This was a classic text text book entry for the SI traders. This entry is called Exit from Range with Plutus. That PL signal breaking the range was the entry.
The result 68 pips so far.
Enjoy!
Learn to Read and Trade Any Market!
Follow up from a previous post
This video explains how to read Speed Index on the Daily and then analyze the details on the 1HR and entering a trade using Plutus signals.
The Entry from the Plutus Wyckoff Spring Signal to the top is about 235 pips.
Enjoy!
Learn to Read and Trade any Market
The Story:
We are ranging on a Fib area
We are getting a PRS signal with 19.9 SI on Friday but is not valid because we never broke Fib 61.8
We have an increasing PVR at Fib 61.8 =buyers
High PVR which is coming from Friday news. Since the result is up = more buyers
This morning another High PVR bar the result is up again = more buyers
Finally a PRL signal...
This video explains the Abnormal Speed Index and in this case the "Change in Behavior" concept
Something out of the ordinary is happening. What was the ordinary? The ordinary was that all previous up waves had much lower Speed Index numbers.
Wyckoff Up-Trust might be coming up!!!
Enjoy!
Learn to Read and Trade any Market
The Story:
Daily chart.
Largest Speed Index of all up waves, 84.3 - Something is cooking!
If we break the blue line downwards the next days the formation created will probably be a Wyckoff Up-Thrust.
Every chart has a story and this is the recent story of this one.
The indicator did not produce a WU signal but if you know how to read your waves together with Speed Index this is a Wyckoff Up-Thrust.
The Story:
After the Longs from the exit form the range we have hit the Fib with more longs and this is where I mentioned to get profits out of some of them.
...
The Story:
This is a classic entry for the SI traders and is Exit from Range with Plutus
We have pull back on Fib and ranging for almost three days
Plutus comes with a PRL (Plutus Reversal Long) signal
Just entered after the break
Every chart has a story to say and this is the story of this one.
The Story:
Hitting Support with a very large down volume wave. Remember that on large down waves at bottoms there are usually buyers in there.
Largest up volume wave after very long time - This is buying little by little and absorbing all the sell orders with buy orders. Abnormal SI of 24.0...
This is a classic Entry called "Exit from Range with Plutus" and in this case it was a PRL (Plutus Reversal Long) signal.
For the new followers: Why we did not consider the previous short signal PS as valid? The answer is: because it never broke the range while the PRL did.
Get the profit out!
The Story:
This story is a continuation of a previous post. After Support hit we had double long signals from the Plutus system. We had a PRL and a Wyckoff Spring and up we go. Profit of 117 pips so far, get some profits in the bank because we are on Fib area!
Enjoy!
Learn to read and trade any market!
The Story:
We are coming down hitting a major support level with a fast down move (speed index at 7.3 nothing like that on the down moves)
High PVR on the touch of Support = Buyers
High Speed Index 53.7S on the next down move = hard to move down = more buyers
Double signal Wyckoff Spring (WS) and Plutus Reversal Long (PRL) and up we go!
Enjoy!
Learn to...
The Story:
Price is ranging
We have a false break with very high PVR
The reaction up wave is long wave having a hard time to move up
Then a PRS signal confirms the Wyckoff Up-Thrust
Furthermore the reaction after the down move is an up wave with an Abnormal SI of 35.3 which is a HTMU wave (Hard to Move Up) = more sellers and down we go again.
The "SI...
The Story:
High PVR on 1st touch of support level = buying has started
Increasing PVR as price moves down which means buyers on the down
Double Long signal from Plutus WS and PL
High PVR again without the price moving down and then moving up
Therefore all the previous logic was correct and these were buyers. This called the "FOLLOW" methodology :"Let...
All the charts tell a story, that's the story of this one:
We are hitting a support level for a second time
Fake break support. The reaction after the fake break is a very PVR = buyers
..then a high volume up wave and price goes back into range (look left, not a wave size like that for a few days)
Finally Plutus confirms the move and provides the...
The Story:
Price coming down hitting 50 Fib
Then we have an Abnormal Speed Index of 23.3 which means hard to move up=probable sellers
Coming Down again hitting 61.8 Fib
... and PRS signal is out
I will go short if 1hr closes below Fib 61.8, otherwise patience!
Learn to read the chart.
The Story:
We are balancing on a significant Fib 61.8
Last SI before the fake break of Fib quite High at 17.6, probable buyers
Fake Break = Wyckoff Spring formation start. PVR quite high
Plutus comes with a Long signal PRL
Abnormal SI of 21.0 = buyers on the way down
The reaction : large up volume wave with the corresponding...
