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

NOV supply takeout.

NOV got perfect fill on secondary account right at the low of micro shelf, however should have closed profits partially and hold for some more.

NVT solid volatility tunnel setup, but probably not tradeable due to spreads.

Gold a bit asymmetric setup but it might form further bullish continuation.

CELG needs HH bake for play.

Hi, Janpec,

for this one, even if we set alert, it seems very likely we'll miss the entry. it almost didn't shelf or retrace (in that minute, it might have retraced though)

so we should just enter instantly when the upper edge is broken?

DAL continuation setup, its a tiny structure those can be very sneaky often delivering fake breaks. Might consider it if it shows momentum break.

You are right, it would have been a missed entry as there was no retrace, so with pending limit order one would not get included in. This happens on some setups and you just have to live it with, you shouldnt start adjusting rules of strategy just becouse one setup didnt let you in, the right thing to do is just to move on, as long as you get fill on most of them and only miss some of them thats fine.
There is optional to enter on the lows ahead of the break too, however that only applies to very few setups that have extreme consistency of symmetry on the lows (for bull setup) where the lows are following cleanly the trendline, but for most setups its entry on break.

Thing is to train yourself to not use market orders and never rush into setup too quickly with panic, becouse that only results in cascading bad decision making afterwards, i have seen it so many times that you can trust me on this one, everyone is affected by it if you dont control it and one of best way is to use pending limit and enter position with calm and calculation ahead.
Plus to mention as markets are becoming more and more liquid in future traders who use limit orders and provide liquidity wont just get a free commissions but rather will be paid just to enter so one better adapts to that.

DAL covered for some gains, but i should seriously consider completly banning out those tiny structures from trading as it too often results in fake or under performing breaks. This is something that defenetly should have empirical statistical research done on and i am being lazy on it.

LOW continuation play on bull side.

EURUSD likely upwards move. Consistency of HLs and tightening into supply.

LOW long sold on break even, too strong counter move.

SBUX

SBUX its turding around, no point sticking in it. Sold break even.

MRK, B quality play might not take this one.

That went places after some initial DD.

MRK behaviour change at supply building micro shelf, might work out with upwards move.

MRK there she goes. Didnt take entry though.

MS

Sold some and the rest BE.