TRADING THE âWYCKOFF METHODâ đ”đ°
Over 100 years ago, a financial technician named Richard Wyckoff developed a theory that the market moves in cycles, and that understanding these cycles will give signals on when to buy and sell. Theyâre still used by traders and are known as the Wyckoff market cycle. Christopher Inks studies the charts and uses these cycles to guide his setups. âMy edge is really this understanding of market psychology,â says Inks. âBeing able to read price action and volume.â Inks says these cycles occur on both the longer horizons (weeks and months) and even on the shorter timeframes (minutes). This helps clarify the direction of a trend, says Inks, âand one of the best things traders can do is trade in the direction of the trend.â
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