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You would have to ask Weird to be sure what He meant

But I did not take that meaning

He said something about an oft quoted quote

But

Made the comment that while one's strike rate might be low

With good risk control
The rewards could be such that one might not have to be right too often..

And The gist of My posts were that with application
one might see "too often" become more often..

Here is another Wyckoff Quote

It goes something like this

It is not how often You are right compared to how often when you are wrong that really matters..

But the fact You lose peanuts When You are wrong
And make bucket loads when You are right...

If We are analyzing
Waves of buying and selling

Well What are We doing but determining tops and bottoms
on all magnitudes

There is a bottom of a bar
There is a bottom of a reaction

Now We see a top of a bar , of a rally.

and here is the current position

I determine it through observing a series of tests and responses
that the waves of buying and selling themselves play out..
When I have enough to determine ... I ACT..

But

and

Note the order... First identify the danger point.. What is it that would negate You bullish or bearish definition...

Then

The danger point determines the vicinity of the stop..

Now We can look to the entry and reward and see how close to that danger point We can be...

A 100,000,000 in 1929 ! OUCH !

OK This is a type of method
The wyckoff Method

You will find bit's of it all over the place.

Defining , determining "danger points" is what the method is about

Yes You do this ..

Because , really what is happening is all that matters it is the Right hand Side of Your chart.. It is NOW..

There is Price, Time and Volume
everything else is a derived and removed from

cheers yonnie

motorway

<blockquote data-quote="motorway" data-source="post: 189287" data-attributes="member: 7360">You would have to ask Weird to be sure what He meant But I did not take that meaningHe said something about an oft quoted quoteBut Made&nbsp; the comment that while one&#039;s strike rate might be lowWith good risk control The rewards could be such that one might not have to be right too often..And The gist of My posts were that with applicationone might see &quot;too often&quot; become more often..Here is another Wyckoff QuoteIt goes something like thisIt is not how often You are right compared to how often when you are wrong that really matters..But the fact You lose peanuts When You are wrongAnd make bucket loads when You are right...If We are analyzingWaves of buying and sellingWell What are We doing but determining tops and bottomson all magnitudesThere&nbsp; is a bottom of a barThere is a bottom of a reactionNow We see a top of a bar , of a rally.and here is the current position <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />I determine it through observing&nbsp; a series of tests and responsesthat the waves of buying and selling themselves play out..When I have enough to determine ... I ACT..ButandNote the order... First identify the danger point.. What is it that would negate You bullish or bearish definition...ThenThe danger point determines the vicinity of the stop..Now We can look to the entry and reward&nbsp; and see how close to that danger point We can be...A 100,000,000 in 1929 ! OUCH !OK This is a type of method&nbsp;The wyckoff MethodYou will find bit&#039;s of it all over the place.Defining , determining &quot;danger points&quot; is what the method is aboutYes You do this ..Because , really what is happening is all that matters it is the Right hand Side of Your chart.. It is&nbsp; NOW..There is Price, Time and Volumeeverything else is a derived and removed from cheers yonniemotorway</blockquote>

[QUOTE="motorway, post: 189287, member: 7360"] You would have to ask Weird to be sure what He meant But I did not take that meaning He said something about an oft quoted quote But Made the comment that while one's strike rate might be low With good risk control The rewards could be such that one might not have to be right too often.. And The gist of My posts were that with application one might see "too often" become more often.. Here is another Wyckoff Quote It goes something like this It is not how often You are right compared to how often when you are wrong that really matters.. But the fact You lose peanuts When You are wrong And make bucket loads when You are right... If We are analyzing Waves of buying and selling Well What are We doing but determining tops and bottoms on all magnitudes There is a bottom of a bar There is a bottom of a reaction Now We see a top of a bar , of a rally. and here is the current position :) I determine it through observing a series of tests and responses that the waves of buying and selling themselves play out.. When I have enough to determine ... I ACT.. But and Note the order... First identify the danger point.. What is it that would negate You bullish or bearish definition... Then The danger point determines the vicinity of the stop.. Now We can look to the entry and reward and see how close to that danger point We can be... A 100,000,000 in 1929 ! OUCH ! OK This is a type of method The wyckoff Method You will find bit's of it all over the place. Defining , determining "danger points" is what the method is about Yes You do this .. Because , really what is happening is all that matters it is the Right hand Side of Your chart.. It is NOW.. There is Price, Time and Volume everything else is a derived and removed from cheers yonnie motorway [/QUOTE]

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