Wyckoff Cheat Sheet by RISE PRECISION (PDF)

DOWNLOAD THE WYCKOFF STRATEGY CHEAT SHEET BY RISEPRECISION.COM

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Today we bring you a cheat sheet for the Wyckoff Schematics, Wyckoff strategy is quite famous for its complex schematics especially to those that view it from afar, where those who have learnt it boast of its simplistic and easy to understand nature.

Wyckoff schematics or strategy was developed by Richard Demille Wyckoff (1873-1934). Richard took a job as a stock runner at the age of 15 and in his 20s owned his own trading firm. in the 1930s he founded a school which was centered on the wyckoff schematics of accumulation and distribution in the stock market.

This PDF seeks to enhance wyckoff traders with the knowledge they need by providing a cheat sheet so simplified anyone can understand. it has the 5 step approach to the Market selection and trade entry, which is

1. Determine The Present Position and probable future of the market trend 
2. Select Currencies in harmony with the trend
3. Select stocks with a "cause" that equals or exceeds your minimum objective
4. Determine the stocks' readiness to move 
5. Time your commitment with a turn in the stock market.

These are explained more in the PDF (link down below), although this may seem like its directed to the stock market and not the forex market, be rest assured the Wyckoff Schematics can be applied to any tradable market, commodities, stocks, forex, synthetic indices etcetera.

The PDF also focuses on the 3 Wyckoff Laws which are used in analysis which include

1. The law of supply and Demand determines price direction.

1. The law of cause and effect 

1. The law of effort

In all this information it explains what happens in the formation of the schematics, in the accumulation and distribution phases and also the distribution phase. if this is all you need then follow the link below to get your desire in learning wyckoff.

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