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Gary Fullett
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Thank you for the kind words. As you mentioned, I would be happy to answer anyone's questions. Gary
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There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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Here's the chart I promised. Gary There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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I'll be happy to post a chart with a hinge later on today. Hinges can occur for the upside and the downside as well. Gary There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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As part of our daily newsletter, we include P&F charts. As far as the other things that are omitted from forums, I think it's mainly because traders are looking for buy and sell setups versus the text of the Wyckoff course. Certainly if there are any questions about the 5 steps and the 9 buying and selling tests, I would be more than happy to discuss them. Gary There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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Mr.Gary.....
i am very interested to study vsa and i need mentor for what i do
is that available in your web site?
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The midway retracement of a market is something that Wyckoff observed in his work. It is not an edge of a market, that should generally allow for a trade. If a market is trending, there is greater probability that the trading range will make a move in the direction of the trend, unless there is action that negates it. For example, if you have a sequence where you can identify the selling climax, the subsequent trading range is more likely accumulation for higher prices versus distribution for lower prices. Gary There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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What you labeled as preliminary support is not preliminary support. There are two areas to enter the trade. One, which is more aggressive, would be to identify the absorption or hinge before the jump over the creek, and the best way to buy the market would be the area you labeled as a retest of the jump over the creek. Gary There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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First of all, let me say there really are NO silly questions. I appreciate you having the courage to ask. P&F charting is only used for count, which indicated the potential for how far a move can go. It is not used like a bar chart vehicle. Also, keep in mind that it's only a guesstimate, which Wyckoff used. Volume is relative to the area that it's trading. So the volume today wouldn't be comparable to the volume 6 months ago, for example. Keep time frames separate from one another. A 5 minute chart may show excessive volume due to a report or news event, but it may not be comparable to a 60 minute chart. The key to understanding that is to understand the trend and the background of the market. In uptrends, we want to by springs and the springboard. A buying climax, unfortunately, is really only seen in hindsight. So it's difficult to determine when it's actually occurring. Gary There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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That bar that you see is a supply bar and is bearish. The subsequent behavior after that bar is also weak demand. If the trend is up, this could be a shakeout bar. If the trend is down, this indicates the likelihood of lower prices. Gary There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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Sure. I use CQG. There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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Yes! Great job!! Gary There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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You obviously identified a market that was going through some bottoming action. Though I would label things a tad differently, the main part of what you did was excellent work because you identified the proper Wyckoff sequence. Gary There is a substantial risk of loss in trading commodity futures, options and off exchange foreign currency products. Past performance is not indicative of future results.
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I've been trading using Wyckoff methods since 1982. If Wyckoff trading is what you prefer your method to be, I would seek out the PURE Wyckoff course and teachings, versus any derivative of Wyckoff. Wyckoff is the "bible" for price, action and volume, so I would refer to that directly. It is true that Wyckoff works in all time frames, and with all markets. Of course, I would stay away from very low priced stocks. With forex, from what I understand, it is somewhat difficult to get accurate volume. Gary
