Positives
1. Plenty of room to run
2. 3 sym touches on the top side
3. Last candle cleared some stops
4. Semi-aggressive bullish breakout
Negatives
1. Not terribly great rotations at the bottom
2. No increase of vol
3. Not clear MM activity (futures - I don't know if this even counts ?)
3b. Not clear market order push by big player
4. I don't really know what I'm doing here but nice to try something new.
Managed 3 entries today on the YM. 2nd trade notes according to my thread reading. Positives 1. Plenty of room to run 2. 3 sym touches on the top side 3. Last candle cleared some stops 4. Semi-aggressive bullish breakout Negatives 1. Not terribly great rotations at the bottom 2. No increase of vol 3. Not clear MM activity (futures - I don't know if this even counts ?) 3b. Not clear market order push by big player 4. I don't really know what I'm doing here but nice to try something new. {image} {image}
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Not bad, but both B quality plays. Youll need to dig trough thread more to check differences between A grade and B grade plays. The second one worked decently with few bounces, but mind that B grade plays more often wont. Good for a start though.
Btw since you are using NT, use the tape and volume, no reason not to, but will take some learning time to make use of it. Especially look whats happening around key structural areas of order flow around supply takeout zone, or bounce if bid is printing large bids.
{quote} Not bad, but both B quality plays. Youll need to dig trough thread more to check differences between A grade and B grade plays. The second one worked decently with few bounces, but mind that B grade plays more often wont. Good for a start though. Btw since you are using NT, use the tape and volume, no reason not to, but will take some learning time to make use of it. Especially look whats happening around key structural areas of order flow around supply takeout zone, or bounce if bid is printing large bids.
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I'm a tick chart trader so I may have to experiment with M1/Volume to align myself with what you're doing here.
I've never had much luck using T&S or L2 on futures, it's so fast I can't seem to pay attention to the chart and the tape at the same time without losing my focus but I'll give it a try.
I'm not in a low spread FX situation so I'll probably stick with futures. I typically only trade the YM which I'm intimately familiar with but it's doubtful I'll get many A quality setups each week so I may have to expand my futures instrument list so I don't chase.
High priority play of the day today, whole day on focus: VALE . Heavy shocking news, dam collapse, huge capital loss, lawsuits, 2017 talks out of window most likely. This is another PCG in the making. Ballz in short. Offers are stacking very heavily since the Brazil markets opened 10 minutes ago.
Recylcing shorts with higher entries and covering dips.
This is fresh very very bearish news type of play, where market has not priced in the news yet, and there is only one way to go, the question only is how quick will it reach 10.
High priority play of the day today, whole day on focus: VALE . Heavy shocking news, dam collapse, huge capital loss, lawsuits, 2017 talks out of window most likely. This is another PCG in the making. Ballz in short. Offers are stacking very heavily since the Brazil markets opened 10 minutes ago. Recylcing shorts with higher entries and covering dips. https://seekingalpha.com/article/4235850-vale-dam-disaster-destroys-bullish-thesis This is fresh very very bearish news type of play, where market has not priced in the news yet, and there...
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Still holding ballz deep short. Massive instiutional dump on 8:30, 1.5 million shares dumped on market order. The flow for the day is now baked, heavy dumping on the horizon.
{quote} Here we go, pop trough the highs and clearout of shorts as expected. Added some longs.
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The EURUSD shelf flipped 45 minutes ago and price extended 75% afterwards, is the pullback/bounce play still on or is it cancelled due to time and/or price extension?
{quote} The EURUSD shelf flipped 45 minutes ago and price extended 75% afterwards, is the pullback/bounce play still on or is it cancelled due to time and/or price extension?
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Yep still in play, but wait for rejections, this is weaker shelf so needs some decent confirmation to play it of.
USDTRY A grade pullback leg play. Took solid one on this. When USDTRY gets on bull pressure, the pullback legs are on focus, especially if under catalyst drive.
{quote} Still holding ballz deep short. Massive instiutional dump on 8:30, 1.5 million shares dumped on market order. The flow for the day is now baked, heavy dumping on the horizon. Flagship play of this week. {image}
(binned per thread starter's request) Market bottom rotation trad
