forrestang

The Lexus LFA, equipped with a 552hp 4.8 liter V10 that supposedly is the size of a V8 and weighs about the same as a V6, married to a 6-speed sequential gearbox. This thing is an engineering masterpiece...... but at the end of the day, it unfortunately is still an overpriced LEXUS. And it is pretty hard to get over paying $375,000 for a LEXUS, even if it is a supercar. Say what you will..... but the instrumentation on this bad boy is the coolest I have EVAR seen!! [ame=http://www.youtube.com/watch?v=B8lYzAjz3eQ&playnext_from=TL]YouTube - YouTube- Top Gear - Lexus LFA - BBC[/ame]

I have only "flipped" through this thread, and my intention is not to take sides. But I find this one comment I have quoted above interesting, and I agree with it 100%. I have had the exact same thoughts as above about the hierarchical structure that takes place on the forums.... This forum happens to be a tiny little microcosm of the real world and naturally we perform and behave in similar ways we do in society. At first I thought it was cool(thank feature) as this was the first site I had seen it on, now it is more of an annoyance than anything. It often, IMO of course becomes a rather arbitrary and useless statistic at times.... that isn't really about 'thanking' someone for taking the time to make a salient point or taking the time to respond to you personally, but rather a method for showing approval. I've seen the most useless comments(IMO of course) receive thanks for what doesn't appear to be any value added content, but because they are simply trying to show affection, or gratification for someone elses post that happen to run congruent with their beliefs. An example I am imagining just for the sake of argument..... imagine there existed a thread with two schools of thought. Group A believed that trading with anything but price was foolish and that any other way, it is not possible to profit from it. Group B believes that indicators are necessary to assist someone in making decisions. Also in this example, each school of thought has an ambassador(one poster) for each camp. Naturally, there will be supporters for each group..... and the thanks will most likely be used as a voting system to approve/disapprove or show support for a particular belief system, as opposed to a system to thank those for adding actual value-added content. I remember a similar behavior being exhibited in the "Brooks" thread a long time ago, whenever the thread was derailed from a thread about TA, to a thread of some saying this is the "wrong" way. And naturally, those posters with heavy 'thanks' count were constantly being thanked by those either showing approval for their belief system, or naturally filing into the general societal pecking order under certain posters. You would later be able to observe these same 'lower thanked posters' attempting to 'kiss up to' or please the higher thanked posters by deriding the posters discussing TA in that thread in various chat sessions and other threads. I don't know if the behavior from the lower ranked members was because of them just wanting to be on what they perceived as the right side of the hierarchical structure we created, or for altruistic measure so they could remain in good favor with the higher ranked members? But nonetheless I found this behavior interesting. Disclaimer: Not calling anyone out, just making comments about the behavior I seemed to have observed.

I am glad to see an opinion contrary to mine. As of course everything I say is just my opinion as honestly as I can put it. It may very well be the missing link that turns someones else trading around, or sparks some level of understanding that helps them begin to be better at trading. My comments below are based only on module 1 & 2. So maybe module 3 is the one that would bring it home... although I highly doubt it. I say I didn't like it for several reasons: 1.) The DVD was completely un-interactive. By that I mean it wasn't a video of him showing charts on a trading platform and talking through a chart. There were a few snapshots of a few charts that he spoke through(more on this on point 2 below). IMO this was done in a completely unorganized manner as well. 2.) Next, this seemed to be something thrown together from a video taken. He was giving a seminar, and it was filmed. He then just took that footage and sold it. I think the seminar would be ok if it were free, or just something someone posted online, like a lot of these free videos you see on INO tv. But that he sells it claiming it was going to change your trading...... so what I am saying is that not only was I let down by the content in the video, I was let down by the quality/production of these DVDs as well. 3.) Where is the beef? Again just my opinion, but there was no content in these DVDs. I guess when I hear the name Wyckoff, I was expecting more in the way of analysis. For all of us who have read the Wyckoff original material, it is a bit of a tough read. So it would actually be nice for an experienced Wyckoff technician to explain a lot of Wyckofian principles on a DVD..... and maybe that is what I was expecting. I still to this day haven't seen such a thing from a Wyckoff analysis in real time, it's always in hindsight. So maybe my expectations were just too high. Better off reading everything in this forum, which is never going to equal having someone point these things out real time, but still better than those DVDs. 4.) I haven't watched it in MANY months, but I don't remember him ever getting to any practical application of how to actually make money trading the concepts he portends teach. Again, I haven't watched it in a loooooong time, but I remember him only talking about Buying and Selling Climaxes for the most part? Again haven't watched in a long time. 5.) I just don't think this course is worth the money he is asking for it.... not by a long shot. So... I think it's great if you got something out of the DVDs! I just didn't. Heck maybe I could watch them today and they would spark something in the experience and screen time I have now that it didn't do a year ago? If anyone is interested, I have my set up for sale in the "For sale" section, and you can read my comments there. Not typical for someone selling something enh? I even told someone that asked to purchase mine from me my true thoughts on the DVDs and he decided not to get them. :rofl:

Nice Jon..... I too have been trying to find/discover/locate/understand what momentum is for a while. I still haven't quite found it, but I am developing and idea.

There seems to be a lot of stuff about VWAP over there. Do you have any recommendations, a direct link to the one you know works well, or know which one is the one YOU created?

Good Morning, Recap of Yesterday: Slight gap down, trended down rest of day. As you can see we opened more or less in the middle of one of our ranges, and blew clear down through 3 ranges on a bit of a grind down. Thoughts for Today: Same ranges as yesterday, note the little range area we are in as the market is getting ready to open. Note: As of this typing price has dropped through this box and is headed down towards range extreme.

Good morning, Recap of Yesterday: Excellent day, Couldn't ask for much more with the day we had yesterday. We opened, and broke clear through one range, entered the next and straight to the other side. Thoughts for Today: Here are the S/R, and Ranges as I see relevant. For the open we've given back all gains made yesterday and are currently right back at the bottom of a range.

Good Morning, Recap for 28-30 April 2010: I didn't post updates during these days, but I didn't modify any of my areas. Shown is how price reacted to the various ranges and levels. Thoughts for Today: Not much has changed as you can see once again. I will be watching the AH H/L(pink lines), which may change prior to open. I will be watching that high print @ 2058, and levels above not see are still 63,73 and 83.

I will probably join in the next two weeks or so. If nobody hits the mark in the time period, do you plan on extending the race a set amount of weeks, or turning it into how ever long it takes for someone to hit the mark, or if nobody hits the mark in 20 weeks, is the highest earner the winner? I am just wondering...

I've mentioned it several times in other threads, but for FX you should really give MB Broker a look. They charge a commission instead of them making book with a spread. I have been very pleased with the customer service and their execution platform. Whenever I compare spreads with friends on other platforms, mine are lower 95% of the time. Oanda is horrible, trading with them is like donating money to an unworthy cause. For futures I have a few, my main is Mirus through Dorman, and Infinity through Transact. I haven't had any problems with either. I will say I like the interface of the DOM trading through ninja on my Mirus account more than I do the Infinity DOM with TransAct.

I mean turning a $1500 stake into 1Mil, are we going to go nuts on the back end at 1 Million dollars, if we get $3K shy of 1Mil? If I get to 1Mil, I will paypal you $1500.00. Go ahead, hold me to it. I'm joking btw, I guess compounding starting out it does make a difference mathematically, albeit nobody will follow this path, and it's not reflective of actual trading....

I am tempted to join you guys here. Sounds like a fun exercise if anything. At any rate, good luck to participants with the b**ls to participate, stay on topic, I will be watching!

Good Morning, Recap of Yesterday: Here is what happened yesterday. We did have a huge drop during the GS grilling. But it did occur in a probable area of where we'd expect sellers to come in. I guess it was all the excuse the Bears needed to unload:confused: Thoughts for Today: Given the nice drop back into the range, I have zoomed out quite a bit to show the ranges down below a bit as the may/may not come into play. Just a thought, looks like we may possibly have broken the stride of supply as we tested that 2000 area with that secondary test. Only time will tell though as this all occurred in AH. FOMC today, so maybe this will correlate with a move back up to 2048 based on this activity now at 2000? But again, only time will tell as the day unfolds.

Good morning. Recap of Yesterday: So yesterday was an interesting day. We sold off early in that one timeframe shown below(smaller set of supply/oversold lines). We found some support at what was a former midpoint/level shown labeled "level 1." We then moved up to the next timeframe higher (larger set of supply/oversold lines), and sold off again to about the same level. The rest of the day was spent inside that range. In after hours, we sold off to the lower edge of the big range we highlighted yesterday and found support there. Thoughts for Today: So today, only modification we are making are to the upper range at top. We have adjusted the upper range of it, along with the minor levels in between which have formed a little mini-range, and we will be watching the globex highs(pink line). Remember as stated yesterday, above we have possible areas of 63,73 and 83.

So I finished my first read through this book. I still think it is a good book to have. But..... if you have the original Wyckoff material, there really is no purpose. This is more of a pocket guide to the original course. Just in general, If one is buying this book hoping to have the original material simplified or looking for a "modernization" so to speak applied specifically for those of us that daytrade futures.... just move on. Although there is one section of examples of bond trades, it is still just like the original in terms of explanations. You'll notice that the chapters I listed above, a lot of this is taken directly from the original course. Also, while the charts are updated(from the 80s and 90s), the material is the same. You'll see some of the same diagrams, like the one from the original that shows the purpose of each chart (vertical,pf and wave). Also, do not expect many examples of explanation. There really is only 1 or 2 per section. Also, since this is a paperback, expect to be flipping back and fourth referencing the pictures. This was an annoyance on the original too;) What this book is: Information actually listed in the original course good port from the original in a smaller form Good pocket guide to Wyckoff A good reference piece of material to 'actual Wyckoff' What this book is not: not a simplification of Wyckoff not a 'modernized' adaptation for those of us that daytrade futures not as detailed and with less examples

Good morning. Thoughts for Today: Looks like we are continuing to probe higher. While we've been here before, it was a long time ago. So many of the levels pulled from above are coming from a daily chart. Above where we are now I am watching 63, 73 and 83. Shown are the ranges as I see it them now. Note also the more obvious midpoints as they may come into play. Note: That range up at the top, that is not a clear range atm. The upper edge of it I'd actually see down a bit lower.

Up for sale is the module 1 & 2 Trader's Code 5 DVD set. I have had this set collecting dust for well over 8 months. This isn't going to help me sell this, but I totally do not think this thing is worth buying, particularly new. I can't believe this guy is actually selling this thing. But...if you are going to spend the money on a brand new one, you can get mine for half the price. Asking $150 shipped within US. Foreign shipments I will due $140 + whatever shipping costs are.

Just as a note, I now have this book in my possession. As I mentioned I wanted to buy it a long time ago but for whatever reason never did. Well I am only about a quarter through, but it is a good read. Particularly for the price. I am not suggesting this is supposed to be some shortcut, or replacement for the original material by any means. The book so far seems to be a nice port over from the original Wyckoff material. Similar to the original, there is a lot of material about selecting stocks, creating and composing wave charts of various stocks for all you stock traders out there. Discussed heavily are the 3 different charts Wyckoff used and how each should be used to trade. Anyone who has read the original will find all of the same material there. Also there is the general info about reading a chart. It seems to have the same 'type' of content in the original course. I will report out more on it as I read. Contents in the Book: Part I: Principles of the Wyckoff Method 1. The Early Days 2. Elements of Charting 3. Market Trends in Composite Averages 4. Understanding Group Stock Behavior 5. Prelude to Individual Chart Reading 6. Figure Charts 7. Effective Forecasting 8. Trendlines: Refinements in Charting 9. Selecting the Best Individual Stocks 10. Refining Chart Analysis 11. Maximizing Profits with Stop Orders 12. Intraday Swings with Wave Charts 13. Serving and Apprenticeship 14. Developing a Personal Trading Style 15. Market Strategy Part II: The Wyckoff Method in Action 1. The Wyckoff Method and Bond Futures 2. Anatomy of a Market Move Part III: The Wyckoff Method: Five Steps to Success 1. Determining Trend 2. Relative Strength and Weakness 3. Identifying Opportunities 4. Buying and Selling Tests 5. Timing Your Commitments

Good morning. No recap from yesterday, a bit short on time. Ranges and levels I see are highlighted. Looks like we got a nice reaction right at 45 in AH, along with a close probe to 50. For the opening, let's see if we get a healthy retracement down to a level.

DO NOT BUY THIS!!!! Seriously, you will be pissed.

Good Morning, Recap of Yesterday: Yesterday IMO was a relatively lame day. We pierced the upper range I spoke of yesterday, and opened within that smaller range(shown by blue double area) in between the two larger ranges. I personally was looking for a move to the extreme of one of the larger ranges. There was a legitimate opp around 2022, the upper edge of this smaller range once a dt formed there. Price then began to move towards the bottom of the 2016-1998. Although it pretty much stopped at the 2010 area and took off from there. Thoughts for today: Everything is shown. Although above I will be watching 45,55 and 63 above should price continue upwards. Looks like the current range we are in 22-38/40..... there is a midpoint there shown by the dotted line that looks like it is providing a bit of reaction at 30. So in the immediate area we will be looking for either a move up to 38/40, or a move back down to 23ish.

I don't know this guy, and cannot vouch for him. But for some reason a while back I was looking into ordering this book, and I was looking for reviews too and came across this: [ame=http://www.youtube.com/watch?v=BhUj8M0uqno]YouTube - Book Review - Charting the Stock Market: The Wyckoff Method by Jack K. Hutson[/ame]

Good Morning Recap of Yesterday: Yeah dude, even having the correct areas of interest, I still had a rough day. Even though during the trading day we had the correct idea. So, as we spoke of yesterday, there where two main ranges that came into play. These are highlighted in Red. The short at 16 was clear as day IMO. Then if one bought the bottom of that range, you were likely stopped out(I was). Then we fell right through and to the bottom of the next range and stopped EXACTLY at 86! The long there was clear as day IMO as well. Then maybe one might try a short at the top of that range which would have obviously been a loser. But nonetheless, still a highly profitable day if one tried to enter in those 4 areas discussed above even with the 2 losing efforts, if we played it right(I didn't). Thoughts for Today: I am not changing anything, and as usually plan to focus mainly on the ranges shown here. Here is the chart again showing what I plan to do today. There is still another hour before open so a lot can happen, but take note of what we did in AH and where we are now(two red lines). Looks like we probed that upper range, and may be retracing. Let's see if we open and move to the edge of a range like we did yesterday.

Good Morning, Recap of Friday: Excellent day overall IMO. There was volatility unlike anytime this year. The first two hours presented some nice ranging type trading conditions if you were looking to buy support and sell resistance. Beyond that, mega down day, with BIG intraday movement. Thoughts for Today: Ranges are shown. Things look relatively clear for the open so far. There is that big range price is currently in now(shown w/red square), we've just gotten a slight bounce off the bottom, and we'll see how that plays. There is another clear range directly below, and the ones above it.

Good Morning, Recap of Yesterday: As usual, here is a picture of the day as it played out yesterday with regards to the levels. The levels were a bit unclear as we are still somewhat developing a range up here. Not many opportunities if you were looking for trades at the extremes. The Resistance did come in at about 38 which was pretty close to the 40 we anticipated. The green line is about as close as I personally came to putting on a position but passed due to time of day, and not being close enough to extreme, as it was only a prior swing point and a reasonable place to expect buyers. Thoughts for Today: Today I think we have a much more defined picture of what to expect. We have begun to develop some range up here. Upper edge of this current range is pretty close to 38. We will be watching 45 and 55 above.