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  • #6,441
  • Jan 7, 2019 8:08am Jan 7, 2019 8:08am
Quoting WDaouFx
I like pretty much your analysis, and i myself analise very similar to you ! Just curious if the spread doesnt botter you on the 1m chart?
Spread is just part of the game. But i use broker with tightest spreads around, so often not an issue.
  • #6,442
  • Jan 7, 2019 8:09am Jan 7, 2019 8:09am
Quoting Mindsphere
Posible long entries on EURCHF and AUDNZD coming up. EURCHF looks a bit messy on the supply side though.
EURCHF agree, some overhead supply but its worth an entry. Best approach on such setup with lots of overhead supply is just to wait for whole supply area to be taken out and then wait for bounce entry on retrace back, that way you dont have to guess with MM has enough strenght to absorb trough everything.
  • #6,443
  • Jan 7, 2019 8:19am Jan 7, 2019 8:19am
Last one for the night for me.

EURCHF - quick in and out on the break.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 149 KB


Notes:

- Feels like a B grade play due to the messy preceding supply
- Not sure about my entry?
- Exit looks like it was well-timed.
- Took 0.7R, but again, not sure if my stop should have been wider than it was.

Edit: Just saw your above comment, noted for next time! So my entry was a bit early off the mark then? Keen to hear your thoughts on stoploss positioning. Thanks!
  • #6,444
  • Jan 7, 2019 8:38am Jan 7, 2019 8:38am
Quoting Mindsphere
Last one for the night for me. EURCHF - quick in and out on the break. {image} Notes: - Feels like a B grade play due to the messy preceding supply - Not sure about my entry? - Exit looks like it was well-timed. - Took 0.7R, but again, not sure if my stop should have been wider than it was. Edit: Just saw your above comment, noted for next time! So my entry was a bit early off the mark then? Keen to hear your thoughts on stoploss positioning. Thanks!
Good entry, a bit late (0.5 pip too high), look at mine bellow, on supply takeout direct entry you want to be a bit earlier. But yes, overall waiting for bounce would be better.

This isnt B quality play, its A grade (especially after whole area supply got taken on big swipe).
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_echf2.png Size: 70 KB
  • #6,445
  • Jan 7, 2019 8:39am Jan 7, 2019 8:39am
Quoting janpec1000
{quote} Good entry, a bit late (0.5 pip too high), look at mine bellow, on supply takeout direct entry you want to be a bit earlier. But yes, overall waiting for bounce would be better. This isnt B quality play, its A grade (especially after whole area supply got taken on big swipe). {image} {image}
1232 is still valid for long bid is still holding, decent RR if it works with tight stop.
  • #6,446
  • Jan 7, 2019 8:41am Jan 7, 2019 8:41am
Quoting janpec1000
{quote} Good entry, a bit late (0.5 pip too high), look at mine bellow, on supply takeout direct entry you want to be a bit earlier. But yes, overall waiting for bounce would be better. This isnt B quality play, its A grade (especially after whole area supply got taken on big swipe). {image} {image}
Thanks for the detail on this trade! Could you comment on stop positioning for the entry? Cheers
  • #6,447
  • Jan 7, 2019 8:41am Jan 7, 2019 8:41am
Quoting janpec1000
{quote} 1232 is still valid for long bid is still holding, decent RR if it works with tight stop.
Longed, if it works is 4R play.
  • #6,448
  • Jan 7, 2019 8:42am Jan 7, 2019 8:42am
Quoting Mindsphere
{quote} Thanks for the detail on this trade! Could you comment on stop positioning for the entry? Cheers
Hm cant see your SL on chart.
  • #6,449
  • Jan 7, 2019 8:47am Jan 7, 2019 8:47am
Quoting janpec1000
{quote} Hm cant see your SL on chart.
I placed it at 1.2300 which at the 50% mark of the previous swing range. Is that about right?
  • #6,450
  • Jan 7, 2019 8:54am Jan 7, 2019 8:54am
Quoting Mindsphere
{quote} I placed it at 1.2300 which at the 50% mark of the previous swing range. Is that about right?
Yep .
  • #6,451
  • Jan 7, 2019 8:59am Jan 7, 2019 8:59am
Quoting janpec1000
{quote} Longed, if it works is 4R play.
EURCHF stopped out 1 R loss, bid tried many times, under-managed this trade should have been recycling out some gains-size on those pops.
Attached Image (click to enlarge)
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  • #6,452
  • Jan 7, 2019 9:03am Jan 7, 2019 9:03am
Done with FX for today likely, equities in play now.
Main turd of the day on watch PCG taking another hit Friday on potential partial liquidation of company, looking for short on pops, AXSM up over 100%, looking to short A grade weakness .
  • #6,453
  • Jan 7, 2019 9:04am Jan 7, 2019 9:04am
DE30 B quality play, gona take this one small.
Attached Image (click to enlarge)
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  • #6,454
  • Jan 7, 2019 9:13am Jan 7, 2019 9:13am
Quoting janpec1000
Done with FX for today likely, equities in play now. Main turd of the day on watch PCG taking another hit Friday on potential partial liquidation of company, looking for short on pops, AXSM up over 100%, looking to short A grade weakness .
AXSM took small short, not exactly A grade weakness because it is too liquid and not strong enough micro washes in bear legs, but still worth enough to short into pops near 6,25. Covered all on wash 5,93
Attached Image (click to enlarge)
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  • #6,455
  • Jan 7, 2019 9:19am Jan 7, 2019 9:19am
GBPAUD pullback leg play.
  • #6,456
  • Jan 7, 2019 9:24am Jan 7, 2019 9:24am
Quoting janpec1000
GBPAUD pullback leg play.
GBPAUD was too late , no entry. Solid setup.
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  • #6,457
  • Jan 7, 2019 9:28am Jan 7, 2019 9:28am
EURAUD this one slipped under radar today. 2 longs.
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  • #6,458
  • Jan 7, 2019 9:42am Jan 7, 2019 9:42am
EURCHF another deeper clearout, forming supply takeout, but lots of overhead supply so will take smaller size. Decent grade play.
  • #6,459
  • Jan 7, 2019 9:47am Jan 7, 2019 9:47am
Quoting janpec1000
EURCHF another deeper clearout, forming supply takeout, but lots of overhead supply so will take smaller size. Decent grade play.
EURCHF took 3R . Basically the same type of clearout as DE30 above. Once that is set in what you want to see is strong rotation and push in single leg all the way up to supply where the clearout MM reveals its hand, once that is baked thats when one has to consider long, possibly ballz in if setup is A grade.

All supply now absorbed, this could bake M15 bottom now EURCHF and some upside from here onwards.
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  • #6,460
  • Jan 7, 2019 11:09am Jan 7, 2019 11:09am
Quoting janpec1000
{quote} EURCHF took 3R . Basically the same type of clearout as DE30 above. Once that is set in what you want to see is strong rotation and push in single leg all the way up to supply where the clearout MM reveals its hand, once that is baked thats when one has to consider long, possibly ballz in if setup is A grade. All supply now absorbed, this could bake M15 bottom now EURCHF and some upside from here onwards. {image}
Along the lines, big bottom was set in on EURCHF.
Attached Image (click to enlarge)
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