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Wyckoff Trading Method
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Wyckoff Trading Method

  #91 (permalink)
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Accum/re-accum

Here is something I found on the web by Hank Pruden. It talks about Nine Classic tests for Accum and re-accum.

D

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  #92 (permalink)
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David_R View Post
Martied,

I think there can be areas of re-accumulation in up trends and re-distribution in down trends, so they won't always be reversals. I think. I could be totally wrong about that. So, I think those re-accum and re-dist could be continuation, but it may not be referred to as such. Also, in an up trend or ranges in an uptrend you can trade the Spring. That is a wyckoff setup where price dips below an obvious support area and is rejected and closes back above. In and down trend or range bound area in a down trend you can trade Up thrusts or Hidden Upthrust. I will try and post some chart examples.

Post 18 has a good example of a spring.


David

David, you are absolutely correct on the re-accumulation/re-distribution possibilities, something that I completely overlooked while looking at my charts. Thanks for the comment as I now see a glaring weakness in my analysis.
I'm reading and rereading the PDF 'Wychkoff Schematics' and at the same time looking for examples from 1min to the daily and I am amazed at the recurrence of these patterns.

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  #93 (permalink)
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GC revisited



Laurus12 View Post
Great Martied! Could you have us updated on the GC? Would be interesting to see how that pattern develops.

Regarding the Creek, together with resistance use the coming "Boy Scout checking out where it is safe to jump over the creek" analogy. The way I have understood it you have it in your CL 1min chart with the two tops before the shakeout, where we see it coming up again meeting resistance at the creek before actually having the JAC.

Laurus

Looks like the GC accumulation pattern failed, or more likely it was not an accumulation pattern. I'm thinking that possibly that the springboard was too soon, that not enough time elapsed for proper accumulation to take place. Or as David_R pointed out it could be re-distribution since it is in a downtrend. Not sure to be honest. Guess I'll be working on my distribution/re-distribution concepts tonight....

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Exercise

Here is a 120 minute chart of Sugar. I've never traded sugar, but I feel a chart is a chart. The background is that it has been in an uptrend and the had a big down bar on very high volume. So the question is, what has been taking place while its been in this sideways range? Is it absorbing the supply that is contained in that big down bar, or is it part of the distribution process? I have not clue. Any opinions.


David

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David_R View Post
Here is a 120 minute chart of Sugar. I've never traded sugar, but I feel a chart is a chart. The background is that it has been in an uptrend and the had a big down bar on very high volume. So the question is, what has been taking place while its been in this sideways range? Is it absorbing the supply that is contained in that big down bar, or is it part of the distribution process? I have not clue. Any opinions.

David

Hello David! I think you definitely have a reaccumulation there.... If I traded sugar I would be looking for a buy.

Laurus

“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
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Laurus12 View Post
Hello David! I think you definitely have a reaccumulation there.... If I traded sugar I would be looking for a buy.

Laurus

Laurus,

Thanks a bunch for that. I saw the strong closes and assumed buying. I did not realize time played a role. I also viewed the rallies as having light volume, so it seemed like mixed info. It will be interesting to see the result.

As far as the selling climax or shake out goes, the term shakeout really is just that, isn't it. The big money want to shake off all the small traders before taking it higher. I guess this is where background really comes into play. Even though the shake out looks weak it is in the context of and uptrend and there as been no follow through.

David

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Some psychology with our Wyckoff


David_R View Post
Laurus,

Thanks. I think this makes sense. Its like you were saying further back in the thread about 6E where I saw weakness and you felt it was an accumulation, or maybe more correctly a re-accumulation.

David

David. Some trading psychology, but I think it fits well into the Wyckoff work we are doing.

As an addition to what I wrote about grading the significance of time frames, I think it is good to have analogies or clear pictures in ones mind as a way of strengthening or backing up ones analysis. For example when we are looking for long positions have our analysis given us a feeling of being fairly secure? Like, do you feel that you have high volume behind your back Supporting you in your long direction? Or the other way around, do you feel that you have high volume giving Resistance behind you guarding and making sure that price do not run off in wrong direction away from your short direction? I emphasize feeling because it tells me how well I live or use my analogy and as an alerter for how well I have done my analysis, or how clear a picture does the market actually give me. If one do not get the feeling of security after going over it one more time, the alert is simply to stay away. Another good thing about the analogies above is that they turn my attention away from "composite operators", "stop hunters" and so, instead they turn things into something positive by giving me a picture of something non human supporting me or backing up my line, and thereby bringing good energy into my trading.

Laurus

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Last edited by Laurus12; January 25th, 2011 at 09:18 PM. Reason: Changing, removing words
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David_R View Post
.... As far as the selling climax or shake out goes, the term shakeout really is just that, isn't it. The big money want to shake off ......

David

That's what I have been told also. Reminds me of the ES on Daily back on May 5th or 6th in 2010.

Laurus

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martied16 View Post
Looks like the GC accumulation pattern failed, or more likely it was not an accumulation pattern. I'm thinking that possibly that the springboard was too soon, that not enough time elapsed for proper accumulation to take place. Or as David_R pointed out it could be re-distribution since it is in a downtrend. Not sure to be honest. Guess I'll be working on my distribution/re-distribution concepts tonight....

Hello Martied. I only have the one picture you posted on the GC, but from this, because of the high activity at the lows with lower volume at next high volume peaks it looks bullish to me. Thinking supply is being removed. As you illustrated it with the long yellow arrow. When it has broken clearly out of range, or looks like it is about to, could you please post it again?

Thanks,
Laurus

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Hey Guys


@Laurus nice one on sugar , as the time thingy is also new to me .. great
thats cool .. as we learn and make steady progress on this awesome concept/method


i wrapped my head arround the re-acc/dist while at work.. and came to the conclusion
that we simply have to analyze each forming trading range from scratch ..

as there is no real crystal clear shematic ,like for accu. and ditribution..

Re-Accu./Dist. can have various shapes and sizes.. as the trading ranges nature..
like wedge, diamond, triangle.. etc...

so we simply have to analyze a forming TR , with our knowledge about effort vs. result, volume, price action,
demand coming in , supply swamping demand.. how price reacts on support/resistance , trendlines and chanels..
etc..

for example on an up trend .. and price starts to stall with or without climactic action , and a TR unfolds..
we have either a Distribution or a Re accumulation .. and if we cant analyze a clear distribution .. and we have signs of strenght coming in.. (demand) .. with several price qactions.. like springs.. and volume increases on upswings
absorbtion , shakeouts .. wide spread up bars.. volume decraeses on down swings .. shortening of the thrusts price closeings cluster on down bars moves.. etc.. you name it

we then can assure that its a re accumulation..

its all about screentime..


as all your points sound valid to me .. and i have found some points to add to the conclusion that waht we see on sugar is likely Re-Accumulation

ok mates take care.

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