WYCKOFF TRADING PRACTICUM COURSE

09.10.2019

Sign up for WTPC course! Promotion: $100 (exp. 9/10)

To sign up for the entire WTPC, register at https://www.wyckoffanalytics.com/wyckoff-practicum-course-wpc or contact Roman
at wyckoffassociates@gmail.com if you have any questions.
Pricing: $898 for the whole course (15 webinars) , WTC alumni rate - $598

Class details
Next WTPC webinar sessions in September:
September 17 and 24 at 3:00-5:30pm PDT

Homework submission: All homework assignments should be submitted in ONE file per person in .pptx, .pdf or .doc formats.
Please include your first name and the first letter of your last name in the homework file name, e.g., “Thomas B_WTC
Homework 1”. All assignments should be submitted to wyckoffassociates@gmail.com with the email title WTC Fall2019-
Homework# .

The remainder of the WTC classes will be more interactive; students who would like to participate in discussions should have a
working headset with a built-in microphone.

All recordings and slides will be made available to paid students only. Instructions on how to access the recordings and slides
will be emailed tomorrow to all students who have enrolled.

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 WYCKOFF TRADING COURSE
ANALYSIS

Disclaimer
This presentation (including the lecture, slides and discussion) is for informational and educational purposes only; it should not be
construed as investment advice of any kind. Roman Bogomazov (Presenter) is not a registered investment advisor or broker-dealer, and
does not purport to recommend or suggest any securities to buy or sell. Presenter assumes no responsibility or liability for your trading
and investment results. You understand and acknowledge that there is a very high degree of risk of financial loss involved in trading
securities and that you alone are responsible for your own trading and investment decisions and results.

It should not be assumed that the methods, techniques, or indicators presented will be profitable or that they will not result in losses. Past
results of any individual trader or trading system published by Presenter are not indicative of future returns by that trader or system, and
are not indicative of future returns which will be realized by you. In addition, the indicators, strategies, articles and all other features of
Presenter's products are provided for informational and educational purposes only and, again, should not be construed as investment
advice. Accordingly, you should not rely solely on the Presenter’s information in making any investment. Rather, you should use the
Presenter’s information only as a starting point for doing additional independent research in order to allow you to form your own opinion
regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any
investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE
RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND DO NOT INCLUDE BROKERAGE AND OTHER FEES, OR SLIPPAGE.
ALSO, IN SIMULATED PERFORMANCE RESULTS NO TRADES HAVE ACTUALLY BEEN EXECUTED, AND THEREFORE THE RESULTS MAY HAVE
UNDER- OR OVER-COMPENSATED FOR THE IMPACTS OF A VARIETY OF MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED
TRADING PROGRAMS, IN GENERAL, CAN ALSO BE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT
ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 WYCKOFF TRADING PRACTICUM COURSE
ANALYSIS

WTC (Part II-Execution) CURRICULUM

WYCKOFF TRADING COURSE Visual Recognition Skill — “Practicum”

Part II Applied Knowledge Understanding of the Wyckoff Method acquired in WTC Part I serves as the foundational
infrastructure for your candidate selection and trading abilities, which will be enhanced through a carefully sequenced
EXECUTION series of rigorous, interactive classes.
Drills and Exercises Wyckoff concepts are applied in numerous in-class exercises, designed to develop skill in chart
Sessions 1-15 pattern recognition and trading tactics with the simple motto of “learning by doing.”
Concentration on Bias and Timing Special emphasis on exercises relating to supply and demand confirmation of
directional bias, as well as improved market timing, when establishing a position in anticipation of a favorable move.

Trading Tactics and Management

Price Structure Scenarios Visualization of alternative Wyckoff price structure scenarios — including identification of
failure or confirmation of each — is thoroughly developed through in-class drills and discussion.
Trade Management Clear recognition and best practices regarding entry and exit points, stop-loss placement and
movement, and proper scaling in and out of positions.
Risk Management Basic risk mitigation techniques, including estimation of the probable risk and reward of any trade
based on recognition and characterization of the market operations of institutional players.
Filtering Trade Candidates Exercises to optimize candidate selection using the Wyckoff Method approach to market
structure, supply and demand, and comparative and relative strength analysis.
Advanced Wyckoff Analysis
Wyckoff Phase Behaviors Apply knowledge of phase analysis from WTC Part I to practical exercises illustrating how to
use typical phase behaviors in trading ranges as timing tools.
Variations in Volume Signatures In-depth study of volume characteristics in different phases of accumulation and
distribution throughout the trading range.
Trend Recognition and Analysis Heightened understanding of how institutional players drive different trend stages,
each exhibiting unique characteristics to be defined, analyzed, and exploited for profitable trading.
Historical Examples Past illustrations and case studies of market structures to dissect price, volume, and time
relationships.
Wyckoff Trading Course, Part I is a prerequisite Optimization of Wyckoff Analysis Using Modern TA Tools Deployment of current technical analysis tools in concert
for Wyckoff Trading Course, Part II with Wyckoff analysis to derive deep insights into market conditions, sentiment, and probable future direction.

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 WYCKOFF TRADING COURSE
ANALYSIS

WTC (Part I-Analysis) CURRICULUM

WYCKOFF TRADING COURSE Market structural analysis. In this segment, you will learn to:
• Identify the all-important Change of Character in the price and volume of the market or of an individual security, allowing you to anticipate when it will
Part I move from a trending to a non-trending environment, and vice versa
ANALYSIS • Understand the current price structural environment and its implications for trading at any given time
• Recognize key Wyckoff Events, such as buying and selling climaxes, springs, upthrusts, signs of strength or weakness, last points of support or supply, and
Sessions 1-15
more
• Distinguish Wyckoff Phases, which signify predictable developments in all trading ranges (and in all time frames), and allow you to spot when a new trend is
about to emerge, so that you can place trades accordingly

Supply and demand. In this course component, you can learn to “read the market” on any chart through:
• Volume and price analysis, a visual application of Wyckoff’s principle of contrasting effort (volume) vs result (price movement) to understand what the
larger market participants are doing and what they probably intend. This segment will comprise:
o Bar-by-bar as well as swing-by-swing analysis of price and volume
o Analysis of volume patterns in different Wyckoff Phases
o Using historical analogues to compare recent price bar spread and volume with previous events, which can provide additional clues about the
direction and character of future price movement

Relative and comparative analysis. Another foundation of the Wyckoff Method involves comparing the performance of a stock, ETF or another security with that
of the overall market or another instrument, helping you identify trade candidates that are likely to outperform both their peers and the overall market. Elements
of this segment include:
• Relative and Comparative Analysis as an institutional signature of accumulation or distribution
• Identifying “Sweet spots” of outperformance as a predictor of future price behavior
• Filtering and scanning for relative outperformance characteristics

To sign up for the entire WTC, register at https://www.wyckoffanalytics.com/wyckoff-trading-

course-wtc-fall-2019 or contact Roman at wyckoffassociates@gmail.com if you have any questions.
Pricing: $998 for the whole course (15 webinars) , WTC alumni rate - $700
Payment Plan: three recurring payments of $385

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 WYCKOFF TRADING PRACTICUM COURSE

HOMEWORK 1. Assignment #1: Read these two

ASSIGMENT articles about the ways of practice:
The Mundanity of Excellence and The
Session 1
Outliers.

2. Assignment #2: Bias Game

3. Optional assignment: Conduct an analysis “Anatomy of a Trade” segment,

of Aurora Cannabis Inc (ACB) and email it to each class. Real-time market, real
Roman to wyckoffassociates@gmail.com with position discussed and voted by
the class!
the title “WTPC – Homework #1”

Attention:
This session is being recorded and it will
be posted on “Wyckoff Trading Method”
YouTube channel tonight!
“The Mundanity of Excellence” and “The WTPC students will receive access to the
Outliers” articles will be posted on the class page instructions tonight
class page together with the class video
and slides

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 BIAS GAME: ACCUMULATION OR DISTRIBUTION?
Vote on @wyckoffanalysis

www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.

 WYCKOFF TRADING COURSE
BIAS GAME @WyckoffAnalysis ANALYSIS

PLAY THE BIAS GAME

SIGN UP @WyckoffAnalysis STUDY THE SOLUTION

VOTE: ACCUMULATION OR DISTRIBUTION?

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 WYCKOFF TRADING PRACTICUM COURSE
ANALYSIS

ANATOMY OF A TRADE

ACB (Aurora Cannabis Inc.)

Attention:
This session is being recorded and it will
be posted on “Wyckoff Trading Method”
YouTube channel tonight!

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

ANATOMY OF A TRADE Poll
What would you do now?
1. Buy it
2. Short it
3. Do nothing

In the next classes, we will:

1. Analyze ACB for bias, timing
and character of the next
move
2. Briefly analyze P&F counts
3. Discuss tactics for long-term
and swing campaigns
4. Examine Roman’s current
positions in ACB
5. Vote on Roman’s positions
to be added to or closed out

Real positions, real-time

Wyckoff analysis!

www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.

 Wyckoff Trading Practicum Course
What are we looking for?
- Next directional bias
- Up, down, sideways
- Timing of the next directional move
- Character of the next move
- Extension of the move (price moves, spread)
- Volume signatures (rallies and reactions)
- Possible duration (velocity of the move)
How are we looking for it?
- Observations
- Traders/students generally lack observation skills
- Observing in a non-objective way
- Not sufficient number of observation data points
www.WyckoffAnalytics.com
What are we doing with it?
- Deductions
- Traders/students generally interpret observations incorrectly
- Deductions are a systematic approach to correctly interpret
observations
- Weight of evidence
Two questions that WTPC will be dealing with:
Specifically, WHAT do we have to observe?
Specifically, HOW do we build a deductive logic around our observations?
Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.
 HOMEWORK #1

Questions to address:

How many trades per year do you take?

How many hours per week/month/year

do you spend on developing your trading
skills?

How do you practice your trading?

www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.

 WYCKOFF TRADING COURSE
ANALYSIS

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 WYCKOFF TRADING PRACTICUM COURSE
ANALYSIS

Q&A

Attention:
This session is being recorded and it will
be posted on “Wyckoff Trading Method”
YouTube channel tonight!

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 WYCKOFF TRADING PRACTICUM COURSE
ANALYSIS

SIMON

The below queries are in context of an Accumulation / uptrend.

a) What is the purpose of a Test? Ans: The purpose of a test is to test the supply back into the price area where the test occurs.
b) How do we identify a test – is it a swing low or a hammer candle? Can we have testing at a swing high – checking for demand? Ans: TBC
c) What is regarded as a successful test – do we take into account just structure eg. a higher low is a successful test period – or do we take into volume
as well eg. a higher low on lower vol is a successful test? Ans: TBC
d) What is the concept / process of evaluation action / test – what is considered the ‘action’ and what is considered the ‘test’ and the identification of
these? Eg. is an ‘action’ a widespread upbar and if price exceeds this widespread upbar, then that is regarded as a ‘successful test’? Ans: TBC

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 Jochen

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 Jochen

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 Jochen

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 Jochen

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 Jochen

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 Jochen

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 BEHAVIORAL MARKET ANALYSIS

CASE STUDY
The Price Cycle

Attention:
This session is being recorded and it will
be posted on “Wyckoff Trading Method”
YouTube channel tonight!

www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.

Who are the Price Cycle market participants? The Price Cycle
BASED ON INVESTMENT AND TRADING APPROACHES

CHoCH CHoCH

Institutional Contrarian Investors

distributing as the price rises
Institutional Trend Followers
capitulating as down trend is emerging

CHoCH CHoCH

Institutional Trend Followers

accumulating as uptrend is emerging

Institutional Contrarian Investors

accumulating as the price falls
www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.
 The Price Cycle
Institutional Trend Followers
Main questions to address in the BEHAVIORAL MARKET ANALYSIS: capitulating as down trend is emerging
Who are the Price Cycle market participants?
How can we identify their presence on charts (and subsequently
trade against or in harmony with them)?

Institutional Contrarian Investors

distributing as the price rises

Institutional Trend General Capitulation

Followers
accumulating as
uptrend is emerging

Institutional Contrarian Investors accumulating as the price falls

www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.

 EXERCISE #1
Price and Volume

Attention:
This session is being recorded and it will
be posted on “Wyckoff Trading Method”
YouTube channel tonight!

www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.

www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.
www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.
 WYCKOFF TRADING COURSE
ANALYSIS

MARKET CHARTS

$GOLD (Gold)

Attention:
This session is being recorded and it will
be posted on “Wyckoff Trading Method”
YouTube channel tonight!

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 POE (Hedge-Short Selling) GOLD
POE (Hedge-Short Selling) Upthrust Upthrust

Buying
Attention: Climax
Both positions are on at the same time!
Secondary
Test

Sign of
Weakness
Automatic
Reaction

POE (Buys for long-

term campaign)

www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.

$146.32countline - 12columns*1reversal*$0.62boxsize=$138.88mintarget
$146.32countline - 17columns*1reversal*$0.62boxsize=$135.78maxtarget
 WYCKOFF TRADING COURSE
ANALYSIS

MARKET CHARTS

TLT (20-yr Treasury Bond ETF)

Attention:
This session is being recorded and it will
be posted on “Wyckoff Trading Method”
YouTube channel tonight!

www.WyckoffAnalytics.com Copyright 2019 Wyckoff Associates, LLC. All Rights Reserved.

 TLT

www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.

 TLT

Buying Climax (BC) POE

Overbought (OB)
Overthrow (OT)

Supply is increasing

Demand is decreasing

Effort vs Result

www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC. All Rights Reserved.