WY-06-27 / 01
The Nine Tests Within the Five-Step Method
Decisions, Execution & Validation
Lesson / WY-06-27
The five-step method first assesses the overall market's position and likely direction, then seeks instruments aligned with that direction and displaying suitable relative performance. It next estimates whether the cause already formed supports potential targets, checks readiness to act, and finally times participation with overall market changes. The nine tests verify individually whether target room, price-volume changes, trend, and relative strength support the existing structural assessment. The number of satisfied items cannot alone determine long or short direction. Even if many hold, a specific entry trigger and risk calculation are still required.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01The Nine Tests Within the Five-Step Method↗02The Nine Buying Tests Explained↗03The Nine Selling Tests Explained↗04Charts and Information Required for Each Test↗05Recording Satisfied, Not Satisfied, and Not Yet Assessable↗06Classic Tests and This Course's Trading Conditions↗07Organizing Results into Primary and Alternative Scenarios and Waiting Conditions↗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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Relative Strength and Opportunity Screening
Point-and-Figure Charts and Price Target Estimation
