Trading the Wyckoff Method: Today’s S&Ps
Last night, we held a seminar on trading the Wyckoff Method focusing on the signs of strength and signs of weakness. We incorporated Tom Williams’s work on the SOS and SOW and my work on coordinating these with multiple time frames. It was a terrific group of traders, asking incisive questions about the material. We went on for almost three hours – all filled with details on trading this method, from market assessment, understanding price and volume, how use the higher time frames to increase odds, choice setups, how and when to enter, targets, exits, etc.
Ass a small “thank you” to that group, here is a look at today’s S&Ps and trading the Wyckoff Method. No trade was taken during the Fed announcement, but that didn’t matter. The trades available were, as usual, high quality (meaning they set up well and have good odds of seeing a decent profit). Red & green arrows show setup opportunities and entries, black arrows show targets/exits. I’ll leave it to you to do the bar-by-bar!
Fed days can be good trading days even when you don’t trade the announcement. Click on chart to enlarge.