Friday, 5 November 2010

Wyckoff Forum by DbPhoenix

Has been reading DbPhoenix Wyckoff Forums over in Traders Laboratory for a while now. It's style of trading with very similar to what Anek advocate in his AHG - Trading without indicator.

Trading without indicator "forces" one to immerse one selves in PRICE. To feel the pulse of market.

It is also with this understanding of price that one can look for "area" of interest. To trade only when price reaches an area where we can look out for "signs" for advancement or reversal, and not middle of no where.

DbPhoenix is very generous, as Anek, shared freely his insight in trading and gave many examples and writeup in the forum. It is definitely an eye opener for me.

Thursday, 4 November 2010

20101104


Pre market moved to high. Expecting it to drop back to ~2155. Not an easy play as there is no reference as to when it'll peak before reversing down - a full 30pts move from where it is now.

Friday, 20 November 2009

20091120


No clear level. very tight range.