Thanks, I will have a look at it again tonight when i get home,...

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Rx7driftking

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29/08/16

10:38

Post #: 18757410
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Originally posted by Jako64 ↑

That is a good effort Driftking, and it may be all correct.
However I can't help but think you are trying to force the chart to conform with the Wyckoff schematic you are learning from.
(probably because you are just starting out)
The textbook world can be a lot different to what goes on in the real world, where things get started then dumped, or are completed then the instrument is ignored, or some don't even have much or any professional interest (just larger and smaller stockholders battling with each other), and others have multiple groups of professional interest involved......it is not clear cut like the textbooks.

So just use those schematics as a guide, where sometimes they will describe the price action very well, and at others it is a bit vague.

I just looked at the last 18 weeks or so, and saw that the spreads were narrowing on those first two arrowed bars (think about that.....),
then a shakeout kinda bar on high volume, and the next two bars were up (think about that.....)
Then it was a bit difficult to be sure of what was going on (a hallmark of distribution or accumulation.....)
Then those last two bars (arrowed) had increasing volume on downbars, with no follow through, and instead the next bar was up each time.......

cheers

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Originally posted by Jako64 ↑

Sorry, I had to finish that quick and dash out for a sec,

Don't be discouraged, you do have to learn about those Wyckoff schematic and understand them, because the individual principles are seen regularly and often in the markets. Just like you will also look at the the relative qualities of individual bars and volume, when compared to each other, to also suggest what may be going on in a particular stock.

Just work your way through & learn and understand all the various principles.....and it is a lot to take in all at once I know.

cheers

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Thanks,

I will have a look at it again tonight when i get home, i think so too, im trying to force the trade to shape my expectations
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