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

USDRUB long covered. TRY popping aswell.

USDCAD supply absorbed and taken out, didnt took a play on it.

Dollar macro sertup in development likely to see this one pop to the upside. Its clear that driving seat is set, even without FED hike 2 days ago the markets are clearly responding with bullish tact, TRY is the most sensitive one responding counter-correlated to it leading the emerging markets down. Potential good macro setup to take place in next 1-3 days (USD or MXN side or both).

USDMXN supply absorption with micro shelf, potential up move. Spreads not favorable for entry.

TRY currently marking strongest weekly selloff noted in past few years. Once currency enters expansion state of devaluation there are only 2 moves that country / goverment has in cards to play, one is tapping into war chest of strategic USD reserves to defend the currency or to defend the banks by capitalizing them, the second is to raise rates to squeeze the shorts and fight the inflation. Why TRY is really caught in rock and hard place is because technically there is nothing that TCB or goverment itself can do with either of those moves since situation does not favour either of moves.
On hand Turkey has about 40-50 billion of usable reserves which is basically nothing, since the size of economy and currency supply overall is far greater than that, thus markets realize there is noone throwing good money after bad money to defend the currency with foreign reserves, which markets price on the down side.
Second move such as rate hikes are also not favorable since external debt keeps growing (USD nominated) and with somewhat rising dollar things get even worse.
Rate hikes would take inflation under control but they would cause a cascading event of liquidations and most likely short fall of many banks which could be just a nightmare. And in the end the only effective hike would be kamikaze hike, 2-3% surprise hike to switch the bearish momentum, anything less that that...markets will take it as weakness.
So therefore.....a case for TRY shorting over next years remains in place, unless there is a really small chance that the emergency rate hike does happen, probably odds for that are slim.

Here we go, dollar at play. Eyes on micros.

Dollar long covered for 4 R gain, didnt print any micro setups, macro went straight to target under news flows.

Equities might be displaying some weakness today under dollar rally. Perhaps more attention to be paid to shorting setups.

CREG potential direct play from gates open. Up 50% on pre market trading, potential momentum play.

CREG no play, already completed the move on pre market.

HK ask stack.

FLR A quality continuation play with exposed weakness on bounce and behaviour change.

FLR flopped but handled it well. 2 R loss on short and 2 R gain on flip long. A quality play can flop if huge order comes trough at the end is all about order flow not the setups.

WGL short sold for 1 R gain. Was just few seconds to late to cover it on lows for decent gain.

GOGO ask stack shorted 8,28. 1 tick SL above the ask.

GOGO short sold for 1 R loss.

KMT

CHFS short covered for 1.5 R gain.

NTCT ask stack, this one is a bit more problematic to play as its 5 cent ticker. But if filled on highs its a go.

AER potential rotation play after impulse if HH is baked on momentum.