[YertleTurtle]

Originally Posted by YertleTurtle »

If you are trading the ES you should look at ES volume.

Actually I have started trading spot forex and have been looking at futures volume since this is contracts traded versus tick volume. Although there are occasionally minor differences, they tend to provide the same overall picture. I would imagine this would be true when comparing ES volume to spot S&P.

[Stock.Jock]

Originally Posted by sharehunter »

Thanks Stock.Jock!
I take a look in your file, it is general count guide in Wyckoff method. My problem is how to use P&F to count target price following Wyckoff method ( one box reversal)

The horizontal and vertical count methods are the same for any type of PnF chart. Even though Wyckoff has a different method of plotting the reversals, the count methods are the same. Here's an excellent video on PnF charting which includes how the count methods are performed.

Point And Figure Charting Basics - YouTube

Point And Figure Charting Basics - YouTube

[gozila]

what is the best way to identify The wyckoff phases ?

[quark]

Have you read the original Wyckoff Course?

[gaelgss]

Hello everyone,

I have noticed that most of the work published in this blog (by DB et al) on wyckoff trading was published back in 2008-2009 and there has not been much activity over the last 2 years.

I am interested in the method but have a basic question; Is this methodlogy aplicable today, in 2012 and if so in which markets?

I have often read that the principles of supply/demand will always prevail but is this true, with all the automatic and algorythmic trading out there?

I am very interested in hearing from those of you who are currently trading using wyckoff methods.

[YertleTurtle]

I trade using Wyckoff principles in the forex market. These principles work as much today as they did 100 years ago. VSA which is a derivative method of trading is gaining popularity and has many successful practitioners.

As for markets - it works in all markets with sufficient liquidity which represents interest from the composite operator. Basically stay away from penny stocks and instruments which have been trending sideways for an extremely long time.

[henryduncan12]

Originally Posted by YertleTurtle »

I trade using Wyckoff principles in the forex market. These principles work as much today as they did 100 years ago.

I am not well familiar with " Wyckoff Methods". Please share more details about it. Which time frame, currency etc. work well in this trading method?

[YertleTurtle]

Wyckoff taught a way of understanding imbalances in supply and demand which cause price to move up or down. These principles work in all time frames. Most Wyckoff traders I know look at multiple time frames and the timeframes one chooses has a lot to do with how much time you have to trade and whether you want to day trade, swing trade or position trade. Generally the smaller the time frame you use the more trading opportunities you will have but the smaller the moves.

I look at daily, 4 hour, 1 hour 15 minute and 5 minute time frames mostly. I focus mostly on the 1 hour and 5 minute time frames for setups whereas the other time frames are to look at the bigger picture or for additional confirmation. There aren't firm rules here.

As for the pairs that these techniques work best in, I chart 5 USD pairs, the AUD, EUR, YEN, GBP and CAD. Most of my trades are in AUD or EUR recently. These techniques should work on any non-exotic pair.

There are stickies in this forum if you want to read more about the Wyckoff method.