Wyckoff trading method, page-235

Hi Jako

I am still trying to work out whom you are related to, whether it is David Weis or Tom Williams or even Big Mike???.........anyways...

Firstly thanx for creating that chart picture. I take on board your comments re zones and agree re the retailer. I find it interesting though to hear how the support/resistance zones are respected on those big international futures. At present, those futures I do not trade in, so have not had the chance to see these levels respected in real time. Hopefully later on down the track I will be able to do so. It is quite fascinating to think just how much respect these zones are given, and actually think how amazing they are to be so respected.

That chart is quite something. I look at it as a picture of art, more so that just a chart. A number of things stand out for me.

I did both exercises...I focussed purely on price action and the lines of s and r.....then couldnt help myself to attempt to work through those additional numbers which assume are contracts/volume.

1. It makes me realise just how little that I actually know about charting VSA/Wyckoff, however the pennies are slowly beginning to line up,
2. Those numbers that you have added, are they pure contract numbers/volumes?
3. I picked up the mushroom top and tilted W break to the upside without a problem
4. 63 to 31 is an upthrust
5. From a trading perspective around the bottom of the chart (42) where it pushes higher to (3), then small retracement followed by another upward leg. Where there is a retracement to (75) would you consider that to be a successful test of demand and initiate a long there?
6. Markers 10,42, 3 and 75 are interesting when combined together...and indicated that the market was having a hard time moving lower?
7. 474 and 494, these are large numbers are Bullish ie high, when combined with 113 I am guessing here, that based soley on those previous 2 bars ie 474, and 494 when compared to that pullback on 113, I would expect it to run higher,

Making good progress, will be off the air until tomorrow Jako, and thank you again for those insights....

Cheers
GF