{quote} Alright answers: 1.Strong impulsive momentum is the first required variable to seek for continuation play? True / false 2. Second most important variable in continuation play is having at least 2 - 3 highs and lows in structure? True / false 3.Can bullish continuation setup with flat upper trendline be traded (upper trendline that does not drop from left to right)? True / false 4.Under macro capital flows, shown as very strong momentum on asset (usually) continuation setups are more likely to appear than under normal market conditions? True...
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Thanks for this quiz, Jan. I was expecting that you will give more time in order more people to be able to answer and discuss the questions. Thats the reason i was holding back my answers. Looks like i have most of the answers same as you. Just 1 of those are different and i will explain why.
10. Continuation setups are relatively frequent plays (of all the so far presented patterns)?
False, because market moves less time than consolidates, so bottoming/topping structures occur more frequent. Another reason is that continuation setups, because of their low hit rate, require perfect symmetry + strong move prior the pattern. That further reduces the frequency.
Beside of that i think that those questions require very good understanding of contnuation pattern + your basic trading rule for risk management. I think it will help more the readers to explain why is True or False the answer. I can try too, ofc if readers are interested.
{quote} Thanks for this quiz, Jan. I was expecting that you will give more time in order more people to be able to answer and discuss the questions. Thats the reason i was holding back my answers. Looks like i have most of the answers same as you. Just 1 of those are different and i will explain why. 10. Continuation setups are relatively frequent plays (of all the so far presented patterns)? False, because market moves less time than consolidates, so bottoming/topping structures occur more frequent. Another reason is that continuation setups, because...
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Oh ye sure your right it would be more helpful to explain why the answers are the way they are, altough like i said most answers can be found in the thread with somewhat decent explanation.
As for continuation play being frequent i used word "relative" because if you compare it to other plays in thread it is less frequent than supply or demand takeouts, but overall on per day basis its still a frequent play if you would only trade continuation it would be enough to build consistent profits, so thats what i was aiming with that question.
1317 sellers arent taking it, longed micro tunnel sold higher long on BE, added on micro shelf lows and closed lower one for 1R loss. If clearout bull has given up its ready to tank now.
Alright and here we go, Italy Five star party calling for early elections. If we get to it, it will open bearish macro play on EUR and Italy 10 year bonds for next months to come. And if there is victory of five star it would open huge fear flows inside whole EUR markets no matter of exiting or not, potential solid play to come, but still needs to develop more before confirmation.
It would be a double whammy to play, on bear side if election baking is real, and then on bull side as relief rally once the exit (most likely) wont happen. Lets see if we get another Greece play repeat itself.
CELZ penny stock on macro setup, soft rounding. Looking for long plays next days and hold them over night if taken. Trades with decent liquidity so solid way to find micro setup.
Potential 10 R or more to make on it.
(binned per thread starter's request) Market bottom rotation trad
