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Wyckoff theory / Weis Wave - where to start?

  • #1
  • First Post: Aug 31, 2019 7:24am Aug 31, 2019 7:24am
Hi there,

Can anyone point me in the direction of some basic reading material around Wyckoff's methodology and what/how the Weis Wave actually calculates?

I've tried to Google but I can't really find a link which runs through the basic methodology, and David Weis' book is too expensive for me to buy atm (although I am saving for it).

Not expecting the world on a stick, just want a primer

Thanks
  • #2
  • Aug 31, 2019 9:54am Aug 31, 2019 9:54am
I'm also interested. This is the first time I hear this theory and I'm curious.
  • #3
  • Aug 31, 2019 11:55am Aug 31, 2019 11:55am
Quoting sixbuttons
Hi there, Can anyone point me in the direction of some basic reading material around Wyckoff's methodology and what/how the Weis Wave actually calculates?
Full disclosure: I have not watched this video and therefore cannot attest to its quality. I just did a search of Weis Wave on YouTube....

Inserted Video


With respect to the Wyckoff trading method in general, here are a couple of ones to watch.

Inserted Video


Inserted Video


And while not technically Wyckoff, here's a chart of what Wyckoff considered to be the least risky trade: "Jumping the Creek/Breaking the Ice (both Bob Evan's terms) followed by a pullback that tests the "Creek/Ice".

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Which brings me to the Volume Spread Analysis (VSA) thread(s). You can find information that is pure Wyckoffian to information that is a Wyckoffian hybrid-VSA.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #4
  • Aug 31, 2019 12:37pm Aug 31, 2019 12:37pm
Really useful HiddenGap, thank you
  • #5
  • Edited 1:04pm Aug 31, 2019 12:48pm | Edited 1:04pm
Quoting HiddenGap
{quote} Full disclosure: I have not watched this video and therefore cannot attest to its quality. I just did a search of Weis Wave on YouTube.... https://www.youtube.com/watch?v=uzISUr1itWg With respect to the Wyckoff trading method in general, here are a couple of ones to watch. https://www.youtube.com/watch?v=5No1d6gl0p0 https://www.youtube.com/watch?v=VLY9YX5eBnk And while not technically Wyckoff, here's a chart of what Wyckoff considered to be the least risky trade: "Jumping the Creek/Breaking the Ice (both...
my analysis correct HiddenGap?
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  • #6
  • Aug 31, 2019 8:27pm Aug 31, 2019 8:27pm
There's a PDF version of Dave Weiss's book Trades About to Happen available on the internet.
  • #7
  • Sep 1, 2019 2:44am Sep 1, 2019 2:44am
Hello Thisara1,

where can we find this market profile


Thank,s
  • #8
  • Sep 1, 2019 3:07am Sep 1, 2019 3:07am
Enjoy the Weis book "Trades about to happen": Click at "Go to pdf" to download the file

https://www.pdfdrive.com/trades-abou...157578205.html

Sixer
  • #9
  • Edited Sep 2, 2019 12:20am Sep 1, 2019 9:03pm | Edited Sep 2, 2019 12:20am
And I'd like to recommend focusing your effort on trading indices, crude oil and gold instead of forex. Nowadays on forex good VSA /Wyckoff setups don't happen so often as they used to do.
  • #10
  • Sep 11, 2019 12:49am Sep 11, 2019 12:49am
Quoting sixbuttons
Hi there, Can anyone point me in the direction of some basic reading material around Wyckoff's methodology and what/how the Weis Wave actually calculates? I've tried to Google but I can't really find a link which runs through the basic methodology, and David Weis' book is too expensive for me to buy atm (although I am saving for it). Not expecting the world on a stick, just want a primer Thanks
There's a lot of free stuff that you can find out there about how to trade the Wyckoff method. I personally like Gary Dayton's approach to the Wyckoff method. I recommend you check him out. He has a few free webinars on his website and plenty of blogs posts.

Cheers!
  • #11
  • Sep 12, 2019 4:13am Sep 12, 2019 4:13am
Quoting denika02
{quote} There's a lot of free stuff that you can find out there about how to trade the Wyckoff method. I personally like Gary Dayton's approach to the Wyckoff method. I recommend you check him out. He has a few free webinars on his website and plenty of blogs posts. Cheers!
VSA system is fully based on the Wyckoff heritage. If you can not find enough information about Wyckoff, check-up "VSA strategy" search results
  • #12
  • Oct 14, 2019 7:18am Oct 14, 2019 7:18am
Here is a wave analysis using Demand & Supply and Wyckoff Principles.
I use #oil futures market from Moscow exchange.

We have 2 waves
1) This is the first wave, It has volume 1.35m contracts and 3.4% progress
2) The second wave gained 1.7% progress with a bit higher volume 1.42m

Buyers "spent" more efforts (seen by volume) but with fewer gains (result). Chart tells us - this is a zone of resistance (supply). So, we were warned about a possible decline.

Attached Image (click to enlarge)
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3) As a consequence of Weak action on Friday, Monday has opened with a big gap down.
4) Note how the buying volume decreases on tiny up-wave. This is No-Demand.
5) Genuine Supply pressure

While price holds below RFSB level (black line) - the situation is bearish.
Oleg Alexandrov, market analyst. Find me in Google
  • #13
  • Apr 27, 2020 4:05am Apr 27, 2020 4:05am
If you have tradestation, you may also test the indicator if it suits you: www.advantagetrading.net/adv-swings.html
  • #14
  • Feb 8, 2022 7:23am Feb 8, 2022 7:23am
There's an indicator, called "Weis Wave Volume with Alerts" on tradingview.
Works well
  • #15
  • Last Post: Mar 8, 2022 10:58am Mar 8, 2022 10:58am
If anyone is interested in trading with the Weis Wave indicator and nothing else. I'd like to discuss trade setups in a Telegram group. PM for info.
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