arman77 

the reason i ask is not because of I didn't search I searched and found so much courses and books but they will take years to finish I just looking for the best some say ict some say wyckoff analytics I'm so confused thank you again

YouTube; Basic stuff,

Pips of Persia

Jack Corsellis

Don't buy anything just watch.

deaddog 

YouTube; Basic stuff, Pips of Persia Jack Corsellis Don't buy anything just watch.

thank you that pips of persia was great

I will second Gary Dayton courses!


Sent using the NexusFi mobile app

Hi everyone,

I feel like I'm stuck. Currently I'm working through the materials from Wyckoff.

It's maybe the part of the game I still didn't understood.

Quoting 

Large operators often test the market for a stock by buying 5,000 to 25,000 shares in order to see how easily they can buy it, or by selling a similar quantity to ascertain how well the market will absorb their selling. Thus they are able to decide which side shows the least resistance. If they find other people are trying to buy it and that the stock is rather scarce, they regard it as a bullish indication and take a long position. Or, if the price yields easily to pressure, they regard it as a bearish indication and take a short position.

First of all I do have a feeling this still is valid today.

But I'm having difficulties to understand what he's trying to say here.

I understood that easy buying of 25.000 shares with a corresponing reaction on the price ladder implies less resistance above.

But what I didn't understood was this part:

Quoting 

If they find other people are trying to buy it and that the stock is rather scarce, they regard it as a bullish indication and take a long position.

What is it?

Is he referring to the 25.000 shares bought before?

That's what I couldn't figure out.

Maybe I'm totally wrong on this. If that's the case I would appreciate a reaction also to let me know that I still am missing some fundamentals.

Many thanks in advance.

Toolman22 

What is it? Is he referring to the 25.000 shares bought before? That's what I couldn't figure out. Maybe I'm totally wrong on this. If that's the case I would appreciate a reaction also to let me know that I still am missing some fundamentals. Many thanks in advance.

The way I read it, IT is the stock in question. If the large order doesn't move the price then there is a lot of supply. If the price moves up then buyers have to increase price to entice sellers to sell. (bullish)

deaddog 

The way I read it, IT is the stock in question. If the large order doesn't move the price then there is a lot of supply. If the price moves up then buyers have to increase price to entice sellers to sell. (bullish)

So it has nothing to do with selling what you must have bought before as part of the test executed. It‘s just another way of testing. They can test by either:
- active selling
- passive selling
- active buying
- passive buying

Those activities can be pushed into the market in a sequence, but not necessarily.

So they can conduct a series of tests? I hope I‘m not wrong on this.

Hi all.

I'm completely new to trading and in Wyckoff method. Reading through forum posts, Dr. Gary Dayton name was recommended a few times.
After visiting his site, I'm a bit confused on which course to start. There are 10 courses under Wyckoff chart reading.
As a complete beginner with what course should I start with learning? Or should I start with other books/courses and then go with Dr. Gary's stuff?

manjina 

Hi all. I'm completely new to trading and in Wyckoff method. Reading through forum posts, Dr. Gary Dayton name was recommended a few times. After visiting his site, I'm a bit confused on which course to start. There are 10 courses under Wyckoff chart reading. As a complete beginner with what course should I start with learning? Or should I start with other books/courses and then go with Dr. Gary's stuff?

I would start with his free Youtube video on Wyckoff Principles:

Other free resources for you:

LTG Trading (Gary Fullett), very good on intraday tape reading:

[yt]https://www.youtube.com/channel/UCSmHAuj62kVnkRERVxKRVIQ[/yt]

Gary Fullett also has free rooms on two nights of the week for teaching Wyckoff Principles, you can sign up at his website:

LTG Trading - Gary Fullett - Wyckoff Trading Education -Brokerage : LTG-Trading

At the top it in the banner free trading class on Sundays at 9:00 EST.

Further down the page you can sign up for free stock chat on Wed at 9 pm.

Gary F is one of my mentors and he helped me a lot. I also had mentorship from him. I have also learned from Gary Dayton as well. Both are good.

Gary Dayton’s best course is the Chart Reading Mastery course but like NGTrader said try to find all the free content on Wyckoff first. I also like to read Fiebel’s S&P Chronicles. https://www.feibeltrading.com/the-s-p-chronicles


Sent using the NexusFi mobile app

Does anyone happen to know where this checklist came from? I tried to enlarge and print it out but its blurry and hard to read.

Background Checklist