Riding the Wyckoff Wave - Page 15

DbPhoenix · #**141** (**permalink**) 04-18-2008, 11:29 AM

Regarding the above, I hope that those who are playing with these charts are making the connection between the volume and the swing points. Otherwise, there's no point in doing it:

Tannism · #**142** (**permalink**) 04-18-2008, 12:28 PM

Hi. I am working my way through your blog. Where shall I post a chart?

Tannis

DbPhoenix · #**143** (**permalink**) 04-18-2008, 12:35 PM

	Quote:	Tannism
	Hi. I am working my way through your blog. Where shall I post a chart? Tannis

That's not an option in blog comments. The closest thread is probably this one:

Real Time Price Action

DbPhoenix · #**144** (**permalink**) 04-18-2008, 08:56 PM

So. Anybody detect the buypoint in the NQ today?

gassah · #**145** (**permalink**) 04-18-2008, 09:46 PM

	Quote:	DbPhoenix
	So. Anybody detect the buypoint in the NQ today?

I don't DT but how about coming out of the pullback around 9:59 and exiting around 12:38 after the high volume of 12:12 and churning about 12:30 and then a support break at 12:38?

DbPhoenix · #**146** (**permalink**) 04-18-2008, 10:18 PM

My NQ chart is considerably different from yours. It opens at 1898, then drops to 1886 by 10:00. It didn't reach 1905 until 11:00. Perhaps your clock is off.

gassah · #**147** (**permalink**) 04-18-2008, 11:05 PM

	Quote:	DbPhoenix
	Perhaps your clock is off.

I'm still shy by an hour and can't figure out how to change it.

I think the earliest I could get in is the 10:12 bar following the spring and after the supply line is crossed.

tune · #**148** (**permalink**) 04-19-2008, 06:35 AM

	Quote:	DbPhoenix
	So. Anybody detect the buypoint in the NQ today?

Using the chart in #141 there is a block of trades 1881 to 1886 which does tally with the 10:04 and 10:10 low.

gassah · #**149** (**permalink**) 04-19-2008, 10:24 AM

Ray covered scenario planning yesterday and it couldn't be more applicable than today's markets.

http://tradingsuccess.com/blog/the-m...nning-313.html

The SP500 is back in the extreme zones of the upper and lower ranges. The graphic makes for a simple looking plan. If there's acceptance above 1406 than I'd be looking for the upper range to be back in control. If it gets rejected back down below 1384 then the lower range is in control. Sounds simple but it won't work out this way.

gassah · #**150** (**permalink**) 04-19-2008, 11:00 AM

Combining the ranges this one shows that the 1400 area has the least number of price touches, where the market has been least comfortable.

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