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Looking at what's currently available re Wycoff's work, I notice a book I hadn't seen before: Stock Speculation Classics. I've never heard of most of the people included, but 12 titles which include Wyckoff's Stock Market Technique #2 and Neil's Tape Reading and Market Tactics, all for $6.95 used, is a hell of a deal.

 

Unfortunately, there's only one copy. But a little googling should find other copies elsewhere in case this is gone by the time you get there.

 

Edit: I did a little googling myself: http://stockspeculationclassics.com/

 

That's a ridiculously low price. And I thought I did a hell of a deal when I bought a distressed copy of Stock Market Technique for just $6.48...

 

Found the above collection on Ebay as well:

"You are buying from the editor/publisher himself"... so I think there's more than just one available...

 

Note: the $6.95 says "new", not used. Even more amazing :shocked:

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With the Nasdaq and QQQQ bouncing off the lower quartile border of their channels, the DJIA off the center of the Jan-April range, the SP500 off of "value" or the upper border of its range, and the Russell 2000 and Midcaps moving strongly to recent highs, I exited SDS and went long MA, STEC and CSIQ today. Hopefully this will last a bit.

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I ordered them myself and got both books delivered today. Incredible price, they are fresh printed books (not used ones) and the seller (publisher) was very accommodating.

 

Given that this was an international air mail order, the speed at which the package was delivered was even more amazing. Just thought I'd make an update.

Edited by DbPhoenix
update

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I ordered them myself and got both books delivered today. Incredible price, they are fresh printed books (not used ones) and the seller (publisher) was very accommodating.

 

Given that this was an international air mail order, the speed at which the package was delivered was even more amazing. Just thought I'd make an update.

 

Who did you order it from, what was the extra postage cost? and more importantly if you have gone through it, what do you make of the contents.

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Who did you order it from, what was the extra postage cost? and more importantly if you have gone through it, what do you make of the contents.

 

It doesn't matter if you order if from Amazon or from stockspeculationclassics.com, both originate from the same publisher. Shipping costs depend on your location and whether are not the national customs department charges you with an extra fee.

 

I paid $25 in total, which is really a bargain considering those are normally the shipping costs I have to pay when ordering a product from the US.

 

Going through the +1200 pages however will take me considerable time and I have set those books aside for my summer literature. If I get through them, I'll try to provide a book review, but don't hold out for me :)

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Added to the SDS position on the close of June 17th as it appeared the rally in the SP500 was ending.

 

The SP500 chart shows the rally into support on declining and low volume into the NR7 day (white bar). The down trend appeared strong because the last pivot low and down trend line could not be reached, because it stopped near the 50% retracement and because it rallied for only two days.

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Closed the AUDUSD trade for a small loss on 6/19 as it rallied back too far. Haven't been able to get anything going in Forex-land for a couple of months now following an explosive start.

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Closed the SDS position on 6/30 that was initiated on 6/6 and added to on 6/17 as the SP500 reached the 3rd STD MP target near the bottom of the range. The narrow spread/high volume on 6/27 (SP500) showed possible demand entering and I didn't give it any room in the target zone.

 

Took a long position in GG on 6/26 as GDX (gold miners) looked as though they were moving off the bottom of the range with the nice wide spread/heavy volume break of value and resistance lines. GG was chosen because it is the strongest in the group and was looking to break out.

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Any thoughts on the Force EOD?

 

There's a positive divergence but there hasn't been the large up move yet that accompanies bottoms.

 

nic

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Edited by DbPhoenix

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Thanks for the chart. Is is the force EOD or intraday?

 

I know how "secrets" indicates to calculate force, but have been wondering for the longer term why EOD force would not work. (EOD data is so accessible).

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Thanks for the chart. Is is the force EOD or intraday?

 

I know how "secrets" indicates to calculate force, but have been wondering for the longer term why EOD force would not work. (EOD data is so accessible).

 

I haven't given it a try. The Force uses intraday swings so it multiplies the effects of volume shifts and would seem to be much more sensitive to turning points on the daily charts.

 

nic

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Edited by DbPhoenix

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sounds like i got it from a book??...sorry ive been studying wycoff from DB and all other resources i have but certainly did not copy it from a book. just recalled it from memory. so if you think you can interpret market action better than wycoff id sure like to hear it agekay?

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I've only read "Studies in Tape Reading" (1910) by Richard D. Wyckoff, because he seemed to have not been able to trade profitably after publishing that book and instead turned to writing books and selling newsletters and general holy grail services. What I remember from that book is that he explains how pools manipulated individual stocks (similar to how it's described in "Reminiscences of a Stock Operator" by Edwin Lefevre), which is not applicable anymore, and he basically just described that big orders at the ask drive prices up and big orders at the bid drive them down, which is pretty basic knowledge nowadays, so I don't see much value in that book. You didn't actually see the current best bid/ask at that time, but he explains how you could figure them out from the trades (the same information that is shown in today's time & sales), so that was pretty innovate back then, but again just basic knowledge today.

 

I've explain just above your post how prices change. There is no need to make up an elaborate story that you can tell someone at cocktail parties, just watch the time & sales and order book all day and you'll notice a few patters. These patterns are very specific to every market, so it would not be very helpful to generalize them here.

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thank you for comparing my explanation to that of a published author though...i take that as a compliment

 

Sorry, that was not a compliment. I have a very low opinion of all trading authors, even the popular ones. "Those that can, do. Those that can't, teach."

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Hi AgeKay

 

Are you planning to contribute something related to Wyckoff in the Wyckoff forum other than saying you have no need for it and think it is useless? If you think Wyckoff is a waste of time, maybe you can start another thread elsewhere to discuss the problems you have with it and explain why your method is superior and let the people who want to discuss Wyckoff related topics do it here?

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I am sorry. I'll leave your thread alone so that you can discuss your made up cocktail party stories about trading to explain what has happened after the fact.

 

I assume this means you won't be opening another thread to discuss a little more about what you do and why you think Wyckoff is not worth your time? That is really unfortunate since you thought this was worth your time to come to the Wyckoff forum to say that this is useless and it sounded like you might have more concrete examples and comparisons with what you do to share and contribute, but it appears that I was mistaken. No hard feelings. To each their own...

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It was a typo :)
Damn, I didnt notice I made that "typo" 3 times :rofl:. Funny because in Czech there is exactly the same difference so I cannot blame my poor English skills either.

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