On-Demand Courses Study with Experts
Product Catalog The Complete Guide
join-popup-image

Receive all the latest news from Wyckoff Analytics! Weekly notifications about upcoming events, as well as market updates, newly posted articles and videos, delivered straight to your inbox.


By submitting this form, you are consenting to receive marketing emails from: Wyckoff Analytics. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Wyckoff Analytics is committed to protecting your privacy. We do not sell, lease or otherwise provide your personal information to anyone, ever. You can unsubscribe at any time from this list.

Henry O. Pruden Certificate
of Proficiency in the Wyckoff Method
Please complete the information below
And let us know what classes you have taken:
5 MANDATORY COURSES
3 ELECTIVE COURSES
Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
Swing Trading Using The Wyckoff Method
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
High Probability Wyckoff Trade Setups
Trading Technical Analysis Signals
Momentum, Volume And Price Structure
Mastering Intraday Flow Analysis and Trading Strategies
Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
Swing Trading Using The Wyckoff Method
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
High Probability Wyckoff Trade Setups
Trading Technical Analysis Signals
Momentum, Volume And Price Structure
Mastering Intraday Flow Analysis and Trading Strategies
Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
Swing Trading Using The Wyckoff Method
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
High Probability Wyckoff Trade Setups
Trading Technical Analysis Signals
Momentum, Volume And Price Structure
Mastering Intraday Flow Analysis and Trading Strategies
SUCCESS
Your information has been submitted
1/19
2021
Rules Based Trading Plan Rule #1 - Category: Selection
by Frantz Herr

First a word about my post-analysis methodology.  It is the process followed in the Anatomy of a Trade series of YouTube recordings that Roman Bogomazov and I record each week.  You can find them here: https://www.wyckoffanalytics.com/wyckoff-video-blog/

 

The first rule of my Trading Plan was put in place as a result of trades I took last August (2020) in SQQQ, a leveraged ETF that moves inversely to the QQQ’s.  I am not including the chart because the important thing about these trades is that they were not aligned with either of the instruments I normally trade.  I was trading on a whim without any sort of plan.

 

Here is the post-analysis summary:

 

 

The rule that resulted from this post-analysis deals with Selection.  It became my Rule #1.  There are two types of instruments that I am currently trading.  I have a Trading Plan in place for each of them that has involved a significant amount of development, including thorough back-testing.  Having this written rule keeps me from straying from the path.

 

 Rule #1 – Selection – No new position may be taken for any instrument or strategy that does not have a completely developed Trading Plan in place.

 

 Previous Post
Using Post-Trade Analysis to Create a Rules Based Wyckoffian...
X
Update your advertising tracking preferences