Recent content by Der_Umweger

I would caution against psychological approaches to trading largely because so much of what I read & hear is based on behaviorism, which is founded on the idea that there are no ideas. You need a cognitive process based on sound principles. What am I talking about? I am talking about a reasoning...

This thread is about Wyckoff not Schabacker. Otherwise, Schabacker features prominently in the literature. Also, why won't you get to point and figure? It's a great tool to identify the nature of the current swing and helps to plan trades. Don't cut yourself short of some useful tools & useful...

Wyckoff method works because it's based on supply & demand. Wyckoff discussed his Composite Man campaign as a tool for understanding market historical action. Such a tool is also known as an Imaginary Construction but it comes with some restrictions. Imaginary statements are historical in nature...

Yes, read those books. Find the essential principles and integrate them into your trading.

Man Vs Machine - Can discretionary traders take advantage of algorithms in the market and profit by doing so? I think this question is besides the point. What is the relevance to discretionary trading, which is trading on the margins?