Thought I could share a possible Wyckoff Distribution scenario on the EURUSD with a 60min chart.

The picture shows the EURUSD spot Jan. 21st 2011.

Wyckoff Accumulation on the 6E Daily chart back in May - July 2010.

I am not sure if I can vouch for the shakeout also being a Spring.

Laurus

Laurus12 

Thought I could share a possible Wyckoff Distribution scenario on the EURUSD with a 60min chart. The picture shows the EURUSD spot Jan. 21st 2011.

Laurus,

Don't you need volume to really make a determination?

David

The chart says it all....

Sure wish I had the $ to buy the call options I wanted.


David

David_R 

Laurus, Don't you need volume to really make a determination? David

You are right David, but the main thing I got hung up in was the distribution pattern alternative as an illustration. In addition there was the increased volume comming in after the breakout today. I was looking for a satisfactory short trade setup, but it did not show up. After that I was not completely satisfied with the options for a possible long setup either.

Regarding the new highs today I think it is interesting as a lesson to observe the volume we saw coming in with the lows yesterday having the effect it had today.

By now I am going to take a step back and look for more clear price/volume patterns. It will be interesting to see how it will evolve and eventually how far.

Laurus

David_R 

The chart says it all.... Sure wish I had the $ to buy the call options I wanted. David

Some gap of a markup

Beautifull example of Accumulation..


waht do ya think ?



great to see an active forum about wyckoff


cheerz

Nice example on MS. Sometimes, it helps to shift time frames. For example, stepping up to the weekly time frame in MS:

A - Early buying - strong up bars closing well. Because it occurs over a two-week period, it can be meaningful.

1 - Big volume and strong bar back up to the high area of the bars at A - this is clear strength coming into this market.

2 - Return to the lows of bar 1 and volume dries up. No selling down here. The next bar/week response was up.

3 & 4 - Some supply comes out but it stops on the very next bar (4). We now have a shelf of buying, which often is a strong sign of accumulation.

5 & 6 - Same as 3 & 4. The market is driven down, the high volume shows lots of activity. There is still supply here. But then it all stops at the 24 level.

7 & 8 - One more time! Note that this time on the drive down that the range narrows and the volume is low - no more supply at this level. The market is now ready to rally, and it does.

Shifting time frames like this will give you a different look and is helpful in understanding what the market is trying to do.

Hi DrGary



thank you for your great response to the MS chart ... i have seen several videos from you and i am little honored to hear from you lol ..


i am studying wyckoff and vsa .. since 5 months now .. and i love this form of chart reading ... note i didnt say analysing .. as its more like reading in abook wich is unfolding bar by bar...


and yes shifting timeframes .. is a key feature in my trading plan.. thou


also the bar wich has broken thru the ice and with the next bar gaining grounds back above the ice on lower volume
is a shakeout .. right ? even thou the volume was that low .. means that no big effort was needed .. ie weak floating supply has been shaken out... correct ?


or a from of stocks exchanging from weak to strong holders..


thanks again and nice to see a big wyckoff mentor on this forum .. looking forward to see and learn more from you

will post regulary chart readings.. from now on..


take care

Think this is a nice example of Accumulation on the EURUSD Spot FX with Tick Volume on a 60min chart back in September 7th - 13th 2010.

The illustration shows the relationship between price/-spread/-range, volume and time.

I have added comments with the beginner in mind.

Laurus