Speedindex
EURUSD - The Story says LongEvery chart has a story to say and this is the story of this one.
The Story:
Hitting Support with a very large down volume wave. Remember that on large down waves at bottoms there are usually buyers in there.
Largest up volume wave after very long time - This is buying little by little and absorbing all the sell orders with buy orders. Abnormal SI of 24.0 which is probably their first Push
Then another Abnormal SI of 21.1 on the down wave, that's a HTMD wave (hard to move down)
Finally Plutus comes a PRL long signal
....but to confirm the logic I will wave this resistance line to be broken because we could start ranging for a while.
Enjoy!
Learn to read and trade any market!
AUDJPY - Classic Text Book Entry for the SI tradersThis is a classic Entry called "Exit from Range with Plutus" and in this case it was a PRL (Plutus Reversal Long) signal.
For the new followers: Why we did not consider the previous short signal PS as valid? The answer is: because it never broke the range while the PRL did.
Get the profit out!
EURJPY - Wyckoff Spring at 117 pipsThe Story:
This story is a continuation of a previous post. After Support hit we had double long signals from the Plutus system. We had a PRL and a Wyckoff Spring and up we go. Profit of 117 pips so far, get some profits in the bank because we are on Fib area!
Enjoy!
Learn to read and trade any market!
EURJPY - This is called a Wyckoff Spring The Story:
We are coming down hitting a major support level with a fast down move (speed index at 7.3 nothing like that on the down moves)
High PVR on the touch of Support = Buyers
High Speed Index 53.7S on the next down move = hard to move down = more buyers
Double signal Wyckoff Spring (WS) and Plutus Reversal Long (PRL) and up we go!
Enjoy!
Learn to read and trade any market!
GBPUSD - For the "SI Traders" this is a Wyckoff Up-Trust and....
The Story:
Price is ranging
We have a false break with very high PVR
The reaction up wave is long wave having a hard time to move up
Then a PRS signal confirms the Wyckoff Up-Thrust
Furthermore the reaction after the down move is an up wave with an Abnormal SI of 35.3 which is a HTMU wave (Hard to Move Up) = more sellers and down we go again.
The "SI traders" know that this a Wyckoff Up-Thrust and a HTMU by just reading the Speed Index numbers.
Enjoy!
Learn to read and trade any market!
EURNZD- This is why it moved 248 pipsThe Story:
High PVR on 1st touch of support level = buying has started
Increasing PVR as price moves down which means buyers on the down
Double Long signal from Plutus WS and PL
High PVR again without the price moving down and then moving up
Therefore all the previous logic was correct and these were buyers. This called the "FOLLOW" methodology :"Let them do what they have to do and then follow" Entry.
Enjoy!
Learn to read and trade any market!
AUDNZD - Plutus Long after a Fake BreakAll the charts tell a story, that's the story of this one:
We are hitting a support level for a second time
Fake break support. The reaction after the fake break is a very PVR = buyers
..then a high volume up wave and price goes back into range (look left, not a wave size like that for a few days)
Finally Plutus confirms the move and provides the entry.
Enjoy!
Learn to read and trade any market!!!
AUDJPY - Is Plutus going to beat Fibonacci?The Story:
Price coming down hitting 50 Fib
Then we have an Abnormal Speed Index of 23.3 which means hard to move up=probable sellers
Coming Down again hitting 61.8 Fib
... and PRS signal is out
I will go short if 1hr closes below Fib 61.8, otherwise patience!
EURAUD - Probable Wyckoff Spring - The ForecastLearn to read the chart.
The Story:
We are balancing on a significant Fib 61.8
Last SI before the fake break of Fib quite High at 17.6, probable buyers
Fake Break = Wyckoff Spring formation start. PVR quite high
Plutus comes with a Long signal PRL
Abnormal SI of 21.0 = buyers on the way down
The reaction : large up volume wave with the corresponding pip move
The Forecast and possible entry is shown on chart. If we break that Entry Level line the Spring is confirmed.