Hello,
Sorry I appear to have been loitering in this forum for a long time with no input from me, while trying to study the original course (PDF) from the stickies.
I found my way here from trying to learn VSA and soon discovered that the Wyckoff course appears to put context on VSA and does make understanding the way the market works relatively simple.
I have been making a few spreadbet trades on UK stocks (EOD) because I have a full time job and the daily timeframe allows me to spend time in the evenings. After reading section 7M a couple more times I realised I have not been coordinating my trades with the intermediate swings of the FTSE100 index (a light bulb moment). :crap:
Any way onto my reason for posting:
I have some questions about two charts wyckoff talks about, the wave chart and the position sheet.
Is the wave chart used for intra day trading only or can it be scaled out onto a daily vertical bar chart of a stock/index?
The position sheet, I havent seen anyone in this question thread mention it. Is this chart still relevant today and can someone please explain the instructions on how to create it?
I have really struggled with the position sheet, can it be created from vertical chart or P&F only?
Hope my questions are not too stupid.
edswifa.