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

Good weekend to you aswell.

27,25 luring to get fill on a long PK. Sold full position on PG for aprox 1R to release full buying power for PK (better quality play).

And the market confirms it was the right decision...PG turding around while PK giving direct squeeze. Solid 2R gain.

Same liquidation pattern played by large players. Same behaviour of price structures. The key is to understand what is going inside structure and at which stages players reveal their hands. 3 liquidation-squeeze patterns from today/yesterday.

Finishing on FX side with 7R gain trade for dollar. EURUSD also performed, but dollar on USDCHF was smoother one.
EDIT: actually let me scrap that, EURAUD still looks like a decent play in next 10 min, will watch it for potential long, bulls forming decent micro shelf near supply line.

DVN on long play, 32,40ish to get long fill.
GPS if micro shelf holds agressively its potential long play.

AVGO A quallity setup ,missed the play.

GPS went with pending stop order on this one, which was good decision.


Trading the market is all about following the sharks with spotting the changes of directions and rotations based on context:

EURAUD last play of the day on FX side, giving strong squeeze after 5700 is taken out. 1R gain there.

de30/dax. proper romper into the close.. missed that one.

good weekend janpec, I've really enjoyed reading your post's. was worth it going through the whole thread last weekend.

EURJPY most likely not a play anymore but a little chances are still there if it takes out demand a likely squeeze.

End of Fridays are often a squeeze to go events on equities since shorts are very trigger scary and tend to exit quickly if someone is pushing the squeeze (to not hold the scary bag over the weekend). Thats why often on end of Fridays on equities youll see bullish moves.

Makes sense. that's why it was a flush move.. full of momo

Okay so for those on the thread giving it a real intention to be consistent day traders this is how plan is to approach the whole situation:
1.Stage 1:
Basically on my beside putting plenty of learning and live material to learn from, observe, repeat and execute on your own behalf. Ask questions, post examples, post mistakes etc...Repeat until you are consistently profitable for at least 1 month on demo or small live acc then move to proper live acc on FX. Meanwhile also use / open equity demo trading acc to start observing / learning / executing trades on equity side as well. Proper day trader should take oportunity of both FX and equity markets to squeeze the best out of the time one gives to markets and screen, a simple equitation why trading both markets is almost a must (bonds, treasuries, Eminis etc are also wellcome).

2.Stage 2:
Once trader is done with stage 1 and being consistent on quality of found setups and executing them, thats where secondary strategy on crypto currency investing comes in. In my view its excellent combo to fit with initial day trading, using partial profits each month of trading to put into longer term (1-2 year) crypto investments. Ill be going trough all required material and lessons needed for one to get a proper strategy with edge to invest in crypto and token projects. (less than 20% monthly profits is recycled in there ). This part will require a lot of hours of study of each individual but it is well worth it, my consistency of 98% accurancy in crypto markets since 2011 also is a good factor backing the principles of strategy. Putting 10-20% of monthly profits into project that in year pays 500-1000% is well worth it in long run. Crypto currencies are future of liquid transactions, especially micro transactions which are impossible to be executed on national currencies especially fiat.

Stage 3:
Long term fundamental strategy for FX/equity markets. Very complex, it involves geopolitical plays, economics, psychology, history and many other infos to cover, this stage will remain optional only for those really interested to gain additional edge to initial stage 1 strategy. It requires large amounts of invested time to learn it.
I will leave this open for anyone interested, but not holding any fingers crossed or pushing it too strong.

Additional to that plan is to keep some challenges every week for those who are already profitable to keep them on top of their game (very tight risk control challanges or TP/SL optimizations, basically challanges based on research adaptation).

After 5 -10 traders are done with stage 1, ill hire programmer to create signal sharing room where efficiently markets will be covered for full proper day trading and covering several markets with efficiency. Up to 15 applicants is my target, but 5 as minimum is good enough. So far there are 3 contributors with solid potential.

FB is targeted for takeout, watching this one closely to get a long fill.

OXY pick a side, one side is likely a losing side, which one would you pick? Hint hint.

117,8 JPM long play on rotation of supply takeout.

FB bulls are fighting hard.

OXY if something has to give, then OXY is the play. Unlikely this will edge into market close without a squeeze.

OXY squeezing nearly at the market close, 117, 69 giving strong clearout before a squeeze. Most likely a single handed player siding in for a Monday play to get long, targetting 118-119. FB same play, 184-5 shelf holding, buyers targeting squeeze on Monday. Took both positions of on mid-BE exit. Lets see what Monday brings. Either a cheap tickets or expensive but proper exits.