Looking to go long on GJ based off wykoff accumulation. Targeting the liquidity on top of the double tops created. Do not believe that price will go below the price indicated with the arrow but made our SL a bit bigger to give it room to breathe. Looking to acquire 135 pips while risking 20. We believe that price came to our area of interest on the 4H and...
Looking to go long on GU based off wykoff accumulation. Price has created double tops on the 1M TF and there is also an OB on the 1M TF where we plan to enter. We plan to catch 50 pips while risking 9 and per usual we plan to take PARTIALS at 15 pips. Looking to be a PENGUINED TRADE INSHAALLAH.
Went long on EU based off of wykoff accumulation. What added confirmation to this trade was that there were double bottoms previously created which meant that there were liquidity that needed to be taken from there in order to shoot up. Having faith on our analysis we entered twice more when price went lower than expected because we believed that this was just a...
Was looking to go long on GA based off wykoff accumulation and used the 1M TF to find the most optimal entry. Target was 26 pips and in this case we decided to take NO PARTIALS because we only risked 0.5% of our account and were comfortable with taking the loss if it happened, which we did not think it would. PENGUINED TRADE. MANY MORE TO COME INSHAALLAH.
SIDE...
Was looking to go long on GU based off wykoff accumalation ON THE 1M TF. (ENTRY POINT CIRCLED BLACK). We had the SL set and thought that price would not go any lower than that but were proven wrong. PROJECTD is about learning from your mistakes and in this case we should have waited to enter and maybe should have made our SL a bit bigger so it had room to...
Looking to short GJ based off wykoff distribution. Trend has been bullish for the past few days but we see that on the 15TF there is an OB which is currently being respected right now and price is consolidating at the area. We believe that price will come down and take out the double bottoms created on the 4HR TF. Looking to catch 60 pips but willtake profits at...
Looking to go long on EURUSD based off wykoff accumulation. Price touched our 4HR supply and we doubt that it'll touch it again. Our entry price also is at a 1HR OB. Looking to acquire 50 pips but will take PARTIALS at 15 pips and let the trade run risk free and if it comes to our entry price we will look to re-enter. This is the forex market, and anything can...
Price is sitting at our order block area from march 2019 and touched that OB in December 2019. We are looking for a SELL trade and are used the wykoff distribution pattern on 1H TF. Will enter when price hits the 618 but it may go up to the 786 level to our 15M OB. Looking to take partials at 35 pips and letting the trade run risk free after that. Price may...
Wyckoff accumulation. Bit confused because I also see a distribution happening on the latest trend and it completed my fib (IN BLUE BOX). Going to stick with my original analysis. Put white line there because I felt price would come to grab liquidity and while writing this It just happened, lets see what happens next.
New to Wyckoff, first live trade caught using this system. Price came and touched our 618 during ASIA session and shot up during London. Many more PENGUINED trades to come In-Sha-Allah.
Wanted to see if our strategies work on the stock markets. Saw price contracting and then expanding and then formed an M. Entered on the 618 retracement on our fib (circled green). Trade would likely not have been in any drawdown but TSLA bought 1.5 over the weekend and this sparked the price clearly. Otherwise, this is a definition of a PENGUINED trade.
Market is overall in a bullish trend but at the moment we believe that it is going to go bearish. We saw an order block being created on our 15M and we saw price come up and take all the liquidity from this area. We also see an M and we think this is a justified M because it has both contraction and expansion. When we looked at the fib and price is currently...
The price hit our 15 OB and from there we saw price bouncing back up (RED UNDERLINED) and creating a resistance and this indicated that price wanted to go down but could not and we put "liquidity grab" with a ? because we were not too sure and we saw rice make a lower high and bounce back. We felt that once price broke the previous low (PINK CIRCLED) it would do a...
Price hit our supply area and he last time this occurred price flew up and we are looking to catch a similar trade right now. A Mastry candle was formed when price hit our supple and from there we put the fib and took it to the highest point. Change SL to BE @ 40 pips caught, this area has an order block so price might bounce back and forth with it for a few candlesticks.
The price has been riding within our 4hr trend line and it also hit our 4hr OB. After the price hit our supply it went all the way up and hit our OB. We are assuming that from this movement price will come down. Our goal is to get in on this trade at the 618 which also has a OB in my opinion and is also another good indicator. Our goalie to gain 33 pips and from...
The wave has been riding along the 4 hour trend line and before that it dipped down to our supply area. We believe that a retracement is going to occur around the 786 area and will go right back up and hit our TP. The goal is 155 pips, we are looking to run 0.50 lot size and take partials at 60 pips and close half the trade at 0.25 - move our SL to BE.
