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

EURGBP asymmetric supply takeout incoming. Smaller position size on this one.

EURGBP long sold.

On track now USDZAR, this one is often nasty so waiting for more structural development before considering the trade. USDDKK pullback leg, if HH is baked on strenght its a long.

EA

EURAUD covered some in gain and some in loss, was B quality play , softer structure to went with smaller size. About break even in total.

USDDKK long covered, basically EURUSD same structure just inverted its dollar strenght correlated play. USDZAR sneaky as expected, didnt take it. Up 10% on a day, gona call it a day here unless some A quality play pops up.

Views on this janpec?.. and DOW..

Post coming up--

Hey, i dont have research data if Tuesdays are good for stocks, its probably something thats easy to collect, but i imagine there isnt any real obvious edge to it, more closer to 50 50. As for longer term trades i generally go trough options usually buying puts but only when global macro flows are on (trading stock indexes on bear side has stronger edge as usually its shock news causing the forward movement as opose to when markets are in green mode), generally i dont hold any specific opinion on asset at random time such as DAX, only waiting for pattern to set up. Not sure if thats what you were looking for.

SPeaking about DAX....supply takeout setting up .
US30 has better quality setup, will focus on taking this one.

sorry i should have clarified but the setup in terms of supply take out .. looks a good setup.. but for me want to discuss the follow on to the moves.. specifically the dow.. and dax also.... (20 min, update shortly)

No play, lows taken with selloff.

Bitcoin shorts fully covered overnight at 4.5k wash. The extent of drop from 20k to 4k now shows how many flumsy hands were in crypto, money chase instead of tech investors.

OK DOW..

Micro



Bigger picture.



So, I've been looking into the clearout's, supply hunt .. (or demand) trade .. but following that looking for the bigger move (the oppurunity) with preceding trend/move in this case down..

Thought's?

GBPUSD trend rotation in place. Looking to long.

100%

How about USDCAD on the 1 hour, it looks like it completed a breakout after some accumulation and is ready to test the support area. What do you think?

Right i see your point, catching those along the larger macro trend. There is pro and con to it, the negative side is that you will get few entries and technically if you dont have access to markets at least few hours per day, it wont be worth it. That is usual behaviour when you trade macro/micro combo setups, the performance increases but only if you do full time trading, otherwise what will happen is youll just miss most of plays, and even those that you will catch about half will hit break even before they have large run. So if you are being serious about making gains it probably wont be worth it. Supply takeout with macro H1/H4 bullish trend combo.

Pullback legs however are different. Those are much better combo, because you trade those into strenght when macro trend is very strong, you also have very strong M1 impulsive market and you go head on to strenght, which means much less break even stopouts, and just generally a lot more setups. I use this one usually on crypto markets when the bulls return, trading BTC and ETH that way, trading M15 pullback legs along with strong impulsive H1 trend, basically there were 100s of setups last year. You can apply the same to stock index, but the key importance is to have solid thesis.
So in stock index that means (lets say you trade DAX, which is also correlated to US markets), you want to trade when grass is green, when there are no particular worries hitting the global markets (short term), when H1 trend is clearly up, and then you want to wait for M1 - M15 pullback leg accumulation to establish. Best setups will set trough London session, and be on the set-break right at US market open and you want to focus on catching those, there are few examples in thread where i played those.
Those are good complimentary strategies but defenetly you shouldnt have only that in your playbook, because when trend gets chopped or shifts youll be at a dust land, so you need to have something else in playbook to fill that gap. For example crypto market being an example with such strategy.

Supply takeouts are generally just better to hunt them randomly and not overlap any macro larger targets, but pullback legs are good for combos. Let me know if it wasnt clear.

GBPUSD still on watch, buyers trying.

GBPUSD last play for today if supply is taken, long.

Yeh London gone, so didnt had strenght to do it. No play.