[steve46]

You're quite welcome and now a couple of additional comments

One, it might help others if you had some comment of your own as to the value of "creeks"....how for instance do YOU use this concept in your trading (just in general terms).

and with regard to your comment. I think about it this way... In my opinion the approach that works best in life is be inclusive...to try to meet everyone halfway...and to look outside the boundaries of traditional approaches....in my experience if you take the other tack and exclude people who don't agree with you, what your doing tends to stagnate, because no one is ever looking outside the traditional boundaries. Correct me if I am wrong, but what we are trying to do here is find out "what works" to make us better traders?

Good luck to you sir

Steve

[OAC]

Originally Posted by steve46 »

One, it might help others if you had some comment of your own as the value of "creeks"....how for instance do YOU use this concept in your trading (just in general terms).

I use the concept of market symmetry. If the current counter-trend wave is greater than all previous corrective waves, to me, is equivalent to "Jumping the Creek". The big irony is that i am using a horizontal S/R in this particular case which is preached by the crowd over there at the Wyckoff's forum. And yet I am extremely surprised to find that Wyckoff himself used a squiggly line that can be arbitrarily drawn to some degree. If he was a master technician as BB claimed in another thread, couldn't Wyckoff at least came up with a mathematical formula for the Creek similar to a variable linear regression line? As far as I know, they had slide rules back then.

[firewalker]

Originally Posted by OAC »

I use the concept of market symmetry. If the current counter-trend wave is greater than all previous corrective waves, to me, is equivalent to "Jumping the Creek". The big irony is that i am using a horizontal S/R in this particular case which is preached by the crowd over there at the Wyckoff's forum. And yet I am extremely surprised to find that Wyckoff himself used a squiggly line that can be arbitrarily drawn to some degree.

I'm as much surprised as you, perhaps you can show me some references where Wyckoff himself used "a squiggly line". I'm positive that there will be at least someone in this thread that will point me towards the correct literature PS: as far as I know, Hank and Max were born after R.D.W. died.

Originally Posted by OAC »

If he was a master technician as BB claimed in another thread, couldn't Wyckoff at least came up with a mathematical formula for the Creek similar to a variable linear regression line? As far as I know, they had slide rules back then.

Do you need a tachometer to switch gears or have you learnt to rely on your car's engine sound to determine the optimum moment to shift?

[firewalker]

Originally Posted by brownsfan019 »

There's 2 ways to look at event trading:

1) Construct a plan for event trading only.

2) Take trades that you normally would as they appear and if an event helps it, great.

I must have missed this, because it should be clear - especially for struggling traders which is after all who this thread supposedly is aimed at - that there is at least a third option:

3) Avoid taking trades prior to an event

And a 4th:
4) Move your stop closer in case you're in a profitable position

[erierambler]

Originally Posted by firewalker »

I'm as much surprised as you, perhaps you can show me some references where Wyckoff himself used "a squiggly line". I'm positive that there will be at least someone in this thread that will point me towards the correct literature PS: as far as I know, Hank and Max were born after R.D.W. died.

The lingo, jump the creek, which can be shown by a squiggly line comes from SMI, not the original Wyckoff course. SMI originated from Wyckoff, but then added some flavour to it. One must be careful to distinguish the two. Hope that helps .
erie

[minoo]

Hi Steve

I am on holidays for the month of Dec, and would like to prepare my 2009 plan while I am relax & have time on hand.
In the fourth quarter of this year my plan / exercise was to simplify my system and cut down on trading time. I came accross your thread in Aug 08 when I was struggling with trading in quantity.

Since I have tested the Vol bars and presently use ES 1100 share bars (for globex-only sessions) and 2700 at RTH. And am quite new in their use but they do work very well with my system

I want to relegate this success in writing for 2009 and have started to realise that I donot know much of the reason, for Why do share bars work so well. Could you please enlighten me on Vol Bars.

Many Thanks Minoo

[firewalker]

Originally Posted by HAKUNA »

With due respect, there is enough info. about big and small players , I have Tom Williams book and it is there also. I use VSA and was interested in finding out if I could recognise or not any entry point of those who positioned themselves with prior knowledge of news or reports by using what I know of VSA method. All I was looking for was a recent example , I presented analysis based on that and asked for comments but was told to read another book.

I'm sure it would enlighten all of us if we could get a glimpse of the inside knowledge today, so that we can take the right position before FOMC.

In the spirit of x-mas, I encourage all those who possess outside information to kindly share it with the rest of us humble, ignorant traders.

Thank you.

[HAKUNA]

Originally Posted by firewalker »

I'm sure it would enlighten all of us if we could get a glimpse of the inside knowledge today, so that we can take the right position before FOMC.

In the spirit of x-mas, I encourage all those who possess outside information to kindly share it with the rest of us humble, ignorant traders.

Thank you.

This is what I was looking for, today would be a perfect example, I for one had no idea what was going to be in the FOMC announcement, however , from a 1min chart of ESmini, I had an entry 2.30-2.31 around 891, now those perhaps with inside knowledge could have positioned around say 860 or early this morning at 880.
It would certainly be educational if somebody in here can put a trade taken with that prior knowledge indicating entry etc. after all the theoritical debate we have had on all kinds of different players in the game.