WY-06-27 / 06
Classic Tests and This Course's Trading Conditions
Decisions, Execution & Validation
Lesson / WY-06-27
The classic tests assess whether trading conditions have matured. This course also requires supportive market context, clear structural location, an observable entry trigger, a meaningful invalidation boundary, executable orders, and acceptable risk budget and portfolio capacity. Targets, relative strength, and price-volume behavior within the nine tests form only part of those conditions. Even after all nine pass, entry, protection, size, and exit plans must be defined before sending an order.
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
