Lesson / WY-01-07
The method originated in stock selection. In index futures, foreign exchange, commodities, or cryptoassets, preserve the question each step answers rather than force its original form. A single index contract has no stock universe to screen, so step two may compare related maturities or indices with clear economic links. If no stable reference exists, omit that screen and analyze the instrument directly. Forcing a recent correlation into the process imports a relationship that may disappear under stress.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01Step One: Establish the Overall Market’s Position and Probable Direction↗02Step Two: Select Instruments Aligned with Market Direction and Suitable Relative Performance↗03Step Three: Assess Whether the Established Cause Supports the Expected Target↗04Step Four: Assess Whether the Instrument Is Ready to Move↗05Step Five: Time Participation with the Overall Market↗06Dependencies and Reassessment between Steps↗07Redefinition and Adaptation beyond Stock Selection↗Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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What the Wyckoff Method Studies
The Composite Operator Model and Strategic Interaction in Trading
