This class serves as one of the five mandatory courses required to complete your certification.
Wyckoff Analytics is delighted to welcome back our colleague and fellow Wyckoffian, Gary Fullett! Always a lively and enthusiastic speaker, Gary will be presenting one of his favorite topics: how he applies the Wyckoff Method to tape reading.
The term “tape reading” refers to a bygone era when traders identified order flow in stock transactions from a continuous stream of price and volume quotes printed on a paper “ticker tape.” Knowledgeable tape readers could “see” buying and selling pressures created by large market operators and anticipate which direction prices were headed.
Electronic bar charts allow tape readers today to better visualize and exploit order flow than in the past. Gary is one of the most skilled and experienced practitioners of this art; we are very fortunate in that he intends to present his entire approach to tape reading with Wyckoff.
Using The Wyckoff Method
Apply the three principal Wyckoff laws — (1) Supply and Demand, (2) Effort vs Result, and (3) Cause and Effect — to tape reading. He will particularly emphasize Effort vs Result, which is arguably the most important analytical tool for evaluating institutional market operations and intentions, and for planning or revising your trading tactics accordingly.
Select trades based on Tape Reading. He will show how to analyze and take advantage of specific Wyckoff market structures with tape reading techniques, allowing more precisely timed entries and exits. Gary will demonstrate those points on the chart landscape where a deep understanding of price and volume behavior can give traders a critical edge, as well as when and where these considerations are of less importance.
Use Tape Reading in the context of strength or weakness of markets. This discussion will cover how and why certain markets tend to lead or lag. Gary will illustrate how to identify and interpret when large institutions are probing the market for a pending move as they accumulate or distribute their positions, and how to capitalize on this information.
Gary Fullett has been involved in the commodities markets since 1981, when he started as a runner for the Lind-Waldock brokerage (now MF Futures). Observing order flow, price action and volume on the trading floor, he soon discovered and taught himself the trading principles and rules articulated by Richard Wyckoff, developing such technical skill that professional traders sponsored Gary in a CME S&P 500 seat in the mid-1980s. Leaving the trading floor after several years, he traded for several other firms and individuals, eventually founding his own commodity brokerage firm – LTG-Trading, LLC – in 1995. Since then he has taught the Wyckoff Method to thousands of traders, been an invited speaker in many forums, and co-taught seminars with renowned Wyckoff expert, David Weis.
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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. Gary Fullett 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.