I suggest you set aside intraday work for the time being since you will be focusing on daily charts until you become more comfortable with Wyckoff's process. The first step, then, is to find an instrument that is simple to trade, easy to trade, that is “directional”, that moves smoothly, that moves with ”intent” (i.e., that is decisive after reversals and breakouts), that chops as little as possible, and is, of course, liquid. I suggest that you review pp. 28-34 in the Dbs Burrow section of your book. You may also want to review Wyckoff's approach to the use of group charts, posts 29-34 in the Wyckoff thread. This is, to be honest, grunt work, but it's what one has to do if one is going to trade stocks rather than, say, futures. If at some point you decide that stocks just aren't for you, then you'll have other choices to make. The "Developing A Plan" section may be of further help in that circumstance, at least in terms of determining exactly what it is you want to accomplish.Ah that's true, I can easily pick a US market to paper trade in.
So we're at:
1. Paper trade daily chart
2. Trade only retracements
Is there anything else I should be doing? Do I keep on watching replays of price moving? I was doing this with on a 3 minute chart, I guess the time frame for this doesn't matter?