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  • #3,741
  • May 30, 2018 4:49pm May 30, 2018 4:49pm
some setups from today
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  • #3,742
  • May 30, 2018 4:49pm May 30, 2018 4:49pm
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  • #3,743
  • May 30, 2018 4:51pm May 30, 2018 4:51pm
Quoting TheRealDeal
some setups from today {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Hi real deal overall how is this strategy going for you?
instagram: stepbystepforex
  • #3,744
  • May 30, 2018 6:22pm May 30, 2018 6:22pm
it is amazing that you found so many in one day.

those rotation setups are pretty solid and offered entries, to my eyes. it might be harder to catch entries for those few wedge/tunnel break setups. how many of these did you get entries? just curious,

i feel like taking a couple of days-off to try my luck, lol

Quoting TheRealDeal
some setups from today {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
  • #3,745
  • May 31, 2018 3:29am May 31, 2018 3:29am
Huge relief rally on Italy bonds (as pointed out yesterday it was likely to happen) and decent rally in equities, causing an EUR rally all along the expectations.
On short term macro side slightly bullish bias on EUR for today, and tomorrow likely an entrance back towards risk mode if protests in Rome are bound to happen with heavy participation, in either case likely to see EUR open with gap down and potential bear run if protests are severe. Any add to political instability is an fuel to the fire.
  • #3,746
  • May 31, 2018 6:02am May 31, 2018 6:02am
Quoting janpec1000
Huge relief rally on Italy bonds (as pointed out yesterday it was likely to happen) and decent rally in equities, causing an EUR rally all along the expectations. On short term macro side slightly bullish bias on EUR for today, and tomorrow likely an entrance back towards risk mode if protests in Rome are bound to happen with heavy participation, in either case likely to see EUR open with gap down and potential bear run if protests are severe. Any add to political instability is an fuel to the fire.
The situation in Spain can add to this today, the government is about to fall - the "socialists" are trying a takeover without elections....
Fasten your seatbelts if they succeed.
  • #3,747
  • May 31, 2018 6:16am May 31, 2018 6:16am
Quoting Go5
{quote} The situation in Spain can add to this today, the government is about to fall - the "socialists" are trying a takeover without elections.... Fasten your seatbelts if they succeed.
It might add to some short term spill over, but mind that markets will not panic until all the puzzles are layed out in terms of what the political layout of potential new goverment in Spain would be as there is not enough info yet, its likely to see some reaction in Spain bond market (already happening) but i wouldnt expect too much on EUR / equity side. The layout is what it matters the most to see what to expect, but one thing is for sure with both Spain and Italy marching towards next months of instability, if there is no considerate backing down of either potential new ruling parties then the main spotlight remains on what the ECB will do, as both Spain and Italys bonds will take a large hit and i cant imagine ECB just sitting on sidelines. Either a huge increase in QE and complete postpone of rate hikes on EURO for next year, or a more likely plan which i think is very harsh stance from Troika to destabilize any plans both potentially elected parties might have (Greece play).
In either case long term the case its clear, its a buy on EUR / EU equities and bonds BUT only once the second part of equitation (after elections and Troika play) things start to move (my guess is late Summer or Autumn), and until then....any added fuel to fire is to short Europe.
  • #3,748
  • May 31, 2018 7:47am May 31, 2018 7:47am
nice thread, thanks for sharing

is this a possible setup? BTC/USD - H1
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  • #3,749
  • May 31, 2018 8:19am May 31, 2018 8:19am
Quoting charvo
it is amazing that you found so many in one day. those rotation setups are pretty solid and offered entries, to my eyes. it might be harder to catch entries for those few wedge/tunnel break setups. how many of these did you get entries? just curious, i feel like taking a couple of days-off to try my luck, lol {quote}
Hi charvo,
non of those I took because away from charts all day. Just the EU trade in the morning.
Its easy to spot them after they develop. It’s hard when they develop. Need thousands of examples and years of practice
  • #3,750
  • May 31, 2018 8:32am May 31, 2018 8:32am
Quoting Wachturm
nice thread, thanks for sharing is this a possible setup? BTC/USD - H1 {image}
Hello this one is too asymmetric. It is a strong HL bake currently but when trending trendlined bottom bakes you want to see much more symmetry and consistency of more highs following that trendline or at least legs being very symmetrical to each other. You might need to list over history of thread to see how behaviour symmetry is explained and what to look for.
  • #3,751
  • May 31, 2018 8:36am May 31, 2018 8:36am
OGEN yesterdays short squeeze. Now finally opening with gap down showing weakness, adding it to short watchlist for bear plays on M1 TF, target is all the way down to 1,25. Had strong short squeeze in late April which worked great on bear play.
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  • #3,752
  • May 31, 2018 8:38am May 31, 2018 8:38am
Quoting rafael5643
{quote} Hi real deal overall how is this strategy going for you?
I am not complaining, but I am sure for every person will be different even using the same rules.
According to my experience bottom rotation is best performing pattern from all presented in this thread.
It offers at least 60% hit rate for risk reward 1:2 on average. And in my opinion that is a huge edge. Continuation pattern offers about 40% hit rate. And least performand is the parabolic crash/rise with about 30%.
Remember trading high hit rate strategies offer lower DD and allows higher leverage usage. If you add partial profits too smooth your equity, you can use even higher risk. High hit rate systems do good to your confidence. High DD systems make you doubt in your skills and can kill you as a trader.
Remember that selecting the setup is the easiest part. Managing the trade correctly is crucial part. Being unable to recognize compelling momentum and having bad timing in a trade can make best winning system into a losing one.
  • #3,753
  • May 31, 2018 8:39am May 31, 2018 8:39am
Dollar supply tracked with alert for potential long play if supply is taken out. Monetum takout prefered on next leg for better quality play.
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  • #3,754
  • May 31, 2018 8:53am May 31, 2018 8:53am
Quoting janpec1000
{quote} Hello this one is too asymmetric. It is a strong HL bake currently but when trending trendlined bottom bakes you want to see much more symmetry and consistency of more highs following that trendline or at least legs being very symmetrical to each other. You might need to list over history of thread to see how behaviour symmetry is explained and what to look for.
will do, thank you very much
  • #3,755
  • May 31, 2018 10:02am May 31, 2018 10:02am
Quoting janpec1000
Dollar supply tracked with alert for potential long play if supply is taken out. Monetum takout prefered on next leg for better quality play. {image}
Dollar broke to the downside, no play. Supply intact.
  • #3,756
  • May 31, 2018 10:05am May 31, 2018 10:05am
WFC B quality continuation setup, potential play.
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  • #3,757
  • May 31, 2018 10:45am May 31, 2018 10:45am
Quoting janpec1000
WFC B quality continuation setup, potential play. {image}
WFC
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  • #3,758
  • May 31, 2018 12:40pm May 31, 2018 12:40pm
not quite symmetrical, but saw a HL print on a flip, and the sply was already taken out. so i entered. 3R
it actually seems a bad setup, i was lucky the retrace didn't take me out.
really M1 is the way to trade this. higher TF seems harder in the sense of real life time consuming.......
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  • #3,759
  • May 31, 2018 12:47pm May 31, 2018 12:47pm
Quoting charvo
not quite symmetrical, but saw a HL print on a flip, and the sply was already taken out. so i entered. 3R it actually seems a bad setup, i was lucky the retrace didn't take me out. really M1 is the way to trade this. higher TF seems harder in the sense of real life time consuming....... {image}
You could have also taken this one ahead of larger whole area supply takeout on the structural part lower where the rounded supply was taken out. Entry like that has overhead supply thus one has to use BE SL if price goes back but it would have worked out in this case. If you can catch cascading play ahead of larger areas being taken out you have more juice and better RR, but it does result more often in BE SL stopouts.
That initial area was more condensed, thus its likely to deliver fuel needed to take out the higher one aswell once the squeeze starts.
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  • #3,760
  • May 31, 2018 3:16pm May 31, 2018 3:16pm
Hi, Janpec, hope this is a bid/ask stack trade. Takeprofit is at a HTF supply on far left of the chart (not shown).
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