Wyckoffanalytics – Tape Reading Course: A Three-Part Series
It’s hard to describe exactly how excited we at Wyckoff Analytics are about our upcoming specials dedicated exclusively to Tape Reading! Skilled tape readers can anticipate market direction in the short-term with uncanny accuracy, allowing for wickedly precise entries and exits. In this series, Roman Bogomazov will be hosting and teaching with some of the world’s most talented Wyckoff tape readers – David Weis and William Reardon.
The term “tape reading” originated in the distant past, when traders identified order flow in securities transactions from a continuous stream of price and volume quotes printed on a paper “ticker tape” in brokerages and banks. Knowledgeable tape readers could “see” buying and selling pressures created by large market operators and predict where prices were headed and when. With electronic bar charts, traders today have more sophisticated tools to visualize and exploit order flow, but the basic thrust is still the same.
Tape reading exemplifies Wyckoff’s principle of judging the market by its own action on any time frame, using mainly his laws of Supply and Demand as well as Effort vs Result. In this course, students will also be exposed to novel tape reading concepts not taught anywhere else! We will be focusing on intraday and swing trading, but the same techniques can be applied to weekly, monthly or yearly charts.
What You’ll Learn In Tape Reading Course?
Series #1: Foundational Principles of Tape Reading with Roman Bogomazov
Sessions 1-3
What’s covered?
- Basic and Intermediate concepts
- A detailed explanation on how to do bar-by-bar analysis
- The central role of Wyckoff’s Laws of Supply and Demand and Effort-vs-Result in tape reading practice
- How to use tape reading to assess the strength and weakness of swings within trading ranges and trends
- Applying tape reading within the context of Wyckoff price structural elements
- Tape reading based on Point-and-Figure (PnF) and volume
- Using horizontal volume and price for tape reading purposes
Each session will include interactive drills and exercises. Key concepts and skills will be reinforced with specially designed homework assignments.
Series #2: Progressing to the Next Level, with David Weis and Roman Bogomazov
Sessions 4 with David Weis
Sessions 5-7 with Roman Bogomazov
What’s covered?
- Intermediate to advanced tape reading concepts
- Original R.D. Wyckoff tape reading techniques that include PnF charts with volume
- Explanation and demonstration of modern PnF and volume tape reading
- The history and logic behind the Weis Wave indicator
- Weis Cumulative Wave
- Swing-by-swing tape reading
- Bar-by-bar analysis will feature a series of exercises in which Roman will be a student, reading David’s charts while David gives live feedback
Each session will include interactive drills and exercises. Key concepts and skills will be reinforced with specially designed homework assignments.
Series #3: Advanced Wyckoff Tape Reading, with William Reardon and Roman Bogomazov
Sessions 8-10
What’s covered?
- Additional intermediate to advanced tape reading techniques
- Many examples of tape reading in intraday and swing trading
- How to tape read S&P500 e-mini futures charts and to analyze current price action using principles presented throughout these classes
- Tape reading using multiple time frames
- As in Series #2, Roman will be a tape-reading student analyzing William’s charts in real-time
Each session will include interactive drills and exercises. Key concepts and skills will be reinforced with specially designed homework assignments.
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