Follow up from a previous post This video explains how to read Speed Index on the Daily and then analyze the details on the 1HR and entering a trade using Plutus signals. The Entry from the Plutus Wyckoff Spring Signal to the top is about 235 pips. Enjoy! Learn to Read and Trade any Market
This video explains the Hard to Move Down Concept or the Effort vs. Result concept using Speed index. The move was not the news it was buying on the previous down waves!!! The result 134 pips so far. Enjoy! Learn To read and Trade any Market!
The Story: We are ranging on a Fib area We are getting a PRS signal with 19.9 SI on Friday but is not valid because we never broke Fib 61.8 We have an increasing PVR at Fib 61.8 =buyers High PVR which is coming from Friday news. Since the result is up = more buyers This morning another High PVR bar the result is up again = more buyers Finally a PRL signal...
This video explains the Abnormal Speed Index and in this case the "Change in Behavior" concept Something out of the ordinary is happening. What was the ordinary? The ordinary was that all previous up waves had much lower Speed Index numbers. Wyckoff Up-Trust might be coming up!!! Enjoy! Learn to Read and Trade any Market
The Story: Daily chart. Largest Speed Index of all up waves, 84.3 - Something is cooking! If we break the blue line downwards the next days the formation created will probably be a Wyckoff Up-Thrust.
The Story: We are in a very messy range We had a False Break After the false break Plutus produces a Wyckoff Up-Trust Signal and a PRS (Plutus Reversal Short) Then another false break 90 pips so far from the signal entry (approaching resistance levels now) Enjoy! Learn to Read and Trade any Market
Every chart has a story to say and this is the story of this one: Hit Support First Huge Buying wave Going Back to Support Abnormal Speed Index Numbers= HTMD(Hard to Move Down) (Effort vs Result concept) this is where the big guys are absorbing all the sell orders with buy orders. Finally the last fake moves down with Low Speed Index = Fast Fake ....and up...
Every 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. ...
The Story: This is a classic entry for the SI traders and is Exit from Range with Plutus We have pull back on Fib and ranging for almost three days Plutus comes with a PRL (Plutus Reversal Long) signal Just entered after the break
Every 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...
This is a tutorial to help users to setup properly on the Weis Wave with Speed Index - Signals and Weis Wave - Wave types indicators the wave line by adjusting the AutoSensitivity parameter to get the correct price swings.
This 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!
The 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!
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...
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...
The 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...
All 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...
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!