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gamefisherman

3,651 Posts.

69

04/02/16

00:09

Post #: 16936190
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Originally posted by Zandaya ↑

@gamefisherman , @Gladiator2 , @Jako64 I'm in Boys, looks awesome have to get up to speed, a lot of reading to do.

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Originally posted by seagull ↑

This is my first post on this thread & I really want to thank you Jacko for your time & efforts to help us all. It can be very time consuming putting together charts & the analysis to go with them. The way you are conducting the “lessons” is brilliant. Thank you so much.

I am relatively new to Wyckoff & VSA & only discovered it with the help of a member on another thread late last year.
I think my earlier charting analysis methodology was & still is reasonable but understanding the relationship between the volume & spread was frustrating me as I always believed that there had to be some way of understanding that relationship to foresee potential outcomes.

I am a slow learner but think I am getting it although it is a lot of hit & miss still.
I find it is easier to study a weekly or monthly chart for example rather than the daily but it is the daily that I concentrate on the most. It is a good thing to watch the monthly & weekly being formed as the dayly charts flow along. I find it useful to put notes to paper or the chart & see how my analysis worked out as each time frame completes.
At this stage I still rely heavily on my earlier analysis techniques rather than the Wyckoff & VSA methods but I believe they are complimentary to mine & I am starting to incorporate them into my charts. I will probably finish up with a hybrid that may or may not be as good as I might wish. Time will tell.

The explanations in the books I have read so far can be quite confusing.
I initially had difficulty understanding higher volume with higher “relative” volume & the interpretation of that in relation to locating a no supply or no demand bar for example. The only way I am confident that I have got it right is after the event but I guess that is how it works.
The concept of strength on down bars & weakness on up bars also took getting my head around.
I also find I have to swap between Bars & Candles before I get it. Most times the candles give me the same view as the bars but the bars are cleaner. I guess that will come with time & more understanding as well.

I am a big believer in trends particularly historical trends & their angles. I believe that both new & old support & resistance levels play a major part in VSA & Wyckoff’s methodology and I am also a big believer in boxes to determine trading ranges & price targets. At least that is one thing I don’t have to “unlearn” if I want to understand his methods.

I could go on & on I guess but there are so many things to think about, it is no wonder so many of us get things wrong.

I love this thread & hope it can continue as it has none of the usual off topic problems in other threads. Thanks again for your teaching.

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Originally posted by Mike B ↑

Jacko - Been reading since the beginning, and just wanted to say thank you.
Awesome resource - I appreciate the time and effort you put into it.

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Welcome lads, the seats are filling fast. We only ask that during class time that no popcorn is thrown around the room.

Cheers
GF
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