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Diary of a PA/Harmonics/Wyckoff trader

Discussion in 'Trade Journals' started by Patrick-Moore, May 19, 2018.

  1. Patrick-Moore

    Patrick-Moore New Member

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    My style of trading, when I started was a lot of indicators eg. MA, RSI, and Stochastic but my charts are clean and simple. I have moved on from lagging indicators to Price action >> Harmonics >> no I'm onto Wyckoff Method, I still use PA and Harmonics for my analysis. My journey has been enjoyable so far and would like to learn from members and in addition, give back to the community.
     
    Jrich and T0rm3nted like this.
  2. T0rm3nted

    T0rm3nted Moderator
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    Looking forward to seeing your journey in this journal!
     
  3. Patrick-Moore

    Patrick-Moore New Member

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  4. Patrick-Moore

    Patrick-Moore New Member

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    Bitcoin is in a trading range (TR). Now I would watch the structure to see if it is a re-distribution or an accumulation.

    bitusd.png
     
    #4 Patrick-Moore, May 27, 2018
    Last edited by a moderator: May 28, 2018
    T0rm3nted likes this.
  5. StockJock-e

    StockJock-e Brew Master
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    Bitcoin is going to give its HODLrs a stress test very soon.
     
    Onepoint272 likes this.
  6. Patrick-Moore

    Patrick-Moore New Member

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    Further analysis on bitcoin. I think it is in a accumulation as supply is diminishing, the structure is rising.
     
  7. Patrick-Moore

    Patrick-Moore New Member

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  8. Patrick-Moore

    Patrick-Moore New Member

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    EURUSD - Daily
    We can see the stopping action of a downtrend on this pair. It was confirmed last week that EU would go into a sideways trend based on a Wyckoff analysis. This analysis looks at four points on the chart and for a confirmation of the consolidation action, these four following points must be completed PS, SC, AR and ST to mark the end of the downtrend. Now it is too early to call it an Accumulation/Re-distribution, but as the days past we would see what unfolds.

    [​IMG]
     
    #8 Patrick-Moore, Jul 22, 2018
    Last edited: Jul 22, 2018

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