StockMarketSynergy

Tom Williams was a syndicate trader (a member of Wyckoff's Composite Operator group - Smart Money) in Beverly Hills, California, USA, for 15 years in the 1960s-1970s. His professional experience gained a great impetus after reading what Richard D Wyckoff had to say on the subject of volume analysis in the early thirties.



Tom Williams was in a unique situation that allowed him to monitor the effects of the syndicate’s trading activity on the price chart. As a result, he was able to discern which resulting price gyrations derived from the syndicate’s action on the various stocks they were buying and selling. From the work started by Wyckoff, Williams further developed the importance of the price spread and its relationship to both the volume and the close.

He further developed Wyckoff's methodologies into his own more potent methodology - Volume Spread Analysis. His book "The Undeclared Secrets of the Stock Market" has often been referred to as "Wyckoff on Steroids!"

Tom Williams has been energetically applying his unique methodologies for the last 30 years to the Stocks, Forex and Futures markets. In 1993, Williams made his work available to the public when he published his methodology in a book. This book not only explains why moves occur but also how to recognize the underlying forces at work in the stock market.

To most people the sudden moves seen in the stock market are a mystery. Movements seem to be heavily influenced by news and appear when least expected; the market usually doing the exact opposite to what it looks like it should be doing, or that your gut feeling tells you it ought to be doing. Sudden moves taking place that appear to have little to do with logic -Bear Markets in times of financial success, strong Bull Markets in the depths of recession. Countries whose inflation rates make you shudder are making new highs in their indices. It seems a place for gamblers -or for those people that work in the City, or on Wall St -who must surely know exactly what is going on! This is a fallacy. If you can take a little time to understand this book, the heavy burden of confusion will be removed from you forever. The Stock Market is not difficult to follow if you know what you are looking at in the first place. You will understand exactly how the market works. You will know how a bull market is created, and also the cause of a bear market. Most of all you will begin to understand how to make money from your new-found knowledge.


He retired from professional trading to take up a number of commercial ventures. However, his real ambition was to help traders operate in a more informed way, and this idea formed the basis of his software development company. Tom has spent many years refining the signals in the product that now forms the TradeGuider Software System.


And some resources from StockJock:

TradeGuider - Best of Wyckoff - Wyckoff Rediscovered Conference
TradeGuider VSA Symposium - London
TradeGuider - Chart Reading MasterClass
VSA Club Tradeguider - Weekly Live Trading Sessions & Online Educational Events Archive
Live Trading Boot - Camps & VSA Workshops
TradeGuider Training Video Archive
TradeGuider Video Archive Of Public Events

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kubchaser

Has anyone tried "TradeGuider Software System" from Tom William? Any inpute on this?

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Magic

There's an ongoing (3/9/10) discussion about TradeGuider here.

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My Blog: Stock Market Magic
SDA Course: Stock Market SYNERGY

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larryfolson

I paid for his training course on VSA but I did not use the Soft ware. In my opinion, it is best to learn the principles VSA, (once you know how to fish, well you get it!)

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Owe no man noting but to love them. (I trade to give to the work of the gospel)

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kubchaser

Thanks for the info. I am very intrigued by this Smart Money concept. I have always believed that the "crowd" is reacting to SM's movement; hence the frenzy buying and selling.

I learned it the hard way over the last 2 months. Now I need a good system!! No more guessing and hoping things would turn out the way I want it (usually it is the opposite.. lol).

Tommy

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Magic

Welcome to IFT, Tommy.

I apologize that I don't have much time this morning for a comprehensive reply, but I will get to it this evening.

Meanwhile...

Are you trading now? If so, what and on what platform? If not, do you have any preferences like, indices, futures, options, forex; day trading, swing...???

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My Blog: Stock Market Magic
SDA Course: Stock Market SYNERGY

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kubchaser

After reading the VSA overview under the Free Trading Courses, I have a moment of epiphany! LOL I love psychology. My biggest shortfall is that I am a very impulsive person. It's just my personality.. very type A.. and want things done when I want it!

So the herd mentality really struck me as how I was following ups and downs.. getting murdered by my own greed and fear.

I have limited experience with stocks. I would like to stick with a financial instrument that doesn't require to monitor the screen every hour. I do have access to computer at work, so I would like to implement a strategy that will allow me monitor the market a few times a day. To answer you question, I would prefer swing to position trades.

I am not familiar with platforms. I am using HSBC InvestDirect (the bank's discounted brokerage account) in Canada. It is not very trading friendly.

Do you have any recommendation on which platform to use? (and that's compatible to North America?)

Thanks!

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Magic

I was the same way until I found out about VSA. It opened up a whole new world behind the charts.

Good, you're not another forex trader - too many here.

Of course, there are dozens of way to get what you want: from options to individual blue chip stocks and traders here at IFT doing well at each. I'm interested in the S&P emini futures because of the volatility, liquidity and the amount of info available on the background like the VIX, options, and the underlying.

I think the most recommended platform here would be Think or Swim. Here's David Waring's lesson on getting started using it (and there's a link to the demo).

Setting up Your ThinkOrSwim Stock Trading Platform

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My Blog: Stock Market Magic
SDA Course: Stock Market SYNERGY

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kubchaser

By the way, where is David Waring? Most of his videos are from 2008. I like David's teaching on the trading basics. I found him on youtube and it was him that led me to this site!

I will check out Think of Swim later.. thanks for the suggestion! Man, those free charts from yahoo and google just don't cut it!

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kubchaser

I am watching very closely on URI (United Rental) lately. I think based on VSA's theory, I have identified their movement!!

I am waiting to see if the price will break a strong resistance at $8.62 (unusually large volume back in mid-December). There is the Selling Climax in early February with a big red candle closed at $7.38. Then there's the last "shakeout" before the price took off from $7 to close above $7.50 on February 19; broke off the previous Preliminary Support). After the break-out, there is a series of Sign of Strength (SOS) and Last Point of Support (LPS) to peaked at $8.64.

Today's is particularly interesting as volume is fairly strong, but price fell off from the $8.62 resistance. Lot's of selling pressure from there.

I am waiting to see if this is a true break-out from trading range, or a continuation of trading range....

What should I do now? Enter a trade and create a tight stop-loss?

Any thoughts from the experts here?

Tommy

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