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Setting Price Targets Using Wyckoff Point and Figure Projections

Archive : Setting Price Targets Using Wyckoff Point and Figure Projections

Wyckoff Analytics Video Course Offering:

Setting Price Targets Using Wyckoff Point and Figure Projections

Legendary trader and educator Richard Wyckoff based his investment decisions primarily on analysis of market structure, supply and demand, and comparative strength. A final, critical component of Wyckoff’s trade selection and management was his unique method of identifying price targets using Point and Figure (P&F) projections.

In this special three-part video series recorded in May 2015, Roman Bogomazov and Bruce Fraser, both nationally recognized experts who teach Wyckoff trading and investing at Golden Gate University, explore in depth how to use Wyckoff’s P&F methodology to estimate price objectives for both long and short trades. Starting with Wyckoff’s fundamental law of Cause and Effect, where the P&F count within a trading range represents the Cause and the subsequent price movement the Effect, Roman and Bruce cover:

How to construct a Wyckoff-style P&F chart
Basic Wyckoff P&F count guidelines and modern applications
P&F Phase Analysis to predict shorter- and longer-term price objectives
Using P&F counts in conjunction with bar charts to help time trade entries

Each video has an accompanying handout of the slides used in the presentation. These can be printed out to to take notes on as you watch the videos. You will have one full year from the date of purchase to view and review the videos!

Click here to purchase this course for $299!

Disclaimer:
The materials presented in this P&F video course are for educational purposes only and should not be construed as investment advice. Roman Bogomazov and Bruce Fraser (“Presenters”) are not registered investment advisors or broker-dealers and do not purport to recommend which securities individuals should buy or sell. You understand and acknowledge that there is a very high degree of financial risk involved in trading securities. You alone are responsible for your trading and investment decisions. Presenters assume no responsibility or liability of any kind for your trading and investment results. It should not be assumed that investments in or trading of securities, options, futures, ETFs, companies, sectors or any other markets identified and described in this course were, are or will be profitable.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Setting Price Targets Using Wyckoff Point and Figure Projections