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

  • #781
  • Mar 7, 2018 10:27am Mar 7, 2018 10:27am
Quoting venividivici
Ouch..got out way too early this time {image}
Mind that for demand takeout you need at least 2 lows to be formed, single low only points usually towards initial (weak) demand. It might have worked in your favour but it is not a valid setup, no repeatable edge to it.
  • #782
  • Mar 7, 2018 10:30am Mar 7, 2018 10:30am
Quoting janpec1000
{quote} Mind that for demand takeout you need at least 2 lows to be formed, single low only points usually towards initial (weak) demand. It might have worked in your favour but it is not a valid setup, no repeatable edge to it.
At least 2. Thanks and ill remember it next time.
  • #783
  • Mar 7, 2018 10:41am Mar 7, 2018 10:41am
KYF missed strong continuation structure, altough to be realistic would have missed break anyways even with alert since it probably jumped very quickly.
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  • #784
  • Mar 7, 2018 11:16am Mar 7, 2018 11:16am
Hopefully this one was valid

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  • #785
  • Mar 7, 2018 11:31am Mar 7, 2018 11:31am
USDJPY tracking for potential takeout, too early to tell just tracking with alert so far.

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JPM tracking, would preffer further structural development before takeout, but if it takes it on current low its valid entry as well.
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OGEN possible break atm, short squeezer on daily, on its way down to where it came from...

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  • #786
  • Mar 7, 2018 12:31pm Mar 7, 2018 12:31pm
52,05 if taken out its a long play on ATH, last one for today. Micro shelf currently pushing with consistent micro HLs into supply.
  • #787
  • Mar 7, 2018 1:09pm Mar 7, 2018 1:09pm
Quoting janpec1000
52,05 if taken out its a long play on ATH, last one for today. Micro shelf currently pushing with consistent micro HLs into supply.
Extended initial risk from 1R on trade to 1.5R, was decent setup expected it to perform. Finishing there with 1.5R gains on ATH.
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  • #788
  • Mar 7, 2018 3:19pm Mar 7, 2018 3:19pm
Quoting janpec1000
{quote} Extended initial risk from 1R on trade to 1.5R, was decent setup expected it to perform. Finishing there with 1.5R gains on ATH. {image}
Jan where would have been your exit point for a loss on that one? Price went under the shelf.

Thanks
You got to strike when the moment is right without thinking
  • #789
  • Mar 8, 2018 2:02am Mar 8, 2018 2:02am
late entry and not so great supply, but increadable momentum. Also holding long on GBPCAD. will let it run longer
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  • #790
  • Mar 8, 2018 3:32am Mar 8, 2018 3:32am
Tracking gold, so far B quallity play only will see if structure further develops for better play.
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  • #791
  • Mar 8, 2018 3:33am Mar 8, 2018 3:33am
Quoting Vincelev
{quote} Jan where would have been your exit point for a loss on that one? Price went under the shelf. Thanks
Yep it would have been about 35-40% of overall bull leg, basically after that decent rejection of pinbar on 51,80 the stop would be just a bit bellow that.
  • #792
  • Mar 8, 2018 3:35am Mar 8, 2018 3:35am
Quoting TheRealDeal
late entry and not so great supply, but increadable momentum. Also holding long on GBPCAD. will let it run longer {image}
Heavy rotation there for sure, quite a big distance from the lows to highs on that rotation, but as long as price goes straight into favour and you keep it tight on risk that is totally fine to play. Well done on being patient on profit side as well.
  • #793
  • Mar 8, 2018 3:58am Mar 8, 2018 3:58am
Two trades so far:

The CJ was 0.5R
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  • #794
  • Mar 8, 2018 5:21am Mar 8, 2018 5:21am
Quoting Go5
Two trades so far: The CJ was 0.5R {image} {image}
Both good trades, a bit late/high entry on CJ not sure if it was due to entering with market order, try to always enter with limit order so that you can ensure you are entering very close to the flipped supply, this will help you to be tighter on the risk side and better on RR.
  • #795
  • Mar 8, 2018 5:22am Mar 8, 2018 5:22am
Missed GBPAUD takeout, will still try to get in with long fill on micro shelf lows 7787 if it gets.
  • #796
  • Mar 8, 2018 5:51am Mar 8, 2018 5:51am
Quoting janpec1000
{quote} Both good trades, a bit late/high entry on CJ not sure if it was due to entering with market order, try to always enter with limit order so that you can ensure you are entering very close to the flipped supply, this will help you to be tighter on the risk side and better on RR.
Limit order it was, but waited for clearing of the little cluster some 28 candles before...
  • #797
  • Mar 8, 2018 5:58am Mar 8, 2018 5:58am
Quoting janpec1000
Missed GBPAUD takeout, will still try to get in with long fill on micro shelf lows 7787 if it gets.
Closed -1R after initial larger DD.
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  • #798
  • Mar 8, 2018 6:11am Mar 8, 2018 6:11am
Quoting janpec1000
{quote} Closed -1R after initial larger DD. {image}
A question about this one: price had come down only 16 pips when it formed this rotation formation - not exactly a market bottom or should it be enough?
  • #799
  • Mar 8, 2018 6:12am Mar 8, 2018 6:12am
Almost 2 R on this one:
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  • #800
  • Mar 8, 2018 6:59am Mar 8, 2018 6:59am
Quoting Go5
{quote} A question about this one: price had come down only 16 pips when it formed this rotation formation - not exactly a market bottom or should it be enough?
Yes it is enough, dont think of it as a pip distance, its all about volatility size of each leg and each structure. The drop leg was impulsive dropping leg with strong bear prints, then the behaviour changed as bulls started to print some HLs and clearout with rotation. That "bottoming" structure is twice as small the drop leg, so technically it is all well along the rules. Surely larger trends will help with stronger positioning but pullback rotations will also come from much shorter legs.
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