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

  • #1,181
  • Edited 8:01am Mar 14, 2018 7:51am | Edited 8:01am
Quoting janpec1000
Eyes now on USDCAD, a news event might be perfect liquidation oportunity for large sharks to fill longs on clearout. Close watch on M1 for tighter micro play.
3R gain on solid clearout performance. Typical clearout structure where price forms strong HLs and HHs after down trend, and then with strong running going into clearout where the large players will fill in longs to rotate the price.

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Backing of above example by USDJPY pointing towards dollar stops being cleared out.
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Same exact example of clearout on EURUSD from 2016 referendum vote.
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  • #1,182
  • Mar 14, 2018 7:59am Mar 14, 2018 7:59am
AUDUSD looking for short play if demand is taken out.
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  • #1,183
  • Mar 14, 2018 8:05am Mar 14, 2018 8:05am
Quoting janpec1000
EURJPY took 1.5R . {image}
I took a loss on that exact same trade. My SL was too big so never reached TP.
You got to strike when the moment is right without thinking
  • #1,184
  • Mar 14, 2018 8:09am Mar 14, 2018 8:09am
Quoting janpec1000
{quote} 3R gain on solid clearout performance. Typical clearout structure where price forms strong HLs and HHs after down trend, and then with strong running going into clearout where the large players will fill in longs to rotate the price. {image} Backing of above example by USDJPY pointing towards dollar stops being cleared out. {image} Same exact example of clearout on EURUSD from 2016 referendum vote. {image}
Great stuff, of course the news event froze my platform...
  • #1,185
  • Mar 14, 2018 8:12am Mar 14, 2018 8:12am
Quoting Go5
{quote} Great stuff, of course the news event froze my platform...
fxcm?

USDCAD got BE+, went for 4R.
It's in fear when people show what they truly value.
  • #1,186
  • Mar 14, 2018 8:13am Mar 14, 2018 8:13am
Quoting ensale
{quote} fxcm?
ICM & JFD
  • #1,187
  • Mar 14, 2018 8:23am Mar 14, 2018 8:23am
Quoting Go5
{quote} Great stuff, of course the news event froze my platform...
Yeh happens somethimes, those micro black swan events happen across any markets or platforms on daily basis but funny enough even if you trade markets a lot statistical chance to get hit is actually very low. I dont remember when i was last time hit by one, defenetly more than a year ago and i am pretty active trader.
For example you can get large order fill with massive price spike against you (often in equities), or platform freezing while you have not yet set SL, or your net going out while being in trade or scaling position to R/volatility expecting 1R risk (no SL use) news hit and you have 10R loss on your hand, events like that are technically always in play, but just by statistical chance for trader to be at that exact time engaged in that exact instrument is very low.
  • #1,188
  • Mar 14, 2018 8:24am Mar 14, 2018 8:24am
EURJPY will track for potential clearout play ,lets see if 700 gets taken out. Also tracking symmetrically EURGBP.
7899 is still on track and watch for AUDUSD.
  • #1,189
  • Mar 14, 2018 8:36am Mar 14, 2018 8:36am
Quoting janpec1000
EURJPY will track for potential clearout play ,lets see if 700 gets taken out. Also tracking symmetrically EURGBP. 7899 is still on track and watch for AUDUSD.
EURJPY clearout baked, well done for those who caught it. Now demand is completly cleared and there could be substential drop incoming.
  • #1,190
  • Mar 14, 2018 8:37am Mar 14, 2018 8:37am
Quoting Go5
{quote} ICM & JFD
never heard off them.
It's in fear when people show what they truly value.
  • #1,191
  • Mar 14, 2018 8:39am Mar 14, 2018 8:39am
AUDUSD shorted.
  • #1,192
  • Mar 14, 2018 8:49am Mar 14, 2018 8:49am
Quoting janpec1000
AUDUSD shorted.
On my chart it blasted trough the level, how did you get filled?
  • #1,193
  • Mar 14, 2018 8:52am Mar 14, 2018 8:52am
+1R on EC and +1.5R on GA
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You got to strike when the moment is right without thinking
  • #1,194
  • Mar 14, 2018 8:55am Mar 14, 2018 8:55am
Quoting janpec1000
AUDUSD shorted.
Took 2R gain.
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  • #1,195
  • Mar 14, 2018 8:55am Mar 14, 2018 8:55am
Quoting Go5
{quote} On my chart it blasted trough the level, how did you get filled?
Was fishing ahead with pending stop order. After price kept printing lower highs and especially the last weak LH it was pretty clear what is likely to happen.
I would not suggest this for those who are following thread to use before you completly understand each pattern traded, this takes lot of repetition on exeuction side to spot little differences on each pattern.
  • #1,196
  • Mar 14, 2018 8:58am Mar 14, 2018 8:58am
Quoting Vincelev
+1R on EC and +1.5R on GA {image} {image}
GA is still a bull play if whole area supply is taken out. I am not going to attend it since its a bit too weak setup overall but its likely it would work. Only maybe if clear microshelf is printed.
  • #1,197
  • Mar 14, 2018 9:07am Mar 14, 2018 9:07am
AUDCAD on watch.
  • #1,198
  • Mar 14, 2018 9:07am Mar 14, 2018 9:07am
Quoting janpec1000
{quote} Took 2R gain. {image}
I've noticed quite a few attacks are launched from session open price level. not a factor in what you do. but just something I've noted
It's in fear when people show what they truly value.
  • #1,199
  • Mar 14, 2018 9:11am Mar 14, 2018 9:11am
WLL on watch for continuation long play.
  • #1,200
  • Mar 14, 2018 9:12am Mar 14, 2018 9:12am
EJ to watch
You got to strike when the moment is right without thinking
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