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"The New Wyckoff Trading Method" Author: [US] Edward Meng Shanxi People's Publishing House
"The New Wyckoff Trading Method" Author: [US] Edward Meng Shanxi People's Publishing House
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Description
Introduction · · · · · ·
Through this course, Mr. Wyckoff has provided us with Wall Street's trading philosophy, trading plans, trading methods and trading skills for successfully controlling the market. Whether you can successfully understand and apply this course depends on the time, energy and financial capacity you spend, the goals you want to achieve and your efforts to obtain ideal profits.
A behavioral trading system that directly faces the essence of the market and a pioneer in price and volume analysis that understands institutional behavior
l What is the behavior pattern of the main capital (CM) and how do the market-controlling speculators mislead the general public investors?
How to analyze the surface information of the market? How to use supply and demand analysis to confirm the market situation given by the market appearance?
How to identify the controlling forces at each stage? How to find out when the main funds intervene to absorb funds? Or start to distribute funds?
What is a stop action? How to judge the demand entry? What is the initial supply? How to identify overbought and oversold?
How to use the principle of supply and demand to judge the quality of support and resistance?
How to identify if CM is absorbing selling orders above resistance and determine whether it will break through?
How to use the “law of cause and effect” to predict target prices, identify trading opportunities, conduct risk management, and stop profit and reap profits?
About the Author
Edward Meng is a Chinese American, investor, and professional institutional trader. He is a contracted author for Futures Daily and Securities Red Weekly. Mr. Meng holds a Master of Arts in Finance and Marketing (MBA) from the University of Connecticut (UCONN). He has been engaged in securities trading for more than 20 years and has worked in the asset management department of Bank of America Merrill Lynch and the risk control department of GE Capital. He was a special lecturer for the Chicago Mercantile Exchange (CME) in Asia.
Mr. Meng focuses on the US and Chinese stock, futures and US stock options markets.
The main research result is to successfully transform market connotation into K-line graphics through in-depth interpretation of the market language, helping traders to intuitively understand the connotation of each transaction, so as to more accurately grasp the trend direction, key turning points and conduct risk control.
Mr. Meng has written "Wyckoff Trading Method" and "New Wyckoff Trading Method", and translated Wyckoff's famous work "Secrets of Capturing the Bank" (full version), introducing the Wyckoff Trading System, a tool that Wall Street's large hedge funds and professional institutions have successfully used to control the market for nearly a hundred years but have tried hard to hide, to China. Given that "Secrets of Capturing the Bank" was written in the 1930s, some of the trading and training methods in it are no longer suitable for this era. On the basis of fully presenting the essence of the original work, Mr. Meng combined his more than 20 years of market research and practical experience to write "Secrets of Capturing the Bank (Detailed Edition)", which injects new life and color into this classic masterpiece through more A-share real-life cases and more detailed annotations. Mr. Meng also answers readers' questions and doubts through the "Wyckoff Trader Incubation Platform" of Helmsman Hui, guiding readers to systematically master the Wyckoff method.
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