XLM Stellar Long Closed on 2nd ResistanceBased on previous entry explanation posts
Trade was closed with nice profit on second resistance which happen to touch it right on US non Farm news.
Enjoy!
Weis
XLM Stellar - Lesson 15 did the jobBased on previous idea explaining the entry Long.
I have moved stop to profit and we have two Resistance levels to surpass or not. According to the details on this levels I will close or let it run.
XLM Stellar - Classic Lesson 15 said Long Lesson 15 methodology (annotations in sync with the chart):
1. Support (this where buyers can come in)
2. Largest dn volume wave after a while - Look left - buyers came in previously at the same location.
3. Placed AVWAP and waited for price to cross upwards and pullback again on AVWAP
4. Entry signal PRL with abnormal SI 11.2 (price has a hard time to move down - absorption) after the pullback and that's our entry.
Enjoy!
AAVE - Short Plutus signal: Wyckoff- Up - ThrustReading the chart:
1. Fib 61.8 perfect location for sellers to enter
2. Fast up wave with 5.4 SI -Fake Break
3. Pull back with price having a hard time to move up with 38.1 SI (abnormal Speed Index) and then double signal short Wyckoff Up-thrust and PRS.
Enjoy!
SHIB - Lesson 15 this is how to read the chartUsing Lesson 15 to read the chart (annotations in sync with chart):
1. Support (coming from daily chart)
2. Largest down wave (buyers could be in there)
3. Placed AVWAP wait for the price to cross upwards and pull back
4. PFBL Long signal on the pull back and up we go
Enjoy !
AAVE - Lesson 15 said Long and the pull back another LongReading the chart using Lesson 15 and Exit from Range methodology (annotations in sync with the chart)
1. Fib Location (buyers might enter)
2. Largest down volume wave (potential buyers in there) - Placed AVWAP at the beginning of the down wave wait for price to cross upward and pullback
3. Entry Long with PRL signal - first target fib closed with profit
4. Fib was reached and pull back started
5. PRL long on AVWAP acting a resistance
6. This my last Entry using strategy Exit from Range with a Plutus signal.
This is a risky Long since we are on Fib area, but I will take the risk.
Enjoy!
DodgeCoin - Speed Index is telling me ShortReading the chart
1.Location: Fib + touch AVWAP low
2. Speed Index numbers at top on the High side (red numbers) which means Hard to Move Up.
3. PRS Short signal
4. If we do not get stuck into range and break it downwards , it's Short!
Enjoy! Reading the chart with Speed Index!
Wyckoff Up-Thrust - This is how to identify using Speed indexClassic Wyckoff Up-Thrust formation, this is how to read it using Speed Index (annotations in sync with the chart):
1. Fib Area - this is where sellers might come in
2. FU - Fast Up wave with SI 0.4F
3. Next up wave with an abnormal SI of 1.0S while the average speed at 0.5, which means price has a hard time to move up (more sellers on the up move). Following the up wave on the down move we have double Short signals WU-Wyckoff Up-Thrust and PRS-Plutus Reversal Short and this where we enter.
I hope this was helpful. Enjoy!
LTC - This is how a Wyckoff Spring look like when reading SI Reading the chart: Location, Structure, Speed Index and Plutus signals
Annotations in sync with the chart.
1. Major Fib
2. Support
3. Breaking Support with a false break - Fast wave = low Speed Index 1.1
4. Down wave, price has a hard time to move down = high Speed Index 2.9 (buyers absorbing sell orders)
5. Entry a Wyckoff Spring WS signal from Plutus
.... and up we go!!!
HOW TO:Major Update Weis Wave with Speed Index Signals and TypesThis is an information video about the 6 new features of Weis Wave with Speed Index - Signal v6.0 and Weis Wave - Wave Types v3.0.
These versions will release at end of this week or next week.
Available to answer any of questions that you might have!!!
Enjoy!
ETH- Etherium - Are we getting ready to Short?1. Resistance Level - Triple top (1st one not visible)
2. Abnormal SI at the top 17.8
3. Waiting for a Plutus Short Signal to Enter
Enjoy!
Ehtereum (ETH) - Entered Long based on Lesson 15Lesson 15 Methodology;
1.Support Level
2. Largest Down wave after a while (Buyers possible entering)
3. Placed AVWAP and wait to cross upwards and pullback
4. Enter on Plutus signal Long in this case PL
GBPAUD - Short - Fake Move on FibShort trade based on previous High down volume waves and the fast fake move to Fib. Move stop to BE at support and target is set at next Fib area
HOW TO: Lesson 2 - Learn from the Master's Wyckoff and WeisThis video explains the Change in Behavior concepts as well as Effort vs. Result and how Speed Index is filling the gap of quantifying these concepts.
Enjoy!
PS. I am really sorry about the mouse I had some windows 11 issue during recording.
NZDJPY - To Monitor on Fib 61.8This could be the last up-wave!
This post is to alert you for monitoring the reaction waves since we have just hit a major Fib area. No Entry!
AUDCAD - 140 pips so far After the range break ,Plutus has dominated the chart with Plutus long signals PRL and PL! The result is about 140 pips so far. Most probably we are going to reach Resistance!
EURJPY - Exit from Range with PRL - Classic EntryThis a classic - textbook entry on a ranging environment. The signal is PRL (Plutus Reversal Long on break of the range) . Stop at 27 pips , break even at resistance level.
NZDCAD - Another Exit from Range with PRLAnother classic entry with PRL but very close to a Resistance level. We can take it will a small stop.
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!
Learn to Read and Trade any Market
CADJPY - Plutus catching the moves!Plutus got the short yesterday with the Exit from Range with PRS and the Long today at Support Level with a PRL signal. The result 55 pips , time to get out at resistance again.
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!
Learn to Read and Trade Any Market
CADJPY - Another Classic Text Book EntryThis Entry is called "Exit from Range with Plutus" a classic textbook entry for the SI traders. The result is 69 pips so far!. Get some profits in the bank.
Enjoy!
Learn to Read and Trade Any Market
AUDCAD- Classic Text Book Entry for the SI tradersThis a classic entry for the SI traders on a ranging environment.
This entry is called "Exit from Range with Plutus" and in this specific case the signal is a PRL. The result is 28 pips so far
Enjoy!
Learn to Read and Trade any Chart!
