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

  • #941
  • Mar 12, 2018 5:35am Mar 12, 2018 5:35am
Anyone caught USDCAD early in the morning? So far flagship setup for the day.
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  • #942
  • Edited 6:11am Mar 12, 2018 5:40am | Edited 6:11am
Quoting janpec1000
Anyone caught USDCAD early in the morning? So far flagship setup for the day. {image}
Dammit! I saw that but didn't act on it.

(On second thought.. i was already late for that one.)
Don't look down when learning to fly.
  • #943
  • Mar 12, 2018 6:02am Mar 12, 2018 6:02am
EURCAD on continuation bearish setup.
  • #944
  • Mar 12, 2018 6:08am Mar 12, 2018 6:08am
usdchf M5
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  • #945
  • Mar 12, 2018 6:12am Mar 12, 2018 6:12am
Quoting janpec1000
EURCAD on continuation bearish setup.
Decent move, missed entry by 2 minutes.
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  • #946
  • Mar 12, 2018 6:12am Mar 12, 2018 6:12am
continuation
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  • #947
  • Mar 12, 2018 6:17am Mar 12, 2018 6:17am
micro shelf provided good cover
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  • #948
  • Mar 12, 2018 6:29am Mar 12, 2018 6:29am
Quoting TheRealDeal
continuation {image}
took profit

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GBPUSD -1R loss

New trade EURGBP
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  • #949
  • Mar 12, 2018 6:56am Mar 12, 2018 6:56am
de30/dax. watching for demand failure
It's in fear when people show what they truly value.
  • #950
  • Mar 12, 2018 7:07am Mar 12, 2018 7:07am
Quoting TheRealDeal
{quote} took profit {image} GBPUSD -1R loss New trade EURGBP {image}
Nicely caught that EG, should have booked some profits though, at least 30%.

Mind that taking partial profits if you are targeting bottom bake process is a must, its not an optional move. All my statistical research clearly points that on larger targets trader gains edge by taking partial profits, becouse the gap between being 5R or more in profits and hitting BE SL afterwards has lower performance, than taking chunks of position off on its way up, since you statistically increase chances to at least cover for 1R loss and fill the middle gap. Performance will be better on partials.
  • #951
  • Mar 12, 2018 7:08am Mar 12, 2018 7:08am
Quoting ensale
de30/dax. watching for demand failure
Yep, slightly asymmetric setup, trendline is not perfectly following extremes, but worth a play, would prefer to play this one with some confirmation on weakness of bounce from bulls or some micro shelf.
  • #952
  • Mar 12, 2018 7:11am Mar 12, 2018 7:11am
Quoting janpec1000
{quote} Yep, slightly asymmetric setup, trendline is not perfectly following extremes, but worth a play, would prefer to play this one with some confirmation on weakness of bounce from bulls or some micro shelf.
excatly, need something to give entry for this one and more probability
It's in fear when people show what they truly value.
  • #953
  • Mar 12, 2018 7:21am Mar 12, 2018 7:21am
Quoting janpec1000
{quote} Yep, slightly asymmetric setup, trendline is not perfectly following extremes, but worth a play, would prefer to play this one with some confirmation on weakness of bounce from bulls or some micro shelf.
Took 2.5R on DE30. Clean wipe of SLs bellow.
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  • #954
  • Mar 12, 2018 7:23am Mar 12, 2018 7:23am
EURCAD on watch also usdcad for potential pullback rotation play
  • #955
  • Mar 12, 2018 7:51am Mar 12, 2018 7:51am
EURAUD on watch for long play if supply gives.
  • #956
  • Mar 12, 2018 7:51am Mar 12, 2018 7:51am
Quoting janpec1000
EURCAD on watch also usdcad for potential pullback rotation play
USDCAD rotation baked.
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  • #957
  • Mar 12, 2018 8:17am Mar 12, 2018 8:17am
Quoting janpec1000
{quote} Nicely caught that EG, should have booked some profits though, at least 30%. Mind that taking partial profits if you are targeting bottom bake process is a must, its not an optional move. All my statistical research clearly points that on larger targets trader gains edge by taking partial profits, becouse the gap between being 5R or more in profits and hitting BE SL afterwards has lower performance, than taking chunks of position off on its way up, since you statistically increase chances to at least cover for 1R loss and fill the middle...
yeah ok finally agree. Through back and forward testing, i found that almost all of my setups go to at least 1R and without big retrace and thats the point of the pattern we are trading. If i go for longer R with includes going through correction, i remove its greatest potential. At end of the day i end up with less profit, because of following reasons:
1. longer time in trade - time consuming - missing other setups while looking at it
2. blocks capital (applies mostly to stocks accounts)
3. cannot make use of bottom bake process
4. having open trades creates a bias when you try to make new decision
5. the more time trade is open, the more variables come in which can interfer the trade (news, influences of other markets, time of day (markets open/close), risk of black swan)

I dont like BE at all tbh. And partial profits are adding complexity and a lot of effort, which leads to most of the points mentioned above.

Thanks

TRD
  • #958
  • Mar 12, 2018 8:44am Mar 12, 2018 8:44am
twitter. My first equity trade
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  • #959
  • Mar 12, 2018 8:49am Mar 12, 2018 8:49am
A very quick 2R on the DAX, 10 points slippage...

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  • #960
  • Mar 12, 2018 8:52am Mar 12, 2018 8:52am
Missed two setups, busy with multitasking .
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