USDCHF Double Plutus Patterns 50pips  - THIS IS WHY -TRADING WITH WEIS WAVE WITH SPEED INDEX

USDCHF Double Plutus Patterns 50pips - THIS IS WHY -TRADING WITH WEIS WAVE WITH SPEED INDEX

20 May 2020, 16:21
Trade The Volume Waves Single Member P.C.
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Setup : 1Hour Chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller)


Our Story:

Very easy story but I missed that trade, it would have been at least  easy 50pips so far.

1. Plutus Reversal Short with SI ratio 12.4/1.6= 7.75 quite high

2. Volume but hard time to move up 

3. Plutus Short (that's the third confirmation that we are goin gdown) SI ratio 9.4/2.9=3.24 which is above our threshold 2.0 

4. Fast fake move without volume

What is strange on this chart, is that the high volume individual bars are at the bottom of the range so you would expect that this was buying, but the SI patterns worked fine and forecasted the next move accurately which was short.

This is the Magic of Speed Index - it does not get any easier than that- Enjoy Wave traders.


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