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

  • #6,521
  • Jan 9, 2019 5:13am Jan 9, 2019 5:13am
Quoting janpec1000
{quote} Ah damn, thats tough zone to trade from. Yes AUDNZD great play there, missed it too.
I’m a bit of a night owl so it works out okay. I just miss the later part of the NY session. But hey, if my trading improves enough, I could justify later nights!
  • #6,522
  • Jan 9, 2019 5:23am Jan 9, 2019 5:23am
Quoting janpec1000
USDJPY
Starting day in 2 R hole. Shovel ready to dig out.
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  • #6,523
  • Jan 9, 2019 5:34am Jan 9, 2019 5:34am
Quoting janpec1000
EURCHF on watch, B quality play.
EURCHF bid is in, might set up. Needs more development.
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  • #6,524
  • Jan 9, 2019 5:50am Jan 9, 2019 5:50am
Quoting janpec1000
{quote} EURCHF bid is in, might set up. Needs more development. {image}
Hole filled, took 2 R on ECHF, late entry, was looking to add if it retraced.
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  • #6,525
  • Jan 9, 2019 6:11am Jan 9, 2019 6:11am
EURAUD whole area supply taken out on strong momentum, possible short term bottom here.
  • #6,526
  • Jan 9, 2019 6:36am Jan 9, 2019 6:36am
Quoting janpec1000
EURAUD whole area supply taken out on strong momentum, possible short term bottom here.
took gbpaud instead
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  • #6,527
  • Jan 9, 2019 6:45am Jan 9, 2019 6:45am
gbpnzd
  • #6,528
  • Jan 9, 2019 6:47am Jan 9, 2019 6:47am
Quoting janpec1000
gbpnzd
Zzz, was watching it, had a buy stop on but removed it as it felt like it was fizzing. Haha!

Awesome play.
  • #6,529
  • Jan 9, 2019 6:57am Jan 9, 2019 6:57am
Quoting janpec1000
EURAUD whole area supply taken out on strong momentum, possible short term bottom here.
EURAUD break even.
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  • #6,530
  • Jan 9, 2019 7:05am Jan 9, 2019 7:05am
Quoting janpec1000
gbpnzd
Curious if you took this purely off the break? A retest entry looks like it wouldn't have worked out, but I'm wondering if there are any telltale signs that this is the case here.

I note that price hit the likely maximum TP for this entry (previous major supply) - is that generally a sign that a retest entry is not worthwhile? Or is it that combined with the lack of tick movement showing strong bids at the retest level?

Edit: Now that I've posted this, it looks like a retest may possibly work out, but with a bit of DD.
  • #6,531
  • Jan 9, 2019 7:19am Jan 9, 2019 7:19am
In equities today on watchlist SGH, earnings miss and Q2 downside guidence by large factor, margins decrease on Brasil sales.
Plan:
-buying option puts on pops and pushes up
-ballz in short if it develops A grade weakness structure
Its going to be SSR so chances of weakness play are there .
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  • #6,532
  • Jan 9, 2019 7:33am Jan 9, 2019 7:33am
Quoting Mindsphere
{quote} Curious if you took this purely off the break? A retest entry looks like it wouldn't have worked out, but I'm wondering if there are any telltale signs that this is the case here. I note that price hit the likely maximum TP for this entry (previous major supply) - is that generally a sign that a retest entry is not worthwhile? Or is it that combined with the lack of tick movement showing strong bids at the retest level? Edit: Now that I've posted this, it looks like a retest may possibly work out, but with a bit of DD.
All good questions. Strong momentum move into supply like that you always want to get in on direct takeout, especially if it starts to stall around the supply with upticks on bid. Retest would have not worked, there wasnt any rejections and ticking action when price came to retest flip, if it wants to bounce then it will either completely stall (sits with no ticks) or it will start to aggressively tick and push bounce, in this case basically there were no signs that bid is tryign to prop it up, it slowly faded trough.

One thing to note is that usually single high will not produce significant supply and pose resistance, unless its done on heavy volume and big volume stuff. The move south was caused from market order selloff not the supply resistance of that left supply.
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  • #6,533
  • Jan 9, 2019 8:17am Jan 9, 2019 8:17am
GBPNZD B quality play.
  • #6,534
  • Jan 9, 2019 8:20am Jan 9, 2019 8:20am
Quoting janpec1000
GBPNZD B quality play.
Longed
  • #6,535
  • Jan 9, 2019 8:21am Jan 9, 2019 8:21am
USDJPY also in.
  • #6,536
  • Jan 9, 2019 8:35am Jan 9, 2019 8:35am
[quote=janpec1000;11863225]GBPNZD B quality play.[/quotG

GBPNZD stopped , 1.5 R loss.
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  • #6,537
  • Jan 9, 2019 8:35am Jan 9, 2019 8:35am
EURNZD in.
  • #6,538
  • Jan 9, 2019 8:37am Jan 9, 2019 8:37am
Quoting janpec1000
EURNZD in.
EURNZD quick 1 R.
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  • #6,539
  • Jan 9, 2019 8:38am Jan 9, 2019 8:38am
Would you consider EURUSD a valid B grade continuation play that would have been worth entering? I know we discussed these yesterday, and it sort of printed one LH, then another on the same level, while printing LL's - so symmetry isn't great.

But it did shoot up 40+ pips

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  • #6,540
  • Jan 9, 2019 8:40am Jan 9, 2019 8:40am
NYO delivering bearish dollar flows, EURUSD taking out all remaining daily supply. Possible combo macro-micro play comming, on close watch if bids show any hands its ballz in.
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