Wyckoff Analytics – Bruce Fraser & Roman Bogomazov – Point & Figure Charting
Description of Point & Figure Charting
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.
In Part I of this two-course series, 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.
What You’ll Learn In Point & Figure Charting?
Starting with Wyckoff’s fundamental law of Cause and Effect, where the P&F count within a trading range represents the Cause and the subsequent price movement the Effect, Bruce and Roman cover:
- How to properly construct a Wyckoff-style Point-and-Figure chart
- Basic Wyckoff P&F count guidelines and modern applications
- P&F Phase Analysis to predict shorter- and longer-term price objectives for both long and short trades
- Using P&F counts in conjunction with bar charts to help time trade entries
About Bruce Fraser & Roman Bogomazov
Bruce Fraser
Bruce Fraser, an industry-leading “Wyckoffian,” began teaching graduate-level courses at Golden Gate University (GGU) in 1987. Working closely with the late Dr. Henry (“Hank”) Pruden, he developed curriculum for and taught many courses in GGU’s Technical Market Analysis Graduate Certificate Program, including Technical Analysis of Securities, Strategy and Implementation, Business Cycle Analysis and the Wyckoff Method.
For nearly three decades, he co-taught Wyckoff Method courses with Dr. Pruden, and has also used this approach to the markets as the foundation of his own trading for over 35 years. Bruce publishes a widely read blog at StockCharts.com, entitled “Wyckoff Power Charting” and co-hosts the popular, online weekly Wyckoff Market Discussion.
Bruce has taught numerous special topic courses at Wyckoff Analytics including Point-and-Figure Charting Part 1, Part 2 and Part 3, Point-and-Figure from Stocks to Cryptos, Practices For Successful Trading, Conversations With Wyckoff Wizards and the Basic Charting Course. Bruce has also presented at the Best of Wyckoff Online Conferences in 2017, 2018, 2019, 2020 and 2021.
Roman Bogomazov
Roman Bogomazov is a trader and educator specializing in the Wyckoff Method of trading and investing, which he has taught for more than ten years as an Adjunct Professor at Golden Gate University and as the principal instructor at WyckoffAnalytics.com.
He is the founder and President of Wyckoff Associates, LLC, an enterprise providing online Wyckoff Method education to traders throughout the world (www.wyckoffanalytics.com). Using WyckoffAnalytics.com as a thriving trading community platform, Roman has developed a comprehensive educational curriculum covering basic to advanced Wyckoff concepts and techniques, as well as visual pattern recognition and real-time drills to enhance traders’ skills and confidence.
A dedicated and passionate Wyckoffian, he has used the Wyckoff Method exclusively for his own trading for more than 25 years. Roman has also served as a Board Member of the International Federation of Technical Analysts and as past president of the Technical Securities Analysts Association of San Francisco.
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