ES Journal Archive (2006 - 2008)

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Quote from smilingsynic:

It works because undercapitalized traders place their stops too tightly.
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I've never read Wyckoff, but I know it's a binary trade. You'll know immediately if it's a continuation, so you can keep a tight stop if the reversal fails.
 
For those who do not know what Wyckoff and Livermore--and others from their generation--said, some publisher a few months ago put out a 2 volume collection of old stock market books (in the public domain, so there is no copyright): A COLLECTION OF STOCK SPECULATION CLASSICS.

Wyckoff's and Livermore's books are still in print. Amazon has them, as does Trader's Press (I have a first edition of Livermore's book on how to trade in stocks). They are well worth reading.
 
Quote from atticus:

I've never read Wyckoff, but I know it's a binary trade. You'll know immediately if it's a continuation, so you can keep a tight stop if the reversal fails.
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Oh man, Im loving this now. And if the reversal fails "be like water" and you will be on the right side of the move many a time.

See I just had to pull it out of you chaps.
 
confluence of trendlines projecting to 1455.

edit: stop run down with force to that point then reversal into channel.. is the scenario.

the other is no downward move, and just upward spike.
 
Quote from smilingsynic:

Wyckoff's and Livermore's books are still in print. Amazon has them, as does Trader's Press (I have a first edition of Livermore's book on how to trade in stocks). They are well worth reading.
More...

OK
Day Traders Bible Richard Wyckoff

How to trade stocks Jesse Livermore

Have just been uploaded :eek:

Only available to contributors to this journal :D
 
2:30 est.... hmm.. just cleared the 70 stops.. looks like it wants 80..its getting late will be almost 3 soon...

for the vix differential... the spooz should have caved more..
 
ANOTHER Wyckoff spring. Did you guys catch that? The powers that be wanted to accumulate for the afternoon rally to the upper 70's. So it was driven down until the stops were blown at 1470.

The tip off was the big volume burst on the 1-minute chart. It is as if all of those who bought from 71-75.75 just threw in the towel--get me out NOW at the market.

If it drops a few points below 1470, however...
 
just created a custom quote Vix-ES.

it wants 80 or higher.. MM's too smart to let people buy cheap..

they want to strand the shorts below.. who are still short hoping for a retrace... to get out yesterdays move.
 
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