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| | #1 | ||
![]() ![]() Join Date: Feb 2008 Location: USA Posts: 1,797 Thanks: 329
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Blog Entries: 31 | Looking for a short cut? Check out Time Saver: Our Most-Thanked Posts. Last edited by DbPhoenix; 05-18-2009 at 11:46 AM. | ||
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| | #2 | ||
![]() Join Date: Mar 2008 Location: portland or Posts: 28 Thanks: 19
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Blog Entries: 4 | Re: Ask Any Wyckoff-Related Question These price bars has the “close” only, no “open” hash mark. For some reason W felt the open was not an important piece of information, or at least not important enough to record it. So I'm thinking to myself, Why wasn't the “open” price important? It might be that, at the time there was not the gamesmanship of gaping the opening price outside the previous days range, resulting in triggering the EOD orders at an unfavorable price. Or, Maybe, a open price, had no importance to the overall story the market is telling? Anyway, I know the “opening” price is significant to a modern day traders plan of action, Maybe the “open” is not so important to EOD traders? | ||
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| | #3 | ||
![]() ![]() Join Date: Feb 2008 Location: USA Posts: 1,797 Thanks: 329
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Blog Entries: 31 | Re: Ask Any Wyckoff-Related Question It may help to keep in mind that these charts were done by hand (though they may have been provided by a service). Therefore, one would include only that information that he considered to be important, as today. Ergo the open price may not have been considered to be all that important (I know the logic here is a stretch and that there may be other possible conclusions). It may also help to keep in mind that W was not about bars but about flow, or "waves" (but you knew that). He was also about energy, and balance, and he would more likely have been interested in who won the daily contest than in what the relative positions of the players were at the beginning of the contest. Whatever follow-through there might be the following day would be told by the high and the low. All this is just conjecture, though. I'll have to chew on this some more. The answer may be embarrassingly simple. | ||
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| | #4 | ||
![]() Join Date: May 2008 Location: Belgium Posts: 1,453 Thanks: 597
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Blog Entries: 60 | Gann... Quote:
Quote:
Especially since so many Gann followers seem to depart from the belief that it IS possible to predict the markets. Although I can honestly say I have not studied anything Gann related in depth, it seems like some of the foundations are similar to Wyckoff (supply, demand, support, resistance, trendlines), with one extra layer, being the 'time' factor... OAC, Perhaps a reason why so little Gann talk is to be found, is because there are 'issues' about his 'credibility' (the use of astrology for example), where I believe there weren't any about Wyckoffs. This might be interesting, Gann interviewed by Wyckoff: http://www.tradingfives.com/gann/wd-...rview-1909.htm | ||
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| | #5 | ||
![]() ![]() Join Date: Feb 2008 Location: USA Posts: 1,797 Thanks: 329
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Blog Entries: 31 | Re: Ask Any Wyckoff-Related Question | ||
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| | #6 | ||
![]() Join Date: Dec 2007 Location: Leamington Posts: 249 Thanks: 83
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Blog Entries: 46 | Re: Ask Any Wyckoff-Related Question Quote:
erie | ||
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| | #7 | ||
![]() ![]() Join Date: Feb 2008 Location: USA Posts: 1,797 Thanks: 329
Thanked 3,475 Times in 830 Posts
Blog Entries: 31 | Re: Ask Any Wyckoff-Related Question Quote:
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| | #8 | ||
![]() Join Date: Dec 2007 Location: Leamington Posts: 249 Thanks: 83
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Blog Entries: 46 | Re: Ask Any Wyckoff-Related Question Quote:
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