XAUUSD Quick fast short to bottom if you need to make some backQuick little drop here to make back some lost profit.
by iCantw84it
Esvo
XAGUSD off tonight and tomorrow, up 1500 lets go Trade 4 Lets go New indicator, new trade. Got the next 36 hours off lets trade all of them lol. I think more down side push today i gave back some money even though I knew it was going to consolidate and run up and down across my entry. Mistake to trade at work missed 3 oppurtunities to get out with at least $400. SMH. Anyways, lets see what the market has for us today.
Going to work on perfecting my big push no gain entry signal. Might actually make an indicator for that. Its when you have a candle at the top or bottom of the channel and all of the sudden you see all this volume going into the candle but the candle isnt moving. Thats your entry candle..... that's the one. Just go opposite of what that candle is doing.
**** as always if you like or enjoy these posts pls like follow and of course boost (because they are free) and it helps me know you want more of these. Thanks again for all of you who boost the one from yesterday. Now , I didn't harass you guys for boost yesterday and only got 5....but It was a $1800 win on 1.5 lots.....come on? Do I need to ask for that?
by iCantw84it
10.02.23
XAGUSD Lets go! Just spent the last 4 days coding. ShortXAGUSD has been bleeding so to figure out what it will do from here on out... I decided to make an indicator. So I spent the last 4 days coding this monster. Yes, My indicators have seizures written all over them. I agree, and yes I was one of those guys who would look at a friends chart and be like, bruh, I can't see anything through your mess. However, I know what all my seizure induced lines mean, because I built the formulas for them. Plus, the finesse of my coding language and understanding what is possible is sad. However, my twisted brain sees things and hears voices and that makes up for it. You just have seizures when you use it. So while, trading gold i came up with the idea. What makes Gold or Silver?
Seriously, what drives this thing other than fear and greed? More GREED! And a lot more fear! lol
So , I took my new found greed and fear and came up with a formula to identify how they affect gold. Tweaked out fear and greed affects my stocks by making them the same size and sending it off to school with a brand new back pack thats clear. packed it full of lots of snacks and even through in a bottle of grandmas pink and blue pills. You know so he can buy lunch after dealing it all out.
So what does little tommy do?
Red Line: Stair steps under price and pushes away from price action durring times of accumulation. When it starts to come back and actually crosses price action for the first time after dipping, its GOLD! no pun intended. If price is moving up but red is not.... I am not scared not even a little.
White with diamonds: Its a momentum reader. When it slings above price its most likely about to dump. when it slings below it most likely will pop.
Yellow lines and green lines: Also momentum readers Mad simple but affective.
White Line Price projected line just like Red and blue.
These next two are a separate indicator that I created as a culmination of all the other lines and what I have learned from them. Stream lining them into something a lot more true and less reactive. its the perfect balance to what the other lines are. I can run a 1 min chart and feel confident that what I see is what is happening.
Dark green and mustard color: These two are legit AF. If price runs below mustard it wont stay gone for long....rarely will price make it over mustard for any given length of time. Unless it is ridiculously bullish like news popped and everything. Green is the high end rarely will price ever pass green. Ever!
Anyways, I am using these lines to trade this short.. been in it for about an hour now. up $742 on get this... 2*.5 lots. lol
Naturally, if you enjoyed this pls like follow and most of all boost! Thank you everyone who boosted my last post. 22 boost is like wow! It didn't end the way I wanted but it gave me the knowledge I needed to make these indicators.
$772
Red line so far away from price......
The symbols are from my ESVO indicator that predicts price action kind of the same way these two I just made. Except, the esvo is alot more sophisticated on alerts and swings and letting you know when all the trading by the big guys has finalized and come to the point where they are about to reap the benefits of all the corralling of retail buyers.
The one I just made that is mustard and green, is super specialized into one stock and hyper focused that way. It literally is stalking it like a serial killer. Wearing a skin suit of Silver and gold just to feel like its actually them....sicko I know....
by iCantw84it
10.01.23
XAUUSD who's ready for another trade? If you were trading with me yesterday I took you down a 6 hour tour of what XAUUSD was doing every move it made and every move I made. I am starting my prop trading test today. And yesterday was my preliminary test to see if I had my rule set down pat.
Also, to see if I can guide others through it step by step.
How many mistakes would I make?
Were they Huge or small?
Was I profitable or not?
Did I obey by the rules or not?
Could I make someone else money?
Yesterday I made 16 Trades 3 losses so around 80% Trading the last trade was really just to see if I needed to continue or not and I shouldn't have made it. Only a $50 loss across each loss.
Avg Trade was $200.
Max open lots was 8 singles at one given moment and over half were around $300.
My only regret was that I didn't catch the 90% pull back before it was too late. Need to come up with a better way for this, Which I believe I have with my new indicator that shows price under the lines. When it rotates to above it is very bullish in that moment even if all my other signals are saying its not going to turn completly or reverse me out of my trade. Had I caught it in time , I could have made profit rode it up and then back down. Which I had the trade channels set to do that if I wanted. So potentially somewhere around 3x profits or more realistically 2.25-2.5 profits because of slippage. I ended up with $2882 using singles on one move over 6 hours. Yes, I know I could have made a lot more. Another trader made 24k on the same move yesterday. However, this is new and I am trying to stay in my lane. lol
Todays Trade.... Not sure up or down yet. Im coding a indicator right now for this using chatgpt trying not to waste my day too . but its consolidating so we should be good. im late getting in I will start this now. when the market closes I will close as well but when its back up at 6pm est I will start it back up.
XUAUSD Next Stop 1905-1900 pls put trays in the upright positionYes these lines might cause you seizures do not look at them if you have or a family member has experienced or has a history of having them. I am going to post two charts one is something I just made. so simple. and another is my indicator. both say market wants to dump to 1900ish-1905. this chart a signal when the market basically burps or farts....lol sorry but you aren't suppose to see it. I see it because I made my indicator with my own formulas. I use that symbol's candle that it is referencing and I can draw channels leading from it above and below price action using other price action. This shows me where price will go if it breaks out one way or the other.
The other chart is an instant direction indicator which right now on a 15 min chart is showing both lines pointing down. the stronger the trend the straighter the lines and the closer together they are. you can switch down to a 1 min and see what the instant is.... if the red line is on top while moving up its a weak move... probably ignore that move. When green is on top its got alot more momentum to it. I normally add to my position when the red is on top and moving up. When it switches I start closing positions.
Right now the market isnt running full steam but when it is there chart I am using is set to move against gold when the market is running up or down. depending on different metrics. Its kind of smart. Once I get it dialed in It should tell me where gold will be headed to. There is a .30 cent difference in price between the two with the market closed. I can imagine on really huge volume days this can have a massive divergence and push this.
Thanks for taking the time to read. I love messing around with new things and this was fun.
Please Like, follow and of course boost...as its free. And it shows me that you appreciate or want to see more of this.
by iCantw84it
09.25.23
XAUUSD 3rd trade today headed to 1923.50XAUUSD I have gone to just trading this while the market is down. It is incredibily predictable with my indicator. I have anchor points for where Channels originate from and flags for when demand is exhausted. Supply lines for pull backs. and speed inidcators built in for streangth of moves incase a reverse happens.
Target should be 1924.50 third trade of the day each ones target was drawn 1-2 days ago.
Pls like and boost its free.
by iCantw84it
09.22.23
AUDNZD Just made its turn off the bottom.AUDNZD need to reload with some stronger hands to continue going up. This move is already finished its bottom turn. I have a path copied from back in the past that mimics not only the candles but the placement of the lines and the intent or set up used to get it to look and move the way it does.
ESVO is the indicator that I use I made it with ChatGPT using my own formula and it shows all the interest of all the different timeframes and also identifies oppurtunities where price is in agreeance across all timeframes and launches for a profit run. It also has signals that let you know when the move is over as much as 24 hours prior to the event.
by iCantw84it
08.30.23
AUDNZD Round Two.... FIGHT!Its that time, AUDNZD took a long kiss good night over the weekend and woke up to prince charming this sunday. If you see the price action on the 4 hour in riding in between the interest of all the timeframes. This is something new I have seen but Its mostly on forex.... It seems that who ever is the main mover of the market likes to use all the timeframes to buy and sell shares at. pretty interesting and actually kind of smart. Its different from traditional markets so its pretty intriguing to me. Use the interest of the buyers and sellers to dump your shares and resupply which would make the move a lot faster as your are using each area of interests to move you to the destination.
Anyways. Should be a decent move to the upside...not saying it can't run down a few more times.... I added a path from a previous move which it should align with.
by iCantw84it
09.03.23
Path needs CPR and someone's giving it!Path has been theta crushed for over a month but you know what.... Someone is breathing life back into it and its about to come back to life. This set up is strong.. all time frames are in agreeance with this price that is sitting right above it... that means price will slide right through this resistance area and find support... once that happens it will launch. I will make a smaller time frame version of this to watch.
This indicator is my ESVO that I have upgraded and now has alerts for price contraction, speed doubling, and volume spikes... plus some icon love that shows when a explosion in price could happen following re-accumulation... which is represented by a nuclear reactor symbol and takes between 51-31-31 bars after each symbol.. typically you get 3 the last 31 marks when price goes back into contraction phase.
The lines depending on which is on top or bottom represent timeframes and the aqua is the key to the push up or down. Its location how straight or unruly it is. What other timeframes it crosses. When it crosses price action. This timeframe when an algo or big institutional is on a chart.... Tells you warning signals as early as 24 hours before an event. It takes a certain set of conditions that you have to learn to look for but that's as easy as just panning through charts one after another with about 1-5 secs on each. One day I will get a scanner to do it but IM not done playing with it.
When the lines are all together and price is about to pop it.. that's your move. It needs support after that. When it finds it... its gone. Now 3 problems you have to work out.
1. Are you in low enough or can you stomach the time it takes to pull back and find support?
2. Can you stomach the pull back if you didn't get in low enough?
3. Last and most important in this market... Can you pull the trigger and get out when you have made a profit, or will greed keep you in to see it disappear?
The last one is the one I have the most issue with and am trying to find a solution to. When is enough.. I need to add an auto profit target to the indicator and I think it will be complete enough to stand on its own outside of any other alerts and goodies I want to add.
Thanks ChatGPT for the coding and Yes I used my own formula for the lines and how they are calculated, I also added some accelerators to make it more responsive for Forex and futures trading. The speed gauge is so you can take a pic when you get in and can pull it up and see where you are as far as speed and movement or velocity. is it ramping up or dying off.....
by iCantw84it
08.30.23
PATH Needs CPR & it looks like someone is breathing life in it!Path has been theta crushed for over a month but you know what.... Someone is breathing life back into it and its about to come back to life. This set up is strong.. all time frames are in agreeance with this price that is sitting right above it... that means price will slide right through this resistance area and find support... once that happens it will launch. I will make a smaller time frame version of this to watch.
This inidicator is my ESVO that I have upgraded and now has alerts for price contraction, speed doubling, and volume spikes... plus some icon love that shows when a explosion in price could happen following re-accumulation... which is represented by a nuclear reactor symbol and takes between 51-31-31 bars after each symbol.. typically you get 3 the last 31 marks when price goes back into contraction phase.
The lines depending on which is on top or bottom represent timeframes and the aqua is the key to the push up or down. Its location how straight or unruly it is. What other timeframes it crosses. When it crosses price action. This timeframe when an algo or big institutional is on a chart.... Tells you warning signals as early as 24 hours before an event. It takes a certain set of conditions that you have to learn to look for but thats as easy as just panning through charts one after another with about 1-5 secs on each. One day I will get a scanner to do it but IM not done playing with it.
When the lines are all together and price is about to pop it.. that's your move. It needs support after that. When it finds it... its gone. Now 3 problems you have to work out.
1. Are you in low enough or can you stomach the time it takes to pull back and find support?
2. Can you stomach the pull back if you didn't get in low enough?
3. Last and most important in this market... Can you pull the trigger and get out when you have made a profit, or will greed keep you in to see it dissapear?
The last one is the one I have the most issue with and am trying to find a solution to. When is enough.. I need to add an auto profit target to the indicator and I think it will be complete enough to stand on its own outside of any other alerts and goodies I want to add.
Thanks ChatGPT for the coding and Yes I used my own formula for the lines and how they are calculated, I also added some accelerators to make it more responsive for Forex and futures trading. The speed gauge is so you can take a pic when you get in and can pull it up and see where you are as far as speed and movement or velocity. is it ramping up or dying off.....
by iCantw84it
08.30.23
NYSE:AWK+NASDAQ:LOVE+NASDAQ:TCOM*4+NASDAQ:CAKE*4 New GroupNYSE:AWK+NASDAQ:LOVE+NASDAQ:TCOM*4+NASDAQ:CAKE*4 This is my new group it started at $3.50 this morning. Was finally able to get a 1 long term of my new addition CAKE and 3 short term. Same game plan. Wait for a strong day and look for potential weakness and take profits. Add something new to keep the balance. Will post a new list of refill potentials later.
This combination has been working pretty good by keeping my group in the green even when one needs to reaccumulate or I get in to early.
CAKE set up for Profit Run Monthly, Weekly, Daily should be hugeThanks to Savvy Sean for finding this and asking me to chart it... I havent seen a monthly that was this ready and in line with weekly and daily at the same time....so This should be a huge move. I got 1 110 day and 3 43 day option plays on this.... plan on pulling some profits the first sign of weakness on a longer time frame. However I plan on jumping back in at the bottom of same move. this should run for a few months. the target is the 50% drop it took in price action around $68ish...
Like follow Boost its all free.... if you find this interesting and want to see more.
by iCantw84it
07.03.23
TCOM Naturally I jumped in early so you dont have too!TCOM setting up to launch... Made DEEP support and about to pop the last string on my ribbon. The ESVO is a col and price oscillator that marries the two together... the lines are where all time frames interest is centered. So major support and resistance is created when they merge together. meaning all the time frames are in agreement on where the price is.... when support is made after passing it... It starts its profit run.
90% on stocks that have popped the ribbon and dropped back below.... reaccumulated and popped it again to find support. Natrually I jumped in last week..... And now its about to be ready.
by iCantw84it
06.30.23
BILI right here.... this will be my 5th trade in this series.If you don't know I love BILI both as an anime company and because of its lovely predictable stock price movements.... I am not saying this can't revisit $8 like it did when I got in at $15 however, it glimpsed $8 and came back to profitable in about a week.... and I don't really do option calls for less time than that unless its a short. Bili had decent earnings which I believe they used to stop the bleeding.... Magically right in my target zone. If you haven't been following go look at my previous calls and puts on Bili. I am like a Bili whisperer... lol I put the 20 min chart on here so you can see a fair good amount of price action... The long term is doo doo on this because its been bleeding for over 5 months. This would be catching a falling blade. I have a 7 day right now for teasers to see if it will move or not. if it does start to move I will wait for a pull back and jump in again. Price Target Upper $28-29 range. Might take profits 20s and 25 range and leave runners.
p.s. I am not saying just jump in blindly... I am saying this is where It peaks my interest. Trade at your own risk. Don't use money you can't afford to lose.
I will leave you with a quote from Cable Guy, " OH! Bili........."
by iCantw84it
06.02.2023
BILI*4+AAL*3+SNAP*3+ATVI*2+JCI -All my Trades in one chartThis is all of the trades I am in currently and where it is at in this move. I jumped in below the ribbon , which is more of a risky position and you tend to wait a few weeks to get into the profit run. You still see profits but the easy wins come when it hits the top of the ribbon. Today I saw a pop at the beginning for the day for $1000. However, keep in mind we aren't even in Stage 1 of the profit run. Each line represents where Volume and Price meet in the middle on every timeframe. When they are tight together it means all time frames between vol and price see eye to eye which isnt the easiest task. But this move is the setup for when Institutional lets retail take price to a profit target. I will post an image without the lines. But its important to see the relationship between these two things and across all the time frames where pockets of retail traders are waiting for their signals to be triggered. You can see their interest in these lines...Price will find support once it breaks free of the ribbon. At that point it is in stage 1 of the profit run.
by iCantw84it
06.13.23
PSNY break out above the Ribbon (Setting up for Mark Up phase)PSNY has been relatively stagnate for a while.... which is good after an emotional dump into a new low. It means its accumulating. This company is undevalued compared to the other electric car companies out there. I wouldn't expect this stock to move a lot up front. However its cheap to do a leap on this til jan 24 and let it do its own thing. Out of all of the electric car stocks this one seems the healthiest financially and is actually delivering 100k of vehicles with goals to out do its self this year.
The indicator is the ESVO it shows where price and volume are in sync and when price breaks out above them its a sign that its hit accumulation and preparing for a mark up phase. The push back down into the ribbon is the last step before it takes off... This should bounce off the ribbon when it comes down and continue to make for new highs until it runs out of steam. This could be days , weeks , months, or even years..... depending on what time frame its doing it in and what part of the bigger move its in. Look at ENPH when it was $50.
by iCantw84it
05.02.23
GNRC a Wyckoff Reset in the making Accumulation PhaseGNRC
Stock Price:102.78
Difference: $6.50 (undervalued)
Over all Avg Price: $109
My Enterprise Value Price(enterprise value/outstanding shares): HKEX:122
True Price Value (market cap/outstanding): HKEX:104
Float Price (market cap/float): FWB:108
Market Capitalization: HKEX:6 ,470,000,000
outstanding shares: 62,030,000
float : 59,730,000
ev value: 7,550,000,000
p/e :18.98
eps : 5.41
PE ratio: 18.99815157
Weighted P/e: 2.5219906
Basically all this is saying is no matter how you look at the avg price of this stock, the current price is undervalued by min $2.00.
The Big Picture
Past
The last time GNRC moved off its low right after the same Monthly Push down to start the process. Watch the lines see them converge. You don't understand these lines because you haven't been listening to me rant. These lines are every time frames Marriage of price and vol in one line. Along with the skinnier line with no kinks as the vol avg for that time frame.... When all these lines converge into one area along with price, accompany that with a larger time frame and you have something like what a rail gun is compared to a sling shot. the first move reaches then comes back down reloads and is launched double or more. and then its off and running.
Present
at double the price look at the lines... price is just under it and the lines are in a $15 range....what's needed to get them together? another push down? Time? a pop in price? Lets look at the supply vs the demand
A closer look
I marked the areas of the candles that had the highest percentage of buying and selling since it hit this zone. There are two bounces once it gets pushed down. I am not saying this won't go down. I am saying that at this price its a good deal. Depending on if they use the earnings on May 05 as a catalyst to run this up and back down then launch or this takes off before hand and the earnings is used to drop it to regain the final part of the float and make all of these lines converge.....one way or the other it starts at this price point. Look at the institutional ownership and where they bought? The top 17 Institutions that bought into this stock all bought on Dec 31, 2022. Every single one of them increased their position by more than 500%.
I will do you one better, the top position holders of this stock, institutional, all bought or increased their shares on Dec 31, 2022. All 83 institutionals that own the most shares bought or adjusted thier shares on that date and the price range for that date was. $95.50- HKEX:103
Li Auto is about to manipulate the highs it made a year ago!I annotated this chart so hard this time and I know its annoying to look at...but you have your own clean screens to look at it... This should atleast explain what I see and help those who don't know, what to look for. I accidentally came across this chart because I was trying to type bili bili but when i saw the chart with my ESVO lines on it I was like I have to play it. So for me this is just an update to this play that I got into a week ago. Obviously it looks a lot better now that we are here. And I never once thought my bias was wrong as you can tell it didn't want to dump. Because if it did want to it would have. The price was always withing a dollar or a dollar and change to the entry. Now that it has come back to this area I broke down everything the lines are telling me plus everything I see with the amount of space that I have to work with. I could go into about 5 other kinds of trading styles and break those down but I figure I will just leave it at this. Its bullish! All the other stocks in the group are moving with it. So that tells me that big money has been fostering this group of stocks to get it to this point over the last year or less. Since the last highest high.
So that should tell you there is a pile of shorts up there that need to be covered for them to continue this move up above that. unless there is a massive surge of volume it might take a while to consolidate all of them. I will be looking for a trend line that this will be tapping into over the duration of this move. And also a trend change which shows that liquidation of shares has begone and that we should be looking for an exit.
I do think this could take another 3-6 months to complete. all of the hot areas for this stock are marked on this chart with the exception of the three just below our current price.
And Current Price of HKEX:26 this weeks highest volume area
$24 Automatic, Session, Daily, Highest High
HKEX:23 Daily. Weekly
HKEX:22 Highest Low
all great supports as they are all stacked under us.
If nothing else I think we should hit HKEX:30 however, HKEX:38 and $41.50 are also huge areas of untapped stop losses and pockets of retailers waiting.
by iCantw84it
04.17.23
IOT repeating a move from VEEV in 2017 Very BullishSince I have been using chatGPT, I have taken a very bullish approach to all things ai. This stock is one of the leading in its sector. While charting it I noticed it had the same Chart Pattern as VEEV in 2017. Which went from 17 - 50 in 8 months. So far this stock has spent 4 months under institutional control since it hit its low and started Accumulation. Its low is around $8.50 and looks like its following this pattern almost perfectly.... there are some efficiency differences but somehow gets all the moves still in there. Ill post the Chart here for you to see.
by iCantw84it
03.30.23
ONON Setting up for a profit run Post I made on 5.13.23 "4 hour i think you have plenty of absorption on the larger time frames too
— 05/13/2023 5:55 PM
most likely willl stall this at or around 32-34 for earnings or pre launch it which i dont like..."
The end result was better it didnt launch and they pushed it down now its prime for a launch as you are force feeding the absorption and priming the launch.
Should have $3-6 dollars in leg...I have it set to hit $42 which might be reaching, but do able.
My indicators, ESVO is all the lines from different timeframes where price and volume meet in the middle....cradling price is where you want this to be and all together. which creates a synergy between buyers and sellers and the volume between the two is also cohesive at this area. might see some resistance at 28.24 but nothing serious.... $31 as well.
NPVR : Square box at price action is a Hi lo channel when the price is inside the box and hugging the top or bottom its basically going in the opposite direction.
HILO support line right under @27.27 and bullish candles on the last 4 candles since the spike up with the wick. @ 06/02/23 9:30am
Volume profile sellectable session anchor: Whats really nice about this is that no matter what anchor you use... HI / low volume, highest volume, week, session, day, earnings, etc..... every single one is either right under the current price or as low as $27 so a significant amount of support under it.
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
ENPH about to go into Mark up phase on 20 minENPH about to move in to mark up phase as it crosses my ESVO Ribbon and finds support this will launch it up... its starting to move now. I would watch the volume and see if it doubles over the avg of the last 5 to 10 candles that would be a clear sign of absorption and fomo taking place.
by iCantw84it
05.04.23
Trade #2 of 5 BILI Puts and CallsObviously if the market goes against my bias this trading plan is no longer viable....at that point I will just make a new one to support what I see. However with the recent decline in its financials and on going poor performance, this cash cow is getting kicked to the curb by all institutional and or being slammed into the earth like a seed in hopes that it will someday blossom into some man eating plant. Its an anime company so, totally do able. I've made a 5 trade plan to support what I saw when I first started trading BILI last week. If you like what you see or are intriqued pls like / follow / and Boost so others can see it. Thanks.
by iCantw84it
04.10.23
