dee718

dee718

Hit a more selling in that previous supply zone (zoom out and its clear as day). Exactly what you would expect. The CO is taking profits (Sell high, buy low). The CO is a bot. A state of the art, industrial level, multi-million dollar trading bot. He doesnt need to eat, sleep. use the bathroom. He never complains and he doesnt care about anyones politics. The CO...

dee718

Its about to be the weekend and a holiday in the US. So the next few days may be weird. However, once things get back on track we will begin to see the patterns "lock in" again. Its getting close to previous supply zones and it does look like it hit a lot of selling. It makes logical sense that these volume spikes would occur this high. Why is that? Because the...

dee718

Still looks there is some left in this trend but its starting to enter areas where there are going to be more and more sell orders. It would be suicidal for your money to enter here. Although there is always the potential for it to run, the probability of that happening decreases this high in the trend.. so you have to manage the risk accordingly. Price ALWAYS...

dee718

Looks like an average of 5 days that price runs through its accumulation cycle. Targets here are about 50% retrace and 100% retrace intersecting with previous support. Would like to see it come down, settle and stay in a small range. RSI positive divergences are also useful once in a while. We will have to wait and see.

dee718 Updated 

Once again you can see the low volume gaps over phase "B." Price rips right through this area. Price is always drawn towards the low pressure area and will follow the path of least resistance. This is discussed in greater academic detail in the legendary book "Master the Markets." VSA and Wykoff discuss volume. However, neither (that I have found) discuss how to...

dee718

Price is at a previous supply zone. Seeing a negative divergence. However the sell pressure seems light. For the sake of consistence and to minimize risk, will be waiting for the pull backs. Should it rip through that supply zone, thats fine. But when price is this high the probability is higher that it will pull back. Yes, the possibility exists that it carries...

dee718

The daily conveys a strong down trend so it makes sense to look for re-distribution areas to go with the greater trend. B The lowest volume of the day for STOCKS is mid session. You can see it in how the volume moves. There is a crest (high) and a trough (low). This is a consistent pattern that day traders and exploit. In Wykoff its considered Phase B but I cant...

dee718

FX, futures and crypto has a different volume profile. The lowest volume of the day is not located at the session divider. The low point is located more mid-day. Its still just as easy to identify. There are crests and troughs in a wave. We need to find the trough or the lowest point. For APPL its mid day. Note where the ovals are drawn and the associated...

dee718

This is a weird one imo. Going to see if it stays on the edges of the channel. The channel is just there to help visualize a potential entry area. The daily makes me think its going to come down but we will nned to wait and see. Trading is allll about waiting.

dee718

Green box is a 50% fibonacci zone. Will start looking fot an accumulation pattern to initiate. Its only a target area. There are alerts set IN CASE it reaches the target area. If it does not reach the target area.. so what? I would rather wait than lose. As usual, have to see how it plays out.

dee718

Check out that distribution looking pattern... What usually goes on here? Is price low or is it high? Looks high to me. Now, sometimes you can get a very shallow re-accumulation that resembles distribution. If you are consistent in your targeting you can have more confidence when you pull the trigger. If the price moves up without a pull back that is okay. If...

dee718

About to enter a previous supply area. Have to play it smart here. Where there was selling in the past may still have some selling left. Thats why its always better to wai for things to come down a bit before entry. The Wykoff patter can come in various forms and can appear different on different time frames. But the idea is always the same.... and its actually...

dee718

New target area. Will have to see if and when it gets there and if it continues with the downtrend. It looks pretty obvious on the daily chart. If it dowsnt make sense here, zoom out to the daily and it may be more recognizable. More later.

dee718

Looks like it is forming that test area on low volume pressure. Expecting another long move up towards the next supply zone. More to follow.

dee718

Where the session divider intersects with the volume is ALWAYS the lowest volume of the day. It is something we can see. All you have to do is look for yourself. Usually what follows is PHASE B... If you do not know what that is, look up Wykcoff schematics on duckduckgo. You can find a more academic explanation through a search. The bottom line here is that...

dee718

I think the BTC CME chart is the most consistent chart out of all the BTC charts. Very predictable. The Phase B [pressure gap is consistently located in line with the session divider. It is a "fixed" piece of information. You can sorta identify this location on the other BTC charts. Try comparing the other BTC charts to this CME chart and you can see the difference.

dee718

Supply looks very light here. You can also see the pattern. Notice that there are 2 absolutes here: There is the lowest volume of the day (Session divider) and there is the area of the most activity. This activity happen around the same time of day. everyday. Usually the main move of the session comes at/around that time around 0900-1100 hrs eastern time. Will...

dee718

Looks pretty weak Check out the dally and it should make sense as to why it -should- continue to the short side. Channel was drawn using a Linear Regression Channel (set at 100). We will see how it plays out maybe in a few hours.