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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: coferspeculator who wrote (45)4/27/2004 8:02:00 AM
From: coferspeculator   of 14340
 
Wyckoff Simplified

The fastest, easiest and least risky means of making money in the market is to identify a change in trend and take a position in the stocks that are most likely to move the fastest and the furthest in the shortest period of time. Wyckoff or any other successful technical basis of speculating practices this process.

Three major steps are required to do this.

1) Determine the trend of the market for the period of time in which which you wish to trade. Long term (months to years); Intermediate term (several weeks to several months); or short term (several days to several weeks).

2) Make up a list of stocks that will move the fastest and furthest within the time frame of the trade - short or intermediate or long term.

3) Time the speculation with a turn in the trend for the short, intermediate or long term. There are two prime times to do so:

a) Go long when a reaction in an up trending market ends or go short when a rally in a down trending market ends.

b) Go long when the market exits a trading range to the upside or go short when the market exits a trading range to the downside.

The purpose of this message board is to identify these situations. A considerable amount of time is required to identify these situations so anyone wishing to post their ideas about the position and trend of the market or stocks is most welcome to do so.
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