Traders Laboratory - View Single Post - Riding the Wyckoff Wave
View Single Post
  #352 (permalink)  
Old 05-09-2008, 02:03 PM
brownsfan019's Avatar
brownsfan019 brownsfan019 is offline
brownsfan019 is happy football season is finally here! Go Browns!

 
Join Date: Jan 2007
Posts: 2,303
Thanks: 60
Thanked 149 Times in 95 Posts
Re: Riding the Wyckoff Wave

Quote:
View Post
Yes I know that, I wanted to bring to your attention the ideal setups as per the VSA tutors, now you can ask them why it did not work that time, same to the candlesticks folks, am sure they will all come up with some justification.
As the resident Candlestick guy, I'll tell you that just finding a shape and calling it a reason to trade is exactly why candlestick analysis does not work for some. B/c that's a completely inaccurate way of using them.

Candlestick analysis is not play find a shape even though the majority here who think they know something about them do just that. Context. That's all there is to it.

Back to your regularly scheduled program from DB and boys.

__________________
Click here to donate to my 2008 Leukemia and Lymphoma Society donation page. Each year I do a fundraiser for my significant other's family as she lost her father to blood cancer. Please consider a donation, regardless of big or small and help this worthwhile cause.