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How many thought of shorting as mkts tried to make new highs ?

How many thinking about it now ?


I picked the quotes because they encompassed some Wyckoff principles


It is not about predicting a top or bottom ahead of time

Or catching knives etc


It is focusing on the underside of pattern


Wyckoff suggests that  We might be better

served by looking at the selling waves to see when We should go long


And looking at the buying waves to see When We should go short


Think of a see saw... What end do You focus on ? So as to correctly coordinate and be in harmony...


Don't You watch the opposite  end as it  pushes  off So You can naturally anticipate...  Or do You just focus on Your half as if it was all there is and You make Your moves out of step and harmony with bad timing ?


The quote on where the "springboard" is is VERY important..


The more timely You determine .. The lower the risk the greater the reward

In step and in harmony coordinated on the See Saw You are Safe from most

violent actions.. No matter what the other end does You are ready


" It moves and You move first " because

See saws and mkts move in waves up and down of, Buying and Selling


By focusing on waves and esp the contrary waves


Waves of a certain Price movement ( Direction ), Duration ( time ) , Volume  and in the context of a certain position...


The top of a rally etc can be determined... When You have enough evidence confirmation  etc You act...


Talent Skill experience build so You get better ( earlier ) in determining..

You minimize risk You maximize return



You recognize the context of what is happening and how it is happening.


Is that low volume You might see  a lack of demand ?

or an absence of supply ?


Two sides of the see saw.. But two sides that  are connected !



Demand and supply intersect

What We see as two are  one..


Now, Working from sound principle..

What is the limit ? I think the Sky..


Think of Turf Betting.. The Horse races...

The form aways moves away from the public

They  are always on the Beaten Favourites


And that is a losers game


Wyckoff stated this in many ways...


To make any profit

You must have a higher price at exit than entry ( longs )


So It is about structure ( tops and bottoms ) and process/flow ( markup/markdown )


All successful methods involve determining tops and bottoms

in some sort of way .. It is just a case of how finely they can be determined and where the lowest risk and highest reward junctures really are..


For a long... This has to be where the selling waves are tiny and have no following ( When the other side of the see saw starts to come down )

for a short it is where the buying waves are mere ripples


A last point of support

A last point of supply


Buying and selling waves following each other gather followings and

leave behind artifacts


like the waves and winds leave behind patterns in rocks


artifacts


like moving averages etc


You can engage in the moment and just do it....


"it moves and You move first"  seems like magic

But it is really just watching both ends of the see saw

When most people are only looking at one !


piling on to the next "Beaten Favourite"


as the waves of buying and selling unfold




motorway


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