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

  • #4,961
  • Jul 19, 2018 4:15am Jul 19, 2018 4:15am
Over last year as the margin markets on cryptos grow exponentially year after year, the behaviour of cryptos and especially Bitcoin is starting to shift quite significantly.
A constant heavy short squeezes are now a common pattern especially as short sellers are thin spread but very confident and betting big. (60 mil shorts squeezed across only few players, and additional unaccounted shorts from 3 exchanges likely ranging to 30 mil in total) which is over 50% of total buying volume, the rest probably just a pending stop orders of buyers triggered.

Yesterdays (17ths) short squeeze, providing a great pullback leg setup on M15 after it.
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  • #4,962
  • Jul 19, 2018 4:44am Jul 19, 2018 4:44am
Quoting janpec1000
EURUSD as main one on the watch. Needs a momentum move into supply. Whole area supply needs to be taken out. {image}
EURUSD demand gave up, no play.
  • #4,963
  • Jul 19, 2018 9:04am Jul 19, 2018 9:04am
DIS on track. If HH is baked then X,48 is the one to keep eye on as entry.
  • #4,964
  • Jul 19, 2018 9:14am Jul 19, 2018 9:14am
Quoting janpec1000
DIS on track. If HH is baked then X,48 is the one to keep eye on as entry.
Covered some and some break even. X,48 held decently.
  • #4,965
  • Jul 19, 2018 9:42am Jul 19, 2018 9:42am
ZION
  • #4,966
  • Jul 19, 2018 9:46am Jul 19, 2018 9:46am
Quoting janpec1000
ZION
Never mind was too late on posting and also on execution.
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  • #4,967
  • Jul 19, 2018 9:47am Jul 19, 2018 9:47am
EURUSD longed.
  • #4,968
  • Jul 19, 2018 10:09am Jul 19, 2018 10:09am
Quoting janpec1000
EURUSD longed.
EURUSD long sold for loss after it quickly droped and rejected after HH bake.
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  • #4,969
  • Jul 19, 2018 10:15am Jul 19, 2018 10:15am
BAS

market closes in 45 min though..
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  • #4,970
  • Jul 19, 2018 10:47am Jul 19, 2018 10:47am
AUDCAD pullback leg after strong impulsive bull leg, needs a HH bake on momentum move for long trigger. Not much today on FX, if anything this setup is the only decent chance if HH is baked.
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  • #4,971
  • Jul 19, 2018 11:05am Jul 19, 2018 11:05am
Quoting janpec1000
AUDCAD pullback leg after strong impulsive bull leg, needs a HH bake on momentum move for long trigger. Not much today on FX, if anything this setup is the only decent chance if HH is baked. {image}
good one, thanks
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  • #4,972
  • Jul 19, 2018 11:12am Jul 19, 2018 11:12am
Quoting janpec1000
AUDCAD pullback leg after strong impulsive bull leg, needs a HH bake on momentum move for long trigger. Not much today on FX, if anything this setup is the only decent chance if HH is baked. {image}
For flagship play of the day AUDCAD. As pointed out this was the only decent setup today on FX that was standing out. Clean, symmetrical and positioned along heavy impulse leg. Longs covered for gains.
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  • #4,973
  • Jul 19, 2018 12:21pm Jul 19, 2018 12:21pm
US dollar short term bull macro opened on US president comments about too high rates. Since the US president cannot derail the path of FED, it is likely markets jumped the gun and the correction on USD will take place in Asia or tomorrow, thus plotting a soft bullish / correction macro on USDCNH. Micros are the ones to seek along the short term macro path.
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  • #4,974
  • Jul 19, 2018 12:37pm Jul 19, 2018 12:37pm
FB most likely the last play for today. Supply takeout incoming.
  • #4,975
  • Jul 19, 2018 12:43pm Jul 19, 2018 12:43pm
EURUSD might be a play too.
  • #4,976
  • Jul 19, 2018 12:47pm Jul 19, 2018 12:47pm
Quoting janpec1000
FB most likely the last play for today. Supply takeout incoming.
FB long sold at break even. Was aiming for something larger on TP side.
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  • #4,977
  • Jul 19, 2018 1:20pm Jul 19, 2018 1:20pm
Quoting janpec1000
US dollar short term bull macro opened on US president comments about too high rates. Since the US president cannot derail the path of FED, it is likely markets jumped the gun and the correction on USD will take place in Asia or tomorrow, thus plotting a soft bullish / correction macro on USDCNH. Micros are the ones to seek along the short term macro path. {image}
USDCNH two small longs closed for 1.5 R in total. USD is reversing the flows of the news as expected...typical market over-reaction to what has nothing to do with facts on the ground. Macro target likely to be baked in Asia.
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  • #4,978
  • Jul 19, 2018 1:30pm Jul 19, 2018 1:30pm
i saw this one too.
but managed poorly, half BE, let half run to tp

my spread is so terrible. partly why i aim TP at a higher level

Quoting janpec1000
AUDCAD pullback leg after strong impulsive bull leg, needs a HH bake on momentum move for long trigger. Not much today on FX, if anything this setup is the only decent chance if HH is baked. {image}
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  • #4,979
  • Jul 19, 2018 1:33pm Jul 19, 2018 1:33pm
Quoting charvo
i saw this one too. but managed poorly, half BE, let half run to tp my spread is so terrible. partly why i aim TP at a higher level {quote} {image}
Charvo you need to take control over the spreads, else it wont work over long run. A broker switch is a must if you want to trade M1, spreads need to be tight. Or as i suggested previously already...equities. Either or.
  • #4,980
  • Jul 19, 2018 1:39pm Jul 19, 2018 1:39pm
not quite symmetric, but with clearout and a nice shelf, so i long
my tp was quite greedy as the initial TP should be where the "1st tp" marked, i guess
but was not there after entry,

anyway, poor management......

after sl, EU exploded up........ lol
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