Legendary trader and educator Richard Wyckoff based his investment decisions primarily on analysis of market structure, supply and demand, and comparative strength.
A final, critical component of Wyckoff’s trade selection and management was his unique method of using Point-and-Figure (P&F) charts both to identify realistic price targets and to improve timing of entries and exits.
This technique works well for calculating reward-to-risk ratios and helping traders stay with a winning trade through normal corrections.
Bruce Fraser and Roman Bogomazov cover the basics of using Point-and-Figure charts to calculate price targets using Wyckoff’s unique horizontal counting approach. Bruce and Roman present the materials as case studies that start with a blank P&F chart and then, as the chart unfolds over time, they show you their step-by-step process for taking and projecting horizontal counts.