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

  • #4,181
  • Jun 14, 2018 3:05pm Jun 14, 2018 3:05pm
Quoting charvo
this fail is probably due to there's only 1 high on the left side. indeed, neither symmetrical/dense nor micro shelf (a huge shelf)...... in hindsight, i was quite confident this would work, since the momentum seemed quite strong. the only thing good is that i exit earlier. {quote} {image}
Problem with this setup is that there is too much action going in the structure that is happening bellow your tracked supply zone that lasts way too long on time scale, which renders your tracked supply too insignificant. If those highs in middle would be touching the supply then that would be fine structure, but they arent.
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  • #4,182
  • Jun 14, 2018 3:47pm Jun 14, 2018 3:47pm
EUR taking a hit but EU south bonds are still keeping it on the up side. Mostly a currency rates flows between FED/ECB taking place, but still quite a large flows which means surprising many participants thought rate hikes will come much quicker than "said".
2 pet projects for EU technocrats in next 6 months and 1 experimental project with iron chains already in place to be played, looks like markets are still not completly decided on those.
  • #4,183
  • Jun 14, 2018 4:44pm Jun 14, 2018 4:44pm
so you exit to avoid tomorrow gap-down risk? i failed to exit, and have to set a sell stop limit just in case...... lol

Quoting janpec1000
{quote} Well sadly this one ended with flop. No squeeze, sold at break even. Ending the day with tickets for the show but the entertainer missed the arena. {image}
  • #4,184
  • Jun 15, 2018 5:21am Jun 15, 2018 5:21am
AUDCAD tightening from bellow with HL prints and overall bullish accumulation after impulse move, likely forward progress.
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  • #4,185
  • Jun 15, 2018 5:22am Jun 15, 2018 5:22am
Quoting charvo
so you exit to avoid tomorrow gap-down risk? i failed to exit, and have to set a sell stop limit just in case...... lol {quote}
Yep becouse it could gap, i almost never hold over night positions. I think chances are it will gap upwards so you shouldnt be too much in worry, ask is staying well above the price meaning that sellers arent pushing it. If anything it might make decent trade to long it straight on the market open if it starts to trade above X,82.
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  • #4,186
  • Jun 15, 2018 5:31am Jun 15, 2018 5:31am
Quoting janpec1000
AUDCAD tightening from bellow with HL prints and overall bullish accumulation after impulse move, likely forward progress. {image}
AUDCAD long sold for 2 R gain. Once sellers were absorbed and bulls printed HH it was all done and ready to go.
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  • #4,187
  • Jun 15, 2018 5:34am Jun 15, 2018 5:34am
Quoting janpec1000
{quote} AUDCAD long sold for 2 R gain. Once sellers were absorbed and bulls printed HH it was all done and ready to go. {image}
Same trade reflected from AUDCHF perspective.
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  • #4,188
  • Jun 15, 2018 5:51am Jun 15, 2018 5:51am
DE30 if it prints HH and HL then its a long play on pullback leg rotation.
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  • #4,189
  • Jun 15, 2018 7:22am Jun 15, 2018 7:22am
this one seems mission impossible to me. in LIVE it feels much harder to make correct reading fast....... i need to keep watching your old charts, lol


Quoting janpec1000
{quote} AUDCAD long sold for 2 R gain. Once sellers were absorbed and bulls printed HH it was all done and ready to go. {image}
  • #4,190
  • Jun 15, 2018 7:33am Jun 15, 2018 7:33am
Quoting charvo
this one seems mission impossible to me. in LIVE it feels much harder to make correct reading fast....... i need to keep watching your old charts, lol {quote}
For sure its harder on live but with practice it becomes completly the same. One thing to always put focus on which will make it easier is to always only enter when there is clear momentum into your way. For example on that last high that you are following on pullback leg structure make sure price goes into that high with bull momentum, that will decrease chances of fakes a lot. You can clearly see that on AUDCHF example.
  • #4,191
  • Jun 15, 2018 7:35am Jun 15, 2018 7:35am
EURCAD supply takeout, had alert on it, but it moved too quick to catch it. Momentum move into supply.
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  • #4,192
  • Jun 15, 2018 7:40am Jun 15, 2018 7:40am
Quoting janpec1000
USDCAD entering soft long term macro play on the bullish side as Saudis and Russia both confirming supply increase for Crude oil. Nothing surprising there, Putting it in softer blue color the rectangle as its not heavy directional play, meaning there chould be some bear retraces before macro target is reached, but if any micro play is there is a go to enter. Also option to play it from WTI / Brent side, but there is more juice in FX currency than it is in crude markets. Currently forming potential micro continuation setup. {image} {image}
USDCAD completing the larger macro target on top of blue square which was posted on 25th May, as result of combo play on Crude oil and dollar strenght. Sadly didnt catch any M15 play along macro direction.
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  • #4,193
  • Jun 15, 2018 7:44am Jun 15, 2018 7:44am
EURUSD B quality pullback leg setup, wont enter this one, but it might work. EUR taking some bid after the fake / rushed reports on Germany coalition collapse.
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  • #4,194
  • Jun 15, 2018 7:51am Jun 15, 2018 7:51am
Quoting janpec1000
EURUSD B quality pullback leg setup, wont enter this one, but it might work. EUR taking some bid after the fake / rushed reports on Germany coalition collapse. {image}
Entered EURUSD afterall as 1597X received a symmetrical bid. Even though a B quality setup, worked with decent 5.5 R gain.
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  • #4,195
  • Jun 15, 2018 8:23am Jun 15, 2018 8:23am
CLPS on watch today for potential bull momentum plays. Recent IPO with strong rip today. Had a really solid break above supply opportunity yesterday. Had a solid setup on pre market trading.
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  • #4,196
  • Jun 15, 2018 9:16am Jun 15, 2018 9:16am
USB likely a demand flop.
  • #4,197
  • Jun 15, 2018 9:24am Jun 15, 2018 9:24am
Quoting janpec1000
USB likely a demand flop.
USB demand flopped.
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  • #4,198
  • Jun 15, 2018 9:37am Jun 15, 2018 9:37am
USDRUB longed on HH bake.
  • #4,199
  • Jun 15, 2018 9:44am Jun 15, 2018 9:44am
Quoting janpec1000
USDRUB longed on HH bake.
USDRUB sold some for gain the rest break even.
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  • #4,200
  • Jun 15, 2018 9:49am Jun 15, 2018 9:49am
Also eyes on offshore yuan (CNH) over next months as the sanctions from US increase over next months, the CNH is likely to take hit especially as Chinese growth numbers are hitting on the downside and suggesting cooldown. Besides the sanctions the major factor on CNH bearish macro is unability for CCB to raise rates and follow the FED.
Thus putting softer bearish macro on CNH (USDCNH bull) with overall target 6.6X.
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