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DeGRAM | SILVER trend change? Silver breaks the downward long trend on impulse and goes up to resistance. A movement of 4.3% hints at a trend change to an upward one. The instrument closes at the high of the day's movement and directly at the resistance level. I look forward to the continuation of the movement after a slight rollback. The target is the nearest strong resistance at 25.89 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
OANDA:XAGUSDLong
by DeGRAM
6
DeGRAM | GOLD growth without retracementGold on the daily chart is sandwiched between two levels. False breakouts from below, it is clear that a major player is gaining a position for growth. There is a level on top. 1829 and behind it the resistance zone where there is a huge accumulation of orders. The zone is strong enough and at the moment it is important and carries priority over most of the players. Locally I expect growth after consolidation. Target - level 1833 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
FX_IDC:XAUUSDLong
by DeGRAM
6
Formation of consolidation according to Wyckoff Phase 1 : Stopping the previously dominant trend. The offer prevailed. Decrease in supply is indicated by preliminary support (PS) and sales climax (SC). These events are visible on the charts, where widening spreads and high volume reflect the transfer of a huge number of shares from one speculator to another. As soon as sellers weaken, an automatic rally (AR) follows, consisting of both demand for stocks and covering short positions (two types of ogrok are activated). A successful secondary test (ST) in the SC area will show a decrease in sales, as well as a narrowing spread and a decrease in volume, usually stopping at the same level as SC. If ST falls below SC, either lows renewal or consolidation formation can be expected. The SC and ST minimums and the AR maximum set the boundaries of the TR. Levels can be drawn to help see the market as shown in the two accumulation charts above. Phase 2 : In Wyckoff's analysis, Phase B acts as a “cause-building” for a new uptrend (see Wyckoff's Law # 2 - “Cause and Effect”). In Phase 2, large players accumulate relatively inexpensive stocks in anticipation of a mark-up. The accumulation process can take a relatively long time and includes buying stocks at lower prices and checking for price increases by short selling (false breakouts). Typically during phase 2 there are multiple STs as well as upward actions at the upper end of the TR. In general, as TR develops to acquire most of the remaining supply, the majority of its interests are net buyers of shares. Buying and selling impart a characteristic up and down price movement to a trading range (flat). At the beginning of phase 2, the average true range is wide and accompanied by a large volume. However, as the professionals absorb the supply, the volume of the downward swings within the TR may diminish. When it turns out that stocks are likely to be depleted, the market is ready for Phase 3. Phase 3 : The instrument goes through a critical review of the remaining supply, allowing the big players to make sure the instruments are ready for growth. As noted above, a spring is a price movement below the TR support level (set in phases 1 and 2) that quickly reverses and returns back to TR. This is an example of a false breakout. In reality, however, it marks the beginning of a new uptrend after grabbing liquidity, delaying late sellers. In Wyckoff's method, a successful test of the supply, represented by a spring (or shake out), provides an opportunity for higher expectation trading. A low volume shake test indicates that the instrument will be ready to go long, so now is a good time to enter at least a partial long position. Phase 3 : There is a constant predominance of demand over supply. This is evidenced by the promotion model (SOS) with widening price spreads and increasing volumes, as well as the reaction (LPS) to smaller spreads and reduced volumes. During phase 3, the price will advance to at least the top of the TR. The LPS in this phase is a great place to go long. Phase 5 : The instrument leaves the TR zone, growth is forming, as demand is under complete control. Shakes and more typical reactions are usually short-lived. New higher-level TRs, involving both profit-taking and consolidation by large players, can occur at any time in Phase 5. These TRs are sometimes referred to as "stepping stones" on the path to even greater ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support! info taken from WyckoffAnalysis
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Education
by DeGRAM
17
The importance of the STOPLOSS protective orderThe importance of the STOPLOSS protective order Our protective stops are vital to managing our risk, and just a single position you open without a stop can lead to the suicide of your trading account. The uniqueness of stop orders lies in the fact that they, being pending orders, await their execution at a predetermined price. When stop orders are triggered, their important function is that they add momentum to the market and at the same time use the liquidity present in the market. 1) Many have probably heard such information as: "When entering a trade, place a protective stop just below the high / low of the price." The reason is that this level has been identified as an important support level . What else is posted in the support area? Limit orders of traders to buy, who have identified the support area and are waiting for the time to open a position when retesting the level. Is there a large number of stops under each level? It depends on the size of the timeframe and how quickly the price leaves the given zone at the time of purchase. 2) When the price gets to this level, traders are still interested in long positions, but this time the price does not bounce off that level as one would expect. It does not break it, does not make lower lows, but displays lower highs. If you were interested in going long right now, what would you do? The average trader who bounces off the support level would enter a long position with a stop just below the support level . If you had a limit order that hadn't been filled yet, I would have postponed the order. Candlesticks / Bars displays lower highs; The price does not rise as fast as one might expect; You know that just below the support area there are a lot of stop orders. 3) What happens next? The price moves downward under pressure and breaks the stops of traders who have long positions, and, as we remember, when buy stops are triggered, these are market sell orders, and they force the price to move further down. And traders, who are waiting for the opening of short positions, open them because the price breaks the support level , but then the market takes them out, “eats” them, because the price goes higher. 4) Those traders who were initially set for long positions and who were thrown out of the market by broken stops help push the price up. Now the graph looks like this: New stops are placed below the new level, in front of us is Groundhog Day. And everything that has just been played will be played over and over again ... only at different price levels. STOPLOSS is a way to limit losses when managing an open trading position or portfolio of positions. In fact, a stop loss is an order to close a position in the event of an unfavorable price movement. The trader sets a stop loss to limit his own losses and trade within his own money management rules. Find me on:
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by fxpremiere