Wyckoff Applied to Forex

[Flojomojo 10]

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 June 25, 2009 by DbPhoenix
Correct glossary; remove comml link

[Flojomojo 10]

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 January 10, 2013 by DbPhoenix

[Flojomojo 10]

sorry...the pdf is missing one page...here's the correct version

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=7723&stc=1&d=1357776561

071230-080104_Charts.pdf

Edited January 10, 2013 by DbPhoenix

[DbPhoenix 42]

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 January 10, 2013 by DbPhoenix
Provide link on tick volume

[Flojomojo 10]

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

080113-080118_Charts.zip

Edited January 10, 2013 by DbPhoenix

[Flojomojo 10]

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

[firewalker 10]

@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!

[snackly 10]

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

[Flojomojo 10]

Hi snackly,

 

wrb=wide range bar

LWL=last week low

Edited June 25, 2009 by DbPhoenix
Remove refs to tick volume

[Flojomojo 10]

Attached is the next week of my series: 20-25th Jan 2008

080120-080125_Charts.pdf

080120-080125_Charts.zip

Edited June 25, 2009 by DbPhoenix
Ref to del post

[Flojomojo 10]

Here's my EUR/USD analysis from last week (080831-080905) in the same style as the other ones. So a daily chart preassessment from 31.08 followed by the week as 15min chart. I'll be posting my pre-week homework for this week shortly.

080831-080905_Charts.pdf

080831-080905_Charts.zip

[Flojomojo 10]

Pre-week-homework on 7th September

080907-080912_Charts.pdf

[Flojomojo 10]

whoops...the top of that last box on the 15MinChart should be at 1.4320ish

[Flojomojo 10]

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

080907-080912_Charts.pdf

080907-080912_Charts.zip

[Flojomojo 10]

Here's my weekends homework: EUR/USD analysis of last week 14-19th September.

 

Comments, questions, etc. are all welcome.

 

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

080914-080919_Charts.pdf

080914-080919_Charts.zip

[Flojomojo 10]

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

080921_Homework.pdf

080921_BoxStory.xls

Edited September 22, 2008 by Flojomojo

[firewalker 10]

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?

[Bearbull 10]

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 September 22, 2008 by DbPhoenix
for content

[Flojomojo 10]

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

[Flojomojo 10]

Here's my 15Min macro box story for September 28th. Personally I don't see the need to draw any additional congestion zones.

 

Comments always welcome,

Flojo

080928_BoxStory.pdf

080928_BoxStory.zip