Is there a theory that explains this better? Accumulation, consolidation and distribution - or something like that?
WYCKOFF THEORY
It never gets easier, you just get better
- #8,582
- Jul 24, 2023 10:19am Jul 24, 2023 10:19am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
SEE THE PATTERN REPEAT..... US 30 Breakout and Trend from last week...How to enter the Breakout is same way you Enter ReEnter the Trend Continuation Same setup. London and Premarket form PFH PFL. Price drops 25-50 pts or 3 levels.. Reversal pattern forms on 1m or 5m Engulfment Bar/Engulfs price And a few other tidbits4 out of last 5 days have provided exact same setup at close to the same time....Friday was a similar but this entry was at 8amNY 30mins before Im ready to pull the trigger....So maybe 5 out of last 5 days for some.... Cheers...
every Saint has a past. Every Sinner has a Future
- #8,583
- Jul 24, 2023 10:26am Jul 24, 2023 10:26am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
And we know Kev likes oil
Lines and levels etc
I think that's enough posts from me for a while
Lines and levels etc
I think that's enough posts from me for a while
every Saint has a past. Every Sinner has a Future
- #8,584
- Jul 24, 2023 10:29am Jul 24, 2023 10:29am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Sounds like I'm swearing WYCKOFF THEORY
Seriously - these theories are old and stand the test of time
every Saint has a past. Every Sinner has a Future
- #8,585
- Jul 24, 2023 10:46am Jul 24, 2023 10:46am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
[quote=turnip15;14509277]{quote} Yes I seem to remember birth control coils....No....No... coiled springs etc Seriously - these theories are old and stand the test of time[/quote
Even though he published his theory way back in the 1930's with Stocks manipulation by market makers, it still stands valid today with
other instruments of todays markets. I think he called it the Wyckoff Cycle meaning prices returning back to the start at some point.
Seriously - these theories are old and stand the test of time[/quoteEven though he published his theory way back in the 1930's with Stocks manipulation by market makers, it still stands valid today with
other instruments of todays markets. I think he called it the Wyckoff Cycle meaning prices returning back to the start at some point.
It never gets easier, you just get better
- #8,586
- Jul 24, 2023 6:10pm Jul 24, 2023 6:10pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
{quote}
Yes I seem to remember birth control coils....No....No... coiled springs etc
{quote}
Yes I seem to remember birth control coils....No....No... coiled springs etc
The Wyckoff cycle theory shows it all as one large "behavioural" pattern of sorts.
The modern punter doesn't investigate it too much imho, as it does not show "precise" entries and requires some work & study by the trader themselves
Same repeatable stuff on the charts though, day after day.
Trade safe folks, trade well.
- #8,587
- Jul 24, 2023 6:44pm Jul 24, 2023 6:44pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
{quote} {quote} The Wyckoff cycle theory shows it all as one large "behavioural" pattern of sorts. The modern punter doesn't investigate it too much imho, as it does not show "precise" entries and requires some work & study by the trader themselves
Mark ... Everything you have been told is a LIE
{quote} {quote} The Wyckoff cycle theory shows it all as one large "behavioural" pattern of sorts. The modern punter doesn't investigate it too much imho, as it does not show "precise" entries and requires some work & study by the trader themselves
Cheers...
- #8,589
- Jul 24, 2023 9:48pm Jul 24, 2023 9:48pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
{quote}
That's right TT. It was stock focussed so it relied on volume (buy test no. 3 for accumulation and no. 2 for reaccumulation) and the use of point and figure charting, as well, to fullfill the 9 buying (no selling/shorting) tests. The watered down version can be used for forex. Cheers...
Hi FWR
That was how it was in Wyckoff's day yes.
For those that don't use volume in Forex (whether it be on a 1min chart, 5m, 1hr etc),
we can always use our noggins'
also and think to oursleves "when" might the majority of liquidity enter or be likely to enter our forex markets.After that all charts ultimately look the same imho.
HOW we trade 'dem damn charts
seems the main variable a trader has to work out for themself(clue it's likely you vs you in the end imo)
https://www.forexfactory.com/thread/...6#post14501576
.
{quote} Hi FWR That was how it was in Wyckoff's day yes. For those that don't use volume in Forex (whether it be on a 1min chart, 5m, 1hr etc), we can always use our noggins'
All the best.
- #8,591
- Jul 25, 2023 3:40am Jul 25, 2023 3:40am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #8,592
- Jul 25, 2023 8:58am Jul 25, 2023 8:58am
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
{quote} Wyckoff theory is all about Human behaviour & Market manipulation by Market Maker. If there was no volume graphic on the chart, you can still see the Buying / Selling Climax, ranging market, inducement moves and then Mark Up / Mark Down, which we call a start of a trend to the next target. Of course stock trading was done over much longer timeframes, Weeks or Months, where we are nowadays in minutes, & hours with Forex. Psychology of the markets will remain the same as long as there are Humans involved in the process.
Master your Mind,,,Master the Market
- #8,593
- Jul 25, 2023 9:52am Jul 25, 2023 9:52am
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
SEE THE PATTERN REPEAT..... US 30 Breakout and Trend from last week...How to enter the Breakout is same way you Enter ReEnter the Trend Continuation Same setup. London and Premarket form PFH PFL. Price drops 25-50 pts or 3 levels.. Reversal pattern forms on 1m or 5m Engulfment Bar/Engulfs price And a few other tidbits
US30 SPX OIL only 3 markets zeroed in on this morning....
Heres a couple MT4 charts rather than TV... My MT4 charts are basically identical to TV hmmm not sure why my US Equity open isnt showing.
Nevertheless,,, A couple trades on oil I will show,,, Bailed on my oil as I had to leave my desk and was happy with 49 pts and 41 pts...
Point is tho the setup is the same as shown in the post above,,,PFH PFL ftside to backside at timing open...Close above 20
the 915am 15m candle was the key Engulfment candle etc etc
Some patience and confidence in your self and your setups.. second chart shows 8ema channel and who knows where it will go...I see its still holding and a bit of a pullback...testing PDH
Anyways done for the day...
See the Pattern ?
Blue
Master your Mind,,,Master the Market
- #8,594
- Jul 25, 2023 12:03pm Jul 25, 2023 12:03pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #8,595
- Jul 25, 2023 12:11pm Jul 25, 2023 12:11pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #8,596
- Edited 12:59pm Jul 25, 2023 12:20pm | Edited 12:59pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
The E/J continuing experiment: happy day {image} {image}
It never gets easier, you just get better
- #8,597
- Jul 25, 2023 1:27pm Jul 25, 2023 1:27pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
{quote} Both charts are the same instrument, same timeframe, difficult to see the difference between them or is that just me.
Cheers
Master your Mind,,,Master the Market
- #8,598
- Edited Jul 26, 2023 4:51am Jul 25, 2023 4:05pm | Edited Jul 26, 2023 4:51am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
Nice resource to watch all markets : Hover your Mouse over each block to see a mini futures chart.
https://finviz.com/futures.ashx
https://finviz.com/futures.ashx
It never gets easier, you just get better
- #8,599
- Jul 25, 2023 9:28pm Jul 25, 2023 9:28pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
Ive had PMs asking about how I TP or why I close early etc.
I TP several diff ways...This morning was manual left some nice pts on the table but that's ok.
Other times its time based...X amt of time goes by and I will take whatever I can get,
I also use a set TP for almost all trades..Other TPs can be market structure targets etc..
Or a time based level.... Every situation is different and I don't know how I will TP on a particular
trade until it is actually unfolding and that decision is made on the fly for all intraday trades.
And here is where Oil TP'd using 8EMA channel as a dynamic TP level in a strong move.
Cheers
Blue
I TP several diff ways...This morning was manual left some nice pts on the table but that's ok.
Other times its time based...X amt of time goes by and I will take whatever I can get,
I also use a set TP for almost all trades..Other TPs can be market structure targets etc..
Or a time based level.... Every situation is different and I don't know how I will TP on a particular
trade until it is actually unfolding and that decision is made on the fly for all intraday trades.
And here is where Oil TP'd using 8EMA channel as a dynamic TP level in a strong move.
Cheers
Blue
Master your Mind,,,Master the Market
