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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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  #301 (permalink)
 idolum 
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TheTradeSlinger View Post
Below you will find a chart depicting my trades from today, green is where I bought and red is where I sold. Please keep in mind though that these are "optimized versions" of my trades. Please ignore the super secret indicator below, but feel free to contact me privately for more information.

(Can you guys truly not see this exactly what @Feibel is doing?)

I think you are underestimating the intelligence of your fellow community members.

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  #302 (permalink)
 Feibel 
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Please find attached a PDF in response to a large influx of emails.

All the best,

F

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  #303 (permalink)
 Rrrracer 
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@TheTradeSlinger; I don't know you, nor where you've been for the last nine months to have just now taken notice of this thread, and I'm not going to get into it with you even though you called me out. You've notified the powers that be, and they will be the ones to make the decision. Over and out.

-----------

I'm on record to say I see no ulterior motive by the OP, just a guy who has been very generous in sharing his time and knowledge. So what if he doesn't share his actual trades; there's lots of people here who have a journal that don't, and lots of people here that have Twitter accounts, trading blogs, what have you. IMO, there's definitely great content in the Chronicles if you are of Wyckoff/VSA school of thought.

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  #304 (permalink)
 TheTradeSlinger 
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@Big Mike, will you continue to allow this person to advertise on your forum?

@Rrrracer: "I'm on record to say I see no ulterior motive by the OP, just a guy who has been very generous in sharing his time and knowledge."

From @Feibel 's latest pdf:


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  #305 (permalink)
 sudhirc 
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The market is full of snake oil salesman and hence i don't see why you should not read between the lines, be cautious and warn other. - thank you for doing that. and now cool down dude :-)

But in this case, the guy never said he is going to sell and in fact he said that he will abide by any rules or regulations set in here.

As of now i really enjoy his journal as his articulation of Wyckoff method is really good and it sure did help me cement some of wyckoff material and i should be thankful for him.

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  #306 (permalink)
 calafrius 
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I have been visiting this thread since the beginning and this is the first time I write here. I do not follow the same set up as Feibel but I love the way he writes and how disciplined he is with his journal and responding to people. I think he should continue to do this because it contributes to the majority of the community.

I believe most of us here know what is good for each one.

Best

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  #307 (permalink)
 bobwest 
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If anyone has a problem with a post, or an entire thread of course, they can click on the exclamation point ("!") icon in the upper right corner of the post, type in a message to the moderators, and send it off.

This guarantees it will be seen and evaluated.

Either @Big Mike or @sam028 will look at whatever you have written and will decide what they should do, if anything. If they don't respond, it is because they didn't think anything needed to be done. In my experience, they will look at the whole picture before acting.

This keeps arguments from spilling out into the public forum with back-and-forth replies which escalate too quickly (and become shouting matches and accusations....)

Just a suggestion, on the side of civility.

Bob.

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  #308 (permalink)
 Olgrim 
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calafrius View Post
I have been visiting this thread since the beginning and this is the first time I write here. I do not follow the same set up as Feibel but I love the way he writes and how disciplined he is with his journal and responding to people. I think he should continue to do this because it contributes to the majority of the community.

I believe most of us here know what is good for each one.

Best

Well expressed. Feibel's Educational Narratives are great. These principles are based on methology well described in many books. David Weise book is one of them. Actually there are a lot of people in their books reference the same concept. "Order Flow" trading by Peter Davies has a lot of similarity. Who smart they would understand this is the same thing but in different time frame.

Everybody is trying to protect... watch somethbody, be in control. Just stop this nonsense. I am what you would call a beginner. I have many years of experience in other field. Trading technics can not be copied. Agree wilh FuturesTrader71 on his webinars here. Actually he is the one who is best "guru" in Wyckoff's concepts of trading.

Feibel's explanations of vsa concepts in real situations are very valuable. It is Not to copy but to use in your own development as a trader

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  #309 (permalink)
 ratfink 
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What the market is or, often more importantly, was trying to do is a major part of any trading methodology; in this respect I am grateful to @Feibel for the clearest practical illustrations of VSA/Wyckoff techniques I have seen. This is one of the few areas where hindsight trading is a valuable instruction, quite separate from any trade execution planning or requirements.

Critical questions are always good but in this case I greatly appreciate the OP's contributions, and not naively either.

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  #310 (permalink)
 Feibel 
Surrey, UK
 
 
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Wyckoff and VSA principles at play in today's action:

Effort vs. Result
Structure
Climatic Bars
Upthrust
Classic Wyckoff: Rally to Ice - Setup
No demand (setup)
Classic Trend trading (setup)

PDF attached (3 pages)

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

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

Effort vs. Result
Comparative Analysis
Upthrust (setup)
No Demand (setup)
Important price behaviour - Swell in volume

PDF attached (2 pages)

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The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es230318-1.pdf  
 
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  #312 (permalink)
 Olgrim 
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We must love the development by the end of the session on Fri. The real tip Market gave the second time. It was a big one. We will stay with bears for some time.

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  #313 (permalink)
 ProLeagueTrading 
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Hi Feibel,

Some time back you mentioned, you will often pass on setups where the stop is greater than 3pts when trading off the 5min chart. I'm curious with the added volatility of late, have you reconsidered that rule of thumb. Are you taking wider stops now, or are you still insisting on 3pts max for your stops?

Thanks,
Nagib

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  #314 (permalink)
 TheTradeSlinger 
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ProLeagueTrading View Post
Hi Feibel,

Some time back you mentioned, you will often pass on setups where the stop is greater than 3pts when trading off the 5min chart. I'm curious with the added volatility of late, have you reconsidered that rule of thumb. Are you taking wider stops now, or are you still insisting on 3pts max for your stops?

Thanks,
Nagib

If he’s literally making it all up, does it matter?

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  #315 (permalink)
 Olgrim 
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TheTradeSlinger View Post
If he’s literally making it all up, does it matter?

For me and I hope for everybody here what important is description and clever application of VSA strategy. That is all. We do not care about Feibel's actual entries and exits, stop/loss as well as his profit and loss. This is just 2d, or 3d view on how to see the market. After reading Weis I understand Feibel's descriptions more. However I would pay to see Feibel's demonstration.of real trading.

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  #316 (permalink)
 Grantx 
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TheTradeSlinger View Post
If he’s literally making it all up, does it matter?

I really did have a good laugh when I saw your post, you have a love/hate relationship with this thread, it irritates you so much but you keep coming back
Relentless and persistence - good traits to have as a trader

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  #317 (permalink)
 Feibel 
Surrey, UK
 
 
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Excellent question:

Of course this is completely contextual and dependent on many factors (background conditions, structure, whether one thinks in risk/reward terms etc)

Volatility is a traders best friend as the market offers more opportunities, however as the market moves fast and spreads increase, it can be more difficult and tends to unnerve the best of traders. Adaptability is a skill that traders must develop, especially with our methodology as we read each bar as the market unfolds.

Trading of late hasn't discouraged any trades to think of, if one finds that stops are out of their comfort zone, it's wise to reduce contract size. If your normal clip size is 50, reduce it to 20 or 30, alternatively trading the ETF SPY is a good vehicle

The Chronicles have been reduced of late, due to the arrival of the newborn. Hopefully to return as normal after the Easter holiday.

Enjoy the time off one and all,

F

 
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  #318 (permalink)
 TheTradeSlinger 
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Grantx View Post
I really did have a good laugh when I saw your post, you have a love/hate relationship with this thread, it irritates you so much but you keep coming back
Relentless and persistence - good traits to have as a trader

I’ve been here on BMT for so long and have seen threads like this over and over and just don’t want community members to get scammed.

“If your normal clip size is 50....”

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  #319 (permalink)
 Linds 
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Yes it is amazing.
No losing days, no losing trades. Huge point halls nearly every day.
If I had expectancy like that ..well...wow.
It is unbelievable - literally.
So given that it is not believable that anyone can trade this well - what is this thread?
An exercise in hindsight Wycoffian VSA.
Certainly quite well written fwiw.

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  #320 (permalink)
 Rrrracer 
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@Feibel, congratulations on the new addition to your family.

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  #321 (permalink)
 Grantx 
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@Linds you're a little late to the lynching. That was like 2 weeks ago. @TheTradeSlinger has been there, done that, got the t-shirt. The consensus is that people want feibel to keep posting because of the clear concise manner he discusses vsa principles.

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  #322 (permalink)
 bobwest 
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Grantx View Post
The consensus is that people want feibel to keep posting because of the clear concise manner he discusses vsa principles.

I don't want to touch any of the issues here, and certainly not to be pro or con, except to say this much:

1. This is clearly completely hindsight analysis. There can be value in that, and you also should never confuse it with a trade journal, or believe that anything marked on charts in hindsight represents anything that can be done in real life. No matter what the methodology, application will never be perfect, and any method can be made to look good while looking backwards.

2. I do not see where the claim has been made that this is any kind of realistic account of trading. There have been people who have come to this forum over time and who have made such a claim, and they have been, properly, challenged and sometimes thrown off. I haven't been following the thread closely, but I haven't seen it made explicitly. (Yes, the offhand comment about what to do if your normal trade is 50 did make me laugh. The only trading here is sim trading, if that.)

The same can be said of people who write books. Do any of them trade? No way to tell. But they can be (sometimes) helpful.

The people who come here for VSA seem to like it, and many of them do have real journals and do trade, sim or live, and seem to have gotten something from it. So, unless @Big Mike or @sam028 object, I suggest a live-and-let-live philosophy.

I honestly don't know if there is anything to VSA -- there certainly might be, or it may be just another of those things that just look good in hindsight -- but if someone wants to expound on it, and if he isn't trying to sell something, I personally don't see a problem with him doing it.

Bob.

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  #323 (permalink)
 Feibel 
Surrey, UK
 
 
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Wyckoff and VSA principles at play in today's action:

Effort vs. Result
No supply (setup)
Trend Trading (setups x 2- weak pullbacks in an uptrend)
Reverse use of Trend Line
Structure
Overbought and Oversold conditions
Testing Action

PDF attached (3 pages)

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The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es040418-1.pdf  
 
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  #324 (permalink)
 Olgrim 
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i think Feibel's market analytical narratives are not just hindsight review. We all understand that this is hindsight analysis.
The most important thing is that he is trying to answer WHY he took a trade. He explains to us using what thinking process should be behind the IDEAL Wyckoff's/ VSA method. It is not real, but theoretical or ideal process, process that we have to work to achieve, end goal. It actually I think almost impossible to do in real trading. Traiding is too fast on ES especially. His work is not like your guys daily trading diaries, where you analyse your mistakes. No. He shows how ideally one should think and trade based this method. It is all together Amalgamation. There are no indicators that are perfect. I use diversions. A lot of times it works, but sometimes it does not. Frankly i start realising that these indicators are just huge delusion and distraction.

All in all, I encourage @Feibel to start his own journal here on elite section. I think it would be quite a big hit. If not, please keep posting. I suspect these reviews help you in your trading. And for sure it is great material for most of us. I will read Weise's book second time after this Friday's maket action. It is mind-blowing volatility, isn't it? Stops/targets, any theory and skills/results in simulation - nothing will work, nothing is easy to execute in real traiding, unless you willing to go through big loses.

Thank you.

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  #325 (permalink)
 Linds 
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Grantx View Post
@Linds you're a little late to the lynching. That was like 2 weeks ago. @TheTradeSlinger has been there, done that, got the t-shirt. The consensus is that people want feibel to keep posting because of the clear concise manner he discusses vsa principles.

That is fine.
But it is clearly presented as a record of his trading.
There is profound level of dishonesty and questionable intent in that, unless I have missed a statement from F to the contrary.
If so - then I apologise and would be happy to be directed to it.

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  #326 (permalink)
 Feibel 
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Thank you Olgrim, for the most part you have nailed more or less the intent of the Chronicles, the thinking process behind the trade setups, set within the realms of Wyckoff, VSA and Price Action (along with many of my own insights) that highlight the core principles/concepts.

Right from the get go (post #1) it states ‘’ I wanted a thread that gives an insight into one man’s process’’. The trading found within Chronicles is my process and is how I trade. It is not impossible to trade in this manner, as I trade in this way on the ES and other instruments virtually every day.

Trading is an usual profession as it is performance related, every day we enter the arena, every day we stand up to the plate ready to swing, we have to be at our best; our peak, day in day out, and this is incredibly hard to maintain. Even professional athletes do not endure the mental toughness and preparation that us; as traders must undergo. Although similar to athletes, we have a tool at our disposal, and that is practice; traders/athletes are as only good as their practice. I practice for 2 hrs more or less every day before the market opens; it keeps my chart reading ability sharp. At weekends if there are any weaknesses that have been highlighted during the previous week’s trading, I will enforce measures/steps to ensure this weakness is turned into a strength, usually implemented into the practice before the market opens, this process will continue until I feel satisfied and seen progression within the live environment. At this stage of my trading career, I do not need to practice concepts/principles, as these have been firmly cemented into muscle memory (jump out clear as day)

In the early days for example, practice would consist of studying the market bar by bar for major bottoms/turns in the market that are formed out of climatic conditions, becoming way oversold in a downtrend channel (dependent of timeframe) or perhaps studying the first pullback bar by bar after a new momentum high/low, I would repeat this process literally 100’s of times until I can trade the setup comfortably. Although the market produces a slight variation/different flavour of a principle, there really aren’t that many variations. From a personal perspective I used to relish failed trades, as it would highlight a potential weakness; turning the weakness into strength comes growth, I believe this mindset has helped my personal development as a trader.

Understanding that trading is highly psychological and can often lead to the ‘’monkey mind’’ I found a mental practice that has helped my trading second to none – and this comes in the form of meditation, to be specific I am student of an ancient Buddhist technique ‘’Vipassana’’. It’s a form of insight meditation that vastly improves concentration and clarity of the mind. The direct translation of Vipassana is ‘’to see things as they really are’’. I have meditated for countless hours and frequented many 10 day retreats. Considering the amount of practice and time I have put into working on my craft as a trader, is it really inconceivable that I am able to read and interpret a 5m bar live as it unfolds? During my early years, once I became proficient in understanding the concepts/principles along with the setups and conditions in how they come to pass, I used to practice and then began to trade via a 30 second chart for a few weeks, before moving onto a 1, 2 and 3 minute chart. The 5m chart has been used as my main vehicle for a few years as it has less noise, although from time to time I still practice on a 30 second chart to keep my chart reading skills very nimble. Traders are as only as good as their practice, and I must emphasize one must not go through the motions, it must be challenging, we have to be on the cutting edge of our ability to induce growth.

Of course these actions may appear extreme, nonetheless this is my reality, and I am firm believer in the quality of practice, in both the mind and the charts. This is my profession, I have stated that it is of the upmost importance to be become the best version of yourself; and this is how my practice has been constructed, to extract my potential, to keep on growing. As humans I believe that every person has unlimited potential, and when you gain confidence in your ability (belief) you tap more into your potential, this leads to taking more action (practice) as you take more action, you get better results (live environment) better results creates more belief, and so the process continues. The real question remains; how do you, spend your time? Only you, know the amount of effort and time, you put into becoming the best version of yourself.

It was never my intention to share so much of my personal journey with others, yet due to the influx of emails, I felt it was necessary to unravel a few personal processes, although it’s very humbling to have had such support, thank you very much. The Chronicles will return this week, for those who find the Chronicles of interest. From here on now I would like to solely focus on producing content that will hopefully help others

All the best,

F

 
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  #327 (permalink)
umamaheswaruk
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Hi Feibel,

Thank you very much for sharing your personal journey and glad to hear that meditation has helped you to become the trader you want. Your chronicles always inspire me and the details you put, i believe its possible to do trading the way you describe, and I would say your chronicles added clarity to my trading and my view of the markets. Thanks and Keep going...

Thanks
Uma


Feibel View Post
Thank you Olgrim, for the most part you have nailed more or less the intent of the Chronicles, the thinking process behind the trade setups, set within the realms of Wyckoff, VSA and Price Action (along with many of my own insights) that highlight the core principles/concepts.

Right from the get go (post #1) it states ‘’ I wanted a thread that gives an insight into one man’s process’’. The trading found within Chronicles is my process and is how I trade. It is not impossible to trade in this manner, as I trade in this way on the ES and other instruments virtually every day.

Trading is an usual profession as it is performance related, every day we enter the arena, every day we stand up to the plate ready to swing, we have to be at our best; our peak, day in day out, and this is incredibly hard to maintain. Even professional athletes do not endure the mental toughness and preparation that us; as traders must undergo. Although similar to athletes, we have a tool at our disposal, and that is practice; traders/athletes are as only good as their practice. I practice for 2 hrs more or less every day before the market opens; it keeps my chart reading ability sharp. At weekends if there are any weaknesses that have been highlighted during the previous week’s trading, I will enforce measures/steps to ensure this weakness is turned into a strength, usually implemented into the practice before the market opens, this process will continue until I feel satisfied and seen progression within the live environment. At this stage of my trading career, I do not need to practice concepts/principles, as these have been firmly cemented into muscle memory (jump out clear as day)

In the early days for example, practice would consist of studying the market bar by bar for major bottoms/turns in the market that are formed out of climatic conditions, becoming way oversold in a downtrend channel (dependent of timeframe) or perhaps studying the first pullback bar by bar after a new momentum high/low, I would repeat this process literally 100’s of times until I can trade the setup comfortably. Although the market produces a slight variation/different flavour of a principle, there really aren’t that many variations. From a personal perspective I used to relish failed trades, as it would highlight a potential weakness; turning the weakness into strength comes growth, I believe this mindset has helped my personal development as a trader.

Understanding that trading is highly psychological and can often lead to the ‘’monkey mind’’ I found a mental practice that has helped my trading second to none – and this comes in the form of meditation, to be specific I am student of an ancient Buddhist technique ‘’Vipassana’’. It’s a form of insight meditation that vastly improves concentration and clarity of the mind. The direct translation of Vipassana is ‘’to see things as they really are’’. I have meditated for countless hours and frequented many 10 day retreats. Considering the amount of practice and time I have put into working on my craft as a trader, is it really inconceivable that I am able to read and interpret a 5m bar live as it unfolds? During my early years, once I became proficient in understanding the concepts/principles along with the setups and conditions in how they come to pass, I used to practice and then began to trade via a 30 second chart for a few weeks, before moving onto a 1, 2 and 3 minute chart. The 5m chart has been used as my main vehicle for a few years as it has less noise, although from time to time I still practice on a 30 second chart to keep my chart reading skills very nimble. Traders are as only as good as their practice, and I must emphasize one must not go through the motions, it must be challenging, we have to be on the cutting edge of our ability to induce growth.

Of course these actions may appear extreme, nonetheless this is my reality, and I am firm believer in the quality of practice, in both the mind and the charts. This is my profession, I have stated that it is of the upmost importance to be become the best version of yourself; and this is how my practice has been constructed, to extract my potential, to keep on growing. As humans I believe that every person has unlimited potential, and when you gain confidence in your ability (belief) you tap more into your potential, this leads to taking more action (practice) as you take more action, you get better results (live environment) better results creates more belief, and so the process continues. The real question remains; how do you, spend your time? Only you, know the amount of effort and time, you put into becoming the best version of yourself.

It was never my intention to share so much of my personal journey with others, yet due to the influx of emails, I felt it was necessary to unravel a few personal processes, although it’s very humbling to have had such support, thank you very much. The Chronicles will return this week, for those who find the Chronicles of interest. From here on now I would like to solely focus on producing content that will hopefully help others

All the best,

F


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 TheTradeSlinger 
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Feibel View Post
Right from the get go (post #1) it states ‘’ I wanted a thread that gives an insight into one man’s process’’. The trading found within Chronicles is my process and is how I trade. It is not impossible to trade in this manner, as I trade in this way on the ES and other instruments virtually every day.

@Feibel, are you saying that the pdf's you have posted reflect your exact trades as described in each pdf?

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  #329 (permalink)
 TheTradeSlinger 
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Feibel View Post
It was never my intention to share so much of my personal journey with others, yet due to the influx of emails, I felt it was necessary to unravel a few personal processes, although it’s very humbling to have had such support, thank you very much.

I'm glad you were able to pimp out your email again with this post as with at the bottom of each of your pdf's in order to sell to unsuspecting new traders.

This whole thread is absolutely ridiculous.

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  #330 (permalink)
 Sazon 
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I'm glad you were able to pimp out your email again with this post as with at the bottom of each of your pdf's in order to sell to unsuspecting new traders.

This whole thread is absolutely ridiculous.

You're the pot calling the kettle black. Thanks for being our long lost savior...now quit trolling, see your way out, and get back to your joke of a thread....Kewltech.

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 rintin2x 
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@TheTradeSlinger maybe it’s a good idea to fund him a 150k combine....i think it’s a win-win situation

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 Rrrracer 
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TheTradeSlinger View Post
I'm glad you were able to pimp out your email again with this post as with at the bottom of each of your pdf's in order to sell to unsuspecting new traders.

Sell what?

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 TheTradeSlinger 
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@TheTradeSlinger maybe it’s a good idea to fund him a 150k combine....i think it’s a win-win situation

I agree @rintin2x, since he trades perfectly without losing trades all the time he would do well.

Actually... wait a minute, I've got an idea!

How about he simply scales up his contracts every trade and trade CME max-position limits until he is a billionaire in three weeks?

I think its time to "call it a day and lock in" this thread before he can prey on traders that believe this made up hindsight 20/20 nonsense course he is selling via his email.

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  #334 (permalink)
 rintin2x 
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I agree @rintin2x, since he trades perfectly without losing trades all the time he would do well.

Actually... wait a minute, I've got an idea!

How about he simply scales up his contracts every trade and trade CME max-position limits until he is a billionaire in three weeks?

I think its time to "call it a day and lock in" this thread before he can prey on traders that believe this made up hindsight 20/20 nonsense course he is selling via his email.

I just feel a bit unproductive to keep hitting a dead tree because as many people already know what this journal actually is, but he does write pretty good even though most of the stuff he writes i have no clue what it is but it’s nice to see different technique. Plus many asking him for more, it’s a losing battle man, just leave the guy alone...just my 2c...this is a wrap for me.

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 Rrrracer 
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TheTradeSlinger View Post
I think its time to "call it a day and lock in" this thread before he can prey on traders that believe this made up hindsight 20/20 nonsense course he is selling via his email.

I'm not here to defend Feibel and really have no dog in this hunt, but if you're going to make accusations like that you'd better provide a link or some proof. Otherwise, this is merely speculation on your part, i.e. guilty until proven innocent.

Has anyone here been propositioned by Feibel, offered anything in exchange for money? Please, if so, speak up...

I'll say it again man, I think your intentions are good and definitely in the spirit of helping FIO filter out the riff-raff. I have no problem with that or with you, but the effort is misguided here IMHO.

And I'll ask again... sell what? If you can't provide proof of your thus-far unsubstantiated accusations, then they are nothing but conjecture. I would ask that you kindly stop derailing this thread, and let the people that get something out of it do just that without all of this nonsense.

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 roadahead 
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TheTradeSlinger View Post
I'm glad you were able to pimp out your email again with this post as with at the bottom of each of your pdf's in order to sell to unsuspecting new traders.

This whole thread is absolutely ridiculous.

I believe in your good intentions of filtering the FIO, but c'mon, selling what exactly?
I suggest you provide some proof, or leave decision whether to read or not to other people. Or comment reasonably to help others what you are pretending to do. Did Feibel cross any boundaries, red lines or whatever?
Are you jealous or what? Guys what are all these emotions about??

Have specifically gone through the very first post here:
"This is my approach to the markets, it may or may not help others; after all one mans junk is another mans treasure."
May OR may not, is it mentioned in some abrakadabra language?

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  #337 (permalink)
 Feibel 
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Wyckoff and VSA principles at play in today's action:

Effort vs Result (few cases)
Upthrust (set up)
Waves
Structure
Confluence
No demand
Context

PDF attached (2 pages)

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The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es190418-1.pdf  
 
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  #338 (permalink)
TacTrader
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TheTradeSlinger View Post
Is anyone paying attention?

Yes, many of us are. We are just not paying attention to you.

If there is nothing for you here - simply move on. There is no one in this forum that needs "saving". I appreciate your effort to be my knight in shining armor - but I assure you that I am doing just fine and that others likely are also.

Good luck in your trading.

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  #339 (permalink)
 supermht 
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no value, if you can analyze how coming Monday goes, that will be great.

after fact analysis is really nothing

 
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 TheTradeSlinger 
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no value, if you can analyze how coming Monday goes, that will be great.

after fact analysis is really nothing

No one can predict the future @supermht, and I would argue there is value in “after the fact” reviews.

My whole issue is that scamming futures.io members shouldn’t be allowed.

Give this thread a month or two, this guy will be banned just like that Rockwell guy (don’t remember the exact name).

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  #341 (permalink)
nckafieh
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May try sharing one of these myself. Awesome

 
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 Olgrim 
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Feibel View Post
Wyckoff and VSA principles at play in today's action:

Effort vs Result (few cases)
Upthrust (set up)
Waves
Structure
Confluence
No demand
Context

PDF attached (2 pages)

Hi Feibel.
I understand you are looking for the right setup on 2 charts at the same time (tick and regular). On 5 min. you would simply miss the trade in D.

5 min. regular chart shows almost opposite: huge bullish bar at the beginning on the wave from B to D. Attached you can see. We know that the direction has changed VERY Quickly only at the breakout point. Breakout bar (BR) is weaker than bullish bar at the beginning of this wave. I had total confusion at this point. I had mixed signals.

1. In your decision making at the point D why did you put so much weight on the TICK chart channel via D (particular on the upper bound in your main channel) and decided to ignore signals on the regular chart?

2. in your channel drawing method on the TICK chart did you draw upper bound of the main channel (red down) first? and bottom bound - second?

How can you totally rely on this line in your decision? It basically became main channel for the day. Yesterday lower (green)? I should not have traded too close and against the resistance Green line.


Thank you very much.
Let's ignore the noise on this thread.

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  #343 (permalink)
 Rrrracer 
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@Olgrim, my .02...

Bar B had sizeable volume, but check out how narrow the spread was... there was a lot of selling in that bar which would have been a big clue that supply was present. Effort vs. reward... if bar B were all buying, it would have made much further progress up.

Check out the three bars of similar size just prior to that... two of them had much larger spreads on the same volume which should give you a better idea of what would be "normal" movement for that amount. It would take some effort for bulls to get back through that level (previous support turned resistance) which would have shown itself with volume increasing; instead there is flat/generally decreasing volume... I would have been looking for a short when price got close to the resistance area.

Good job acting quickly on the reversal!

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  #344 (permalink)
trader14
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With market background one would be looking for short opportunities. We were below support as noted in the 30 min. chart below as well as a tad deep for a spring. It's a good idea to review market background. No offence intended, a simple reminder of how important background is to increase our LOK (level of knowledge).

Rrrracer... you have nice eyes !!!

Nice atta boy for reversing quickly too !!

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 Olgrim 
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Thank you guys.

Rrrracer, it is interesting how you look at the proportions of volume vs spread. Somehow I look at development of volume and spread during seccion not in this systematic way. High volatility at beginning and at end and lower at the middle are typical wave during the day and this is preventing me to make this comparison. Some other factors effect these proportions. That why I resist to see these bars as equal for analysis. I saw support at bottom, double bottom revesal. I did not feel the price will go lower than yeasterday lower. Questions I had: Why all this higher volume in B did not push price lower? Strong buying?
I did not have the red Chanel down at that time. ( through D on Feibel's chart.)

Background. That is correct. I got the same picture. Trade only in the direction of the background.

Thank you very much.
This is just to validate the method and learn more.

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  #346 (permalink)
 Grantx 
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trader14 View Post
With market background one would be looking for short opportunities. We were below support as noted in the 30 min. chart below as well as a tad deep for a spring. It's a good idea to review market background. No offence intended, a simple reminder of how important background is to increase our LOK (level of knowledge).

Rrrracer... you have nice eyes !!!

Nice atta boy for reversing quickly too !!

Riveting post analysis but so what? How does all that help you going forward? I dont see any forwardlooking scenario planning on your chart. Dont get enticed into this feeling of confidence that you know whats going on just because you can look back and make up a story about what you think is going on. Its all make believe because none of use know the actual reason why price went somewhere, or spiked a zone, or suddenly reversed, or pulled back etc...

There is no story, it just did what it did. Even if there was a story its completely useless to you and me because those conditions are now gone, the players might be different, moods are probably different, fundamentally things might have changed, a colossal sized hedged position just liquidated for completely unrelated reasons ....just too many variables which you and I know NOTHING about in realtime.

Im not being rude, Im trying to help you. This kind of look back technical analysis will be harmful to you in the long run. This thread has good information relating to interpretation of wyckoff but you have to try and implement it realtime. This is the hard part because your information is always incomplete but thats what you have got to get used to.

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  #347 (permalink)
 trendisyourfriend 
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Why don't you guys comment every 15min bars as the day develops with your take on what's going. It seems to me that would be more real and give us all an idea of the strength of the concepts presented in this thread in real time.

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 Feibel 
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Please find PDF attached.

Excellent questions and contributions from others, thank you.

F

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  #349 (permalink)
trader14
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Grantx View Post
Riveting post analysis but so what? How does all that help you going forward? I dont see any forwardlooking scenario planning on your chart. Dont get enticed into this feeling of confidence that you know whats going on just because you can look back and make up a story about what you think is going on. Its all make believe because none of use know the actual reason why price went somewhere, or spiked a zone, or suddenly reversed, or pulled back etc...

There is no story, it just did what it did. Even if there was a story its completely useless to you and me because those conditions are now gone, the players might be different, moods are probably different, fundamentally things might have changed, a colossal sized hedged position just liquidated for completely unrelated reasons ....just too many variables which you and I know NOTHING about in realtime.

Im not being rude, Im trying to help you. This kind of look back technical analysis will be harmful to you in the long run. This thread has good information relating to interpretation of wyckoff but you have to try and implement it realtime. This is the hard part because your information is always incomplete but thats what you have got to get used to.



Trading price requires a perceptual and conceptual readjustment. We “MUST” react to what we’ve planned in advance. Moving forward, does future price agree with this analysis, is the future price action, no it’s character, confirming my analysis? If not why not? That’s where the rubber meets the road. All we can do as traders, is take the opportunities as they present themselves and control “RISK”.

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  #350 (permalink)
 trendisyourfriend 
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trader14 View Post
Trading price requires a perceptual and conceptual readjustment. We “MUST” react to what we’ve planned in advance. Moving forward, does future price agree with this analysis, is the future price action, no it’s character, confirming my analysis? If not why not? That’s where the rubber meets the road. All we can do as traders, is take the opportunities as they present themselves and control “RISK”.

It would be cool if you could post your plan before the day begins and the readjustment you need to make as the day progresses. Curious that no one who believes in this approach is doing it.

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  #351 (permalink)
 Olgrim 
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trendisyourfriend View Post
It would be cool if you could post your plan before the day begins and the readjustment you need to make as the day progresses. Curious that no one who believes in this approach is doing it.

We falsely think that the Wyckoff's method is to predict future. There are no crystal ball. Such method do not exist and I think it is not anyone's intention. Even if somebody provide this analysis whould you believe in it? Would you rely on it in your trade? Feibel's here on this thread describe the setups for most probable winning situations. You maybe know better than me ( I am new to this) that we are trading during this specific setups. In Wyckoff's method - spring, tests, up-thrusts, apex, climax..... We need to recognize and apply them.

Other methods are maybe less or more effective. Say, trading diversions or donchian bands like in Michael More strategy here in elite journals.

Risk management is common for all methods.

Yes. Trading is not easy.

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  #352 (permalink)
 Feibel 
Surrey, UK
 
 
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Wyckoff and VSA principles at play in today's action:

Effort vs. Result
Structure
Trend Channels
Upthrust (setup)
Confluence
2 bar Top Reversal (setup)
Waves
Comparative Analysis
Classic Wyckoff Setup ''Rally Back to Ice''

PDF attached (3 pages)

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es240418-1.pdf  
 
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  #353 (permalink)
 Olgrim 
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Feibel View Post
Wyckoff and VSA principles at play in today's action:

Effort vs. Result
Structure
Trend Channels
Upthrust (setup)
Confluence
2 bar Top Reversal (setup)
Waves
Comparative Analysis
Classic Wyckoff Setup ''Rally Back to Ice''

PDF attached (3 pages)

Thank you very much. This time I didn't miss the confluence J. thanks to our prior discussions. Seems thinking in terms of wave strength/ weakness makes much more scense. Uptrusts and other formations are not so visible on tick charts.

Market can give some surprise reversal. Europe is quiet now, down. Would take a lot of volume to reverse this train. As a beginner I always expect reversals. I have to fight it within myself, this gambling nature. Phsychology.

Let's green points be with you and all.

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  #354 (permalink)
 roadahead 
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Grantx View Post
Riveting post analysis but so what? How does all that help you going forward?

@Grantx,
Let me ask you something.
Do you go through charts after the trading day is over? And what do you see there and how does it help you in real-time trading? Or it doesn't help at all?
Personally me previously when I was looking into charts I saw nothing.. "Price went there, then - there, bla-bla-bla, so what?" Now I can understand that this or that kind of behavior MAY lead to such reaction etc. Basically thanks to Feibel I have TERMS and DEFINITIONS I can use. Of course I read a couple books as well as many other information from different sources. And yes: now I can some patterns real-time and react accordingly. What makes me sad - when I miss some formation which I could have used! But this is connected to self-confidence of course. You have to believe your eyes and have strength to react. Since I'm new to trading this part is damn difficult! Also I don't draw all those channels - I just can't hold my position longer than couple minutes.
Of course Wyckoff's method is not a holy grail as any other trading techniques. Everybody from our community is just trying to shape somehow the market.
Completely support the idea of discussing markets online during trading session.

Just my 0.02

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  #355 (permalink)
 roadahead 
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@Feibel,

What volume style do you use for tick charts?
What I learned is that on 3500 tick charts volume bars look very similar, there's not much difference in volume size, how could that be?

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  #356 (permalink)
 Rrrracer 
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roadahead View Post
@Feibel,What volume style do you use for tick charts?
What I learned is that on 3500 tick charts volume bars look very similar, there's not much difference in volume size, how could that be?

I had a question brewing in my brain regarding this as well; I know he probably uses a Weis Wave or similar, and I've attempted to use them on tick charts but haven't been able to glean a lot of info from them... I'm sure it's my lack of interpretation skills

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  #357 (permalink)
 Olgrim 
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roadahead View Post
@Grantx,
....What makes me sad - when I miss some formation which I could have used! But this is connected to self-confidence of course. You have to believe your eyes and have strength to react. Since I'm new to trading this part is damn difficult! Also I don't draw all those channels /url]

Practice is the answer. I am in the same situation, pal. I draw channels, though.
The danger is possibility of talking yourself into unreal picture. See what you want to see, so to speak. Price action, structure and volume - 3 elements. Patience, discipline and courage.

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  #358 (permalink)
 Grantx 
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roadahead View Post
@Grantx,
Let me ask you something.
Do you go through charts after the trading day is over? And what do you see there and how does it help you in real-time trading? Or it doesn't help at all?
Personally me previously when I was looking into charts I saw nothing.. "Price went there, then - there, bla-bla-bla, so what?" Now I can understand that this or that kind of behavior MAY lead to such reaction etc. Basically thanks to Feibel I have TERMS and DEFINITIONS I can use. Of course I read a couple books as well as many other information from different sources. And yes: now I can some patterns real-time and react accordingly. What makes me sad - when I miss some formation which I could have used! But this is connected to self-confidence of course. You have to believe your eyes and have strength to react. Since I'm new to trading this part is damn difficult! Also I don't draw all those channels - I just can't hold my position longer than couple minutes.
Of course Wyckoff's method is not a holy grail as any other trading techniques. Everybody from our community is just trying to shape somehow the market.
Completely support the idea of discussing markets online during trading session.

Just my 0.02

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Hi roadahead,
Good questions.


Quoting 
Do you go through charts after the trading day is over?

No. I trade a single instrument and know the chart in great detail from the daily all the way down to the one minute chart.


Quoting 
And what do you see there and how does it help you in real-time trading?

The only reason I look back in time is to determine intraday liquidity zones, high/lows, and to get an overall feel of sentiment.


Quoting 
Or it doesn't help at all?

Attaching a story to price movement is completely useless and a waste of your time. Its guesswork at best. Storytelling is a mechanism of your ego mind that is useful in certain aspects of daily life but is damaging to your trading.

Let me try and explain.
See the attached daily chart of eurusd.
I have 3 levels marked that are absolute and indisputable proof of where price reacted, reasons dont matter.

How does this help going forward?
We already know with 100% certainty that price will achieve one of those levels again.
The why does not matter. The how does. That is where feibels technical analysis comes into play. When you learn to scenario plan, you will be able to implement his method in realtime a lot more effectively.
Eliminating the story telling machinery is like taking a laxative and purging yourself of waste product.

Also, not being able to hold your trades is something you really must work on. Your behaviour response to discomfort is to exit your trade early because removing yourself from a losing trade brings a feeling of relief. This is a bad habit because you are managing your emotions not your trade opportunity. It might make you feel relief short term but when you look back at the day you will kick yourself for not being committed.


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  #359 (permalink)
 roadahead 
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Grantx View Post
Hi roadahead,

No. I trade a single instrument and know the chart in great detail from the daily all the way down to the one minute chart.
...
Eliminating the story telling machinery is like taking a laxative and purging yourself of waste product.

Hi Grantx,

I think there's some misunderstanding.

Let me put it this way.
1. ALL trading books are about what already happened.
ALL posts at this forum are about what already happened and what we could have done based on that PAST information.
Do you agree with the above? Then why are you reading all the above? And how do Feibel's posts differ from the rest?

2. Currently you are trading some setups, right? So how did you develop it? How did you IDENTIFIED them firsthand in the very beginning when you were just starting? Because if you want to work with something, you have to start with identification first.
Or are you saying that markets are completely random? Then how are you going to operate in such an environment?

I'm not advocating Feibel's posts, but rather trying to understand how you differ information in this thread and all other sources of information?


Grantx View Post
Also, not being able to hold your trades is something you really must work on. Your behaviour response to discomfort is to exit your trade early because removing yourself from a losing trade brings a feeling of relief. This is a bad habit because you are managing your emotions not your trade opportunity. It might make you feel relief short term but when you look back at the day you will kick yourself for not being committed.

Thanks for pointing, that is out of question. I'm just practicing selection of trading opportunities and fluent entry at the moment. When confident, shall move to position holding, playing with different contracts size etc..

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  #360 (permalink)
 Grantx 
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roadahead I'm not sure where you're going with this. Are you asking a question or trying to educate me? Either way I suggest you start your own journal and clarify your viewpoint.
Cheers

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  #361 (permalink)
 roadahead 
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Grantx View Post
...
Im not being rude, Im trying to help you. This kind of look back technical analysis will be harmful to you in the long run. This thread has good information relating to interpretation of wyckoff but you have to try and implement it realtime. This is the hard part because your information is always incomplete but thats what you have got to get used to.

@Grantx,
You said initially you were trying to help.
I sincerely wanted to clarify what is wrong with this thread and how it may be harmful in the long run and what information we could be missing.
And just asked sincerely what's the difference between this thread and all other threads, books etc. since I'm new to trading.
Now you are saying I'm trying to educate you, home come?


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 butch1130 
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The only thing wrong with this thread are those of you who are 'saving us' from someone who is sharing Wyckoff education for free! If you are interested in Wyckoff, do some research of his methods. Then, come back to this thread and see how someone uses those methods. You will then understand why most everyone here feels lucky that he is sharing his analysis.

WYCKOFF, VSA and PRICE ACTION. If you are not sharing viewpoints on those 3 things. Please, please move on to another thread.

The trades that are discussed in his reports were all available at the hard right edge of the chart. Just spending a few months studying Wyckoff and VSA on my own, in conjunction with his reports, have allowed me to start seeing these trades and taking some of them in my own trading.

butch1130

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  #363 (permalink)
 Grantx 
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roadahead View Post
@Grantx,
You said initially you were trying to help.
I sincerely wanted to clarify what is wrong with this thread and how it may be harmful in the long run and what information we could be missing.
And just asked sincerely what's the difference between this thread and all other threads, books etc. since I'm new to trading.
Now you are saying I'm trying to educate you, home come?


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This is feibels thread and not the place for the type of discussion you are trying to create. If you are new to trading then its not good etiquette to hijack another persons thread with nonsense questions like:
Quoting 
what is wrong with this thread and how it may be harmful in the long run and what information we could be missing

Sounds like you have a lot of questions. There will be a bunch of people in this very helpful community of traders that will be happy to assist you. Start a journal, show us where you are at, and we can go from there.

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  #364 (permalink)
 roadahead 
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Grantx View Post
This is feibels thread and not the place for the type of discussion you are trying to create. If you are new to trading then its not good etiquette to hijack another persons thread with nonsense questions like:
Sounds like you have a lot of questions. There will be a bunch of people in this very helpful community of traders that will be happy to assist you. Start a journal, show us where you are at, and we can go from there.


Grantx,

I'm not discussing. I asked you a question about your thoughts about THIS thread.
Your words were that following analysis in this thread will lead us to harmful conclusions in the long run. So I was just clarifying your words about information in THIS thread. Am I correct here?
I'm not asking about my trading, not your trading, nor my or your journal.
So what did you mean saying that information in this thread can be harmful?
I just asked, if you don't want to reply - it's fine


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  #365 (permalink)
 Feibel 
Surrey, UK
 
 
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roadahead View Post
@Feibel,

What volume style do you use for tick charts?
What I learned is that on 3500 tick charts volume bars look very similar, there's not much difference in volume size, how could that be?

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Good question; I receive many private emails regarding this topic - let's go over this with a fine tooth comb

Standard volume bars cannot be used with tick data, as they may appear similar (and they should)

Tick data represents transactions regardless of time and volume:

Example: In the Chronicles I use 3500 ticks, this equates to 3500 individual transactions between buyers and sellers, regardless of time and volume. There may be 3500 transactions all with 1 contract, or perhaps 3500 transactions with a 100 contracts per transaction, it makes no difference. For arguments sake there could be 1 transaction found within a 3500 tick bar that contains a large sum of 10000 contracts - this only constitutes as 1 transaction, even though the volume is 10,000 contracts.

That's how we know that the majority of price is still retail or algo driven, as tick volume bars have an average size. However, if for example the 3500 tick bar that contains a couple of 10000 lots (bids) will inevitably drive price higher, hence the spread of the tick bar will increase, this will stick out like a sore thumb (polar bear in the desert) therefore we know that institutional/large players have made a play, they have positioned themselves; essentially we gain an edge

Volume is activity (vice versa) when the market moves fast and is volatile, a 3500 tick bar, may represent a 1 or 2 min bar on occasion, as the rate of transactions (3500) is incredibly fast, ergo there is movement within the market. Here we gain an additional edge; if this occurs within the first 30 or 45 mins trading, it can often fortell a trend day (heavy liquidation)

Example: on any given day within the first 30 mins of trading, ticks may display itself by consuming a 1/4 of my screens real estate (which is an average) When the markets open with high volatility within the same time period (30mins) the tick data will consume the whole of my screen, THIS is vital data, as odds highly favour a huge move, and we want to be aggressive in our trading.
An astute trader will highlight that if we change the size of charts, how do we know the average? I have 3rd party software that highlights the average for any given time period (to be honest, its not needed)

There are many, many advantages to tick data, too many to list and go through. Perhaps a free webinar would help? especially for those who trade forex; tick data along with cumulative wave volume, is an extremely powerful tool; as we all know FX is decentralised, the only real edge using volume is through tick data, that I have found......

Hope this helps,

F

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

A few have mentioned the confusion around the term ''story''

Pleased find PDF attached

Hope this helps,

F

Attached Thumbnails
The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-eurdol-1.pdf  
 
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  #367 (permalink)
 Olgrim 
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Feibel View Post
There are many, many advantages to tick data, too many to list and go through. Perhaps a free webinar would help?

Very useful information.
In the volume wave indicator on tick charts are you interested in the volume per price swings that coisides with your specific structure waves? So you adjust accumulation rate in the indicator for every specific situation. Of course accumulation for a longer swing should create higher wave. Short swing - small volume wave. This can be misleading. How can you compare price wave and volume waves abnomality? Or you compare similar leangh and angle of swings.

Are smaller waves within larger waves important to you?
So you focus more on development of volume accumulation within larger price swings. Kind of like breaking it down.
I think both information are useful. I use both. With all this information it is very easy to miss something obvious on regular charts.

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  #368 (permalink)
 Rrrracer 
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Feibel View Post
There are many, many advantages to tick data, too many to list and go through. Perhaps a free webinar would help?

Is that an offer? By all means, that would be very cool. Tick charts are great, I'm sure everyone would love to know more of their advantages.

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  #369 (permalink)
 Grantx 
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Rrrracer View Post
Is that an offer? By all means, that would be very cool. Tick charts are great, I'm sure everyone would love to know more of their advantages.

Its about time feibel! We have been patiently waiting for this webinar
Come on people reading this forum, throw your support in....give a +1 or something.

@Big Mike @sam028

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  #370 (permalink)
 kulu 
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Hey,

Any thoughts about David Weis' Mentoring?

Thanks and happy Friday!

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  #371 (permalink)
 Feibel 
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kulu View Post
Hey,

Any thoughts about David Weis' Mentoring?

Thanks and happy Friday!

David Weis I would say is the worlds leading expert on Wyckoff (not pure Wyckoff) Davids interpretation heavily revolves around the buying and selling pressure within waves, his level of understanding is pure genius. As for his mentoring I couldn't comment; although I have been fortunate to have spoken with David a few times over the years, he is incredibly kind with his time and will happily share his insights. Last time we spoke I believe he was tinkering with Renko bars along with the Weis Wave, and there is much value to be found within that partnership (very high odd trades; but that's another story)

When picking a mentor, it is very important that you are on the same page, and like the way information is presented to you. My suggestion would be to read his book ''Trades About to Happen'' and take it from there.

Hope this helps,

F

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


Olgrim View Post
Very useful information.
In the volume wave indicator on tick charts are you interested in the volume per price swings that coisides with your specific structure waves? So you adjust accumulation rate in the indicator for every specific situation. Of course accumulation for a longer swing should create higher wave. Short swing - small volume wave. This can be misleading. How can you compare price wave and volume waves abnomality? Or you compare similar leangh and angle of swings.

Are smaller waves within larger waves important to you?
So you focus more on development of volume accumulation within larger price swings. Kind of like breaking it down.
I think both information are useful. I use both. With all this information it is very easy to miss something obvious on regular charts.


The wave volume is constructed cumulatively. There is a retracement setting for the flip; I use 0.75 ticks for the 5m and 3500 tick chart. For a daily time frame you may use 1.5 to 2.00 points retracement, depends on how you like to view the market. The setting is never adjusted.

Here is a quote from Wyckoff, this is how I use wave volume:

“But you must always be on the lookout for a change in this immediate trend … This is how you detect the change: In an uptrend, when the selling waves begin to increase in time and distance, or the buying waves shorten. Either or both will be an indication of a change in the immediate trend. Apply the same reasoning to a down trend.” Richard D. Wyckoff, A Course of Instruction in Tape Reading and Active Trading.

Good question,

F

 
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  #373 (permalink)
 Olgrim 
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Feibel View Post
Please find PDF attached.

Excellent questions and contributions from others, thank you.

F

Feibel: << The channel was constructed in the normal manner for a downtrend; highs first then add the parallel. Structure in the methodology found within the Chronicles is extremely important; I place a great deal of emphasis on these levels, for they are areas where the forces of demand and supply are checked by the opposing force, and either disconfirm or confirm the presence of buying or selling.>>

How do you shape your range of your trade?
Price may break your range or may not even touch your demand/supply line. What do you do? Is it "trade and stop" or "trial and error" process? What if the price keeps disconfirming your initial volume/price analysis? I am more interested in the real process of forming your trade.

After either demand line or supply line is disconfirmed by price (or stopped if in trade) we look again at the volume/price, searching another clues. You ended up constantly being in the process of searching for perfect play. You can't afford too many attempts in real trading. Too costly.

Say, for ES past Fri. 27 of Apr. - tough day. Near perfect apex formation. (see attached). It looks like a test of supply to me on the daily chart, isn't it? My initial assumption was bullish, planning a bullish play, break of the apex. Ended up nowhere -

Thank you very much for your time.

Attached Thumbnails
Click image for larger version

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  #374 (permalink)
trader14
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kulu View Post
Hey,

Any thoughts about David Weis' Mentoring?

Thanks and happy Friday!



When I first started learning Wyckoff, I attended two seminars presented by both David Weis & Gary Fullett and would recommend either one as a mentor. In my opinion there are only two leading experts on Wyckoff. David Weis being one as Feibel mentioned and Gary Fullett. For pure Wyckoff I’d highly recommend Gary as a mentor at LTG-Trading.com.

Best of luck on your choice

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

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

Structure
Hidden Upthrust (setup)
Apex
Confluences
Reversal (setup)
No demand (setup)

and a volume action aberration

PDF attached (2 pages)

Attached Thumbnails
The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es300418-1.pdf  
 
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  #376 (permalink)
 Rrrracer 
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Feibel View Post
The wave volume is constructed cumulatively. There is a retracement setting for the flip; I use 0.75 ticks for the 5m and 3500 tick chart. For a daily time frame you may use 1.5 to 2.00 points retracement, depends on how you like to view the market. The setting is never adjusted.

Any advice on how to go about setting it for different markets?

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  #377 (permalink)
 Feibel 
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Rrrracer View Post
Any advice on how to go about setting it for different markets?

A very expansive question: unfortunately its a matter of personal interpretation, through trial and error. Dependent on how one wants to perceive price through waves, and of course is timeframe dependent.

Can happily share the settings that are used for intraday purposes, as the swing trading settings are primed for larger moves

ES 5m 0.75
CL 5m 0.05
6B 5m 0.0003 (all currency futures excluding 6J)
GC 5m 0.5
NQ 5m 0.50

Stocks anything between 10c or 20c

Hope this helps,

F

 
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  #378 (permalink)
 Rrrracer 
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Feibel View Post
A very expansive question: unfortunately its a matter of personal interpretation, through trial and error. Dependent on how one wants to perceive price through waves, and of course is timeframe dependent.

Can happily share the settings that are used for intraday purposes, as the swing trading settings are primed for larger moves

ES 5m 0.75
CL 5m 0.05
6B 5m 0.0003 (all currency futures excluding 6J)
GC 5m 0.5
NQ 5m 0.50

Stocks anything between 10c or 20c

Hope this helps,

F

Thanks buddy. I'll mess around with it on one of my tick charts... I trade 6E, largely on a M5. Do you also find it useful on time based charts?

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

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

Upthrust (setup)
Hidden Upthrust (setup x 2)
Structure
Oversold Conditions
Multiple Time Frames
Effort vs. Result
No demand?

and a volume aberration

PDF attached (2 pages)

Attached Thumbnails
The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es140518-1.pdf  
 
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  #380 (permalink)
 Rrrracer 
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Good to see you back in action @Feibel, nice analysis. Hope all is well with the little one!

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

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

Effort vs. Result
Structure
Confluence
Waves
Hidden Upthrust (setup)
Classic Wyckoff ''Rally Back to Ice'' (setup)

PDF attached (2 pages)

Attached Thumbnails
The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es290518-1.pdf  
 
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  #382 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

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

Effort vs. Result
Hidden Upthrust (setup)
No demand (setup)
Structure
Trend Channels
Spring (to trade or not to trade)
Multiple Time frames

PDF attached (2 pages)

Attached Thumbnails
The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es050618-1.pdf  
 
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  #383 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

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

Effort vs. Result
Holding gains
Multiple Time Frames
No supply test (setup x2)
Spring (setup)
Structure
Wyckoffian logic
Comparative analysis

Pure price action setup

PDF attached (3 pages)

Attached Thumbnails
The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es060618-1.pdf  
 
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  #384 (permalink)
 WyckNinja 
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Feibel

I want to thank you very VERY much for this thread. I have been lurking on and off these boards for a long time, and
yes, this is my first post ! I have gleaned a lot of info through other posters here, and have been negligent in thanking
them, and I do apologize for that, but your thread has finally galvanized me into action...

Like so many others, I thought I would learn to trade to ''supplement my income". And, like so many others, I was totally naive as to how difficult it was, in spite of all the evidence (eg. on this site) as to the truth of that difficulty. My journey has led me through basics, to Wyckoff (via books/webinars from David Weis and Gary Dayton) and to Al Brooks.

Still can't trade worth a damn.....

Strangely enough, all that wisdom, while providing me a great basis for trading, never made me feel comfortable enough to feel (somewhat) confident. Your thread has finally put it all together for me. No, I am not a successful trader (yet), but I now see a light at the end of the tunnel. I have only recently discovered your thread, but I am finally able to put together a 'story' of the market. Not always right, but getting there.

Anyway, sorry for making this so long, but thank you very much (again!) for this thread. I am still working through it, but it is totally awesome !!!
Cheers,

Dave

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

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

Effort vs. Result
High Volume testing (setup)
Spring setup
Inside Bar
Structure


a little on logical price action and market behaviour

PDF attached (2 pages)

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The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es130618-1.pdf  
 
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  #386 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

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

Indepth multiple time frame analysis (daily and weekly)
Spring (setup)
No supply (setup)
Comparative and Relative analysis
Structure
Overbought conditions
Effort vs. Result
Testing

PDF attached (3 pages)

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The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es150618-1.pdf  
 
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  #387 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

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

Structure
Trend Channels
Bottom reversal (setup)
Overbought and oversold conditions
Simple pullback (setup)
Upthrust (setup)
Volume spikes

PDF attached (2 pages)

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The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es190618-1.pdf  
 
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  #388 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

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

Upthrust (setup)
Effort vs. Result
Spring (setup)
No supply
Excellent volume characteristics
Trend Channel
Multiple time frames
Market Top
High volume areas
Inside Bar

PDF attached (3 pages)

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The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es210618-1.pdf  
 
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  #389 (permalink)
 Mich62 
Netherlands
 
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ES 21st June 18:

Feibel wrote:
"The US opens via the supply line and we fall in spectacular fashion (untradeable). Even though one
has a sense and you can see the market drop, we need reasons to short, the market did not provide
clear entries, we could let the market pull us in, however we are too close to major support lines,
these are not high odd trades, sometimes we must sit, watch the market unfold and be patient.
"

Sure. But I would like to point out that in many cases one can find an (with higher time frame trend) entry on the lower time frame like the 1m with the same principles.

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


Mich62 View Post
ES 21st June 18:

Feibel wrote:
"The US opens via the supply line and we fall in spectacular fashion (untradeable). Even though one
has a sense and you can see the market drop, we need reasons to short, the market did not provide
clear entries, we could let the market pull us in, however we are too close to major support lines,
these are not high odd trades, sometimes we must sit, watch the market unfold and be patient.
"

Sure. But I would like to point out that in many cases one can find an (with higher time frame trend) entry on the lower time frame like the 1m with the same principles.

Hi Mich82,

Yes of course, one can drill down to 10 sec charts if desired. However, with my style and the amount of markets I trade. 5m is low enough to cancel the noise, more importantly sanity reasons :-)

 
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  #391 (permalink)
 Mich62 
Netherlands
 
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Feibel View Post
Hi Mich82,

Yes of course, one can drill down to 10 sec charts if desired. However, with my style and the amount of markets I trade. 5m is low enough to cancel the noise, more importantly sanity reasons :-)


Hi Feibel,

You're right, noise gets me in the market. On time with a tight stop, little risk and much to gain. In cases where others don't see an entry because they feel it's too noisy :-)

I like to read the tape via the chart to see supply and demand (battle between the bulls and the bears) as preached by Wyckoff. If there would be any noise I filter it out with a PnF chart, also just like Wyckoff showed us.

Have fun trading! Looking forward to your next analysis.

.

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


Mich62 View Post
Hi Feibel,

You're right, noise gets me in the market. On time with a tight stop, little risk and much to gain. In cases where others don't see an entry because they feel it's too noisy :-)

I like to read the tape via the chart to see supply and demand (battle between the bulls and the bears) as preached by Wyckoff. If there would be any noise I filter it out with a PnF chart, also just like Wyckoff showed us.

Have fun trading! Looking forward to your next analysis.

.

Thank you.

Wow, has been many a year since I have seen an intraday PnF chart

From a personal viewpoint I believe the use of multiple timeframes to have the greater edge (discretionary of course) Although for tight contracts (such as bonds) along with higher timeframes (swing trading) PnF charts come into their own; uncanny at times.

The best use for lower timeframes (1m or less) I have found to be the use of renko bars, one can gauge the swings pretty accurately, especially with the use of the Weis Wave, superb for momentum trading. All comes down to personal preference and trading style, great chart

All the best,

F

 
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  #393 (permalink)
 ragic 
Cambridgeshire, UK
 
Experience: Intermediate
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Been Sunday morning experimenting with renko charts and waves.

The charts show Mich82's price areas. They compare a 1 min chart and a 2 renko chart.

The renko seems to show a couple of interesting features. Using volume in the bar, it seems to highlight EvR. You can clearly see the higher volume needed to move the price by 2 ticks. Its a warning sign at least.

Also, have a look at the wave volumes in the reaction at 15.15. The 2nd upwave seems to show very little volume to move higher.

( green dotted line was overnight Low, red dotted line was y/days Low)


Not sure how practical it is, some of the renko bars are formed in seconds rather than minutes...
Obviously, we must use our higher timeframes and structure to find interesting areas, but maybe the renko may be useful for zooming in.

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  #394 (permalink)
 Mich62 
Netherlands
 
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ragic View Post
Been Sunday morning experimenting with renko charts and waves.

The charts show Mich82's price areas. They compare a 1 min chart and a 2 renko chart.

The renko seems to show a couple of interesting features. Using volume in the bar, it seems to highlight EvR. You can clearly see the higher volume needed to move the price by 2 ticks. Its a warning sign at least.

Also, have a look at the wave volumes in the reaction at 15.15. The 2nd upwave seems to show very little volume to move higher.

( green dotted line was overnight Low, red dotted line was y/days Low)


Not sure how practical it is, some of the renko bars are formed in seconds rather than minutes...
Obviously, we must use our higher timeframes and structure to find interesting areas, but maybe the renko may be useful for zooming in.

Thanks Ragic, great chart reading. It's obvious both charts (Renko & 1m) tell the same story. However the two up waves on the first pullback after the breakdown are much better to interpret on the Renko as it shows clearly the weakening demand on the 2nd up wave. Maybe it's going too fast to trade it real time. Like Feibel wrote, I guess it all comes down to personal preferences & style.

If you would use Mean Renko (download ninZaRenko for free on ninZa.co) I think you could see the upthrust which is now filtered out. Trade well!

.

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

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

Upthrust (setup)
No supply (setup)
Continuation (aggressive setup)
Volume spikes
Effort vs. Result

PDF attached (2 pages)

Attached Thumbnails
The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es260618-1.pdf  
 
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  #396 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

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

Spring (setup)
Test (setup)
Upthrust
Multiple time frames
No Supply (setup)
Overbought conditions
Structure

and a little on market behaviour

PDF attached (2 pages)
Attached Files

Attached Thumbnails
The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es280618-1.pdf  
 
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  #397 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

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

Spring (setup)
Upthrust
No supply (setup)
Shakeout (ordinary)
Testing
Structure
Comparative and Relative analysis
Climatic Bar

and a little on market dynamics/behaviour

PDF attached (3 pages)

Attached Thumbnails
The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es030718-1.pdf  
 
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  #398 (permalink)
 Feibel 
Surrey, UK
 
 
Posts: 215 since Jun 2017

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

Spring (setup x 2)
Test (setup)
No supply (setup)
Price behaviour
Structure
Comparative and Relative analysis

PDF attached (2 pages)

Attached Thumbnails
The S&amp;P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es180718-1.pdf  
 
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  #399 (permalink)
Bullbutcher
Prague
 
 
Posts: 5 since Sep 2014
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On vacation I suppose

 
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  #400 (permalink)
raidenko
Washington DC
 
 
Posts: 5 since Sep 2018
Thanks: 2 given, 2 received

You're right, noise gets me in the market. On time with a tight stop, little risk and much to gain. In cases where others don't see an entry because they feel it's too noisy :-)

I like to read the tape via the chart to see supply and demand (battle between the bulls and the bears) as preached by Wyckoff. If there would be any noise I filter it out with a PnF chart, also just like Wyckoff showed us.


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Last Updated on September 30, 2020


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