Among Richard Wyckoff’s many contributions to technical analysis is his unique method of estimating price targets using his Second Law of “Cause and Effect,” in which the horizontal Point and Figure (P&F) count in any trading range represents the Cause and the subsequent trending price movement the Effect. Like many other phenomena in trading, Wyckoff’s Second Law is fractal, and can be profitably deployed in any time frame.
In Part II: Projecting Point-and-Figure Price Targets Across Multiple Time Frames, Bruce Fraser and Roman Bogomazov provide detailed instructions on how to create and use Wyckoff-based P&F charts to estimate realistic price targets. Anyone who has seen Bruce’s P&F analyses knows how, when properly done, this technique can identify future price objectives with uncanny accuracy.
This course builds on the methodological foundations presented in our on-demand P&F Part I: Setting Price Targets Using Wyckoff Point-and-Figure Projections. However, Part II is based on entirely new material. Bruce and Roman present several of their advanced refinements of this technique, including some that they have never made public before. Traders who purchased Part I will gain new practical insights as well as a much deeper understanding of this approach.
Each of the three sessions in Part II is devoted to a specific time frame:
~Long-term campaigns [months to years],
~Swing trades [weeks to months], and
~Intraday [hours to days]).
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, show you their step-by-step process for taking and projecting horizontal counts.
In this webinar series, they demonstrate -- for the first time -- how to analyze the directional bias of a trading range based on P&F analysis alone, as well as how to enhance the quality of your P&F analysis by incorporating trading volume. They introduce new concepts through the case studies, and revisit the fundamentals of P&F horizontal counting, including how to:
~Create and annotate Wyckoff-style P&F charts
~Correctly identify the count line in a variety of trading range configurations
~Designate P&F phases sequentially and project price targets from each
~Anticipate the resumption of a trend based on confirming counts of re-accumulation and re-distribution trading ranges
~Manage trades once price approaches P&F-based price targets
There is no prerequisite for Part II: Projecting Point-and-Figure Price Targets Across Multiple Time Frames, but we highly recommend that you start your P&F education with the on-demand P&F Part I: Setting Price Targets Using Wyckoff Point-and-Figure Projections.
Each of the three videos in Part II 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!
For more information about the Point-and-Figure series, please watch the short introductory video below.
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".