SMART MONEY CONCEPT | The Wyckoff Rules that you need to be successful

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Welcome to Stock Options Sniper! In this video we will learn the wyckoff rules. These rules are derived from Wyckoff’s studies and experience charting the stock market.

Rule 1: The market and individual securities never behave in the same way twice. Rather, trends unfold through a broad array of similar price patterns that show infinite variations in size, detail, and extension. Each incarnation changes just enough from prior patterns to surprise and confuse market participants. Many modern traders might call this a shapeshifting phenomenon that always stays one step ahead of profit-seeking.

Rule 2: The significance of price movements reveals itself only when compared to past price behavior. In other words, context is everything in the financial markets. The best way to evaluate today’s price action is to compare it to what happened yesterday, last week, last month, and last year.

A corollary to this rule states that analyzing a single day’s price action in a vacuum will elicit incorrect conclusions.

Additional rules:

Wyckoff established simple but powerful observational rules for trend recognition. He determined that there were just three types of trends: up, down, and flat. In addition, there were three-time frames: short-term, intermediate-term, and long-term. He observed that trends varied significantly in different time frames.

This set the stage for future technicians to create powerful trading strategies based on their interplay. Alexander Elder’s Triple Screen method, outlined in his book, Trading for a Living, offers an excellent example of this follow-up work.

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DISCLAIMER

The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments.

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