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  • #521
  • Feb 28, 2018 11:53am Feb 28, 2018 11:53am
I was watching AJ and tried the clearout, nice move +3r. Janpec when you trade the clearout do you target the highs, the break of the highs or something even higher?
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You got to strike when the moment is right without thinking
  • #522
  • Feb 28, 2018 12:28pm Feb 28, 2018 12:28pm
Quoting Vincelev
I was watching AJ and tried the clearout, nice move +3r. Janpec when you trade the clearout do you target the highs, the break of the highs or something even higher? {image}
Solid trade there, in cases like that its always good idea to set alert ahead otherwise one misses the trade, unless you watch the chart closely. As for clearout you can see few examples posted on previous pages, in most cases i will target the takeout of supply as long as bulls are showing true proper strenght (like the AJ example), so i would close 30% position as price meets supply (usually due to bounce), and then load full size plus whatever is being carried from clearout on the takeout of supply for further move up. In some cases i do close full position as price meets supply after clearout especially if move is weak, or if supply is not symmetrical / even. There is no clear one sided answer to this, the real answer is that one should use as much as possible even approach to trade the clearout, meaning that whichever approach you decide to use stick to it (for example using mine, or simply closing full size on supply meet) so that consistency of pattern also reflects into consistency of your trades in trading account the way you execute it. But in short answer....supply should be minimum target in either case.
  • #523
  • Feb 28, 2018 12:30pm Feb 28, 2018 12:30pm
58,26 looking for PGR long fill, supply is out, key is whether micro shelf holds if its formed.
EURJPY looking for long if range is taken out, tight volatility, going to scale under on position size. Might scale in slowly ahead if bulls respond. EURUSD 2204 shares same key level for potential soft liquidation.
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  • #524
  • Feb 28, 2018 12:50pm Feb 28, 2018 12:50pm
Quoting janpec1000
58,26 looking for PGR long fill, supply is out, key is whether micro shelf holds if its formed. EURJPY looking for long if range is taken out, tight volatility, going to scale under on position size. Might scale in slowly ahead if bulls respond. EURUSD 2204 shares same key level for potential soft liquidation. {image}
PGR left me dry without a fill on entry on primary broker not sure why as spreads were totally fine, on Tradezero got a fill but only partial, maybe a liquidity hole not sure doesnt make much sense. Either way...target baked.
EU and EJ did not trigger, a bit too tight volatility, about it for today.
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  • #525
  • Feb 28, 2018 1:03pm Feb 28, 2018 1:03pm
Quoting janpec1000
58,26 looking for PGR long fill, supply is out, key is whether micro shelf holds if its formed. EURJPY looking for long if range is taken out, tight volatility, going to scale under on position size. Might scale in slowly ahead if bulls respond. EURUSD 2204 shares same key level for potential soft liquidation. {image}
EURJPY fantastic example to spot a most likely single hand playing the whole structure with double sided clearout. That is how one pushes in large order in thinner liquid market. Strong bull leg leaves many clues for forensics to pick on.
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  • #526
  • Feb 28, 2018 1:47pm Feb 28, 2018 1:47pm
What you calling supply taken out is actually bull trap then followed by bear trap
  • #527
  • Feb 28, 2018 1:55pm Feb 28, 2018 1:55pm
Quoting Divergence
What you calling supply taken out is actually bull trap then followed by bear trap
Not at all, supply takeout and bull trap are 180 degrees oposite informational patterns. Each of them with oposite factions delivering the key move. Naming each of those in same way would make negative in general. They do share key micro shelf, but each of them share charasteristics ahead and afterwards to spot/ print them.
Calling supply takeout a bull trap would be absolutelty devastating to performance of trader if one was to assume shorting such setup ahead.
Each setup in my strategy has been carefully stress tested, back tested, forward tested over thousands of setups and trades to not confuse trader or traders, in trading being specific could be difference between making it or not, thus no simplification will be done here.
  • #528
  • Feb 28, 2018 2:50pm Feb 28, 2018 2:50pm
Janpec, do you trade it also on m15 or only m1?
  • #529
  • Mar 1, 2018 2:58am Mar 1, 2018 2:58am
Quoting MrGreen95
Janpec, do you trade it also on m15 or only m1?
All time frames are traded, no exceptions. However majority of trades will be M1 trades simply becouse that is much higher frequency chart than for example M15.
High TF macro setups are especially appretiated since it allows trader to then use M1 to micro manage entry around macro setup to increase RR on trade by large factor (see example on previous pages). There are plenty M15 setups posted on previous pages overall.
  • #530
  • Mar 1, 2018 4:21am Mar 1, 2018 4:21am
GBPJPY will look to fill slowly position towards potential supply takeout, HL printed with strenght.
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  • #531
  • Mar 1, 2018 4:36am Mar 1, 2018 4:36am
Quoting janpec1000
GBPJPY will look to fill slowly position towards potential supply takeout, HL printed with strenght. {image}
Plus 4 R in total on trade. Learn to swim along the sharks...
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  • #532
  • Mar 1, 2018 5:26am Mar 1, 2018 5:26am
130.123 EURJPY bought, looking for rotation of micro structure.
  • #533
  • Mar 1, 2018 7:18am Mar 1, 2018 7:18am
EURJPY tracking closely for potential long if supply is taken out.
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  • #534
  • Mar 1, 2018 7:40am Mar 1, 2018 7:40am
I had EJ in my sight too. Strong move.
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You got to strike when the moment is right without thinking
  • #535
  • Mar 1, 2018 7:41am Mar 1, 2018 7:41am
Quoting janpec1000
EURJPY tracking closely for potential long if supply is taken out. {image}
Superb squeeze on EURJPY, buyers revelaing hands 3 times, first on clearout, second on the strenght and consistency of move towards supply after clearout, and the last step on the micro shelf building and agressive absrobtion.
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  • #536
  • Mar 1, 2018 7:42am Mar 1, 2018 7:42am
Quoting Vincelev
I had EJ in my sight too. Strong move. {image}
Looks like you bought ahead of takeout aswell, well done. In such case you can always double up position size by adding another position on proper break and quickly putting BE SL on lower position its option but worth an attempt.
  • #537
  • Mar 1, 2018 7:44am Mar 1, 2018 7:44am
GBPAUD in sight now potential takeout of supply.
  • #538
  • Mar 1, 2018 7:48am Mar 1, 2018 7:48am
I got a nice move on cadjpy too.
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You got to strike when the moment is right without thinking
  • #539
  • Mar 1, 2018 8:07am Mar 1, 2018 8:07am
Quoting janpec1000
GBPAUD in sight now potential takeout of supply.
GBPAUD squeezed, a bit asymmetric supply went with larger SL this time, also wanted to add on HL bounce but price took off too quickly and left pending unfilled.
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  • #540
  • Mar 1, 2018 8:43am Mar 1, 2018 8:43am
some quickies in EU
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Risiko birgt immer auch die Chance.
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