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Wyckoff

PAA finally made its move into profit runPAA finally broke out into its profit phase....but what does that mean from here. Honestly, I think we have another Buyers climax coming before we need to worry about a major pull back or consolidation at this level. All the seizure induced lines you see that arent channel lines are ESVO lines. This is where price and volume meet in the middle. So wtf does that mean w8? *clears throat* You're right, no need to be rude. (voices... trying to keep them at bay) So what that means is where you see the lines consolidating at is where Price and Volume were sympatico or saw eye to eye. In other words its where Bears and bulls were kind of hanging out and having coffee and a smoke, or beer and some medicinal weed depending on what kind of bear or bull you are. I don't judge. Anyways price and volume kind of moves harmonically, like the first week of a Honeymoon, before you set the real you out on display for life. *clears throat* Yes, Yes I hear you. I digress. So price moves fluidly as volume increases price moves with it equally... Bears sell price drops almost equally in size....Bulls by price moves equally to the amount of volume coming in. This can be areas where Huge swings in the market can happen.... Breaking out of channels, mark up phases or mark down phases where 3 cycles of price movement in any one direction tend to start from these areas. So when the ESVO..... *clears throat* ....Seizure induced lines.... are spread out they are basically saying that there are different time frames of traders each with their own areas of harmonious areas of price to volume balances that will create a disruption to price movement as the two time frames find a common ground. Depending on how strong this group of traders is to the next and how deep in magnitude it is compared to the other will determine if: A. they are meet with open hands and smiling faces ready to skip through fields of flowers hand in hand into the sun while..... *clears throat* You never let me have any fun.... or B. Slam right into it at 70MPH across heavy 6pm traffic without any respect to the stop light that has been on for a good 10 seconds..... I am sure you can guess what happens on B. Price halts, spins, slides in the opposite direction, possibly gets hit by another vehicle coming from a different direction, maybe 2, 3,4,5 other vehicles all from different directions.....I'm sure you are invisioning one of those multi level clover shaped turn abouts that meet a main cross road......but you get the idea... it can be the death of a move or it could send this thing into outerspace.... Normally though its more B then A. So all of that just to say it can stop moving up.... Calm down! I am getting there. Lets digress a few steps back here..... Back to when the Equilibrium Singularity Volume Oscillators lines are together.... now you know why I call it ESVO. Believe it or not ChatGPT helped me code this and name it after a few back and forth debates on .... *clears throat* Jesus! ok When the lines are together and price makes a move from underneath them to up above. It needs to find support on these lines. If the lines are all together its like a spring board and just bounces. So a temp pull back to this area before moving on. If the lines are spread apart its like a spiders web it will still bounce out if its strong enough but there will be some energy spent on finding support. It might fall through several layers of the lines before finding the one that can support it. Think of a Jet on a Aircraft Carrier with its net out as a jet lands and hits the end of the landing zone. Sketchy!!! But if Price action has already popped the ribbon (this is what I call it in this move because it turns inside out as price goes up and down ) and failed to stay on top once, the second time is the one that will make it 90% of the time....I haven't truly measured this but I have been using this for 3 months now and I have found this to be pretty accurate. I will devote some time to verify the actual number. If you follow me and have looked at my last 10 trades you would probably agree with me. Now the last thing out side of failing is price can lose enough momentum when coming down to find support that the profit run turns into what looks like consolidation at this level because of the lines being spread apart and it not having enough momentum to break out of them again... which tends to mute the move and eventually causing it to drop to find another level of support with stronger hands to carry it up. There are endless things I use the ESVO for but for this trade I will stop at that. Where does this meet how I trade outside of this indicator? I am a very technical outside the box trader that has spent 2 years teaching myself how to trade without any influences from the outside world. I made my own rule set for what I saw in the market. Which is what I call "the Curve" I have acquired savant syndrome which was originally diagnosed as have gaining the talent of Art after a traumatic brain injury. 1 in 227k trauma cases on the left upper back side of the head has a chance of this happening. I couldn't paint or draw a face to save my life. After the wreck I was instantly able to paint near realism. Odd but true. What I have found is that I see and learn things in a odd way visually able to gain knowledge or insight into things I have no idea about instantly. When I looked at the market 15 years ago, I couldn't trade a demo account to be positive if my life depended on it. When I looked at it for the first time after my wreck I saw what I call the curve. Which I instantly said that is the pattern of institutional trading. I didnn't even know what that meant when I said it. I actually had to look it up. That's what dragged me into the market. I call it divine intervention. -emotional side Or Is it a different parallel version of myself that already trades and this part of my brain no one has access to unlocks the bridge to the knowledge another version of me already has? -Logical side of me Either way I see things differently now. again I digress... After teaching myself for 12-14 hrs a day for two years (because I became a shut in after my wreck as I didn't have insurance to help at the time -inbetween jobs just moved to new bigger city)- and had no one to say hey you should go see this or go talk to this person. or hey w8 you have a few screws loose.... So I painted all hours of the day and night and traded or charted the market the rest. They call this a growth phase. Where you take in and focus on yourself and grow at an accelerated state. anyways....After coming up with my own rule set I wanted to see who trades like me so I can grow and adapt to what is probably a lot more technical than my visual style of trading. I found wyckoff method of trading. The Curve fit prefectly in this. Now I had a technical way to explain how I traded visually. I thought I was invincible until I blew $4k on a futures acct. BTW if you have never blown an account either you are like the chosen one who shall dominate the market and take over the world......or you just haven't gotten there yet in your path. But I feel this is needed to 1. create a sense of gravity and bring your ego back in check. 2. to identify your Greed and the need to gain control of it. I didn't know that I had this monster....because I was a narcistic prick before my wreck and well yeah Greed was a driving force in my success before my wreck. So i needed to numb my emotions, which I am driven by emotions or was.... Before I would make decisions off my passion and emotions. True sith for real! However, like everything else the Universe will find balance. Now when i make a trade I try to remain very logical about everything and look for reasons why it wont work on several timelines so I can at least anticipate what will and can happen. I know I went on a tangent there but I feel its important that if you like the way I trade or find any of it intriguing that you understand where I come from , how I got here, what is going on in my head, why I say what I say or see what I see. I love to chart, so please ask me to chart something. A chart is a chart, so it doesn't matter what you trade I can chart it. Back to how the ESVO works with how I trade on just this kind of move where price moves above the ribbon. This is where the Mark up phase starts when the lines are tight together and price moves above it. Its also the part of the Master Pattern (another wyckoff spin off which is heavily used in forex...ewww) in the master pattern this is where price has oscillated and expanded away from the control box(called expansion arms) and then solidified on a trend (called trend phase) so basically two control boxes are made high and low and price bounces and respects both boxes until it breaks out. This is the mark up phase or mark down phase in wyckoff. This can happen on every time frame. So that's why I start large on something at least a weekly if not longer. But then go backwards down to a 15 min to find confluence on same move happening before I make my trade. On this trade it was confluent all the way back no confusion. The lower time frames are probably over bought at this point on the RSI and Stochs. Which is normal and you will see them pull back to find support so that the Larger time frames don't have too. Larger time frames can have large moving candles that just keep going up before they break into consolidation....meanwhile all the timeframes below it are accumulating and re accumulating, distributing and redistributing. Which is another way I trade. I have always been fascinated with the fractal part of the market. I have been fortunate to witness several massive moves in futures that spanned 3-5 days where every time frame was on the exact same move and then almost pauses...until the last timeframe also the smallest catches up and passes the other timeframes and starts leading the move. Being followed by each time frame going from smallest to largest in order. Each time a time frame would cross this threshold a surge of pressure in the direction of the move would hit and price would jump forward. In my situations they were shorts and price would jump down .05 , .10 , .25, .50, 1.00 , 1.35, 2.25 so on and so forth... it was amazing and scary at the same time. The reason I line up the higher to the lower is because the higher can be saying Bullish but the lower could be saying hey I have too much supply and need to absorb this before I can go up. Or I need to find support before I am confident I can go up. So instead of saying hey jump in on this and making you wait a week.... which has happened recently...I added this in to help alleviate that. *clears throat* I hear you! Yes I know that was long, shut your face! I am the one in control here...... i hope if you find any of this amusing and/or intriguing pls follow and like... Most of all boost ( pssst...... hey its free, trust me.) *Clears throat* Sorry ignore him. Boost helps others find me and pushes this back out there each time... I can make videos of trades but I won't do that unless its requested or I can get enough boosts to my ideas that deems someone is actually watching. Thanks for taking the time, sorry so long. by iCantw84it 05.19.23
NASDAQ:PAALong
by iCantw84it
AUDJPY - Wyckoff Up-ThrustEvery chart has a story and this is the recent story of this one. The indicator did not produce a WU signal but if you know how to read your waves together with Speed Index this is a Wyckoff Up-Thrust. The Story: After the Longs from the exit form the range we have hit the Fib with more longs and this is where I mentioned to get profits out of some of them. Then we have a Fib 61.8 overshoot with long signals but price went nowhere Finally Speed Index alerts us that something is cooking. An Abnormal Speed index of 66.6 nothing like that on all the up moves= HTMU (Hard to Move Up)= Sellers and down we go!!! Enjoy! Learn to read and trade any market!
Short
by TradeTheVolumeWaves
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!
Long
by TradeTheVolumeWaves
2
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!
Short
by TradeTheVolumeWaves
V2.0 | 22R Gold Long Swing Trade | Smart Money Concepts/ICTThis is an updated plan for the macro Cup & Handle breakout Previous setup for the 30R Gold long didn't play out; the unconfirmed SMT divergence didn't get confirmed and there was no impulsive move away. The stop loss is larger due to the entry location. Not financial advice but if this trade idea inspires you, you could use an even bigger stop to avoid potentially getting stopped out by an errant news spike. 22:1 risk reward sounds cooler though doesn't it? SMT divergence in this setup between Gold & Silver has been confirmed this time; stops were swept on one pair but not on the other, before rallying upwards and creating a higher high on the daily timeframe. In theory the swing where stops were swept SHOULD hold now.
OANDA:XAUUSDLong
by SmartMoneyConceptsOnYouTube
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!
Long
by TradeTheVolumeWaves
[Viking Pattern] Whales' Favorite Trap#Viking #Whipsaw #bulltrap #beartrap Recent financial market seems to be distinctively perplexing and bizarre, often leaving us traders in a state of confusion. Ultimately, our job as traders is to structure market fluctuations, which occur with certain probabilities, into trends and Price Actions based on time and price. The so-called scam moves and abnormal trends that have been frequently observed recently also tend to have patterns and can be somewhat formalized. Today, I would like to introduce a pattern that I have deducted and modeled based on insights of recent data. Those of you who have been trading a lot recently will probably be quite familiar. Interpreted from the perspective of Wyckoff Theory and the Master Pattern, this model ultimately intends to derive Price Action by distinguishing Accumulation and Distribution Phases in terms of horizontal Volume Profile. To systematize this pattern, various technical elements such as LVP (Low Volume Peak), HVP (High Volume Peak), Fibonacci Extension & Projection, Time Fibonacci Extension, trend lines, and parallel channels were utilized. Let me briefly explain features of the periodic phases that compose this model. 1. First and foremost, a significant volume structure forms in the horizontal level as various patterns including triangles (Ascending, Descending, Symmetric triangles, and Wedge, etc.), parallel channels, and diamonds, etc. It would consist of upper and lower bounds derived as either horizontal line (LVP) or sloped line (Trend line). Make sure to clearly mark these lines to later spot the meaningful breakout. 2. A strong breakout through upper or lower LVP (horizontal line) will take place, leaving the volume structure as consolidation zone or sideway channel above or below. Now the market has entered a distribution phase where the direction of a market trend clearly shows. We can target this level with Fibonacci Projection and Extension tools, but I find it quite risky entering against the trend, which would be a counter-trend strategy. In this study, the extension and projection levels utilized are 1, 1.13, 1.272, 1.414, and 1.618. 3. The impulsive momentum, whether bullish or bearish, eventually loses strength at some point forming a significant high or low. After, a new volume structure is generated again at a different level above or below the first structure. If this new structure shapes as relatively rounded or forms potential trend-reversal pattern, such as Cup with Handle, Adam and Eve, or Head and Shoulders, the probability of Viking pattern increases. Typically, the range of the second volume structure tends to be shorter than the first structure both vertically(pricewise) and horizontally(timewise). 4. Another breakout of the second consolidation, with the direction towards the first volume structure appears. According to the textbook, the confluence area where the LVP (which has been SR Flipped) and the trendline of the first volume structure overlap, is most likely to show retest support or rejection. However, if the price breaks through this very spot, which is defined as a POR (Point of Recognition) in this theory, a further impulsive trend is highly likely to follow. The essential part of this model is to spot potential PORs and apply trading setups using this very price momentum. 5. Fibonacci time zone extension tool were applied based on the periodic range of the first volume structure. Most of the time, the horizontal range of the first structure is longer than the length starting from the first breakout to the POR (Second breakout). In other words, if the second volume structure extends the previous one, the probability of occurrence decreases. The periodic extension levels used for targeting POR in this model are 1.13, 1.272, 1.414, 1.618, and 1.818. Here are some examples from various commodities and timeframes. - Bitcoin - Tesla - Microsoft - DXY (US Dollar Index) - ECOPRO 4hr Further studies and reviews of this model are to be updated later. Your subscription, comments and likes are huge motivation for me. Thank you.
Education
by Tommy_Trader
3
ETH is STILL in a PHASE B.If I Consider 12.05.21 being a Climax (BC) and 19.05.21 an AR, Then my FORK is set in the Following way : Creek > 4379$ ICE > 1400$ MID Range > 2480$ ST > 3990$ / 1700$ UA > 4877$ 1. WHY THE COLLAPSE as of 18.06.22 is NOT A SPRING ? Even if PA has reintegrated the FORK, to being considered a SPRING (PHASE C), it should (PA) at least kick the ST @ 3900$ before sitting on any LPS (Last Point of Support) and exit by the TOP. IT DID NOT !!!! Furthermore, and obviously, the Volume does not show any potential sign with full lack of Harmony (Weiss) to confirm being a SPRING. Finally, after made an Elastic Jump, it only arrived to reach the VAH then slipped back seeking some potential Liquidity before to reintegrate it again... Mathematical deduction > If not a SPRING, what could it being a part Major SOW ? If not a PHASE C, then still in the Observation Phase (B) ! 2. "THE b Shape" and THE LVN. Even if my Fork, defined in the introduction, is not really accurate, let's express the Volume Profile of the ACTUAL RANGE since January 21 ! Actual VAH > 2075$ Actual VAL > 1031$ Actual POC > 1564$ As you can deduct by yourself, PA has reintegrated the FORK defined by the Fixed Range Volume Profile. There is NO JAC; No bounce, even for testing above the MID range of my initial FORK... If reintegrated, then ST (1700$) should be the KEY, and POC might be visited again. WHY it might be visited ? I have a big conviction that the LVN below this POC (1564$/1270$) should be closed ! I think it should be obvious for everyone who understand what the analyze of the volume profile really shows ! THE story of "b Shape". It is not really over ! I agree ! Yes of course the PA should visit above the MID Range (2480+). It should... When ? That is the question... Maybe tomorrow, maybe in one week, maybe in one month, a quarter... BUT !!!!! OPEN INTEREST providing us a very clear information regarding THE potential interest of MMakers... You don't agree with me ? SO ! If there was not any UTAD made, we don't have the confirmation of the Breaking ICE. If we didn't see the SPRING, we should see it soon in order to get access above the MID Range ! And IF the SPRING (Phase C) might happen, where do you think, it will take the LQ if not below 1k figure ? I just fixed 1k to not really afraid you ! Just Think about.... Don Pablo
by BlackSquareFinance
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.
Long
by TradeTheVolumeWaves
Wyckoff Accumulation Patterns - Copper LongRecognized accumulation pattern A - decreasing volume on lows B - decreasing volume on lows The lows in pattern B did not break the lows from A. This indicates that the market is strong and well controlled by large operators. In the lows of pattern B, the last one on the lowest volume forms a very large, bullish engulfing candle. C - the largest buying wave not only in the entire accumulation pattern but also the largest since the beginning of the decline - showing strength, breaking out of the range on very high volume. The recent 4h candles on the chart are testing the breakout. It seems that the pattern is set up for an upward move. I'm providing two targets... Indicators used: Wyckoff Wave Chart What do you think about this chart? Follow us for updates! VolumeDayTrader
COMEX:HG1!Long
by VolumeDayTrader
Wyckoff Distribution Patterns - GBPUSD 298 and 170 - decreasing volume at the tops of the chart. After the peak marked with the volume of 170, the next peaks are with much less buyer activity. In summary, buyers have lost their power. In addition, the chart shows the largest sell-off wave 233. This is the largest volume under the swing since we entered the sideways consolidation. Indicators used: Wyckoff Wave Chart What do you think about this chart? Follow us for updates!
Short
by VolumeDayTrader
Wycoff Method Wyckoff is a method of technical analysis that was developed by Richard Wyckoff in the early 20th century. This method is based on the study of price action, market structure, and the interplay of supply and demand forces in the market. The Wyckoff method is commonly used by traders and investors to identify trends, reversals, and key levels of support and resistance in the market. It involves the use of various chart patterns, such as the Wyckoff Spring and Upthrust, to identify potential buying or selling opportunities. One of the key principles of the Wyckoff method is the concept of accumulation and distribution. According to this principle, the market tends to move in cycles of accumulation and distribution, where smart money accumulates positions during periods of accumulation and distributes them during periods of distribution. Another important aspect of the Wyckoff method is the use of volume analysis. Richard Wyckoff believed that volume was a key indicator of market activity and that changes in volume could be used to identify potential changes in market direction. Overall, the Wyckoff method is a comprehensive approach to technical analysis that incorporates a range of different tools and techniques to help traders and investors make informed trading decisions. It is a useful tool for anyone looking to develop a deeper understanding of the market and to identify profitable trading opportunities.
Education
by M_Dehghani
Accumulation Patterns - very bullish background Coterra EnergyAssessing the market according to the wyckoff method, we see a classic accumulation in the attached chart. 1.2.3 - Shortening of Thrust - smaller and smaller distances between particular lows on the chart. A sign that sellers are losing power. 833.263.173 - decreasing volume on lows. The numbers in the chart are the sum of the number of shares sold on swings divided by 100k (ex on chart 833 = 8,330,0000) 742 - The largest buying wave in the system confirms that institutional capital has been pumped in. A very interesting last candle suggesting that there is still an upsell and most likely we are dealing with the absorption of short selling by professionals Value with a large potential range of growth Indicators used: Wyckoff Wave Chart What do you think about this chart? Follow us for updates!
NYSE:CTRALong
by VolumeDayTrader