[brownsfan019]

Originally Posted by DbPhoenix »

I do. Why would I mess with it otherwise? But it's not easy. Simple, but not easy.

I showed in the Cajas Famosas thread what I'll be looking at tomorrow morning. I'll short a choke at 40 or buy a break thru it. That's about it. If it doesn't test 40 at all, I doubt I'll do anything unless it tests 10 again. I have no idea what our friends will do .

BTW, how come the CC is so quiet?

I see. What would be interesting would be track some real trades as a number of us have done throughout the CC.

As for the CC, it was just like what you've done here - very active in the beginning (when I really put time into it) and then it died down. I have no desire to constantly be the one updating threads or creating new ones. Hopefully your new area will gather a loyal following to keep you busy DB.

[firewalker]

Originally Posted by erierambler »

Could the possible answer be that Wyckoff was not about intra-day trading?
erie

Originally Posted by DbPhoenix »

Actually, he was. He wrote the Day Trader's Bible, which is posted to the Introduction, as well as including a tape-reading segment to his course.

I believe he said:

"A pure tape reading day trader does not care to carry over night. The tape is then silent, and he only knows what to do when it tells him. Something may occur at midnight which may crumple up his diagram of the next day's market. He leaves nothing to chance; hence he prefers a clean sheet when the market gong strikes."

[rsi]

Well. I have a question with regard to Point and Fugure charts. I am still studying Wyckoff method.

I have read that Wyckoff was using Point and Figure charts to estimate price target. Am I right?

If the answer is yes, then I have a suggestion. How about starting a seperate thread on teaching Point and Figure charting methods, its uses and its benefits etc.? I am quite sure, there will be many members who are eager to learn these aspects. I must confess, I am yet to learn this method of charting.
Thanks in advance and regards

[DbPhoenix]

Originally Posted by rsi »

Well. I have a question with regard to Point and Fugure charts. I am still studying Wyckoff method.

I have read that Wyckoff was using Point and Figure charts to estimate price target. Am I right?

If the answer is yes, then I have a suggestion. How about starting a seperate thread on teaching Point and Figure charting methods, its uses and its benefits etc.? I am quite sure, there will be many members who are eager to learn these aspects. I must confess, I am yet to learn this method of charting.
Thanks in advance and regards

I asked nic about that just a couple of hours ago since he knows far more about it than I do. Unfortunately, he's very busy at work and doesn't know when he'll get to it. But he will get to it eventually.

[gassah]

Originally Posted by rsi »

then I have a suggestion. How about starting a seperate thread on teaching Point and Figure charting methods,

I'm working on it.

[Tannism]

Re: Wyckoff(SMI) Stride charting.

Another advantage of boxes? They seem to pretty well take care of the traditional stride charting which is so time consuming.

[DbPhoenix]

If nothing else, they force the trader to look to the left, like he's supposed to, and see where support and resistance actually lie. And why.

[winnie]

Dear DbPhoenix,

According to your experience, could Wyckoff method be use in day trading ?
thanks