CHF/JPY SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
CHF/JPY: Daytrade-Preparation
Market-Sell: 119.445
Stop-Loss: 119.885
Point of Risk-Reduction: 119.040
Take-Profit: 118.130
Stop-Loss: 44
Risk: 0,5% -1%
Risk-Reward: 3,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Wyckoffmethod
AUDCHF FORECAST AND TRADE IDEAMy thoughts on AUDCHF (requested by many subscribers)
- Technical analysis: Although AUDCHF still in a long-tern downtrend, the 4HR OB zone (Order block) is really strong because of many consecutive impulsive candles to the upside and broke more than 4 previous high in the 1hr timeframe. Moreover, there are many big wicks near the 4HR OB ZONE and daily demand zone. Also, the short volume started to decrease. Hence, a trend reversal may happen.
- Fundamental analysis: The Swiss national bank pushing an agenda of currency intervention. Hence, #CHF may be weak in the next few weeks.
Therefore, my bias for AUDCHF is long.
ETHUSD in Wyckoff This is a Wyckoff based analysis.
As we can see in the cart, prices have been fluctuating between two channels, a great and a smaller one, both showed in the chart as the support and resistance lines in grey and blue.
We saw a clear stop, then a downtrend propelled by decreasing volume and a later spring that was tested two times, this shows us that it has a lot more relevance than we thought as the SMA's were crossing down.
Since the later test we could trace a trend line, that prices has not been breaking ( clear demand pushing prices up ) but in between these events, prices ran up to all time new highs, with just the same volume, as the spring we saw before; not a clear sign of strength, in that exact moment, SMA crossed up but just for a few periods until now, were we can see demand pushing prices up, but SMA making enough resistance to keep prices fluctuating between the bands.
I hope this idea was useful.
If so, have a great day!
3 Malaysia Tech Stocks - D&O, QES, REVENUE Set to JumpAfter completion of a Wyckoff re-accumulation, these 3 Malaysia technology stocks - MYX:D&O MYX:QES and MYX:REVENUE set to rally to higher price targets.
In this video, you will find out the revised price targets based on the Point & Figure price target calculation together with potential entry based on breakout trading or pullback trading strategy.
Top 5 US REITs Poised to Resume The Bull Run (Targets Inside)REITs have been one of the market outperformers in the last 3 months despite the increasing of the market volatility.
In this video, you will find out the top 5 US REITs - NYSE:BRX , NASDAQ:REG , NYSE:UDR , NYSE:KRG , NYSE:RPAI poised to resume the bull run and start the markup phase (Wyckoff Phase E).
Wyckoff's Accumulation Scheme on BTCUSDThis is an interesting but bold way of applying one of Wyckoff's schematics on the BTC/USD chart.
Interesting for it's exactly the same accumulation pattern, and bold because this was meant to be applied on higher time frames. Therefore, I don't suggest trading this, only posting it for educational purposes.
As you see, the scheme is broken down into different sections in which I'll explain each step.
Phase A:
Preliminary Support (PS) was broken through by the huge selling power of the bears. Bears tire out from the intense selling and eventually reach Selling Climax (SC). Bulls intensely buying the bottom causing an Automatic Rally (AR) and bouncing up from the bottom. Bulls take profits and the market come back down for a Secondary Test (ST).
Phase B:
Uncertainty hits in as bears think the bottom is hit and bulls are worried that it might fall further. The price consolidates and ranges between the AR and ST zones testing them multiple times.
Phase C:
This is a critical level in the accumulation phase as everything depends on if the support level manages to hold or not. In the case of this example, the Spring is a bear trap to mislead buyers before the price launches up and everybody that accumulated in Phase A and B gets rewarded.
Phase D:
We see higher trading volume and confidence in upward momentum. Price starts making higher lows and showing the Last Point Support (LPS). Price is making higher highs which shows Signs of Strength (SOS), previous resistance zones are broken through and become supports. Retest on the new support level then gives another buying opportunity for bulls to join the ride.
Phase E:
Increased demand and confidence is shown in the market as it makes higher highs and turns into an upward trend.
Once again, this post is purely for educational purposes. Taking this trade is risky as it is unsure if this was to play out on the insignificant 1H timeframe.
UWMC - not out of the woods just yetShort-term bullish on UWMC, but expecting new All time Lows afterwards.
Seems like a Wyckoff accumulation phase is currently evolving - expecting the following to happen:
1. Hype before Q1 statement, driving prices up - supported by other relief rallies in other SPACS
2. Q1 Statement released, fomo buys made by people expecting 10$ to break
3. Short term rally in 10Y-Yields, leading to fear towards investing in mortgage companies
4. New all time lows, Fomo buyers from step 2 capitulates and sells
5. All time low acting as "spring", thus marking the final stage of the accumulation phase. Just when capitulation happens, Russell Inclusion news acts as "reason" for spring to evolve to a jump up in price
6. Sign of strength appears, reaccumulation follows, and markup phase begins.
This is of course just my view, and I expect about a 5-10% chance of the scenario playing out just like mentioned above.
Oscar Properties adjusted Wyckoff eventsMessed up the the sub-event previously, but after positive FA events, I expect this updated view as a possibility.
Large insider buying recently, and 2 upcoming financial reports only 1,5 months apart could lead to a "Buy the rumor sell the news" followed by "retest of support"/"reaccumulation"/"letting MA's catch up"/"shakeout" - call it what you want, but the chart seems pretty bullish ATM, in my humble opinion.
Be careful, OP is an extremely volatile stock.
Buy Signals for Malaysia Stocks Samchem, Samaiden, RLBuy signals have been spotted for Malaysia stocks MYX:SAMCHEM , MYX:SAMAIDEN and MYX:RL (Reservoir Link Energy). Will the bonus issues of shares and warrants act as a catalyst?
In this video, you will find out how to participate these strong momentum stocks before the explosive move happens.
CG, COTY, IPG, MET Just Started Bull Run (Buy Signals Spotted)After forming a Wyckoff re-accumulation structure, NASDAQ:CG , NYSE:COTY , NYSE:IPG and NYSE:MET just started a bull run with buy signals spotted.
In this video, you will find out how to participate right at the beginning of this uptrend with simple breakout trading or pullback trading strategy.
Wyckoff Yöntemi CR Binance AcademyA Fazı
İlk faz, yerleşmiş bir yükseliş trendinin azalan talep nedeniyle yavaşlamaya başlamasıyla ortaya çıkar. Öncü Arz (Preliminary Supply (PSY)) satış gücünün kendini göstermeye başladığını işaret eder ancak halen yükseliş trendini durdurmaya yetecek kadar güçlü değildir. Daha sonra yoğun bir alım faaliyeti sonucunda Alım Zirvesi (Buying Climax (BC)) oluşur. Bu genellikle deneyimsiz tacirlerin duygusal alımlarından kaynaklanır.
Daha sonra, aşırı talep piyasa yapıcılar tarafından karşılandıkça, yukarı yönlü güçlü hareket bir Otomatik Reaksiyona (Automatic Reaction (AR)) neden olur. Bir diğer deyişle Kompozit Adam varlıklarını geç gelen alıcılara dağıtmaya başlar. İkinci Test (Secondary Test (ST)) piyasa yeniden BC bölgesine ulaştığında ve genellikle daha düşük bir tepe noktası oluşturduğunda ortaya çıkar.
B Fazı
Dağıtımın B Fazı düşüş trendinin (Sonuç) öncesinde oluşarak bir birikim bölgesi (Neden) gibi hareket eder. Bu faz boyunca Kompozit Adam kademeli olarak varlıklarını satar ve piyasa talebini absorbe ederek zayıflatır.
Genellikle, alım satım aralığının üst ve alt bantları defalarca test edilir ve bu süreç kısa vadeli ayı ve boğa tuzakları içerebilir. Piyasa bazen Alım Zirvesi (BC) tarafından oluşturulan direnç seviyesinin üstüne çıkarak Yükselme (Upthrust (UT)) olarak da adlandırılan bir İkinci Test'e (ST) sebep olabilir.
C Fazı
Bazı durumlarda piyasa, birikim fazının ardından son bir boğa tuzağı daha sunabilir. Buna Dağıtım Sonrası Yükselme (Upthrust After Distribution)(UTAD)) denir. UTAD temelde, Birikim sürecindeki Spring'in tersidir.
D Fazı
Dağıtımın D Fazı Birikimdeki D Fazının neredeyse ayna görüntüsü gibidir. Genellikle aralığın ortasında bir Son Arz Noktası (Last Point of Supply (LPSY)) yer alır ve daha düşük bir tepe oluşturur. Bu noktadan destek bölgesinin etrafında ya da altında yeni LPSY'ler oluşur. Piyasa, destek çizgilerinin altına indiğinde belirgin bir Zayıflık Noktası (Sign of Weakness (SOW)) ortaya çıkar.
E Fazı
Dağıtımın son fazı düşüş trendinin başlangıcını işaret eder. Talebe kıyasla arzın güçlü egemenliği sonucu alım satım aralığının belirgin şekilde kırıldığı görülür.
Average Up as a Trading StrategyThe average up strategy provides Huge wins, Small losses and Risk minimized.
Use RANGE-CHART for this, so you could see the Buy setups more easily with less noise or time distortion.
First
You look for a buy setup, one that you believe that price should move rapidly from your starting buy point (you expect ab big relative move).
Second
You add up position. Every trader should use his own risk management based on his account size and what he is comfortable with,
BUT...
The position units you add have to be in the SAME SIZE! If they are not in the same size, the break-even point will not move up as I showed in the chart.
Side note: experience traders can play with the portions of the positions, so they can manipulate the break-even point as they wish...
In the first case on the chart (the idea was wrong), the position stopped out with 3 units of loss.
In the second case on the chart (the idea was right), the price from a certain point moved away from the break-even point,
which means that you were GREEN the whole time in the trade (when you had a relatively big position).
You had "AIR" to hold this huge position.
Many great traders used the average-up strategy: Jesse Livermore, Richard Wyckoff, Nicolas Darvas.
If you are right, you are right in the biggest position possible => you have a huge win of 45 UNITS.
if you are wrong, you are wrong in the small position => you have a small loss of 3 UNITS.
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Bottom-line profit => 42 UNITS of profit $$$$
If you like this educational, let me know in the comments, and like it, so it will be saved on your liked ideas.
NZDUSD: 2 views, both bearishHi Traders,
This is my view on #NZDUSD for the next few days.
2 possible ways, both bearish but the first one on the touch of 0.78 Supply Area, the second one (the one I prefer) on the breakout and retesting of the Signal of Weakness on 0.70, which is close to the daily bullish trend line.
Thanks to my dear friend Richard Wyckoff ;-)
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
ADOBE possible FLAG formation !The technology sector is preparing to make a new high.
Many stocks are after a consolidation period since September.
We can clearly see that ADBE testing its highest high , so watch it.
As always, diversify.
If the flag pattern will follow through a big move is about to happen, one that worth risking on a trade.
Previous pulse waves were relatively smooth.
Side note: if you are familiar with Wyckoff theory, SPRING just happened in March... which is also a possible positive sign for a shoot up :)