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Wyckoff trading method, page-987

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LeBigMac

706 Posts.

25/09/16

23:20

Post #: 19410500
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Originally posted by Jako64 ↑

I don't know if Crabel had studied Wyckoff analysis, but he obviously understood some Wyckoff principles, especially the 'hinge', and LP Supply & LP Support.
In particular the 2bar & 3bar, as well as the NR4, NR5, NR7 & especially the ID/NR4 set ups, which all fit pretty well with typical Wyckoff principles.
I do note that these setups Crabel tested, did not have an expected direction, but suggested that a strong move one way or the other could be expected.
(using wyckoff style horizontal S&R along with some trend lines and the overall trend, can often help with the probabilities of direction here as well.......)
Perhaps I should put these rules into a spreadsheet, and test them for myself for a while......

cheers

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Cheers Jako, another little thing to watch out for in conduction with Wyckoff, I have found a copy of Crabel's book to read after Ta2H.
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