Aug 24, 20 - NQ Futures - Wyckoff chart Reading by sand trading
Aug 21, 20 - NQ Futures - Wyckoff chart Reading by sand trading
Nearly 100 years ago, Richard D Wyckoff born in the 19th century was a famous stock trader and investor. Wyckoff developed and carved out a revolutionary and ground breaking methodology which interlinked the institutional activities and large organisations to price movement within the chart. Wyckoff’s method and edge is based on logical reading of price action and...
Aug 19, 20 - NQ Futures - Wyckoff chart Reading by sand trading
Aug 13, 20 - ES Futures - Wyckoff chart Reading by sand trading
Aug 12, 20 - ES Futures - Wyckoff chart Reading by sand trading
GBPUSD is looking very interesting when compared to the wyckoff distribution schematic.
If you search up the schematic for wyckoff theory we might be looking at the beginning of the accumulation cycle
Aug 7, 20 - ES Futures - Wyckoff chart Reading by sand trading
In this video, I am going to show you how to draw & interpret trendlines correctly. You can apply this method in any timeframe and instruments such as forex, stocks, futures, bitcoins, bonds, etc… In an uptrend,a trendline connecting two swing low and act as support, which is also called demand line. In a downtrend, a trendline connecting two swing highs and act...
There are a number of ways to judge the price action momentum. In the previous post, I show you using trend channel as an alternative to up wave or upward thrust to gauge the buying or selling momentum. In this video, I also adopt the same example S&P 500 futures ( CME_MINI:ES1! ) to show you using the popular pattern - rising wedge and RSI indicator to achieve...
A perfect example of Wyckoff`s distribution schematic, which indicates a potential double bottom for bitcoin . ........................................................ PSY : preliminary supply. BC : buying climax. ST : secondary test. SOW : sign of weakness. LPSY : last point of supply. UTAD : upthrust after...
8 Apr 2020 recap - S&P500 e-mini futures CME_MINI:ES1! had a strong rally up and closed near the high around 2750. The strong price action has totally ignored the bearish tone set in 7 Apr 2020, where ES was up more than more than 3% but closed down on the day. In 2008, similar situation had happened a few times, such as on 3, 14, 17 Oct 2008. Every times...
7 Apr 2020 recap - S&P500 e-mini futures (ES) tested the target around 2700-2770 yesterday and had an up thrust movement on level 2700 before closing below 2650, as per my trading idea yesterday. It had a great run-up during the non regular trading hours (RTH). However, weakness did show up during the US session. ES was rejected from the target 2700-2770 with...
6 Apr 2020 recap - S&P500 e-mini futures (ES) had a great rally to take out the immediate resistance at 2525 during the non-Regular Trading Hour (RTH) and to further commit above 2600-2635 during the RTH. Since ES broke out the trading range between 2440-2630, it is expected to test the higher target at 2700-2770. It is worth noting that the upside target at...