Wyckoff trading method, page-1900

I feel for the frustration you're going through, and when trades don't go right or you can't identify them it get's even more frustrating, which can cloud your judgement even more making for a vicious circle.

Given the frustration that RXP is causing it may be best to temporarily let it go do it's thing and revisit it in a few months time.

Regards PHK when you say you didn't paper trade it because it was too risky that's confusing. As far as I understand to paper trade is to pretend trade - you only do the trade on paper not in actual fact - so the risky trades are the ones that you paper trade to see what would happen without risking any money.

As far as being risky, I don't like the look of the PHK chart either - it's too scrappy. I don't like charts where you have to use the weekly view for it to look coherent.

Of the list of stocks that you posted earlier the two I liked were BKY & OVH - not saying there were trades in them at this point but worth watching. Two stocks I'm looking for re-entry on are CL8 (although it may be experiencing distribution - it's certainly encountering supply) & NTI, I'm also watching KDR & CAT - not saying that you should consider any of them, but just to give you an idea of where I go hunting.

Regarding the charts being one big bundle of frustration, I check about 100 charts a day and I'm lucky if I find one that's interesting - doesn't mean there's a trade in it just that in the future there might be. One thing I did find that helped though was changing from using candles to bars - I also found that the software I was using for tracking my trades (HUBB Investor - it's free & provides free daily data) was better for charting than the CMC charts.

Hopefully some of this is helpful to you Beany