Thanks for the reply Kenny
yes I think that ND candle is a good confirmation too :44:
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.
Morning Guys,
A nice big drop on G/U at the open this week 
Not much happening this morning, a long bias on AJ and here’s the hourly chart + key levels. I’m looking for AJ to come down to either the fib zone or S&R and show a strong SoW.
Thank you upcomer, will learn about this more
I’ve watched several of Pete’s videos,
I’m planning to watch all but haven’t got the time yet, this week maybe
If you don’t mind me asking about this statement
"if we see climatic volume on an up move, followed by the bearish reaction, we look for the [B]first level of demand to be the AR[/B]"
did you mean first level of supply? the level from which the bearish reaction came from?
Hey Dankzka,
Check out this post for a bit of a description of the Wyckoff Schematic Selling Climax + Automatic Rally - 301 Moved Permanently
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
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.
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).
thank you for sharing your opinion Jalapenoninja
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?
sorry for this quick post as new to this thread,what is the abbreviation “AR” short for ,cheers for any answer.
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
Automatic Rally. The automatic movement of price after stopping volume, or the push up in price after fresh demand. Vice versa for shorts.
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.
Thanks Upcomer your a star.
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.
The 5 Min showed the highest volume bar producing a bearish reaction, along with a couple different entries.
What’s wrong with this trade:
- 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.
Thanks very much for that cica.
hi ! i want to know something… on the 1h chart if you see high volume do you check on the 5m for see if the high volume candle was on the lowest candle ? because smart money buy at the lowest price ? because sometime the big volume wasn’t on the lowest candle… well somebody can answer me ? (sorry for my bad english im a french canadian lol )