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Updated November 12, 2021
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December 14th, 2020, 05:02 PM
Prince George BC Canada
Legendary Market Wizard
Experience: Advanced
Platform: National Bank Direct
Broker: NBD/BMO/Questrade
Trading: Stocks
Frequency: Every few days
Duration: Weeks
Posts: 1,343 since May 2013
Thanks Given: 264
Thanks Received: 4,231
arman77
the reason i ask is not because of I didn't search I searched and found so much courses and books but they will take years to finish I just looking for the best some say ict some say wyckoff analytics I'm so confused
thank you again
YouTube; Basic stuff,
Pips of Persia
Jack Corsellis
Don't buy anything just watch.
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
December 15th, 2020, 06:48 AM
amsterdam
Posts: 5 since Dec 2020
Thanks Given: 0
Thanks Received: 1
deaddog
YouTube; Basic stuff,
Pips of Persia
Jack Corsellis
Don't buy anything just watch.
thank you that pips of persia was great
December 15th, 2020, 10:21 AM
Owensboro, KY
Platform: TradingView
Trading: ES/NQ
Posts: 198 since Sep 2015
Thanks Given: 197
Thanks Received: 101
I will second Gary Dayton courses!
Sent using the NexusFi mobile app
March 3rd, 2021, 09:00 AM
Dusseldorf + Nordrhine-Westfalia
Posts: 3 since Oct 2019
Thanks Given: 4
Thanks Received: 1
Hi everyone,
I feel like I'm stuck. Currently I'm working through the materials from Wyckoff.
It's maybe the part of the game I still didn't understood.
Quoting
Large operators often test the market for a stock by buying 5,000 to 25,000 shares in order to see how easily they can buy it, or by selling a similar quantity to ascertain how well the market will absorb their selling. Thus they are able to decide which side shows the least
resistance . If they find other people are trying to buy it and that the stock is rather scarce, they regard it as a
bullish indication and take a long position. Or, if the price yields easily to pressure, they regard it as a
bearish indication and take a short position.
First of all I do have a feeling this still is valid today.
But I'm having difficulties to understand what he's trying to say here.
I understood that easy buying of 25.000 shares with a corresponing reaction on the price ladder implies less resistance above.
But what I didn't understood was this part:
Quoting
If they find other people are trying to buy it and that the stock is rather scarce, they regard it as a bullish indication and take a long position.
What is it ?
Is he referring to the 25.000 shares bought before?
That's what I couldn't figure out.
Maybe I'm totally wrong on this. If that's the case I would appreciate a reaction also to let me know that I still am missing some fundamentals.
Many thanks in advance.
March 3rd, 2021, 11:09 AM
Prince George BC Canada
Legendary Market Wizard
Experience: Advanced
Platform: National Bank Direct
Broker: NBD/BMO/Questrade
Trading: Stocks
Frequency: Every few days
Duration: Weeks
Posts: 1,343 since May 2013
Thanks Given: 264
Thanks Received: 4,231
Toolman22
What is it ?
Is he referring to the 25.000 shares bought before?
That's what I couldn't figure out.
Maybe I'm totally wrong on this. If that's the case I would appreciate a reaction also to let me know that I still am missing some fundamentals.
Many thanks in advance.
The way I read it, IT is the stock in question. If the large order doesn't move the price then there is a lot of supply. If the price moves up then buyers have to increase price to entice sellers to sell. (bullish )
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
March 3rd, 2021, 03:00 PM
Dusseldorf + Nordrhine-Westfalia
Posts: 3 since Oct 2019
Thanks Given: 4
Thanks Received: 1
deaddog
The way I read it,
IT is the stock in question. If the large order doesn't move the price then there is a lot of supply. If the price moves up then buyers have to increase price to entice sellers to sell. (
bullish )
So it has nothing to do with selling what you must have bought before as part of the test executed. It‘s just another way of testing. They can test by either:
- active selling
- passive selling
- active buying
- passive buying
Those activities can be pushed into the market in a sequence, but not necessarily.
So they can conduct a series of tests? I hope I‘m not wrong on this.
June 20th, 2021, 10:34 AM
Belgrade, Serbia
Posts: 4 since Jun 2021
Thanks Given: 4
Thanks Received: 4
Hi all.
I'm completely new to trading and in Wyckoff method. Reading through forum posts, Dr. Gary Dayton name was recommended a few times.
After visiting his site, I'm a bit confused on which course to start. There are 10 courses under Wyckoff chart reading.
As a complete beginner with what course should I start with learning? Or should I start with other books/courses and then go with Dr. Gary's stuff?
June 20th, 2021, 11:24 AM
Burnaby, BC Canada
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
Trading: ES, CL, RTY
Posts: 233 since Apr 2014
Thanks Given: 758
Thanks Received: 202
manjina
Hi all.
I'm completely new to trading and in Wyckoff method. Reading through forum posts, Dr. Gary Dayton name was recommended a few times.
After visiting his site, I'm a bit confused on which course to start. There are 10 courses under Wyckoff chart reading.
As a complete beginner with what course should I start with learning? Or should I start with other books/courses and then go with Dr. Gary's stuff?
I would start with his free Youtube video on Wyckoff Principles:
Other free resources for you:
LTG Trading (Gary Fullett), very good on intraday tape reading :
[yt]https://www.youtube.com/channel/UCSmHAuj62kVnkRERVxKRVIQ[/yt]
Gary Fullett also has free rooms on two nights of the week for teaching Wyckoff Principles, you can sign up at his website:
LTG Trading - Gary Fullett - Wyckoff Trading Education -Brokerage : LTG-Trading
At the top it in the banner free trading class on Sundays at 9:00 EST .
Further down the page you can sign up for free stock chat on Wed at 9 pm.
Gary F is one of my mentors and he helped me a lot. I also had mentorship from him. I have also learned from Gary Dayton as well. Both are good.
June 21st, 2021, 09:41 AM
Owensboro, KY
Platform: TradingView
Trading: ES/NQ
Posts: 198 since Sep 2015
Thanks Given: 197
Thanks Received: 101
Gary Dayton’s best course is the Chart Reading Mastery course but like NGTrader said try to find all the free content on Wyckoff first. I also like to read Fiebel’s S&P Chronicles. https://www.feibeltrading.com/the-s-p-chronicles
Sent using the NexusFi mobile app
July 16th, 2021, 02:50 PM
Owensboro, KY
Platform: TradingView
Trading: ES/NQ
Posts: 198 since Sep 2015
Thanks Given: 197
Thanks Received: 101
Does anyone happen to know where this checklist came from? I tried to enlarge and print it out but its blurry and hard to read.
Background Checklist
Last Updated on November 12, 2021