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The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action


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The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action

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  #101 (permalink)
 rassi 
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Feibel View Post
Wyckoff and VSA principles at play in today's action:

VSA - No demand (setup)
Spring (setup)
Effort vs Result (excellent example)
Bar by Bar analysis

PDF attached (3 pages)

You have such a good understanding of wykoff and vsa it is impressive if a little daunting as it reminds me how redimentry mine is.

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  #102 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Waves
Effort vs. Result (waves and bar)
Price action aberration
Climatic bar
Change of behaviour

and some Bar by Bar analysis

PDF attached (4 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es020817-1.pdf  
 
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  #103 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


rassi View Post
You have such a good understanding of wykoff and vsa it is impressive if a little daunting as it reminds me how redimentry mine is.

Thank you very much, I sincerely appreciate the feedback.

The level of my understanding is evolving all the time, nuances and subtleties keep on showing up, it appears I will forever be a student of the markets.

F

 
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  #104 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Spring setup
VSA no demand setup
Waves
Effort vs. Result
Climatic Bar
Bar aberration (hidden selling)

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es030817-1.pdf  
 
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  #105 (permalink)
 vimla1918 
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I have been following your chronicals for quite some time . As i have studied bit of Wyckoff and his follower David H. Weis
style of trading - here comes you with daily logical practical narration of their trading principles in play.

thank you so much.

question - on your Tick chart , the cumulative wave volume on the waves and at the bottom (software) , has to be purchased separately or it comes with ninja T

thanks again

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  #106 (permalink)
 sudhirc 
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Its David H. Weis - Weis Wave plug in for NT -- Weis Wave Plugin: A Modern Adaptation of the Wyckoff Wave & Volume

if you are an elite member you can get PriceActionSwing indicator at
which is very identical to Weis-wave

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  #107 (permalink)
 trendisyourfriend 
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sudhirc View Post
Its David H. Weis - Weis Wave plug in for NT -- Weis Wave Plugin: A Modern Adaptation of the Wyckoff Wave & Volume

if you are an elite member you can get PriceActionSwing indicator at
which is very identical to Weis-wave

There are some differences between the elite version and that of David Weis. Weis's version is more precise or identifies each wave correctly.

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  #108 (permalink)
 ninjus 
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Does the weis wave plugin repaint like the priceactionswing oscillator does?

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  #109 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


vimla1918 View Post
I have been following your chronicals for quite some time . As i have studied bit of Wyckoff and his follower David H. Weis
style of trading - here comes you with daily logical practical narration of their trading principles in play.

thank you so much.

question - on your Tick chart , the cumulative wave volume on the waves and at the bottom (software) , has to be purchased separately or it comes with ninja T

thanks again

You are more than welcome Vimla, glad the Chronicles can be of benefit

The wave volume as mentioned is the Weis Wave, I believe there maybe an add on ''ZigZag'' which is available for free, although I cannot comment on its functionality as I haven't used


F

 
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  #110 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Apex's
Wave (no demand setup)
Trend Channels

PDF attached (2 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es040817-1.pdf  
 
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  #111 (permalink)
 sudhirc 
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trendisyourfriend View Post
There are some differences between the elite version and that of David Weis. Weis's version is more precise or identifies each wave correctly.

@trendisyourfriend

I think WeisWave and PriceActionPro are both very similar, however the only difference I noticed in relation to wave count is how they are calculated.

I use PriceActionPro and I compared my charts to some of the charts that are posted using WeisWave and what I noticed is that the Wave counts done by PriceActionPro used the first close if two or more bar closes fall on the same price, and WeisWave uses the last bar close when two or more closes fall on the same price to count wave count.

Attached two ES 3500 Tick chart from 8/3 one with Weis counts and the other with PriceActionPro and you can see where there is a difference with WeisWave I put circled. (circled one are from WeisWave). The difference is due to the fact that for those bars the closes fall on the same price and both indicators calculates slightly differntly as explained above.

If some one can modify PriceActionPro where we can calculate the wave count for the last close if two or more closes fall on the same price we can match it to WeisWave. I’m no programmer and I requested in the forum if some one can let me know how to change it, but there are no takes at this point. (post #1503, )

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  #112 (permalink)
 rassi 
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sudhirc View Post
@trendisyourfriend



I think WeisWave and PriceActionPro are both very similar, however the only difference I noticed in relation to wave count is how they are calculated.



I use PriceActionPro and I compared my charts to some of the charts that are posted using WeisWave and what I noticed is that the Wave counts done by PriceActionPro used the first close if two or more bar closes fall on the same price, and WeisWave uses the last bar close when two or more closes fall on the same price to count wave count.



Attached two ES 3500 Tick chart from 8/3 one with Weis counts and the other with PriceActionPro and you can see where there is a difference with WeisWave I put circled. (circled one are from WeisWave). The difference is due to the fact that for those bars the closes fall on the same price and both indicators calculates slightly differntly as explained above.



If some one can modify PriceActionPro where we can calculate the wave count for the last close if two or more closes fall on the same price we can match it to WeisWave. I’m no programmer and I requested in the forum if some one can let me know how to change it, but there are no takes at this point. (post #1503, )



Does this matter as proportionally they are the same? It's my understanding it's the comparison of waves rather than numbers that's important?


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  #113 (permalink)
 ratfink 
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rassi View Post
Does this matter as proportionally they are the same? It's my understanding it's the comparison of waves rather than numbers that's important?

Agree. Likewise both indicators are lagging, they only 'know' the swing volume once the swing has been broken by the subsequent trigger bar, so not worth worrying much about. All charts look better in the middle of the page than they do near the right hand edge. This is a great thread though, many thanks @Feibel and all questioners.

Chees

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  #114 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Spring set up
VSA no supply setup
Sign of strength (SOS) Bar
5m climatic bar?
Wyckoff thinking - background conditions (core component)

and a little on tick data and market behaviour 3 pushes....

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es070817-1.pdf  
 
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  #115 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play into today's action:

VSA no supply setups x 2 (tests)
Spring
Wyckoff Classic setup (rally back to ice)
Change of Behaviour
Waves
No demand
Trend Channels

and price action aberration (comes into play 150 mins later)

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es080817-1.pdf  
 
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  #116 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Climatic Bar
Wave set ups x2
Trend Channel confluences
Spring setup
No demand rally
No demand set up

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es090817-1.pdf  
 
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  #117 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Classic Wyckoff setup (rally back to ice)
Classic trend trading setups (weak rallies to a confluence level)
Testing upthrust setup
Waves
No demand (multiple)
Reverse use of trend line

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es100817-1.pdf  
 
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  #118 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Change of behaviour
Shortening of the upthrust
Upthrust setup (perfect back ground conditions)
Apex setup (readable)
Waves

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es110817-1.pdf  
 
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  #119 (permalink)
 trendisyourfriend 
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Feibel View Post
Wyckoff and VSA principles at play into today's action:

VSA no supply setups x 2 (tests)
Spring
Wyckoff Classic setup (rally back to ice)
Change of Behaviour
Waves
No demand
Trend Channels

and price action aberration (comes into play 150 mins later)

PDF attached (3 pages)

You identified a change of behavior and did not take this trade (see red arrow), Why???


 
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  #120 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

@trendisyourfriend

Good question.

Firstly my attention is via the tick chart at this point. However, using the 5m chart if we analyse the bars from the red arrow going 6 back (inclusive) we gather much info

Bar 1 - Widespread with high volume, closes well off the lows, mid bar, a little climatic. Why climatic? By comparing and contrasting is the key, look at the selling from the cluster of closes (purple highlight) we slip down with no real volume, bar 1 prints with twice the volume mid bar - indicates buying . Does this action make sense? yes - were at support right back into the middle of the apex. Bars A to D we have established as demand, this area we would have to class as a buying zone

Bar 2 - negativity, closing weak under bar 1, volume reduced (weakness)

Bar 3 - no downside follow through, we end up closing firm deep into bar 2 on reduced volume. (Strength) Looking to the left, these 3 bars do not have enough force to break through the buying zone

Bar 4 - buying with increased volume (strength)

Bar 5 - no supply test , dips down finds no further selling reverses back to close higher than previous bar on lower volume - this confirms that bar 1 is indeed stopping volume/mini climatic action (strength)

Bar 6 - volume spikes, breaks supply line to close back under, but what does the bar actually achieve? with all that volume we close level with the previous bar (neither weak or strong) .

If one wanted to trade this bar we cannot forget the background conditions, there is a climatic bar right beneath us (bar 1) which is strength. Bar 6 is hinting that some kind of pullback is possible yet the potential move is only for 2 points.

The rally from the change of behaviour from my perspective is too quick, too strong, the market is uncertain - we break an apex, market shows no follow through, we round over start to fall, then we get some climatic behaviour/stopping volume in a previous area of demand. I need to see the lack of demand.

Hope this helps,

F

 
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  #121 (permalink)
 trendisyourfriend 
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Feibel View Post
I need to see the lack of demand.

Hope this helps,

F

That's was the reason for my question. If you look at volume during the rally up to the supply line, it occured on decreasing volume (lack of demand) also clear on your tick chart. In the heat of the moment, specially after identifying a change of behavior and the distance to the 1st swing low as potential target (more than 2 pts) or even more if you consider a potential 1:1 projection (measured move) i don't quite understand why you think it was not a good invitation to short? I must be missing something. Thanks for your previous reply.

Here is how i viewed it using volume profile...

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  #122 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

@trendisyourfriend
Background conditions, climatic behaviour in a previous area of demand is too much strength from my perspective, all the proceeding price action is too close for comfort. This method is discretionary - well experienced Wyckoff traders tend to trade springs in many different ways and that's one bar. Weakness in my minds eye; are small narrow spreads, closing mid bar, volume decreasing, choppy price bar overlap etc. I don't see this. If the change of behaviour wave breaks through the apex decisively we have additional signs of major weakness, but this area holds with climatic behaviour and weak selling, I need more data. If you see a trade excellent.

Thanks for sharing,

F

 
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  #123 (permalink)
 butch1130 
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Different market, same concept.
How would you read this volume that is back up into the Apex?

Thanks for sharing your write-ups.


Dave

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  #124 (permalink)
NCIS
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@butch1130

I found the weakness in the background and the two hints

1) Effort with little Result
It took 23 Bars to recover from the 4bars' damage

2) the confluence——UT& VWAP ? &TL




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  #125 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

@butch1130

You are more than welcome, thank you for the kind words.

Please find PDF attached, I hope this gives some clarity

F

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-oil140817.pdf  
 
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  #126 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Shortening of the thrust
Change of Behaviour
Upthrust (untradeable)
Upside shakeout
Hidden selling
Effort Vs. Result
New momentum low (setup) Incorporating many Wyckoff principles

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es160817-1.pdf  
 
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  #127 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Wyckoff Classic setup (rally back to ice) x 2
Waves
Effort vs. Result
No demand

and a Price Action setup

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es170817-1.pdf  
 
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  #128 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play into today's action:

Wyckoff Analysis - Compare and contrast
Climatic bar
Waves
Change of behaviour
Classic momentum setup (pullback in a uptrend, using structure)
No demand in a previous area of supply setup

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es180817-1.pdf  
 
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  #129 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at plat in today's action:

Spring
VSA no supply test (setup)
Change of Behaviour (or is it.....)
Climatic bars
Effort vs. Result
Waves

and a price action aberration (sets a contrarian tone)

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es210817-1.pdf  
 
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  #130 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Spring
Trend channel
Momentum setup (weak pullback, excellent structure)
Waves
Golden volume/price relationship for Wyckoff/VSA

and a 3 bar inside configuration setup (mini apex)

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es220817-1.pdf  
 
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  #131 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Upthrust setup (x 3)
Trending conditions (LH's, LL's)
Waves
Structure (excellent trend channel, entries and exits)
No demand in Wave format

PDF attached (2 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es240817-1.pdf  
 
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  #132 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

VSA No Supply test (setup)
Climatic bars/stopping volume
Subtleties of strength
Spring
Upthrust and no demand (setup)
Hidden Buying (Effort vs. Result)
Absorption

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es250817-1.pdf  
 
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  #133 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Bar by bar Analysis
Spring
No supply test (setup)
Wyckoffian thought process

PDF attached (2 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es290817-1.pdf  
 
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  #134 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Effort vs. Result (waves)
Climatic Bars
Shortening of the Thrust
Momentum set up (weak pullback)
Exhaustive Supply

PDF attached (2 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es300817-1.pdf  
 
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  #135 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play it today's action:

Bar by Bar Analysis
Story of strength
VSA no supply test (setup)
Clustering of closes (Shortening of the Thrust)
Hidden selling (Exit point)
Testing Setup (no supply in a previous area of demand)

and Advanced Wyckoffian concepts

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es010917-1.pdf  
 
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  #136 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Appreciate the many private emails regarding the absence of the Chronicles.

Due to the events that had occurred in America - (Hurricane Irma). Many futures positions had to be liquidated to establish new plays (mainly short plays in Insurance companies based in Florida) and then to re-establish positions within the ETF and Futures markets.
All swing trading positions back in play, hence the return to intraday trading.

Thank you for the support,

F

 
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  #137 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Spring x 2
No supply (set up)
Upthrust (setup)
Effort vs Result (setup)

PDF attached (2 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es120917-1.pdf  
 
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  #138 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Effort vs. Result
Mini Climatic bars (text book)
Upthrust/2 bar top reversal (setup)
VSA no supply test (setup)

and a price action aberration, shakeout bar?

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es130917-1.pdf  
 
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  #139 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Climatic bar
Upthrust (setup)
No demand (setup, excellent background conditions)
Effort vs Result
Spring (setup)

and a powerful 3 bar formation

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es140917-1.pdf  
 
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  #140 (permalink)
 Linds 
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Excellent write up of VSA concepts that I am finding helpful in my own chart reading and trading.
Thanks.
You must have an incredible equity curve!

Visit my futures io Trade Journal
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  #141 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


Linds View Post
Excellent write up of VSA concepts that I am finding helpful in my own chart reading and trading.
Thanks.
You must have an incredible equity curve!

Appreciate the kind words, I am pleased the Chronicles are of use

All the best,

F

 
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  #142 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Effort vs. Result (textbook example, and a setup)
Spring
VSA no supply test (setup)
Waves

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es150917-1.pdf  
 
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  #143 (permalink)
umamaheswaruk
GILBERT+AZ/USA
 
 
Posts: 4 since Aug 2017
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Feibel View Post
Market produced a readable apex, combined with decent trade management provided a fruitful day and an early finish.

PDF attached (2 pages)

Great analysis and thanks for posting

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  #144 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


umamaheswaruk View Post
Great analysis and thanks for posting

You are welcome, appreciate the support and feedback,

Trading an apex can be difficult, if in doubt simply stand aside and conserve capital. The all important bar is the ''springboard bar'' which we have discussed in depth via an edition of the Chronicles

All the best,

F

 
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  #145 (permalink)
 bigoon 
Singapore
 
Experience: Intermediate
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Trading: Emini ES, Emini NQ, Crude CL
 
Posts: 9 since Sep 2017
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Excellent write up of Wyckoff and VSA concepts. It is helpful.

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  #146 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


traderwen View Post
Excellent write up of Wyckoff and VSA concepts. It is helpful.

I sincerely appreciate the support and feedback, I am glad that others find the Chronicles of benefit

All the best,

F

 
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  #147 (permalink)
 ClearLog 
Athens Greece
 
Experience: Beginner
Platform: Sierra Charts
Broker: Transact Futures / Interactive Brokers
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I have start following the thread theese days , thanks for all that info Feibel

Can you please confirm that in your 3500tick chart:
1>You have a new bar forming at session start every day (i think yes) ... (this means that the last bar of previous session might have not filled 3500 trades)
2>You dont reset your zigzag at the start of every day session ( i am sure of it)
3>Your trading session every day start 18:00 New York time and ends at 17:00 New York Time?
4>The calculation for your zig zag is based on closing prices and on fixed % (percentage) or other kind standard tick retracement of the close of previous calculation point? I did see the 0.75 you point in your chart but dont understand exactly.

again thanks for your time appreciate it.

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  #148 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Upthrusts
Testing upthrust (setup)
Effort vs. Result
Classic Wyckoff - Distribution (very important)
Classic Wyckoff - Rally back to Ice (setup)
Overbought and Oversold conditions (trend channels)
Spring (setup)
Climatic bars

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es180917-1.pdf  
 
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  #149 (permalink)
 vimla1918 
New york U.S.
 
Experience: Intermediate
Platform: Trade Station
Trading: ES Stocks
 
Posts: 4 since Dec 2012
Thanks: 137 given, 6 received

Hi Feibel,

I have studied each of your Chronicals from day one. I found it to be most logical method of reading the market.

I must admit, it has helped me in my day trading of ES.Thank you so much.

Please keep up the good work.


Vimla

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  #150 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


vimla1918 View Post
Hi Feibel,

I have studied each of your Chronicals from day one. I found it to be most logical method of reading the market.

I must admit, it has helped me in my day trading of ES.Thank you so much.

Please keep up the good work.


Vimla

Hi Vimla,

Appreciate the support and feedback, I am pleased the Chronicles can contribute in a positive manner towards your own trading. Shortly the Chronicles will include a stock special (for a week or two) - these maybe of use for yourself as you primarily trade stocks. The new editions will include stock selection (using the Wyckoff method) and of course the usual intraday analysis. Hopefully this can provide a deeper analysis, that will open up the markets and in turn shed the light on which instruments/stocks to trade and why....

many thanks,

F

 
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  #151 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

No Demand (setup) (ND in a previous area of supply)
Effort vs Result - Wave (setup)
Climatic Bars?
Stopping Volume
Sign of Strength Bar
Superb Volume reading (histogram)

and a pure Price Action setup

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es200917-1.pdf  
 
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  #152 (permalink)
 Sazon 
Roswell, GA
 
Experience: Advanced
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Hi @Feibel, thanks as always for your insightful analysis. You are my “go to” person for Wyckoff principles. In your latest edition, you wrote:

“Via the 5m chart from entry A, notice the volume subtleties; as we react volume increases, a healthy sign for our shorts, we try rally and price action is capped (unable to make higher prices) spreads narrow and volume declines this is also good for our shorts; these clues help us to hold our trade, it indicates/hints that sellers are in control”

On the surface, it appears that there are two contradictory ideas talked about in Wyckoff analysis. On the one hand, the concept of effort versus result deems a market rising on relative high volume as a barrier to movement and this would be a good thing for shorts as an example. However, on the other hand, a market rising on a lack of volume is also a good thing for shorts. This begs the question: How can both notions be true and desirable? It appears that they would negate each other and render both pointless. I would love to hear your perspective.

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  #153 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


Sazon View Post
Hi @Feibel, thanks as always for your insightful analysis. You are my “go to” person for Wyckoff principles. In your latest edition, you wrote:

“Via the 5m chart from entry A, notice the volume subtleties; as we react volume increases, a healthy sign for our shorts, we try rally and price action is capped (unable to make higher prices) spreads narrow and volume declines this is also good for our shorts; these clues help us to hold our trade, it indicates/hints that sellers are in control”

On the surface, it appears that there are two contradictory ideas talked about in Wyckoff analysis. On the one hand, the concept of effort versus result deems a market rising on relative high volume as a barrier to movement and this would be a good thing for shorts as an example. However, on the other hand, a market rising on a lack of volume is also a good thing for shorts. This begs the question: How can both notions be true and desirable? It appears that they would negate each other and render both pointless. I would love to hear your perspective.

Thank you for the kind words,

Excellent question:

The most important factor with this method are the background conditions - we do not focus on the right hand side of the chart. It's to the left of the chart that sets the tone for the proceeding price action for potential setups (it gives context to the price action we have before us) Think of a jigsaw puzzle - all the edges have been completed and is roughly 4/5 completed (this would be the background conditions). The right hand side is the final 1/5, (remainder of pieces) we have structure in place and know where to place the final pieces (setups) If we ignore or have no understanding of the background conditions we are randomly placing parts of the jigsaw puzzle with no idea of the overall picture

If we rally to resistance with 3 strong bars, react to support, rally again with 7 bars and upthrust back to support, we have a story of weakness emerging. Demand is tiring or sellers are becoming active, with the addition of a sign of weakness the ''upthrust''. We react to support and try to rally again with 19 bars, yet unable to test the highs, in-turn producing the highest upwave volume - we would interpret this as effort vs result (background is of weakness)

Once sellers have been established and taken control its DEMAND that needs to proves itself, if we continue to react with increasing volume this is indeed a healthy sign for our shorts - indicates that sellers are still active. If we hit support and price halts, rising on very low volume this is excellent for our short positions as demand isn't present. We would expect buying from support, low volume, narrow spread, mid closing bars doesn't equate to buying of good quality, ''by dis-confirming demand we get the confirmation of supply''

In a nutshell we MUST take into consideration the background conditions - If we have a selling climax, followed by a spring and then rally rally on very low volume (which the market often does) this is strength and extremely healthy for our long positions, why? Supply has been eradicated via the major signs of strength in the background, as there is a lack of sellers - there is no upside friction, the buyers can push the market with very little effort

Hope this helps, great question,

F

 
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  #154 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Classic Volume analysis
Effort vs Result
Hidden Upthrust (setup)
Low volume testing (setup) (previous area of demand)

The importance of multiple timeframe analysis

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es220917-1.pdf  
 
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  #155 (permalink)
gizmoisone
Bristol/England
 
 
Posts: 6 since Sep 2017
Thanks: 56 given, 9 received

Hi,
I'm about 2 months in on my futures experience and this thread is excellent and really helping me understand basics of volume in S&P emini.
I've only read about 4 of the 16 pages, so will take me days to read all and longer to understand.

Many thanks Feibel for sharing your time and detailed work

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  #156 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


gizmoisone View Post
Hi,
I'm about 2 months in on my futures experience and this thread is excellent and really helping me understand basics of volume in S&P emini.
I've only read about 4 of the 16 pages, so will take me days to read all and longer to understand.

Many thanks Feibel for sharing your time and detailed work

Appreciate the kind words, support and feedback. I hope the Chronicles can continue to help, bear in mind that the concepts/principles in the Chronicles can be applied to any market in any timeframe (within reason)

All the best,

F

 
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  #157 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Upthrust (setup)
Effort vs. Result
Waves
Rally back to Ice (Classic Wyckoff setup)
Context
Trend Channel structure

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es250917-1.pdf  
 
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  #158 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Confluences (important structural elements)
Change of behaviour (setup) weak pullback, excellent background conditions
Pure Wyckoff analysis (swell in volume)
VSA Classic No demand (setup - picture perfect)
Shortening of the Thrust
Effort vs. Result

Price action aberration and many subtleties

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es270917-1.pdf  
 
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  #159 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

New momentum high (setup)
Structure
Waves
Trend Channels
Back up the Edge of A creek (setup) - Classic Wyckoff
Compare and Contrast (Wyckoff thinking)

PDF attached (2 pages)

(Back to daily Editions of the Chronicles)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es031017-1.pdf  
 
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  #160 (permalink)
 bigoon 
Singapore
 
Experience: Intermediate
Platform: TradeStation
Trading: Emini ES, Emini NQ, Crude CL
 
Posts: 9 since Sep 2017
Thanks: 21 given, 5 received

Hi Feibel,

I have gone through your S&P Chronicles for some time and it helps me to understand the market.

Refer to your 03/10/2017 S&P Chronicle,

1)You draw a Demand Zone in the Daily chart. How do you get the prices(size) for the Demand Zone?

2)On the 3500 Tick ES chart, there are three pullback (red opaque highlight) after we get a New momentum high. Why you did not make a buy trade on the first or second pullback?

3)How do you define a weak complex pullback and simple pullback? Please give an example.

Thanks in advance. Happy Trading.

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  #161 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


bigoon View Post
Hi Feibel,

I have gone through your S&P Chronicles for some time and it helps me to understand the market.

Refer to your 03/10/2017 S&P Chronicle,

1)You draw a Demand Zone in the Daily chart. How do you get the prices(size) for the Demand Zone?

2)On the 3500 Tick ES chart, there are three pullback (red opaque highlight) after we get a New momentum high. Why you did not make a buy trade on the first or second pullback?

3)How do you define a weak complex pullback and simple pullback? Please give an example.

Thanks in advance. Happy Trading.

Appreciate the kind words and support,

1) - Via the swing high and closes, (when close together it provides a ''zone'')

2) - The first pullback is near the US open, I am not keen on taking trades within the first 30 minutes of trading (you may have noticed this within the Chronicles) However, the bounce we get off support is strong and a valid trade, a tad aggressive.......

The second pullback spreads increase, with the reversal at support being not as strong as we had previously seen, although is another valid entry (If I recall correctly the 5m chart emphasised the strength of selling)

This method is discretionary and dependent on ones psychological make up, chart reading ability, experience, account size etc entries and exits will always be different. Even with fellow experienced Wyckoffian traders, a simple spring setup often results in 4, 5 different entry locations

3) Its a complicated subject, one that I shall cover in forth coming editions of the Chronicles.

In a nutshell, simple pullbacks do not retrace deep into the previous swing/leg; roughly the 75-80% level and always hold key support areas. Complex pullbacks retrace deeper and can often penetrate support levels to induce bear traps etc. Price action can be sloppy and appear whacky at times.

Great questions,

F

 
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  #162 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Absorption
3 x VSA No supply tests (setup)
Effort vs. Result (a reversal of usual application)
Climatic Bars
Trend Channels
Structure
No demand?

and a mini scalp

PDF attached (2 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es041017-1.pdf  
 
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  #163 (permalink)
 sudhirc 
detroit,mi
 
Experience: Beginner
Platform: NT
Trading: NQ
 
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Posts: 412 since Sep 2011
Thanks: 1,702 given, 458 received

@Feibel

trend channels -- yes, they are beautiful.
Appreciate if you can leave them for the next few chronicles if you don't mind.

sudhir

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  #164 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play it today's action:

Effort vs. Result?
Trend Channels (overbought and oversold conditions) & reverse use?
Structure
Trend (setup x2)
No supply

PDF attached (2 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es051017-1.pdf  
 
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  #165 (permalink)
 bigoon 
Singapore
 
Experience: Intermediate
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Nice reverse use of trend channel. Thanks for sharing.

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  #166 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


bigoon View Post
Nice reverse use of trend channel. Thanks for sharing.

You are more than welcome.

The experienced Wyckoffians would recognise that a reverse use of trend line, is when we place the supply line first in an uptrend (due to it being a better fit) and then the parallel (demand line) Standard use is when we place the demand line first in an uptrend. Going forward we shall name the actual use of a reverse trend line as ''flipside'' to avoid confusion

All the best,

F

 
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  #167 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Importance of Structure
Trend Channels
Classic Wyckoff - Accumulation (setup)
Absorption
Change of Behaviour (setup)
Relative and Comparative analysis (Wyckoff thinking)
Multiple time frames
No supply
No demand

A very important edition of the Chronicles, many Wyckoff concepts

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es061017-1.pdf  
 
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  #168 (permalink)
 jackbravo 
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: NQ....that's what it boils down to
 
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Appreciate you doing these lessons. I've been looking at them, and have started watching more videos about the method.
Particularly, it helps to see how you wait for the story to unfold, rather than jumping in at the first sign of strength or weakness, like I do.
So do you not usually trade the open?

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #169 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Multiple Time Frames
Overbought and oversold Conditions
Trend Channels
Effort vs. Result
Change of Behaviour (waves)
Confluences
Ease of Movement
Axis line (important structural element)
Comparative and Relative Analysis (Classic Wyckoff)

PDF attached (2 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es091017-1.pdf  
 
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  #170 (permalink)
gizmoisone
Bristol/England
 
 
Posts: 6 since Sep 2017
Thanks: 56 given, 9 received

Thanks Feibel excellent detail as usual

Effort vs. Result - hopefully the light bulb has just been switched on for me?

Comparable:
Smaller volume with bigger gain/loss (spread?) - less resistance - mainly buyers or sellers having their way
Larger Volume with less gain/loss (spread?) - more resistance (battle between sellers/buyers) and support/resistance become bigger speed bumps or brick walls

And those in close secession add to the story of strength/weakness?

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  #171 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Upthrust
VSA No demand (setup) Perfect Example
Climatic Bars
Spring (setup)
Testing in a previous area of demand
Overbought and oversold conditions

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es101017-1.pdf  
 
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  #172 (permalink)
 bigoon 
Singapore
 
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Hi Feibel,

Thanks for the great note at the end of 10/10/2017 S&P Chronicle. I did look for another leg down after we had a down wave followed by a weak rally (price overlapped).

I found you use different type of chart inside the S&P Chronicles. For example, on 09/10/2017 S&P Chronicle, you use Daily, 60minutes and 3500 Tick chart. However on 10/10/2017 S&P Chronicle, you use Daily, 15minutes and 5minutes chart.

1) During the market unfold, do you watch 60M, 15M, 5M and 3500T chart together? Or under certain day, you just watch 60M with 3500T charts and other day you just watch 15M with 5M charts. Or any other combination?

2) What data you try to obtain from these individual charts(60M, 15M, 5M, 3500T) ?

3) You put your entry and exit trade based on 5M chart or 3500T chart?

Thanks in advance. Happy Trading.

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  #173 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Appreciate the feedback and support:

1 - Yes, all time frames are monitored, a mere personal preference. However, try to make time frames that you use at least 3 or 4 times larger, for example 6000 Tick, 18000 Tick, 54000 Tick or 2m, 6m, 18m, 1hr, 4hr etc

2 - Higher time frames provide the general direction, they all give a different flavour to price action

3 - Either or both, in general the tick chart provides better structure. If the market is extremely volatile, I will only use the tick chart as we have more data (subtleties to work with). If new to the method I would highly recommend to sticking with one chart either the 3500 tick or the 5m chart.

Hope this helps,

F

 
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  #174 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Effort vs. Result
Weak Pullback (setup)
No supply
Price action aberration
Top reversal
Waves
Classic Wyckoff - Rally Back to Ice (setup)
Comparative analysis

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es121017-1.pdf  
 
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  #175 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Accumulation (Buying zone)
Multiple Time Frame Analysis
VSA No Demand (setup) - Good background conditions
Price action aberration?
Spring (setup)
Trend Channels
Waves
Compare and contrast (Wyckoff thinking)
Volume off the Bottom (Wyckoff element)

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es161017-1.pdf  
 
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  #176 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Waves
Testing
No supply
VSA No supply (setup x 2)
Bottom Reversal (setup) Perfect conditions, at support
Classic Volume behaviour

and a little on the ''Nature of the Markets''

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es181017-1.pdf  
 
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  #177 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Major Price Action Aberration
Multiple Time Frame Analysis (setup) VSA Test - no supply
Compare and Contrast
Bottom Reversal/Spring (setup)
Market Behaviour
Waves
Effort vs. Result

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es191017-1.pdf  
 
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  #178 (permalink)
 jackbravo 
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: NQ....that's what it boils down to
 
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Posts: 1,339 since Jun 2014
Thanks: 4,346 given, 2,389 received

Thanks for great write-up!

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #179 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

VSA no supply (setup)
Trend Channels
Price Action behaviour
Advanced Volume analysis
Shakeout

and a long legged doji....

PDF attached (2 pages)

Yesterdays Chronicle has also been uploaded. Please check above

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es201017-1.pdf  
 
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  #180 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Change of Behaviour (setup)
Waves
Multiple Time Frames
Effort vs. Result
Market Structure

PDF Attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es231017-1.pdf  
 
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  #181 (permalink)
gizmoisone
Bristol/England
 
 
Posts: 6 since Sep 2017
Thanks: 56 given, 9 received

Another well detailed read thanks

My 2nd demo account is about to expire so will have to go live soon
It seems the more I learn the harder it gets
Hopefully these concepts will help for the bumpy ride ahead


I'm in a forex group (whatsapp) which does pretty good discussions on potential trades and I use Trading View.
Other than this thread, can anyone recomend similar for futures (ES)?

best wishes
g.

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  #182 (permalink)
 Devil Man 
Legendary Capt. Johnny Jameson
Fort Lauderdale
 
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gizmoisone View Post
Another well detailed read thanks

My 2nd demo account is about to expire so will have to go live soon
It seems the more I learn the harder it gets
Hopefully these concepts will help for the bumpy ride ahead


I'm in a forex group (whatsapp) which does pretty good discussions on potential trades and I use Trading View.
Other than this thread, can anyone recomend similar for futures (ES)?

best wishes
g.

read this starting with the first post by tigertrader. He doesn't post much here anymore but there is an education to be had if you're willing to devote the time to read.

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  #183 (permalink)
 michaelleemoore 
Market Wizard
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gizmoisone View Post
Another well detailed read thanks

My 2nd demo account is about to expire so will have to go live soon
It seems the more I learn the harder it gets
Hopefully these concepts will help for the bumpy ride ahead


I'm in a forex group (whatsapp) which does pretty good discussions on potential trades and I use Trading View.
Other than this thread, can anyone recomend similar for futures (ES)?

best wishes
g.

lots of good info here, as well:

Follow me on Twitter Visit my futures io Trade Journal
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  #184 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

The PDF contains the answers to some of the most popular questions asked:

Hope this helps,

F

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-oct17q-.pdf  
 
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  #185 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA at play in today's action:

Trend Channel Behaviour (major insights)
Effort vs. Result
VSA no demand setup (perfect background conditions)
Classic Wyckoff - Rally back to Ice (setup)
Volume Reading
Unusual Price Action
Multiple Time Frames

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es251017-1.pdf  
 
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  #186 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Upthrust (setup) excellent example
No demand test (setup)
Bottom reversals
Cluster of Closes

and V - Spike Reversals

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es261017-1.pdf  
 
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  #187 (permalink)
gizmoisone
Bristol/England
 
 
Posts: 6 since Sep 2017
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In chronicles for 26/10 ES you wrote "especially V-Spike as it is incredibly hard to trade"
How right you are. Day 2 of my live account expedidition and doing well, until the "V"
I completely misread "D" for a weak pullback for next leg down, it was not a weak pullback! and "D" + next bar handed me some valuable trading experience (one I'm sure all good traders have had)

Thanks for the PDF, have printed for extended study.
happy trading

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  #188 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017


gizmoisone View Post
In chronicles for 26/10 ES you wrote "especially V-Spike as it is incredibly hard to trade"
How right you are. Day 2 of my live account expedidition and doing well, until the "V"
I completely misread "D" for a weak pullback for next leg down, it was not a weak pullback! and "D" + next bar handed me some valuable trading experience (one I'm sure all good traders have had)

Thanks for the PDF, have printed for extended study.
happy trading

Thank you for the kind comments:

There is one piece of critical information why bar D is NOT a potential trade. Structure; there was a major potential DAILY support area literally a couple of points underneath (the low of bar B in yesterdays Chronicle) This area sticks out like a sore thumb, in addition a few points under there was also another daily support area. Please be careful and make sure that you aware of higher timeframe structural areas, mark them on your smaller timeframe chart before the market opens. Higher timeframe support will nearly (but not always) give a 3 to 5 point bounce, bear this in mind
It is also very wise to never short directly into support or take long positions into resistance. Unless you have an extremely good read. Good luck, glad to hear its going well

Hope this helps,

F

 
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  #189 (permalink)
 jackbravo 
SF, CA/USA
 
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Thank you very much for this week's analysis. The recovery on Wednesday was difficult to deal with, as I kept expecting another test or continuation. I wasn't sure at the end of the day if that was sufficient buying to be considered a reversal. But it seems like with today's activity and new ATHs, that it was the case.
The market is fascinating. Have a nice weekend!

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #190 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Absorption (to be or not to be?)
Classic Wyckoff (BUEC Setup)
Multiple Time Frames
Waves
Comparison Analysis
Importance of Structure - Trend Channels

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es271017-1.pdf  
 
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  #191 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Apex
Springboard Bar
Sign of Strength
Trend Channels (flip reverse use)
Waves
Multiple Time Frame Analysis (setup)
Upthrusts (5m & 15m)
Effort vs. Result
Confluence

and a price action aberration

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es301017-1.pdf  
 
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  #192 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Effort vs. Result
Buying Zones (Accumulation)
2 bar reversals
Market Structure (setup)
Test (setup)
Overbought and Oversold conditions
Shakeout?

PDF attached (2 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es061117-1.pdf  
 
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  #193 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Multiple Time Frames
Trend Channels
VSA no demand (setup)
Effort vs. Result (waves and bars)
Market Structure
Bar by Bar Analysis

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es071117-1.pdf  
 
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  #194 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Waves
No demand (setups x 2)
No supply (setup)
Shortening of the Thrust
Multiple Time Frame analysis (setup)
Bar by Bar Analysis
Overbought and oversold conditions
Structure confluence
V-Spike reversal

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es091117-1.pdf  
 
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  #195 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Effort vs, Result (trigger for a setup)
Bullish Change of Behaviour
Wyckoff thinking ''Comparative and relative analysis''
Parabolic Conditions
Waves
Overbought and Oversold Conditions
Multiple Time Frames (think)
No demand Waves (setup)
Trend Channels (adjustments)
No supply (setup) after a new momentum high

PDF Attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es141117-1.pdf  
 
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  #196 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Shortening of the Thrust
Trend Channels (subtle behaviours)
No supply (waves)
Change of Behaviour (setup)
Triple Structural Confluence (rare)
Waves
VSA No Supply (setup x 2)
Volume Characteristics

A lovely edition of the Chronicles that highlights in depth, very decent setups with more or less perfect background conditions (text book)

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es151117-1.pdf  
 
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  #197 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Multiple Time Frames
Shortening of the Thrust
Wyckoff thinking process
No supply (setup)
Shortening of the Thrust
Trend Channel
Bag Holding
Effort vs Result

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es161117-1.pdf  
 
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  #198 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Waves
New Momentum High (setup x 2)
Effort vs. Result (positive or negative?)
Shortening of the Thrust
No supply
Test Bar

PDF attached (2 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es211117-1.pdf  
 
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  #199 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

Wyckoff and VSA principles at play in today's action:

Effort vs Result (waves and bars)
Various testing
Waves
VSA No demand (setup)
VSA No supply (setup)
Structure

Risk reward?

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es271117-1.pdf  
 
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  #200 (permalink)
gizmoisone
Bristol/England
 
 
Posts: 6 since Sep 2017
Thanks: 56 given, 9 received

I drew the channels a few days back, nice to see it test the lower (15Nov) and then the upper (29Nov)
Wish I had bought some of those 80 odd points!


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