WYCKOFF TRADING PRACTICUM COURSE

10.01.2019

Next WTPC webinar sessions in October:

October 6, 15, 22 and 29 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# .
Students who would like to participate in discussions should have a working headset with a built-in microphone.

Announcements
October Special: Prospecting for Actionable Wyckoff Trade Candidates with John Colucci; 10/10, 10/17 and 10/24

Session 4 1. Bias Game

SIGNIFICANT BAR 2. Anatomy of a Trade (SPWR)
ANALYSIS 3. Q&A
4. Volatility
5. Trend Characteristics and Identification
6. Exercise: Trend Identification

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 WYCKOFF TRADING PRACTICUM COURSE

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.

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 WYCKOFF TRADING PRACTICUM COURSE

BIAS GAME

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 BIAS GAME: ACCUMULATION OR DISTRIBUTION?
Vote on @wyckoffanalysis

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 MDR (DAILY) Distribution
McDermott International Inc.
Buying Climax (BC) WYCKOFF STORY
Trading Range
UTAD + Tests #1 Marked volume increases
on reactions show institutional
selling, suggesting that this
Preliminary Supply (PSY) may be Preliminary Supply
Change of
Character
(PSY).
(CHoCH) Last Point of
Supply (LPSY) #2 We see clear evidence of
Automatic synchronicity between
Reaction (AR) downward Effort and Result in
Major Sign of Weakness (MSOW)
Nov 2007 and Jan 2008,
confirming that institutions
Phase |A| Phase |B| Phase |C| Phase |D| are unloading their shares.
Also, as the Supply (Effort) on
the Automatic Reaction (AR)
diminishes (sloped green
arrow), the downward Result
increases even more,
strengthening our conviction
that the bias is down.

1. INCREASED 2. INCREASED SUPPLY ON #3 The grinding rally from Feb

3. WEAK HANDS RALLY WITH
SELLING ON REACTIONS AND LACK OF – June 2008 shows little
MUTED DEMAND
PRELIMINARY QUALITY DEMAND Demand, indicating a lack of
SUPPLY institutional participation. The
Upthrust after Distribution
(UTAD) acts as a temporary
commitment above
resistance. The return of price
into the trading range after
testing the UTAD provides
final confirmation of the
downward bias and
represents a high-probability
Point of Entry.
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 BIAS GAME: ACCUMULATION OR DISTRIBUTION?
Vote on @wyckoffanalysis

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 WYCKOFF TRADING PRACTICUM COURSE

ANATOMY OF A TRADE

SPWR (SunPower Corp.)

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 WYCKOFF TRADING PRACTICUM COURSE

COREY

• See if it’s the second

fear right now which
could be the potential
phase C
• Expect a LPS around
TR low
BIAS GAME

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ANATOMY OF A TRADE Poll
What would you do now?

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 WYCKOFF TRADING PRACTICUM COURSE
Q&A

SIMON

1) We've been looking at POE and POEx using the key Wyckoff events, can we still use Wyckoff to also assist with swing trading such as when within a TR? Would these be
simply identifying the climatic action for example (CHART HERE)
2) Do you have an equivalent diagram of the above for Distribution / Re-Dist, that details the POE and POEx?
3) The Bias Game is absolutely fantastic - such a great exercise to put the theory into practice! I've been looking at the Bias Game on Twitter and then the solution that you
post later on. On the Twitter feed, I find it a little difficult (when scrolling through) to match up the Bias Game with a particular solution slide - is there a unique identifier
that you use to match them up for ease of searching on the Twitter feed?eg. Bias Game #10 and Solution Slide for Bias Game #10?

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 Volatility
Points of Entry
Points of exit

Volatility
A measurement of change in price over a given period. It is usually expressed as a percentage and computed as the annualized standard deviation of the percentage change in daily price.
Chartschool

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www.WyckoffAnalytics.com Copyright © 2018 Wyckoff Associates, LLC. All Rights Reserved.
 Bollinger Bands Wyckoff Context: Trading Range

Failed signal
Re-Accumulation

Reaction in Uptrend Two types of POEs in the

direction of Uptrend

Re-Accumulation

Momentum > in |D| Trending Environment

CHoCH Phase |C|

OBV in Up Trending Environment

Local Divergence
Into CHoCH and R-A

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 Bollinger Bands Wyckoff Context: Trend
Task: Optimize trading tactics based on Bollinger Bands analysis of 2009-2010 period

Point of entry

Re-Accumulation

Re-Accumulation

Re-Accumulation

Two types of POEs in the

direction of Uptrend

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CHARACTERISTICS OF TRENDS
Wyckoff Trading Course
Part II
 CHARACTERISTICS OF UPTRENDS
This material is taken
from the Wyckoff
Trading Course, Part II,
where we study
characteristics of
Cyclical Upswing
Trends

More on Trends’
characteristics in
Spring’s semester of
Wyckoff Trading
Course, Part II
and
in December Special:
Long-term Campaigns
and Swing Trading

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 CHARACTERISTICS OF UPTRENDS

SPECULATION
SPECULATION

ABSORPTION

MOMENTUM

ABSORPTION
ABSORPTION MOMENTUM

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 CHARACTERISTICS OF DOWNTRENDS
This material is taken
from the Wyckoff
Trading Course, Part II,
where we study
characteristics of
Cyclical Upswing
Trends

More on Trends’
characteristics in
Spring’s semester of
Wyckoff Trading
Course, Part II
and
in December Special:
Long-term Campaigns
and Swing Trading

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 CHARACTERISTICS OF DOWNTRENDS
EARLY
INSTITUTIONAL
CONTRARIAN CAPITULATION
EARLY
EFFORT INSTITUTIONAL CONTRARIAN
CAPITULATION EFFORT

LATE INSTITUTIONAL LATE INSTITUTIONAL

CAPITULATION CAPITULATION

GENERAL
CAPITULATION
GENERAL
CAPITULATION

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 EXERCISE #3
Trend Identification

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