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GGG looks like it's heading in the right direction, has had some...

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14/10/16

17:47

Post #: 19871972
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Originally posted by Jako64 ↑

No, That was a good find, no doubt about it, and it was exactly what I was doing when I became interested in VSA & Wyckoff analysis.

By writing out the above, I was just trying to shorten the learning curve for you and the readers of this thread. And you do need to learn that stuff anyway. But finding the absolute lows of a range, and trying to get a position there is very difficult indeed, and the timing may end up shaking you out anyway.

Most successful VSA/Wyckoff traders end up moving on to trade the mark up (or mark down) phase, in whatever timeframe, and using whatever instrument you choose. This is where the least risk is to be found, although it does mean that you will always miss out on some of the trend at the start and at the finish (so you need to come to terms with that.... for instance - Steve Phillips would attempt to get between 60% and 80% of a trend, at the max).

cheers

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GGG looks like it's heading in the right direction, has had some accumulation, appears to be marking up, pullback for a test of the recent breakout
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