[taks1990]

This was how Wyckoff started reading the market - by reading the ticker tape. It is explained in his book "Studies in Tape Reading".

I just wanted to know why Wyckoffians don't read the tape anymore and intead use bart charts?

Thanks

Mark

[BlowFish]

Originally Posted by taks1990 »

This was how Wyckoff started reading the market - by reading the ticker tape. It is explained in his book "Studies in Tape Reading".

I just wanted to know why Wyckoffians don't read the tape anymore and intead use bart charts?

Thanks

Mark

Maybe because on many instruments (ES for example) it moves too fast nowadays? Or perhaps W would have used real time charts if they had been available to him then.

[HAKUNA]

Db,

Further to my post 129, copied here:

"Db
In your pdf file on support resistance and trend trading, the concept of failure to breach is explained. Also notice in many of your posts, you mention a number of times on the trader deciding in advance what he should look for and to know what he is looking at.

Do you therefore study Daily charts to identify such locations (FTB) to trade for the next day. Then go down to 60min charts to identify similar locations and so on to smaller timeframes, 5min, 1min, 5sec."

Won't quibble over the wording, location pertained to any support/resistance identified.

Following that you also mention trading support and resistance, in which case you state that trend is irrelevant and hence also the timeframe.
Are these support/resistance zones then dependent on the timeframe.

Hope this time folks will let the wyckoff expert answer

[DbPhoenix]

Originally Posted by HAKUNA »

Db,

Further to my post 129, copied here:

.....

Hope this time folks will let the wyckoff expert answer

Head2K did a fine job of answering your question. If you want to study the subject further, try this thread: http://www.traderslaboratory.com/for...most-4873.html.

As for "how I trade" or "what I do", that is largely irrelevant to the thread and forum. I have, however, made many suggestions regarding how one might incorporate Wyckoff's approach into his own trading throughout the forum and in my blog. Anyone who wants to know exactly what it is he is to do in order to develop a trading strategy and trading plan -- both of which are required before he actually places a trade -- is going to have to study the material and go through an extensive period of testing in order to determine what is best for him.

[imahippi]

That's what I'm doing!!
I actually am trading though. I trade ten shares of qqqq at a time. I find the learning curve much faster and more efficient when I am really in versus going over possiblities out.
Jay

[Gringo]

Hi DB,

How can I buy your Price volume book?

[atto]

Originally Posted by Gringo »

Hi DB,

How can I buy your Price volume book?

PM him.

(...message too short...)

[erierambler]

Db,
Chart of NQ attached. Would you say that since Nov.21 price action represents a shortening of the upward thrust?
erie