Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

tradealot

Members
 View Profile  See their activity

  • Content Count

    6

  • Joined

  • Last visited

Everything posted by tradealot

  1. tradealot
    I never actually put much emphasis on Forex, until I began studying it. Ease of entry but unregulated. Stocks are better for Wyckoff trading, but it also works for Forex since there are many traders using it for FX, I assume it works. Volume might be tricky but FX is an interbank market essentially, so Smart money is there leaving there tracks.I have been testing your SLA method on the FX markets and you can find the points of change. Why do you not use volume. Thanks!
  2. tradealot
    Does SLA work with Forex. I suppose this method is based on Richard Wyckoff, Wyckoff traded stocks not Forex so there is some debate there about Volume and price action in relation to orders coming in. Got a few questions. Are the green and red dots entry points and when you say chop, are you basically referring to ranges or side way movements. I have tried this method out on some charts and find it interesting.Thanks! I haven't tested it on Forex since I have no interest in Forex, so you're on your own there. The level of volume throughout the session is not a factor in the SLA. The greens are longs and the reds are shorts. Any sideways movement can be chop depending on how one wants to play it, if he wants to play it at all. A range can be ten or twenty or thirty points or more wide. Chop tends to consist of overlapping waves that provide no consistently profitable entries.
  3. tradealot
    Actually I have read that PDF. I find it very interesting. I am trying this method in my trading. I plan on re reading it. Very different from traditional indicators, like MACD, STOCH and SMA's and EMA'S. Actually no indicators just trend lines. So far I have found it rather easy to use, but only time will tell. Thanks!
  4. tradealot
    Actually I have been reading the free E Books on Wyckoff. Just when I thought I had read it all up pops another book. I plan on reading both books as I have skimmed over them, and they look very informative. The office trader and the tape reader. I need to go over some of the threads since I do study Wyckoff, but to be truthfull I never looked at how he really traded. Just hints here and there, but it looks like, from what I have been reading on your site and some of the material, Wyckoff followed the trends, ranges and corrections very closely And not like VSA which I have also studied.From A PDF called ("The straight line approach.")So that in it self is a big change in what I have learned on Wyckoff so far. Thanks!
  5. tradealot
    I have been seeing this quite a bit lately. SLA and AMT. What is this meaning, excuse me for being ignorant on this subject.
  6. tradealot
    I am new to this site. Looks like a good place to hang out, learn and share. I trade Forex right now but hope to add Equities later. I study Wyckoff mainly, but I also use other methods. Hope to gain some knowledge on Wyckoff.. MT4 is my platform.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept