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

  • #4,021
  • Jun 11, 2018 4:04am Jun 11, 2018 4:04am
not really continuation pattern as not clean enough, but good squeeze aftetr impulsive move and HH
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  • #4,022
  • Jun 11, 2018 4:29am Jun 11, 2018 4:29am
USDJPY

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GBPJPY needs momentum leg into supply otherwise not considering it.
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  • #4,023
  • Jun 11, 2018 4:34am Jun 11, 2018 4:34am
Quoting TheRealDeal
not really continuation pattern as not clean enough, but good squeeze aftetr impulsive move and HH {image}
USDJPY is clean pullback leg setup, fitting setups like that to continuation plays will yield you unnecessary loses.
  • #4,024
  • Jun 11, 2018 4:44am Jun 11, 2018 4:44am
Quoting charvo
thanks for the tips on brokers. i'll resort to your help once i reach that stage. as to crypto, i treat it in a way similar dealing with retirement investment. just put some money every month into bch. i just can't see many plausible crypto except BCH, lol, i must be paranoid. the thing with EOS is like you said, its market cap already too big. and it is based on POS fundamentally, which I just don't agree with. And many big fish already have tons of EOS, the manipulation would be super dramatic i guess, lol. now i think at least for partial positions,...
Yeh dollar cost avarage every month is best way to go. I personally wouldnt suggest investing all in single coin, its too risky and also it limits the potential on profits, unless you do it in market index which in this case is BTC (outperformed in 2017). With alts best is to pick few and be diversified, altough it does go without saying picking any new coin to invest in requires substential research for each of it.
  • #4,025
  • Jun 11, 2018 5:13am Jun 11, 2018 5:13am
not the right place for bottom rotation, but decided to give it a try
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  • #4,026
  • Jun 11, 2018 5:18am Jun 11, 2018 5:18am
Quoting janpec1000
USDJPY {image} GBPJPY needs momentum leg into supply otherwise not considering it. {image}
USDJPY covered some gain the rest break even. GBPJPY had no momentum into supply and is struggling even though that bulls are printing consistent HLs. For quality plays to avoid fakes one should wait for strong momentum takeout.
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  • #4,027
  • Jun 11, 2018 5:24am Jun 11, 2018 5:24am
Quoting TheRealDeal
not the right place for bottom rotation, but decided to give it a try {image}
closed as loss
  • #4,028
  • Jun 11, 2018 5:39am Jun 11, 2018 5:39am
NZDUSD down trend behaviour change with shelf stacking. Upward move likely.
  • #4,029
  • Jun 11, 2018 5:59am Jun 11, 2018 5:59am
Quoting janpec1000
NZDUSD down trend behaviour change with shelf stacking. Upward move likely.
NZDUSD rotation baked, didnt take entry as volatility is a bit low.
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  • #4,030
  • Jun 11, 2018 7:39am Jun 11, 2018 7:39am
PO triggered, might exit earlier if bear run too strong, it has a overhead supply to overcome
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partial TP, BE, and let this rest run more
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GJ similar to NJ, already tp. should've used 2 positions, so that one can run more...........
  • #4,031
  • Jun 11, 2018 7:56am Jun 11, 2018 7:56am
Gold potential high quality pullback leg rotation setup taking place, strong clean bull momentum ahead, eyes on HH bake.
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  • #4,032
  • Jun 11, 2018 8:01am Jun 11, 2018 8:01am
Quoting charvo
PO triggered, might exit earlier if bear run too strong, it has a overhead supply to overcome {image} partial TP, BE, and let this rest run more {image} GJ similar to NJ, already tp. should've used 2 positions, so that one can run more...........
AUDUSD was fine entry there it was important that you waited for whole area supply to be taken out on solid move so that it confirms the weakness on bearish order flow. In setups like that where supply is not 100% cleanly symmetrically aligned, be as precise as possible at looking at what price is doing, which considering your entry was done correctly.
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  • #4,033
  • Jun 11, 2018 8:35am Jun 11, 2018 8:35am
Quoting janpec1000
Gold potential high quality pullback leg rotation setup taking place, strong clean bull momentum ahead, eyes on HH bake. {image}
Gold sold half for gains half on break even, a bit unlucky there got cleared out just before it took of again. There is no need to complicate pullback leg setup, its all about momentum ahead and then momentum on HH bake, thats the core of it.
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  • #4,034
  • Jun 11, 2018 8:38am Jun 11, 2018 8:38am
EURCAD is potential entry if it completes one more leg to bake continuation play.
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  • #4,035
  • Jun 11, 2018 8:48am Jun 11, 2018 8:48am
big spread but good pattern
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  • #4,036
  • Jun 11, 2018 9:05am Jun 11, 2018 9:05am
Quoting TheRealDeal
big spread but good pattern {image}
Decent setup yes, on my side spreads are a bit better, perhaps playing this one 50% ahead of break would be best on that last strong HL print and splitting positon in two pieces. This way your avarage entry would have still been very close to the trendlined supply.
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  • #4,037
  • Jun 11, 2018 9:07am Jun 11, 2018 9:07am
Quoting janpec1000
EURCAD is potential entry if it completes one more leg to bake continuation play. {image}
EURCAD another leg baked, now all it needs is another bullish momentum move upwards and break.
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  • #4,038
  • Jun 11, 2018 9:12am Jun 11, 2018 9:12am
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  • #4,039
  • Jun 11, 2018 9:20am Jun 11, 2018 9:20am
Quoting TheRealDeal
{image}{image}
.
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  • #4,040
  • Jun 11, 2018 9:34am Jun 11, 2018 9:34am
Quoting janpec1000
{quote} Decent setup yes, on my side spreads are a bit better, perhaps playing this one 50% ahead of break would be best on that last strong HL print and splitting positon in two pieces. This way your avarage entry would have still been very close to the trendlined supply. {image}
The TL was lower and entry was before that last high developed. I redrew it , is harder to see why entered now. And because of the high spread is even harder to determine if it really broke.
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