Edward Morra Profile picture
Apr 2, 2018 12 tweets 3 min read Twitter logo Read on Twitter
Wyckoff update
Full detailed description of first and third laws of Wyckoff (supply & demand and effort vs. result)
Wyckoff update
Completed Wyckoff structure. Looks scary similar.
p.s. this model was designed almost a century ago, people didn't have calculators and were drawing charts by hand using pencil and ruler.
"It takes a while for a pro to accumulate a position in advance of a big move – buying too many shares at once would cause the price to rise too quickly"
Wyckoff (1937)
"He prefers to do this while the market is weak, dull, inactive and depressed. To the extent that they are able, he, and the other interests with whom he works, bring about the very conditions which are most favorable for accumulation of stocks at low prices"
Wyckoff (1937)
"The whole move is manufactured. Its purpose is to make money for inside interests — those who are operating in the stock in a large way. And this can only be done by fooling the public, or by inducing the public to fool themselves."
Wyckoff (1937)
"By keeping the stock low and depressed, he discourages other people from buying it and induces more short selling. He may, by various means, spread bearish reports on the stock. All this helps him to buy."
Wyckoff (1937)
"Now, the pro has accumulated a huge position in the stock, and he needs to find someone to sell it to. By now, people have seen the surge, and they think something's coming"
Wyckoff (1937)
"Then, the news hits, and the pro can instantly unload 20-30k shares as people rush in to buy. To finish unwinding his position, the pro does the exact same thing he did at the bottom – he works that stock up and down in a range until he's sold it all"
Wyckoff (1937)
Now, the stock is in "weak hands" – everyone bought it on bullish news after a rally. So, it's time to go short. The pro can initiate a big short position, but fool people by putting on good-sized buy orders, supporting the stock and inducing people to keep buying.
Wyckoff (1937)
"Then, he pulls out the rug – canceling all his buy orders and leading a raid on the stock. That's how it's done – played in both directions"
Source: Wyckoff (1937)
[Read this thread to understand the logic of market maker. Mister Wyckoff run the trading floor at his time.
All that you call manipulation or nonsense is just the game of big players. Learn how to play along them, and not to blame it all on manipulation.]
Edward Morra 2018

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Edward Morra

Edward Morra Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @edwardmorra_btc

Sep 12, 2018
1/ Just judging by the structure of all down legs in 2018, they followed a pretty simple sequence: distribution - re-distribution (at least 1, if not 2-3) - accumulation (local bottom).
Current structure telling nothing but a continuation (break down) is very likely
2/ These are so called SSR (stepping stone redistribution/reaccumulation).
Unless a miracle happens, BTC is headed to at best test yearly lows, at worst - break them which will start the final stages of bear market (can last weeks to months)
You should be already prepared for it
3/ Nobody here is a financial advisor and you should be the only responsible person for your financial being.
Pretty hard for me to do any bold predictions, hope for the best, prepare for the worst.
If anything - our first HL of this year is our last hope (if it holds for real)
Read 6 tweets
Apr 9, 2018
Shorts ATH again, what could possibly go wrong?
Johnny, shorts keep on adding weight faster than your mama, be careful
Not much of sentiment trader, but here are some thoughts: shorts keep rising at unprecedented rate, yet price barely moves. We are kissing this level for 10 days already, if we were to dump - why wouldn't we already? This either the 1st time in history where crowd profits, or...
Read 11 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!


0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy


3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!