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Wyckoff trading method, page-1279

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Resurgam

1,392 Posts.

7

13/12/16

18:51

Post #: 21310466
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Anyone see PDN today?

Originally posted by Jako64 ↑

I expect that on a daily basis, the creek has probably been set, although that is not confirmed for sure yet.
The difficulties were found between 7.5cps and 7.9cps (call it roughly 8 if you like), so make your risk reward fit at that level.

And on an intraday basis looking for a long entry, you can only watch for some sort of 'sign of strength' principle, and go with it.
I can't see anything as yet........although I don't know what timeframe you are looking at........perhaps something will turn up this afternoon.......

cheers

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What does the SP have to do to "cross the creek" ? Just close above it? Today was interesting, closed above 7.9c on above average volume finishing near the days high. There is a gap that was filled today so not sure if that complicates things ...

Disclosure - I bought a tiny amount at 8.2 this arvo will put a stop in at 7.8c. Not really the wyckoff way I know (he would of purchased on the test of the breakout / creek - is that right?)

Below is the hourly chart for the month.
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