KLXI ask stack, A quality play , if bid panics could turn into good end of the day play. If not its a break even most likely. 71,50
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Ending the day here on solid winner, KLXI, bid gave up near market close after a ask stacking, delivering large move. Covered for 6 R gains. Loading size on A quality plays and playing defense on B quality plays is the way to move forward.
Choppy and somewhat un-smooth day overall, but it all depends how one plays the hands of cards given over long run, that is what displays overall performance. Knowing the plays to play and the plays to fold for long run consistency.
80% patterns traded here are market makers patterns thus one should understand that to be positioned at correct side of order flow at least half of trades should go straight into traders direction without any significant DD.
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Hello, can you list all possible patterns? Also can you should example charts of forex?
{quote} Yes, this example. Am on the right path? You place you buy order right above the resistance (yellow line) or somewhere else? {image}
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Technically since EMs are under capital outflows buying at new highs is a way to go, but usually i do it with small position, mind that if you really want tight risk control you need structure to be more defined and developed so that there is order flow backing your entry.
What i mentioned is that continuation plays should rather be considered, continuation play structure has been explained many times in thread what it is and how it looks like.
When market is under flow two types of plays are best to focus on: continuation and pullback leg rotation (both following the direction of flows).
Saudis confirming Aramco to be IPO listed soon. Was tracking this one for over a year, now it seems like its really to become reality. This could be once in lifetime opportunity, it basically almost never happens to see blockbuster to be listed as IPO. My assumption is that once it gets listed it would be heavily liquid even though that it has limited access of internal market, so using micro strategies and longing the heck out of it would be a pretty safe play, plenty to be made.
Currently HSBC is offering brokerage services for internal stock market of SA, ill consider opening acc there once it gets very close to the IPO listing. Well worthy chance to take. Probably the easiest trade /s to make ever once this hits the market.
Jan, a bit difficult markets today, dunno whats the reason.
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Has been on FX for past 3 days. Just a chance, sometimes its better sometimes its worse just a regular thing in FX. One thing i like about equities is that that market is pretty consistent.
(binned per thread starter's request) Market bottom rotation trad
