The market changes all the time. As from my experience best of all Wyckoff method works for metals and some other commodities. At least in the modern market and in conditions, we have last few years and despite his main focus was the stock market. Wyckoff’s approach is based on the idea, that traders can understand the market through a detailed analysis of supply and demand.
That can be ascertained from studying price action, volume, and time. You can see below the scheme of his concept to get it better.
Wyckoff Method – Laws
Law of supply and demand
Law of cause and effect
The law of effort vs result
Best books to learn Wyckoff Method
The Wyckoff Methodology in Depth: How to trade financial markets logically (Trading and Investing Course: Advanced Technical Analysis Book 1). It is a great book to learn Wyckoff approach – how and why markets move, 3 fundamental laws, the process of accumulation and distribution, events and phases of the Wyckoff Methodology, etc.
Trades About to Happen: A Modern Adaptation of the Wyckoff Method. Honestly the book on adapting the classic work of Richard Wyckoff to today’s markets. You will learn 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, and more.
My Secrets of Day Trading in Stocks. Amazing guide for day traders from the market legend with a big number of examples and detailed explanations.
Price Action Breakdown: Exclusive Price Action Trading Approach to Financial Markets. This book covers concepts, ideas and price action trading methods that you most likely haven’t seen anywhere else. The knowledge contained can be used to trade any financial market such as Forex, Futures, Stocks, Commodities, and all major markets.
Charting the Stock Market: The Wyckoff Method. This book guides you step by step through the Wyckoff method: first, the basic principles; second, examples of the method applied to the bond market; and third, an outline of steps to put the method to use. Details of the Wyckoff method covered in this book include: point and figure charting, trends, price and volume studies on vertical charts, stop orders, forecasting, wave charts & intraday, group stock behavior, stock selection criteria, and much more …
How To Make Money With Wyckoff Method [Full Guide] by Inna Rosputnia
Wishing you a great week!
Want To Make Your Trading More Profitable?
Subscribe to get free research, trading lessons, and more insights.
(We do not share your data with anybody, and only use it for its intended purpose)