Yes, there are a number of avenues to study. For Dr. Pruden's work you need to have prerequisites under your belt to take his Wyckoff classes, I think. He also has a seminar that is either a weekend or more, but it was over $4000. Too rich for me. I'm sure Gary F. has seminars, but I did not know about him and what he offered until he started posting here. I have David Weis's DVD set when he was a guest with A. Elder. It is good, but not in depth. Gary D. course it fairly in depth. He spends a lot of time on market structure. This is something I never even used to consider, but you can gain a fair amount of insight from the structure. I'm not trying to sell anyone, just puting it out there. In the end it takes a lot of chart time and practice.
If I'm not mistaken, the Wyckoff method is to help traders see the footprints of the market manipulators by using both the price and volume of the trading instrument. So I'm researching and studying resources that reveal strategies used by these manipulators and relating them to what I see on the charts. I seem to remember when viewing some of Gary Fullett's online video lectures that he sometimes makes brief remarks as to what these manipulators are doing at certain points on his charts.
David, the guy charges $150/hour and it is a group training. That's not 8 weeks of training either but 8 sessions. Seriously, what can you learn within 12 hours? Is he a dream merchant? Curious to see that many trading gurus are Doctor.
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Has the SMI Tape Reading Course recently been added or has it always been there? Does SMI have people to answer simple questions like mine? It looks as though they restructured their courses. How long do they give you to complete the course?
No, I don't think he is a dream merchant. He doesn't make any promises and clearly states that what he teaches takes work and practice. I hear what you are saying about him being a trading guru. I think we all need to decide for ourselves what we are willing to do to learn. Its true that we need to pay for the time he puts in to present, but at least he is not selling thousands of dollars of indicators. True, it is only 8 sessions and comes to 12-16 hours or so, but a lot of the work needs to be done after the class. Looking at charts and trying to find the same kinds of indications over and over again. I don't know if the same info in a similar format is available at a lower cost. Maybe i should get the Wyckoff book. Some books don't make the information understandable, or easier to understand.
I also think if money is an issue GD will be flexible in the cost of the class. When I first took it I paid less and everyone was saying it he should charge more.
When I see others out there charging $7500 for 4 day mentorships that also sell indicators, that makes me more uncomfortable than someone teaching chart reading.
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Let's leave all vendor reviews out of this thread.
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The markets have been focused with the Fed doing QE3. This has added liquidity to both bonds and stocks, which has caused them to rally over the past many months. Without the liquidity pumped into the market, the market is forced to stand on it's own. So then the markets will be focused on the economy versus the Fed printing money. This most likely will allow bonds to go lower in favor of buying stocks.
Not necessarily a sudden drop, but more of a trending down move.
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.
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