Wyckoff Chart Reading

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.