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Flojomojo

Wyckoff Applied to Forex

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In this thread I’d like to discuss how Wyckoff ideas can be applied to Forex. As this should not become another VSA thread it should focus on how to judge the market by its price action alone.

 

For your convenience the most important Wyckoff terms can be found here.

Edited by DbPhoenix
Correct glossary; remove comml link

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My first try can be found here in post #55.

 

I’ll also be annotating EUR/USD charts from the start of this year for study purposes. I’d be glad to see people join in the practicing and hope some of the Wyckoff pros throw in their wisdom and corrections as well. :)

 

For the hindsight analysis I will always be posting:

- a pdf file with two annotated charts:

(1) daily chart at the beginning of the week

(2) 15 minute chart of the weeks action

- an Excel file containing:

(i) a ‘raw’ version of the daily and 15 min charts for your annotation convenience

(ii) my annotated versions of the daily and 15 min charts

(iii) the data for the graphs

 

So here we go with the first week of 08.

071230-080104_Charts.pdf

071230-080104_Charts.zip

Edited by DbPhoenix

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As I told Flojo when he asked me about this prior to posting, a number of people have expressed interest in this, but few have followed through (and none in this Forum). I don't see the lack of volume (and please, let's not get into the tick volume nonsense again; those who just can't help themselves can peruse this) as an impenetrable barrier. After all, Wyckoff didn't use volume in intraday trading except in the most general way; he used P&F.

 

So if interested individuals want to find some way of making it work, that's perfectly okay by me. All I ask is that VSA be left out of it.

Edited by DbPhoenix
Provide link on tick volume

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Here are my annotations from the second week of january (13th to 18th). This time I've also included the data of the previous week + a chart showing the most important ranges (DBs cajas famosas). These are then shown on the weekly chart as grey boxes next to price on the y-axis.

 

Feel free to comment and/or make your own analysis with the data.

 

Cheers,

Flojo

080111_DailyChart.thumb.JPG.049ea21090db20b75c5505a641c506b1.JPG

080113-080118_15MinChart_annotated.thumb.JPG.54164c7adff8b926c30197b948f01153.JPG

080113-080118_Charts.zip

Edited by DbPhoenix

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@Firewalker: Which Wyckoff ideas do you incorporate in your trading?

 

Hi flojo, I'd say I try to use some ideas to the best of my ability:

- shorting a secondary high at resistance on lower volume

- buying the test after a selling climax

- taking a trade when price moves from a state of equilibrium (consolidation, congestion) to a state of strong directional moves

 

There's are just a few... I mean the ideas or the approach is not a fixed set of trading rules or tactics, so my 'interpretation' or my practical work-out might be different than others who use similar guidelines.

 

Btw: nice charts you have there!

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Here are my annotations from the second week of january (13th to 18th). This time I've also included the data of the previous week + a chart showing the most important ranges (DBs cajas famosas). These are then shown on the weekly chart as grey boxes next to price on the y-axis.

 

Feel free to comment and/or make your own analysis with the data.

 

Cheers,

Flojo

 

Thanks for the pics. Can I ask about a few of your acronyms on the notes?

 

1) wrb (does this mean wide range bar or wide range body?)

2) LWL

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I'm back from my short trip, down to business again and just completed my annotations for last week.

 

So far there was not much discussion about the annotations, how you see them, what you actually read when looking over the chart, the box placement, etc....any suggestions for making this thread a bit more lively?

 

Are my posts with charts like this actually of any interest to you, or am I just occupying server space?!?

 

Good trading,

Flojo

080907_DailyChart.thumb.JPG.ca8de38dbf2e659b7bed2d3e1cd90d8f.JPG

080831-080905_15MinBox.thumb.JPG.02523f6e8b9cf818d50acc223adc4425.JPG

080907-080912_15MinChart_annotated.thumb.JPG.574b0fd713c3153e71896007c3cd526e.JPG

080907-080912_Charts.pdf

080907-080912_Charts.zip

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Yay! The views to this thread cracked the 1000 mark! What do you pay attention to in these posts? :hmmmm:

 

To all the work you put in :)

Great job... perhaps this thread goes unnoticed by the majority of FX traders because it resides in the Wyckoff Forum?

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To all the work you put in :)

Great job... perhaps this thread goes unnoticed by the majority of FX traders because it resides in the Wyckoff Forum?

 

Certainly looks like that, indeed he is making an effort, we don't trade that market.

Edited by DbPhoenix
for content

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Preparatory work for this week, including:

 

1) Daily chart

2) Last week with boxes

3) Macro view with boxes

 

What's your preparatory work?

 

Edited:

Forgot to mention...how to read a box chart can be found in this thread

 

Attached is the box version how DB sees it. (Originally posted by him here in post #99)

 

Flojo

080921_BoxStory_DB.pdf

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