Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

winnie

Wyckoff Resources

Recommended Posts

Is anyone could tell me where I could get some information on Mr.Richard Wyckoff method ?

Any books or web site about it ?

Thanks for your kind help

Edited by DbPhoenix

Share this post


Link to post
Share on other sites
Guest SSTEVE

For what it's worth, google books has a few copies of "the ticker" and "wall street magazine" available for free download.

Share this post


Link to post
Share on other sites

The original course is available from the Library of Congress (it was never put into book form, as was common back then with regard to courses, which is why so many of them are lost to us) and has been uploaded here.

 

The basics of the basics are provided here in the stickies. The core of the course, to me, is Section 7 (below). Therefore, regardless of what you decide to do with regard to the entire course, I suggest you read the first stickie, Wyckoff Lite, to become at least acquainted with the underlying concepts.

 

A great deal of what has been written about Wyckoff, particularly during the resurgence of interest in the "classics" over the past decade or so, is at best inaccurate and at worst blatantly untrue. Many traders will tell you, for example, that they are "Wyckoff traders" simply because they've decided to incorporate "volume" into their trading, and that by doing so they are employing the "Wyckoff Method". Volume, however, as you will learn, is only a part of the approach and isn't even necessary to applying it. You will also come across a wide range of approaches that claim to be "based on Wyckoff". However, since nearly all of what's been written with regard to technical analysis over the past hundred years is based on either Wyckoff or Schabacker, this claim doesn't mean a great deal. If you want to know what is legitimately Wyckoff, it makes sense for you to study Wyckoff himself, not what I nor anybody else says about him. In this way, you can build a conceptual framework for trading and investing that is uniquely yours.

Wyckoff Analysis 1930-31.pdf

Edited by DbPhoenix

Share this post


Link to post
Share on other sites
A great deal of what has been written about Wyckoff, particularly during the resurgence of interest in the "classics" over the past decade or so, is at best inaccurate and at worst blatantly untrue.

 

So very true ... As in most areas of life, most folks never take the time to read the original thinker, and instead take watered down derivitive thinking for the real thing.

Share this post


Link to post
Share on other sites

Someone converted the bars for "Analysis of 1930-31 charts" into csv form. It makes going through the PDF much easier when you can draw trendlines, volume at price etc. using your own charting package. Hope this helps.

 

Here is the file, thanks should go to the person at Yahoo.wyckoff who did the conversion though.

WyckoffSection7chart.xls

Edited by DbPhoenix
Combine posts

Share this post


Link to post
Share on other sites

I created that file almost 10 years ago. It took some judgment and lots of time to extract the H,L,C and Volume, but I did my best. Please note that I doubled the Volume on the Saturday sessions.

 

I'm glad you posted it here because I was about to do it myself. Also for my own use (not in the file referenced here), I added some "price data filler" in the beginning to allow a chart window to be open full size and start the data scrolling with out messing up the scaling.

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

This is a tool I find very useful to study pictures of charts, like in forums or PDF documents, to see which volume bar belongs with which price bar, hence the reason I posted it in this section.

 

It is free, and I use a programmable button on my mouse to activate it.

 

http://www.mlin.net/CrossHair.shtml

 

It can use a lot of CPU time if you wave it around the screen a lot, but that is not what I enable it for :-)

 

From what I understand it not actually a mouse cursor but a picture of a cross with a clear background that is bigger than your screen dimensions, [something an actual mouse cursor can not do] hence the CPU usage while waving it around.

 

There is another program that will allow you to adjust how often the crosshair updates but it is shareware so I better not post a link, I'll just tell you it's called Exact Mouse 2.0

 

Dean.

CrossHair.thumb.jpg.fdca3d0e4d1a1a09811846b911112940.jpg

Share this post


Link to post
Share on other sites

I am starting to try and look at the market in more of a Wyckoff way using end of day prices. This is because this is the way I want to trade in the future after the market closes and not get too emotional during the live prices. To help me in my learning process I have been slowly going through the posts in this forum, especially the stickies and trading the Wyckoff way. My question is this, is there any software out there that allows you to go backwards and run the daily charts without seeing the right hand side. So I could go back to the start of 2009 and reveal each day at a time on the chart and see how I get on. I know I could just create a chart and hide the prices but I thought it would be more fun and more realistic to do it without seeing the info at all.

 

Cheers

Lee

Share this post


Link to post
Share on other sites

Sierra Charts offers replay. There are other charting programs which offer it as well, but I have no experience with them. Replay is particularly effective since one can link charts of varying timeframes and bar intervals into one viewing.

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

I'm not one to make a habit of bumping old threads, but based on earlier discussion, this is clearly the best place to post a link to the original Wyckoff course: The Richard D Wyckoff Method of Trading and Investing in Stocks: A Course of Instruction in Stock Market Science and Technique.

Wyckoff - Course.pdf

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

Hi,

 

I'm a huge price action fan and recently discovered this Wyckoff forum.

 

I've purchased db's ebook (Fantastic btw) and I now wish to study more of Wyckoff's original material.

 

I was wondering if some more experienced people would share a summary of which books to start and finish with.

 

Thanks

Edited by DbPhoenix
Link added

Share this post


Link to post
Share on other sites

Db sums up most of what you need to study, for if you are interested in price action then the best way is to study the action itself as it unfolds and record what you see and think. Once one understands highs , lows, trading ranges, first class divergences, swings, he/she can begin to develop a trading plan. If there was one author I would rec , it would be Justin Mamis, he has a trilogy. There are gems in there and then there is stuff that no longer applies to give one an edge. Db also recommends that one look at the sectors(XLF,XLE,etc) Indu, Trans, and Util. That is unless he has changed :)

 

erie ( always looking for something new to learn )

Share this post


Link to post
Share on other sites
Guest xevian
Hi,

 

I've purchased db's ebook (Fantastic btw) and I now wish to study more of Wyckoff's original material.

 

Thanks

 

I would be interested in db's ebook, can you please post the ebook name and link to where you purchased the book?

 

Thanks.

Share this post


Link to post
Share on other sites

I don't know this guy, and cannot vouch for him. But for some reason a while back I was looking into ordering this book, and I was looking for reviews too and came across this:

 

[ame=http://www.youtube.com/watch?v=BhUj8M0uqno]YouTube - Book Review - Charting the Stock Market: The Wyckoff Method by Jack K. Hutson[/ame]

Share this post


Link to post
Share on other sites

I didn't see these posted anywhere so I thought I would add them here. These are links to downloads from Google Books and are probably old news, so my apologies if they are redundant.

 

Studies in Tape Reading, 1910 edition : Studies in tape reading - Google Books

The 1910 edition is very much like the version originally published in the Ticker magazine articles in 1908--1909.

 

Studies in Tape Reading, 1916 edition : Studies in tape reading - Google Books

Somewhat revised from the 1910 edition, this is the version most common today.

 

The Business of Trading in Stocks, "B" (John T. Brand), 1917 : The business of trading in stocks - Google Books

This book was written by an old fellow who by 1912 had traded from the tape for 30 years. He describes his approach to managing trades with an emphasis on controlling risk, and he talks about general price behavior, but not about tape reading itself. One interesting aspect is that he said he expected to double the size of his trading account every year---this was during the time that Livermore couldn't make a living trading. Although not written by Wyckoff, it revolves around many of Wyckoff's principles. Originally published in serial form in the Magazine of Wall Street from 1912 to 1914.

Share this post


Link to post
Share on other sites

I found a new book:

 

Richard A Dickson & Tracy L Knudsen: Mastering Market Timing. Using the Works of LM Lowry and RD Wyckoff to identify Key Market Turning Points, 2011

 

(@ freebookspot.be)

 

It is best suited for the long term investor.

 

W

Share this post


Link to post
Share on other sites

I have been trading for a few years now and recently decided to throw all my indicators out the window and start really to analyze the market. I am really interested in the Wyckoff method and even went as far as purchasing and reading the entire ebook that DB Phoenix made available.

What I am looking for is someone that is trading a similar style and maybe even the same market that I trade (crude oil) to help one another move forward and bounce ideas off. I am not looking for a trading buddy to help make calls but simple to spend a couple hours a week going over charts and talking concepts and so forth.

 

I am not sure if this is the right place to post this but I am sure there is someone else out there that would find this of great help and were we can both benefit from this.

Share this post


Link to post
Share on other sites

Hi Quantumtrader!

 

Same to me, Now i am only use Wyckoff method for my trading and analyst, hope we can discuss and share to hepls each other go ahead.

 

I am not trading crude oil but i have to analyze it because my boss requirement.

Share this post


Link to post
Share on other sites

The original course had two parts. One, The Richard D. Wyckoff Method of Trading and Investing in Stocks: A Course of Instruction in Stock Market Science and Technique is uploaded here (as most know by now). The second part is a 97-page document entitled The Richard D. Wykcoff Method of Trading in Stocks: A Course of Instruction in Tape Reading and Active Trading.

 

Db

Edited by DbPhoenix
Update link

Share this post


Link to post
Share on other sites
...The second part is a 97-page document entitled The Richard D. Wykcoff Method of Trading in Stocks: A Course of Instruction in Tape Reading and Active Trading...

 

Db

 

I have a copy of this "Tape Reading and Active Trading" in pdf. I got it online and I don't know whether it is appropriate to post it here. If you think it's OK, I can upload it.

Share this post


Link to post
Share on other sites
I have a copy of this "Tape Reading and Active Trading" in pdf. I got it online and I don't know whether it is appropriate to post it here. If you think it's OK, I can upload it.

 

That would be great. I'm sure those who want to know more about tape reading would be very appreciative.

 

Db

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • I guess US has fund managers and investment banking institutions looking after the portfolios on behalf of their clients.
    • There are many resources related to forex trading available on forums like babypips and forexfactory etc.
    • Candle stick pattern is one of the easiest charting patterns available to learn and make money. However, new traders never learn about the skills needed for earning money but they rush for making money and eventually lose their money.
    • Nothing wrong with being a ‘progressive’. Nothing wrong with being a ‘conservative’.  Very generally, ‘conservatives’ have preponderance of the here and now neurotransmitters, prefer empirical references, the rule of law, and value individual agency (It has been said that conservatives love humans and progressives love humanity) . Very generally, ‘progressives’ are dopaginaric - driven by passion for a better possible future, prefer references to others  (Example Karmela won’t answer questions with facts.  She cites the opinion of 18 ‘experts’), have a penchant for rule by man/mobs not by law , and value ‘societal' agency.  However, excesses of either tendency indicates mental illness, collective malaise, and has consequences.  When either camp is systematically captured by control seekers and/or, situationally by mobs, the whole is lessened. A key sign that is occurring is when one side no longer allows disagreement.  Progressives have  currently gone crazy in those excesses and are no longer allowing anything but unithought... examples - You can still be a vocal pro choice republican.  Try being a vocal pro life democrat. For snicks just try it.  You’ll get cancelled.  Bust a myth about blacks in America, true up the real  history of Republicans ending slavery and what has happened since, how the democrats are the party of the KKK, how Obama did not a fkn thang for blacks in general, be a black republican, etc.    You will get canceled in a heartbeat. Step up and question the social agendas of federally subsidized schools at a board meeting... get treated like shit and also get an immediate case number with the FBI ... Question the requirements to watch and lickkiss the 'rainbows' and also make sure your kids show up for it, not to mention fund transitions out of your pocket and see what you get ‘labeled’ Question mainstream media bias - even just to mention that biased, agenda driven narrative is different from truth in reporting - and see what happens to your voice... Excesses have consequences... imbalances have consequences... just sayin’
    • SBUX Starbucks stock, watch for a top of range breakout above 99.81 at https://stockconsultant.com/?SBUX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.