Supply/Demand, VSA, Wyckoff with Petefader - Page 501
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  1. #5001
    Join Date
    Apr 2012
    Posts
    537
    From the higher TF's Cica, I'm biased Long AJ, but it might move down to where I marked up earlier today before it finds a sign of strength.

    Quote Originally Posted by cica View Post
    AJ will break up or down?
    Long lower pins = buying.

  2. #5002
    Join Date
    Apr 2012
    Posts
    537
    Hey Danzka,

    On a move that's a sharp as this, I'd cool off for a bit and look at another pair. But with the move up to the Buying Climax being smacked down by an equal move, I'd have a "higher" Automatic support. (Automatic Range follows a Selling Climax, Auto-Support following buying climax).

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    Quote Originally Posted by danzka View Post
    Thank you Jalapeno, this is my understanding please correct me if I'm wrong,
    the first arrow is Buy Climax, the second is Auto Reaction, and the third is Secondary Test

    Attachment 65747

  3. #5003
    Join Date
    Jan 2014
    Posts
    16
    thank you for sharing your opinion Jalapenoninja

  4. #5004
    Join Date
    Sep 2013
    Location
    Hong Kong
    Posts
    8
    Hi everyone,
    In the EU Daily? Does this mean Selling Climax? And that I should be looking for longs in a lower timeframe? What about the high volume that happened previously?
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  5. #5005
    Join Date
    Jun 2012
    Location
    UK and New Zealand
    Posts
    458
    Quote Originally Posted by UpcomerFX View Post
    Quick heads up Danzka, the AR is the first sign of the opposing volume. So if we see climatic volume on an up move, followed by the bearish reaction, we look for the first level of demand to be the AR.
    One thing I did a lot when I first started learning, and still do to this day, is watch Pete's videos while you follow along on your charts.
    sorry for this quick post as new to this thread,what is the abbreviation "AR" short for ,cheers for any answer.

  6. #5006
    Join Date
    Jan 2014
    Posts
    16
    Quote Originally Posted by kennymingt View Post
    Hi everyone,
    In the EU Daily? Does this mean Selling Climax? And that I should be looking for longs in a lower timeframe? What about the high volume that happened previously?
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    Not yet for me, by Wyckoff we should wait for the Auto Rally, then the Second Test, form Range between AR and SC, and if its break the range upward, I'll long it

  7. #5007
    Join Date
    Jul 2013
    Location
    FL
    Posts
    261
    Quote Originally Posted by buster48
    sorry for this quick post as new to this thread,what is the abbreviation "AR" short for ,cheers for any answer.
    Automatic Rally. The automatic movement of price after stopping volume, or the push up in price after fresh demand. Vice versa for shorts.

  8. #5008
    Join Date
    Apr 2014
    Posts
    5
    Looks like we finally have proper stopping volume on the gbp/usd, absolutely huge volume today on the down bar, which should stop this down move.
    looking for longs only now.

    Eur/usd looks to be in accumulation right now, hopefully get a move up tomorrow.

  9. #5009
    Join Date
    Jun 2012
    Location
    UK and New Zealand
    Posts
    458
    Quote Originally Posted by UpcomerFX View Post
    Automatic Rally. The automatic movement of price after stopping volume, or the push up in price after fresh demand. Vice versa for shorts.
    Thanks Upcomer your a star.

  10. #5010
    Join Date
    Jul 2013
    Location
    FL
    Posts
    261
    Euro slowly rising into Fib Zone, leading to highest volume of the day/bearish reaction.
    The background to me looks bearish as the lower prices aren't bringing as much demand as the rallies bring supply.
    The Fib Zone also runs into the upper region of the downward channel and the 50 EMA, adding some nice confluence.

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    The 5 Min showed the highest volume bar producing a bearish reaction, along with a couple different entries.

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    What's wrong with this trade:
    1. I feel that even though the 1 hour showed the high volume + reaction at 15:00 GMT, it's still pretty close to 16GMT. This is when activity begins to die down and you can see that lack of activity on the 5 Min chart I posted. On the Fake Break, I would have liked to see higher volume, indicating supply stepping in at those high prices.

    Thankfully, this trade isn't going against the overall trend.

    EDIT: Strange. For 19GMT, the volume that appeared was relatively high. It's abnormal to say the least, but regardless, it pushed prices past the level I thought would hold.
    Last edited by UpcomerFX; 09-09-2014 at 08:13 PM.

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