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Trades About to Happen: A Modern Adaptation of the Wyckoff Method

Product ID : 44037208


Galleon Product ID 44037208
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About Trades About To Happen: A Modern Adaptation Of The

Product Description The definitive book on adapting the classic work of Richard Wyckoff to today's markets Price and volume analysis is one of the most effective approaches to market analysis. It was pioneered by Richard Wyckoff, who worked on Wall Street during the golden age of technical analysis. In Trades About to Happen, veteran trader David Weis explains how to utilize the principles behind Wyckoff's work and make effective trades with this method. Page by page, Weis clearly demonstrates how to construct intraday wave charts similar to Wyckoff's originals, draw support/resistance lines, interpret the struggle for dominance in trading ranges, and recognize action signals at turning points. Analyzes markets one bar chart at a time, which recreates the ambiguity of actual trading Emphasizes reading price/volume charts without a secondary reliance on mathematical indicators Includes a short study guide in the appendix to help readers master the material Filled with in-depth insights and practical advice, Trades About to Happen promises to be the definitive work on utilizing Wyckoff's classic methods in today's turbulent markets. From the Inside Flap While Richard Wyckoff's search to develop a "trained judgment" for trading began decades ago, his method--which has been modified to account for changes in market conditions, but remains true to his original work--continues to draw great interest from traders around the world. Author David Weis is a trader and market analyst with nearly forty years of experience in this field. A recognized authority on the trading methods of Richard Wyckoff, he understands how to utilize the principles behind Wyckoff's work and make effective trades with them. And now, with Trades About to Happen, he skillfully reveals how to adapt Wyckoff's techniques to excel in today's volatile markets. Engaging and accessible, this reliable resource looks at Wyckoff's approach from a more modern perspective and shows how you can logically interpret bar charts and wave charts to find trades about to happen. By studying the chart examples in this book, you'll gain tremendous insight into reading what markets are saying about themselves and develop the ability to locate turning points of different degrees. Page by page, Weis facilitates your learning by: Comparing efforts of buying or selling with the reward--volume versus upward or downward progress Considering the meaning of the close within the range of a price bar Looking for shortening of upward or downward thrust as well as follow-through, or lack of follow- through, after penetrations of support resistance Exploring the interaction of price with trend lines, channels, and support/resistance lines--which often highlight the price/volume story Watching for tests of high-volume or "vertical" areas where price accelerates upward or downward And much more Along the way, Weis introduces the adaptations he has made to Wyckoff's original tape-reading tools--which are better suited for the enormous volatility of today's stock and futures markets--and can be applied to intraday and daily price movement. When it comes to Wyckoff analysis, it's easy to forget that the world of chart reading is not black or white, but gray. One has to have an open mind rather than a fixed, pre-conceived ideal.Trades About to Happen will help you achieve this goal as you discover how to develop the feel and intuition of a successful trader and become better equipped at adapting the Wyckoff method to today's dynamic markets. From the Back Cover Praise for Trades About to Happen "I first heard David speak over thirty years ago and immediately was interested in his work. His explication of the Wyckoff method is the best there is. I was so inspired by David's oratory that I immediately went to work to quantify and automate his ideas. It has been an important part of our firm's success over the years." ―TOBY CRABEL, Crabel Capital Management "Having worked with some of the g