Just found my way over to this site from a recco on NinjaTrader's forum. I've not had a chance to read through the thread properly yet - but looking forward to it! - other than a few quick posts, so please forgive me if I'm about to mention 'old hat'. If anyone is looking for applied Wyckoff on current charts, I would recommend Gary Fullett at ltg-trading. He does free weekly webinars on a Sunday evening as well as more in-depth 'special' webinars several times a month. I have to say I've learned a lot from him.
I use Wyckoff for structure, blended with VSA (I run the TradeGuider plug-in on NT7), but I will be looking back over your Weis wave charts with interest, David R., as I have been contemplating adding the plug-in as a compliment. Have been holding off though as Gary has some new Wyckoff/Volume Wave software due out very soon, so want to check that out first. TraderGuider (VSA) also do free webinars which is where I first encountered David Weis demonstrating his wave software.
Hope I've not been a bore!
The following 3 users say Thank You to SisyphusStone for this post:
Nice chart. I believe that one should not buy the first rally from weakness. One should wait for a successful secondary test.
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.
The following 2 users say Thank You to Gary Fullett for this post:
weekly chart. hahaha bar is bag holding or shortening of the downward thrust sell all what you want and i will buy it
The next bar is able to do D/S demand overcame supply Because has a wide range and the volume increased in to the up side.
The range is small the wide range on the left has very less volume so they stepped in.
The famous Midas touch.
The old top has huge volume so if we want to break it we need more volume to JUMP over the TOP The new top has less volume(no fuel) thats why we didn't break out.
PS EUR/USD さようなら Draghi we will defend the Euro
Gary it's nice to see Wyckoff still working from 1920 in this World of Algos and Robots. http://www.nyxdata.com/Data-Products/Product-Summaries
Last edited by Charlie D; November 5th, 2012 at 03:10 AM.