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Wyckoff Trading Method


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Wyckoff Trading Method

 
 supermht 
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Gary Fullett View Post
If a market tests an area of resistance and does not react with selling, and the bars at that resistance tend to be mid-range to higher mid-range, the odds greatly increase that this is absorption and will go higher. There's no set amount of bars, but it's the action around that bar that are key. Because if strong hands are to defend resistance, we should see evidence of selling. If not, they do not have an interest in selling and usually this means higher prices. In the case of this chart, we clearly see that.

The safer trade would be a move above resistance and to buy a retest back to support. If you are able to identify this as absorption, a more aggressive style would be to buy and place an appropriate stop. Keep in mind, there are no set rules, but we try to look at the market's "story" and gain as many pieces of information as we can, by using price, volume, and the speed of any reaction.

thank you so much for the clarification, as long as I don't identify selling during consolidation near resistance, that is absorption, and I will wait for retest this area to enter trade.

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 supermht 
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I am waiting for Supply Bar or upthrust

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supermht View Post
I am waiting for Supply Bar or upthrust


Correct. Be patient and wait for a possible supply bar. You don't have to catch a "top". The idea is to have a proper and hopefully profitable trade.

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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Charlie D
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A sort of Prof. A. Weiss Chart. Homeworks.
Gary you know streght appears on down bars I'm kidding.

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Charlie D View Post
A sort of Prof. A. Weiss Chart. Homeworks.



Great chart! Extremely well labeled. Thank you!

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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 supermht 
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hi, Gary, I mentioned OKR on daily chart a few days ago, now we have down thrust with volume, is this confirmation of downtrend ?

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supermht View Post
hi, Gary, I mentioned OKR on daily chart a few days ago, now we have down thrust with volume, is this confirmation of downtrend ?

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The longer term trend has been down with a weak background. The rally in this downtrend seemed to have stopping action to the area you described. So with this behavior, it appears we should be going lower.

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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 supermht 
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US dollar, 60 minutes

seems SOT forming

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 David_R 
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What does OKR stand for?

Gary, is the term "Hinge" a Wyckoff term. What is the meaning or interpretation of a Hinge? Is it like on the spring board?

D

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 supermht 
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hi, David, Gary will have better answer, my understanding is:

OKR: outside key reversal

Hinge, is like bull flag, bear flag, or absorption.

Gary , please correct me if I have wrong answer.


 



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