TRY on alert set for potential pullback leg rotation play, needs down leg now and then momentum leg with HH bake. {image}
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TRY didnt get filled on any pending longs, tried to catch it on micro shelf lows but spread kinda wasnt allowing the fill. Bulls currently absorbing the supply so likely the highs will be taken out.
On watchlist today for potential continuation momentum plays IMTE. Massive runner yesterday and today on pre market trading up almost 100%. If buyers come in, its a solid play to look for micro long plays. Goes without saying....tiny positions as volatility is insane.
{quote} Combo setups have been explained few times in terms how you can approach it. You can do it the way you said where for example you have macro setup and then you use M1 to enter around the exact / similar area (if M1 is printed) of where the macro play entry would be. This is best RR way to move, but very important thing to keep in mind, doing it this way you will get low amount of trades(especially if trading only FX). Without the doubt one will finish month on green with cosnistency if approaching plays like that but this kind of trading...
Ethereum ,placed 3 pending long orders each higher than previous, didnt get a fill on any of them it went straight up. Happens though, missing a play is not the end of the world.
On watchlist today for potential continuation momentum plays IMTE. Massive runner yesterday and today on pre market trading up almost 100%. If buyers come in, its a solid play to look for micro long plays. Goes without saying....tiny positions as volatility is insane. {image}
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IMTE as said if bulls come in its a long play, but perhaps the better option is thinking where and how to start shorting it. This will crash hard most likely and go to where it came from once the buying frenzy is gone. For now there is limited price range on bull / long side, and huge potential opened area on short / bear side. 1 week from now this trading at 10 is more likely than trading at 40. Was checking Twitter and stuff around today so looks like there is huge amount of FOMO bulls looking to get into this so maybe we have one more strong bullish day, defenetly not forcing any shorts on it, momentum needs to change first.
HTBX also on watch for potential out of the gates play, company just took a share offering for 18 mil shares, which is a bearish macro. Currently down 50% on pre market trading looking for shorting opportunities.
HTBX also on watch for potential out of the gates play, company just took a share offering for 18 mil shares, which is a bearish macro. Currently down 50% on pre market trading looking for shorting opportunities. {image}
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HTBX short covered for 1 R gain the rest break even. Ask stack and a down move after bid gave away.
{quote} Ethereum ,placed 3 pending long orders each higher than previous, didnt get a fill on any of them it went straight up. Happens though, missing a play is not the end of the world. {image}
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Ethereum, decent move, markets realizing sharding is a strong tech feature incoming for it, likely to see in next 2 months further bullish momentum baking and continuation plays.
USDTRY printed another rotation setup. Having a macro context to place the trades with is always going to outperform only a strict technical analysis view.
(binned per thread starter's request) Market bottom rotation trad
