Not every trade works out.  We discussed the spring on the USD-JPY FX Cross market on the 4-hour chart in the free webinar held this weekend (video available at link below).  We were looking for a pullback into the blue circle area and test of the spring.  Tests confirm that selling has abated and give a good entry point.  Unfortunately, this spring did not test. Instead, it … [Read more...]

Yesterday, we had a large turnout for the free webinar we did as a preview to Chart Reading Mastery.  Thank you to everyone who came!  Several people registered but were unable to attend.  So we have provided a link below where you can access and watch the video recording. During the webinar, I was asked if the Wyckoff Method as I use and teach it is applicable to the … [Read more...]

We tend to focus on the small, intraday time frames on this blog.  That's natural, because that is the bulk of my trading.  I received a request, however, for a chart of the Weis Wave on a weekly basis, which I sent to the trader making the request.  This request came at an opportune time for me because of some personal changes that are likely to happen in the next week or so … [Read more...]

We are having a free webinar tomorrow to pre­view our Chart Read­ing Mas­tery course that begins next week.  This course is designed for traders who would like to learn to read the mar­ket by its own action using the Wyck­off Method of Mar­ket Analy­sis.  Through this course you can learn the skills of top traders, be able to antic­i­pate mar­ket moves and iden­tify high odds … [Read more...]

As we anticipated last night (see that post by clicking here), we saw further downside today.  Despite the selling, we were not able to go down to the next significant level of support (1380 area).  We, instead, held higher. Holding a higher support, along with pushing back up above yesterday's low and closing well, puts us in a position to try and rally tomorrow.  I'll be … [Read more...]