Trades About to Happen: A Modern Adaptation of the Wyckoff Method
$18.28
| Author(s) | |
|---|---|
| Pages |
206 |
| Format |
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| Published Date |
2013 |
In Trades About to Happen, veteran trader David Weis explains how to utilize the principles behind Wyckoff’s work and make effective trades with this method. The purpose of book is to show how one can logically interpret bar charts and wave charts to find trades about to happen.
Author’s Introduction:
In the studies that appear throughout this book, we will:
– Compare effort of the buying or selling with the reward (i.e., volume versus upward or downward progress).
– Watch for ease of movement or lack of movement (i.e., wide price bars versus narrow price bars).
– Consider the meaning of the close within the range of a price bar.
– Watch for shortening of upward or downward thrust.
– Watch for follow‐through or lack of follow‐through after penetrations of support/resistance (this includes the notion of springs and upthrusts).
– Watch for tests of high‐volume or “vertical” areas where price accelerated upward or downward.
– Consider the interaction of price with trend lines, channels, and support/resistance lines, which often highlight the price/volume story.
In the second half of this book, I will introduce adaptations I have made to Wyckoff’s original tape‐reading tools, which are better suited for the enormous volatility of today’s stock and futures markets. These can be applied to intraday and daily price movement, and software has been created for use in real time. After reading this book, I guarantee you will never go back to the previous way you viewed charts. I have no secrets and will teach all I know about Wyckoff and price/volume behavior. Confucius said: “A true teacher is one who knows (and makes known) the New, by revitalizing the Old.”
Contents:
- Where to Find Trades
- Drawing Lines
- The Story of the Lines
- The Logic of Reading Bar Charts
- CSprings
- Upthrusts
- Absorption
- Chart Studies
- Tape Reading Part I
- Tape Reading Part II
- Point & Figure and Renko
Trades About to Happen: A Modern Adaptation of the Wyckoff Method By David H. Weis pdf
16 reviews for Trades About to Happen: A Modern Adaptation of the Wyckoff Method
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Kaylie Hines (verified owner) –
deep explanation on price and volume analysis
Julia Burton (verified owner) –
Very disappointed how very subjective the examples were presented. I appreciate how other authors has explained and incorporated Wyckoff’s methods much better. I did not like the writing style either.
Melina Pennington (verified owner) –
Very good book thank you
Ayaan Coleman (verified owner) –
I trade/short term invest small cap companies succesfully, based on recurring patterns, backed by fundamentals. These patterns are described by Wyckoff as accumulation, markup, distribution and markdown phases. The most challenging part is to find the companies with these patterns. The method works so well that I want to know if someone else, besides Wyckoff educate people on the beauty of Wyckoffs method in the 21 first century. My experience with reading trading books is that it is largely there to spread disinformation knowingly or unknowingly. This book has again supported my suspicion that this might be happening. You will not be a better trader after reading this book. The only book I really liked was Wyckoffs original Studies in Tapereading because it confirmed at least that someone have used a method similar to mine succesfully. After you know these patterns I have mentioned, go look at small cap companies with lots of potential and you will see patterns that recur quite often. The trick is then to learn how to trades these patterns.
Madeleine May (verified owner) –
You can think of markets as being moved by a “composite operator”, or a single large individual trying to ruin all the little investors for his own personal gain. Whether this is true or not, looking at markets in this aspect works either way.
This book doensn’t really go into this theory, but it does tell you where to buy and sell, and where to put your stop losses to keep yourself from getting wrecked by the market makers. It tells you how the market makers move the price around, and how to benefit from riding their coat tails by putting your buy orders where others put their sell orders.
Seriously, you won’t look at markets the same way anymore by the end of the book.
Zander Gates (verified owner) –
definitive work on subject
Uriel Fuentes (verified owner) –
If you’re a Wyckoff student, you need this. If you relish indicators, seek cookie cutter setups, need black & white mechanicals – this books is not for you, and neither is Wyckoff. Wyckoff Method is discretionary, subjective, time consuming, and like the markets themselves sometimes ambiguous. Weiss gives superb instruction on springs and upthrusts – those chapters alone make this book a gem. But he goes so much further discussing tape reading and Renko and their applications within the Wyckoff framework. If you’re a committed Wyckoffian, you’ll read, study, highlight and dogear this book many times, and it will benefit your trading and your P&L.
Maddison Greene (verified owner) –
If you are looking for advanced Wyckoff Method training, go further than than this book and the writings of Richard Wyckoff. This book is guarantied to make you a lot of money. The keys to the kingdom that you were looking for is found it the pages of this book. Enjoy!
Griffin Lugo (verified owner) –
if there is one book you must read, this is it ! but you have to understand what the book mean to say ! this is the core principle and if you don’t get it, you will never trade well. I love this book
Cora Huang (verified owner) –
I’ve read a lot of trading books over the years and this is One of the few that have actually helped me make money. Not for position on longer term swing traders but after reading it a couple of times It’s taught me to look for low risk, short 2-3 day swings that regularly run 5-10%. I can honestly say I’ve grown my account since reading this book.
Noor Brown (verified owner) –
Dont listen to what the other reviewers are saying negative, if you spend time with this book you will know, i know quite a few hedge fund managers who consider this a bible, pretty much this travel with me every country around the world, you probably will have to read it atleast 3 to 4 times back and forth, the wyckoff method is not easy and takes time to learn, most reviewers are expecting a book that says buy here and sell here 😌, i am pretty sure the negative comments are from loosing traders who think indicators or looking for the holy grail, trading is about having market knowledge and understanding the chart, i am successful without using not one indicator on my chart, i also did take classes with david when he was alive,
Elijah Mendoza (verified owner) –
Exactly what I was looking for. The content is brilliant. You need to be smart to read it, but that’s the way it should be. This shouldn’t be for beginners/what is apple, this is for people who Want to learn. I’ve learned a lot from this book and anything less than 5 starts probably means the reviewer wanted their hand held in a “one book become rich easy read” buy.
Mekhi Valencia (verified owner) –
I was expecting a better book for the price. I was very disappointed. There is much more information available for free on the Internet than what was contained in this book. Do not waste your money.
Julian Shepard (verified owner) –
This book was written for Bar price trader. It’s not for Candle stick trader.
Barbara Kent (verified owner) –
It was kind of difficult to read for me cause it was my first trading book. After several trading books I read, I still go back to this book. It helps to understand the reason behind a price action.
Lyla King (verified owner) –
“Trades About to Happen: A Modern Adaptation of the Wyckoff Method” by David H. Weis is a valuable addition to any trader’s library. The book provides a clear and concise explanation of the Wyckoff Method, which is a time-tested approach to trading that has been used for over a century.
The author does an excellent job of simplifying the Wyckoff Method for modern traders, making it accessible and easy to understand. He breaks down the concepts into manageable pieces, with clear explanations and helpful diagrams that illustrate each step of the process.
One of the standout features of this book is its focus on short-term trading. Weis provides a wealth of practical advice and specific examples that show traders how to apply the Wyckoff Method to short-term trading situations. He covers topics such as identifying short-term trends, analyzing price action and volume, and using technical indicators to confirm trends and identify entry and exit points.
Another strength of the book is Weis’s emphasis on the importance of patience and discipline in trading. He stresses the need for traders to wait for the right opportunities and to avoid impulsive trading decisions. He also provides helpful tips on risk management and trade management, which are critical to success in trading.
Overall, “Trades About to Happen” is a highly informative and practical guide to the Wyckoff Method. Whether you are a seasoned trader or a beginner, this book offers valuable insights and strategies that can help you improve your trading skills and achieve greater success in the markets. I highly recommend it to anyone looking to learn more about this time-tested approach to trading.