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A Weis/Wyckoff trading journal


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  #1 (permalink)
 jiaqiangmit 
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
Posts: 84 since Aug 2017
Thanks Given: 18
Thanks Received: 10

I was mentored by David Weis, busy with work for years, decided to trade again.
I day trade commodities in China, which are usually tiny future contract, mostly RB(Rebar).

I look on charts for:
Support and Resistent
Trend lines
SOT (shorting of thrust)

The setups I decided to confine are:
1. Spring
2. Upthrust
3. Test of breaks
4. Light pull back after COB.

My problems:
1. Trade randomly
2. Trade on my imagenation
3. Force trade, Like to reenter after a trade closed.

I must bear in mind the Sequence of scan of charts:
Structure-waves-bars
Daily-hourly-15min-5min

This is Mr Weis's picture: Where to find trades.

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  #2 (permalink)
 jiaqiangmit 
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
Posts: 84 since Aug 2017
Thanks Given: 18
Thanks Received: 10

Snipaste_2023-05-18_19-12-07

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  #3 (permalink)
 jiaqiangmit 
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
Posts: 84 since Aug 2017
Thanks Given: 18
Thanks Received: 10


Snipaste_2023-05-18_23-12-55


Still overtrade is a huge problem.
Should bear in mind Where to find trades, build a reasonable story, and do not trade agaist the trend!

On the right the 11 wave is also a light pull back after COB (34 wave)


Also, when it comes to oversold, the down wave on the 1min chart is climatic in volume.

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  #4 (permalink)
 LakeEffectTrading 
Grand Rapids, MI
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 8 since Aug 2023
Thanks Given: 1
Thanks Received: 6

I am just learning about Wyckoff and Weis. What timeframes are you trading on and are you scalping, swinging or position holding? Thanks

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Last Updated on August 15, 2023


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