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Another update. Going back and really studying, not just reading Wyckoff means that posts like these are really resonating with me now.... Viewing the market in terms of the quality of Supply and Demand has been a fundamental shift in thinking, and I feel like I'm finally getting closer to...

I just spent a few minutes transposing that since I've spent a bit of time with T&S lately, so I was intrigued. I think I've officially become a trading nerd :) Either that or I'm just exceptionally gullible if it turns out that was a red herring and troll bait!

Good point. Different strokes for different folks I guess.

Thanks for the response nursebee. Its correct that division 1 of Wyckoff course deals with the larger moves, however division 2 was written with the express purpose of detailing intraday 'tape reading' trading. Both can be found over at TL...

Sorry, I kind of shortchanged you with that reply. Posts like this (#463) from yourself and others were the main catalyst for me undertaking this 'reboot'. I recognised that whilst I knew of the Climax, Tech Rally, Secondary Reaction schematic from prior 'readings' of the course, I hadn't...

Thanks for that Boru! For some reason DB's quote came to mind straight away: The degree to which one experiences anxiety before and during the trade is in direct inverse proportion to the amount of preparation he has done Pretty much sums it up.

Cheers!

To be honest, this process was more the former than the latter. When I did see this behaviour however, I did take note of it in another spreadsheet to go back to for later analysis.

So there were a few interesting things to come out of all of this. Firstly the types of levels and the frequency of these levels being important within the trading day. 23% were Daily and Higher Timeframe levels 36% were Intraday levels i.e ranges created within the session 23% were Globex...

So - over the course of 2014 I highlighted ~550 trades over 192 trading days - give or take. I captured relevant data on reversals, retracements and breakouts that jumped out at me. Not just the clean sharp reversals etc, but also the messy choppy "dammit when is this thing ever going to move"...

Now I have a bit of time tonight I thought I'd post a bit about the backtesting I undertook last week. If this helps to flesh out the bones of a process for others then it will be worth posting. I know I gained a lot out of it as I found the exercise to be really beneficial in a number of...

Sorry for jumping in here, but as I've just gone through this process... For anyone interested in how long it would take to see if this whole approach is worth the effort. (spoiler alert - it is) I was able to do a years worth of backtesting in under a week. I would do it in batches of a few...

A further update on progress; lest inertia set in and I go a couple of weeks before updating the journal. I spent last week working on two main areas; watching T&S in the first 90m and also visually backtesting 2014. I managed to go through the entire year, so I experienced many different...

here you go: http://www.traderslaboratory.com/forums/wyckoff-forum/19140-trading-sla-amt-intraday-week-2-a-9.html#post196859

Cheers. On a lighter note, as to DB's point above. For those who are more visual learners. I give you... There are a couple of recent threads come to mind :)

Thanks for this. To me that is a really important distinction - it's easy to get overwhelmed by the sheer mountain of information available. Keep it simple. Focus on the principles.

true. I keep all of this organised in Evernote, each time I add something new I tag it for easy search and PDF export later. Its the curse of being in I.T for the last 15 yrs or so! Same with my Daily Reviews and Pre Market Analysis.

On a practical level: Since monday I've been going back through the first half of 2014 gathering data ( and experience ) from the 100 Ranges exercise suggested by Db to kp I think it was a while ago? Anyway, from that comes hypotheticals and those then get distilled into specific...

An update on progress, once again more for posterity sake. I'm not expecting anyone else to read this stuff. It annoys me that I have in the past simply taken posts like these in one ear, saved it to Evernote and then let it silently drift out the other ear.... The great thing about these...

One more. There is so much gold on these forums. I've really focussed recently on my Pre Market analysis, posts like this have been invaluable: http://www.elitetrader.com/et/index.php?threads/trading-the-sla-amt-intraday.289624/#post-4086370