Australia's largest stock trading and investment forum Australia's #1 stock forum

Wyckoff trading method, page-1781

First 1781 Last

Share
Profile

Follow
gypaetus

1,270 Posts.

20/04/17

02:01

Post #: 24154779
Share

Originally posted by Incongruous ↑

Yes @gypaetus. When you look at the weekly most of the bars finish strongly or at least in the middle as though those down bars didn't really affect anything. There's selling and then there's supply. Selling bars can be just noise in the big picture, supply over demand is more definite — more volume and range with follow through, a break of the ice, massive effort vs result, a notable event, that sort of thing. This is why point and figure can be important, it takes you into intrinsic time and gets rid of noise. It isn't just one bar but the wave. It was something I noted from Gary Fullett — an excellent Wyckoffian. Something I latched onto as not immediately jump to the conclusion that it's supply taking over on a threatening bar when it could be innocuous.
Hopefully I'm not creating confusion. @Jako64 may have some thoughts on it in a VSA sense. Have been getting a lot out of his explanations. Thanks Jako, by the way.

Expand

OT - I'll have to get you explain point & figure to me I cannot understand them at all
Upvote

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 678 more messages in this thread...

First 1781 Last

SPONSORED BY