WyckoffMode

I've had others call me "embarrassing" and "stupid" in...

WyckoffMode Cập nhật   
POLONIEX:XMRBTC   Monero / Bitcoin
21
...other traders publications where I posted what I found in an effort to INFORM others of the advantage they have with this indicator. Especially, in FOREX publications where the real liquidity is located. However, those who have called me such names willing close their eyes and ears TO THEIR OWN EMBARRASSMENT & STUPIDITY.

Fine, you can remain in your embarrassing stupidity while I remain in mine... ; ) ; ) hehe.

I actually shorted XMRBTC 6 times on the way up. Yes, you heard me right... while we were pumping. I was using 5 BTC to buy in with the pumps then sell (short) at certain points on the way up. This denied other larger whales from dumping into buy orders that would have looked delicious to them and I would still those buy orders from them just 60 seconds or so before they would.

Each time I shorted, the whale had no choice but to wait with a pause for a while or keep going up. Well, they kept pumping it up and I kept shorting on the way up at just the right time before they could short it.

After the 4th time of shorting it, we had quite a long pause and the whales with their bots decided a different strategy. WHY? Cause I had a lot of traders gun shy about putting buy orders in near the top after shorting it a 4th time. The whales ended up putting buy orders in themselves near the top; and instead of larger amounts in one order, they put multiple 100 to 200 XMR orders lined up behind one another but spaced out a bit to show support and encourage others to place orders in above theirs. This was after we had already reached our high of 0.0145 and we were on the way down.

I shorted two more times on the way down before the big dump THAT I SAW COMING. That's when I put a buy order in at the top of a candle just above my blue support line at 0.01269256 with those 5.0 BTC and went to sleep. I woke up to find we came down ALMOST EXACTLY to my support line and my buy order was filled. Now, we are back up to 0.01371800 currently at this writing.

How's that for "embarrassing" and "stupid?" hehe... Go figure... hehe


I have one "mutli-chart" up like you see above AND one big chart for 1h and higher TF's on EVERY pair I trade.
Bình luận:
I don't mind constructive criticism. However, I do mind the name calling (embarrassing, stupid, etc...). Those folks are too busy "worshipping" in their following while maintaining bias and laziness to look into this for themselves. That's okay though. More "cha-ching" for me and those who use this method. Especially, in FOREX trading.

I will be very very busy on taxes today and tomorrow. So, very little will be heard from me today like yesterday not much was heard from me. Got to get taxes done.

Cheers and Happy Trading,

David

PS - I'm NOT being arrogant or act like a know it all in the least, as some have suggested in other traders publications. I'm simply trying to help others. That's all... Simply trying to help the TV community. However, I'm going to STOP writing in other publications written by other traders of what I've found to be eye opening in regards to this indicator and the inputs I've set it for in the formatting.

Don't get me wrong, I like the other traders I follow, "TomHall, Alexander_Niken, pardis, Blue, EXCAVO, etc... Great guys and fun to follow." However, I honestly feel I have found a method they can use in their TA to help them become more accurate in their forecasts brought about with their TA. Just saying....
Bình luận:
For those NEW to using the "multi-chart" I've shown in an example above; MAKE SURE to set it up like I have shown with those TF (Time Frame) minutes shown.

MAKE SURE to watch them for a while and WRITE A TRADE ON PAPER that you would have made based off what you're seeing. You CANNOT stay focused on the 1m and 5m all the time. You must also pay close attention to the others as well as things play out in the 1m, 5m, 10m and 15m TF's.

Once you get an idea of how it works ON PAPER, then you can go LIVE.

Happy Trading...
Bình luận:
The inputs on Godmode in the formatting have been changed from defaults to 9, 6 & 3. I also added LSMA and changed it's input from 25 to 32. Leave it on 32 FOR ALL TF's.
Bình luận:
You may find you prefer different inputs that may work better. If so, please share and explain.
Bình luận:
This chart only to show where I determined our "support." at the bottom of the dump:
Bình luận:
If I pissed off the whale pumping XMR last night after they have read this, so be it...
Bình luận:
It was nothing personal... Just business.
Bình luận:
Helpful hint for those new to charts and indicators.

When you want to go "multi-chart" mode, make sure to have all your indicators with their proper inputs SET UP FIRST before going to multi chart mode. This will prevent you from having to spend the time on each little chart inserting the indicators with their proper inputs.
Bình luận:
If you went to white background like I have, you may want to double click Godmode, then click "style," then click the yellow color on "Caution" and change it to Red to make it more visible with a white background.
Bình luận:
Referring to the DOT's
Bình luận:
XMRBTC pumping for the moment. Getting back to journal entries:
Bình luận:
The Multi-Higher-TF's-Chart 45m, 60m, 90m, 120m, 180m have red line from the left side of a green line going up; indicating upside.

The 240m TF has green line coming up to meet the red line that would enter it from it's left side while it's going up; indicating upside potential in the 4h

This can change on the fly. Keep an eye on the lower TF's. Especially the 10m with 5m, 15m, 20m and 25m

Bình luận:
XMRUSD looks the same... Bullish...
Bình luận:
I'm leaving the whales alone, this ride up with this pump.
Bình luận:
still looking strong... for the moment.
Bình luận:
20m, 25m, 30m and 45m TF's still shows potential for upside
don't sell right now.
Bình luận:
This could be a dump

Bull trap


We'll see
Bình luận:
shake out or shorts going on like what I did last night. I thought I would let others do what I did this go around. I also wondered if a whale(s) read this publication. Watching their reaction in trading if this is so...
Bình luận:
20m, 25m, 30, & 45m still show potential for upside. No sell yet... ; )

Bình luận:
A look at XMRUSD in lower TF's:
Bình luận:
One last look of XMRBTC instead of XMRUSD in lower TF's for future reference.

Bình luận:
Bình luận:
I got rid of the pitch fork to make easier viewing of price action
Bình luận:
Hi TF's 45m and higher and back to journal entries for taxes:
Bình luận:
We are currently trying to break out of that wedge or triangle I drew with two blue arrows. It seems to be going up "naturally" "organic." hehe... ; )

Bình luận:
BTCUSD dropped...

So, XMRBTC should go up if XMRUSD remains the same:

Bình luận:
XMRUSD going down currently. It COULD follow XMRBTC and go back up. IF not, XMRBTC should remain the same while BTCUSD and XMRUSD both go down.

Bình luận:
While I was adding that previous update XMRUSD went up a bit and changed to indicate upside across all Lower TF's at present: hehe

It must be following XMRBTC instead of the reverse.

Bình luận:
I've been doing journal entries. Definitely looking down side

Consolidation phase folks.

Bình luận:
May be back in business...

We'll see how it plays out. Posting these for further review later on:

Bình luận:
XMRUSD: Short TF's:
Bình luận:
XMRUSD High TF's:

Bình luận:
Update on XMRBTC NOT USD Higher TF"s:

Bình luận:
And lower TF's THEN I'm chilling with XMR for a while.

Bình luận:
Update on XMR. Should have posted this last night before sleeping in this publication. I did in the troll box but forgot to post on here. Sorry folks:
Bình luận:
Those notes (text bubbles) were placed on the chart when I told traders to buy it cheap while they still can.
Bình luận:
Simply showing you how I'm currently Watching this unfold:
Bình luận:
Ignore the magenta and blue lines within Godmode. Those were created on a single chart in a higher TF:
Bình luận:
Yep, that' the 1m, 3m, 7m, 10m, 12m, 15m, 20m, 25m TF's
Bình luận:
The difference 2.5 minutes can make:
Bình luận:
another 1.5 minutes:
Bình luận:
Bình luận:
Bình luận:
Bình luận:
Bình luận:
Will the blue line turn Up?
Bình luận:
To indicate PRESSURE is up
Bình luận:
3m still needs to come up for the 7m to not result in down... Time will tell.

Bình luận:
Bình luận:
Bình luận:
Bình luận:
Bình luận:
Be careful of a bear trap
Bình luận:
Or we can say, "Be careful of a short trap."
Bình luận:
Someone may have just sold MORE than what they can actually buy back at a lower price. Have to pay attention to the liquidity inside the buy and sell order books.
Bình luận:
I'm referring to the 1m dip wick down:

Bình luận:
All I got to say is this,

If you're thinking of shorting here, you BETTER make sure enough liquidity is there in the oder books before doing so...

That's IF you are planning on buying back in cheaper.

A big sell wall of 1,534 XMR currently. However, it can be taken off at the blink of an eye. You have to hope orders fill in where you dumped it to instead of that sell wall being taken down and a whale is able to drive it upside CHEAPLY to squeeze you out of your short.

Just saying...

Bình luận:
And that's probably what just happened:
Bình luận:
I'm looking at the 1m TF in the top left corner.
Bình luận:
I still believe shorts were squeezed even though i changed the note on the 7m TF;

the 3m TF is showing up; so the 7m TF may come up shortly.

Bình luận:
Had to adjust everything. The candles were going up and out of some of the charts:

Not complaining. That's a good problem to have. ; )

Bình luận:
Bình luận:
A lot of sell pressure in the order books currently. Waiting to see if the bull rages on:

Bình luận:
Bình luận:
If you see a change in a color on a text bubble, that means it was EDITED.
Bình luận:
The BLUE line is your LSMA - Least Squares Moving Average
Bình luận:
It's input should be at 32 for ALL TF's.
Bình luận:
I've also taught... Be careful about making flat statements. A buddy of mine and I agree it's the best for all TF's.
Bình luận:
I like mine "short" and spicy. ; )

Bình luận:
I don't post my short until I've executed it and 1.5 minutes has passed.
Bình luận:
Bình luận:
Bình luận:
Bình luận:
Bình luận:
SO far so good. Added approximately 65 XMR to the collection on that on: ; )

Bình luận:
Bình luận:
It came up just a little above a PS line in dotted blue:

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.