Thanks seagull, So far most of the Wyckoff and VSA analysis on...

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    Thanks seagull,

    So far most of the Wyckoff and VSA analysis on this thread has been done in hindsight (which is far far easier), with only a little at the hard right edge.
    This is mainly because most on this thread need to gain a basic understanding first.
    Wyckoff and VSA is quite logical and uses a lot of reasonable common sense no doubt.
    Charting generally does not have black and white answers, but suggests probabilities that may of offer potential low risk trades.

    Yes, this type of analysis is much better suited, and is generally more consistent when applied to large liquid markets, however there are many practitioners who have developed a successful style which can successfully work within the small and micro cap stocks (some of who post on Hot Copper regularly).
    In the end, once a thorough understanding is gained in this area, it is up to the trader to develop their own style, including the markets they operate in.

    Yes, I agree that incorporating this type of analysis into your own existing analysis should be beneficial.

    Davis Weis (Wyckoffian), often comments on seeing trading ranges as boxes (which comes from that Darvis fellow I think...), and there are also some Hotcopper members who use this type of analysis in conjunction with the work of Dr Alan Andrews.

    There is a guy on the net somewhere (who used to work for TG a long long time ago I think...), who does some VSA training using candlesticks, so it is definately possible, and if that suits you better...use it.
    That said, Tom Williams (VSA developer), dislikes using the Opening Price in chart reading and trading, as he says the open is often manipulated to wrong foot other traders. And the Open is used in creating a candlestick chart, so I guess this is the main reason Tom always used bars for his analysis.

    Finally, yes everyone should develop their own style, however I am not officially a teacher, so I can only teach what I have learned, the way I have come to understand it, and in my style (and I have not done any structured work, just posting up stuff off the top of my head, which I think will help the learner understand better).
    I am also relying on the people reading this thread, doing some research of their own, particularly reading some of the material that has had some links posted on this thread (like MTM).
    Then you guys (and gals if there are any), will have to take that information, especially once a decent understanding has been gained, and use it to develop your own trading rules & styles, in whatever markets you choose to trade....

    cheers
 
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