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It's not something you look for. When it starts unfolding you will see it without effort because it's obvious.
This works best in higher timeframes. If you want to follow institutional players then you need to go stand on their playground and watch the game. You should focus your attention on entry patterns and sequences and methods of entry because wyckoff is simply the analysis part. Be an analyst before being a trader in other words observe before executing.
Hope that mAkes sense.
I agree, a 2000 tick chart is too small to effectively see large scale accumulation/distribution because it usually happens over a longer span of time; the bigger players can't fill their position objectives without being overtly obvious or moving price out of the range they are interested in within such a short interval.
Thanks for clarifying. Yeah, I've checked out a few of those videos in the past but have learnt a lot since then so perhaps I'll re-watch them over the next few days. Unfortunately I can't watch them live as they're normally in the early hours of the morning for me.
I have heard that NT isn't the best for DOM so will definitely check out Jigsaw. I'm going to experiment with a smiliar style to yours so I can learn how to read the DOM. As in, find an obvious key level then watch the DOM to see if I can see what's happening. Hopefully by doing that I'll learn how to read it and also develop a strategy..
That was a tick chart so it'll be hard to go back and find it, however, I'm still trying to identify a Wyckoff setup so will post another one when I see one and keep the chart open to show how it panned out.
Thanks for that. I'm going to keep my eye out for another setup on a larger timeframe/longer-term chart then post a screenshot when I see one and we can see if I'm right!
Wow, so a 2000 tick chart is too small? I thought that was long-term enough! As an example, would a 3500 tick chart on CL be long-term enough to identify large scale accumulation/distribution?
Dude, seriously, don't listen to me. Every day I do this I realize more and more I don't know what the fuck I'm talking about lol, 'scuse my German. It should be plenty, but it didn't look like accum to me.
did any of you guys scalp or swing trade es futures using daily price movement range, i am currently in a trading room where raghee horner teaches swing trading futures using daily price movement ranges
These points +1000. Just focus on the inside bid / ask. Watch the DOM and don't make any assumptions. Eventually the bid becomes confident. You will see sell orders continue to come into the market, but they will be ignored. There is a decent sized window where the market sentiment has changed but hasn't been completely reflected in price. This is where you click. If you avoid distraction and just focus on this, you will start to see differences in DOM behavior.
I'm a long only trader, so that's why I'm focused on the long side. This was the only way I was able to get to a place of consistent profitability. Market replay in a lot of platforms (specifically NT) is abysmal, so you need to either be sure your platform has a robust replay, or build your own tools. It can be done!