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


Wyckoff Trading Method
Updated: Views / Replies:250,115 / 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 – 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 don’t 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

  #741 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received


Warren View Post
Muscleman,

Eight months had expired before ES price action approach the area in question. This may explain your question.

Can a person really call this a retest? And yes, it's testing the 1350 area again. So is a test = to a retest?

Eight months of price action, fundamental pressures, political and everything thing else has taken place so the ES is likely a different animal as it approaches the 1350 area again, IMO.

I don't really have a set TIME rule when price test an area and then returns to re-test the same price area. Maybe Gary F or a better Wyckoff guru could shed light when too much time has elapsed before a retest loses it's significance.

i would guess that price action at a certain location is always valid regardless or time duration..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #742 (permalink)
Elite Member
East Central Kansas,USA
 
Futures Experience: Intermediate
Platform: TOS, AmiBroker
Broker/Data: IB & TDAmeritrade
Favorite Futures: ZF, ES, stocks
 
Posts: 6 since Dec 2011
Thanks: 77 given, 5 received


madLyfe View Post
i would guess that price action at a certain location is always valid regardless or time duration..

Madlyfe,

My understanding is that Wyckoff really focused on the retests for his favorite trade setups. An example is when price jumps the creek area and then backs up(down in price) to the creek area on low volume. This I believe was a favorite setup for Wyckoff.

One has to view or analyze volume - relative - to other price action in the area in question. Relative to me, means to compare volume on the jumping of creek, then compare volume on the back up to the creek. This all takes place within the particular cycle trend in question.

To me, ignoring the elapse of time during price testing, retesting analysis could be misleading.

If a person should ignore elapse of time between tests and retests, then that's like saying, comparing volume on IBM stock back in the 1960's at a certain price level is valid to compare it to today's volume price action. We know this doesn't cut mustard logic. There's more traders, likely more stock issured, etc..

I've had a hard time wrapping my head around "relative volume" and comparing it to the comparable area in question during analysis.

Reply With Quote
 
  #743 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received



Warren View Post
Madlyfe,

My understanding is that Wyckoff really focused on the retests for his favorite trade setups. An example is when price jumps the creek area and then backs up(down in price) to the creek area on low volume. This I believe was a favorite setup for Wyckoff.

One has to view or analyze volume - relative - to other price action in the area in question. Relative to me, means to compare volume on the jumping of creek, then compare volume on the back up to the creek. This all takes place within the particular cycle trend in question.

To me, ignoring the elapse of time during price testing, retesting analysis could be misleading.

If a person should ignore elapse of time between tests and retests, then that's like saying, comparing volume on IBM stock back in the 1960's at a certain price level is valid to compare it to today's volume price action. We know this doesn't cut mustard logic. There's more traders, likely more stock issured, etc..

I've had a hard time wrapping my head around "relative volume" and comparing it to the comparable area in question during analysis.

what about comparing big round numbers.. those will always be there no matter how far into the future..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #744 (permalink)
Elite Member
East Central Kansas,USA
 
Futures Experience: Intermediate
Platform: TOS, AmiBroker
Broker/Data: IB & TDAmeritrade
Favorite Futures: ZF, ES, stocks
 
Posts: 6 since Dec 2011
Thanks: 77 given, 5 received


madLyfe View Post
what about comparing big round numbers.. those will always be there no matter how far into the future..


Yes, those big round numbers will always be there but we are comparing relative volume and price action at those levels.

Let me ask this for example, if ES hit's resistance during the day session, then how does it break that price level in after hours trading on alot lower volume? It doesn't always break that level after hours but it does at times.

If all a person had to do was find the highest volume area for resistance or support and then wait for price to test that area again on low volume, and shazam, take a trade should work every time, right? Nope.

Reply With Quote
 
  #745 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received


Warren View Post
Yes, those big round numbers will always be there but we are comparing relative volume and price action at those levels.

Let me ask this for example, if ES hit's resistance during the day session, then how does it break that price level in after hours trading on alot lower volume? It doesn't always break that level after hours but it does at times.

If all a person had to do was find the highest volume area for resistance or support and then wait for price to test that area again on low volume, and shazam, take a trade should work every time, right? Nope.

i understand what your saying, but like you mention its hard to know when, but especially why it will hold from the past.. if the big boys are just testing the area looking for supply/demand knowing they just want to break through it at some point could be reasoning.. which is on point with what you are saying, but significant highs or lows from long ago(im not sure what the time frame would be) will still hold equal merit if for nothing else than the big boys dont know how that price is going to be perceived by the mkt..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #746 (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, 369 received


Warren View Post
Muscleman,

Eight months had expired before ES price action approach the area in question. This may explain your question.

Can a person really call this a retest? And yes, it's testing the 1350 area again. So is a test = to a retest?

Eight months of price action, fundamental pressures, political and everything thing else has taken place so the ES is likely a different animal as it approaches the 1350 area again, IMO.

I don't really have a set TIME rule when price test an area and then returns to re-test the same price area. Maybe Gary F or a better Wyckoff guru could shed light when too much time has elapsed before a retest loses it's significance.



The stock market volume in general has been lighter over recent years. The reason could be that there are fewer speculators in the market and more institutional traders. Either way, this has been the pattern lately. Retests can occur in a matter of minutes or a matter of years. For example, the S&P, during the high of the dot com era, retested seven years later. Conversely, the Nasdaq has only recovered one half since the dot com bubble. So you never know when and if a market will have a retest, but as you can see, it can take a very long time. That length of time, does not decrease it's significance. In fact, the longer the time to retest, the more potential cause is built. So the longer the retest, the more significant the retest.

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
The following 3 users say Thank You to Gary Fullett for this post:
 
  #747 (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, 369 received

ES daily

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 4 users say Thank You to Gary Fullett for this post:
 
  #748 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received


traveller View Post
Excellent Books.

Personally I would read Undeclared secrets of the stock Market rather than Master the Markets, also by Tom Williams- it just cuts through all the Trade guider references and outlines the main concepts in a clear structure. MTM tends to be about a particular product- that of Tradeguider. However if you decide to go the VSA route (which I would not recommend) Tradeguider (Google it) has hundreds of resources (often free), videos, courses, information and of course the program.

Regards

where are you finding all those resources on tradeguider? i cant seem to find any that are free?

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #749 (permalink)
Make it count
Vancouver, Canada
 
Futures Experience: Beginner
Platform: SC
Favorite Futures: Guitar
 
traveller's Avatar
 
Posts: 118 since Mar 2012
Thanks: 222 given, 179 received


madLyfe View Post
where are you finding all those resources on tradeguider? i cant seem to find any that are free?

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


http://www.forex-central.net/video-volume-spread-analysis-VSA.php

Try these to start with.

Traveller

Reply With Quote
The following user says Thank You to traveller for this post:
 
  #750 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received



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


Try these to start with.

Traveller

ah ok i thought you were talking about from their site..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

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 08:39 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 2017-12-16 in 0.16 seconds with 20 queries on phoenix via your IP 54.160.245.121