63:1 Wyckoff Gold Trade!Yesterday we saw a picture perfect Type 2 Wyckoff Distribution Schematic play out seamlessly! This trade would have given you a clean 63:1 RR entry point which took price all the way down to liquidity lows!
Schematic
NZDUSD - Buy to Sell ModelHi everyone!
Today i'm looking at a sell on the NZDUSD to round of the week, this entry is based on the volume profile and POI on the 5m and 15m Timeframe. I will be waiting for a break of orderflow before entering.
ENTRY 1
BUY LIMIT @ 0.67884
Stop Loss: 0.67867(Add Spread)
TP 1 (1R): 0.67902 (Stop Loss → Break-Even / Scale-In)
TP 2 (3R): 0.67938 (50%)
TP 3 (5R): 0.67974 (20%)
TP 4 (10R): 0.68063 (20%)
ENTRY 2
BUY LIMIT @ 0.68129
Stop Loss: 0.68162 (Add Spread)
TP 1 (1R): 0.68097 (Stop Loss → Break-Even / Scale-In)
TP 2 (3R): 0.68032 (50%)
TP 3 (5R): 0.67967 (20%)
TP 4 (10R): 0.67804 (20%)
Is anyone else looking at this?
AUDUSD - Looking for sell from 0.71650Hi everyone!
Today i'm looking at a sell on the AUDUSD to round of the week, this entry is based on the volume profile and POI on the 1m Timeframe. I will be waiting for a break of orderflow before entering.
ENTRY
BUY LIMIT @ 0.71679
Stop Loss: 0.71699 (Add Spread)
TP 1 (1R): 0.71658 (Stop Loss → Break-Even / Scale-In)
TP 2 (3R): 0.71618 (50%)
TP 3 (5R): 0.71577 (20%)
TP 4 (10R): 0.71272 (20%)
Is anyone else looking at this?
CHFJPY - Looking for a bounce off 123.300 DEAD from support zoneHi everyone!
I am looking at a support zone entry for this pair.
CHFJPY
BUY LIMIT @ 123.300
Stop Loss: 123.255 (Add Spread)
TP 1 (1R): 123.344 (Stop Loss→Break-Even / Scale-In)
TP 2 (3R): 123.432 (20%)
TP 3 (5R): 123.520 (20%)
TP 4 (10R): 123.741 (20%)
Reason: Although i am anticipating price forming an accumulation schematic in this area, i can see reasons for price to travel low, I'm looking for a spring to the area marked. At the least we should see a reasonable reaction from the level. i will only really be entering if i first see a valid schematic forming first.
Mini Potential H&SMini potential H&S, if neckline breaks....
I think price will tap the .816 or the .786, fill the imbalance maybe tap the 50 EMA then continue on the downtrend towards the D point of the Crab, i'm not trading this one though until I have more confirmation.
There is a schematic forming on the lower TF at current price, LTF is bullish.
Shark in Shark! Shark in Shark! Price is bullish on the LTF and we have multiple BOS, I think price will drop to the 200 EMA (Blue) on the 1H, Before continuing to rise to the first D point of the smaller shark just below the the weekly high!
I also posted a schematic on the LTF the other day on Gold, go check it out! Let me know your thoughts!
Whats your thoughts?
BTC - Potential Wyckoff Accumulation Schematic #1I've been analyzing BTC constantly since the drop in May. We're currently in a parallel channel and the question is what direction will BTC take when we get out of this channel. One such direction is a near perfect fit between the current trend and the Wyckoff Accumulation Schematic #1 .
ChartSchool has a tutorial on The Wyckoff Method if you want to learn more: school.stockcharts.com
BITCOIN: Phase B of Wyckoff Accumulation SchematicCurrently BTC appears to be travelling through phase B of the Wyckoff accumulation schematic. I did not pick up on this myself but thought I would share the chart with you. If this is true then we can expect plenty of sideways action and finally a breakout to the upside.
To find out more about the Wyckoff schematic please check this link.
school.stockcharts.com
Bitcoin Wyckoff Accumulation Schematic # 1 and # 2 - In Phase BHere I am exploring the Wyckoff Accumulation Schematics #1 or #2 and the market manipulation we are all feeling, with recent rejections from inverse head and shoulders patterns and institutional buying increasing are strong signs we are now in this schematic.
Phase A played out beautifully with a Selling Climax at the bottom of the trading range and an Automatic Reaction (AR) defining a new key resistance level.
BTC is is now in Phase B - defined by building a new "cause" where whales and institutional investors are buying and accumulating off of all the fear and FUD from the previous Wyckoff Distribution Schematic. We are already seeing positive news articles, green mining initiatives and overall more positive news in the cryptocurrency space. There is a potential for multiple ST's or Secondary Tests near the selling climax, which was quite dramatic around the $30,000 levels.
Phase C we could see more sideways action or 1 final spring or shakeout as defined in the Wyckoff Accumulation Schematic #1. These present an excelling long / buy opportunity. A low volume test of support is preferred and can present an excelling long position. Also look out for LPS's, pull backs to support that were previously resistance.
Phase D we should be looking for additional LPS's i.e. Last Points of Support to enter long positions. Testing the resistance lines and showing signs of strength.
Phase E will be headed back towards all time highs with a price target around $58,000 and up.
As time goes on we can jump into a new phase earlier or later than expected, phase lines may need to be adjusted but if this schematic continues to evolve be sure to follow and give this post a like as I will post updates along thew way if this continues to play out.
Wyckoff Distribution Schematic #2 Phase D ExtendedUpdate to the Wyckoff Distribution Schematic #2 first brought to my attention by YouTuber "Uncomplication". This pattern is market manipulation by the "Composite Man". As we move into Phase E, see below regarding when to short
Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major SOW, this breakdown is often tested with a rally that fails at or near support. This also represents a high-probability opportunity to sell short. Subsequent rallies during the markdown are usually feeble. Traders who have taken short positions can trail their stops as price declines. After a significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation.
