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| 1. Jesse Livermores Secret To Success
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| 2. Home page investor image explanation
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| 6. How to win in the stock market
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| 7. Commandments to follow
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| 8. 10 Rules for Investing
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| 9. How to survive a stock market crash
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| 10. William J ONeil, CANSLIM
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| 11. Barry Ritholtz keep it simple stupid
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| 12. Gerald Loeb how to win
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| 18. Indicators Introduction
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| 20. Richard Wyckoff method
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| 21. Richard Wyckoff Waves of Price and Volume
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| 22. Richard Wyckoff is a success story
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| 23. Richard Wyckoff logic not working, this maybe why?
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| 24. Richard Wyckoff studied Jesse Livermore
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| 25. Bob Evans, renowned Wyckoff teacher
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| 26. Tim Ord, Secret Science of Price and Volume
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| 28. William Gann life story
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| 29. William Gann Law of Vibration
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| 31. Wyckoff method improved1
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| 32. Wyckoff method improved2
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| 33. Original Wyckoff and Wyckoff 2.0
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| 34. Wyckoff 2.0 vs Others
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| 35. Wyckoff 2.0 and Volume Spread Analysis
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| 40. Cycles for short term speculation
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| 46. RTT Wyckoff Short Term model
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| 49. Proprietary Indicators (PI)
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| 50. Multi Time Frame (PI)
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| 53. PI: RTT TrendPower OBV
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| 54. PI: RTT On Balance Volume
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| 56. PI: RTT Rainbow Bands
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| 59. PI: RTT Steps of Cause and Effect
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| 60. PI: RTT Wyckoff Strength Weakness
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| 61. PI: RTT Wyckoff Price Waves
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| 62. PI: Proprietary Indicators Caution
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Indicator Library
PI: RTT Steps of Cause and Effect
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This is a proprietary indicator, part of the RTT Indicator set. Important Disclaimer: None of the proprietary indicators give specific signals of BUY and/or SELL prices or signals for investment decisions. They do however bring your attention to price action for further analysis only. Any BUY or SELL decision is purely your own responsibility. Please understand that we find favor with our proprietary tools, but they do not work all the time, nothing is 100% accurate. Please review our terms of use. Richard Wyckoff law of 'Cause and Effect' is a simple 'step' formation. RTT Steps is a quick visual of the steps in a chart and thus a measure of Richard Wyckoff 'Cause and Effect' law in action.
The more obvious the 'step' the more friendly the chart is to Richard Wyckoff logic, for the simple reason the law of 'Cause and Effect' is working well.
This is a custom indicator within the readtheticker.com site.
The settings below for RTT Steps is (Monthly, 2,0.1,6,2.5, BUll) Reaction 65%. These settings are based on Monthly OHLC data drawn on a Daily line chart close data. Readtheticker.com allows some indicator to draw at different time frames (ie Monthly indicator on Daily data, Weekly indicator on Daily data).
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A video on the subject:
This is what the monthly chart looks like with the same settings as above: RTT Steps (Monthly, 2,0.1,6,2.5, BUll)
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More with RTT Steps, how to scan for steps to trade!
You can create and LONG or SHORT momentum model:
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RTT Steps is the best tool for the Wyckoff Trend study, much better than moving averages.
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Consider this chart with RTT Steps, do you see true support and resistance provided by the RTT Steps indicator.(Symbol: !INDU, Price data is quarterly). Question: Would you buy after the 1987 crash? Answer: Yes!
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
.."It is not as important to buy as cheap as possible as it is to buy at the right time."..
Jesse Livermore
.."The first rule is not to lose. The second rule is not to forget the first rule"
Warren Buffett
My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.
Marc Faber
.."Money couldn't buy friends, but you got a better class of enemy"..
Spike Milligan
.."So you think money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men are able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value(...) Money is made possible only by the men who produce. Is this what you consider evil?"..
Ayn Rand
Created on: 4/20/2016 3:27:30 PM Last Update: 8/8/2019 1:50:54 PM Posted by: RTT
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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