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Be an active member of Wyckoff Nation! Post your chart analysis – past, present or future trades; or post about trading setups or process in general. Discuss Wyckoff related questions with your peers. Make a post and engage with your fellow Wyckoffians!!

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  • This topic has 1,039 replies, 39 voices, and was last updated 2 weeks, 2 days ago by Mahdi.Jrad.
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    Replies
    • #11704
      Frantz Herr
      Moderator

      New thread

    • #11556
      Frantz Herr
      Moderator

      New thread

      • #11715
        juanmatow
        Participant

        Hi all,

        This is the first time that I post in this forum. Thanks to creators for making it possible 🙂

        I’m analyzing the BTCUSDT (from Binance) weekly. I’d like to know the reading and opinion from other members about how I labeled it, if you read more strength than weekness, and about the last closed bar last week which was the first with growing up volume after 6 weeks. I also notice that it was supported above the close of PSY bar.

        Thanks!

        PS: I am not sure  if I’m writing it in the right format or in the proper section.

        BTCUSDT weekly

      • #11702
        juanmatow
        Participant

        Hi, I’m just registered in this forum.

        I’m wondering how to create a new post, I only see ‘reply’ buttons.

        Thanks

        • #11703
          Frantz Herr
          Moderator

          Juan, thanks for registering.  There are some limitations on the forum’s capabilities at the moment, so to start a new thread just reply to a new thread post that I will put up and you will get some responses from other members

          • #11705
            juanmatow
            Participant

            OK, I’ll do in that way.

            Thanks for making this possible.

    • #11100
      Frantz Herr
      Moderator

      New thread

      • #11541
        PnF-er
        Participant

        Thoughts on my thoughts on the ES chart (link) below.

        Thanks!

         

        https://invst.ly/xpv7x

        • #11542
          skoutasg
          Participant

          Thanks for posting because it’s been a long time. Nice looking chart, by the way. IMHO, subject chart looks like it’s in distribution. Markdown should begin soon. Distribution signaled after the high, followed by moving to the downside (accumulation). No further manipulation of the upside looks apparent.

          Attachments:
          • #11544
            Curt Miller
            Participant

            These are both interesting charts.  Its amazing how many interpretations of trend channels can be created.  I think this is one of the things I struggle with is how many different was you can interpret this and which one is the “correct” one.  Here is my chart of the S&P.  Keep in mind its not futures.

            Attachments:
            • #11550
              skoutasg
              Participant

              Quote from the great Richard Wyckoff: (K) Determining whether a trading range represents Absorption (new
              demand) in preparation for a further advance; or Renewed
              Distribution (new supply) in preparation for a further decline.

            • #11552
              PnF-er
              Participant

              Here’s something I’m watching closely.

              Attachments:
            • #11554
              skoutasg
              Participant

              PnF-er: What’s your play – long or short? IMHO, the chart looks like a redistribution which means the bias is down. So, if you plan to go short, it may be a worthwhile trade? Again, IMHO. Happy trading!

              Attachments:
            • #11571
              Frantz Herr
              Moderator

            • #11572
              PnF-er
              Participant

              Interesting.  Would not the fact that selling is still elevated, yet price is rising suggest that its already being absorbed (much effort, no result)?

            • #11573
              Frantz Herr
              Moderator

            • #11582
              PnF-er
              Participant

              My Wyckoff “knowledge” is cursory at this point, and as such, I don’t know what “E” and “R” represent. Also, not sure what you mean by analogs.

              Other than that…. lol    Perhaps asked in a different way I could better understand what you’re seeking with your question?

              Thanks.

            • #11583
              Frantz Herr
              Moderator

              Sorry, E is Effort, R is Result.

              Analogs are areas on the chart that are contextually similar.  By comparing, we can see how Supply and Demand are interacting in a comparative way to get a feel for which force is more in control and how that is evolving.  The gold rectangles are analogs as I see it.

            • #11585
              PnF-er
              Participant

              Here’s how I would view things in light of my net buying/selling indicator. One perspective.

              Thanks!

              Attachments:
            • #11587
              Frantz Herr
              Moderator

              Cool!  One difference between your Trading View chart and mine is the 2016 rally which your chart shows as 2 columns sandwiching a reaction column, and mine shows it as a single column of X’s – the green arrows.  Either way, there is less buying in the first upswing than the second, yet the first is able to extend further above the prior level of resistance; and it holds above the breakout level in a more bullish way than the second column.  Effort versus Result is better in the first instance.  The current consolidation could be absorption, but it could also be an upthrust, remains to be seen.  Above 10 helps the absorption story, below 6 the upthrust with a several possible targets to the downside.

    • #11099
      Frantz Herr
      Moderator

      New thread

      • #11540
        Curt Miller
        Participant

        Frantz – I’ve been watching a lot of your AOT videos with JohnnyScan.  Great Stuff!  I’m working on improving my Tape Reading skills.  Right now I am profitable only 36% of my trades and trying to improve chart reading.  You have been involved with Wyckoff Analytics a while.  Do you have any suggestions on how to improve my tape reading skills?  Thanks.

        P.S – Is there a place we can submit charts for candidates to be discussed on AOT?

        • #11557
          Frantz Herr
          Moderator

          Hi Curt, sorry for the delayed response.  I haven’t been doing enough myself lately of the advice I am going to give you.  The best way, bar none, to improve your chart reading skills is to practice the craft.  How to do that?  Most of the chart services have the ability to pick an instrument and a starting date and then go bar by bar and trade it.  Keep detailed records of your practice trades just like you would if it was in real life.  Follow your Trading Plan rules.  Do this for a half an hour a day every day and you will see your trading results improve significantly.  It takes time and effort, there is nothing else to do as Roman says…

          You can submit one of your trades for AoT to wyckoffassociates@gmail.com

          Take care,

          Frantz

          • #11564
            Curt Miller
            Participant

            No worries Frantz.  I appreciate your comments but I’m still not clear what I should be looking for when going bar by bar.  I have gone through that exercise of going bar by bar and taking trades based on my setups but I have never tracked the data.  I do, however, have data from actual trades.  So far I have tracked 105 trades.  My win % is 36% but still have a positive P&L (somehow) .  I can break it down even further.  My win rate is 25% when taking a trade in phase C, 40% in a Phase D.  Trades that I go long on i have win rate of 38% and a win rate of short trades of 14%.  Every trade is posted in power point available to review.

            I have all this data but I still don’t know what I should be looking for when I look at my trades.  I know I should be looking for mistakes but the only mistake I see is taking too many trades that are losing trades.  How do I change that?  Are there questions I should be asking myself when looking at the charts?  Or will I somehow just absorb the knowledge I need just by tracking this?

            I’m sure there is a lot to digest here.  I appreciate any help.

            • #11565
              Frantz Herr
              Moderator

              Curt, post your best trade and worst trade out of the 105 and let’s take a look and see what we can learn…
              Frantz

            • #11577
              Curt Miller
              Participant

              Hi Frantz – Here are a couple of trades that ended in losses.  ABT is my worst trade because it gapped past my stop loss.  Let me know your thoughts.

            • #11575
              Curt Miller
              Participant

              Frantz – This one is by far my best trade.  A definite outlier of my trading.

              Attachments:
            • #11584
              Frantz Herr
              Moderator

              Curt, thanks.  I want to take a look at EPAM first.  Q1 I am going to assume that your intention with your trades is at minimum to catch an intermediate term (months+) swing?  Q2 What jumps off the page about EPAM compared to the others?

            • #11588
              Curt Miller
              Participant

              Frantz – Yes the intention is typically to buy in a Phase D and my target is based on a PnF calculation.  Every once in a while I will take a an option trade if im looking to buy at support and sell at resistance.

              What jumps off the page is that EPAM seems to work immediately.  There are some small consolidations along the the way but they are quickly resolved and price continues higher.  They are all taken in Phase D but only 1 out of the 5 trades I submitted worked out.  Otherwise I don’t know what to look for as to “why” EPAM worked out and the others didn’t.

            • #11592
              Frantz Herr
              Moderator

              Curt, great!  Before I start with any Analysis of the Trade work with you, the plan is for this forum to be replaced in a different format in the near future.  I’m not exactly sure when, and I don’t know what is going to happen to the posts in here when they shut it down.  Here is my email for us to continue this discussion in case the forum goes away while we are in the middle of what could be an extensive set of posts…  frantz.herr@gmail.com

              Okay, on to AoT.  Here is a summary of what you have told me about your trading so far: You trade stocks.  Your intention with your trades is generally, at minimum, a swing trade of several months or longer.  You have a defined entry point, and you use PnF analysis to establish an exit target.  Your win/loss ratio following your plan has been 36%/64%.  You have been doing post analysis on all of your trades.  Your main goal is to improve your win rate and the overall profitability of your trading.  This is going to require some changes to how you trade.

              I’ve been analyzing the trades you posted in detail.  I will be discussing these trades using the format from the Anatomy of a Trade process that Roman and Wyckoff Analytics have established.  However, I want to take this one step further and suggest how you can use the analysis to refine your Trading Plan to achieve your goals.  In the process, we will work together to create rules based on what we learn from the post analysis of your trades.  So here we go.

              The first step to improving your performance, is to understand the overall market context you are operating in, because that is joined at the hip with the outcome of your trades.  Every Trading Plan needs to start here, and you need a method to evaluate the market context that tells you when to get busy and when to lay low.  In your case, this is one of the keys to improving your win rate.   The post directly below is exhibit #1.

            • #11598
              Frantz Herr
              Moderator

              Curt, this is one possible market condition indicator you could incorporate into your Trading Plan, the S&P Bullish Percent Index.  If you subscribe to Wyckoff Market Discussion you will be quite familiar with it.  I have noted where each of the trades you posted occurred.  If you don’t wish to use this indicator to assess the market’s condition, please let me know what you will be using.

              I have set the time period to monthly to eliminate most of the noise.  When it is above 50, the market can be considered to be bullish, so the most basic first consideration for any trades you make is for this to be above the purple line.  There are some other observations that seem important as well.  This is 10 years of history.  The time spent above the 50 level between drops below it has been compressing.  The overall level of each peak has also generally been declining.  This is suggestive of a market environment that is less likely to produce long trading upswings.  Regardless of the duration of the swings, the best returns are likely to occur early in the rising phase of each swing of the indicator as it breaks above the 50 line or reverses from an approach to it from above.  Notice where your trades occurred.  The first rule if you want to improve your results is to wait for the overall market to give you a tailwind.  This means being patient and waiting for the signal.  Please comment.

    • #10441
      Frantz Herr
      Moderator

      New thread

      • #11192
        skoutasg
        Participant

        RE: XLF

        With interest rates rising, any wonder bank stocks are rising? IMHO.

        Attachments:
        • #11195
          Patrice
          Participant

          It will feel very good for those collecting interest on all the crazy house buying of the last year, especially with increasing rates.

          • #11196
            skoutasg
            Participant

            If those home buyers locked into a fixed rate, then nothing to worry about, unless you plan to sell and buy again soon. Except, higher rates mean lower valuations. Of course, if you don’t plan to sell soon, no worries. Hope you fit into one of the positive categories.

            • #11197
              Patrice
              Participant

              I bought 16 months ago, back when we could still negotiate the price down a little, right before things went crazy. I locked it for 5 years. My neighbor just sold her much smaller house for 75k more than what I paid for mine. Prices inflated by a lot over the last year. I wouldn’t want to be buying right now.

      • #11122
        Patrice
        Participant

        Hi everyone,

        On their charts, Roman and Bruce often use a Relative Strength indicator. This is an indicator I often use but mine doesn’t have that moving average to it (I assume it’s a moving average). Can you tell me more about it? Is it a moving average of the price or the RS?

        • #11128
          skoutasg
          Participant

          RE: HONEYWELL (HON)

          IMHO. Here’s an interesting chart which includes RSMK (same as RS but w/some proprietary adjustments) and the correlation indicator. The latter indicator would confirm you selected the correct index or sector used in the RS comparison. Trade on!

          Attachments:
      • #11108
        skoutasg
        Participant

        RE KO: HAS THE BELL RUNG? IMHO, DISTRIBUTION TRADING RANGE.

        Attachments:
        • #11110
          Patrice
          Participant

          It starded from an uptrend. Bias is bullish. The price has hung to the high of the range for some time after the BC. I find that bullish too. The rally tothe ST is on decreasing volume and fails to reach the top ofthe range. It is then followed by a sharp decline on increased volume. That’s bearish to me. We didn’t see many test of the low but the 1st kind of hung there for a while before to rally up and the 2nd reached lower than the first. The current rally up is very nice though but with all that stuff I consider bearish inthe formation, I wouldn’t be super excited just yet.

          To take with a grain of salt. I’m learning so I probably know nothing.

           

          by the way, what is that indicator that deaw waves on your chart? Soke kind of Weis Wave indicator?

          • #11111
            skoutasg
            Participant

            Thank you for your comments. To answer your question, I purchased the zig-zag indicator in question. Not touting its superiority. You can use the zig zag percent just as well. I like to use fib numbers for the absolute or percentage change. For example, the Dow Theory uses 3%, but other fib numbers such as 3, 5, 8, 13, 21 and 34 have worked just as well for me. This beloved site is purely classical so does not use zig-zag, as the indicator did not exist when Wyckoff set forth his theory. The zig-zag helps me put structure into the price action. It works for me, but may not for others. Trade on.

      • #11097
        skoutasg
        Participant

        RE: MSFT

        What say you Patrice? Anyone else? Time to buy, sell or hold and why?

        Attachments:
        • #11102
          Patrice
          Participant

          Sorry for the late reply.  When I read your post I could not figure weather I would go long or not at that point. My guess would have been to wait another bar and see how it behave after that break above resistance on friday. A test of that resistance would be a buy for me.

        • #11101
          Frantz Herr
          Moderator

          MSFT:  Buy Sell or Hold (by my trading plan rules)…  Currently in a TR, entered from an uptrend, so initial bias is bullish, to be confirmed or fail.  The break of support bar labeled as MSOW has no downside continuation, is the only daily commitment after the break, and quickly rallies back up through support.  Shakeout behavior but needs confirmation.  Confirmation comes after two testing bars, rally is now a spring and an entry signal by my rules (stop buy above the three day highs, SL after the market pulls me in below the lows of the wide spread entry/breakout bar).  Good volume on the breakout through resistance, but bar does not extend beyond 1/2 of the bar above resistance, so Supply is present, expect testing or reaction (move SL to slightly below 1/2 of the range of this BO bar).  The price target would be MSOS highs captured with trailed SL’s if the current upswing continues.  Nothing else to do for now.

          This assumes no previous positions and intention is for a swing trade.

          Thanks for posting Skout.

          • #11103
            Patrice
            Participant

            Hi Frantz, I just want to say that I find your analysis of the situation most instructive. Thanks.

      • #11090
        Patrice
        Participant

        If I got it right, thsi is distribution. The las bar brings some doubts but I guess thenext few days will tell.

         

         

         

        • #11092
          skoutasg
          Participant

          Re: TRMLF – SHORT

          IMHO, accurate analysis of where this stock is heading -down. My chart hints the start of an accumulation range for which we await developments. Happy trading.

          Attachments:
          • #11094
            Patrice
            Participant

            Hi Skoutasg. So you see an accumulation and I see distribution. I’ll go back to studying that chat thats for sure :). What made me think distribution is the failed attempts to rally up after that all time high in early nov. volatility seem to be increasing too. Also there is that big bar down on dec 1st followed by what I considered a weak rally.
            Anyway I’m very new to wyckoff so my analysis could be all wrong.

             

            • #11095
              Patrice
              Participant

              Oh my, excuse my poor english, I realize I might have read you all wrong 🙂

      • #11016
        Patrice
        Participant

        The chart here puzzle me. I cant decide where to place the BC. I kind of want to chose the first which would place us above the creek and now beck against it for the second time.

        on the attached image I labeled SC instead of BC by error.

        any thoughts or tips that could have helped me know for sure where the BC is on this chart?

        Thank you

         

         

        • #11091
          Frantz Herr
          Moderator

          Patrice, the structure could be distribution but there’s always the possibility that the late Nov/early Dec move is a shakeout.  The initial bias would be R-A to be confirmed or fail.  Do you see anything overtly bearish in the structure prior to the upthrust?  Interesting chart, thanks for sharing.

          • #11096
            Patrice
            Participant

            You’re right, it could be accumulation and the Nov/Dec move could be a shakeout. I thought about it but found that came after the upthrust to be rather bearish and of increased volatility. As for your question, no, I do not see anything overly bearish before the upthrust.

        • #11020
          Frantz Herr
          Moderator

          Hi Patrice, I think it would make sense to look for the change of behavior and use that reversal point as the BC.

          A low priced stock like this probably isn’t going to have significant institutional participation, so using the textbook Wyckoff approach may not work as well as with a more seasoned instrument.  Instead, you might consider an approach similar to what Roman and William described in their Tape Reading Lab review of AMC.  The idea is to watch for breakout or breakdown confirmations for your entries and exits.

          Best,

          Frantz

          • #11051
            Patrice
            Participant

            Thank you for your reply. I must admit I wasn’t expecting 2 replies that quickly. You two are very generous of your time. I have to remember what Frantz said and look for the change of behavior when I have a hard time spotting a BC or SC. And its true that this stock may not have lots of institutional interest. Thats something else I must be careful about.

            After reading your replies I went back to the chart and realized looking back enough was helping finding more about where we are here: in the late stage of a 5 year old accumulation.

        • #11018
          skoutasg
          Participant

          RE: GENGF

          Hola!  Thanks for posting. It’s been awhile since someone has posted. Keep them coming. The purpose of this blog is to learn, so no one should ever be shy about what they post. Your couragious. IMHO, this stock may have hit its buying climax or the start of a distribution trading range? Further tests are needed to verify this hypothesis. However, beware that the price jujitsu prior to the climax (also identified as a cup-n-handle or ABC correction) portends that the recent high is a buying climax (BC), IMHO, so expect the price to decline once the trading range is completed.

          Attachments:
          • #11052
            Patrice
            Participant

            Hi and thx for your reply. I didn’t know how to replyto both of you together so I posted a reply above

      • #10671
        ArkadiyRezviy
        Participant

        schw

        Attachments:
        • #10673
          ArkadiyRezviy
          Participant

          schw p&f

          Attachments:
      • #10478
        skoutasg
        Participant

        RE:  AAPL

        Bloggers:  Here’s AAPL.  What do you say – a distribution AR or reaccumulation AR?

        Attachments:
      • #10449
        Curt Miller
        Participant

        Does anyone do the Bias Game quizzes on Twitter?  I am 0-6 in the last 6 weeks.  I can always point out both elements of distribution and accumulation.  I just never know which to put more weight on.

        • #10466
          Frantz Herr
          Moderator

          Curt, have you looked at this week’s puzzle?  I have it as distribution, but Roman has been sneaky lately 😁  Frantz

          • #10472
            Curt Miller
            Participant

            Just saw the answer…. 0 for 7

          • #10469
            Curt Miller
            Participant

            I have it as distribution as well.  The large amount of volume near the middle of the chart (highs) and the price being rejected from these areas makes me think its distribution.  However, the far right of the chart looks like it could be a spring.

    • #10327
      Frantz Herr
      Moderator

      Here are three headers for new discussion topics

      • #10435
        skoutasg
        Participant

        RE: VIX

        I thought to post this chart for your commentary. The VIX has elements of accumulation and distribution but my efforts to map the data have shown mixed results. The wild swings of the VIX remind me of swings evidenced by Robin Hood stocks such as AMC and GME where we see the so-called short-squeeze used for effect. When do we know a quick short squeeze is in the offing? Well, fiddling around, I applied the RSI indicator and RS index (DOG being the proxy) to the VIX weekly chart which produced some interesting results. What are your thoughts?

        Attachments:
        • #10438
          Frantz Herr
          Moderator

          Skout: thanks for posting.  I track the VIX and the $DWCF ATR5 each week as part of my overall market condition update – both are volatility indicators.  I have found them to be coincident measures with little predictive value.  They have both been trending gradually lower since the Covid decline market lows of March 2020, confirming bull market conditions.

      • #10341
        ryanm1982
        Participant

        im new Frantz, like to share some charts if thats ok

        • #10342
          Frantz Herr
          Moderator

          Hi Ryan, please do.  Do you want to post them in one thread or do you want me to set up some additional headers?  Frantz

          • #10345
            ryanm1982
            Participant

            I can post them in one thanks Frantz been studying for about 2 years, I use short term options, and manage my own knvestments, and do really well with Wyckoff (I started with another system so a lot of my charts have indicators). Studied everything, I think I read every known credible Wyckoff resource, and follow Professor Frazer blog. Even got the original course. I’m in Scotland

             

            • #10366
              Frantz Herr
              Moderator

              Thanks for introducing yourself Ryan!  I’ll be looking at your charts this weekend…  Learning Wyckoff methodology can be a game changer!  Frantz

            • #10367
              ryanm1982
              Participant

              Yes thank you Frantz. I was introduced to it, by a friend in another strategy site, he was a friend of M r Weiss.

            • #10368
              ryanm1982
              Participant

              Any feedback, comments or criticism appreciated

            • #10364
              ryanm1982
              Participant

              big view of cycle

            • #10498
              skoutasg
              Participant

              RE: DAL

              COMMENTS: Ryan updated this chart, discovering an error in my wave count. Now looks like the price has entered an ABC correction phase (reaccumulation per se) not a distribution TR as previously opined. This summer is a killer with most campaigns on hold likely until Sept., IMHO.

              Attachments:
            • #10505
              Curt Miller
              Participant

              Skout – “This summer is a killer with most campaigns”  You can say that again.  My gains for the year are starting to dwindle away.

            • #10536
              skoutasg
              Participant

              Curt:  In the same boat must liquid 6-stocks on Monday. MM engineered this coming downturn masterly.

            • #10362
              ryanm1982
              Participant

              delta airline

               

            • #10445
              skoutasg
              Participant

              RE: DAL

              Ryan: Since my last post on 6/17, DAL has indeed entered what appears to be a distribution trading range. Leg D did not surpass Leg B which confirmed possible sideways movement. In the end, you were correct, just saying.

              Attachments:
            • #10371
              skoutasg
              Participant

              Ryan: To me, distribution means a stock in a trading range (TR) which if the pattern is correct means the price will exit below the TR. My daily chart of DAL shows price having recently completed a MMU (measured move up). From here, DAL will either complete another measured move up of legs C, D, A, B or price could enter another trading range beginning at the prior leg B. In a MMU, distribution is good because the Smart Money is causing prices to rise as part of its campaign (it’s selling shares to the public). The campaign will stop at the BC or enter a reaccumulation phase (absorbing more shares) prior to resuming the advance. Just the way I view things, no criticism intended.

              Attachments:
            • #10360
              ryanm1982
              Participant

              couple dist. also

               

            • #10373
              skoutasg
              Participant

              Ryan: Identical to my DAL analysis. Thank you for posting.

              Attachments:
            • #10358
              ryanm1982
              Participant

              i have lots

              this is WDC, didnt trade, marked as an exercise

              i dont want to post too many

            • #10356
              ryanm1982
              Participant

              zoom communications accum

            • #10354
              ryanm1982
              Participant

              wba, made about 30%, kept going without me

              Attachments:
            • #10375
              skoutasg
              Participant

              Ryan: Notice ABC correction. Not a reaccumulation TR but a reaccumulation nevertheless. Smart Money may intend to extend leg C (absorb more public selling) before restarting the uptrend?

              Attachments:
            • #10352
              ryanm1982
              Participant

              bank of america, made about 30%, kept going without me

            • #10350
              ryanm1982
              Participant

              Shell midstream, didnt trade

              Attachments:
            • #10348
              ryanm1982
              Participant

              xom accum, still hold

              Attachments:
            • #10377
              skoutasg
              Participant

              Ryan: The beat goes on!

              Attachments:
            • #10346
              ryanm1982
              Participant

              psxp, large accum base, i continue to hold

              Attachments:
            • #10379
              skoutasg
              Participant

              Ryan: Hold a good idea! One of Buffet’s favorites.

              Attachments:
            • #10381
              ryanm1982
              Participant

              my favourite at moment also,

              thanks

    • #10326
      Frantz Herr
      Moderator

      New thread

      • #10408
        ryanm1982
        Participant

        this is UAL, reaccumulation.

        volume and volatilty reduction

        raising demand level possibly

        Attachments:
        • #10425
          Curt Miller
          Participant

          Hi Ryan / Skout – Thank you guys for keeping this forum going.  I’ve been meaning to post.  Just to weigh in on UAL.  I think the bias is still accumulation with a down trending trading range.  After the ST the price had a SOW that reversed as a spring in Phase B.  The latest reaction down is muted with smaller bars and declining supply.  I would not be surprised if we saw another downward reaction to test the the supply of the April 20th bar.

          Attachments:
        • #10415
          skoutasg
          Participant

          RE: UAL

          Ryan: Regrettably, looks like distribution to me, IMHO. Only time will tell. Look for a break through the ice for confirmation.

          Attachments:
        • #10410
          ryanm1982
          Participant

          point figure, the reaccum and accum targets almost match

          Attachments:
          • #10412
            ryanm1982
            Participant

            drilling into 60min, it has a symmetry, and that supports decision making.

            inverted hs, kind of.

            • #10414
              ryanm1982
              Participant

              the 60min really shows volatility reduction in the bars

            • #10417
              ryanm1982
              Participant

              thanks Skoutasg

              i had this one last week. JD, this is entry assessment

               

              Attachments:
            • #10422
              skoutasg
              Participant

              RE: JD

              Ryan: My daily chart also confirms an accumulation is taking place. My entry would likely await further development of the TR in anticipation of a breakout upward using the daily timeframe. You ‘re on a roll!

              Attachments:
            • #10420
              ryanm1982
              Participant

              this was actual trade.

              short term option

              enter 2.6; exit 5.0

              aprox 90% in a wk

              Attachments:
            • #10424
              ryanm1982
              Participant

              Thank you Skoutasg, yes im.A full time options trader, I think JD goes quite a bit further. And I may follow.It and try and trade the upwaves. I had a short term target, but I was very happy with 90% in a week,.so closed it and relaxed with a bbq, at weekend instead of having live positions. Wyckoff and short term options are very effective if your willing to be quite active

               

            • #10473
              ryanm1982
              Participant

              fcx distribution

              short term option +60%

              Attachments:
            • #10476
              skoutasg
              Participant

              Re: FCX

              Ryanm: Good call. Also, FCS is an excellent exercise in measured moves (MM). Attached, if anyone has any comments.  IMHO.

              Attachments:
            • #10486
              ryanm1982
              Participant

              Thanks Skoutasg. I’m not familiar with measured moves

               

    • #10324
      Frantz Herr
      Moderator

      New thread

    • #10257
      Frantz Herr
      Moderator

      Accumulation or Distribution?

       

      • #10317
        ryanm1982
        Participant

        Apple

        30min accumulation base

        • #10323
          skoutasg
          Participant

          Ryanm: What do you see on daily and weekly charts? How does their status affect your proposed trade?

          • #10330
            ryanm1982
            Participant

            im a short term option trader. here is my live trade, +70% still hold

             

            • #10336
              Curt Miller
              Participant

              Ryan – I’ve been thinking about starting to trade options.  Would you mind sharing how you select options and how it relates to Wyckoff entries?  How far in the future do you select expirations dates?  Do you use the greeks in your selection?

            • #10339
              ryanm1982
              Participant

              the indicators (i know a true wyckoff expert doesnt use indicators); are atrade system, taught by an options expert, when i first came to options thats what i learnt. for a 30min i chose 1 strike out the money, 35 days. set my target. marked my chart, so its planned. if it goes to target (or close) in duration i profit.

               

            • #10340
              ryanm1982
              Participant

              in Dr prudens book, he reccomends incoporating a recognisable reversal pattern, so that Apple chart is an inverted head and shoulers. the head and shoulders target and pf target are about the same

            • #10369
              ryanm1982
              Participant

              Curt, that is Apple trade close

              overthrow of trend line

              +110% on short term option

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        • #10321
          Curt Miller
          Participant

          Ryan – Looks like some absorption near the resistance line of the trading range.

          • #10332
            ryanm1982
            Participant

            yes thats how i read it also, i have been learning Wyckoff, for about 2yrs

             

      • #10298
        ryanm1982
        Participant

        Schlumberger options trade +60%

         

         

        Attachments:
      • #10259
        Curt Miller
        Participant

        Frantz – I’ve zoomed in on the most recent price action.  To me it looks like a structure within a structure or possibly a TR in a BUA.  The recent TR showing some signs of volatility with the SOW then immediately shooting up to an UTA.  However, the volatility seems to be slowing and price is not reaching the bottom of the TR.  Is it working off some of that supply?  I am guessing Accumulation.  I don’t feel confident in my answer.  I have gotten Roman’s bias game wrong for the last three weeks.

        Attachments:
        • #10262
          Frantz Herr
          Moderator

          Thanks Curt, we are in agreement.  Here’s the weekly bar chart.  This is on my WL but I want to see more signs of absorption and good demand before buying.

          The broad U.S. stock market appears to be dealing with hidden supply at resistance and feels heavy to me; so that could put the kibosh on my bullish ideas.

    • #10108
      Frantz Herr
      Moderator

      New thread

      • #10322
        skoutasg
        Participant

        Frantz: You need to reposition the New Thread to the top of the page, please. Skout

        • #10325
          Frantz Herr
          Moderator

          Done.  Roman has been talking about moving all the discussion forums to Discord.  He is so busy – it will happen when it happens…

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