Legendary trader and educator Richard Wyckoff based his investment decisions primarily on analysis of market structure, supply and demand, and comparative strength. A final, critical component of Wyckoff’s trade selection and management was his unique method of using Point and Figure (P&F) charts both to identify realistic price targets and to improve timing of entries and exits. This technique is also great for calculating reward-to-risk ratios as well as helping traders stay with a winning trade through normal corrections.
“Setting Price Targets Using Wyckoff Point and Figure Projections” is Part I of our two courses on this methodology, both of which are taught by veteran Wyckoff Method trader-educators Roman Bogomazov and Bruce Fraser. In Part I, they explain how to use Wyckoff’s P&F approach to estimate price objectives for both long and short trades. Starting with Wyckoff’s fundamental law of Cause and Effect, where the P&F count within a trading range represents the Cause and the subsequent price movement the Effect, Roman and Bruce cover:
- How to construct a Wyckoff-style P&F chart
- Basic Wyckoff P&F count guidelines and modern applications
- P&F Phase Analysis to predict shorter- and longer-term price objectives
- Using P&F counts in conjunction with bar charts to help time trade entries
Each of the three videos in Part I has an accompanying handout of their slides, which can be printed out to allow you to take notes on as you watch the presentations. You will have one full year from the date of purchase to view and review the videos!
Thank you for purchasing this course! If you have any questions or comments please email WyckoffAssociates@gmail.com
About the presenters:
Roman Bogomazov is a trader and educator specializing in the Wyckoff Method of trading and investing, which he has taught for the last five years as an Adjunct Professor at Golden Gate University in San Francisco. He is also President of Wyckoff Associates, LLC, an enterprise providing online Wyckoff Method education to traders throughout the world (www.wyckoffanalytics.com). Using WyckoffAnalytics.com as a thriving trading community platform, Roman has developed a comprehensive educational curriculum covering basic to advanced Wyckoff concepts and techniques, as well as visual pattern recognition and real-time drills to enhance traders’ skills and confidence. In the last 3 years alone, Roman has conducted over 700 classes and presentations, and has taught collaboratively with many Wyckoff experts and traders. Roman is considered a teaching authority on the Wyckoff Method by traders around the world. A dedicated and passionate Wyckoffian, he has used the Wyckoff Method exclusively for his own trading for the last 20 years. Roman has also served as a Board Member of the International Federation of Technical Analysts and as past president of the Technical Securities Analysts Association of San Francisco.
Bruce Fraser has taught graduate courses in Technical Analysis at Golden Gate University since 1987. Along with the late Dr. Hank Pruden, he developed curriculum for and taught many courses in the Technical Analysis Graduate Certificate Program, including Technical Analysis of Securities, Strategy and Implementation, Business Cycle Analysis and the Wyckoff Method. He has been a devoted Wyckoffian for the past 35 years, using this method as the foundation for his trading and investing. Bruce publishes a popular educational blog at StockCharts.com, entitled "Wyckoff Power Charting".
The materials presented in this course are for educational purposes only. Roman Bogomazov and Bruce Fraser (“Presenters”) are not registered investment advisors or broker-dealers and do not purport to recommend any securities or other financial instruments that individuals should buy or sell. You understand and acknowledge that there is a very high degree of financial risk involved in trading securities and that you alone are responsible for your trading and investment decisions. Presenters assume no responsibility or liability of any kind for your trading and investment results. It should not be assumed that investments in or trading of securities, ETFs, options, futures or any other markets identified and described in this course were, are or will be profitable.