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Showing results for tags 'wyckoff'.
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Hey guys , what are the main things you look for to detect if the consolidation area is accumulating or distributing ? 1 ) I see springs in top , still markup happens and it becomes accumulation area and vice versa 2) There is lots of volume absorption in support line and still markdown occurs. 3) sometimes in market high / low it becomes re-accumulation / re-distribution Is there any clear way to find it ? -
Since the VSA II thread now has over 2,200 posts and 128,000 visits, it seemed time to start VSA III. To get us rolling, here is quick VSA look at how the market unfolded this morning on the 3-minute time frame (S&P e-minis). The market opened higher than yesterday’s close, fell off over the first 15 minutes to A, and then tried to rally. B – the rally to B did not bring out demand, and the bars at B were weak, closing on their lows. C – A very weak bar with an increase in spread and volume to the downside. Supply came into the market here. D – No demand on the first rally after weakness appeared and a good short. E – Volume drops off as the market moves lower into the area of yesterday’s close. F – A bottom reversal on good spread indicating demand. G – the market tests the lows of E/F and is unable to draw supply. As it begins to rally, it tests again at G1. H – An increase in volume with a good close, but the spread narrows – caution for longs. J – Down bar, on wide spread and high volume shows supply has reentered the market. J – No Demand followed by a small hidden upthrust. K – Again we come back into the lows and find no supply and the market rallies. T – Tests occur below the resistance at I indicating a rally and a break of I. L – small bottom reversal/key reversal bar which tests for supply by dipping lower one last time before moving up to close on its high. M – Break through the resistance at I and a rally into the noon hour. Note that the volume falls off as we move into the noon hour and come into the morning supply at A. Hope this is helpful, Eiger
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Richard Wyckoff was a pioneer of technical analysis. While Dow contributed the theory that price moves in a series of trends and reactions, and Schabacker classified those movements into chart patterns, developed gap theory, and stressed the role of trader behavior in the development of patterns and support/resistance, Wyckoff contributed the study of the relationship between volume and price movement to detect imbalances between supply and demand, which in turn provided clues to direction and potential turning points. By also studying the dynamics of consolidations or horizontal movements, he was able to offer a complete market cycle of accumulation, mark-up, distribution, and mark-down, which was in large part the result of shifts in ownership between retail traders and professional money. Wyckoff sought to develop a comprehensive trading system which (a) focused on those markets and stocks that were “on the springboard” for significant moves, (b) initiated entries at those points which offered the highest probability of success, and © exited the positions at the most advantageous time, all with the least possible degree of risk. His favorite metaphor for the markets and market action was water: waves, currents, eddies, rapids, ebb and flow. He did not view the market as a battlefield nor traders as combatants. He counseled the trader to analyze the waves, determine the current, “go with the flow”, much like a sailor. He thus encouraged the trader to find his entry using smaller “waves”, then, as the current picked him up, ride the current through the larger waves to the natural culmination of the move, even to the extent of pressing one’s advantage, or “pyramiding”, as opposed to cutting profits short, or “scalping”. “Trading Wyckoff”, then, is more than just relating price and volume. It is a complete trading strategy, ranging from finding the most attractive opportunities through strategy development and trade management to the best moment to close the trade, all with the least possible degree of risk. Below are copies of Wyckoff's Studies in Tape Reading, which has been reformatted into The Day Trader's Bible and is as good a place to start as any, along with Reminiscences of a Stock Operator by Jesse Livermore, a contemporary of Wyckoff's. We've also included a chapter from Wyckoff's original trading and investing course. This chapter consists of Wyckoff's analysis of an entire year of price action as it relates to the essential elements of Wyckoff's approach: volume, support, resistance, climactic activity, tests and retests, etc. . DTB, 1919.pdf RSO.pdf Wyckoff Analysis 1930-31.pdf
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This post would probably be a good starting point: http://www.traderslaboratory.com/forums/34205-post1.html Several documents are attached to the post, one of his books too.
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Hello folks, I want to start a free chat room for serious traders using Volume Spread Analysis and Wyckoff methods on their day-to-day basis. Im usually online from the middle of London session to the end of NY session (somedays I may be online for the open of the Tokyo session). Details: 1.- No head trader: Nobody giving signals or anything, no guru, just serious traders sharing charts, analysis and talking about Smart Money manipulation. ie: Chat user1: Hey guys seems like GJ its being accumulated after that selling climax Chat user2: Yes, I will be buying any no-supply bar anytime soon 2.- Free of charge: Kinda like the forexstreet chat in the forex socialnetwork but without all the newbies, scammers, signal vendors. I don't like the forexstreet chat personally because it gathers all type of traders with all types of strategies, experience, etc. Because of this, it usually gets a little messy (just my humble opinion, no offense). The idea would be something very similar to this but for VSA and Wyckoff traders only, trading spot forex and/or currency futures on a serious day to day basis. 3.- Non-educational: The motivation of the chat room would not be for educational purposes but I´m a believer that everyday is a learning opportunity and I am always open to learn something from everybody. So, obviously we all will be learning together from each other, but this would not be the main reason of the room. 4.- Real purposes of the chat room: Meet fellow traders using the same methods (Wyckoff and VSA) to make money in the markets, manipulation talk, sharing analysis, basically all the purposes of a trading community but with a filter for Wyckoff method's believers and VSA traders. Important: The chat would be using a private instant messenger like Skype, Hangouts, etc. I don't want to be the "owner", I want the chat open when Im not online so Im open for suggestions from all of you interested. If you use VSA and/or Wyckoff method to trade the currency futures or spot currency markets you are very welcome to join with ideas to make this happen. Please let me know by replying in this thread or via PM Warm regards from Mexico, -
I'm going to write daily in this thread my journey using VSA to speculate in the currency markets. My purpose is to get better at this methods (VSA and Wyckoff) and write daily my own interpretation of the (smart money) large operator's moves in currencies. Background about me: Been trading for 5 years (next April), I was trading for the first 4 years using classic technical analysis and supply and demand zones until I discovered the beautiful Wyckoff method and then the vsa method. So basically I am just 8 months using VSA in spot forex. Things I'm looking for in the charts: I am usually looking for the Yao Ming bars, basically I look for climatic action followed by a spring (or upthrust) and then the classic no supply bar (or no demand). I use 1H, 15min and 5 min charts. Everybody is welcome to chime in, just remember that the charts I will be posting are not sell/buy signals, they are just my interpretation of the current story line within the market. Let's begin
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Richard Wyckoff was a pioneer of technical analysis. While Dow contributed the theory that price moves in a series of trends and reactions, and Schabacker classified those movements into chart patterns, developed gap theory, and stressed the role of trader behavior in the development of patterns and support/resistance, Wyckoff contributed the study of the relationship between volume and price movement to detect imbalances between supply and demand, which in turn provided clues to direction and potential turning points. By also studying the dynamics of consolidations or horizontal movements, he was able to offer a complete market cycle of accumulation, mark-up, distribution, and mark-down, which was in large part the result of shifts in ownership between retail traders and professional money. Wyckoff sought to develop a comprehensive trading system which (a) focused on those markets and stocks that were “on the springboard” for significant moves, (b) initiated entries at those points which offered the highest probability of success, and © exited the positions at the most advantageous time, all with the least possible degree of risk. His favorite metaphor for the markets and market action was water: waves, currents, eddies, rapids, ebb and flow. He did not view the market as a battlefield nor traders as combatants. He counseled the trader to analyze the waves, determine the current, “go with the flow”, much like a sailor. He thus encouraged the trader to find his entry using smaller “waves”, then, as the current picked him up, ride the current through the larger waves to the natural culmination of the move, even to the extent of pressing one’s advantage, or “pyramiding”, as opposed to cutting profits short, or “scalping”. “Trading Wyckoff”, then, is more than just relating price and volume. It is a complete trading strategy, ranging from finding the most attractive opportunities through strategy development and trade management to the best moment to close the trade, all with the least possible degree of risk. Below are copies of Wyckoff's Studies in Tape Reading, which has been reformatted into The Day Trader's Bible and is as good a place to start as any, along with Reminiscences of a Stock Operator by Jesse Livermore, a contemporary of Wyckoff's. Chapters from Wyckoff's original trading and investing course follow. [ATTACH]28582[/ATTACH] [ATTACH]28583[/ATTACH] [ATTACH]28584[/ATTACH] W VOLUME STUDIES (14M).pdf
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This is my first post on TL and I hope it will be start of something refreshing. I've been a member of T2W, having learnt a lot over there, but recent turnoil and lack of interesting discussion made me leave that site. I won't be posting as much as I did over there :missy:, I'll focus on developing my own blog instead and will hope to learn something more along the way. I would like to continue one thread, which I started two weeks ago, but unfortunately got derailed so many times that ultimately there was no point in doing so. From what I've seen, the odds of this happening here are next to zero, thankfully.
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We are all familiar with the great Volume Spread Analysis thread, I thought what I would do here is just highlight some of the information on it, just to make it easier find here rather than on the big thread. Pivot Profiler provided coding for the VSA indicators he used in this post. It is post #1319 on the VSA thread. jjthetrader has researched the logic behind the TradeGuider volume bands and posted the results on this post. He also attached the ELD for his result to this post. Post #51 of the "REQ Help with Trend Indicator" thread. The Master The Markets book is available for download and printing here.
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[VSA] Volume Spread Analysis Part II I would like to start a fresh VSA thread due to the increasing length of the original thread. Please use this as a continuation of the first thread located here. PP has also removed the charts from his original thread (EDIT: they have since been re-posted). However, those that have been following the VSA thread should have gained knowledge tremendously. Hopefully we can make this thread as successful as the first one. Here we go. The brilliant game of psychology:
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We are in talks on having a online webinar with TradeGuider | Trading Software | Investment Software | Volume Indicators on Volume Spread Analysis. Gavin from TradeGuider will be hosting a live presentation exclusively for Traders Laboratory. This will be held on March 13 (if not, the one after). More details will be provided by March 12, so please read this thread for further announcements. Thanks
