Gary_Fullett joined. abc163 good evening all Gary_Fullett good evening Ory Hi abc and Gary roger good evening Brian_O good evening Gary abc163 hi ory joe_s good evening all Ory hey Roger roger hi ory Dmitry GE Gary_Fullett did u all get charts? joe_s y Ory yup Dmitry y abc163 y Brian_O y roger y rich joined. Gary_Fullett great Gary_Fullett foe those who are in europe Gary_Fullett or stya up late i will eb tradign the currecnis live tonight Gary_Fullett with a wyckoff software Gary_Fullett that we are testing reasl time Gary_Fullett real Gary_Fullett so so from 2 am cst Gary_Fullett to 10cst am will trade that software Gary_Fullett bring cofee though Gary_Fullett so i will go thru chats maybe finish a bit early so i cna get to bed Gary_Fullett any questions? abc163 spot or futures? Gary_Fullett both Dmitry what software? Gary_Fullett the guy im working with is from austriia Gary_Fullett so he does spot Gary_Fullett i will do futures Gary_Fullett so both Gary_Fullett it is a softwar ehe wrote Gary_Fullett he wrote with spring upthrust ect Gary_Fullett and has trade dit in austrialia in currecnies Gary_Fullett and stocks there Ory Wycoff software Gary_Fullett so will try it for us stuff tnigh Gary_Fullett he named it quantum Gary_Fullett any q ? Dmitry Quantum chart (Rayn Jones)? Gary_Fullett no Dmitry ok Gary_Fullett davif blundel is his name Gary_Fullett david Dmitry thx. Gary, can the closes of the bars be mostly low end close during absorption? Gary_Fullett generally not Gary_Fullett usually mid range Gary_Fullett okay? Dmitry and it should be ib MOST bars? Gary_Fullett sometimes light volume low end clsoe can be absorption not often Gary_Fullett yes more than not Gary_Fullett mid range or higher Dmitry thank you Gary_Fullett yw Gary_Fullett in te es Gary_Fullett we had a move to the rtl Gary_Fullett reverse trned line buckeye joined. Gary_Fullett this line si simply an ove rbought line on thsi chart Gary_Fullett you can tell ove rbought by the rtl line and p and f Gary_Fullett in ths case the the rtl line and the reaction high is near the same area Gary_Fullett do u see this area Gary_Fullett so it is some confirmation Mr_Steve left. Gary_Fullett but w emust repect the range Gary_Fullett and we must not be estaslished short until we see some supply Gary_Fullett or a change of behavior Gary_Fullett so we need to see stopig action to eb short Gary_Fullett there are 2 ways to play this if long Gary_Fullett 1 get out Gary_Fullett 2 sell 1/2 Gary_Fullett and keep a stop on the others Gary_Fullett so it is a line to eb respected but not a trned changer Gary_Fullett a su cna see if u go sidewasy Gary_Fullett the market rrl increases to the up side Gary_Fullett so ebcomes less ove rbought by being sldewasy or slighly lower Brian_O rrl? Gary_Fullett rtl Gary_Fullett reverse trend line Brian_O :_ Brian_O :) Gary_Fullett sorry Gary_Fullett fat fingers Gary_Fullett so w ecna see the nice up channle Gary_Fullett u cna say Gary the up trend line males no sense? Gary_Fullett and to a great degree it doesnt Gary_Fullett but it tels me a story with theUP channle Gary_Fullett channel Gary_Fullett becasue to giive sme over bought line Gary_Fullett so i cna draw a parallel channel Gary_Fullett understand? Brian_O y, Brian_O and lines can be modified down the line Dan y Gary_Fullett goood Gary_Fullett yes Gary_Fullett and lines should eb changed Gary_Fullett to tell a story Brian_O rtl seems secondary to creek at this juncture, no? Gary_Fullett it is Gary_Fullett parallel lines are always seconadary to the rtl lines Gary_Fullett this si a guide Brian_O I was referring to the resistance at creek not the rtl parallel Danny_T joined. Brian_O 112950 Gary_Fullett the horizonatal lines ar eseondary to trend lines Gary_Fullett wyckoff didnt use them often Gary_Fullett correct Brian_O but I have started drawing the rtl first and it does seem to help skylar joined. Brian_O Wyckoff didn't use trend lines often? Gary_Fullett yes use them Gary_Fullett and alwasy draw them Gary_Fullett it is important Brian_O lol, OK Brian_O Bob Evans introduced ice and creek, correct? Gary_Fullett correct Gary_Fullett it wsnt a wyckoff term Gary_Fullett bob evena swa sa afrmer who coined them Gary_Fullett wyckoff used horizotal lines Gary_Fullett trne dlines as i ahve shown u cna be sloped variosu was Gary_Fullett so horizonatal lines are the oens to draw Dmitry left. Gary_Fullett so any q on the es Brian_O basically, use both trend and horizontal Gary_Fullett the wider barr on lighter voume Gary_Fullett is a lack of supply Gary_Fullett not demand since the bar was wider Gary_Fullett trend line channles Dmitry joined. Gary_Fullett and horizonatal lines Dan q on es Gary_Fullett yes dan Dan would you go short at the rtl line.. Gary_Fullett good q Gary_Fullett u can witha atop Gary_Fullett but remebe ru r bucking trned Gary_Fullett so if it doesnt react get out Gary_Fullett but u can Gary_Fullett if u are agressive Dan thank you Gary_Fullett its matter of niche Gary_Fullett agressivemsness Gary_Fullett style ect Gary_Fullett but it is at a edge that u can trade rayw joined. Gary_Fullett good quesions Gary_Fullett learnto trade at the edges Gary_Fullett very important Gary_Fullett makes the risk less Gary_Fullett becaus eu know the danger areas Gary_Fullett understand Gary_Fullett trade at the edges danger points Ory yup Brian_O y Gary_Fullett what do u se in beans Gary_Fullett simialr to es Gary_Fullett we have Gary_Fullett a rtl lne and we have a retest of creek Gary_Fullett in tis case we have a wide bar Gary_Fullett not an upthrust Gary_Fullett but a retest Gary_Fullett the market colsoed well of the highs Gary_Fullett whthe last bar is a small bar becase the next days tradng began Gary_Fullett BUT what would u expect Gary_Fullett the alst bar to look like? Dmitry lack of demand Gary_Fullett the wide bar? Dmitry small bar Gary_Fullett the last baer is only like 2 hiurs old Dmitry i mean Gary_Fullett so dont look at it Gary_Fullett with the wide bar Dmitry or of course! Gary_Fullett what would expect the next bar to be? Gary_Fullett after the wide bar Dmitry wide bar - some stopping action CMan left. Dmitry expect foolow throuh Dmitry down bar Gary_Fullett so lower. Danny_T I think it will trade inside the wide bar for a few days and test the top of that bar before heading down. Ory SOT skylar reminds me of a chart you did last night, illustring supply not showing itself? Danny_T It needs momentum to jump the creek hokah joined. Gary_Fullett ahh skylar great greta eyes Gary_Fullett so not supply Danny_T If it jumps the creek here it has to leave the channel Gary_Fullett so what do u expect Ory effort and no result Dmitry we expect supply bar larryg joined. Gary_Fullett well if no supply Gary_Fullett with a poorer close Gary_Fullett i wild expect lower to support and a retest Gary_Fullett back hihger Gary_Fullett to test Gary_Fullett wouldnt u? Gary_Fullett sinc eno supply Gary_Fullett if the cm sees no supply Gary_Fullett u can look for a palce to buy Song joined. Brian_O 1st area of support 9900 Gary_Fullett do u undertad why? Brian_O why you would buy? Because there is no evidence of supply Dmitry because trend is up, and demand still in control Gary_Fullett lack of suppy Gary_Fullett so w elook to buy unrtrend Ory i guess so Brian_O buy after a fall back to support that is Gary_Fullett correct Gary_Fullett buy the support Gary_Fullett if u have a daly chat u can see th action Ory now that makes sense Gary_Fullett wihtut supply Gary_Fullett without supply Brian_O do the April highs represent an intermediate creek area? Gary_Fullett u wnat to buy breaks in an up trned Gary_Fullett untill supply Gary_Fullett not miuch but some Gary_Fullett not enough congestion Gary_Fullett its a reaction area Gary_Fullett but not so muc resiatnce buckeye left. Gary_Fullett but now will eb support on a retest Brian_O it looks like it met some selling which may have coincided w/ the Dec lows Gary_Fullett corret Brian_O yes, that is what I meant, that the July action represented a joc and a retest would represent a buying opportunity Gary_Fullett correct Ory correct Brian_O thanks, just want to make sure I'm seeing it correctly Gary_Fullett good eyes Gary_Fullett so lack of supply Gary_Fullett wont have mark down Gary_Fullett any q? Ory i,m good Brian_O not sure if you mentioned this before, you probably did, but did Wyckoff place more emphasis on the rtl than the parallel? Ory which chart are we doing next Gary_Fullett BOTH Gary_Fullett he took the channel Gary_Fullett i try to stress this in the newsleeter Gary_Fullett as u can sew eby these chats Dmitry So last wide bar was some selling (profit taking) Gary_Fullett yes Gary_Fullett obviosly Gary_Fullett at creek Gary_Fullett and the rtl line Gary_Fullett so an area to stop the up Gary_Fullett undersatnd? Dmitry When i trade for example FTSE futures, should i carefully look at SnP futures? Gary_Fullett no Gary_Fullett lok at es s ndp Gary_Fullett not ftse Dmitry i mean i trade FTSE, for exp Dmitry America lead other markets Gary_Fullett i wouldnt correlate them Gary_Fullett ftse is the lodon stock market Gary_Fullett london Gary_Fullett corn Dmitry good Gary_Fullett what do u see heere Gary_Fullett u have volume off the bottom at the lwos Gary_Fullett and then an upthrust Gary_Fullett the volume Gary_Fullett was higher than beans Gary_Fullett so this was some supply Brian_O not sure of the implication of that scenario, vob and upthrust Gary_Fullett so corn dint act as well as beans Dmitry Brian_O -- retest of VOB Gary_Fullett vob Gary_Fullett is demand rally Dmitry buy opp Gary_Fullett demad is needed ina down market Gary_Fullett vob just starst the process Gary_Fullett if u notice Gary_Fullett after the vob Brian_O is there some implication w/ an upthrust following vob? I can see that the vob would represent a buying opportunity but wasn't clear if the upthrust following it had some add'l meaning Gary_Fullett the top Gary_Fullett so u cna see the retst Gary_Fullett of the vob Gary_Fullett retest wa ssupprt Dmitry Gary, does this upthrust on corn is signal to exit for traders who buy? Brian_O OK, so was the late July reaction low a retest of the vob reaction low? Gary_Fullett vob high Gary_Fullett the retest happned Gary_Fullett draw a horizonatal line Gary_Fullett from the vob high Gary_Fullett and the lows at 362 Ory so corn is short position with stops Gary_Fullett u can sell te retest with the stop above the UT higs Gary_Fullett highs Gary_Fullett but we cn form a trading range Dmitry does high vol uptrust -- exit signal form long position? Dmitry in this situation Gary_Fullett it says buy stops Alvin left. Gary_Fullett tha cause dte extr volume Gary_Fullett with new longs Ory one can form an apex Gary_Fullett yes Gary_Fullett any q? Gary_Fullett wheat Ory very clear Gary_Fullett see the parallel channel Brian_O y Gary_Fullett so te rtl line is an ove rbought line Gary_Fullett iit si ove rbouhgt Ory but momentum is strong Gary_Fullett and thus the pullback today to back in the chennel Gary_Fullett channel Gary_Fullett correct ory Gary_Fullett but wheat tops like this Gary_Fullett not syaing a top Ory thxs Gary Gary_Fullett but could be pre supply i here Gary_Fullett but ove rbought wheat Song can we say wheat is emotional? Gary_Fullett all marest are t times Gary_Fullett all markets can be Gary_Fullett but ove rbouhgt Gary_Fullett the rtl lne Song may I ask what is rtl line? Gary_Fullett reverse trend line Gary_Fullett oppiste of a trend line Ory or supply Ory line Song thanks Danny_T Resistance trend line Song thanks again Dmitry but if light vol, small ranges pull back will follow -- we can buy wheat again, right? Ory yw Gary_Fullett opposite of a trenf line Gary_Fullett ove rbought over sold line Gary_Fullett possibly dmity Gary_Fullett any q thus far? Gary_Fullett ok Gary_Fullett quiz Gary_Fullett i am ending a ta dearly tonigt so i cna get 4 hrs rest Brian_O do you see any signs of cob? Brian_O w/ regards to wheat high? Ory best of luck Gary with trading Brian_O largest vol on this chart Gary_Fullett i dot see ending action in wheat Gary_Fullett if thsi was some type of hgh Gary_Fullett would eb pre supply Gary_Fullett but thus far it is ove rbouhgt Brian_O close off high Gary_Fullett and corrective Brian_O what type of action would you term presupply? Brian_O and I know you need to get going Gary_Fullett wide bar Gary_Fullett with increased volme Gary_Fullett a break Gary_Fullett a sharp corrwective break Gary_Fullett this leads to a buyi cliamx Gary_Fullett it si the way the cm talks to other cms Gary_Fullett by signflying Brian_O not sure what you mean by a sharp corrective break since this bar is wid and has increased vol Gary_Fullett that the bc is coming Song so the cm is trying to work together Gary_Fullett yes song Gary_Fullett its posible this is pre support Song thanks a lot Brian_O do you see the bc coming here? Gary_Fullett u r welcoem song Gary_Fullett at some point yes Brian_O not trying to overanalyze but want to make sure I see what you're saying Gary_Fullett the next few days will tell us Brian_O got it thanks Gary_Fullett if we correct lower Gary_Fullett thenmaybe the bc Gary_Fullett u r doing great brian keep aksking Brian_O I will but I know you want to cut it short this evening Gary_Fullett everyoen sknowledge is differnt Gary_Fullett its okay only rest lol Gary_Fullett quiz chart Brian_O I've never been accused of being shy :) Dmitry :) Gary_Fullett good Gary_Fullett what do u see on the quiz? Dmitry JOC, SOS, absorption skylar left. Brian_O I looked at before we started and thought it might be going lower but obviously...... Dmitry and then retest Danny_T high volume supply bar larryg demand bar 11 bars back, sort of JOC roger left. Gary_Fullett suply bar? larryg then retest of reaction high (creek) at 30 area on less vol Brian_O good pt, Larry Danny_T I mean demand Gary_Fullett okay goood Gary_Fullett great larry g Gary_Fullett go to page 2 Gary_Fullett chnage your mind? Brian_O how would you describe action after demand bar Gary, same as Larry? Gary_Fullett it was a joc Gary_Fullett and the retest of support Gary_Fullett formed a higher trading rage larryg seems bullish, ready to rally here Gary_Fullett increased vlume on the joc Gary_Fullett rigt sid of the range Song compare this chart to wheat, so next action will tell the truth, right? Gary_Fullett and the market mantianed its gained Gary_Fullett yes song Brian_O also, descending triangle in uptrend, bullish, w/ confirmation of course Danny_T I find that if it closes above the high of the volume bar it will usually go up and if it closes below the bar it will usually go down, is this the case most often. Brian_O but I digress Gary_Fullett good eyes Brian_O only if it makes me $, right? Gary_Fullett thats demand Gary_Fullett danny goood Gary_Fullett right brian Gary_Fullett go to page 3 Gary_Fullett and it was bullish hokah left. Gary_Fullett great eyes larry and ll Gary_Fullett any q? Gary_Fullett on anything Gary_Fullett amos tommorw Gary_Fullett for the webianrs on on sunday Gary_Fullett u need to register Gary_Fullett at the site Brian_O thanks Gary, great session Gary_Fullett so the front of this site will alow u t do sign up Gary_Fullett since it was just added larryg ty gary, very good Gary_Fullett ty brians for yoru impute joe_s thanks Gary Gary_Fullett ty ty abc163 thx gary Gary_Fullett ba rby bar on sunday Gary_Fullett with vsb Gary_Fullett ty lal so much night Ory TY Gary,,,,,,,,,,,good luck tonight Gary_Fullett left.