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

Quoting janpec1000

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Tracking GBPJPY for potential long play. {image}

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Quoting Go5

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{quote} Now maybe..

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Quoting janpec1000

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And here we go priority play on PRPO , circuit breaker halt in place, currently up 170% within few minutes. Watching closely for potential short play if it gets a hammering rejection, or potential development of any demand takeout setup is on watch. Hopefully it resumes from halt soon enough. CRME also potential short play if 2,03 gives away. Shorts squeezed but surprisingly weak move after gap. {image}

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Quoting janpec1000

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{quote} Yep thats a very dense structure, lets see if bulls can push again toward highs. 149,05 on the watch.

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Quoting janpec1000

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{quote} GBPJPY could potentially develop into good quality play, bulls are trying.

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Quoting janpec1000

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{quote} 4R gain total , solid quality play. Well done to Go5 for pointing it out. Now holding EURJPY long, its correlated JPY liquidation event trade. This is a good example how large sharks seek liquidity when there is strong liquidity and volatility exchanged backed by strong clean structural moves and strong drops from supply levels revealing strong sellers participating at that supply. {image}

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Quoting janpec1000

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And here we go priority play on PRPO , circuit breaker halt in place, currently up 170% within few minutes. Watching closely for potential short play if it gets a hammering rejection, or potential development of any demand takeout setup is on watch. Hopefully it resumes from halt soon enough. CRME also potential short play if 2,03 gives away. Shorts squeezed but surprisingly weak move after gap. {image}

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Quoting Go5

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Couldn't give heads up, saw it and went right in, 1.2R {image}

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Quoting janpec1000

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de30 on watch for long play.

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Quoting janpec1000

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{quote} And to highlight again why PRPO was priority play of the day. 95% of large short squeezes or news initiated moves on low cap equities will correct fully to the downside, thus its all about correctly timing the short entry to gain a strong 10-30R trade. 1,46 hammering rejection was a decent short entry confirmation. Sadly price moved quickly away and i did not get filled on pending order. Got a decent trade from CRME once 2,03 gave away. CRME a good example showing that exiting loses in chunks and exiting gains in chunks has increased edge...

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