This class serves as one of the three elective courses required to complete your certification.
Wyckoff’s Law of Cause and Effect forms the foundation for his exceptional method of estimating price objectives using Point-and-Figure (P&F) charts. The underlying concept is deceptively simple, with the Cause equaling the horizontal P&F count in a trading range, which in turn generates an Effect or price target from the resulting trend. To obtain consistently reliable results with Wyckoff P&F charting, however, traders need a systematic approach, with guidelines that accommodate differences in trading range structures and timeframes.
We provided just such an approach, including some advanced and relatively new refinements, in our prior Point-and-Figure courses, which are among the most popular of all our on-demand courses. Point-and-Figure Part III, was developed in response to many student requests for additional applications of this remarkably versatile tool.
The course will include a review of some P&F fundamentals, followed by more advanced techniques. Although there is no prerequisite for Point-And-Figure Part III, we recommend that students also take Part I and Part II.
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Point-And-Figure Part III
Developing a systematic approach to trading using Wyckoff Point-and-Figure Charts
During the first session, we will review and expand on the materials presented in our prior courses, including how to:
- Construct Wyckoff P&F charts using the StockCharts.com platform.
- Identify the correct count line in different trading range configurations (i.e., upsloping and down-sloping TRs as well as traditional horizontal consolidations).
- Apply refined horizontal P&F count guidelines to project price target zones, including how and when it’s appropriate to re-do counts and sequentially incorporate P&F phases.
- Determine when to use 1-box vs 3-box vs 5-box reversal techniques.
- Create and properly employ modified counts (using average true range and user-defined as well as traditional box sizes) and different scaling.
- Anticipate confirmation of projected price targets and resumption of a trend through stepping-stone counts.
- Take counts and project downside targets during distributional trading ranges, including critical differences in counting conventions and trading tactics in relation to accumulation.
- Contextualize Wyckoff’s Law of Cause and Effect to help you understand how and why this seemingly “magical” P&F technique produces such consistently accurate projections in any timeframe.
In the second session, we will apply the materials from Week #1 to illustrate:
- The usefulness of intraday P&F counts in short-term swing trading and in reliably anticipating near-term price movement on longer timeframes.
- Trading tactics throughout an entire trend based on long-term campaign counts.
- Refining timing and trade management from swing P&F (confirming) counts.
- Tape reading and trading off P&F charts – this is all-new content not available anywhere else, which should be particularly valuable for short-term traders.
In our Wyckoff Market Discussions, many students have asked about Bruce’s cutting-edge P&F analyses of individual securities and market breadth. In this session, we will present how to incorporate these methods into your trading. Specifically, we will demonstrate, step-by-step, how to:
- Utilize P&F as a convincer strategy in assessing a security’s relative strength in relation to any other market, including its peers, sector, industry group and the overall market.
- Apply and interpret percentage-scaled box sizes, which are particularly valuable in comparing multiple instruments.
- Evaluate the overall status of any market using Bruce’s adaptation of the Bullish Percentage, an indicator based on P&F charts of the components of any index.
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.
We will send the URL and password for the class webpage to the email address you used for the PayPal checkout. If you would like to use a different email address for class communications, notify us at [email protected].
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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.