Richard Demille Wyckoff Method | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Wyckoff method journals 5 replies

VSA/Wyckoff Trade Journal 16 replies

Keeping focused with demo account (Price action & Wyckoff) 10 replies

Attachments: Richard Demille Wyckoff Method
Exit Attachments

Richard Demille Wyckoff Method

  • #41
  • Jun 28, 2012 10:17pm Jun 28, 2012 10:17pm
To those that don't understand the nature of the market by bluntly talking crap about what it is I am trying to teach here...

This is the same trade I have been patiently waiting to start heading north. The pace is set and I will ride this trade out for a long time...

I have put on more trades however this is not a signal service I did not post those as I would like the inexperienced trader know what it means to have patience and faith in their trades!!!

This thread is not just showing you how to identify big buying and big selling oppertunities but it is to show you, what it takes to sit through the trade until you start enjoying he benefits of your patience and properly leveraged trade.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy_h4.JPG Size: 75 KB
Know when to hold em, Know when to fold em!
  • #42
  • Jun 28, 2012 10:20pm Jun 28, 2012 10:20pm
Quoting goods
I would like the inexperienced trader know what it means to have patience and faith in their trades!!!

This thread is not just showing you how to identify big buying and big selling oppertunities but it is to show you, what it takes to sit through the trade until you start enjoying he benefits of your patience and properly leveraged trade.
We shall see how much higher price can increase through next week. I will be posting other opportunities as time permits and continue to discuss within this thread
Know when to hold em, Know when to fold em!
  • #43
  • Jun 28, 2012 10:27pm Jun 28, 2012 10:27pm
Quoting goods
We shall see how much higher price can increase through next week. I will be posting other opportunities as time permits and continue to discuss within this thread
Ill leave you with this... There is much potential and much room for it to move up. It will either continue, or I will lock in profit and take from the market either way, however the potential for price to rise higher is much better. We must give more patience for price to rise. It will not be a quick overnight thing but when you can get out with a sweet amount of pips for only having to do one trade, then you will be satisfied.
Attached Image (click to enlarge)
Click to Enlarge Name: Oppertunity knocks.JPG Size: 122 KB
Know when to hold em, Know when to fold em!
  • #44
  • Jun 29, 2012 6:05am Jun 29, 2012 6:05am
Quoting goods
Ill leave you with this... There is much potential and much room for it to move up. It will either continue, or I will lock in profit and take from the market either way, however the potential for price to rise higher is much better. We must give more patience for price to rise. It will not be a quick overnight thing but when you can get out with a sweet amount of pips for only having to do one trade, then you will be satisfied.
hi sir i tried trading with the volume regarding accumulation and distribution i would like u atleast to explain on how to judge this accumualtion or distribution using volume or how do u know it and when to enter after these
  • #45
  • Jun 30, 2012 2:17pm Jun 30, 2012 2:17pm
Quoting fxrambo
hi sir i tried trading with the volume regarding accumulation and distribution i would like u atleast to explain on how to judge this accumualtion or distribution using volume or how do u know it and when to enter after these

You need to add the volume indicator and when you see volume (tick volume picking up you know there is a move in play. This is the most basic explanation. I will post some examples later to try to help you out.
Know when to hold em, Know when to fold em!
  • #46
  • Jul 1, 2012 11:45am Jul 1, 2012 11:45am
Subscribing bro! I'm a fan of the method
  • #47
  • Jul 1, 2012 2:56pm Jul 1, 2012 2:56pm
Quoting forexhard
That's OK, neither does he. Just another dead thread in the making. To imagine otherwise is to imagine that the thread was actually begun as a teaching thread instead of a vehicle for perpetrating financial fraud.
Why i keep meeting you and your stupid posts in all new threaths.
  • #48
  • Jul 1, 2012 3:16pm Jul 1, 2012 3:16pm
Looks like alf matt is back old trading buddies from nbt Long time no see nice thread matts sorry to hear from the accident what you posted. Hope alll is well
  • #49
  • Jul 2, 2012 7:32am Jul 2, 2012 7:32am
is there somebody studing the SMI course now? i find what the wyckoff said is very useful in trading,very lucky i am in the right way....
  • #50
  • Jul 2, 2012 4:15pm Jul 2, 2012 4:15pm
Oh Good....You may have made this made memorable in my Forex story...you opened my eyes , I found the thread for chance, I was looking for something missing, and I found it. I've 7 new books in my desktop to be read, several new bookmarks in the browser....I mean...I found interesting things about wickoff,that got me to other material, such as VSA and people like Tom Williams and Steidlmayer with the market profile...I'll start from this thread a long and hard path, but I feel it is worth the efforts, much more than looking for the right 15th indicator to sum up to the others 14 in a coloured chart...this is clever people infos, not clowns.
  • #51
  • Jul 4, 2012 9:20am Jul 4, 2012 9:20am
Quoting dappa
Subscribing bro! I'm a fan of the method

Thank you friend, I hope I can help you in your success in trading. Remember we must always be realistic. By this I mean... You must keep it in your mind the Market is going to do what it does.
Know when to hold em, Know when to fold em!
  • #52
  • Jul 4, 2012 9:21am Jul 4, 2012 9:21am
Quoting Alfredo
Why i keep meeting you and your stupid posts in all new threaths.

Alf my friend it is so good to see you and I am glad you are getting back into trading bro.
Know when to hold em, Know when to fold em!
  • #53
  • Jul 4, 2012 9:22am Jul 4, 2012 9:22am
Quoting ingmarforex
Looks like alf matt is back old trading buddies from nbt Long time no see nice thread matts sorry to hear from the accident what you posted. Hope alll is well
ING my friend I am so glad to see you and thank you for your sympathy, I am getting through day by day. I am glad you are back.

Lets all keep trading NBT
Know when to hold em, Know when to fold em!
  • #54
  • Jul 4, 2012 9:24am Jul 4, 2012 9:24am
Quoting 41413592
is there somebody studing the SMI course now? i find what the wyckoff said is very useful in trading,very lucky i am in the right way....

Sir which course are you referring to? I have never taken a trading course in a day of my life
Know when to hold em, Know when to fold em!
  • #55
  • Jul 4, 2012 9:30am Jul 4, 2012 9:30am
Quoting GiuFab
Oh Good....You may have made this made memorable in my Forex story...you opened my eyes , I found the thread for chance, I was looking for something missing, and I found it. I've 7 new books in my desktop to be read, several new bookmarks in the browser....I mean...I found interesting things about wickoff,that got me to other material, such as VSA and people like Tom Williams and Steidlmayer with the market profile...I'll start from this thread a long and hard path, but I feel it is worth the efforts, much more than looking for the right 15th indicator...

GUI thanks for your compliment I am glad you find this of interest. I have rarely read any trading books, I did come accross Wycoff by accident as I have spent 1000's of hours staring at charts and finally coming up with my own trading plan. In it I came to realize my charts were very similiar market profile as Wycoff was. I dont follow every single guideline by him but I do trade the market profile basically identicle which is why I am using him as a tool to introduce how I believe anyone can extract money from the market. I give him lots of credit. I found success when I started trading this way and he has confirmed it for me by his trading styile. The key to this is patience and moneymanagement.

I dont study VSA I just look at chunks of volume. I guess you can call it VSA if you wish, I just dont use like wide bar spread terms and stuff like that. I dont think its necessary in swing trading but I do think it is necessary to see volume flowing in and out of the market.

I hope this thread helps you out buddy.
Know when to hold em, Know when to fold em!
  • #56
  • Jul 4, 2012 9:40am Jul 4, 2012 9:40am
Today we are going to talk about EURUSD trade setup which I took. This will include the following:

1. market momentum
2. market profile (indications of where price is going) - this is explained very very simple on the chart
3. we will also look at volume.
4. We will look at trend change and how it was spotted and what trend we are talking about.

Please note. I absolutely never trade trendlines as I find them very very subjective. What I will say is that the trend lines that I am point int out on this trade I see the market profile visually without them. I have placed the trend lines to basically give you guys a better idea of the trade path and length that I take. As a matter of fact I did not even put on any trend lines when I took this trade, I just added them for your benefit. Wycoff outlines these areas of confluence as well, He did not necessarily use them however he was able to provide a visual to others of his trading by putting out the trendlines based on the trend he is trading for his audience (students, people reading his material what have you.) We will work with Top down anlasys, Daily, h4, hourly, m15 so I will try to post 4 charts if I can. Please stand by...
Know when to hold em, Know when to fold em!
  • #57
  • Jul 4, 2012 9:51am Jul 4, 2012 9:51am
Quoting goods
Thank you friend, I hope I can help you in your success in trading. Remember we must always be realistic. By this I mean... You must keep it in your mind the Market is going to do what it does.

Hey bro did you get my pm?
  • #58
  • Jul 4, 2012 9:54am Jul 4, 2012 9:54am
Before I post any further charts, if anyone has been following I am going to tell you my EU trade. I would like participation, I think this is one of the best ways to learn if you participate. Please feel free to comment on why I took this EU trade:

Entry Time: 7/3/2012 about 9:30 pm
Short EU: 1.26033 SL: was 50 pips 2653
Current SL 1.2632
Target 1.2450


Current trade 1.25325 (about 70 pips in profit)

Sorry I am having issues uploading charts. Please stand by


Use this chart for a visual but if you would like to post charts if you do I ask that you do on a smaller tf to identify why I would have entered in this market. Feel free to also comment on this H1 chart.

Notice this is a counter trend change as I am selling into an uptrend, however what you must absolutely understand you need to identify which trend I am trading (pullbacks are trends) Please burn this in your head... You must respect the TF you are trading on and know when to Take Profit. This comes in time with humility and becoming humble (the market will do this to you if it has not already)

Remmeber participation will help you learn better than me just pointing out to you. However I will help you on the way.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EU_h1.jpg Size: 160 KB
Know when to hold em, Know when to fold em!
  • #59
  • Jul 4, 2012 10:01am Jul 4, 2012 10:01am
Quoting dappa
Hey bro did you get my pm?
Hi Dappa yes I did, sorry I did not get to respond as my job is very demanding. I am a Sr Systems Engineer in our IT departement so you can imagine how busy that can be. I am posting as I can on my own supplemental time. I would like you to ask your question in the thread so that others can see. Dont be embarrassed, I lost on that trade also. I will give more detail. Lets help eachother out. I think your question will be great with this thread.

Thanks.
Know when to hold em, Know when to fold em!
  • #60
  • Jul 4, 2012 10:28am Jul 4, 2012 10:28am
Quoting goods
Before I post any further charts, if anyone has been following I am going to tell you my EU trade. I would like participation, I think this is one of the best ways to learn if you participate. Please feel free to comment on why I took this EU trade:

Entry Time: 7/3/2012 about 9:30 pm
Short EU: 1.26033 SL: was 50 pips 2653
Current SL 1.2632
Target 1.2450


Current trade 1.25325 (about 70 pips in profit)

Sorry I am having issues uploading charts. Please stand by


Use this chart for a visual but if you would like to post charts if you do I...
I kind of understand why you took th etrade but exactly what made you take the traDE? THE large up bar with iuncreasing volume the day before and the no demand bars that occurred at the end of the day?
0 traders viewing now