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Wyckoff Trading Method
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Wyckoff Trading Method

  #201 (permalink)
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David R pretty much summed it up ..


just a nice shematic where to find trades ...

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  #202 (permalink)
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PrymeTyme View Post
David R pretty much summed it up ..


just a nice shematic where to find trades ...


First time i saw a schematic like that was in Gary Daytons course. He calls it a conceptual map of the market. I think its worth reviewing no matter how one trades. If you look at charts where you can see a lot of the activity (not zoomed in) you will see the components of this schematic.

David

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  #203 (permalink)
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Hi David


how did u like the sessions with gary ?

i think i will start a 1 on 1 with dr gary in the near future ...

cheers

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  #204 (permalink)
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PrymeTyme View Post
Hi David


how did u like the sessions with gary ?

i think i will start a 1 on 1 with dr gary in the near future ...

cheers

Pryme,

I took the 8 Week chart reading series, so it was not one on one, but still thought it was excellent. He always takes the time to answer questions. He intends to spend about 90 min each week, and didn't care if he went over and he usually did. He encouraged us to annotate charts each week and send them to him which he reviewed. some he commented on in the class and some he would get back to you via email. I think he enjoys the subject and is a good teacher. I may do some one on one as well. In the mean time he also has some recorded webinars on Springs and Upthrusts as trade setups. I bought those as well. I think they were $70 each or something.

David

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  #205 (permalink)
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Es 5 min

1) Supply bar
2)Supply bar.
3) result doesn't match the effort this range is not wide like bars 1 and 2
4) reaction high.
5)Lack of sellers.
6-14) New trading range.Sel 8 closed at breakeven etc etc The trading range is forming the cause.
6) close above the spring
15 Test of the spring.Icrease of the volume the market must to go down.But the result doesn't match the effort.Increase in volume.
16 Lack of sellers the bar went down and closed up.
17) SoS.
18) Sellers are defending the creek.
20) JOTC
But No retest of the creek

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  #206 (permalink)
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Charlie D View Post
1) Supply bar
2)Supply bar.
3) result doesn't match the effort this range is not wide like bars 1 and 2
4) reaction high.
5)Lack of sellers.
6-14) New trading range.Sel 8 closed at breakeven etc etc The trading range is forming the cause.
6) close above the spring
15 Test of the spring.Icrease of the volume the market must to go down.But the result doesn't match the effort.Increase in volume.
16 Lack of sellers the bar went down and closed up.
17) SoS.
18) Sellers are defending the creek.
20) JOTC
But No retest of the creek

Hi Charlie D,

Nice charts. I made some additional comments as to some things I saw.

David

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  #207 (permalink)
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Bonds...

M,

You had posted about bonds were short. I hope that trade worked, but I'm wondering if it is setting up to move higher. I wonder this because of the long term sloping uptrend line it hit and its behavior. I show a wide view and then a close up view with a few marked bars. It could be a spring and the last few days have me wondering if it is being supported. In time we will know.

I do show a MACD. I know this is Wyckoff, but sometimes its interesting to see what an indicator will tell you. Since it is diverging at support it may have some value. I guess we do see that in the chart with SOT.

David

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  #208 (permalink)
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SPY

Hi


now i will continously analyze an post the progress of SPY ..


starting with the 5min chart of SPY

we are in a steady upmove . and to mee this looks like the start of re accumulation . as we ran into supply earlier
and as the SM withdrew from trading price made no real advance.. so there is no demand from the public either..

so supply and demand from the weak holders is mostly in equibilirium .. wich measn the SM has to jump in and create
a cause wich is in favour of there position ... so they have to stir up the dullness...
at the top of the channel...


on the orange horizontal line labled as Absorbtion

we have

1. a average spread down bar on very high volume closing near its lows. but right at a previous support area...
2. a wide spread down bar wich rallied above bar 1 and closes nearly at the same level as bar 1 on slightly lower volume then bar1 but still high... as we have whitnessed two high volume down bars but with no real progress to the down side.. someone is stopping it from falling lower..

3. this wide spread down bar . actually falls below the former support area.. but falls of volume . and closes at its highs... so there is demand.. and price holds the level.. for the time beeing..


4. again high volume on an avergae down bar .. with its closes at the lows.. but above bars 1,2,3..





at the test area of supply .. we se that spreads get narrower . price stalls.. so demand and supply are in equibilirium.. here.. an indication for the SM .. to shake on the tree.. to cause and imbalance.. wich is in there favour... ie. removing supply .. and creating demand..


so they start a shakeout

on bar 5 wide spread down bar on increased volume .. price reaches the level of previous absorbtion
.. here we could say that the SM is buying into the down bars to prevent a panicky situation wich they couldnt control anymore... so they will sell back into the technical rallie.. to make it a kinda like soft shakeout...

then we whitness a climactic action on bar 6 with a bar on high volume closing well of the lows...
supply gets absorbed..

we rallie back to the lower channel line.. as bar 7 on small spread but high volume shows .. that
someone is buying here again

bar 8 is a retest of the climactic action .. wich closes of the lows.. so a succesfull retest of the climactic action..

then a rallie back into the channel unfolds .. as bar 9 on high volume closing on its lows.. shows supply swamps the market.. but with th next bar beeing an upbar.. someone absorbed that supply...

with bar 9 beeing that high in volume .. we can come to the conclusion that alot off weak bull have thrown in there towell creating weak supply wich was absorbed by teh SM as planned... and that all on a level of previous absorbtion.... at about the same time weak bears wich got sucked in at the shakout .. also got anixous .. as price
stalled.. and wont move further down got stopped out .. or did it manually.. adding to demand....

hence the ultra wide up bar on ultra high volume 10... well as it closes of its highs .. we can say that supply hits the market here.. again...

will be interresting to see .. the reaction after that bar...

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  #209 (permalink)
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Bonds

Bonds moved up strong. Still has resistance above. High vol too.
D

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  #210 (permalink)
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PrymeTyme View Post
Hi


now i will continously analyze an post the progress of SPY ..


starting with the 5min chart of SPY

we are in a steady upmove . and to mee this looks like the start of re accumulation . as we ran into supply earlier
and as the SM withdrew from trading price made no real advance.. so there is no demand from the public either..

so supply and demand from the weak holders is mostly in equibilirium .. wich measn the SM has to jump in and create
a cause wich is in favour of there position ... so they have to stir up the dullness...
at the top of the channel...


on the orange horizontal line labled as Absorbtion

we have

1. a average spread down bar on very high volume closing near its lows. but right at a previous support area...
2. a wide spread down bar wich rallied above bar 1 and closes nearly at the same level as bar 1 on slightly lower volume then bar1 but still high... as we have whitnessed two high volume down bars but with no real progress to the down side.. someone is stopping it from falling lower..

3. this wide spread down bar . actually falls below the former support area.. but falls of volume . and closes at its highs... so there is demand.. and price holds the level.. for the time beeing..


4. again high volume on an avergae down bar .. with its closes at the lows.. but above bars 1,2,3..





at the test area of supply .. we se that spreads get narrower . price stalls.. so demand and supply are in equibilirium.. here.. an indication for the SM .. to shake on the tree.. to cause and imbalance.. wich is in there favour... ie. removing supply .. and creating demand..


so they start a shakeout

on bar 5 wide spread down bar on increased volume .. price reaches the level of previous absorbtion
.. here we could say that the SM is buying into the down bars to prevent a panicky situation wich they couldnt control anymore... so they will sell back into the technical rallie.. to make it a kinda like soft shakeout...

then we whitness a climactic action on bar 6 with a bar on high volume closing well of the lows...
supply gets absorbed..

we rallie back to the lower channel line.. as bar 7 on small spread but high volume shows .. that
someone is buying here again

bar 8 is a retest of the climactic action .. wich closes of the lows.. so a succesfull retest of the climactic action..

then a rallie back into the channel unfolds .. as bar 9 on high volume closing on its lows.. shows supply swamps the market.. but with th next bar beeing an upbar.. someone absorbed that supply...

with bar 9 beeing that high in volume .. we can come to the conclusion that alot off weak bull have thrown in there towell creating weak supply wich was absorbed by teh SM as planned... and that all on a level of previous absorbtion.... at about the same time weak bears wich got sucked in at the shakout .. also got anixous .. as price
stalled.. and wont move further down got stopped out .. or did it manually.. adding to demand....

hence the ultra wide up bar on ultra high volume 10... well as it closes of its highs .. we can say that supply hits the market here.. again...

will be interresting to see .. the reaction after that bar...

Pryme,

Nice job on SPY. You hit it dead on. Also a nice ABC into the resistance. I may have seen this as bullish because further back it looked like a Spring at support. I would think the up bar on high volume is demand coming in. I guess the tip is the close off the high?

David

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