Welcome to the Traders Laboratory.

The Wyckoff Forum Welcome to the Wyckoff trading forum moderated by DbPhoenix and gassah.

Like Tree96Likes
Closed Thread
Old 04-11-2012, 01:32 PM   #2201

Join Date: Feb 2010
Location: cairo
Posts: 23
Ignore this user

Thanks: 0
Thanked 2 Times in 2 Posts

What is the Best Way to Identify The Wyckoff Phases

what is the best way to identify The wyckoff phases ?
gozila is offline  
Old 04-11-2012, 09:45 PM   #2202

Join Date: Mar 2012
Posts: 26
Ignore this user

Thanks: 0
Thanked 1 Time in 1 Post

Re: What is the Best Way to Identify The Wyckoff Phases

Have you read the original Wyckoff Course?

Last edited by DbPhoenix; 03-08-2013 at 05:05 PM.
quark is offline  
Old 04-13-2012, 10:29 AM   #2203

Join Date: Mar 2012
Posts: 27
Ignore this user

Thanks: 22
Thanked 4 Times in 4 Posts

Anybody Currently Trading with Wyckoff Methods?

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.
gaelgss is offline  
Old 04-13-2012, 07:33 PM   #2204

Join Date: May 2011
Posts: 73
Ignore this user

Thanks: 2
Thanked 36 Times in 24 Posts

Re: Anybody Currently Trading with Wyckoff Methods?

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.
YertleTurtle is offline  
Old 04-14-2012, 04:19 AM   #2205

Join Date: Sep 2011
Location: STAMFORD
Posts: 280
Ignore this user

Thanks: 10
Thanked 33 Times in 25 Posts

Re: Anybody Currently Trading with Wyckoff Methods?

Quote:
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?
henryduncan12 is offline  
Old 04-14-2012, 02:31 PM   #2206

Join Date: May 2011
Posts: 73
Ignore this user

Thanks: 2
Thanked 36 Times in 24 Posts

Re: Anybody Currently Trading with Wyckoff Methods?

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.
YertleTurtle is offline  
The Following User Says Thank You to YertleTurtle For This Useful Post:
gaelgss (04-16-2012)
Old 04-16-2012, 05:18 AM   #2207

Join Date: Sep 2011
Location: STAMFORD
Posts: 280
Ignore this user

Thanks: 10
Thanked 33 Times in 25 Posts

Re: Anybody Currently Trading with Wyckoff Methods?

Thanks YertleTurtle for your descriptive reply. It is really useful information for me.
henryduncan12 is offline  
Old 04-16-2012, 05:45 AM   #2208

Join Date: Mar 2012
Posts: 27
Ignore this user

Thanks: 22
Thanked 4 Times in 4 Posts

Re: Anybody Currently Trading with Wyckoff Methods?

Quote:
Originally Posted by 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.

Thanks for your reply and Im glad to hear theres someone trading following wyckoffs methods. I have read most of the threads in this forum and found the method extremely appealling, however, I am surprised at how quiet this forum is.

Do you identify support and resistance on the 1 hour chart and look for setups on the 5 min chart?

I understands that volume is paramount when trading the wyckoff way, as it symbolozes potential climatic buying or selling that could lead to a reserval (after a succesfull test).

How do you identify climatic volume when trading forex pairs? Isnt forex volume both inacurate and unreliable?

Thanks again for your reply
gaelgss is offline  

Closed Thread

Tags
entries, esignal, pnf, strategy, technical analysis, trading plan, wyckoff

Thread Tools
Display Modes Help Others By Rating This Thread
Help Others By Rating This Thread:

Similar Threads
Thread Thread Starter Forum Replies Last Post
Backtesting TA Strategies - Discretionary Trading and The Wyckoff Way suby Technical Analysis 3 08-19-2012 04:50 PM

All times are GMT -4. The time now is 10:04 AM.
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
2006-2011 Traders Laboratory, All Rights Reserved.