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

Short GBPUSD. Offers were soaking all last 20 minutes.

MSFT long sold, solid play. Took whole size on second covering by mistake, 0.7R in total .

EURNZD on watch for long if it pops supply.

EDIT: perfect pop, exactly what has been needed. Longed.

PULM weakness short on support of 1,48. Possible wash coming.

GBPUSD short covered for 1R. This one required tape, from that chart its impossible to tell if its accumulation (potential pullback leg) or distribution (supply offloading for a dump). Needed tape.

PULM ss covered. Solid wash.

MSFT possibly round two. Supply on watch.

GBPJY ss.

MSFT ballz in long, A grade clearout, flagshiper today.

MSFT sold for loss, was siding along the heavy bidders, but the sellers were overpowering. Couldnt breach them, so took loss as quick as possible because it was clear that once that big buyer was to decide to bail out its gona flush which it did. Still solid play, had decent average entry, if it had worked would have been easily 3 R trade.

GBPJPY ss (post above) closed in gains, EURNZD (post above) sold for break even (some gain, some loss).

ATOS exactly the same setup as PULM. Took solid gains.
A grade weakness is a specific setup that has the variables:
-is on low float stock that is up on a day at least 30%
-has huge wash ahead of structure
-has significant obvious strenght of buyers present, bid is very weak
-has lower highs
-has at the end just last 3 minutes before it washes tightening into bid ask (price stall without any up or down tick)

Has it all...its A grade.

ABBV supply takeout.

EURUSD short 1353.

I've done enough forum reading to understand that you watch all your FX, Futures charts scanning them every so many minutes. How do you scan for the stocks that you end up trading? I notice most of them have an opening gap component but not all. High relative volume? Low Float?

Took some EURUSD.

Depends on what play i look for.
For low float big gaps i look for them 1 hour before NYO, then make watchlist of all plays. Ill also check in first 20 min of NYO if any pump starts to run up in big % by simply using TC2000 and filtering all stocks by % gain, they will pop up. Some use scanners for that, but i am fine with doing it that way. So that is how low float trash is placed for potential plays. I then mark with flag all those plays so i can easily find them to check whats going on them when needed.

Second procedure is for supply takeouts. For that i sort all NASDAQs by highest volume to lowest volume, and then just go trough one by one (pressing down key) checking top 100-200 stocks if any has setup in forming. If it has, ill flag it to keep watch on it.

The second procedure i keep re-doing usually every 1 hour once, or every 3 hour once, it really depends on day of how much other plays i have on table.

On FX i have pretty much same scan routine as for equities in regards to supply takeouts.

This hunting procedure is absolutely critical to trade anything of that for living. Otherwise its too much of asymmetric caos.

ABBV sold this turd for small gains, was turding so long became imptatient with it.

Just to point out, this thread was created mainly to raise a wolfpack of traders that would learn the plays presented here and eventually trade together in discord or other type room together, creating better efficiency of coverage on assets and more plays. Similar to the wolfpack that i am already with on equities for low float turds, but a lot smaller room. First go was not very successful (few months ago) , possibly some of my fault ill ty to approach second go a bit different, more setup specific. Either way, if you are interested keep learning here, ask questions and study. Will take some time, if in the end anyone will be interested.

SLFY heavy stuff short 48,00