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

  • #4,261
  • Jun 20, 2018 4:48am Jun 20, 2018 4:48am
Another A quality play on EURUSD missed this one too. Pullback leg rotation.
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  • #4,262
  • Jun 20, 2018 7:17am Jun 20, 2018 7:17am
DAX 10sec chart +3R
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  • #4,263
  • Jun 20, 2018 7:24am Jun 20, 2018 7:24am
USDCNH pullback leg rotation.
  • #4,264
  • Jun 20, 2018 7:24am Jun 20, 2018 7:24am
Quoting Wachturm
DAX 10sec chart +3R {image}
Hey, great trade there, very solid structure.
  • #4,265
  • Jun 20, 2018 7:36am Jun 20, 2018 7:36am
Quoting janpec1000
{quote} Hey, great trade there, very solid structure.
thank you Jan, and thanks again for sharing all this valuable information here
  • #4,266
  • Jun 20, 2018 7:49am Jun 20, 2018 7:49am
watching USDJPY
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  • #4,267
  • Jun 20, 2018 7:52am Jun 20, 2018 7:52am
Quoting Wachturm
watching USDJPY {image}
Tracking same structure needs momentum move above supply, prefered way would be strong dip down before leg up.
  • #4,268
  • Jun 20, 2018 7:57am Jun 20, 2018 7:57am
Quoting janpec1000
USDCNH pullback leg rotation.
USDCNH rotation of pullback leg baked, was away didnt manage to enter fast enough. Noted some explanation besides the structure, as pointed previously if pullback leg has tightening and has HL progression once the HH is baked, then entry should be instantly on HH bake (if its momentum based), however if structure is not yet in HL mode on the HH bake then its better to wait for HL to gets confirmed and established, that way chances for DD on entry are decreased. Tightening process should be established so that trader has symmetry to follow from both side for risk management.
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  • #4,269
  • Jun 20, 2018 8:10am Jun 20, 2018 8:10am
I am in with very tight SL ...
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  • #4,270
  • Jun 20, 2018 8:19am Jun 20, 2018 8:19am
Quoting Wachturm
I am in with very tight SL ... {image}
Long sold on my side. 2 R gain in total. I would not suggest going with such large TP, if you do that, then you must use scale outs as explained previously on thread. Offload partials of profits on the way towards your TP, having such trade turning into loss is not acceptable after being in such large profits. To scale out i would suggest using 2-3 placed alerts on the chart where you wish to scale out so you dont have to watch a chart, once price is there just right click on your trade and click "Modify" and then under "Type" click "Market order change" and put 30% of your size to close it (or whatever the number you are willing to go with).

As i pointed out previously, this isnt some my personal wish to go method, i can prove with as many statistical analyses that i did over years that scaling out positions that have moderate or larger R TPs have drastically increased edge compared to traders who dont scale out at all.
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  • #4,271
  • Jun 20, 2018 8:21am Jun 20, 2018 8:21am
Quoting Wachturm
I am in with very tight SL ... {image}
Good trading , Wachtrum!
  • #4,272
  • Jun 20, 2018 8:24am Jun 20, 2018 8:24am
out
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  • #4,273
  • Jun 20, 2018 8:31am Jun 20, 2018 8:31am
Quoting janpec1000
{quote} Long sold on my side. 2 R gain in total. I would not suggest going with such large TP, if you do that, then you must use scale outs as explained previously on thread. Offload partials of profits on the way towards your TP, having such trade turning into loss is not acceptable after being in such large profits. To scale out i would suggest using 2-3 placed alerts on the chart where you wish to scale out so you dont have to watch a chart, once price is there just right click on your trade and click "Modify" and then under "Type" click "Market...
And now for perfect situation to confirm my lesson over and over again. If one had TP just a pip above there....all gains gone and turn into loss.
Thus...use scale outs one can never know when markets take turn aggressively.
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  • #4,274
  • Jun 20, 2018 8:33am Jun 20, 2018 8:33am
Quoting janpec1000
{quote} Long sold on my side. 2 R gain in total. I would not suggest going with such large TP, if you do that, then you must use scale outs as explained previously on thread. Offload partials of profits on the way towards your TP, having such trade turning into loss is not acceptable after being in such large profits. To scale out i would suggest using 2-3 placed alerts on the chart where you wish to scale out so you dont have to watch a chart, once price is there just right click on your trade and click "Modify" and then under "Type" click "Market...
I like big TPīs but most of the time I cash out earlier, its just there to remind me to hold thru some pain and not chicken out early

this time was really close, forgot about the news, heavy drop there
  • #4,275
  • Jun 20, 2018 8:34am Jun 20, 2018 8:34am
Quoting TheRealDeal
{quote} Good trading , Wachtrum!
thank you TRD
  • #4,276
  • Edited 9:35am Jun 20, 2018 9:07am | Edited 9:35am
watching DOW

nice supply area there M1.. but no clearout yet

edit: no bull momentum, invalid
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  • #4,277
  • Jun 20, 2018 9:52am Jun 20, 2018 9:52am
US30 potential rotation with rounding if supply is taken out, looking for long plays on correlated high cap equities.
  • #4,278
  • Jun 20, 2018 9:56am Jun 20, 2018 9:56am
RMBL potential upward move on bullish accumulation and tightening. Not taking entry though, a bit low liquid, spreads could jump if it drops.
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  • #4,279
  • Jun 20, 2018 10:06am Jun 20, 2018 10:06am
NEPT pullback leg rotation with impulse HH bake.
  • #4,280
  • Jun 20, 2018 10:11am Jun 20, 2018 10:11am
Quoting janpec1000
NEPT pullback leg rotation with impulse HH bake.
NEPT example where level 2 order flow helped a lot, took a very quick ditch on that long as 3,85 showed huge seller on the ask, and as price consumed that seller and droped ,the seller came back again with 10k shares, so took an exit.
Long sold for 0.5 R loss.
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