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If I can I would add Dr. Gary Dayton to this list of go to guys for learning. He studied with David Weiss who himself has a new book coming out this fall. He was one of the authors of Charting the Market the Wyckoff Way.

 

Of course the original course is still being offered at The Stock Market Institute. You can find the tape reading course out of scrib if you look.

But the best bang for the buck and one of the best teachers I have come across Gary Dayton he is very good. He also is a Duke trained psychologist and spent alot of time in the sports Psychology field. . He teaches that as well and that has really changed my trading.

By the way I have never recommended anyone to anybody.

If you tell him Bryant told you about him he may send me a nice email but nothing else. I promise. I just really would like to see everybody do well. He does have some free webinars posted on his site and just did one for SFO mag which is up as well.

 

I would agree with the comments re Gary. I have done a couple of his courses and he teaches very well and talks a great deal of sense. Has helped me. Not sure about the psychological side as I have not looked into that, but he talks sense. And he doesn't know me from Adam so no kick backs here either :)

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Hi,

 

Just thought I'd comment on one chart. SUV could be a long setting up. At weekly support and momentum has been shifting to more bullish. I've attached a chart with some comments. Just my opinion.

 

David

suv_daily.thumb.jpg.205967aca0975ffecae5274d51914142.jpg

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hi drushi

 

 

yea my setup wasent the best to take a trade off..

 

but we need to see demand comin in to change a bear market into a bull market..

and the raection after the climactic action is weak .. please check weekly chart i comented on..

 

 

cheerz

SVUweekly.thumb.png.a040e7964cd4c2f80d3590d2f171092e.png

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Guest zaq2010
I've been told by Flojo that the original course is available from the Library of Congress (it was never put into book form, as was common back then with regard to courses, which is why so many of them are lost to us).

 

The basics of the basics are provided here in the stickies. Section 1M, the Introduction, is skipped, as are Section 4M, Volume Studies, and Section 6M, Chart Studies. Section 7M, to which you referred, acts as a sort of summary of what's been addressed up to that point in the course. Therefore, regardless of what you decide to do with regard to the entire course, I suggest you read and reread and rereread the first three stickies to become at least acquainted with the underlying concepts, then study the fourth, the analysis of 1930-31, which acts as an illustration through application. The entire course has been uploaded here.

 

A great deal of what has been written about Wyckoff, particularly during the resurgence of interest in the "classics" over the past decade or so, is at best inaccurate and at worst blatantly untrue. Many traders will tell you, for example, that they are "Wyckoff traders" simply because they've decided to incorporate "volume" into their trading, and that by doing so they are employing the "Wyckoff Method". Volume, however, as you will learn, is only a part of the approach and isn't even necessary to applying it. You will also come across a wide range of approaches that claim to be "based on Wyckoff". However, since nearly all of what's been written with regard to technical analysis over the past hundred years is based on either Wyckoff or Schabacker, this claim doesn't mean a great deal. If you want to know what is legitimately Wyckoff, it makes sense for you to study Wyckoff himself, not what I nor anybody else says about him. In this way, you can build a conceptual framework for trading and investing that is uniquely yours.

 

Many Thanks DbPhoenix !!!

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Hi,

 

does anybody know where DBphoenix has been? Haven't heard from him in a while.

 

Cheers :thumbs up:

 

Quinn

 

 

either he made a killing in 2008,

or 2008 killed him.

it happened to many people

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Hi Pryme: This is my 1st post. I have been doing a lot of reading in the Wyckoff and VSA forums. I'm working hard to understand the concepts. Db has done a great job of teaching and mentoring. As far as SUV is concerned, your analysis appears solid. The recent move up is not being supported by volume and it appears supply is in the market.

 

I am using Daily and Weekly charts and am glad to see this thread where some daily charts are posted and discussed. Almost all posts are intraday.

 

I appreciate your post and will follow this stock to see what I can learn from it.

 

Don

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Heya Don

 

 

sorry for taking so long to respond .. iam busy atm..

 

 

yea mate .. vsa and wyckoff is the shiznit ;) keep reading all material available

and practice ,practice ,practice-- ;)

 

 

about SVU

 

 

Picture is an update

svuU3.thumb.png.fd5c7942c6f569832b0088d2f34da106.png

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Thank you Pryme for getting back on this. I have been reading and studying and keeping up with SVU. I have made some comments on the chart you attached. If you (or anyone else) don't mind, please take a look and let me know your thoughts.

 

Don

5aa71055a580d_TLSVU.thumb.png.663d38822a5ba609d3cba75ae28eeb78.png

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Thank you Pryme for getting back on this. I have been reading and studying and keeping up with SVU. I have made some comments on the chart you attached. If you (or anyone else) don't mind, please take a look and let me know your thoughts.

 

Don

 

 

Hi Don

 

well the climactic action we saw could also mean that locked in Traders who where short

SVU , wanted to get out ab Breakeven.. so they added to demand .. wich caused the two bar

climactic action..

but nevertheless we didnt see signs of strenght after the climactic action , aka the market made no real progress .. and the small spread down bar .. closing in the middle on low volume .. and the close is even near the previous up bar .. shows that there is no real buying power present...

 

 

you wrote

 

that if the 2nd bar (of the climactic action) is an bar on high volume closing on its highs

would suggest supply is present .

 

but thats not correct .. supply is present if the bar closes off the highs .. aka supply swaming demand..

 

or we know if the high volume conatined more selling when the next bar would be a down bar ..

 

a test bar on low volume would be a bar .. wich dips into an area where previoulsy was high volume and supply present ..

 

we have to read the whole story and in this case .. the bar u tagged as a test?? ;)

 

is actually no real test bar .. as the bar is rather small spread .. closing in the middle...

so its actually telling em that there was literraly no trading going on .. neither up nor down.. but in context . as we have ssen a climactic action kinda .. and we see no further progress .. or real signs of tests.. this bar shows me that the market wich is weak.. is still a weak one.. and the SM is not participating in an upmove....

 

 

as u can see on SVU today .. it dropped on high volume like a stone...

 

remeber one bar on its own doesent turn a market.. its just a word in a big book.. we have to read the whole book .. to interpret or understand its meaning.. ;)

 

take care

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Dear all Brothers and Sisters!

 

I really love VSA and try to learn but I still confuse so many problem. One of my problem which I am not clear is support/resistance and trendline. Look a simple subject but so important in Wyckoff method.

 

Please brother and sisters give me a hand to make me clear some problem about trendline (trendline follow VSA method) as below:

 

1/ what is trendline

2/ how many type of trendline

3/ how to draw a trendline. This one is so important. If we draw a wrong trendline, our analysis will be wrong.

 

Many many thanks for your helps

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Since your question seems to be related rather to VSA than to Wyckoff how he is understood in the Wyckoff forum, I suggest you post your question into the VSA forum.

 

Thanks for your suggestion, I will post these question into VSA forum

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Hi,

 

does anybody know where DBphoenix has been? Haven't heard from him in a while.

 

Cheers :thumbs up:

 

Quinn

 

I don't want to put words in his mouth, but the impression I got was that between his contributions on this board/chatroom, his ebook, and finally the link he posted to the rare original Wyckoff course (public domain), he felt he didn't have much more he could contribute. I've learned alot from him and my thanks go out to him.

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Hello,

 

I would like to buy his book. I saw it mentioned few times in threads but all links are dead. Please give me live link to his ebook or leave his contact email.

 

Thank you.

 

you don't need to pay money for his book.

 

he has posted some of the chapters as previews (do a search and you will find it),

some of the materials are in his posts inside these threads:

 

 

Support and Resistance

Support and Resistance in a Volatile Market

 

Using Daily Support/Resistance for Intraday Trading

What is Support and Resistance?

 

Support and Resistance: Trading in Foresight

Edited by Tams

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DBCooper come out! :)

 

DBP is (was) the best forum poster I have ever seen - even though we clashed more than once and I never liked his dam attitude about trading ‘syschology’. I would like to see him back.

I doubt something outrageous would draw him out. Let’s try something milder: FX traders can trade via pure price action that follows (sans volume data and work) his same SR ‘points’ (my word not his). It’s not nearly as effective as with the Wychoff like volume work. but can be implemented via ‘breakouts’ from those areas with minimum risks and essentially same profit targets.

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I have been studying a lot about Wyckoff, watching Todd Krueger’s VSA seminars, and reading “Master the Markets”. Pretty much anything I can get my hands on. I feel much more confident in knowing when a rally is weakening and thus choosing a time to get out of a stock.

 

However, I would really appreciate someone talking me through what they see on the 2 attached charts. These charts show a price accelerating strongly from a very tight range.

 

My thoughts get a bit muddled here. Let me look at the first chart of SOLO. There is a high velocity and ultra high volume bar on the breakout. The volumes shown are confusing me because they were transacting the full amount of the companies issued shares near the billion mark. There was a LOT of interest in this share when it went up. I therefore assumed that the first up bar could be viewed as a “BUYING CLIMAX” in itself because everyone wanted to pile in and that I should be looking for further signs of weakness.

 

The next bar is on even higher volume and closes in the middle. Is this a sort of half UPTHRUST, half further BUYING CLIMAX? It definitely shows more selling is present because it closed off the highs. This shows the same pattern as seen in the next attached chart of SAR, but the second bar there was a definite UPTHRUST, and we would have been wise to get out at that point. However, these large volume mid close bars confuse me. What should I be interpreting/looking for exit wise when I see that?

 

In SOLO, I didn’t get out on that 2nd bar, but waited and noticed the 3rd and 4th down bars were on low volume, followed soon after with more up bars, one of which was a definite UPTHRUST. I took this to mean that with a second rejection of higher prices that it was not going to be rising any time soon. I got out. The presence of NO DEMAND bars after that gave me confidence in my decision. However, the falling on low volume on the 3rd and 4th bar still has me wondering if I was right?

 

What would everyone here deduce from the two charts?

 

Any help is greatly appreciated.

 

P.S. My trading style is not to hold on to a stock for huge rallies over many months. I get out after an immediate rally ends, be it after a few days or a few weeks. I may buy in after it has settled down for the next leg up.

sar.jpg.4fbcbba11769ec2244cc6eb4c8ac6965.jpg

solo.jpg.76eb7ebe8844e0100cc3112a47fbc2ce.jpg

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Could the 5th bar UPTHRUST on SOLO actually be absorption by smart money? Given the resistance at 1.8p on bar two, could the return to this level on bar five be people selling to get back to break even, which the smart money then mops up with buying? Therefore not a bad upthrust? I realise this is only occurring within a short space of time, but given the price swings it could be possible?

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Guest afuturestrader

I have two versions of "The Richard D. Wyckoff Method of Trading and Investing in Stocks". The first is copyrighted in 1931 by "Richard D Wyckoff". I received this version from SMI in Arizona.

 

The second version has a copyright of 1937 by "Wyckoff Associates, Inc.". This version is available in this forum.

 

Does anyone know why the 1937 version was created? There are notable differences in content and sequence.

 

Why do most Wyckoff authorities quote from the 1937 and not the 1931 version? Wyckoff died in 1934.

 

DB himself, in this forum, cites the 1937 version as original Wyckoff. But how can material copyrighted after his death be original?

 

Thanks in advance for your assistance.

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I am studying about "Richard D. Wyckoff Course in Stock Market Science and Technique" It is a great course but the chart example in this course is quite blear ( not clear). or example: I can not know background before example chart, i can not know the result later, it is defficult to compare a bar with another bar ( vol and price is quite far from each other).

 

I love to understand deeply this cousre so i want to view example chart in Amibroker or metastock. unfortunaly, I can not find EOD data of these chart to input it to Amibroker because almost the example is before 1970 and some is not list in exchange anymore, some may be M&A (mergers & acquisitions).

 

here is name of stock example i noted from basic lecture and Lession example:

http://www.mediafire.com/?l7gvky1jdoi468l

or google document link: https://spreadsheets.google.com/spreadsheet/ccc?key=0AvVR0y_dzwmidHc3bmh6RTRGcHNMWmhnQTNYNTdYY1E&hl=en_US#gid=0

 

If anyone have this data please kindly share it to me ( or guide me how and where i can take this data)

 

many many thanks for your helps

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