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So, should I ask what goat beating actually entails or is it to be taken literally?  Not sure I can condone it if it is to be taken literally - but welcome to the thread anyway! :D


Yeah, great stuff here ... I think what I like most about the Wyckoff methodology is I can pick stuff out of it that I particularly like, and even add stuff in ...  


I keep in mind the 3 things I am trying to weigh up:

1. Supply and Demand

2. Cause and Effect

3. Effort and Result

and can play around with various different ways of looking at the data to measure these things.  It just seems to me to be a method that encourages experimentation around these 'fundamental' 3 principles/laws.


I use all 3 to weigh up the context of where price is (i.e. "what's the trend?" would be a simple way of summarising context), while leaning more on the 3rd point for the actual entry point.


Wyckoff's basic tools were the Point and Figure chart and the time-based HLC bars.  I must say I have more-or-less abandoned the use of time-based bars/candles, but really like the Point and Figure chart (and thanks to Motorway for his continual badgering me on this, took me a while to get what these charts were all about but am happy I persisted, at Motorway's encouragement).  I do use HLC bars (acually OHLC candles, just find these easier to see - literally), but either based on Constant Volume &/or Constant Range, rather than constant time.


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