{quote} Well played. Hope you took some GBP longs too, those could easily play you whole month if they do what i think theyll do.
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I missed that setup at 12:10 and I am quite ignorant to the brexit negotiation influences. So I'm waiting for technical setup but beside that I am totaly incompetent. For that soaking and institutional presence in GBP longs you are using just tape in futures or you are digging it throu Bookmap? Thanks
Hey, Janpec, wanted to ask how to you keep your MM in place with all these fast phased trades, or you just keep same lot size on all trades?
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Hey, this has been explained in thread already , not sure which page though. The size is always dynamic. No matter what you trade, no matter where you trade trader should always use dynamic lot / share / contract sizes, that way you are always aproximating similar risk per each play, giving similar footprint on account from every play (with exception of higher conviction or higher edge plays where you size more).
I use Easy position size calculator indie, wont give any links because its not free and i am not promoting the author. There are many position size indies out there, but i like that one because its super simplistic. So before every trade ill just quickly use "Crosshair" tool in MT4, draw the distance of whole structure depth size and then type that number of pips into Position size indie which will give me the result on how many lots i should use. But after a while you get used to know to how much size you need to put corelated to current volatility for most cases. So the whole proces takes about 15 seconds per play usually once you get used to it which allows you to spend more time elsewhere on preparation.
{quote} I missed that setup at 12:10 and I am quite ignorant to the brexit negotiation influences. So I'm waiting for technical setup but beside that I am totaly incompetent. For that soaking and institutional presence in GBP longs you are using just tape in futures or you are digging it throu Bookmap? Thanks
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Used tape, futures and bid/ask vol indie, didnt use Bookmap but i should have.
I didnt renew Bookmap subscription and i totally should because that would have been huge help in last two days on GBP. When limit soaking is so drastic and so big as it was in last 2 days you would see it big time on Bookmap because institutions cannot hide themselves when it comes to that (you would see dark red prints bellow bid of every minute of price trading over since mid yesterday), dark pools cant be used for that kind of activity so yeh...Bookmap would help you a lot especially if you are not good at reading the tape.
Looking for short squeeze play , will long small. Target 1,50. Lots of warrants at 1,2 (6 million) but if shorts panic it might squeeze. Those shorts are naked and exposed, all this needs now is some market maker coming in with big ass buying and it can squeeze, however it also depends if company decides to liquidate that 6 million warrants today or not will have important role. If it wasnt for warrants, it would have been straight easy long, going small size due to that.
{quote} This is gona fly. Loaded in GBPUSD longs, will add ballz in on HH bake. Flaghship play of the day, pullback leg structure with heavy accumulation of institutions.
{quote} This is gona fly. Loaded in GBPUSD longs, will add ballz in on HH bake. Flaghship play of the day, pullback leg structure with heavy accumulation of institutions.
GBPUSD they just flushed their longs. Looking to add back again on flip point retest. Perfect, throwing another bone to chew on.
3330 looking for long, has to hold. If doesnt hold its done, if it holds which most likely will, add.
(binned per thread starter's request) Market bottom rotation trad
