Trading the Wyckoff Method: Today's S&Ps Last night, we held a seminar on trading the Wyckoff Method focusing on the signs of strength and signs of weakness. We incorporated Tom Williams’s work on the SOS and SOW and my work on coordinating these with multiple time frames. It was a terrific group of traders, asking incisive questions about the material. We went on for … [Read more...]
Trading in News
Trading in News Amid all the political events today of the US federal government being shut down, another Trump ally, Roger Stone, being indicted, and everyone finally agreeing to reopen the government, the market traded back and forth. In this kind of environment where events or news can have a surprising, if temporary, effect, I like to keep size small and targets close-in. … [Read more...]
Using the 3-10 Oscillator
Using the 3-10 Oscillator In last night’s Deep Practice, I was asked to teach a little about using the 3-10 momentum oscillator. This is a tool I used extensively for many years. I found it best to use with a 20-bar moving average as a measure of central value and as a surrogate trend line. Although there are many uses of the 3-10, some, like divergences, are never a part … [Read more...]
Trading Wyckoff Springs
Trading Wyckoff Springs We love trading Wyckoff Springs. In the right market context, they are my 'bread & butter' trades. Wyckoff Springs graphically represent a stark imbalance in the supply - demand equation always operating in the market. After reaching a low, as at A, the market rallies and then returns to the 'scene of supply' by revisiting that area on a push … [Read more...]
Technical & Psychological Aspects of Trading
Connecting the Technical and Psychological Aspects of Trading How does a trader integrate the technical & psychological aspects of trading? In our weekly Deep Practice program, traders come together to actively learn and practice trading the markets. Often, we will look at a specific market principle in some depth. We did that in Thursday’s Deep Practice. We looked … [Read more...]
