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there is a course around somewhere
suggest you call john sweeny at traders.com
--- Patrick White <spy@xxxxxxxxxxxxxx> wrote:
> Any suggestions on books or literature available on
> the Wyckoff method
> of trading? I have read a small, but good book by
> Rollo Tape
> (Wyckoff's pseudonym) that I found to be useful. Are
> there any other
> references that others have found to be valuable?
>
> Patrick White
>
> -----Original Message-----
> From: charles meyer <chmeyer@xxxxxxxx>
> To: knyyt <knyyt@xxxxxxxxxxxx>; OmegaList
> <omega-list@xxxxxxxxxx>
> Date: Saturday, June 12, 1999 12:30 PM
> Subject: Re: Market Profile
>
>
> Knyyt:
>
> I wish I knew what to tell you. I read all the
> books and ask a lot
> of questions from others who had taken the courses
> and tried
> to trade using the MP methodology. IMHO, it is
> difficult to apply.
> Peter Steidelmayer is gifted but I was told that the
> students had
> difficulty making money trading MP. There is some
> organization
> out of Chicago that will sell you data to be
> downloaded. I talked
> with them also but concluded there was nothing sane
> to be offered
> that was useful. After all, they weren't trading
> with these methods
> they were selling the information to institutions
> and individuals.
> I even subscribed to the MP study on my Ensign for a
> long time
> until I concluded that it wasn't providing any
> useful information
> for trading. Someone also intimated that
> Steidelmayer made a lot
> of money using floor techniques that have nothing to
> do with MP--
> some riskless type trades involving the way orders
> are handled.
> All during the times I waded through the literature
> I kept asking
> myself;
> how does this information provide me with any clues
> as what to do
> NOW. I never received any satisfactory answers to
> that question I
> asked of myself and concluded that this was not the
> method of
> choice for learning how to trade. Hope this helps
> but this is from
> just one individual's experience. For a simpler
> understanding I would
> suggest studying the Wyckoff principles as they
> relate to the
> relation-
> ship between price and volume. The Wyckoff and MP
> principles
> are actually no different--Steidelmayer simply tried
> to take it to a
> higher level. I'm just not sure if anything was
> added to the mix.
> Now
> let me hear from you guys making the big bucks
> trading the MP
> techniques.
>
> Charles
> -----Original Message-----
> From: knyyt <knyyt@xxxxxxxxxxxx>
> To: OmegaList <omega-list@xxxxxxxxxx>
> Date: Saturday, June 12, 1999 11:40 AM
> Subject: Market Profile
>
>
> >
> > Since the responses to my last questions seems to
> have been answered
> ( And
> >already discovered ),
> > Would a few be willing to share their experiances
> with " market
> profile ",
> >in that, its worthless,..
> > or found it useful... etc....
> Knyyt ..
> >
>
>
>
>
>
===
Big Lucky Dick
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