{quote} hey Wachturn, thanks for your reply. I am glad you found a way how to profit efficiently from LTFs. You have probably back and forward tested it and have the appropriate mindset and timing for it. You have my admiration. There is not much point of arguing about what is better, as long we both make money and are confident about what we do. In order not to waste much time on printing screenshots and posting them I decided to copy trade from one spot FX account to another demo and attach it as trade explorer. Trades are from last 7 days. So...
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hey,
hope I havent offended you with my reply ( happens sometimes, but unintentional ) ... was just trying to understand your point of view ( LTFs are inefficient)
good idea with the TE, will have a look at it, thanks
For next week on the macro watchlist AWX. Hard to say what exactly happened there as there is no data about it, and the short interest wasnt really that big, most likely a short squeeze combined with some heavy demand increase. Baked nearly 1000% move. In either case statistical chance for the asset to hold to this price is extremely small, correction is set to due. Bearish macro comes in play as soon as market shows weakness with bearish gap down open, or a demand failure setup, the key is to focus on M1 micro plays and pick them along macro direction....
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Alright here we go for the flagship play of the day as pointed yesterday and today, AWX short squeeze with massive move and just a matter of time when rug was to be pulled of and the asset collapses. The crash came very quickly, just pretty much within today. Last bits of bear target remains at 4-5 USD where the squeeze started.
Closing portion of shorts from 20,91 , 18,66 and 18,42 here at 8,00 and covering full in case if short interest over night is too big for a carry trough trade. It reached the bear target more or less thus no point sticking for those 2 more extra bucks.
Goes to show again, having a high quality play of a high quality performing pattern, doing the homework and preaparing the trades well ahead and macro map pays of big time.
Twitter full of kamikaze shorts going all in at market open, but while that tactic works for those with millions of buying power it will never be a holding tactic for non margined or more careful players.
{quote} Alright here we go for the flagship play of the day as pointed yesterday and today, AWX short squeeze with massive move and just a matter of time when rug was to be pulled of and the asset collapses. The crash came very quickly, just pretty much within today. Last bits of bear target remains at 4-5 USD where the squeeze started. Closing portion of shorts from 20,91 , 18,66 and 18,42 here at 8,00 and covering full in case if short interest over night is too big for a carry trough trade. It reached the bear target more or less thus no point...
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AWX a bit closer. In typical demand failure where selling overpowers the demand in such patterns the micro trend looks expressed strongly towards bear side, bear legs go with dump while bull legs are slowly accumulating, but supply eventually overpowers every leg usually due to size of shares dumped at market orders.
Coming for last end of the day short squeeze play in last 30 minutes, however chances for a play today are low
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Once again, 4th day in a row where biggest portion of profits came from end of the day short squeeze plays. Two plays WEC and AMT covered 5 R and 3 R, total 9 R gains. Both plays with relatively tight SLs and progressive squeezes as the structures suggested along with order flow data.
WEC delivered micro pullback after supply breach which was great, to fill full size otherwise it would have been only a small winner.
{quote} Once again, 4th day in a row where biggest portion of profits came from end of the day short squeeze plays. Two plays WEC and AMT covered 5 R and 3 R, total 9 R gains. Both plays with relatively tight SLs and progressive squeezes as the structures suggested along with order flow data. WEC delivered micro pullback after supply breach which was great, to fill full size otherwise it would have been only a small winner. {image} {image}
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i think this idea is market squeez and break . right?
(binned per thread starter's request) Market bottom rotation trad
