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Yes, usually is easier to see the PA without so many lines, especially without Trend Channels that in some cases framed my attention in some things that are not relevant enough as the price behavior
Regarding to this: how can I start to explore with the Danger Point? Something related with Reversals and S/R?
Never make a commitment until you have decided, in advance, where the danger point exists in that stock*.
Richard Wyckoff
*or futures contract or bond or option or ETF or . . .
Danger Point. Sounds like something by Tom …
There are various ways of entering a trade. Entering solely on the basis of one's risk tolerance isn't nearly enough as one can easily rack up loss after loss. One must also exercise at least some minimal competence in reading price behavior. Given that, entering in relation to the danger point is one option. If you haven't read Wyckoff's course, Ctrl+F the course using "danger".
@DbPhoenix do you trade? I mean for a living, like as your primary income, from real trading, on a daily/weekly/monthly/yearly basis.
Do you ever make any trades in this thread? Do you ever actually list a trade direction? Do you ever talk about anything other than hindsight charts or theoretical lines on a chart?
The purpose of the thread is to explore Wyckoff's approach to tracking and trading imbalances between supply and demand, particularly with regard to the NQ, though those who are more interested in other mean-reverting instruments are welcome to post charts of them. If the thread is in the wrong place, my apologies. It's fine with me if it's moved.
It appears as though this thread is in the wrong place. So I've moved to here and started over. Given the sloppy beginning of this thread (my fault entirely), a new start may be best for everyone, both those who are familiar with the material and those who are completely new to it.
Charts for tomorrow have already been posted. Those who have posted here are just as welcome to post in the new location.
There was nothing wrong with the location of this thread. I was just questioning your experience and if you are a sim trader or actually trading cash, because so far there is no evidence you're trading anything at all in a professional manner.
I believe it's extremely dangerous to tell people they can follow a few lines or ramblings from 50 years ago and make money, especially when you provide no proof of your actual trades to substantiate anything you are saying.