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A Wyckoff Student Notebook

Discussion in 'Trade Journals' started by Onepoint272, Apr 27, 2016.

  1. Onepoint272

    Onepoint272 Well-Known Member

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    That is so cool Emmett. Your uncle likely paid plenty for that course and now it likely has significant collector-value as well. But the real value is what you can learn from it. He must have thought a lot of you.
     
    emmett kelly, Jrich and bigbear0083 like this.
  2. Onepoint272

    Onepoint272 Well-Known Member

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    A potential Wyckoff setup:

    Weekly bars:
    upload_2019-3-3_21-10-16.png
     
    bigbear0083 likes this.
  3. Onepoint272

    Onepoint272 Well-Known Member

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    A count back to the SC gives a target of 38. A very conservative count back to the spring gives 23.

    50-cent-box by 3-box reversal:
    upload_2019-3-3_21-50-10.png
     
    #483 Onepoint272, Mar 3, 2019
    Last edited: Mar 3, 2019
    bigbear0083 likes this.
  4. Onepoint272

    Onepoint272 Well-Known Member

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    I'd like to see a deeper pull back. That penultimate bar on the daily (yellow arrow) had way too much effort for the result.

    Daily bars:
    upload_2019-3-3_22-4-4.png
     
    bigbear0083 likes this.
  5. Onepoint272

    Onepoint272 Well-Known Member

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    Here's another one on the "Telecom" theme.

    Weekly bars:
    upload_2019-3-3_22-15-15.png
     
    bigbear0083 likes this.
  6. Onepoint272

    Onepoint272 Well-Known Member

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    AGX daily bars...looks nice:

    upload_2019-3-3_22-26-39.png
     
    bigbear0083 likes this.
  7. Rock Sexton

    Rock Sexton Meat Popsicle

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    LOL .... I was literally going to update this thread with ATUS last week and forgot.

    Earnings were a big beat and they've refinanced a ton of long term debt. I've got a $39 PnF target.
     
  8. Onepoint272

    Onepoint272 Well-Known Member

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    I did some shopping today, picked up some AGX, NIO, and SBUX.

    I'm still a little hesitant about ATUS though. The range came from weakness so it needs to prove demand but no definitive SOS yet (I suppose that long run-up could be) but then there's that effort vs result bar from last Thursday (yellow arrow) that concerns me.

    Daily bars:

    upload_2019-3-4_21-13-36.png
     
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  9. Rock Sexton

    Rock Sexton Meat Popsicle

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    The irony is the very next bar after that "effort vs. result" you pointed was on elevated sell volume and it got absorbed.

    If the Wyckoff signals are unclear or hesitant to me, I always make sure to include my VP stuff. The developing 1st quarter 2019 profile is very bullish - since the POC (point of control) at 21.54 is at the upper end of the profile.
    • If seller's are able to move it below, I would fully expect a flush at the LVN (low volume node) at the upper 19's to remove supply.
    ATUS3-5update.JPG




    As you can see on a 1 hour chart it's hugging the crap out of the POC.

    ATUS3-5update(2).JPG
     
    #489 Rock Sexton, Mar 5, 2019
    Last edited: Mar 5, 2019
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  10. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    This is a heluva clinic you guys are putting on. Man am I glad I follow this thread!
     
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  11. Rock Sexton

    Rock Sexton Meat Popsicle

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    I say this with 100000000% conviction - this is my favorite stock thread in all of the land. If you look around the net most people posting about stocks are doing so very emotionally and often with cluttered charts. Guys like @Onepoint272, @Jrich, myself etc ...... we keep everything objective.

    Stick around - there's wealth of knowledge in here. You'll start seeing the market differently and strip it of the supposed "noise".
     
  12. Onepoint272

    Onepoint272 Well-Known Member

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    Here's another one up for your consideration, Future Fuel, FF. They make chemicals and biodiesel and biodiesel blends. That small move down on Dec 21st was on big volume and had no follow-through...effort vs result. Classic "bag holding"...the CM holding his bag open just under the trading range as the public fills it up with shares. The rally back to the top of the range had increased volume on the rallies and decreased on the pullbacks. This does not need a sign of strength (SOS) because demand is already proven, i.e., it came into the TR from an uptrend (a re-accumulation range). Another way to look at it is that it does not need to jump the creek because the creek is already below the price record.

    Daily bars:
    upload_2019-3-5_19-21-41.png
     
  13. Jrich

    Jrich Well-Known Member

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    Ive watched this one soar 140% since the magic wand guy promised to bring back all those jobs.. Never gave me a pull back or a decent entry.. Maybe that's what its doing now... NFP report comes out Friday, seems to be a reliable indicator for the uniform company.. Arrows mark previous reports, the miss in Dec leading to the spring and the two big upside surprises in Jan and Feb leading to the break out.... P&F target of $266 leaves room for ~30% upside, but this one has shown it has legs.. Plus it is a Dividend Aristocrat

    ctas mar 5.png
     
  14. Onepoint272

    Onepoint272 Well-Known Member

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    Looking to add to SBUX position. It had been building cause since Oct 2016 in what is assumed to be a re-accumulation TR. A count from the LPS back to the BC gives a price projection of $150 on a $1.50-box by 3-box-reversal Point & Figure chart. A weekly vertical chart is attached. An SOS is indicated however it was not necessary for a re-accumulation TR. It appears to have begun a new mark-up phase.

    Weekly bars:
    [​IMG]
     
    #494 Onepoint272, Mar 8, 2019
    Last edited: Mar 8, 2019
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  15. Onepoint272

    Onepoint272 Well-Known Member

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    Looking to add to AGX position. It had been building cause for almost a year, has jumped the creek, and is now in some sort of Backup-to-the-Creek action. A $1-box by 3-box-reversal Point & Figure count gives a price projection to $93.

    Daily bars:
    upload_2019-3-8_17-7-19.png
     
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  16. Onepoint272

    Onepoint272 Well-Known Member

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    I probably should have taken profits on BABA when it hit my Point and Figure target of 186...but there is no big supply showing up yet, so I'll wait and see if it prints a lower high. I'm thinking it will need to build more cause in this higher range.

    Daily bars:
    [​IMG]
     
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  17. Onepoint272

    Onepoint272 Well-Known Member

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    AAPL hit its Point & Figure target and then bounced into a short-covering rally. I just don't see it making further upward progress without first testing lower and building some cause. I point it out because of the large influence AAPL plays on the indexes.

    Weekly bars:
    upload_2019-3-8_18-44-4.png
     
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  18. Onepoint272

    Onepoint272 Well-Known Member

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    Considering taking profits in NVTA soon. It has held up well this past bearish week but...
    1. The all-time high is just above at 22.35.
    2. For the smaller AB-CD it has surpassed the AB=CD mark at 19.38 and hit the 1.272 fib extension. A move to 1.618 (at 23.32) is considered over-extended usually resulting in a top and a deep retracement.
    3. For the larger AB-CD it is approaching AB=CD, an extension of 1.000 at 23.07.
    A $0.75-box by 3-box-reversal point and figure count projects the ultimate price to 52.50 so I don't want to be too hasty with this. On the other hand, I can always buy it back, hopefully at a lower price and right now $23 looks like an attractive sell price to me. We'll see what next week brings.

    Weekly bars:
    upload_2019-3-8_19-17-3.png
     
    #498 Onepoint272, Mar 8, 2019
    Last edited: Mar 8, 2019
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  19. Rock Sexton

    Rock Sexton Meat Popsicle

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    Of course I'm still holding mine, but this is the part I always hate. Such high confidence in PnF measurements, but as always nothing ever goes straight up. Sitting here watching these pullbacks after a nice move can be summed up in one meme ....

    [​IMG]
     
    #499 Rock Sexton, Mar 12, 2019
    Last edited: Mar 12, 2019
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  20. Rock Sexton

    Rock Sexton Meat Popsicle

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    Stay patient my friend. ;)
     
    Onepoint272 likes this.

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