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This is how I see it. Haven't gone through the whole thread yet, but I suspect similar charts have been posted before. |
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Unfortunately, the thread may already be too long. It's unreasonable to expect newcomers to plow through hundreds of posts, many of which may not even be especially pertinent. Splitting all of this into multiple threads is a possibility, particularly if its popularity continues (it's become the most-viewed thread in the TA forum, after
VSA).
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I've circled a setup from my early days. Upthrust (or a shooting star in candlestick analysis) at potential resistance. High volume too, if you plot it. Doesn't this constitute as a short signal as per VSA? |
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Given the several varieties of
VSA, I really can't say. However,
VSA and Wyckoff have little to do with other.
VSA is about bars; Wyckoff is not.
VSA also takes an entirely different view of the market environment than Wyckoff does. This is not unlike the difference between those who obsess over candlestick patterns and candlestick names and candlestick shapes and those who see candlesticks as illustrations of market dynamics and price flow.
Wyckoff would have you "ride the wave". As long as you got in at the correct point, you'd ride the trend until it was broken, or at least changed its character. If you didn't get in at the correct point, you'd still have to be aware of it and determine any subsequent entry based on where that correct entry was, then trade as though you were pyramiding. The market doesn't know whether or not a trader missed the correct entry and couldn't care less. Thus the landscape doesn't alter itself for him just because he wasn't around when the low-hanging fruit was ripe for the picking. Entering later also carries implications for the width of the stop, and though one may feel like a Grade A putz for having missed the correct entry on a trend day, standing aside may be the best option for the account balance.