REBUKE to One Claiming I Should Not have WYCKOFF in my User Name
Hi Everyone! The purpose of this video is a 20 minute REBUKE to one CLAIMING I should not have "Wyckoff" in my user name. Just because you do not see me covering WYCKOFF METHOD in my videos that much does NOT mean I do not understand Wyckoff Method; Does NOT mean I do not understand tape reading; Does NOT mean I do not understand Point & FIgure; does NOT mean I do not understand how to read volume, etc... etc... TO THE CONTRARY... I understand it very well. More so now than I did a couple of years ago... I understand my indicators even more now than I did a year ago.
BOTTOM LINE: Wyckoff did NOT have the technology we have today... MY INDICATORS ACTUALLY MEASURE "VOLUME." Which is WHY you hardly ever see me show my VOLUME on my charts. Yes, I could have got into more details about Wyckoff Method in this video. For example: I could have discussed more about Phase D establishing a HIGHER TRADING RANGE for the purpose of RE-ACCUMULATION before transitioning into Phase E. I could have got more into Distribution with each "Last Point of Supply" on the way down and mentioned Supply and Demand, etc... etc... The 20 minutes allotted to me for a video publication is NOT enough time.
If you use Wyckoff Method THE OLD FASHIONED WAY and insist on continuing in the OLD FASHION WAY, then good for you... I'm perfectly fine with that! I'm sure as hell not going to criticize you for that. If you do not wish to take the time to LEARN my indicators, my application of Fibonacci in a Long Term Bull Market or Long Term Bear Market, my application of Bollinger Bands to get an idea of what price range the price action may likely be heading to, etc... etc... that's fine... I'm NOT going to criticize you -OR- demean you for ignoring my method of Analytics. If you think you have all this figured out and there is no room for you to improve, then good for you... I'm happy for you! However, I do suggest you seriously consider figuring out what method someone is using and HOW they are using it before you gather the gumption to criticize someone. It's the only RESPECTFUL thing to do.
Stay Awesome!
David
BOTTOM LINE: Wyckoff did NOT have the technology we have today... MY INDICATORS ACTUALLY MEASURE "VOLUME." Which is WHY you hardly ever see me show my VOLUME on my charts. Yes, I could have got into more details about Wyckoff Method in this video. For example: I could have discussed more about Phase D establishing a HIGHER TRADING RANGE for the purpose of RE-ACCUMULATION before transitioning into Phase E. I could have got more into Distribution with each "Last Point of Supply" on the way down and mentioned Supply and Demand, etc... etc... The 20 minutes allotted to me for a video publication is NOT enough time.
If you use Wyckoff Method THE OLD FASHIONED WAY and insist on continuing in the OLD FASHION WAY, then good for you... I'm perfectly fine with that! I'm sure as hell not going to criticize you for that. If you do not wish to take the time to LEARN my indicators, my application of Fibonacci in a Long Term Bull Market or Long Term Bear Market, my application of Bollinger Bands to get an idea of what price range the price action may likely be heading to, etc... etc... that's fine... I'm NOT going to criticize you -OR- demean you for ignoring my method of Analytics. If you think you have all this figured out and there is no room for you to improve, then good for you... I'm happy for you! However, I do suggest you seriously consider figuring out what method someone is using and HOW they are using it before you gather the gumption to criticize someone. It's the only RESPECTFUL thing to do.
Stay Awesome!
David
ความคิดเห็น:
UPDATE:
The following is only a BASIC/QUICK SUMMARY of the History of Bitcoin Using Wyckoff Method. NOTHING in this chart gets into details of EVENTS within each PHASE of Distribution or Accumulation.
The following is only a BASIC/QUICK SUMMARY of the History of Bitcoin Using Wyckoff Method. NOTHING in this chart gets into details of EVENTS within each PHASE of Distribution or Accumulation.
ความคิดเห็น:
UPDATE:
The following is a link to get a QUICK/BASIC UNDERSTANDING of Wyckoff Method: school.stockcha...ts.com/doku.php?id=market_...
My main argument with Wyckoff Method is one should TAKE ADVANTAGE of my indicators to IDENTIFY each EVENT within each PHASE of Accumulation and Distribution Schematics RATHER THAN using Wyckoff's ancient methods of identifying those things. In other words, I'm saying, "There is a BETTER WAY..." Does this mean I'm discrediting all the great work Richard D. Wyckoff has done for the trading community? God Forbid... He will forever be a LEGEND in the industry and I'm GREATFUL for his contribution!
I honestly believe Wyckoff would be THRILLED to have the technology we have today to see EXHAUSTION of SUPPLY in a Distribution Schematic -OR- EXHAUSTION of DEMAND in an Accumulation Schematic... Among other things... with the indicators I'm using.
The following is a link to get a QUICK/BASIC UNDERSTANDING of Wyckoff Method: school.stockcha...ts.com/doku.php?id=market_...
My main argument with Wyckoff Method is one should TAKE ADVANTAGE of my indicators to IDENTIFY each EVENT within each PHASE of Accumulation and Distribution Schematics RATHER THAN using Wyckoff's ancient methods of identifying those things. In other words, I'm saying, "There is a BETTER WAY..." Does this mean I'm discrediting all the great work Richard D. Wyckoff has done for the trading community? God Forbid... He will forever be a LEGEND in the industry and I'm GREATFUL for his contribution!
I honestly believe Wyckoff would be THRILLED to have the technology we have today to see EXHAUSTION of SUPPLY in a Distribution Schematic -OR- EXHAUSTION of DEMAND in an Accumulation Schematic... Among other things... with the indicators I'm using.
ความคิดเห็น:
UPDATE:
What is Wyckoff "MODE" ???
1. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." Is there a need for tape reading, analyzing volume, using Point & Figure?
NO... Because my indicators ELIMINATE the use of tape reading and volume analysis. Volume is actually part of the data measured in my indicators; which ELIMINATES
the need to even post "volume" bars on my charts. My use of Fibonacci, Bollinger Bands and Diagonal Fibonacci Channels ELIMINATE the use of Point & Figure and more
accurate than future price ranges predicted with the use of Point & Figure.
2. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." My method ONLY includes a large part of what I feel is NECESSARY to know about
Wave Structure for each EVENT within each PHASE of a Wyckoff Accumulation and Distribution Schematic. As the Composite Man manipulates the market to his advantage,
it's important to have an UNDERSTANDING of the wave structure for each EVENT within each PHASE of a Wyckoff Accumulation or Distribution Schematic. Having this
UNDERSTANDING can be to our great profit and lack of understanding can be a great disadvantage to our quest for financial independence.
3. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." My "Phoenix Ascending 2.121" indicator (Previously Phoenix 1.119) is a derivative
of the original God "MODE" indicator. Hence, the name of my method and my username being Wyckoff "MODE" and not Wyckoff "METHOD." The original creators of the
Godmode indicator HAD NO IDEA what they had created until I got my hands on the indicator. Their default inputs were wrong; They had no LSMA (Least Squared Moving
Average); they did not have a horizontal 44 and horizontal 56 level in their original indicator; they did not even have RULES with REQUIREMENTS for the indicator. I'm the
one who DOGGEDLY worked THOUSANDS OF HOURS to transform that indicator into a BETTER indicator. I'm NOT saying that to brag or appear arrogant. I'm actually PROUD
of what I have accomplished and will continue to accomplish as I develop MY OWN METHOD; which incorporates PORTIONS of Wyckoff Method, Fibonacci, Bollinger Bands, etc.
What is Wyckoff "MODE" ???
1. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." Is there a need for tape reading, analyzing volume, using Point & Figure?
NO... Because my indicators ELIMINATE the use of tape reading and volume analysis. Volume is actually part of the data measured in my indicators; which ELIMINATES
the need to even post "volume" bars on my charts. My use of Fibonacci, Bollinger Bands and Diagonal Fibonacci Channels ELIMINATE the use of Point & Figure and more
accurate than future price ranges predicted with the use of Point & Figure.
2. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." My method ONLY includes a large part of what I feel is NECESSARY to know about
Wave Structure for each EVENT within each PHASE of a Wyckoff Accumulation and Distribution Schematic. As the Composite Man manipulates the market to his advantage,
it's important to have an UNDERSTANDING of the wave structure for each EVENT within each PHASE of a Wyckoff Accumulation or Distribution Schematic. Having this
UNDERSTANDING can be to our great profit and lack of understanding can be a great disadvantage to our quest for financial independence.
3. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." My "Phoenix Ascending 2.121" indicator (Previously Phoenix 1.119) is a derivative
of the original God "MODE" indicator. Hence, the name of my method and my username being Wyckoff "MODE" and not Wyckoff "METHOD." The original creators of the
Godmode indicator HAD NO IDEA what they had created until I got my hands on the indicator. Their default inputs were wrong; They had no LSMA (Least Squared Moving
Average); they did not have a horizontal 44 and horizontal 56 level in their original indicator; they did not even have RULES with REQUIREMENTS for the indicator. I'm the
one who DOGGEDLY worked THOUSANDS OF HOURS to transform that indicator into a BETTER indicator. I'm NOT saying that to brag or appear arrogant. I'm actually PROUD
of what I have accomplished and will continue to accomplish as I develop MY OWN METHOD; which incorporates PORTIONS of Wyckoff Method, Fibonacci, Bollinger Bands, etc.
ความคิดเห็น:
UPDATE:
4. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." Richard D. Wyckoff always mentioned the importance of being able to identify when
SUPPLY or DEMAND was dominating within a given time frame. I personally believe my indicator gives a BETTER VISUAL when "supply" or "demand" is dominating within a given
GROUP of time frames. I believe it gives this "visual" better than any other indicator I've seen. I personally believe it's easier to see when upward pressure is
exhausting within a GROUP of time frames; which often means SUPPLY is overcoming DEMAND in that particular GROUP of time frames at that particular time. I believe it's
easier to see when downward pressure is exhausting and about to revert to upward pressure within a GROUP of time frames; which often means DEMAND is overcoming SUPPLY in
that particular GROUP of time frames at that particular time. In other words, my indicator allows us to see the "Ups and Downs" of SUPPLY and DEMAND as each EVENT within
each PHASE of a Wyckoff Accumulation or Distribution Schematic plays out.
5. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." Is using only a portions of Wyckoff's METHOD to create MY OWN METHOD of analytics
doing him a disservice or robbing him of credit due him? NO... I give Richard D. Wyckoff CREDIT WHERE CREDIT IS MOST CERTAINLY DUE. I personally believe I'm honoring
his name and his method by REMINDING others of his contribution to the trading/analytics community.
6. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." Is using only a portion of Richard D. Wyckoff's METHOD and not ALL of his METHOD
doing him a disservice? NO... HERE IS WHY: I believe Richard D. Wyckoff would be THRILLED to use my indicators to identify exhaustion of upward pressure (demand)
and exhaustion of downward pressure (supply) within a specific GROUP of time frames. One must realize Richard D. Wyckoff did NOT have the technology we have today.
I believe the analytical battlefield has grown more advanced and/or complex over the decades. Which means it is all the more important to have more advanced weapons
to wage and fight each battle in this war we fight for our own financial freedom/independence.
4. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." Richard D. Wyckoff always mentioned the importance of being able to identify when
SUPPLY or DEMAND was dominating within a given time frame. I personally believe my indicator gives a BETTER VISUAL when "supply" or "demand" is dominating within a given
GROUP of time frames. I believe it gives this "visual" better than any other indicator I've seen. I personally believe it's easier to see when upward pressure is
exhausting within a GROUP of time frames; which often means SUPPLY is overcoming DEMAND in that particular GROUP of time frames at that particular time. I believe it's
easier to see when downward pressure is exhausting and about to revert to upward pressure within a GROUP of time frames; which often means DEMAND is overcoming SUPPLY in
that particular GROUP of time frames at that particular time. In other words, my indicator allows us to see the "Ups and Downs" of SUPPLY and DEMAND as each EVENT within
each PHASE of a Wyckoff Accumulation or Distribution Schematic plays out.
5. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." Is using only a portions of Wyckoff's METHOD to create MY OWN METHOD of analytics
doing him a disservice or robbing him of credit due him? NO... I give Richard D. Wyckoff CREDIT WHERE CREDIT IS MOST CERTAINLY DUE. I personally believe I'm honoring
his name and his method by REMINDING others of his contribution to the trading/analytics community.
6. What I'm teaching is Wyckoff "MODE" which includes a large part of Wyckoff "METHOD." Is using only a portion of Richard D. Wyckoff's METHOD and not ALL of his METHOD
doing him a disservice? NO... HERE IS WHY: I believe Richard D. Wyckoff would be THRILLED to use my indicators to identify exhaustion of upward pressure (demand)
and exhaustion of downward pressure (supply) within a specific GROUP of time frames. One must realize Richard D. Wyckoff did NOT have the technology we have today.
I believe the analytical battlefield has grown more advanced and/or complex over the decades. Which means it is all the more important to have more advanced weapons
to wage and fight each battle in this war we fight for our own financial freedom/independence.
ความคิดเห็น:
UPDATE:
BOTTOM LINE: If you feel I should not have Richard D. Wyckoff's last name in my username, I'm sorry... but it WILL REMAIN... I'M NOT CHANGING IT.
If you think my charts are "messed up," I'm sorry... but much of what I put on my charts IS NECESSARY. Otherwise, it would not be on my chart. You might want
to try to get an understanding of what is actually on my charts to understand WHY each item is on my chart. Then you might not say my chart is "messed up."
BOTTOM LINE: If you feel I should not have Richard D. Wyckoff's last name in my username, I'm sorry... but it WILL REMAIN... I'M NOT CHANGING IT.
If you think my charts are "messed up," I'm sorry... but much of what I put on my charts IS NECESSARY. Otherwise, it would not be on my chart. You might want
to try to get an understanding of what is actually on my charts to understand WHY each item is on my chart. Then you might not say my chart is "messed up."
Those who have followed me a while have seen me focus more on the indicators than Wyckoff Method. I could have got into a LOT more detail with the indicators to show in more convincing detail how advantageous it is to use the indicators in GROUPS of time frames.
I did NOT take the time to show GROUPS of time frames to have shown how much easier it would have been to IDENTIFY the top of the Automatic Rally in Phase A or each top of the Simple Rallies in Phase B. I did not get into detail with GROUPS of time frames to show how much easier it would have been to identify the bottom of each Test of Support in Phase A, B and C of our Wyckoff Accumulation Schematic.
All of you have seen me use GROUPS of time frames to identify tops and bottoms. I did not have the time (20 minutes) to cover HOW we would have identified tops and bottoms of each event in each phase of our schematic. I simply wanted to point out HOW ADVANTAGEOUS it is to have these indicators to use in GROUPS of time frames to be able to navigate through a Wyckoff Schematic. It doesn't matter if it's a period of DISTRIBUTION or ACCUMULATION.