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

They are soaking some offers, along the plan for now. Upside likely, longed some 6A futures on dips.

We had today something similar may be on GU. I took advantage but could close earlier.

Clearout

For trading clearout, using futures volume data helps a lot to confirm it. One can get demo NT acc for that, or open acc with some other brokers to access the data, defenetly worth it, catching 1 play per month aloane pays for costs.
Only targeted clearouts should be considered for trading, otherwise its just a guessing game. The difference between targeted and non-targeted move is that non targeted move will just be slow or semi-slow move bellow the lows, while targeted move is clear very quick strong move that starts from supply (highs) or in middle of structure and it clears the lows within single M1 candle. Only targeted move should be traded.
Once it clears the low the price should quickly bounce back on market buying (the same player that triggered liquidiation of clearout starts to push market orders), the way to see that is by looking at tape on futures for that currency symbol. Can be done without it, by just doing trough MT4 but takes more practice.

Often a structure for clearout will have higher lows and higher highs, which creates visually fake strong demand where lots of traders will put SLs bellow due to consistently higher lows, which is what MM will aim for. So this structure is key suspect to this practice:




There are many cases of different structures where clearouts will be triggered, but the above one is usually the most common.

If there is true clearout, the futures volume should confirm big volume spike on that candle that swipe trough lows as the limits orders get consumed from those placing SLs there. MT4 FX volume is not reliable for that, needs futures.

Very different, mind that you have to be precise when identifying those things. Structure yes seems similar, but the bear legs on GBPUSD were slow, they took 10-20 minutes for each of those to bake. On proper weakness play, the bear legs will bake within 1-60 seconds, thats a massive difference in the supply imbalance chain.
That is why i specifically pointed out the timing component, you have to look on that to identify proper weakness, structure aloane wont be enough.

NZDJPY short.

DE quick 100 bucks. Weakness on progression, and then weakness of bid on support.

Reading the structure and adapting to info

The key to trading supply takeouts, especially A grade plays is to adapt to development of PA. Knowing which variables tell you to add or to approach, and which to stay away, or with other words, which show strenght and which show weakness.

Strenght (good for bull side):
1.Higher lows
2.consistent prints of equal lows and then all of sudden strong HL
3.micro shelf builds and holds in supply level, bid defending aggressively at supply level
4.after clearout price goes all the way up to high in single leg
5. Price meets supply level on every push of bull legs

Weakness (bad for bull side)
1.Price making lower highs unable to meet the supply level
2. washes in bear legs, bull legs weak, bear legs very quick and strong.
3.Thin traded bull legs, bear legs on volume
4.stuffing on supply level with huge volume (needs futures), big volume stuffs as buy market orders push into supply

Cut. Should have flipped long, but wasnt really watching it.

Aussie, baked. Sold longs on futures.

BMY

BMY took some.

DE
Abyss

Nailed DE weakness. Scary quick pops on bid, but the overall picture says what it says. Stayed and added. Went exactly where it should have.
Should have added more size.
Again all variables were there, explained already above and on previous posts, bear micro gaps, micro washes...etc etc.

EURJPY possible A grade pullback play. Last FX for the day. If bakes HH on momentum will add size. 100 eyes on this one should see same thing.

CAT supply takeout play likely.

Loaded some ballz.
EURJPY short too.

CAT ballz offloaded.

DE flip point absorption.

D EOD ss squeeze. Last one.

Sanctions play USDRUB

Possible increase of sanctions over next few weeks on Russia, USDRUB placed on watch. If sanctions come, becomes primary play with longs. US sanctions already set, the question remains if EU will follow.

EU talks in Monday, so on high priority watch USDRUB if it starts to gain momentum, its a long play. Will keep updating this one each day as its very important, potentially strong play same as last year August sanctions play.