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Wyckoff Trading Method
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Wyckoff Trading Method

  #921 (permalink)
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StockJock View Post
Thanks. Let us know if it gets scheduled.

Do you have a link to subscribe to his newsletter?

SJ - you can find it at weisonwyckoff.com and there's an archive there too. For standard PnF du Plessis' book 'The Definitive Guide to PnF' is excellent: lots of examples and clear and concise. Also Weis has a new book out on Amazon in a few weeks time.

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  #922 (permalink)
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Db,

It seems like others who write about Wyckoff's method can't resist adding a little of their own interpretation and we tend to think that it's Wyckoff's teaching. So it would seem that to learn the pure Wyckoff method would be to read only those publications that are specifically published by Wyckoff himself.

DbPhoenix View Post
Not to be dismissive, but this isn't something I want to get into. I've pointed out some of the differences between W's own work and the work of the adapters and modifiers but there's no point in picking on anybody. If one wants to trade Wyckoff, he'll not only read Wyckoff but engage it: read it, study it, play with it, practice with it, trade it, evaluate it. If he'd rather work with VSA or Evans or SMI or whoever or whatever, that's perfectly okay by me. My only concern is that he not believe that he's working with Wyckoff. That just muddies the water.

What would you say about the 5 Step Method? Is that the SMI method?

Quoting 
Step 1:
Identify the trend and the position within that trend of the general market.
Step 2:
Select those stocks that are in harmony with the market, in a bull market stronger, in a bear market weaker, using the idea of relative strength.
Step 3:
Select those stocks that have built a cause for a potential move in keeping with our goals. Use point and figure charts to determine how far the stock is likely to move.
Step 4:
Determine the stock’s readiness to move and then analyze the vertical and figure charts with the help of the Nine Buying and Selling Tests.
Step 5:
Time your commitments with a turn in the general market using the three laws that govern all market behavior.

Wyckoff's Method of Tape Reading


Last edited by StockJock; January 4th, 2013 at 12:30 PM.
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  #923 (permalink)
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Interesting. I have been on the SMI newsletter list for a while now and you might also find this useful. Studying the Wyckoff Wave. Jim O'Brien from SMI posts his charts and he discusses his detailed analysis of these charts using the SMI/Wyckoff method.


SisyphusStone View Post
SJ - you can find it at weisonwyckoff.com and there's an archive there too. For standard PnF du Plessis' book 'The Definitive Guide to PnF' is excellent: lots of examples and clear and concise. Also Weis has a new book out on Amazon in a few weeks time.


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  #924 (permalink)
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StockJock View Post
Db,

It seems like others who write about Wyckoff's method can't resist adding a little of their own interpretation and we tend to think that it's Wyckoff's teaching. So it would seem that to learn the pure Wyckoff method would be to read only those publications that are specifically published by Wyckoff himself.

I agree.



StockJock View Post
What would you say about the 5 Step Method? Is that the SMI method?

In part. Determining the status of the group of which the stock is a part is also a key element of W's approach. But, you have the course, so why not Ctrl+F it and look, for example, for "law"?

As for goals, this is how I put it in the Introduction to the Wyckoff Forum:
Wyckoff sought to develop a comprehensive trading system which (a) focused on those markets and stocks that were “on the springboard” for significant moves, (b) initiated entries at those points which offered the highest probability of success, and (c) exited the positions at the most advantageous time, all with the least possible degree of risk*. His favorite metaphor for the markets and market action was water: waves, currents, eddies, rapids, ebb and flow. He did not view the market as a battlefield nor traders as combatants. He counseled the trader to analyze the waves, determine the current, “go with the flow”, much like a sailor. He thus encouraged the trader to find his entry using smaller “waves”, then, as the current picked him up, ride the current through the larger waves to the natural culmination of the move, even to the extent of pressing one’s advantage, or “pyramiding”, as opposed to cutting profits short, or “scalping”.
So I guess you could call that three. But there's more than one way to say the same thing.




I see you've posted a pdf of the first part of the course. I should point out, though, that the title is actually The Richard D. Wyckoff Method of Trading and Investing in Stocks (about 400 pages). The tape reading part, the second part, is called The Richard D. Wykcoff Method of Trading in Stocks: A Course of Instruction in Tape Reading and Active Trading (about 97 pages).

There are parts of the course which one can skip, of course, unless one doesn't know what a chart is. And I question the value of maintaining a "Wyckoff Wave". But that's just me.

Db

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  #925 (permalink)
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StockJock View Post
Interesting. I have been on the SMI newsletter list for a while now

im sure im being blind here but where is the newsletter signup for SMI?

or are you talking about the week in review archives?

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  #926 (permalink)
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im sure im being blind here but where is the newsletter signup for SMI? or are you talking about the week in review archives?

There are two ways to subscribe. One is an Email subscription and the other is an RSS subscription.

Link: Wyckoff Market Letter

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Link: Wyckoff Wave Week in Review |

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  #927 (permalink)
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an intra day wyckoff trading

took an intra day wyckoff trading

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Hi, How did you get HLC bars in Ninja Trader?

Thanks,

Tom

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  #929 (permalink)
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Hi guys,

Many of you know @t123knight from his fantastic Wyckoff journal on futures.io (formerly BMT). He'll be doing a webinar presentation next week on futures.io (formerly BMT), here is the thread for that:

https://futures.io/elite-circle/25720-webinar-t123knight-wyckoff-speculator.html

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ES intraday


intraday ES has bigger supply than before, now let's see if demand resume...

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