Pnltrading – Wyckoff Simplified
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An intensive course for anyone that wants to learn or advance their Wyckoff knowledge.
There are clear examples of each Wyckoff principles in the videos that are about 30 Minute in duration (some more).
The purpose is to show examples of current markets with chart examples that show edges and Wyckoff principles.
6) Effort vs. result a very important principle of Wyckoff and how to use it to exit a trade or put a trade on.
7) Where to spot a trend change or a change of behavior.
8) Risk management.
9) Reverse trend lines how to draw them and their significance.
10) Wyckoff from the eyes of a floor trader.
1) Trading range.
2) Distribution, selling tails, accumulation, buying tails.
3) Lps(last point of support) and Lpsy(last point of supply).
4) Where to buy where to sell and where NOT to enter traders.
5) Springboard and reverse springboards.
Richard Demille Wyckoff
He also founded and, for nearly two decades wrote, and edited The Magazine of Wall Street, which, at one point, had more than 200,000 subscribers. Wyckoff was an avid student of the markets, as well as an active tape reader and trader. He observed the market activities and campaigns of the legendary stock operators of his time, including JP Morgan and Jesse Livermore. From his observations and interviews with those big-time traders, Wyckoff codified the best practices of Livermore and others into laws, principles and techniques of trading methodology, money management and mental discipline.
(1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill. At age 15, he took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the head of his own firm.