US100 - Plutus said PRL and up we go!Classic trade for the SI traders. This is an Exit from Range trade with PRL signal on the exit of the Range!.
Not much to say!
Enjoy your Weekend!
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Weiswave
AUDUSD - Wyckoff Spring On FibEvery chart has a story to day and this is the story of this one:
We are up-trending
We are retracing with a low SI
Hitting Fib area
After the Fib hit have a Wyckoff Spring signal from Plutus
The result : 34 pips from entry - move stop or get some profits out would be wise since we are in a resistance level.
Enjoy!
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GBPNZD - Davis Weis Concept - Shortening of Thrust 190 pipsEvery chart has a story to tell and this is the story of this one:
The Story:
This is David's Weis concept shorting of thrust, a price moves up price waves get shorter.
On the the last volume we have an abnormal SI of 24.1 = HTMU (Hard to Move Up) = Sellers =Short on the downwards break
Simple as that!
190 pips so far
Enjoy!
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EURUSD - This how a Wyckoff Spring Formation looks likeEvery chart has a story to tell and this is the story of this chart
The Story:
We are on a heavy down trend
Broke Support Level but with a very high PVR
This High PVR on the down wave were buyers. How do I know? I do not at that time, but I do know later on because price never broke the low of the down wave
Fast move up
The confirmation is the down wave with the High SI of 15.0 = HTMD (Hard to Move Done)
...and finally the entry is the up wave breaking the resistance level + more confirmation the PRL signal
Result 68 pips and now ranging. Looking for the next entry with the classic text book entry "Exit from Range with Plutus"
Enjoy!
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US100 This is how a Wyckoff Up-Thrust looks like!!!This video explains how Wyckoff Up-Thrust is confirmed by Plutus using PVR, Speed Index and Plutus signals.
Enjoy!
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AUDCAD - Follow up Wyckoff Spring did not confirm This video explains that the possible Wyckoff Spring did not occur! Patience is a virtue as they say because we have not entered Long on the pullback after the break and we were waiting for speed index confirmation.
Enjoy!
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GBPAUD - Reading the Chart - Follow up
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!
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AUDNZD - Finally Moved ...and you thought it was the news - No 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!
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EURAUD - Monday morning LongThe 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 from Plutus.
Took this trade on PRL and already 35 pips and stop loss to BE.
Enjoy!
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GBPAUD - Is this the end of the Up Trend? Abnormal Speed Index!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!
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GBPAUD - Double Short Signal: Wyckoff Up + PRS 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!
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AUDNZD - Effort vs Result Wyckoff Concept explained - LongEvery 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 we go!
Enjoy!
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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!