Wyckoff Trading Method - Traders Hideout | futures io social day trading
futures io futures trading


Wyckoff Trading Method
Updated: Views / Replies:241,149 / 1,384
Created: by David_R Attachments:696

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 696  
 
Thread Tools Search this Thread
 

Wyckoff Trading Method

  #491 (permalink)
Trading for Fun
Scottsdale
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Favorite Futures: Stocks
 
Posts: 120 since Feb 2012
Thanks: 33 given, 96 received


Gary Fullett View Post
Traders feel that when a market is going to support, that it will break that support. In fact, in an uptrend, this is where strong hands will defend the position, and vice versa in a downtrend. Traders area always thinking breakouts, and that's where your mind can play havoc with you. Funds and specs can make large money in trading breakouts, but this tends to be rare because they tend to get out too early and miss most of the move. If they do catch the move, they always tend to get out too late, when the trend changes. I like to buy in uptrends at support because this is where large interests tend to be as well, and I want to be on the side of trend as often as possible.

Very well said in regards to the thought process when faced with buying a dip on a trend line. I know I speak for myself that I catch myself often not entering the trade "in case it breaks support".

I take it you routinely wait for the creek to be re-tested for support before entering?

Reply With Quote
 
  #492 (permalink)
 Vendor: www.ltg-trading.com 
Chicago, IL
 
Futures Experience: Master
Platform: CQG
Broker/Data: CQG
Favorite Futures: futures
 
Gary Fullett's Avatar
 
Posts: 209 since Feb 2012
Thanks: 84 given, 368 received


Rock Sexton View Post
Very well said in regards to the thought process when faced with buying a dip on a trend line. I know I speak for myself that I catch myself often not entering the trade "in case it breaks support".

I take it you routinely wait for the creek to be re-tested for support before entering?



I wait for creek to be retested for resistance before entering.

There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.
Reply With Quote
 
  #493 (permalink)
 Vendor: www.ltg-trading.com 
Chicago, IL
 
Futures Experience: Master
Platform: CQG
Broker/Data: CQG
Favorite Futures: futures
 
Gary Fullett's Avatar
 
Posts: 209 since Feb 2012
Thanks: 84 given, 368 received

ES daily and 60 min charts


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.
Reply With Quote
The following 3 users say Thank You to Gary Fullett for this post:
 
  #494 (permalink)
Trading for Profit
Chicago + Illinois/USA
 
Futures Experience: Beginner
Platform: ThinkOrSwim
Favorite Futures: Stock
 
StockJock's Avatar
 
Posts: 256 since Aug 2010
Thanks: 15 given, 148 received

Gary,

BAC has been in a range for what seems to be a long time. I've heard that sometimes this type of situation might be a "Bull Trap" where there might be a sudden Bearish move soon. How have you dealt with "Bull Traps" and "Bear Traps"? What's the best way to recognize them?


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by StockJock; March 1st, 2012 at 12:21 PM.
Reply With Quote
 
  #495 (permalink)
 Vendor: www.ltg-trading.com 
Chicago, IL
 
Futures Experience: Master
Platform: CQG
Broker/Data: CQG
Favorite Futures: futures
 
Gary Fullett's Avatar
 
Posts: 209 since Feb 2012
Thanks: 84 given, 368 received


StockJock View Post
Gary,

BAC has been in a range for what seems to be a long time. I've heard that sometimes this type of situation might be a "Bull Trap" where there might be a sudden Bearish move soon. How have you dealt with "Bull Traps" and "Bear Traps"? What's the best way to recognize them?


A market will continue in it's trend direction until you see a supply bar(s) or demand or demand bars. This can be considered a change of behavior of trend. If the subsequent reactions are not with the trend, then this could be considered a possible trend change. So I go with the trend until I see a change of behavior action and the trading afterwards. For example, if the market is in a bull market, it will continue in that market until you see supply (high volume and price range). If the market regains that strength after the weakness bar, then it's considered a shakeout. If the rally back up is weak (lighter volume, smaller price range), then this could be the start of the distribution phase and a possible trend change. So I'm always judging price and volume for strength and weakness.

Gary

There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.
Reply With Quote
 
  #496 (permalink)
Trading for Profit
Chicago + Illinois/USA
 
Futures Experience: Beginner
Platform: ThinkOrSwim
Favorite Futures: Stock
 
StockJock's Avatar
 
Posts: 256 since Aug 2010
Thanks: 15 given, 148 received

On the volume chart, do you use an SMA or an EMA to evaluate the strength of the volume? If so, what period do you recommend for the indicator?

Reply With Quote
 
  #497 (permalink)
Trading for Profit
Chicago + Illinois/USA
 
Futures Experience: Beginner
Platform: ThinkOrSwim
Favorite Futures: Stock
 
StockJock's Avatar
 
Posts: 256 since Aug 2010
Thanks: 15 given, 148 received


Gary Fullett View Post
A trend line is not such a reliable tool with Wyckoff without the use of the reverse trend line. The mirror image of a trend line is a reverse trend line. This shows (reverse trend line) an overbought / oversold condition ONLY, in the channel. It is used as a cautionary line, but does not give a counter-trend signal.

Wyckoff has specific instructions on how to plot a trendline; so from what I'm reading on your response, the reverse trendline is plotted using the same instructions in reverse? Does that mean from the end of the trend back to the beginning of the trend or does it mean from the beginning of the trend, but on the reverse values (high vs low) of the bars. The reason I ask this is because I seem to remember that Wyckoff said that it is important to plot a trend correctly; so I would think that plotting a reverse trend should also be done properly. Like I said, reverse trends are new to me. I would like to find out more about them.

Reply With Quote
 
  #498 (permalink)
 Vendor: www.ltg-trading.com 
Chicago, IL
 
Futures Experience: Master
Platform: CQG
Broker/Data: CQG
Favorite Futures: futures
 
Gary Fullett's Avatar
 
Posts: 209 since Feb 2012
Thanks: 84 given, 368 received


StockJock View Post
On the volume chart, do you use an SMA or an EMA to evaluate the strength of the volume? If so, what period do you recommend for the indicator?

I don't use any moving averages on my volume. It's strictly total volume. I do watch tick volume as well.

Gary

There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.
Reply With Quote
 
  #499 (permalink)
 Vendor: www.ltg-trading.com 
Chicago, IL
 
Futures Experience: Master
Platform: CQG
Broker/Data: CQG
Favorite Futures: futures
 
Gary Fullett's Avatar
 
Posts: 209 since Feb 2012
Thanks: 84 given, 368 received


StockJock View Post
Wyckoff has specific instructions on how to plot a trendline; so from what I'm reading on your response, the reverse trendline is plotted using the same instructions in reverse? Does that mean from the end of the trend back to the beginning of the trend or does it mean from the beginning of the trend, but on the reverse values (high vs low) of the bars. The reason I ask this is because I seem to remember that Wyckoff said that it is important to plot a trend correctly; so I would think that plotting a reverse trend should also be done properly. Like I said, reverse trends are new to me. I would like to find out more about them.




We draw trend lines and reverse trend lines in order to tell us a story. In other words, market behavior. The greater the reaction, the more prominent these lines will be. Wyckoff used horizontal lines to show demand and supply. These parallel channels (trend line and reverse trend line), show us overbought and oversold conditions, and can show us the strength or weakness of a market. They do not show us demand or supply.

If you look at the first chart I posted in this thread yesterday at 10:18am, I indicated the reverse trend line. The trend line was the bottom line, and the two together form the channel.

Gary

There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.
Reply With Quote
 
  #500 (permalink)
Trading for Profit
Chicago + Illinois/USA
 
Futures Experience: Beginner
Platform: ThinkOrSwim
Favorite Futures: Stock
 
StockJock's Avatar
 
Posts: 256 since Aug 2010
Thanks: 15 given, 148 received


Gary,

I found some instructional videos on YouTube on the Wyckoff method of drawing trendlines. Do you have any comments about these videos? Do you have a video that explains trendlines on your website?

How to Draw Trendlines Using the Richard Wyckoff Method - Example 1

How to Draw Trendlines Using the Richard Wyckoff Method - Example 2


Last edited by StockJock; March 2nd, 2012 at 10:45 AM.
Reply With Quote

Reply



futures io > > > Wyckoff Trading Method

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Webinar: Wyckoff Method Tuesday, May 10th @ 4:30 PM Eastern Time DrGary The Elite Circle 23 January 27th, 2016 10:50 PM
TF trading using CCI method-it works ESFXtrader Emini Index Futures Trading 426 December 21st, 2014 07:27 PM
A simple trading method that produces results. kevinhenjum Elite Automated Trading 29 November 9th, 2011 11:00 AM
GomCluster Trading Method RODLM Elite Automated Trading 10 October 28th, 2011 07:05 AM
Is here anybody who is trading Felton method? Experiences? redford007 Trading Reviews and Vendors 3 June 6th, 2011 06:01 PM


All times are GMT -4. The time now is 02:26 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.15 seconds with 20 queries on phoenix via your IP 54.163.209.109