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

  • #6,581
  • Jan 10, 2019 12:34pm Jan 10, 2019 12:34pm
Quoting rafael5643
{quote} Have you ever heard of Steven Dux Janpec?
Sure, why?
  • #6,582
  • Jan 10, 2019 12:35pm Jan 10, 2019 12:35pm
Quoting Wachturm
{quote} Hi is that a long term trade? ... happy new year btw
Thanks, happy new year. I am recycling long term setup yes, daily. 1480 is where i am looking closely if big bids start to come in to reject to add.
  • #6,583
  • Jan 10, 2019 12:54pm Jan 10, 2019 12:54pm
Quoting janpec1000
{quote} Thanks, happy new year. I am recycling long term setup yes, daily. 1480 is where i am looking closely if big bids start to come in to reject to add.
thank you

I am with you on this one, longed .1498 SL60 TP120 .. lets see
  • #6,584
  • Jan 10, 2019 1:15pm Jan 10, 2019 1:15pm
Quoting Wachturm
{quote} thank you I am with you on this one, longed .1498 SL60 TP120 .. lets see
Alright, by the way i dont think fixed set and go approach should be used on macro setups. There is undisputed improve to edge if you recycle the macro positions with scale outs small and adds back to size around your entry if price comes back. On short term setups you often just dont get chance because there isnt enough volatility, but on macro play there is no excuse.
Even if you are very busy guy (job ....) but you do have access to markets (comp-phone) it should be considered.

So for example if your entry is 149X you add size there, you offload some on pops, you add back some on returns towards entry level you watch the tape or ticking or volume to confirm if adding makes sense, again you offload some if it pops higher and keep repeating that. In most cases price doesnt go from level to level in straight way, thats why recycling will produce better outcome on long term as price chops around towards your ideal TP level. And yes in some cases that means you will run towards your TP on steam instead of full liquid because you cut too much fat already too early, but its what happens over long run on 100 plays that matters not single exceptions.

You can trust me on that one, i researched and made tons of stress tests on edge increase with recycling on tons of different plays and assets, recycling always wins over long run.
  • #6,585
  • Jan 10, 2019 1:52pm Jan 10, 2019 1:52pm
Quoting janpec1000
{quote} Alright, by the way i dont think fixed set and go approach should be used on macro setups. There is undisputed improve to edge if you recycle the macro positions with scale outs small and adds back to size around your entry if price comes back. On short term setups you often just dont get chance because there isnt enough volatility, but on macro play there is no excuse. Even if you are very busy guy (job ....) but you do have access to markets (comp-phone) it should be considered. So for example if your entry is 149X you add size there,...
thanks for sharing, much appreciated. I can check prices twice a day when I am at work, so not much room for strategic trading.. wage slave struggles ..lol
  • #6,586
  • Jan 10, 2019 1:56pm Jan 10, 2019 1:56pm
Gold bounce play possible.
  • #6,587
  • Jan 10, 2019 1:58pm Jan 10, 2019 1:58pm
Quoting janpec1000
{quote} Sure, why?
I'm currently watching his DVD's, I thought he may have a few trading strats youd like.
instagram: stepbystepforex
  • #6,588
  • Jan 10, 2019 1:58pm Jan 10, 2019 1:58pm
Quoting Wachturm
{quote} thanks for sharing, much appreciated. I can check prices twice a day when I am at work, so not much room for strategic trading.. wage slave struggles ..lol
Yeh sorry to hear that. Very hard to make it in this business in that kind of situation, trading is already hard enough with devoting full time to it.
  • #6,589
  • Jan 10, 2019 2:06pm Jan 10, 2019 2:06pm
Quoting rafael5643
{quote} I'm currently watching his DVD's, I thought he may have a few trading strats youd like.
Yeh he does play same turds under same conditions, i just dont like personally the way he approaches entries and overall management. He is a decent source to learn about play specifications, sorting A grades from B grades which is very important in turd land in order to not get over-run by soakers that manipulate to long side.
To every 5th runner there is Guy Gentile waiting to soak the 6th one usually, its the same story for any setup to have edge in the market....its all about details and specific variables.
  • #6,590
  • Jan 10, 2019 2:14pm Jan 10, 2019 2:14pm
Quoting janpec1000
{quote} Yeh sorry to hear that. Very hard to make it in this business in that kind of situation, trading is already hard enough with devoting full time to it.
absolutely... I was ready to give up about 100 times. but I cant, too much time invested already. But retirement is around the corner, only 35 years to go
  • #6,591
  • Jan 10, 2019 2:16pm Jan 10, 2019 2:16pm
Quoting janpec1000
{quote} Yeh he does play same turds under same conditions, i just dont like personally the way he approaches entries and overall management. He is a decent source to learn about play specifications, sorting A grades from B grades which is very important in turd land in order to not get over-run by soakers that manipulate to long side. To every 5th runner there is Guy Gentile waiting to soak the 6th one usually, its the same story for any setup to have edge in the market....its all about details and specific variables.
Cool well with working full time I have to find a few strats that can work with the working schedule. Granted my work is not too arduous and I have a lot of free time - I've followed your thread pretty carefully but maybe I'll go back through to look for strats I could use while working.
instagram: stepbystepforex
  • #6,592
  • Jan 10, 2019 2:22pm Jan 10, 2019 2:22pm
Todays turd menu:
SAEX, INPX, AXSM. Traded all three, SAEX and AXSM single entry/exit, INPX recycled. Beautiful backside INPX with picture perfect stair stepping and wash on each step, and heavy end of the day wash. Covered all 4,15 with average on ss 4,56.

Bellow some variables when to approach on the turd and when to stay away.
1.Wait for death candle on heavy vol wash, after that backside is likely to develop.
2.If vol is above 100k on M1 candles stay away unless its on wash.
3.If wash is on heavy vol and bullish pullback is weak, add to short.
4. If every single bear leg has micro wash in it and bull pullback are weak, stay in short dont cover or at least keep at least half size on.

Those plays are all about supply imbalance. Asset needs to tell you that game is on, and supply is dictating the game. Listen to proper variables, if not present stay away.
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  • #6,593
  • Jan 10, 2019 2:24pm Jan 10, 2019 2:24pm
Quoting Wachturm
{quote} absolutely... I was ready to give up about 100 times. but I cant, too much time invested already. But retirement is around the corner, only 35 years to go
Haha....every trader ever. Or at least the mentality of those that actually dont give up
  • #6,594
  • Jan 10, 2019 2:33pm Jan 10, 2019 2:33pm
Quoting rafael5643
{quote} Cool well with working full time I have to find a few strats that can work with the working schedule. Granted my work is not too arduous and I have a lot of free time - I've followed your thread pretty carefully but maybe I'll go back through to look for strats I could use while working.
Buy Bitcoin and praying for 10x is what most go for in such case.
Jokeing aside, probably not the best way to go. In such situation better way is to be patient and pick long term route, select how much time are you going to put every day / week into studying the market/plays and then over 2-3 years build some capital from job income to fuel you for half year when you are ready to hit full time. Statistically speaking this is way better than having limited market access, limited time and hitting the trades with full size straight from the go, youll more likely to end up getting damage to account. In 90% cases it doesnt work out, picking first route is better. This is same recipe for any business not just trading.
  • #6,595
  • Jan 11, 2019 3:06am Jan 11, 2019 3:06am
Took some more long recycles off EURUSD.
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  • #6,596
  • Jan 11, 2019 4:03am Jan 11, 2019 4:03am
EURUSD
  • #6,597
  • Jan 11, 2019 4:52am Jan 11, 2019 4:52am
EURJPY A grade play setting up. Long.
  • #6,598
  • Jan 11, 2019 5:16am Jan 11, 2019 5:16am
Quoting janpec1000
EURJPY A grade play setting up. Long.
EURJPY took 2R on first long, on bounce lost 1R. Solid play overall. Recycled some EURUSD longs on that spike as well.
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  • #6,599
  • Jan 11, 2019 5:17am Jan 11, 2019 5:17am
AUDUSD short.
  • #6,600
  • Jan 11, 2019 5:25am Jan 11, 2019 5:25am
Quoting janpec1000
AUDUSD short.
AUDUSD took 1.5 R. Low volatility, so comissions ate portion of that.
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