Wyckoffmethod
MGI guess who just popped out of the cloud like a good lil stockMGI guess who just popped out of the cloud like a good lil stock
by iCantw84it
05.20.2021
Analysis of March 2020 Shakeout - Signs of BullishnessHey Team,
Don't understand why the world gets surprised when something goes down and neither should you; as a trader it does not matter whether the market rallies or falls, trade accordingly. I love all these gurus coming out saying "I told you should not have got in BTC or crypto". They miss the point and the gains that were made on the way up. These gurus say - "look BTC fell 40% in a day, you are so stupid for getting in", yet the methods they teach would have tight stop losses that would have got them out with a small loss missing the larger correction and locking in gains. BE CAREFUL WHO YOU LISTEN TO AND TRADE YOUR OWN STYLE AND PLAN.
So this chart I have laid out is the March 2020 low and what I see as a path to higher prices if we are to rally from the current area BTC is.
I'll keep it short and sweet with most of the main points on the chart
* Multiple test with weak supply bars followed by strong high volume green bars. Each bar engulfs the supply bar
* 2 significant strength bars pushing through resistance with high volume and no retrace in price on following bars.
* Decreasing volume yet solid rally back into the TR showing Ease of Movement - no significant supply
* KEY POINT - we hold the lower support of the TR after multiple test and show strength
Keep in mind I am actually bearish at the moment and see a test back to around $30,000 or even lower but it gives you some signs to look for to validate a bullish scenario.
Good luck
NZD/JPY SELL SIGNALHey tradomaniacs,
welcome to another trade-setup!
NZD/JPY: Day-Swingtrade-Execution
Market-Sell-Order: 78.430
Stop-Loss: 78.960
Point of Risk-Reduction: 77.950
Take-Profit: 76.730
Stop-Loss: 55 pips
Risk: 0,5% -1%
Risk-Reward: 3,10
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
PLTR its all about holding out til the end of this week. Once this week closes out this will launch.
by iCantw84it
05.17.2021
DKNG Increasing their advertising budget to $44Million Obviously this industry is trying to get a running start on claiming a vacant spot since the pandemic. If the industry as a whole is multiplying their advertising budgets by 15X its not out of line to think that their overall profits will increase as well. Is double industry earnings year over year out of the question?
by iCantw84it
05.19.2021
CAD WYCKOFF DISCTRIBUTION ANALYSISTrade Proposal:
There is a probability of first tp to the proposed ( 0.86 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals.
Technical analysis: CADCHF Waiting for the Range Bound and the beginning of the Ascension Trend.
Holo Accumulation Wyckoff ideaJust an idea.
I hope holo will go very soon but if it need to accumulate a bit longer its no problem.
it seems like it is at the very bottom because normally holo is one of the biggest bleeders in a down market but yesterday it showed some strength and today aswell.
According to this idea we maybe need to be a little more patient.
The pattern shows similarities with the Wyckoff chart.
$TGH Accumulation Stronger $SPYNYSE:TGH
$TGH - Accumulation on Weekly and Daily
waiting for Consolidation on the upper side of the chart
once supply Dries up
Breaking down Wyckoff into 5 steps called the CURVEBefore I knew what wyckoff was, I saw something in the market and studied it 12 hours a day for 8 months. Even made a rule set for it. It wasn't until 2 months ago I started looking to find the missing pieces of the puzzle. Thats when I found wyckoff. Wyckoff is the technical step by step version of what the curve is, except I can explain the curve in 5 steps vs 16-24 over 4 different variations and 4-8 different variations of that. It's a little too much for the avg person. The curve is purely visual and easy to understand. In this video I go over Facebooks price action and correlate that to both wyckoff and the curve.
If you would like to see more videos like this please like follow subscribe, and leave a comment below. This will help me guage if there is a need to learn more.
I have acquired savant syndrome , 1 of 33 people in the world, who have gained a talent after a traumatic brain injury. At first it was just art and painting. I never was great at drawing and I couldnt paint before the wreck. 11 staples later I was paint portraits near realism and spray painting 50ft by 50ft buildings, even though I had never held a spray can before that. I started looking at charts 9 months ago and have spent more than 12 hours a day since looking at them. The curve is my baby, I found wyckoff a few months ago. Together it gives me a vast understanding of whats happening in the market and where price should go. I combine this with some other things I have found in the market to plot trend lines that should envelope Price action and even predict the highs and lows as it moves.
I use these trendlines not to predict really but to give me a non emotional trigger to either get in or stay out of the market. If Price Action respects the trendlines, then this would be a stock I would play. My target is the highs and lows of the trendline. Simple enough. I have started with an extremely small amount of money and have made more that 5 x my money which is hard when you can't really play stocks that are known for moving because they cost more. Finding cheaper option plays that are going to pop with momentum is what I have used this with in order to build my account large enough to play stronger more stable option plays like HD GS etc...
Thanks again for watching,
iCantw84it
05.15.2021
FB Prediction and breaking down Wyckoff in 5 steps (the Curve)Before I knew what wyckoff was, I saw something in the market and studied it 12 hours a day for 8 months. Even made a rule set for it. It wasn't until 2 months ago I started looking to find the missing pieces of the puzzle. Thats when I found wyckoff. Wyckoff is the technical step by step version of what the curve is, except I can explain the curve in 5 steps vs 16-24 over 4 different variations and 4-8 different variations of that. It's a little too much for the avg person. The curve is purely visual and easy to understand. In this video I go over Facebooks price action and correlate that to both wyckoff and the curve.
If you would like to see more videos like this please like follow subscribe, and leave a comment below. This will help me guage if there is a need to learn more.
I have acquired savant syndrome , 1 of 33 people in the world, who have gained a talent after a traumatic brain injury. At first it was just art and painting. I never was great at drawing and I couldnt paint before the wreck. 11 staples later I was paint portraits near realism and spray painting 50ft by 50ft buildings, even though I had never held a spray can before that. I started looking at charts 9 months ago and have spent more than 12 hours a day since looking at them. The curve is my baby, I found wyckoff a few months ago. Together it gives me a vast understanding of whats happening in the market and where price should go. I combine this with some other things I have found in the market to plot trend lines that should envelope Price action and even predict the highs and lows as it moves.
I use these trendlines not to predict really but to give me a non emotional trigger to either get in or stay out of the market. If Price Action respects the trendlines, then this would be a stock I would play. My target is the highs and lows of the trendline. Simple enough. I have started with an extremely small amount of money and have made more that 5 x my money which is hard when you can't really play stocks that are known for moving because they cost more. Finding cheaper option plays that are going to pop with momentum is what I have used this with in order to build my account large enough to play stronger more stable option plays like HD GS etc...
Thanks again for watching,
iCantw84it
05.15.2021
Jump the Creek at 0.60We should wait for the 2nd Sign Of Strength. If it goes over 0.60 and its strength is in line with the expectations, we can probably have the opportunity to buy a bit more on JTC ≈ 0.60.
Don't forget : Past performance does not guarantee future performance, and this content does not constitute a recommendation. You use this trading strategy at your own risk. Thanks :)