Sandbox

[DbPhoenix 42]

Spooky

 

 

 

So much that can be tested . . .

[ChartAction 10]

I just wanted to introduce myself and say hello. I started learning technical analysis about 6 years ago, initially through William O'Neill's famous book. I read IBD everyday and went to IBD meetups and this was a great kickstart for me in TA, but after awhile it seemed like there had to be a deeper understanding that one could gain that was missing from my learning.

 

That is when I did some research and found out about a graduate level program in technical analysis in my area. While taking the introduction course I learned about Richard Wyckoff and my next 2 courses there were dedicated to his teachings, the Wyckoff I and Wyckoff II courses. I've now taken 4 courses and after my next one this fall in Behavorial Finance, I will earn my certificate in Technical Analysis.

 

I feel so fortunate to be learning the methods that Richard D. Wyckoff discovered during his life on Wall Street. And it's great to have this meeting place to discuss it with other interested traders. Armed with Richard D.'s incredibly insightful way of seeing the market forces at work and understanding how to harness that understanding to our advantage, we can all help each other out to be the best traders we can be.

[DbPhoenix 42]

I just wanted to introduce myself and say hello. I started learning technical analysis about 6 years ago, initially through William O'Neill's famous book. I read IBD everyday and went to IBD meetups and this was a great kickstart for me in TA, but after awhile it seemed like there had to be a deeper understanding that one could gain that was missing from my learning.

 

That is when I did some research and found out about a graduate level program in technical analysis in my area. While taking the introduction course I learned about Richard Wyckoff and my next 2 courses there were dedicated to his teachings, the Wyckoff I and Wyckoff II courses. I've now taken 4 courses and after my next one this fall in Behavorial Finance, I will earn my certificate in Technical Analysis.

 

I feel so fortunate to be learning the methods that Richard D. Wyckoff discovered during his life on Wall Street. And it's great to have this meeting place to discuss it with other interested traders. Armed with Richard D.'s incredibly insightful way of seeing the market forces at work and understanding how to harness that understanding to our advantage, we can all help each other out to be the best traders we can be.

 

Welcome to the Wyckoff Forum, though I'm afraid the "Wyckoffians" are long gone. I keep the forum open because all my Wyckoff stuff is here, but I've moved on from it for various reasons and am currently using my "straight line approach", derived from W's trendllines and supply/demand lines. The most recent iteration of it can be found in the AMT stickie above.

 

Have you tried trading or simtrading what you've learned in your courses?

[billbose 10]

DbPhoenix,

 

I have enjoyed reading several of your Wyckoff posts in this forum a few years ago.

Is there any reason why you stopped using Wycoff technics. Does it imply that Wycoff methods are not suitable anymore based on current trends?

 

Thank you for all your Wyckoff posts in this forum.

 

You're welcome. And, no, there's no implication that W's methods are no longer suitable. To the contrary, they are more suitable than ever.

 

However, getting people to read the course, much less study it, was like pulling teeth. And there's no point in starting and maintaining a journal if one hasn't studied the material. Plus there's the Wyckoff Posse out there spreading a lot of misinformation through their books and courses and toys and whatever, so people get turned off, even though they were never exposed to Wyckoff in the first place.

 

So I decided to stop arguing with and about the Posse, put all that behind me, and write my own approach based on what is most important about Wyckoff, primarily Section 7. That seems to have done the trick for at least a few, though finding people who are willing to study -- as opposed to setting their money on fire -- is as difficult as it's always been. The advantage of the SLAB (see the stickies) is that I don't have to work so much anymore; I just tell people to read the book. If they then have questions, fine. And if they don't want to read it . . .

Edited June 28, 2015 by DbPhoenix

[ChartAction 10]

Hi DbPhoenix,

Sorry to hear that your Wyckoff forum is pretty much dead. I have heard that a lot of traders don't know much about Wyckoff. In case you are interested in attending, there is a conference on Wyckoff called 'Best of Wyckoff' coming up in San Francisco on August 15th, I plan on going myself. Linda Rashke, David Weis and my professor, Hank Pruden are among the speakers who will be there. If you think anyone here would be interested, I could share the details.

Oh, and in answer to your question, I have traded in a live account using my knowledge of Wyckoff. And even in this sideways market I have been pretty successful, which makes me thankful I have taken up trading and don't just put my money to work in mindless indexed funds.

Cheers,

CA

 

The Wyckoff Forum may be dead, but there's quite a bit of activity stemming from the SLAB.

 

Few traders know much about Wyckoff because his course didn't become available until just a few years ago. Until then, anyone who was interested had to get by with interpretations, such as Evans' (with the ice and the creek and the spring and so forth).

 

It's good to hear that you're enjoying some success with it. Before you get too much further, you may be interested in looking at the original course. There are to me some significant differences.

Edited June 29, 2015 by DbPhoenix