Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Timing the Trade the Wyckoff Way -- Ignore unavailable to you. Want to Upgrade?

To: coferspeculator who wrote (176)	7/18/2004 11:44:18 AM
From: coferspeculator	Respond to of 14340

From the weekend report I felt that some of the following might be of interest to those designing their own aggressive trading program. "It is very important to make sure when using the 1-2-3 entry for aggressive trades that all six conditions be met. There is a tendency during an acceleration to the up or downside to forget or dismiss three important factors. A. The counter trend line needs to be broken either before or on the day the trade signal is given. This step suggests to the speculator that the temporary short term reaction or rally trend is broken, offering a trading position as the actual trend progresses. Don't take it earlier. There are other times when using Wyckoff that it can be considered but when using the 1-2-3 process this needs to be confirmed. B. The 3-1 ration has got to exist. Don't be taking aggressive positions when the Reward/Risk isn't there. Don't make up an exit position for the purpose of fitting a 3-1 ratio into the taking of a position. The stop should be positioned where you have found that over 65% of the results during the practice trading period show that you will attain the 3-1 goal. C. The spread, volume and close have to meet the parameters that are required. There are no exceptions. The 1-2-3 process is for aggressive trading only. It is important that all the six conditions be met since trades are being made in harmony and in step with the trend. Step five of the Wyckoff program suggests that positions are taken as the market begins it's turn. Aggressive trading involves taking positions as the move progresses. If the speculator is going to take positions as the move progresses it is important to have every factor working for them."

To: coferspeculator who wrote (176)	7/20/2004 6:43:10 AM
From: coferspeculator	Read Replies (1) \| Respond to of 14340

Watch List Stocks-Activity for July 19 This is one of several stocks mentioned on Todays Watch List FLEX-After hours FLEX announced earnings and guidance for the coming year. The results were met by heavy selling with FLEX down over 10%. Should FLEX open below $13, targets from the UTAD and the first phase conservative count from the LPSY at $17 will be met. Tomorrow's action could be a SC so consideration of what the goals and targets were when this trade was put on should be re-visited. A review of FLEX in the Reports of June 2nd provided several targets. There is a potential target of $11 from the LPSY so selling down to a close under $13 may offer some evidence that this area might be PS. If the original position was taken with this target in mind, the actions in the coming days will indicate if attaining that target is possible. If the original position was taken with a target of $13 (+20%) then exiting all or at least half the position is suggested.