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  • #3,581
  • May 23, 2018 8:47am May 23, 2018 8:47am
Quoting janpec1000
Dollar.
Perfect fill on a bounce.
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  • #3,582
  • May 23, 2018 8:49am May 23, 2018 8:49am
Quoting janpec1000
{quote} Yes CHFJPY was a decent structure, missed the play on it.
its still in play. HAd tiny loss because it came back, so reenetered after retrace. LEts see
there is still powa
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  • #3,583
  • May 23, 2018 8:58am May 23, 2018 8:58am
Quoting charvo
seems making a setup {image}
tbh, no clue what you are showing, mate. Please draw line or recktangle on the supply/demand area
focus on symmetry and clean structures. It pays off!!
  • #3,584
  • May 23, 2018 9:02am May 23, 2018 9:02am
Quoting TheRealDeal
{quote} its still in play. HAd tiny loss because it came back, so reenetered after retrace. LEts see there is still powa {image}
took a half R loss. Looks likie all the noise about was clearout so repositioned myself
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  • #3,585
  • May 23, 2018 9:06am May 23, 2018 9:06am
Quoting TheRealDeal
{quote} took a half R loss. Looks likie all the noise about was clearout so repositioned myself {image}
That was too high entry, better wait for price to pull back and enter on bounce of trendline / supply line. Always use liquidity gap area into your advantage as that is where likely price will bounce.
  • #3,586
  • May 23, 2018 9:11am May 23, 2018 9:11am
Quoting janpec1000
{quote} That was too high entry, better wait for price to pull back and enter on bounce of trendline / supply line. Always use liquidity gap area into your advantage as that is where likely price will bounce.
agree. already 1.5R lost, but new pattern showed me the way
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  • #3,587
  • May 23, 2018 10:07am May 23, 2018 10:07am
Quoting TheRealDeal
{quote} agree. already 1.5R lost, but new pattern showed me the way {image}
big fight ended with victory. After losing about 3R , gained 10R from both sells
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  • #3,588
  • May 23, 2018 10:23am May 23, 2018 10:23am
Darn WMLP missed two high quality plays, halt and then also great continuation setup along heavy momentum.
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  • #3,589
  • May 23, 2018 10:31am May 23, 2018 10:31am
CLR is a maybe, spreads quite big for the size of structure.
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  • #3,590
  • May 23, 2018 10:39am May 23, 2018 10:39am
Quoting janpec1000
CLR is a maybe, spreads quite big for the size of structure. {image}
CLR sold for loss, not a worthy play, being too pushy.
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  • #3,591
  • May 23, 2018 10:48am May 23, 2018 10:48am
Gold chances are this one might work.
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  • #3,592
  • May 23, 2018 10:49am May 23, 2018 10:49am
i guess i need to calibrate my reading more for better quality setups, my thought is there's a level, but with only 2 highs, (not 3), but it's a flip, so might be worthy
then there's a clearout, then a momentum leg up, and a bad-looking shelf, lol,

on hindsight, JP's gbpaud is apparently better, i didn't see it at all......

Quoting TheRealDeal
{quote} tbh, no clue what you are showing, mate. Please draw line or recktangle on the supply/demand area focus on symmetry and clean structures. It pays off!!
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  • #3,593
  • May 23, 2018 11:00am May 23, 2018 11:00am
Quoting janpec1000
Gold chances are this one might work. {image}
Gold rolled over.
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  • #3,594
  • May 23, 2018 11:03am May 23, 2018 11:03am
Quoting charvo
i guess i need to calibrate my reading more for better quality setups, my thought is there's a level, but with only 2 highs, (not 3), but it's a flip, so might be worthy then there's a clearout, then a momentum leg up, and a bad-looking shelf, lol, on hindsight, JP's gbpaud is apparently better, i didn't see it at all...... {quote} {image}
You are structuring the thinking process around setup correctly. All i am saying is that perhaps this isnt the "best" setup to aim for in terms of quality since there were only two highs in structure and not that strong drops from supply. You are on right track, but try to focus on more stronger setups with more defined structures.
  • #3,595
  • May 23, 2018 11:04am May 23, 2018 11:04am
Full 5 minute search on equities without a single potential setup found. Rare, its like being in forest trying to find a tree.
  • #3,596
  • May 23, 2018 11:12am May 23, 2018 11:12am
USDTRY spike along across all emerging markets, could be a surprise rate hike or FX war chest liquidation from central bank, hard to say nothing in the news yet, worth to find out though.
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  • #3,597
  • May 23, 2018 11:16am May 23, 2018 11:16am
Quoting janpec1000
USDTRY spike along across all emerging markets, could be a surprise rate hike or FX war chest liquidation from central bank, hard to say nothing in the news yet, worth to find out though. {image}
Huge move further, TRY in stall mode signaling that markets have not found out what the news source is, thus is very likely a surprise hike. Could turn TRY today into flagship play, but news have to be settled first.
  • #3,598
  • May 23, 2018 11:20am May 23, 2018 11:20am
Quoting janpec1000
{quote} Huge move further, TRY in stall mode signaling that markets have not found out what the news source is, thus is very likely a surprise hike. Could turn TRY today into flagship play, but news have to be settled first.
Almost guaranteed central bank intervention as the TRY traded today at 5.000 which was likely a number CBT had on aim, the question remains if it was FX liquidation or rate hike thats what matters if TRY is to be put on a macro play today.
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  • #3,599
  • May 23, 2018 11:21am May 23, 2018 11:21am
Filling some soft short positions on USDTRY.
  • #3,600
  • May 23, 2018 11:27am May 23, 2018 11:27am
And the news is in, as expected emergency rate hike by 3%. Defenetly did not expect that to happen so close ahead of elections. USDTRY now placed on a very confusing macro play for next days. Since the London is about to close, markets will need to chew on that info tomorrow as soon as main London / Istanbul overlap kicks in at 10:00 AM GMT plus one time. This now opens bullish macro for TRY from rates perspective and bearish macro from elections perspective, so the macro play for TRY on bull side will only be applied tomorrow. After that its wait and see till elections. Tomorrow morning focus on bull side (USDTRY bear).
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