Gary_Fullett joined. Gary_Fullett good evening Ory Hi Gary Brian_O good evening Gary Gary_Fullett i shold have sent the cd chart that i traded today Gary_Fullett for clients crapgame joined. Gary_Fullett to show the set ups though i desribed them on the site Gary_Fullett I have had alot of folks asking with 1` on1 webinars so i will have these scheduled before our classes Gary_Fullett I wa soverwhelemed by the repose for that Gary_Fullett i will be having a webinar for pfg on Tuersday the 7th form 130 pm to 3 pm central ad SFO magazine Gary_Fullett and a live tradign one on the 21st of the month Gary_Fullett one on one is a great way to go over the fine aspects of wyckof wiht me Gary_Fullett okay any q? Gary_Fullett i have a bout 5 charst then steves charts Gary_Fullett there is a great bar by bar on the 60 min chart on these charts Gary_Fullett no q? Gary_Fullett te next webinar will eb sunday i relieze its labotr day but it will be there for thw archoves i am still workig out the kinks there PiggyBack left. Song joined. PiggyBack joined. Gary_Fullett so lets begin Gary_Fullett also ty for the accoutns i appreciate it and honored Gary_Fullett es daily Gary_Fullett mini es Gary_Fullett i have said for months Gary_Fullett that we will deevlop a tradign range Gary_Fullett and probably be there for a whiile Gary_Fullett so i expect the retest of the yr to be ina range Gary_Fullett we have a vertical supply bar Gary_Fullett that came frm te 1120 area Gary_Fullett i marked this Gary_Fullett this was a wide bar Gary_Fullett increased volume so a specail sellign abr Gary_Fullett bar Brian_O low/close of that bar also significant? Gary_Fullett so after ths bar Gary_Fullett the next few bars Gary_Fullett are just a retest Gary_Fullett and we broke Gary_Fullett on that supply bat yes Gary_Fullett shows the alck of buyers willing to take on the sellers Brian_O low vol retest also Gary_Fullett so the sellers had thier way Gary_Fullett correct Gary_Fullett remeber i have mentioend to u any times Gary_Fullett the first reacion high after a low is important Gary_Fullett well look where the market bottomed recently? Brian_O hmm. interesting Gary_Fullett so we retested tere 3 times Gary_Fullett and the last retest had a weak bar Gary_Fullett reaction wise Gary_Fullett byut ystrday was a hige rally Gary_Fullett but we said the right side will be a sos or sow Gary_Fullett sign of strength Gary_Fullett or sign of weakeness Brian_O wasn't Gary_Fullett but the 1100 area is still formabile Gary_Fullett so look at the voluem yesterday Brian_O 'conventional wisdom' saying that the price action near what you've got labeled ice to be bearish? Gary_Fullett the volume didnt increase so it doesnt appear to be demand Gary_Fullett u cant be short at ice support Brian_O but it also didn't rally away too quickly Brian_O not saying that you would have shorted at that pt but would have waited for a break and a retest Gary_Fullett u would ahve waited for a breaking of the ice and sell the broken ice Ory also wouldnt stops get ruined at ice Brian_O good pt ory Gary_Fullett it appeared that we wante dto break thru Gary_Fullett but appearance Gary_Fullett and ASSUMIMG will get u in trouble Gary_Fullett giiving u a bias Ory thanks Brian Brian_O I believe David Weis mentioned that pt as well that the cm might have found those stops too tempting to pass up Gary_Fullett so the proper trade is to wait for the breakign of the ice Gary_Fullett and then a retest Gary_Fullett right Gary_Fullett he siad 1033 Gary_Fullett I said 1037 wyatt joined. Brian_O correct Gary_Fullett I wont that battle lol with the master Brian_O lol Brian_O he's a very humble man Gary_Fullett the best Brian_O in the back of your mind did you at least expect some type of spring? Gary_Fullett he wa sfreids with amos Gary_Fullett thats how i knwo david thru amos Gary_Fullett i did yet Gary_Fullett yes Gary_Fullett espercially 2 bars ago Brian_O really pays to wait for confirmation Gary_Fullett u have to Brian_O a lot of people getting chopped up trading the daily Ory agreed Brian Gary_Fullett many peopel would like to make 100 bucks buying the low Gary_Fullett vs taking the 1/3 of a rnage and making 800 bucks Gary_Fullett they lobe to pick bottoms otr tops Gary_Fullett vs the buck of a trend Brian_O I was there once, no more Gary_Fullett this si VERY importnat Gary_Fullett we all were there Gary_Fullett I am trying to prevent this in my room Gary_Fullett and more so on the 1 onn 1 webinars Brian_O your webinars have helped immensely Gary_Fullett i am somwha limite dhtere vs 1 on 1 Ory o.k. ageed Gary_Fullett but i try to get the points across ty Gary_Fullett so Ory the webinars are wonderfull Gary_Fullett go wiht the eom Gary_Fullett or trend a soften as u can Gary_Fullett its key to sucess Gary_Fullett trend is the most imp piece of info u have Brian_O eom=ease of motion? Gary_Fullett ease of movement Randy movement Gary_Fullett so the key to the chart is the suport at 1037 Gary_Fullett not beign taken out with increased volume Brian_O ::wink Gary_Fullett but be aware w eare in a trading range Gary_Fullett any q Gary_Fullett ok Gary_Fullett my fav chart next Gary_Fullett 60 min es Gary_Fullett look to the left side of this chart what do u see? Brian_O spring Brian_O I'll take that as a no :) Gary_Fullett we see a down move trend lowwer Gary_Fullett wit no sign of ending action Gary_Fullett look at the wide bar Gary_Fullett on the 3oth Gary_Fullett at 830 Gary_Fullett was a wide bar Gary_Fullett and the next 3 bars Gary_Fullett were poor Gary_Fullett which lead to a move Gary_Fullett lower Gary_Fullett so we go lower untill ending action Gary_Fullett and by endng action Gary_Fullett can be a lack of supply Gary_Fullett BUT u need demad to tuen up Gary_Fullett turn up Milo joined. Gary_Fullett look at the bar Gary_Fullett at 830 am on the 31st Gary_Fullett the wide bar Gary_Fullett see this Brian_O y Gary_Fullett this is a change of behvior Mr_Steve How come that first reaction high was not marked at 8:30 ish? Gary_Fullett it could ahve been Gary_Fullett the line could have bene higher Gary_Fullett been Gary_Fullett i drew it where i did Gary_Fullett because it is Gary_Fullett the top of a reaction high Gary_Fullett after the first low Gary_Fullett see the low of the move Gary_Fullett see this low Mr_Steve reaction high in a down move and reaction high in an up move Mr_Steve ? Gary_Fullett then u had the retest before demand Gary_Fullett see the low Gary_Fullett at 2139 Gary_Fullett 2130 Gary_Fullett the low Gary_Fullett the high Gary_Fullett was 104450 Gary_Fullett so i drew the line where i did Gary_Fullett remebr its an area NOT 1 price Gary_Fullett in thoery there is a wavy line Gary_Fullett not a strigh horizonatal one Mr_Steve question Mr_Steve Do you use reaction lows in a down trend as a guide? Gary_Fullett ye syes eys Gary_Fullett yes Gary_Fullett reaction lows are always marked Mr_Steve ty Gary_Fullett so we had a demand bar Mr_Steve Reaction high in up trend as a guide? Gary_Fullett and look at the retest Gary_Fullett yes Mr_Steve ty Gary_Fullett both are correct Gary_Fullett yw Gary_Fullett so see the retest after dmeand Gary_Fullett the retest of markets tend to be 1-3 bars Gary_Fullett the retest bac k to suport wa son lighter volume Gary_Fullett and a reaction up bullish Anna Gary Please tell me whats the Average # of cotracts you are looking for on The 60min. Chart Gary_Fullett i odnt understand the question Gary_Fullett are u asking whats a normal 60 min bar? Gary_Fullett how many ocntracts associated with an hourly bar? Gary_Fullett contracts? Anna yes Average Gary_Fullett it varies Gary_Fullett the penign tends to be the highsest volume the first higher Gary_Fullett ad ot drops off Gary_Fullett and depends if we are trening Gary_Fullett or in a trading range Randy and time of the year- like now lower volume. Gary_Fullett so its impossble to tell Gary_Fullett " verage Gary_Fullett average is the area it trades in Gary_Fullett right randy Anna ya It helps me when Im looking at smaller time Jon 20 perios moving avg. for the hourly on my chart for e-mini says 78000 but that soesn't matter just compare the bar to the last couple bars...relative volume is what is important Gary_Fullett correct jon Gary_Fullett please read what jon said Gary_Fullett relative volume to the area its trades in Gary_Fullett but u comaore the volume to th area it trades in Gary_Fullett so the avergae anna Gary_Fullett is the volume in a particualr area Mr_Steve Jon, volune ma, or bar ma? Anna I like to look at 50000 per 15 min Bar chart Mr_Steve 50000? Anna It just helps me to see when things may be fishy Didnt know if you looked at it like that too. Gary_Fullett but its comapred to the areA anna Gary_Fullett i have never looked at it that way anna' but it may be an edge Anna It tells me when to potential anticapate Gary_Fullett so u use the 15 min chart Gary_Fullett with 50000 to help u Gary_Fullett wiht demad supply stoppign action? buck left. Anna shure for climax moves Brian_O just to clarify, had to step away for moment, the 8/31 bar at 8:30, was that a cob? Jon volume ma steve Gary_Fullett good Gary_Fullett if itd a niche for u please use it i will look at it ty Gary_Fullett correct brian Brian_O still trying to get a handle on how you determine the various creek/ice levels, thank you Gary_Fullett so the retest wa sperfect Gary_Fullett reaction high highs and lows Gary_Fullett and retest Gary_Fullett will do soem of this in the webinars on drawing trned iens Brian_O great, look forward to it Gary_Fullett but mainly i go over this with 1 on webinars Gary_Fullett so after the retest Gary_Fullett look at the next 4 abrs Brian_O do you ever sleep? Gary_Fullett sideways Gary_Fullett then a ba rhigher Brian_O you sleep sideways? Brian_O me too Gary_Fullett wheni a horizonatal i will sleep Gary_Fullett so sidewasy Gary_Fullett after the retest Gary_Fullett lead to more buying Gary_Fullett then another retest Gary_Fullett at te 1050 area Gary_Fullett sideways Gary_Fullett and the large move Gary_Fullett 1060 to 1077 yesterday Gary_Fullett yoru charts should be lable d this way Brian_O as we're in tr, did you go long on the 31st after the retest? Brian_O always looks like a great trade in hindsight Gary_Fullett yes sir Gary_Fullett the best plac eto get long is where? Gary_Fullett right biran Gary_Fullett thats why i like to do live charts for the webianr Gary_Fullett easier in hindight Gary_Fullett the retest Gary_Fullett where i worte lack of supply Gary_Fullett was the place to buy Brian_O I have to give you credit there, no cherry picking Gary_Fullett after demadn Gary_Fullett if u get a retest on a alck of supply Gary_Fullett U BUY!!!! PiggyBack abt 50% back too Gary_Fullett doesn tmake sense to cheery pick Gary_Fullett I make of calls that are worng Brian_O well, you know a lot of folks do Gary_Fullett thats correct piggy back Gary_Fullett most do Gary_Fullett i have nothign to sell Gary_Fullett i want to earns clients buisness by helping them trade better Gary_Fullett thats imp to me Gary_Fullett that u trade well Brian_O safe to say that is happening here Gary_Fullett and give ti charity Gary_Fullett it simportant to makes this world a beeter plac ethen when we came into it Gary_Fullett so i want to do live charts Gary_Fullett t help us learn live Gary_Fullett any q on this chart? Gary_Fullett euro Gary_Fullett we see a trading range Gary_Fullett so in a trading range u watch for the sign of strength or sign of wekaness Gary_Fullett the purpose of this chart is to show perspective Gary_Fullett of the large move the other day Gary_Fullett but still did nothing compared to the rend Gary_Fullett trend Gary_Fullett hogs Gary_Fullett another chart in a trading range Gary_Fullett why is this chart important? swetz joined. Brian_O retest of supply bar? Gary_Fullett treu Gary_Fullett but it is where cause is Gary_Fullett most markets are in tradign ranges Gary_Fullett so the tradign range give su count Randy the cause is being built Gary_Fullett for a pending move Gary_Fullett and the right side of a range Gary_Fullett give su the probably of the sow or sos Gary_Fullett the sos / sow Gary_Fullett happens most times in the tradign range Gary_Fullett fore mark up or mark down Gary_Fullett so be aware of the right side of a range Brian_O so no sow or sos yet Gary_Fullett any q Gary_Fullett correct n joined. Brian_O any significance to it trading w/ low vol in lower range of larger tr? Gary_Fullett probbly a lack of supply Gary_Fullett beans Gary_Fullett the 2 wide action bars Gary_Fullett with voolume are on the down side Gary_Fullett comaratiev strngth Gary_Fullett comparative strength Gary_Fullett beans didnt take out the stopping action high Gary_Fullett corn did Gary_Fullett beans weaker than corn n Waht about the results from the effort expended...no downside follow-through, and the trend can arguably said to stil be up? n re the 2 bars you just mentioned... n Have not seen what the weekly looks like, lately.... Gary_Fullett the trend is up Gary_Fullett but realtive to corn it si weaker Gary_Fullett but the ice is at 990 area n True, but the Q goes to this chart, irrepsctive of corn... Gary_Fullett so important for bulls to run away from ice Gary_Fullett my point is corn si strnger than beans Gary_Fullett so if u wnat to be long be long corn vs beans n This looks like a retest of the spring, and bulllish spacing is still there... Gary_Fullett possibly Gary_Fullett but needs to take out the vsb bar at 1040 n and, price is well above the 50% range... Gary_Fullett so must be a gov contract 1040 Gary_Fullett the market also needs to take out the stopping action bar high n Is that loast bar today's activity? n last Gary_Fullett but those 2 bars can be important n Agree... Gary_Fullett they stay important uuntill u take out the vertical supply bar at 1040 imho Gary_Fullett no Gary_Fullett yesterdays n ty... Gary_Fullett yw Gary_Fullett any q? n ahhh... Gary_Fullett other wise e will wake up the cookie man Brian_O thanks Gary nice job Gary_Fullett tommorow is the job report Gary_Fullett at 730 cst am Gary_Fullett many traders wil trade the first hr or so and leave for the holiday Gary_Fullett so we may be thin tommorw Gary_Fullett monday markest are closed but globex Gary_Fullett so be careful tommorow esp Gary_Fullett i will be doing the webinar on sunday night Gary_Fullett as i will be in town Jon great swetz looks like I am up Song thanks a lot Randy swetz- I always need to get out my cheaters to look at your charts. the lights not bright enough ::cool swetz :) Randy Brian_O good evenign Swetz swetz howdy Brian :) swetz chart #6 of 8 is a chart we looked as yesterday Mr_Steve Hi swetz Gary_Fullett lol swetz but I have updated the chart through today swetz howdy Steve :) swetz we looked at last week I meant to say swetz as you know last week, we discussed how we could you use the action on the smaller timeframe chart to pinpoint an entry with the help of a trigger bar swetz WITH the TREND of the larger timeframe chart (hourly chart in this case) Mr_Steve is this Nasdiq? swetz SnP cash index Mr_Steve ty swetz :) swetz as we can see the SnP was in a little downtrend for most of August crapgame left. swetz but notice what happened in the last week of August swetz the SnP began trading SIDEWAYS swetz this SIDEWAYS action was telling us that buyers and sellers (at least for the moment) were in balance Milo left. swetz now we know from Wyckoff that we can still use rallies into a resistance area of this SIDEWAYS environment or TR to look for a SHORTING opportunity Brian_O higher probability when tr comes after donwtrend? swetz so in the NL last weekend, I labeled the rally to about 1065 Friday afternoon as a potential UT swetz Brian - YES SIR!!!!!! swetz especially when the TR is still below a supply TL which is what we see here Brian_O I like caps w/ exclamation pts :) swetz lol Brian swetz you can see UT? where I marked the potential UT on this chart Brian_O so a move outside of the downtrend channel would lessen your expectation of shorting oportunity? swetz now in real-time, I DO NOT KNOW whether an UT short setup will occur swetz Brian - would depend HOW it moved outside the downtrend channel Brian_O OK, thanks swetz a weak move would bother me but a decisive move certainly would swetz weak move would NOT bother me I meant to say Hal_C left. swetz all I know in real-time is that the SnP has rallied to resistance which also coincides with a vertical supply area from August 24th that I marked with a S/D swetz and right beneath a DOWNTRENDING supply TL swetz so even though I saw that buyers and sellers were starting to come into balance and that this sideways TR may turn out to be a turning point to begin a buying wave of some kind very soon rich joined. swetz I still had a low risk shorting opportunity at a resistance area IF I could see a TRIGGER develop to help confirm that this potential UT was indeed going to occur Brian_O I'm sorry, Aug 24th supply bar? Not Aug 19th? swetz both are Brian, but August 24th is what we are dealing with now swetz the August 27th high ran right into the supply area from the 24th NOT the 19th swetz so as you guys know, what I do is zoom down to the 10 minute SPY chart to see if I can pinpoint an low risk entry in case an UT does indeed unfold Monday morning swetz a low risk swetz so lets go to the next chart, the 10 minute SPY chart, chart #7 of 8 swetz to see if we can see evidence that an UT is actually occurring and also see if we can locate a trigger bar to confirm this UT turning point to begin a reaction of some kind swetz sure enough, after Friday afternoon's action showed what looked like to me in real-time to be absorption which I labeled on August 27th Ory left. swetz this action morphed into an UPTHRUST Monday morning swetz the first 5 10 minute bars Monday morning told the whole story swetz if we do a bar-by-bar analysis of the 1st 5 bars on Monday swetz we can see how sellers begin to gain the upper hand over the buyers right at a resistance area that we had already identified AHEAD of TIME swetz the first bar had some downward EOM but the close near the upper end of the 1st bar told us that buyers were making their presence known on this bar so we should expect some upside follow-through on the next bar swetz we get a little upside follow-through on the 2nd bar on August 30th swetz but the range narrows swetz and then the 3rd bar is just an inside bar of the 2nd bar where volume falls SUBSTANTIALLY swetz the close on the 3rd bar is at the high so in real-time I realize that demand is substantially weakening but is still stronger than the supply swetz so I still dont see evidence that supply is taking control and I still do not see evidence that an UT is going to form YET swetz but the 4th bar is very interesting swetz volume increases on a bar that makes NO upside progress and the close is about midrange swetz so supply is increasing a meeting the demand swetz so supply is inncreasing and meeting the demand swetz the SnP is in a vulnerable position to fall swetz but I still dont see a wide range down bar that closes near the low swetz to CONFIRM that the sellers truly do have the upper hand and to TRIGGER a SHORT swetz this type of wide range down bar would also CONFIRM that an UT is very likely unfolding and I need to GET SHORT NOW swetz on the very next bar, the 5th bar of the day, we got our GIFT!!!!!!! swetz notice the WIDE RANGE swetz notice the CLOSE near the LOW of that WIDE RANGE swetz notice that VOLUME INCREASES EVEN MORE signaling even more supply entering the market swetz and to top it off, this bar trades below the OPENING RANGE bar and creates an UT swetz so guess what I do, I go SHORT NOW!!!!!!! Brian_O nice breakdown swetz with a stop placed above Friday's high swetz a very low risk trade with the potential of the SnP trading all the way down to the support area of this TR which was about 1040 in the SnP cash index Jon would you add to your position on the 2 bar pullback with an entry under the low of the las blue bar swetz Jon - you could have done that, I didn't but you could have Jon you have to pond them when u can Jon pound swetz good point Jon :) Jon don't let them get off the ground swetz the SnP keeps on falling with very small rallies throughout the day swetz and closing at the low of the day swetz so I am anticipating lower prices to at least test the Friday low or August 27th bar since that was a major supporl level of 1040 swetz so Tuesday, we get a gap down and I getting ready to exit my position for some profits swetz and when that 2nd bar unfolded with a large pickup in volume and strong upward EOM then I had to EXIT NOW!!!!!!! Mr_Steve Thanks, I enjoyed it swetz, but I have to run, night all swetz I was getting clear evidence that the buyers are VERY SERIOUS about defending the 1040 support area swetz cy Steve :) Mr_Steve left. swetz and I was NOT going to fight the market swetz remember, my plan when I made the trade was to look to take profits on a test of the support area swetz so I was going to FOLLOW my PLAN Jon could have then bought the pullback off that demand bar a gift swetz not me Jon :) got better fish to fry :) swetz which segueways to the last chart swetz Wyckoff, himself, liked to overlay a chart of the major index against whatever individual stock he was interested in trading in swetz to help determine RELATIVE STRENGTH when looking for stocks to buy when the market had moved into an oversold position or a potential turning point swetz the last chart is actually 4 charts swetz the top 2 charts are the daily and hourly charts of the SnP index swetz and the bottom 2 charts are the daily and hourly charts of ADTN, which the NL folks know is a stock that we bought a few days ago swetz notice that I have overlayed the charts so that it is easy to compare the position and trend of ADTN to the SnP index swetz notice on the 2 charts on fhe left swetz ADTN had formed a strong JOC and demand entered on the test around $29 swetz keeping the UPTRENDING demand TL intact while the SnP index basically just traded sideways swetz here is a stock that was showing EXCELLENT RELATIVE STRENGTH vs. the SnP swetz just the kind of stock Wyckoff likes to buy :) swetz the purple up arrow on both the ADTN and SnP daily charts swetz and then the black up arrow swetz shows that while the SnP was falling, ADTN was actually RISING Jon plus not extended on the hourly...setting up again for another buy swetz yep really good point Jon :) swetz so here is a stock that the NL folks know has been in our leadership universe for a month swetz PRIOR to this setup swetz that I was carefully watching since I saw that the SnP, as well as the other major indexes swetz were forming a potential turning point at a major support area swetz if the indexes could begin a buying wave of some sort then this stock should rally even more swetz since it has been showing such strong relative strength swetz so here again, I got to the smaller timeframe chart to see if I can pinpoint a lower risk entry n The Tuesday activity telling you of a possible turning point? swetz N - Wednesday action did when market failed to follow-through on Tuesday's poor close and Wednesday's bar showed upward EOM on increased volume swetz after a 2nd test of 1040 n ty... swetz :) swetz so if we look at the hourly chart in the bottom right hand side swetz we see a little APEX form swetz when the market started moving up in strong manner Wednesday morning swetz and ADTN moved out of this APEX in a strong manner as well swetz notice that the first hour bar on August 27th in ADTN swetz was WIDE, CLOSED STRONG, and the 1st hour volume was the highest compared to any first hour volume since the August 12th low swetz looks like a TRIGGER to me :) swetz so could BUY at the CLOSE of this bar or if you wanted you could just buy on any upside follow-through or thrust above the 1st hour bar swetz so buying at $30.50 with a stop below $29.50 swetz is pretty low risk n Good trade... Brian_O Steve, got to fly, great analysis, thanx, see you next week. swetz cy Brian :) swetz so as the day unfolded on August 27th swetz I had NO IDEA how strong the day would be Jon you could even put your stop under the first hourly bar Brian_O left. Jon if it breaks this bar then you don't want to be in the trade swetz but because the day did turn out to show such strong upward EOM Jon trend day swetz a TRIGGER bar occurred on the DAILY chart as well swetz right Jon swetz usually when a very wide trigger bar develops swetz I will often put in a limit order to try to buy on a little reaction to get a little bit better price Jon shows institutional buying when u get this wife range bars closing on the high with volume swetz NL folks know that I bought around $31 swetz agree Jon swetz $31 just so happened to be the 1/2 POINT that I have marked on the hourly ADTN chart swetz we know how Wyckoff liked to look for entries around the 1/2 point :) Jon yes, you had a chance to buy more on the pul=back of that wide range bar..The Gift swetz yes sir Jon swetz so buying at $30.50 and then buying more at $31 and I even bought just a little bit more at $32 swetz notice I am AVERAGING UP and PYRAMIDING with my largest buys at the lowest prices and buying my smallest position at the higher price swetz this is PROPER trading!!!!!!! swetz think about the Wyckoff principles we applied Jon what is your targets? swetz Jon - about $40 swetz assuming the market cooperates :) Jon ok n Using just the S&P, would you have viewed Wednesday's close hourly, as a trugger bar? n trigger... Jon yes u will need the market for that target swetz N - you mean Wednesday yesterday? n Tight sideways activity after a D/S strong vol ba, consolidating, not reacting lower.... n Yes... n vol var... Jon right up at the creek on the weekly n Bar n It also was at a 50% range....resistance... swetz N - yes on the surface, the 1st hour bar on Wednesday was a trigger bar swetz in the SnP swetz BUT what I about to say may sound contraversial swetz I am about swetz but is only what I have found from years and years of screwing up, establishing my rules, and eventually finding some success swetz is that my TRIGGER BARS do NOT mean ANYTHING if the Wyckoff story is not in place BEFORE HAND swetz for example Alex left. swetz part of the Wyckoff story to me is that RELATIVE STRENGTH MUST be present BEFORE any TRIGGER BAR occurs swetz I can tell folks here that I would have never bought the SnP on Wednesday swetz and you may say, Steve are you crazy swetz you just missed a trade that worked out great Song because of the larger time frame? swetz right Song that is part of it swetz but the other part is this swetz there were individual stocks that were showing excellent relative strength swetz vs. the market swetz so I am going to buy those, I want the most bang for my buck Song understand, thanks swetz there were individual stocks like ADTN that were already in strong uptrends swetz those are the stocks I want to buy when the major indexes are in a potential turning point position Jon do that every morning in my day trades RS?RW a big key n My Q goes just to the es set up, not comparing rel strength to individual stocks... n I understand you are stock-oriented... n I was only gauging absolute activity in that set up... swetz N - I understand where you are coming from, I just want to make everyone undertand where I come from, like you said, I am a stock man :) n lol... swetz TRIGGER bar are VERY POWERFUL in entering positions swetz because they give you a CLEAR piece of evidence that the market is doing as you expected swetz so you have confidence to JOIN the move Jon and if you miss the trigger bar wait for the pullback to buy as it usually happens swetz right Jon swetz but the TRIGGER bar is the LAST piece to the trade swetz the Wyckoff story MUST setup FIRST!!!!!! Jon true n That is why Jon you must know where support/ resistance is and what the tradable void is n I asked about the hourly close on es.. swetz just saying, I see a trigger bar on a chart means NOTHING when the Wyckoff story says the market is weak and in a strong downtrend swetz who cares about a bar that is wide, closes strong on increased volume under that scenario Jon but you also have stocks on their own page during any day...i day trade so im usually flat wen i go home yoohoo joined. swetz good points from everyone, N and Jon swetz okay, I am all done Jon great analysis...thanks swetz yikes 10:30, didnt realize it n Just in time, yoohoo joined swetz lol N swetz thx Jon Jon good job Song thanks again swetz any other questions? Randy Great detailed description again Swetz, appreciate it. n thank you, my man... swetz thx Song, Randy, N Gary_Fullett wonderful work swetz Gary finally woke up :) n thank you, Gary... Jon yes, thanks Gary Gary_Fullett nope was reading Gary_Fullett the thing is Gary_Fullett we can all look with wyckoff eyes Gary_Fullett trade it dofferntly Gary_Fullett based in nice Gary_Fullett but w eshoudl all be able to identify swetz okay folks, have a good night Gary_Fullett the wykoff bars Gary_Fullett and thw wyckoff action Gary_Fullett ty steve Gary_Fullett any q? Randy tu, great evening Gary. Gary_Fullett other wise charst for me swetz over and out swetz :) Gary Gary_Fullett and walking the dog night alll ty Gary_Fullett left.