Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
This is my first futures trade using Wyckoff.
watching to see the MM drove it down, the volume increase but the bar was not going down much so i was expecting their intention to drive it down to buy as the volume show the activity. then the next 2 bars confirm that with low volume to the downside.
Can you help answer these questions from other members on NexusFi?
Second Long. The pro did not off load all the contracts that they bough in the first trade, The news is bad so the price when down , but as it went down the volume is decrease. All the volume probably from the news and all the stop which people went long break out yesterday high. So there is a weakness in the downtrend. As expect there there another test show strength.
Second Long added. There will be a a resistance that was make this morning but seem like the SM want higher price so i will wait and see if they will absorb all the sell orders there all not and play accordingly. If they want to take all that sell order they will drive the price up real quick to over pass that level. It could be the reason that they pause the price here to see is a lot of sellers in the back ground. As up right now i don't see a lot there.
Now they took me out leave me with 4 ticks. (BAD MANAGEMENT
I know they dont want the sell there yet. i will try to get back in.
High volume down bar. So they actually try to absorb. I think i move my stop to early.
The question is did they off load ? As i see all the up bars as the recently have higher volume but the spread of the bar is shorten. This is the side of off loading.
Wait and see game again. I like the idea of short right now but to early to play the short side. The long side as im not seeing any good thing right now ( I dont have a clue what are they doing yes) .
Daily chart. So really good sign of the short as current the yesterday rally and today is just to test the supply zone.
60 mins chart. Its seem that YM is in the distribution zone.
As the price increase the volume decrease and when ever it get near the top volume increase as spread decrease.
Lol, as watching this price action. i see something is forming maybe there will be an opportunity.
Wait and see whats they doing ?. im not greedy, but this game is really interesting.