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Wyckoff trading method, page-2309

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09/12/17

08:56

Post #: 29503028
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Originally posted by Jako8557 ↑

Yes, I understand what you are saying to some degree....in the real world they are not always so clear.

However, you also need to look for these principles "in the right place" as well.
In particular, at the edges of trading ranges.......where price will breakout, or breakdown, or fail.
And you want to look for Big principles first, then the confirming indications of those principles for an entry,
it is no good betting on a no supply wave for instance, if there is not some sort of decent buying behind it already, for it to confirm,
that is a good way to be chopped up. In that example, you want to see some decent buying, and the response to confirm it, then the no supply wave, and bet on the successful breakout.

My biggest problem is that it takes a lot of screen time, waiting for things to set up.
So I came up with my own strategies, that better suits my lifestyle, and reduces my screen time substantially (although it is much less exciting and stimulating).

cheers

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Thanks Jako.

I did find that having multiple larger time frames confirming is helpful, but as you say there's a lot of waiting which doesn't appeal to me. Can you share how you went about reducing screen time, or is it a guarded secret?!
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