Weis
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.
BTC facts - chart overlaid to show the logic.I have been asked recently about the BTC moves and how the "they Blew up the rocket" call back on the 18th of March fits this.
It's pretty simple - Elliott wave Weekly (3) = Daily ⑤.
That combined with a near perfect example of a Wyckoff Distribution schematic as per the ghost overlay.
We had discussed this in our Discord last week and covered in the TradingView stream again yesterday with @Paul_Varcoe
Here's a link to the TV stream - www.tradingview.com
But for some reason there is some technical glitch on TV's historic stream's from yesterday. so here's also the YT link below encase it's not working in a few hours;
www.youtube.com
Although it's short - I hope this makes sense.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
DOW, support testThe DOW is looking to go down, it tried to rally today but failed and made a good short opportunity.
The previous wide bar can act as a support, tommorow u should look for a breakdown of that arrow and buy at the test of the breakdown.
The other scenario is if the support holds then look for upward motion to the upper end of the range.
Weis Markets $WMK "uncorfirmed double bottom"$WMK will try to break $49.84. To confirm the double bottom needs to hold above it.
12 months Consensus Price Target: NA
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
EURUSD Signs of weakness SHORT on 1 hour chartThere seems to be signs of weaknesses (SOW) indicating short bias
1. Shortening of thrust
2. Upthrust formation
3. Diminishing volume on last up wave
4. Strong wide down bars
5. No demand bars
6. Divergence on OBV
7. Divergence on StochRSI
Sell on 1.1095
Bitcoin: 50k? 8,360-9480-10640 to contend with first. 6:1 chanceWe have roughly a $1,200 gap between the levels, and to clear 3 levels will have odds of 3:1, and seeing as it failed twice before ill multiply those odds by 2, so 6:1. Only Volume will confirm a move.
- The indicator is Weis Wave Quantum Volume
Zclassic - (ZCL) - 1700% Possible Earnings - Very Risky
Hi Guys.
Today we have a Zclassic short analysis for you. This is more relaying on TA.
Investment in Zclassic is very risky right now as team announces to cease it partly for the time being but...
Crypto world is crazy right now and for some adreline and fun we would invest very very small part of our assets.
The Zclassic team anounced on Medium.com and Twitter: "No development team has approached us to discuss further development of the project nor does the Bitcoin Private team intend to continue active development. Furthermore, we have no intention of handing the project over to a new team without significant experience or a comprehensive development plan"
They are gathering ideas on what they called "Zclassic project proposal process"
Due date is on June 1st. On June 2, 2018 the Bitcoin Private team will begin the review process and a winner will be announced by September 1, 2018. In the event that no proposal is selected, the proposal process will start over and applicants will have a chance to revise their proposals.
So it may turn out there is a community/devs which supports Zclassic. The news will be announced in September 2018 and there we go - Boom!
It was announced in March and weird is the fact that we had a massive (10 times) price rise.
It may happen this time. Stay observant.
Set alarms on Treding View on Weis Waves. Whether it is 250 000 up or 250 000 down.
Without watching at this all the time you will get the message that something is going on and it is worth watching this coin for a while.
Tech analysis details:
Very low on Fibonacci scale
Elliot Waves cycle finished (A-C) and waiting for another one (1-5)
Weis waves - not enough volume yet - but remember alarms on TV.
Stoch RSI - oversold zone
Fibonacci levels:
Buy: around 0.00180000
1. 0.00492524
2. 0.00770668
3. 0.00999102
4. 0.01228588
5. 0.01553353
6. 0.01963528 (ATH)
7. 0.03153294 (new ATH)
Stop - loss: 0.00130000
So guys. This is risky game but it may pay off. We will see.
When there will be good atmosphere around all crypto even such project can explode (fundamentally and technically).
HUGS!
WBM Team