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

  • #6,641
  • Jan 14, 2019 6:39am Jan 14, 2019 6:39am
Quoting Mindsphere
{quote} Yeah, she had finished though when it whipsawed. I guess flow-on impacts. -- USDCAD was a good one, missed the initial takeout. AUDNZD about to go for it.
Careful on AUDNZD this one is tricky one, uneven supply distribution. You need to go with multiple entries and wider SL, also offload on pops and re-add on dips. Otherwise its too easy to get faked out on such setup.
  • #6,642
  • Jan 14, 2019 6:48am Jan 14, 2019 6:48am
I might try long eurchf if .1261 bakes with momentum
  • #6,643
  • Jan 14, 2019 6:50am Jan 14, 2019 6:50am
Quoting janpec1000
{quote} Careful on AUDNZD this one is tricky one, uneven supply distribution. You need to go with multiple entries and wider SL, also offload on pops and re-add on dips. Otherwise its too easy to get faked out on such setup.
Thanks - is that speaking from experience, or is there something in the PA that reveals the underling state of the market?
  • #6,644
  • Jan 14, 2019 7:07am Jan 14, 2019 7:07am
NZDCAD, supply takeout, didnt take nor direct nor bounce entry since volatility is weak and no significant spread tightening. Play worked out though.
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  • #6,645
  • Jan 14, 2019 7:10am Jan 14, 2019 7:10am
Quoting Mindsphere
{quote} Thanks - is that speaking from experience, or is there something in the PA that reveals the underling state of the market?

Generally i am always more skeptical of setups on crosses because on mains market makers are more likely to play - drive price there even if its not very liquid, while on crosses that usually isnt the case. Just being more defensive on stance when playing crosses, unless the liquidity is there.
  • #6,646
  • Jan 14, 2019 7:11am Jan 14, 2019 7:11am
EURAUD finally took out whole area supply, on watch if bid starts to come in aggressively on flip point otherwise a pass on play.
  • #6,647
  • Jan 14, 2019 7:23am Jan 14, 2019 7:23am
Thanks for the feedback re crosses.

GBPAUD looking interesting.
  • #6,648
  • Jan 14, 2019 7:36am Jan 14, 2019 7:36am
Quoting Mindsphere
Thanks for the feedback re crosses. GBPAUD looking interesting.
In long.
  • #6,649
  • Jan 14, 2019 7:44am Jan 14, 2019 7:44am
gbpaud sold for loss
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  • #6,650
  • Jan 14, 2019 7:46am Jan 14, 2019 7:46am
Quoting janpec1000
{quote} In long.
GBPAUD stopped out. No squeeze after takeout.
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  • #6,651
  • Jan 14, 2019 8:00am Jan 14, 2019 8:00am
nzdusd could squeeze
  • #6,652
  • Jan 14, 2019 8:07am Jan 14, 2019 8:07am
USDCAD bid trying, but very asymmetric, probably not worth taking it.
  • #6,653
  • Jan 14, 2019 8:15am Jan 14, 2019 8:15am
Quoting janpec1000
USDCAD bid trying, but very asymmetric, probably not worth taking it.
USDCAD rotated, no entries.
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  • #6,654
  • Jan 14, 2019 8:27am Jan 14, 2019 8:27am
Quoting janpec1000
{quote} USDCAD rotated, no entries. {image}
And bounce.
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  • #6,655
  • Jan 14, 2019 8:29am Jan 14, 2019 8:29am
Recording tape/level 2 today on PCG will post, could be many lessons to take from this one. Should trade on massive volume.
  • #6,656
  • Jan 14, 2019 8:33am Jan 14, 2019 8:33am
Quoting Wachturm
nzdusd could squeeze
I am long now...lets see
  • #6,657
  • Jan 14, 2019 8:34am Jan 14, 2019 8:34am
Bought 9 strike puts on PCG.
  • #6,658
  • Jan 14, 2019 8:45am Jan 14, 2019 8:45am
GBPJPY whole area supply squeeze, looking for bounce play around XX.966 for long.
  • #6,659
  • Jan 14, 2019 8:52am Jan 14, 2019 8:52am
Quoting janpec1000
GBPJPY whole area supply squeeze, looking for bounce play around XX.966 for long.
GBPJPY Brexit twitch came just at right time, bounced hard, took for quick 2R gain.
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  • #6,660
  • Jan 14, 2019 8:53am Jan 14, 2019 8:53am
AUDUSD low volume, thin supply takeout. Missed initial entry.
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