A Weis/Wyckoff trading journal

May 18th, 2023, 06:51 AM

I was mentored by David Weis, busy with work for years, decided to trade again.
I day trade commodities in China, which are usually tiny future contract, mostly RB(Rebar).

I look on charts for:
Support and Resistent
Trend lines
SOT (shorting of thrust)

The setups I decided to confine are:
1. Spring
2. Upthrust
3. Test of breaks
4. Light pull back after COB.

My problems:
1. Trade randomly
2. Trade on my imagenation
3. Force trade, Like to reenter after a trade closed.

I must bear in mind the Sequence of scan of charts:
Structure-waves-bars
Daily-hourly-15min-5min

This is Mr Weis's picture: Where to find trades.

May 18th, 2023, 07:19 AM

Snipaste_2023-05-18_19-12-07

May 18th, 2023, 11:15 AM

Snipaste_2023-05-18_23-12-55

Still overtrade is a huge problem.
Should bear in mind Where to find trades, build a reasonable story, and do not trade agaist the trend!

On the right the 11 wave is also a light pull back after COB (34 wave)

Also, when it comes to oversold, the down wave on the 1min chart is climatic in volume.

August 15th, 2023, 01:34 PM

I am just learning about Wyckoff and Weis. What timeframes are you trading on and are you scalping, swinging or position holding? Thanks

A Weis/Wyckoff trading journal

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A Weis/Wyckoff trading journal