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Newbie Question about Wyckoff and ES


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Newbie Question about Wyckoff and ES

  #1 (permalink)
 oddTrader 
Mesa, AZ
 
Experience: None
Platform: NinjaTrader, thinkorswim
Trading: ES
Posts: 27 since Dec 2014
Thanks Given: 21
Thanks Received: 12

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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  #3 (permalink)
 
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 Bookworm 
Long Island, NY
 
Experience: Advanced
Platform: TOS
Broker: TD Ameritrade
Trading: Equities, index options and futures/futures options
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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)
 oddTrader 
Mesa, AZ
 
Experience: None
Platform: NinjaTrader, thinkorswim
Trading: ES
Posts: 27 since Dec 2014
Thanks Given: 21
Thanks Received: 12

Thanks Bookworm, I'll check it out.


Have a CAVU day!

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  #5 (permalink)
 
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 Big Mike 
Manta, Ecuador
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