
are you averaging 2-5% per day?
  • #6,890
  • Jan 25, 2019 8:57am Jan 25, 2019 8:57am
GBPUSD just a heads up this is text book NO short case. Heavy limits are soaking up every selling they can. Dont hit that train with head, look for consolidation longs.
At least until the situation changes, will update on i t.

EDIT: Appoligize, meant EURUSD, not GBPUSD, altough GU also fits the case just not as strong as EU.
  • #6,891
  • Jan 25, 2019 9:27am Jan 25, 2019 9:27am
Quoting janpec1000
GBPUSD just a heads up this is text book NO short case. Heavy limits are soaking up every selling they can. Dont hit that train with head, look for consolidation longs. At least until the situation changes, will update on i t. EDIT: Appoligize, meant EURUSD, not GBPUSD, altough GU also fits the case just not as strong as EU.
There it goes shooting higher. Tape needed for this, chart doesnt tell it.
  • #6,892
  • Jan 25, 2019 9:29am Jan 25, 2019 9:29am
What a perfect Trade!!!!
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  • #6,893
  • Jan 25, 2019 9:31am Jan 25, 2019 9:31am
Quoting janpec1000
{quote} There it goes shooting higher. Tape needed for this, chart doesnt tell it.
Nailed the bottom with super small size, got distracted and didn't get a chance to add on the break. Trailing the M5
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  • #6,894
  • Jan 25, 2019 9:38am Jan 25, 2019 9:38am
Quoting janpec1000
{quote} There it goes shooting higher. Tape needed for this, chart doesnt tell it.
Last part of EURO move fueled by short covering above the macro highs, waiting now till end of London for the flow to end to possibly scale in some short. Watching only for now.
  • #6,895
  • Jan 25, 2019 9:39am Jan 25, 2019 9:39am
Quoting fxmir
What a perfect Trade!!!! {image}
Solid.
  • #6,896
  • Jan 25, 2019 9:43am Jan 25, 2019 9:43am
PCG long on supply tkeout.
  • #6,897
  • Jan 25, 2019 9:51am Jan 25, 2019 9:51am
Quoting janpec1000
PCG long on supply tkeout.
PCG long sold. PCG is heavily shorted today, perfect environment for supply takeouts on short squeeze.
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  • #6,898
  • Jan 25, 2019 9:52am Jan 25, 2019 9:52am
USDMXN will look for bounce long if bid shows up on flip area.
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  • #6,899
  • Jan 25, 2019 10:13am Jan 25, 2019 10:13am
Quoting janpec1000
PCG holding one call from 2 days ago (bought at 6,40) strike price 10,00. Its a bit of gomble, but if they get bailed out it will get there, so if they do get bailed its 5R or more trade, otherwise 1R loss. Lets see. {image}
PCG call sold today. It ripped massively yesterday on rummors that company will not be charged and thus my gomble call paid off. Not by any means big trade, but its solid calculated RR, risked 1R and was aiming for 5R in case if bailout or bankruptcy fades away at least for a bit...which it did. Ripped from 6 bucks to 14, sold call at 12.
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  • #6,900
  • Jan 25, 2019 10:55am Jan 25, 2019 10:55am
EURCHF long last one for today on FX.
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