NZD/JPY 4H Wyckoff 23:1 Risk to Reward Ratio
Wyckoff Trading Method is amazing to understand the market and the big players who move the market. The idea is to understand when the market consolidates and wether it is in a distribution/re-distribution phase or accumulation/re-accumulation phase.
Wyckoff gives you a big Risk to Reward Ration if entered right.
In the NZD/JPY attached picture, the price consolidated and before it there was a change of character, there I have identified the PS (Point of Supply). Then the SC (Selling Climax) and AR (Automatic Rally) were identified alongside ST (Second Test) to mark the end of Phase A. Trading Ranges are identified by SC & AR.
Phase B had an Ultimate Thrust followed by an ST for Phase B.
Phase C is where the big players trick you into thinking the price will go down while in fact the want to push it up. That is called the Spring which is then followed by a Test. The Test usually happens to gather the hedge funds companies to join along.
Phase D is where we see Signs of Strength and could be followed by a Last Point of Supply for any companies to join along.
You could enter a trade in Phase C or Phase D only and you could even go on lower timeframes for better entries.
You have to have patiences when trading Wyckoff because you could have Re-accumulation instead of Accumulation. In our online courses, we'll teach you how you can identify the difference :)
Please share and support and let me know what you think in the comments section. Thanks !
Wyckoff gives you a big Risk to Reward Ration if entered right.
In the NZD/JPY attached picture, the price consolidated and before it there was a change of character, there I have identified the PS (Point of Supply). Then the SC (Selling Climax) and AR (Automatic Rally) were identified alongside ST (Second Test) to mark the end of Phase A. Trading Ranges are identified by SC & AR.
Phase B had an Ultimate Thrust followed by an ST for Phase B.
Phase C is where the big players trick you into thinking the price will go down while in fact the want to push it up. That is called the Spring which is then followed by a Test. The Test usually happens to gather the hedge funds companies to join along.
Phase D is where we see Signs of Strength and could be followed by a Last Point of Supply for any companies to join along.
You could enter a trade in Phase C or Phase D only and you could even go on lower timeframes for better entries.
You have to have patiences when trading Wyckoff because you could have Re-accumulation instead of Accumulation. In our online courses, we'll teach you how you can identify the difference :)
Please share and support and let me know what you think in the comments section. Thanks !