Presenters: Roman Bogomazov and Bruce Fraser, USA
Note: The first 9 minutes of the video is not available. We apologize for the inconvenience.
About the Presentation
This is the final session in a three-part series on the Wyckoff Method presented by Bruce Fraser and Roman Bogomazov, two nationally recognized experts who teach the Wyckoff Method of trading and investing at Golden Gate University in San Francisco. Previously they described basic market analytical and trading practices developed by legendary chartist and trader Richard D. Wyckoff, and illustrated in a detailed case study how these techniques can be applied using bar charts. On May 4th, they will discuss the critical role that Point and Figure (P&F) charts also play in the Wyckoff Method with respect to trade selection, timing and management.
During this presentation, Bruce and Roman will demonstrate how to:
- Construct a Wyckoff-style P&F chart;
- Apply Wyckoff P&F count guidelines to estimate price targets and reward/risk ratios of potential trades;
- Analyze phases on P&F charts to predict short- and longer-term price objectives;
- Time entries to coincide with a stock’s readiness to move out of a trading range;
- Use “stepping stone” consolidations to confirm price targets and identify when a prior trend will resume; and
- Combine P&F and bar chart analysis to refine trade entries and exits.
These applications of P&F charts are unique to the Wyckoff Method, and provide an exceptionally informative complement to bar chart analysis. Traders of all levels of skill and experience will benefit from and enjoy this presentation.