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Wyckoff Trading Method
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Wyckoff Trading Method

  #351 (permalink)
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eminitrdr View Post
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

Emini,

I marked up a chart with what see. As I say in the chart, i think the entry could be lower, but as Massive said, it is in a down trend and you are at the demand line and horizontal resistance, plus the volume is light on the rally. I didn't point that out. Good catch. The question is, is the volume light because its the end of the day? Also, this is a 5 min, so higher time frame support could turn the market. And with the high volume coming in at support and no follow through, I would wonder if the down move is over. That is partly why I like to enter at the support if I can. You can scale out part of the position and move the stop to B/E and if it breaks you are golden and if it comes back and stops you out you still make something on the trade. This is all hind sight of course. Its really best to trade what you see in front of you. I hope this is all clear.

David

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  #352 (permalink)
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David, what do you use to mark up the charts? It doesnt look like microsoft paint..

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  #353 (permalink)
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ctmvas View Post
David, what do you use to mark up the charts? It doesnt look like microsoft paint..

I use snag it with snag it editor.

D

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  #354 (permalink)
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June 27 Video

Wyckoff video for Monday. A look at CL and 6E.

David




Last edited by David_R; June 28th, 2011 at 01:37 AM.
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  #355 (permalink)
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Video for June 28, 2011

A look at CL and the ES.

David



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  #356 (permalink)
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Video for June 29, 2011

This video is long. Its 30 minutes. I look at Crude, euro and the ES and also look at ways to use the information to make trade decisions. I know without indicators to assist it can be difficult. Since this is a Wyckoff Thread i don't really want to get into using indicators, so I spend time on other ways to use the info to enter.

David



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Video for June 30, 2011

Final video.



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Once again, kickass videos. Thank you for the analysis using the Wyckoff trading method!

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Great job David.

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