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Friday, April 26, 2024

Wyckoff Price Thrust Measure

Courtesy of Read the Ticker.

wyckoff-price-thrust-measureRichard Wyckoff said in his last days as an educator,’follow the waves’. And an important measure of those waves is the ‘thrust’. The thrust of price into new ground, considering price and volume support or lack of it. The price wave thrust is clear visual presentation of the composite man demand or supply characteristics: strong, mild, weak or confused. 



readtheticker.com favored trend tool named RTTTrendStatus sister indicator RTTTrendThrust shows off Wykcoff measure of price thrust. RTTTrendThrust can be used to assist mechanical trading systems (like lower time frame Stochastic(10,3,3) on higher time frame Stochastic(10,3,3)).



A video to explain in more detail. 








Here are the demo charts in the video



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Wyckoff Thrust




A wider view





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Wyckoff thrust apple





Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.





NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



..”Money cannot consistently be made trading every day or every week during the year”..



Jesse Livermore Trading Rule







..“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”..



John Templeton





..”Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it”..



Warren Buffett





..”It’s easier to fool people, than to convince them they have been fooled”..



Mark Twain





..”Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets”…



Stan Druckenmiller







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