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paullfd
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Hello, I found this forum while looking for info on Wyckoff trading methods and it's been very helpful in that regard, thanks. I've been riding a gold trade for about three years and am starting to get serious about learning to identify market tops and bottoms. I am specifically looking for tops in gold (signal to get out) and in treasury bonds (signal to get in). I feel the top in gold is still years away but I try to stay keep an open mind and stay flexible. I started shorting bonds WAY too early but in very small increments. When it turns I will start to build a more substantial position. I actually trade almost opposite to Wyckoff principles. I study fundamentals intensely, have too much in one sector, I average down, and I don't use stops. I hold a core position and trade small amounts to lower cost and build core. Seems to work okay for me. It does involve a lot of risk in dollar terms, but my personal view is that gold is safer than dollars right now anyway. I would prefer Wyckoff if I could read the markets well enough to make it work. We'll see.