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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

  #391 (permalink)
 Miesto 
Monte Carlo, Monaco
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Experience: Advanced
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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

  #393 (permalink)
 ragic 
N. Yorks, UK
 
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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)
 Miesto 
Monte Carlo, Monaco
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: NinjaTrader Brokerage
Trading: Futures
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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&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es260618-1.pdf  
  #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&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es280618-1.pdf  
  #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&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es030718-1.pdf  
  #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&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action-es180718-1.pdf  
  #399 (permalink)
Bullbutcher
Prague
 
Posts: 5 since Sep 2014
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On vacation I suppose

  #400 (permalink)
raidenko
Washington DC
 
Posts: 5 since Sep 2018
Thanks Given: 2
Thanks Received: 2


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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