Replies to post #264 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

now spx 1-5
completed the 1-4

this market is very powerfull it has a long way to go till done

do not think that way

the chart will be different then for sure


I expected the 2 month pullback (major wave 5-4) so i expect the
final part of 5 to take the market till end of year

I do not forecast long term. I look at each day and week and month.

[farooq]

Instead of plain position of go long, take a spread.
Suppose you want to go long here and think it will go to 75 by end of next week. so buying 70 and selling 75 will cost you less than 2.50 if exercised you will make 5. if it is below 70 you lose all, if it is below 75 you will make difference between 70 and price.
Hope it help.