My Wyckoff journal

Discussion in 'Journals' started by damnpenguins, Feb 20, 2015.

  1. nursebee

    nursebee

    OP and others,
    My read of Wyckoff is that he was a big picture trader, broad market stuff
    NOT intraday day trader
    Why I mention this is the one post on the first page listing thoughts or comments minute by minute, enough crap to make my head spin===seems to have nothing to do with Wyckoff
     
    #41     Mar 9, 2015

  2. Thanks for the response nursebee. Its correct that division 1 of Wyckoff course deals with the larger moves, however division 2 was written with the express purpose of detailing intraday 'tape reading' trading.

    Both can be found over at TL :http://www.traderslaboratory.com/forums/wyckoff-forum/3877-introduction.html#post68511

    And as to the bad case of verbal diarrhoea from the observations of a previous session. That is precisely why I've undertaken this process to reboot my trading. I had read Wyckoff but not absorbed it.

    The first step to recovery is admitting you have a problem...

    Hopefully I can look back in a while and take note of how far I've come.
     
    #42     Mar 9, 2015
    boru likes this.
  3. dbphoenix

    dbphoenix

    There is also The Daytrader's Bible, below.
     
    #43     Mar 9, 2015
  4. nursebee

    nursebee

    How did Wyckoff get rich? Minute by minute?
     
    #44     Mar 9, 2015
  5. Good point.

    Different strokes for different folks I guess.
     
    #45     Mar 9, 2015
  6. nursebee

    nursebee

    I want trading results as evidenced by growing balances.

    If you just wanna stroke yourself differently...
     
    #46     Mar 9, 2015
    marketsurfer likes this.
  7. dbphoenix

    dbphoenix

    You'd have to examine his tax returns. He died in 1934.
     
    #47     Mar 9, 2015
    damnpenguins likes this.
  8. Another update.

    Going back and really studying, not just reading Wyckoff means that posts like these are really resonating with me now....

    Viewing the market in terms of the quality of Supply and Demand has been a fundamental shift in thinking, and I feel like I'm finally getting closer to viewing the market the way I want to.

    So I'm kicking off my observation phase tomorrow and I'll also start reviewing / analysing the backtesting I did last week....

    Back to my 'Journey' with the borogroves :)
     
    #48     Mar 11, 2015
    dbphoenix likes this.
  9. dbphoenix

    dbphoenix

    Beware the Jabberwock, my son, the jaws that bite, the claws that catch!
     
    #49     Mar 11, 2015
    damnpenguins likes this.
  10. ;)
     
    #50     Mar 11, 2015