Wyckoff Resources

[winnie]

Is anyone could tell me where I could get some information on Mr.Richard Wyckoff method ?
Any books or web site about it ?
Thanks for your kind help

[DbPhoenix]

Looking at what's currently available re Wycoff's work, I notice a book I hadn't seen before: Stock Speculation Classics. I've never heard of most of the people included, but 24 titles which include Wyckoff's Stock Market Technique #2 and Neil's Tape Reading and Market Tactics, all for $24.95, is a hell of a deal.

[firewalker]

I ordered them myself and got both books delivered today. Incredible price, they are fresh printed books (not used ones) and the seller (publisher) was very accommodating.

Given that this was an international air mail order, the speed at which the package was delivered was even more amazing. Just thought I'd make an update.

[Bearbull]

Originally Posted by firewalker I ordered them myself and got both books delivered today. Incredible price, they are fresh printed books (not used ones) and the seller (publisher) was very accommodating. Given that this was an international air mail order, the speed at which the package was delivered was even more amazing. Just thought I'd make an update.

Who did you order it from, what was the extra postage cost? and more importantly if you have gone through it, what do you make of the contents.

[firewalker]

Originally Posted by Bearbull Who did you order it from, what was the extra postage cost? and more importantly if you have gone through it, what do you make of the contents.

It doesn't matter if you order if from Amazon or from stockspeculationclassics. com, both originate from the same publisher. Shipping costs depend on your location and whether are not the national customs department charges you with an extra fee.

I paid $25 in total, which is really a bargain considering those are normally the shipping costs I have to pay when ordering a product from the US.

Going through the +1200 pages however will take me considerable time and I have set those books aside for my summer literature. If I get through them, I'll try to provide a book review, but don't hold out for me

[briteagle]

Does anyone know of any advisory services which base their recommendations or commentary on wyckoff analysis?

[atto]

While not specifically related to Wyckoff or Db, I found a neat game that's fun and allows you to practice on EOD charts, if you're so interested.

http://chartgame.com/

Basically, you start with $10k and try to beat buy and hold. The chart is from an actual (liquid) stock, from an unknown time period (using daily bars). Db has mentioned before that beginners who do not have the available time to watch price live might benefit more from EOD trading. This is one of the best EOD simulators I've seen, and is darn easy to use (and fun!). I especially like it because fills are perfectly reasonable / accurate (it's buying/selling on open), and you have ample time to do your own analysis (like "real" EOD analysis).

I thought those of you who trade paper might find this interesting and insightful.

[SSTEVE]

For what it's worth, google books has a few copies of "the ticker" and "wall street magazine" available for free download.

[DbPhoenix]

I've been told by Flojo that the original course is available from the Library of Congress (it was never put into book form, as was common back then with regard to courses, which is why so many of them are lost to us).

The basics of the basics are provided here in the stickies. Section 1M, the Introduction, is skipped, as are Section 4M, Volume Studies, and Section 6M, Chart Studies. Section 7M, to which you referred, acts as a sort of summary of what's been addressed up to that point in the course. Therefore, regardless of what you decide to do with regard to the entire course, I suggest you read and reread and rereread the first three stickies to become at least acquainted with the underlying concepts, then study the fourth, the analysis of 1930-31, which acts as an illustration through application. The entire course has been uploaded here.

A great deal of what has been written about Wyckoff, particularly during the resurgence of interest in the "classics" over the past decade or so, is at best inaccurate and at worst blatantly untrue. Many traders will tell you, for example, that they are "Wyckoff traders" simply because they've decided to incorporate "volume" into their trading, and that by doing so they are employing the "Wyckoff Method". Volume, however, as you will learn, is only a part of the approach and isn't even necessary to applying it. You will also come across a wide range of approaches that claim to be "based on Wyckoff". However, since nearly all of what's been written with regard to technical analysis over the past hundred years is based on either Wyckoff or Schabacker, this claim doesn't mean a great deal. If you want to know what is legitimately Wyckoff, it makes sense for you to study Wyckoff himself, not what I nor anybody else says about him. In this way, you can build a conceptual framework for trading and investing that is uniquely yours.

[thalestrader]

Originally Posted by DbPhoenix A great deal of what has been written about Wyckoff, particularly during the resurgence of interest in the "classics" over the past decade or so, is at best inaccurate and at worst blatantly untrue.

So very true ... As in most areas of life, most folks never take the time to read the original thinker, and instead take watered down derivitive thinking for the real thing.