Weis Wave

[mazda11 10]

I am a follower of the VSA/Wyckoff approach, especially Tom Williams.

 

Recently, the folks at Tradeguider has embraced the Weis Wave,

developed by David Weis, a Wyckoff specialist.

 

It looks like it accumulates the total volume of not the individual bars,

but rather the waves that forms.

 

Is this another tool that should be

mastered to acquire the skills necessary to trade VSA?

It looks like Dr. Dayton has totally embraced this tool as well.

 

Personally, I feel that there is no reason to add any new

material to those taught by Tom Williams, the father of VSA.

 

I am interested in any opinions you may have.

 

Thanks

[YertleTurtle 10]

David Weis is someone I really respect. I don't own his Weis Wave but I coded my own. I find it helpful along side VSA and the Wyckoff Method. I've only been using it for a short while and IMO it shows areas of no supply/demand and areas where there is a lot of effort and not much result allowing to either take positions with more confidence or where there isn't a bar you would take a position off of. It also shows the shortening of the thrust indicating potential reversals.

 

Its a tool like anything else. Its simple in its design and anyone with familiarity with the three basic Wyckoff laws will find it useful. (Supply v Demand, Effort v Result and Cause v Effect).

 

Just my two cents.

[koopio 10]

You have to add Gary Fullett to this list too. He is close to David Weis and is a Wyckoff master himself.

[darvasfan 10]

I'm not sure if it will matter to the interpretation, but Williams' VSA is not pure Wyckoff. It is modified Wykcoff. As I understand it, Weis and Gary Fullett are pure Wyckoff instructors. So, I'm not sure if there might be some minor conflict in interpretation of the Weis Wave vs. VSA.

[koopio 10]

I'm not sure if it will matter to the interpretation, but Williams' VSA is not pure Wyckoff. It is modified Wykcoff. As I understand it, Weis and Gary Fullett are pure Wyckoff instructors. So, I'm not sure if there might be some minor conflict in interpretation of the Weis Wave vs. VSA.

 

Your statement is 100% correct !!!

 

David & Gary are purists. I like the old masters .

[mazda11 10]

I recall reading somewhere in this forum that Eiger

is actually Dr. Dayton.

 

His analysis on this forum is my favorite since the setups he looks for

are clearly explained in detail using VSA principles.

 

By the way, Gavin has a 2nd book that shows the sequence of

VSA principles that he looks for before taking a trade.

I think it may still be available for free.

 

I thought that this book helps out a lot in avoiding low

probability trades, and adds a lot of structure in analyzing the market.

[YertleTurtle 10]

Dr. Dayton was taught by David Weis. He also is a user of the Weis Wave and has numerous mentions of it on his website and in the charts he posts.

[mazda11 10]

Dr. Dayton was taught by David Weis. He also is a user of the Weis Wave and has numerous mentions of it on his website and in the charts he posts.

 

I have been waiting eagerly for David Weis's book to be published.

 

Looks like it will come out in early 2013, according to the

Amazon website. In the mean time, I should probably

go to his website to learn more about the Wyckoff method.

[YertleTurtle 10]

Definitely sign up for his nightly news letter - its free and his charting is simple and elegant.

[zextra 10]

Has anyone seen mboxx.org? Looks similar to weis wave, but uses boxes intstead of the zig zag indicator to accumulate volume, and also it accumulates time. This is very intersting since weis wave does not show accumulation of time. I read and am studying wyckoff logic, and wyckoff wrote that volume and time are correlated. Interesting. Anybody have any thoughts about this? I haven't bought it....

[jdouglas1972 10]

Looks like mboxx.org redirects to mboxwave.com, so not sure what it was before... I was a student of David Weis and paid him to teach me. After shelling out $500 for weis wave, now I regret it since it looks cheaper on mboxwave.com and has a lot more features....((