This course serves as one of the five mandatory courses required to complete your certification.
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 works well for calculating reward-to-risk ratios and helping traders stay with a winning trade through normal corrections.
In Part I of this two-course series, Bruce Fraser and Roman Bogomazov cover the basics of using Point-and-Figure charts to calculate price targets using Wyckoff’s unique horizontal counting approach. Bruce and Roman present the materials as case studies that start with a blank P&F chart and then, as the chart unfolds over time, they show you their step-by-step process for taking and projecting horizontal counts.
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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, Bruce and Roman cover:
- How to properly construct a Wyckoff-style Point-and-Figure chart
- Basic Wyckoff P&F count guidelines and modern applications
- P&F Phase Analysis to predict shorter- and longer-term price objectives for both long and short trades
- Using P&F counts in conjunction with bar charts to help time trade entries
Bruce Fraser, an industry-leading “Wyckoffian,” began teaching graduate-level courses at Golden Gate University (GGU) in 1987. Working closely with the late Dr. Henry (“Hank”) Pruden, he developed curriculum for and taught many courses in GGU’s Technical Market Analysis Graduate Certificate Program, including Technical Analysis of Securities, Strategy and Implementation, Business Cycle Analysis and the Wyckoff Method. For nearly three decades, he co-taught Wyckoff Method courses with Dr. Pruden, and has also used this approach to the markets as the foundation of his own trading for over 35 years. Bruce publishes a widely read blog at StockCharts.com, entitled “Wyckoff Power Charting” and co-hosts a popular, online weekly Wyckoff Market Discussion with fellow Wyckoff expert, Roman Bogomazov.
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. He is also the founder and President of Wyckoff Analytics, 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. 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.
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There is a very high degree of financial risk and loss involved in trading securities. You understand and acknowledge the existence of this risk and also that YOU ALONE ARE RESPONSIBLE FOR YOUR OWN TRADING AND INVESTMENT DECISIONS AND RESULTS. The materials presented and discussed in this online course are for educational purposes only; nothing contained therein should be construed as investment advice. Bruce Fraser and Roman Bogomazov (“Presenters”) are not registered investment advisors or broker-dealers and do not purport to recommend or suggest any specific trades or investments in stocks, bonds, e-minis, futures, options, currencies or any other financial instruments or markets. Presenters assume no responsibility or liability of any kind for your trading and investment results. It should not be assumed that any trades or investments described or discussed in this course were, are, or will be profitable.