Yo dudes, thanks for the kind words, just a few more things to be aware of-
I am Jako (note there is no 'C' in Jako), I am usually pretty casual,
and I looked like this when trading in the late 1980's
sadly I now look like this...
.
.
These are both Jacko-
firstly the wacko variety-
and also the more crazy type-
Hahaha......
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Probably the world's best authority on all things Wyckoff is David Weis.
It is David who has brought Wyckoff analysis into the 21st century, with his adaption of the wave chart.
(I posted a youtube video of his right up near the top of page one on this thread, which explains David's history...amongst other things Wyckoff)
Anyway, David produces a Free nightly newsletter, which he will send out to anyone who registers an email address on his website.
The newsletter is quite brief each day, and mostly discusses the S&P500 futures contract (ES), in Wyckoff terms.
It is worth registering for this newsletter, as it will help to slowly expose you all to the many and varied terms concerning Wyckoff analysis in the 21st century.
(and any problems with interpreting it, can also be discussed on this thread)
*** Click Here *** for the link to David's Website where you can register.
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And Finally an update to the crude chart I have posted a couple of times on this thread,
(it should actually be adjusted slightly, but still shows the story on the chart quite nicely, so I left it for now).
Since yesterday's update, price has sliced through the first level of resistance below with a wide spread (and if you look carefully you can see a tiny Wyckoff style upthrust of that line on the next bar (which would have been seen much more clearly on a smaller timeframe), and this upthrust of the line could probably have been used as a short entry point if trading that contract).
Remember- Trades often appear at the edges of trading ranges, or at potential support and resistance lines (which are sort of the same thing really).
But it is now making a reasonable attempt to support at the next lower level.
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