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Wyckoff Trading Method
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Wyckoff Trading Method

  #341 (permalink)
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I was incorrect in my assumption. I do see another major difference now.

Monkey Bars expanded moves to a new row depending on the time your chart is oriented with.
i.e. On a daily chart, a new row is created every day whereas on a PnF chart, a new row is only created
on a reversal. The difference between the classic PnF and the Wyckoff PnF is that Wyckoff requires
there to be at least 2 figures in each row before moving to the next row on a reversal. The Original PnF
chart does not require 2 figures in each row.

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  #342 (permalink)
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Massive,

I can see that the chart does look very close to a PnF chart. It seems that all the time that the ThinkOrSwim programmers put into these Monkey indicators, that they could have given us the PnF charts. One of the replies that I received from TOS Tech Support stated that there are not enough users requesting PnF charts for their programmers to provide them. I wonder how many ThinkOrSwim traders using the Wyckoff method would like to send their request to them to provide PnF charts in TOS?

Thanks for showing me your charts, Massive.

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  #343 (permalink)
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video for June 22, 2011




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  #344 (permalink)
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Not 100% sure this is Wyckoff. If you compare bar 2 volume to bar 1, its lower. To me this would be a buy.

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  #345 (permalink)
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ctmvas View Post
Not 100% sure this is Wyckoff. If you compare bar 2 volume to bar 1, its lower. To me this would be a buy.


Wyckoff would be looking at more than just comparing volume to two bars. The volume comparison by itself would be more of a VSA (volume spread analysis) approach, but even with VSA you need to look at more than just the volume of the bar.

With Wyckoff you need to look at market structure or trend. In the chart you show it is clearly in a down trend, so a long based on two bars would be a bade idea. You have a very wide spread down bar on high volume. Supply is in control. The rally back into that area is on much lighter volume and you get a 2 bar reversal in that area. A change may be taking place as you get shortening of the thrust or a wedge type pattern forming at the lows. Volume is falling off to the down side and the spreads are getting more narrow. You also have a 3 pushes pattern at the lows where the lows are less far apart from one another. This gives the shortening of the thrust and is an indication of dying momentum.

So, no long trade where you mention, but a short. The long comes around where the test bar is that I point out.

David

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  #346 (permalink)
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Video June 23, 2011

A look at Crude, ES, ZN and 6E



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  #347 (permalink)
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Euro 6-24-11

Hi David_R,

Thanks for sharing the videos.

Again, I am not trading live. Just trying to learn as much as I can.

Have a nice weekend.

Regards,
emini

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  #348 (permalink)
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Euro 6_24_11

Hi David_R,

On an intraday trading basis, would you consider the close of this bar an authentic Wyckoff entry? Note the supply volume on this bar is > the prior three bars. We are also at or near resistance.

I'm just trying to learn and understand where and why to enter on legit Wyckoff entries. Thanks for your time and assistance.

emini

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Last edited by eminitrdr; June 24th, 2011 at 08:53 PM. Reason: spelling correction
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  #349 (permalink)
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Looks closer to a short entry to me. (although with my style I wouldn't necessarily enter exactly there)
That bull rally was all on weak volume.
The last red bar is higher in volume than all three of the previous blue bars.
The trend is still down although I do see a slight shortening of the thrust.


Maybe David can correct me or add more insight. I'm not an expert in Wyckoff.
I use Wyckoff methods in my trading but I usually only skim books when I read them.

Personally, I'm more of a volume profiler than anything

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June 24 video


By request, the Euro in detail and a few other markets.

David



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