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Wyckoff trading method, page-2236

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gypaetus

1,572 Posts.

93

18/09/17

22:39

Post #: 27301902
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Originally posted by Jako8557 ↑

yep I agree....

When lots of volume comes in like that, and price does not breakdown in response, it is almost always an accumulation.
only trouble is.....an accumulation can last for ages....and it is really hard to judge the exact time to buy.
So if I really want to swing trade it, I take a smaller position at as low a price as possible, and buy again after it actually breaks out.

cheers

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Cheers Jako

Yep I've called it quits on accumulating with the accumulators (AWTA), now I wait for the breakout to confirm. When I did AWTA I then found myself not reading the chart but looking to confirm that it was accumulation.
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