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