0605_Trading In the Shadow of the Smart Money.pdf

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   Copyright,  Legal  Notice  and  Disclaimer:    
 
 
 
 
 
Copyright  2011  By  Gavin  Holmes.  All  rights  reserved.  
 
This  publication  is  protected  under  the  US  Copyright  Act  of  1976  and  all  other  applicable  
international,  federal,  state  and  local  laws,  and  all  rights  are  reserved,  including  resale  
rights.  
 
No  part  of  this  publication  may  be  reproduced,  stored  in  a  retrieval  system,  or  
transmitted  in  any  form  or  by  any  means,  electronic,  mechanical,  photocopying,  
recording,  scanning  or  otherwise,  except  as  permitted  under  section  107  or  108  of  the  US  
Copyright  Act  of  1976,  without  either  the  prior  written  permission  of  the  publisher.  
All  charts  herein  are  provided  with  the  permission  of  TradeGuider  Systems  International  
(www.tradeguider.com)  
 
Limit  of  Liability  and  Disclaimer  of  Warranty:  The  publisher  has  used  its  best  efforts  in  
preparing  this  book,  and  the  information  provided  herein  is  provided  for  educational  
purposes  only.  The  publisher  makes  no  representation  or  warranties  with  respect  to  the  
accuracy  or  completeness  of  the  contents  of  this  book  and  specifically  disclaims  any  
implied  warranties  of  merchantability  or  fitness  for  any  particular  purpose  and  shall  in  
no  event  be  liable  for  any  loss  of  profit  or  any  other  commercial  damage,  including  but  
not  limited  to  special,  incidental,  consequential,  or  other  damages.  
 
Trading  Stocks,  Commodities,  Futures,  Options  on  Futures,  and  retail  off-­‐exchange  
foreign  currency  transactions  involves  substantial  risk  of  loss  and  is  not  suitable  for  all  
investors.  You  should  carefully  consider  whether  trading  is  suitable  for  you  in  light  of  
your  circumstances,  knowledge,  and  financial  resources.  You  may  lose  all  or  more  of  
your  initial  investment.  Opinions,  market  data,  and  recommendations  are  subject  to  
change  at  any  time.    
 
 
 
ISBN:    978-­‐0-­‐9836268-­‐0-­‐0  
 
 
 
 
2  
Trading
 
In  The  Shadow  of  the  
Smart  Money  
How  To  Understand  Market  Manipulation  
 And  Become  Profitable  By  Understanding    
How  To  Read  A  Chart  Like  The  “Smart  Money”    
By  Using  Volume  Spread  Analysis™  
 
 
 
 
By  Gavin  Holmes  
 
 
 
 
 
 
 
 
 
 
3  
CONTENTS  
 
ACKNOWLEDGEMENTS  
 
FOREWARD  
 
INTRODUCTION  
Background  To  Volume  Spread  Analysis  
 
CHAPTER  ONE  
The  Meeting  That  Changed  My  Life  
 
CHAPTER  TWO  
The  Game  On  Wall  Street  –  Market  Manipulation  
 
CHAPTER  THREE  
The  Smart  Money  And  The  Not  So  Smart  Money  
 
 
CHAPTER  FOUR    
Beware  Of  The  News!!  
 
CHAPTER  FIVE    
How  To  Read  A  Chart  Like  A  Professional  Trader  
 
CHAPTER  SIX  
The  Key  Principles  Of  The  
VSA  
Methodology  Part  1  –  Weakness  
 
CHAPTER  SEVEN  
The  Key  Principles  Of  The  
VSA  
Methodology  Part  2  –  Strength  
 
CHAPTER  EIGHT  
Developing  A  Trading  Plan  For  You  Using  Volume  Spread  Analysis  
 
CHAPTER  NINE  
The  Power  Of  Belief  In  Your  Trading  Plan  And  System  
 
CHAPTER  TEN  
Why  Retail  Traders  And  Investors  Lose  Money  
 
CHAPTER  ELEVEN  
Interviews  With  The  Experts  
Interviews  with  5  International  Wyckoff/VSA  Experts  
 
CHAPTER  TWELVE  
Some  Advice  From  The  Master  –  Tom  Williams  
 
 
 
4  
ACKNOWLEDGEMENTS  
 
 
 
So  many  people  have  helped  me  write  this  book,  and  by  doing  so  have  also  helped  me  
find  my  purpose  in  life!  I  could  fill  ten  A4  pages  with  their  names,  but  in  order  to  keep  
this  brief,  I  want  to  acknowledge  and  thank  the  following  people:  
 
Firstly,  my  heartfelt  thanks  goes  out  to  everyone  who  pushed  me  into  completing  my  
book.  The  project  eventually  took  over  two  years  to  complete,  but  was  a  very  worthwhile  
venture  indeed.  
 
Broadly,  I  would  like  to  thank  all  our  TradeGuider  customers  and  
VSA  
Club  members  for  
their  continued  support  and  encouragement  as  we  have  nearly  reached  our  tenth  
anniversary  in  business.  
 
 I  want  to  especially  thank  and  acknowledge  TradeGuider  customer,  Eric  Rivera,  for  
helping  us  to  program  TradeGuider  (v.3)  with  the  scanner  add-­‐in  that  Eric  worked  so  
hard  on.  This  was  launched  in  2008.    My  sincere  gratitude  is  extended  to  TradeGuider  
customers,  William  Donelson  and  Malcolm  Moos,  who  proof  read  the  book  and  made  
some  excellent  suggestions  and  grammatical  corrections  that  were  incorporated  into  the  
book.    
 
Thanks  and  acknowledgement  goes  to:    
   
VSA  
expert  and  fund  manager,  Philip  Friston,  for  all  his  tireless  work  in  helping  Tom  
Williams  write  the  new  
VSA  
dialogue  boxes  for  the  TradeGuider  software,  and  for  his  
contribution  to  the  TradeGuider  
VSA  
Club.    
 
VSA  
expert   Sebastian   Manby,   for   contributing   his   interview   for   this   book.  
~Wyckoff  
experts   Dr.   Gary   Dayton   and   David   Weis   for   contributing   their   interviews,   I   appreciate  
your  time  and  efforts  to  help  give  your  expert  opinions  to  assist  the  traders  and  investors  
who  read  my  book.  
All   the   great   traders   and   educators   I   have   met   who   have   worked   with   me   in   various  
projects   and   have   also   taught   me   a   great   deal,   including   Markus   Heitkoetter,   Todd  
Krueger,   Roy   Didlock,   Rob   Hoffman,   Gary   Fullet,   Philip   Friston,   Dr.   Gary   Dayton,   David  
Weis,   Professor   Hank   Pruden,   Bruce   Frazier,   Harvey   Loomstein,   Adrienne   Toghraie,   Brad  
Bedford-­‐Brown,  Bill  Wermine,  Martin  Wong  and  Nick  Radge.    
Paul  Avins  for  inspiring  me  in  the  early  days  to  take  massive  action  and  improve  my  life  
and  the  life  of  others!  
Big   thanks   to   Richard   Seegers,   a   dedicated   customer   of   TradeGuider   Systems.     Richard  
was   kind   enough   to   take   the   time   and   patience   to   help   thoroughly   edit   the   content   and  
grammar   of   the   book,   as   well   as   add   valuable   insight   to   the   list   of   the   book   topics.     Thank  
you  Richard  for  your  input  and  expertise.      
 
 
 
 
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