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Newbie Question about Wyckoff and ES
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Newbie Question about Wyckoff and ES

  #1 (permalink)
Elite Member
Mesa, AZ
 
Futures Experience: None
Platform: NinjaTrader, thinkorswim
Favorite Futures: ES
 
Posts: 27 since Dec 2014
Thanks: 21 given, 12 received

Newbie Question about Wyckoff and ES

Hello,

I'm absolutely new to trading (3 weeks of paper trading), but I've been trying to learn as much as possible.

I've chosen to try and day trade the E-mini S&P 500 Futures. I'm reading about Volume Spread Analysis and Wyckoff's Accumulation and Distribution.

Does Wyckoff's explanation of the markets apply to the ES, knowing that there isn't a limited number of "shares" of contracts? I mean, anyone with funds can create/sell a new contract.

The VSA method seems to be working, but I sometimes feel that I'm getting lucky with my analysis.

Thanks,
Brian

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  #2 (permalink)
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  #3 (permalink)
Elite Member
New York, NY
 
Futures Experience: Advanced
Platform: OptionVue
Broker/Data: IB
Favorite Futures: RUT, SPX options
 
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Posts: 157 since Apr 2010
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If you want to learn about Wyckoff and the ES then spend time with the free Sunday evening webinars by Gary Fullett:
Home Page - LTG Trading Commodity Brokerage Trading It will be time very well spent.

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  #4 (permalink)
Elite Member
Mesa, AZ
 
Futures Experience: None
Platform: NinjaTrader, thinkorswim
Favorite Futures: ES
 
Posts: 27 since Dec 2014
Thanks: 21 given, 12 received

Thanks Bookworm, I'll check it out.


Have a CAVU day!

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  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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