The Wyckoff Method is one of the four timeless approaches to market analysis (the other three being Dow Theory, Shabacker’s chart patterns, Elliott Wave Theory and Gann’s swing trading approach). It was developed in the early part of the 20th Century and has been continuously refined through the present day. The Wyckoff Method is a vital, classic approach to trading which reads the market through price bars and volume. Although technical indicators may be used, they are unnecessary under the Wyckoff Method.
Richard D. Wyckoff was a Wall Street broker and trader in the early part of the 20th Century. Wyckoff was a broker and witnessed the operations of the largest traders of his day first hand as an ‘insider’ and learned to translate their activities in the ticker tape and bar charts. As he watched traders and investors make poor trading decisions based on rumor, opinion and guesswork, he wrote a newsletter that quickly became so widely read on Wall Street that it would often affect stock prices. He later wrote courses for traders and books on tape reading (including the first day trader’s manual) and his experiences on the Street.
The Wyckoff Method has been used by astute traders for nearly 80 years. It is a complete method for understanding and trading the markets. It is used effectively by day traders, swing traders and investors in all markets including equities, commodities, index futures and FX with equal success. Many of today’s top market technicians acknowledge Wyckoff as the basis for their understanding of the markets, and the Method has spawned spin-offs such as VSA.
Dr. Gary Dayton is an expert in the Wyckoff Method. He has studied and applied Wyckoff for the past decade and has been mentored by an acknowledged Wyckoff master. Dr. Gary is also an outstanding educator of the Method who conveys the Wyckoff Method and principles in a simple and concise manner easily understood by his students.