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.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Well I mean he followed the average then the stocks that aligned themselves w the average that were ready to move. Wasn't asking about wyckoff specifically but more about the principles. So if I was interested in trading stocks within lets say the Nasdaq I would follow the trend of what? The composite? If its strong find the sectors are strong then the stocks that are poised for an advance?

Share this post


Link to post
Share on other sites

The principles are provided in Section 8. Begin with the market, in your case the Naz. And since the Naz has become a technology market, there's really no need to look at the other eight sectors. So look at the groups within the Technology sector (2) and the subgroups within each group (7 ttl).

 

Or go bottom up: find the stock thru some scan or other, then look at its subgroup, then its group.

Share this post


Link to post
Share on other sites

Dear All,

 

I take time to study quite much method and trading system. But most of them is not suitable for me. Until now I only use Wyckoff method, it is the best method and the best trading system I know. I am really fascinate on this method and I still on the way to understand more about Wyckoff method.

 

For the short term trading (4 day to three weeks), Wyckoff is really helpful, it helps me detect quite exact turning point and make profits for me. But it have some problem with intermediate trend and long term trend.

 

If index move sideway and then take off we can calculate the index target point and follow the trend until the supply over come demand. But some time market don’t move in sideway or only move sideway shortly, it make me in trouble . I am not sure how far market will go and which strategy I should use? You know strategy for the short term rally and long term trend is different. If market is rally in short, I will select high beta and high sensitive stock. if market is intermediate or long term trend, I will select stock in the Rhythm of market (good FA will plus point).

 

Please kindly give me a helps for my problem

 

Many many thanks for your helps

Share this post


Link to post
Share on other sites

Since your questions are general, I can provide only general answers.

 

Trend is trend. It doesn't matter what your timeframe or bar interval is. If your stock is ranging, then the "trends" within the range are bound by the limits of the range. If it isn't ranging, then the stock is free to trend for as long as buyers are willing to buy.

Share this post


Link to post
Share on other sites
Since your questions are general, I can provide only general answers.

 

Trend is trend. It doesn't matter what your timeframe or bar interval is. If your stock is ranging, then the "trends" within the range are bound by the limits of the range. If it isn't ranging, then the stock is free to trend for as long as buyers are willing to buy.

 

Hi DbPhoenix,

 

i know this question is quite general and it is also a difficult subject.

 

i mean that short term: 4 day to 3 weeks, intermediate 3 weeks to 3 month, long term: longer than 3 month and i only use the daily chart for my analysis.

 

i am sure that you know the important roles of determination trend is short term, intermediate term or long term. if we know the rally is intermediate trend, we will hold the stock and don’t sell when trend show the weakness and may will reaction but if we think it is short term trend we will sell if we see some weakness in trend.....

 

in the past, i just trade short term even market trend is long term ( i search on stock market, find out which stock is have SOS and buy it) it is safe but when i review my trading i see that it it better if i hold some stock rhythm of the marker. i think i should change my strategy.

 

really, Wyckoff give us clue if market lateral for a time and we can calculate the target from trading range but if market dont be lateral or lateral shortly we can not count target exactly so we dont not know that rally is intermediate trend or not.

 

i hope you and other experience trader here will give me a helps on this problem.

Share this post


Link to post
Share on other sites

Yes, I understand the difference between short, intermediate, and long term. But as regards trade management, it doesn't make any difference. What you think is irrelevant. Whether or not you decide to exit based on a change in trend on the daily chart while the trend is still intact on the weekly depends entirely on your risk tolerance and, possibly, how fearful you are. If you did not decide before you entered where your danger point was, then decide now. If you're already past it, get out. Whatever targets you may have come up with and whether or not you reached them is beside the point.

Share this post


Link to post
Share on other sites
Yes, I understand the difference between short, intermediate, and long term. But as regards trade management, it doesn't make any difference. What you think is irrelevant. Whether or not you decide to exit based on a change in trend on the daily chart while the trend is still intact on the weekly depends entirely on your risk tolerance and, possibly, how fearful you are. If you did not decide before you entered where your danger point was, then decide now. If you're already past it, get out. Whatever targets you may have come up with and whether or not you reached them is beside the point.

 

Dear DbPhoenix,

 

I got the point. I am just currious to to know that: at the beginning of rally. does you have any guidelineto determine this rally is short term or long term?

 

Thanks you

Share this post


Link to post
Share on other sites
Dear DbPhoenix,

 

I got the point. I am just currious to to know that: at the beginning of rally. does you have any guidelineto determine this rally is short term or long term?

 

Thanks you

 

No. There's no way of knowing. Look at today's action in the NQ. All one can do is follow the trend and the waves.

 

Incidentally, those who do all their analysis in hindsight will give you all sorts of reasons why such and such did so and so, but ask them to do it in real time.

Share this post


Link to post
Share on other sites

Here's something to look forward to. AAPL has been mentioned by quite a few on this thread. V was also mentioned a month or more ago. In any case have a look. Keep an eye on the Nasdaq as a weakness in general market conditions is hard to oppose by any individual stock.

 

One stock is possibly attempting to reverse a downward trend while the other is continuing with it. Which one would you choose to go long if the signal arrives? Why?

 

attachment.php?attachmentid=35562&stc=1&d=1364395093

 

attachment.php?attachmentid=35563&stc=1&d=1364395093

 

Gringo

5aa711d20a795_AAPLDaily.png.425dfb2885d1b42826e8c5c84cf7a3e5.png

5aa711d210b62_VDaily.png.65c388a56579e2b414b999eb999a0e15.png

Edited by Gringo

Share this post


Link to post
Share on other sites

Keep in mind, though, that AAPL is not just any given individual stock. Along with GOOG, MSFT, QCOM and ORCL, it IS the Nasdaq. So following all five of these will give one some perspective on the Naz's future.

Share this post


Link to post
Share on other sites

NQ

 

attachment.php?attachmentid=35614&stc=1&d=1364900247

 

Thanks DB, did not realize at first that although buyers have been making HLs the strength of the advance has been fading for a while.

 

After sellers managed to take prices down yesterday we are still within the boundaries of the TR (Ninja´s historical data looks different from investing.com) and still no LL, so the uptrend still holds. Looks like the MP of the Aug-Oct TR is providing important R. If sellers manage to hold and a LH is achieved then a break of DL would be the trigger to take a short. If buyers manage to break the ascending SL from Jan it would also mark a HH and as we would still be under the MP of the TC a new long could be taken.

 

CL

 

attachment.php?attachmentid=35615&stc=1&d=1364900247

 

After a strong down move yesterday, sellers found S at the bottom of the TR around 96. We are still overbought but the uptrend still holds and no LH is on the way so no short could be taken around these levels.

 

As for a long we are way past that, just wait and see.

5aa711d3ebe16_NQ06-13(Daily)13_03_2012-03_04_2013.thumb.jpg.da82d5eaf73133a05aaf6d000339514f.jpg

5aa711d40125a_CL05-13(Daily)24_03_2012-03_04_2013.thumb.jpg.9c2e2b94baa66e0f784fc5f466df8fcc.jpg

Share this post


Link to post
Share on other sites

CL

 

attachment.php?attachmentid=35616&stc=1&d=1364901518

 

A strong recovery came after S was found around SH of march 26th, the HL above the MP of the last swing was a sign of strength, but the lack of FT above PDH is something to watch from now to the open. We could be at the beginning of a new uptrend leg if PDH is broken and the HL holds or we could be entering the chop longer term in which case we would deal with and inside day. After the break below the DL looks like the LOLR is still up, but given the fact that we are overbought, R can come around these levels easily starting with the MP of the TR at 97.6.

 

Things to do:

 

If PDH holds, short a LH in a smaller interval, if PDH is broken take the first RET.

 

NQ

 

35618d1364901586-auction-market-theory-wyckoff-way-discussion-nq-06-13-60-min-02_04_2013.jpg

 

Buyers stalled around the premarket high yest and a strong sell off came after the PMI data, although the W trader would have taken the long at the REV from R before the data was released (see Dbs post). After the strong down move buyers provided S as expected at the bottom of the TR and around the TL.

 

At the time of this post we are at the Top of the TR where buyers have appeared to be stalling after a strong recovery during the morning.

 

We will have to sit and wait for a REV around R at 807 or a continuation of the upmove above R in which case we will still have plenty of R from previous TRs and PDH.

 

Things to do:

 

Short a REV at R

Go long on a RET at the break of PDH.

5aa711d40a63b_CL05-13(60Min)02_04_2013.thumb.jpg.3ec41b64ab67c2e74b1ca421e2994728.jpg

5aa711d413e2d_NQ06-13(60Min)02_04_2013.thumb.jpg.c2fb31b727395720235324ae83180d06.jpg

Edited by Niko

Share this post


Link to post
Share on other sites

If you're asking generally, see Section 15 of the course. If you're asking specifically, post your chart.

 

And human error is always a factor. It can however be minimized if ego is not a factor as well.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By vishnux
      Hey guys , what are the main things you look for to detect if the consolidation area is accumulating or distributing ? 
      1 ) I see springs in top , still markup happens and it becomes accumulation area and vice versa
      2) There is lots of volume absorption in support line and still markdown occurs.
      3) sometimes in market high / low it becomes re-accumulation  / re-distribution
      Is there any clear way to find it ? 
    • By millonmethod
      Hello everyone!
      I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this)
      I am going to give you some tips that you must know:
      There are going to be many people who tell you that trade is easy, that with only crossiing a line  with another one you will win a lot of money.... and that´s not true.  No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS.   If you have the knowledge to develop it, take your time and do it.  Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!!  Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!!  IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me.
      Have a nice trading day
       
       
  • Topics

  • Posts

    • ADMA Adma Biologics stock, watch for a range breakout, target 26 area at https://stockconsultant.com/?ADMA
    • URI United Rentals stock, nice rally off 829 support area, watch for top of range breakout at https://stockconsultant.com/?URI
    • Date: 27th November 2024. S&P500 at its 52nd new peak for 2024; USD Firmer, Kiwi & Yen Up. Asia & European Sessions: Wall Street rallied into the close with the S&P500 and Dow registering more record highs with the S&P500 climbing 0.57% to 6045, its 52nd new peak for 2024. The Dow rose 0.28% to 44,860.3 for its 46th record of the year. The NASDAQ advanced 0.63%. Trump named Jamieson Greer as the US Trade Representative and Kevin Hassett to direct the National Economic Council. Greer was intimately involved in Trump’s first-term trade policy decisions. President Biden announced Israel and Hezbollah have reached a cease fire. Over the next 60 days the Lebanese army and state security will take control of their own territory and Israel will gradually withdraw its forces. FOMC minutes: Minutes from the Fed’s latest policy meeting revealed officials leaning toward a cautious approach to future rate cuts. All agreed to cut the rate by -25 bps and nearly all thought risks between achieving employment and inflation goals were “roughly in balance.” Upside risks to the inflation outlook were little changed, and while inflation had eased, it remained elevated. The implied December rate continues to hover around a 50-50 bet as we await the PCE price data Wednesday and the crucial jobs report on December 6. The January 2025 rate is priced for a total of 20 bps in cuts, with -75 bps by January 2026. RBNZ cut its cash rate by 50 bps, yet the Kiwi gained as traders analyzed the central bank’s rate outlook and the governor’s remarks. Chinese government approved a 500 billion yuan ($69 billion) bond quota, enabling two state-owned asset managers to issue bonds for funding projects aimed at spurring economic growth. Today: US inflation and economic growth may provide clues to the Federal Reserve’s next policy move. Financial Markets Performance: The USDIndex has dropped to currently 106.459. The Yen climbed with USDJPY pulling back to 151.82, while NZDUSD jumped to 0.5900 despite the RBNZ’s 50 bps rate cut. Oil prices stabilized at $68.84, with optimism over delayed OPEC+ output increases balancing the reduced geopolitical risk stemming from the ceasefire. Gold rebounds to 2653.54, with next Resistance at 2660-2664. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • RBLX Roblox stock, pull back to 49.2 gap support area at https://stockconsultant.com/?RBLX
    • UHS Universal Health Services stock, nice rally off the 197 support area, from Stocks to Watch at https://stockconsultant.com/?UHS
×
×
  • Create New...

Important Information

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