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Wyckoff Trading Method
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Wyckoff Trading Method

  #641 (permalink)
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Gary,

What information should I be looking for in this? This is a chart for bonds, not stocks? Are you looking for an inverse relationship to stocks?



Gary Fullett View Post
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Is there something in your chart that would give an indication of a sudden drop on the 30 Yr Treasury Bond chart?

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Last edited by StockJock; April 4th, 2012 at 11:29 AM.
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  #642 (permalink)
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Does Wyckoff have way to guestimate just how far the Emini NASDAQ100 Futures will drop?

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  #643 (permalink)
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StockJock View Post
Gary,

What information should I be looking for in this? This is a chart for bonds, not stocks? Are you looking for an inverse relationship to stocks?




Is there something in your chart that would give an indication of a sudden drop on the 30 Yr Treasury Bond chart?

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Hi StockJock,

I do not want to be annoying or anything, but all the charts are marked with notes and comments.
I do not understand your question ?

I can only say keep studying the charts and the method. Your efforts will be rewarded, but it takes time and work.

Have you read and watched the videos ? Also tons of great material on wyckoff on the net.

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  #644 (permalink)
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StockJock View Post
Does Wyckoff have way to guestimate just how far the Emini NASDAQ100 Futures will drop?

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Yes with Point and figure charts.
Lots of things to learn about P&F

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  #645 (permalink)
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puma View Post
Yes with Point and figure charts.
Lots of things to learn about P&F

Yes, I'm aware of PnF charts and the count methods, but I have questions such as:
Since Gary is displaying the 60 minute chart, should I use the 60 minute PnF chart to determine the movement?

Quoting 
In Wyckoff's training, it states that in preparing to make the horizontal or vertical counts on a PnF chart; the chart analyst should identify the accumulation or distribution phases on the vertical chart which ever may be the case and determine the points of strength or weakness to initiate the calculation of the counts.

This takes practice to become good at this and I think it is a good topic of discussion in a forum discussing Wyckoff as a topic. In the charts that I've examined both on my trading platform and in discussion forums, these phases appear differently and the points of strength and weakness show up differently.

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Also, on your statement that there's lots on PnF on the web to learn. That is true and this is one of the places. I think the materials you are referring on the web are explanations of the theory and concepts of PnF; however, to actually learn the materials they have to be practiced. If you think that traders discussion forums are not for members to learn and discuss, then maybe you should ask the forum Administrator Big Mike. Gary himself told me in an earlier post that I could ask any question and he would try to answer it.

You'll find that on many of the traders' forum there are members of various levels of competence and are probably afraid to ask questions like mine, because of responses like yours. If Big Mike would be so kind as to define the level of competence that we should use in his forum, I will comply. The Wyckoff method is rather complex and possibly some questions may seem too elementry.


Last edited by StockJock; April 4th, 2012 at 03:17 PM.
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  #646 (permalink)
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SJ,

I feel that all questions are valuable and should be asked. I think that Puma was responding to your first question about the Bonds, when he said that Gary puts notes on the drawings. I still feel it was a valid question because Gary did say that Bonds were approaching broken Ice which coincided with a supply bar to the left. The question if ..."is there anything on the chart that indicates a drop..." is a valid question in my opinion. Yes, the instrument is approaching broken Ice. Does that mean take a trade there? I think the question is valid from the stand point what to look for when approaching the broken Ice. It could be narrow spreads. It could be low volume, or weak rally. It could be a rejection at the level such as a reversal bar. I don't know. This is part of the complexity of the method in my eyes. How to enter, when to enter and where and based on what?


As far the the potential distance it can go, we never do really know, do we. Is it a good strategy to calculate potential targets based on Pnf and let it go? Is it better to have a R:R plan? In other words, if the trade is risking 1$ should my min target be $2 or $3. Maybe back to the opposite end of the range?

These are all things I wonder about myself.

David

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Chart Reading Course

If anyone is interested Dr. Gary Dayton from tradingpsychologyedge.com is starting his Chart Reading Mastery Course today after the marke close. It is an 8 week course on reading the market by its own action. It it a Wyckoff based course and I've taken it before and am taking it again. If you can't attend the sessions live it is recorded and you can watch the recordings and do the homework. I do not benefit from this in any way. I just feel the course is very good and helpful.

David

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  #648 (permalink)
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There lots of materials on the internet about Wyckoff that includes explainations of the method as well as discussions in forum, but there's not much in the detail of the method as covered in the Wyckoff Stock Market Institute training. Their website seems to indicate that the materials have been rewritten or reformatted into their latest editions. Has anyone purchased and studied SMI's course materials? Does anyone know that SMI has a newsletter from their blog Studying the Wyckoff Wave?

I'm sure that Dr. Gary Dayton's seminars are good. Gary Fullett and David H. Weis also have excellent seminars. Dr. Hank Pruden has academic classes in Wyckoff's method at the Golden Gate University School of Business in San Francisco. Both Dr. Dayton and Dr. Pruden also include trader psychology in their training which is also very important. I think it would be good to learn from all of them.


Last edited by StockJock; April 4th, 2012 at 03:07 PM.
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re

Guys, I ment to say, we get very valuable posts here, which are worth to study.

In the end nobody can teach one trading but oneself, even with the help of mentors / tudors etc..

I did not understand much of Gary & other Wyckoff trader before I had not learned the basics .
Now I feel the work is wonderful.


-------

StockJock

be carful with NinjaTrader P&F intraday charts. They are wrongly constructed by Ninja.

They know it but dont care. The session end starts a new P&F Box , which is wrong.

P&F charts based on daily are ok as far as I know.

--------

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StockJock View Post
There lots of materials on the internet about Wyckoff that includes explainations of the method as well as discussions in forum, but there's not much in the detail of the method as covered in the Wyckoff Stock Market Institute training. Their website seems to indicate that the materials have been rewritten or reformatted into their latest editions. Has anyone purchased and studied SMI's course materials? Does anyone know that SMI has a newsletter from their blog Studying the Wyckoff Wave?

I'm sure that Dr. Gary Dayton's seminars are good. Gary Fullett and David H. Weis also have excellent seminars. Dr. Hank Pruden has academic classes in Wyckoff's method at the Golden Gate University School of Business in San Francisco. Both Dr. Dayton and Dr. Pruden also include trader psychology in their training which is also very important. I think it would be good to learn from all of them.

-----

SMI course is the bibel on Wyckoff - I was lucky to study it.

The SMI Newsletter is ok but talks mostly about Wyckoffwave (is an stock index). So can be confusing if you try to transfer it to, say ES.

Gary Fullett and David Weis - what do you need more .

Also , there are academics and there are practitioners - one need a bit of both IMO.


Last edited by puma; April 4th, 2012 at 03:56 PM.
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