The Trade Academy – Advanced Trading Course

Wyck Analytics – Basic Charting Course
This course presents a wealth of foundational chart-reading knowledge, encompassing both Technical Analysis (TA) and the Wyck Method. You will learn elemental to intermediate charting principles, including our personal interpretations of conventional (TA) concepts within a Wyck Method context. The Basic Course focuses on the essential analytical techniques that will allow you to make a seamless transition from TA to the Wyck Method!
What You’ll Learn In Basic Charting Course?
Types of Charts: Vertical (aka Bar), Candlestick, Point & Figure (P&F), Candlevolume

Descriptions and visual explanations of each type, including appropriate usage contexts and benefits
Vertical bar (+ volume bars) – Tape Reading
Point-and-Figure – companion to vertical charts, horizontal counts, less price volatility (not time), tape reading, volume
Candlestick – Basic structure + visualizations
Candlevolume charts – Combining candlestick + volume

Time Frames: intraday, daily, weekly, monthly

Traditional timeframes and how they are best used. Campaigns (weekly + monthly), swing (daily), intraday (intraday + daily)
Combining multiple timeframes
Price and volume patterns are fractal on different time frames

The Market as a Discounting Mechanism and a visual representation of campaigns actions conducted by the Composite Operator (CO)

Technical Analysis reveals the Discounting Mechanism. Definition. Long-term trend initiation, with catalyst(s) appearing later on.
The Composite Operator as a heuristic for institutional participation

Cyclicality vs the Price Cycle

Technical Analysis Cyclicality. 3-5 year business cycle
Business cycle corresponds with the market cycle
Wyck Price Cycle: Accumulation, Mark-up, Distribution, Mark-down

Trends and trading ranges within Price Cycle

Price Cycle sequence: Accumulation, Mark-up, Re-accumulation, Mark-up, Distribution, Mark-down, Re-distribution
Cyclicality of Price inside the channel
Different time frames’ cyclicality and the Price Cycle

Trading Range: Support/Resistance, Breakouts, Failed Breakouts, Upthrusts (UT) and Springs/Shakeouts(SO) or Signs of Strength (SOS)/Signs of Weakness(SOW)

Technical Analysis: Trading ranges explained
Technical Analysis: Support and resistance defined
Technical Analysis: Breakouts and failed breakouts
Wyck: Support and resistance defined
Wyck: UT and Spring/SO as failed breakouts + SOS/SOW as successful breakouts

Trends: Definition – Higher Highs(HH)/Higher Lows (HL). Logarithmic vs arithmetic scales. Moving averages (MA), Linear Regression Line (LRL)

Technical Analysis: Trend Definition. HH/HL for uptrends and the reverse for downtrends
Comparison of logarithmic vs arithmetic scaling
Technical Analysis: Trend defined by TA tools (MA, Linear Regression Line)
Wyck: Also HH/HL

Trends: Conventional and Reverse Trendlines. Break of trendlines/Change of Character (ChoCh)

Throw-overs and Oversold/Overbought conditions
Break of Trendline signal. TA vs Wyck CHoCH
Visuals: Multiple examples

Price formations: Technical Analysis Patterns

Reversal vs continuation patterns
Trading ranges, including triangles, flags and pennants, wedges
Triangles of different kinds compared with Wyck’s Hinge or Apex
Head & Shoulders, inverse patterns, double tops and bottoms,
Parabolic, V-formations or spikes
Rounding top/bottom formations

Wyck Price Formations: Accumulation

Accumulation Events: Selling climaxes, secondary tests, springs, and others
Accumulation Phases. Predictable sequences of Accumulation events

Wyck Price Formations: Distribution

Distribution Events. Buying climaxes, secondary tests, UTs, and others
Distribution Phases. Predictable sequences of Distribution events

Basic Technical Analysis definitions

Volume leads price.
Volume confirmation of price, with examples. Volume as evidence of Demand or Supply (or both).
Volume divergence from price (non-confirmation), with examples.

Wyck Laws: Supply and Demand

Wyck’s Law of Supply and Demand drives the Price Cycle. Example: Exhaustion of Supply in a trading range leads to an uptrend.
Case study: Price Cycle resulting from changes in Supply and Demand

Wyck Laws: Effort vs. Result

Effort vs. Results law. Definition.
Result in line with Effort
Non-confirmation. Result not in line with Effort.

Wyck Comparative analysis

Original Wyck Course comparative visuals
Basic construction and interpretation
Significant highs and lows + slope
Issues with comparative analysis

Relative Strength (RS) analysis

Definition and basic construction
Basic interpretation
Heat Map ranking based on changes in RS

Technical Analysis Indicators useful to Wyck Traders. Rate of Change (ROC), Relative Strength Index, Stochastics, and On Balance Volume (OBV)

Volume: OBV
Momentum: ROC

Basic Technical Analysis P&F concepts (vertical measurements)

One of the oldest charting methods
P&F breakout patterns
Vertical price objectives

Wyck P&F Basics (horizontal counts)

Wyck’s Law of Cause and Effect
Basic horizontal counting guidelines to determine price targets
1-box (swing) vs 3-box reversal (campaign)
Intraday P&F counts examples