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

“Beautiful things don't ask for attention.” The secret life of walter Mitty

https://www.youtube.com/watch?v=HEwtPwkeXjw

nice film by the way...

IBM supply takeout, looking to fill on long on retrace towards supply.

IBM rotating to the target after some dip.

QTNT didnt take an entry as spreads and slow robust ticker didnt allow good RR, but eventually did go to projected target, so 2 or 3 R left on table after all.

pullback leg, might rotating
remind myself, either strong momentum up, or clean shelf, before considering long

two bottom rotation / SD takeout trades

one is my friend's trade, a good fail?

one is what i missed, it seems valid setup to me

hi ls

sorry I dont get it...

thanks for the film tip..

ANIK printed a 4 high quality ask stacks in a row and they all went under my radar, each of them delivering over 5 R ....

Charvo EURAUD setup probably shouldnt be taken, mind that demand is just not symmetric enough, too much distance overall in the rejections, which means are you not going to be able to tell which should be your best entry area, nor where actual strongest order flow is positioned overall. Try to focus only on sup-dem zones where zone is as equally distributed as possible, and the only exceptions where semi-symmetric zones should be traded on takeout is where there is exceptionally strong momentum move into supply, obvious targeted attempt.

Not that it was bad structure, couse it wasnt, most of variables in that play were there, but the one thing it wasnt was symmetry, and without that you could step on too many fakes in terms of enter - and - go move.

Last one on FX for today EURUSD long on pullback leg rotation with decent consistent symmetry and HH bake, not a very strong momentum ahead of structure however. Long sold for 1.5 R gain.

Always Lovely see your clean and simple charts and trades my friend!!

UNH potentially last play of the day, if spreads tighten otherwise a pass. Strong momentum ahead of this one.

UNH rallied strong, but the dips were too heavy, even though there was obvious heavy dip buyer coming every time, had to cut position on BE to reduce potential exposure. Its frustrating sometimes when strong setup is also confirmed by strong order flow but just some counter shark is not playing the music you like.

EURAUD first HH on momentum bake in down trend. Potential soft trend rotation to the upside.

EURAUD long closed on break even, solid attempt. As mentioned times before being a spot on rotation trader is about understanding all the underlying principles of what forms a price to find when likely a orderflow shift has happened. Most traders fail as they focus on too simple or only single variable (usually only looking at when high gets higher or low gets lower, or how far in pips things go) which is not enough. To be consistent on rotations, volatility shifts, consistency of symmetry (lows or highs progression without any disruptions) and momentum changes at key areas are the variables that have to be taken into account. This takes practice and observing the price structures always from the stance of all those variables, and not just focusing on one. All the patterns presented in this thread have this in common, the rest is just about visuals.

EURUSD deeper pullback leg but took it due to heavy momentum move which is being driven by GBP BOE news not long ago. Sold long for some gains.

EURUSD pullback leg rotation.-

Been learning a lot from this thread. Thanks Jan for this material. Saw a pullback leg on USDJPY earlier. BTW Jan I saw you started a thread about trendline breakout 2 yrs ago which was also quite interesting.

EURCAD took two longs on pullback leg rotations ,both direct moves to target.