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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 Wyckoff Price Waves
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Many folks do not 'get' Point and Figure (PnF) charts. In the 'Wyckoff Logic' world they are used for 'Cause and Effect' analysis and 'Price Wave Analysis'. Below is how readtheticker.com applies 'Price Wave Analysis' sourced from PnF charts.
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.
After all, investors hope to ride the inner the waves during the long term trend, the trick is to determine the health of the most recent waves as to their worthiness to act upon.
This sites PnF charts allows the chart reader the judge price waves of both positive and negative.
Waves are judged 3 (power), 2 (significant), 1 (above average). Blue is up, Red is down.
For each PnF wave you should judge: breaking into new ground or not, thrust, volume, net volume, strength (3, 2 or 1).
In an uptrend (mark up)
You wish to see blue positive 3s and 2s controlling the trend, breaking into new higher ground with supporting volume on each bar. On any red negative waves you wish to see them fail (no further red negative bars), hopefully they are on lessor volume compared to the blue positive waves, if they do have higher volume then you wish for the volume to be absorbed and the blue positive waves take control again (as the selling was really buying, as the big boys accumulate on down bars). You do not wish to see red negative waves breaking into new lower ground on high volume and good thrust. If you do, and you are bullish, you must wait for the chart to repair.
In an downtrend (mark down)
You wish to see red negative 3s and 2s controlling the trend, breaking into new lower ground with supporting volume on each bar. On any blue positive waves you wish to see them fail (no further blue positive bars), hopefully they are on lessor volume compared to the red negative waves, if they do have higher volume then you wish for the volume to be absorbed and the red negative waves take control again (as the buying was really selling, as the big boys distribute on up bars). You do not wish to see blue positive waves breaking into new higher ground on high volume and good thrust. If you do, and you are bearish, you must wait for the chart to repair.
In a sideways trend
A mix of the above, if the sideways action started on a down trend, and you hope for a reversal (accumulation) then you should to see the up trend logic appear. If the sideways action started on a up trend, and you hope for a reversal (distribution) then you should to see the down trend logic appear. If the sideways action started on a down trend, and you hope for a continuation (re distribution) then you should to see the down trend logic assert it self. If the sideways action started on a up trend, and you hope for a continuation (re accumulation) then you should to see the up trend logic assert it self.
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Here is a great example of the PnF waves within a trend.
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More can be found here, RTT Tv.
Chart from video:
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...
..."I was brutal in self-analysis. He told his sons his conclusions: “Successful trading is always an emotional battle for the speculator, not an intelligent battle.”…He knew that his biggest enemy was his own emotions."...
Jesse Livermore
.."No amount of evidence will ever persuade an idiot"..
Mark Twain
.."The key to making money in stocks is not to get scared out of them"
Peter Lynch
.."It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt."..
Mark Twain
Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.
Bruce Kovner
Created on: 6/29/2017 6:37:31 PM Last Update: 9/2/2018 5:04:55 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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