Trading Philosophies of W.D. Gann

By Jim Wyckoff William Delbert (W.D.) Gann is regarded as one of the pioneers of technical analysis and market behavior. He wrote several books on stock and commodity trading and developed the well known “Gann angles” and “Gann Fans.” Gann was born on a farm near Lufkin, Texas, in 1878. His rise to trading fame … Read more

Why Successful Traders Use Fibonacci and the Golden Ratio

Support and resistance levels on bar charts are a major component in the study of technical analysis. Many traders, including myself, use support and resistance levels to identify entry and exit points when trading markets. When determining support and resistance levels on charts, one should not overlook the key Fibonacci percentage “retracement” levels. I will … Read more

Using Larry Williams’ Percent Range Indicator in Your Trading

By Jim Wyckoff The Percent Range (%R) technical indicator was developed by well-known futures author and trader Larry Williams. This system attempts to measure overbought and oversold market conditions. The %R always falls between a value of 100 and 0. There are two horizontal lines in the study that represent the 20% and 80% overbought … Read more

Trading Options on Futures

By Jim Wyckoff A while back, I received several emails from readers wanting to know if they should short the crude oil market because of its lofty price levels. I responded that I don’t give specific trading recommendations, but I certainly do want to help my readers succeed at the difficult task of trading futures … Read more

Trader Mark Cook Reveals His Rules for Day-Trading Markets

By Jim Wyckoff A day trader is a cross between an extrovert and an introvert, with both characteristics in balance, according to Mark Cook, a veteran trader from East Sparta, Ohio. “The introvert aspect is depicted by the disciplined workaholic with a reclusive concentration. The extrovert aspect is depicted by an aggressive, competitive, self-motivated individual … Read more

Trader Linda Raschke Provides Tips on Day-Trading S&P

By Jim Wyckoff The S&P 500 futures market is a trading arena unto itself, which can accommodate many different trading styles, according to Linda Bradford Raschke, a well known trader, lecturer and president of LBR Group, Inc. “Not only does this market display a different daily profile than the other futures markets, but it has … Read more

The Andrews Pitchfork Trend Lines Indicator: A Cool Secondary Tool

By Jim Wyckoff The Andrews Pitchfork is yet another one of my “secondary” trading tools. My “primary” trading tools include basic trend lines and chart patterns, trader psychology and fundamental analysis. I use the secondary trading tools to help confirm what my primary trading tools may be telling me. The Andrews Pitchfork is a trend-line … Read more

The Top 10 Mistakes Traders Make

By Jim Wyckoff Achieving success in futures trading requires avoiding numerous pitfalls as much, or more, than it does seeking out and executing winning trades. In fact, most professional traders will tell you that it’s not any specific trading methodologies that make traders successful, but instead it’s the overall rules to which those traders strictly adhere … Read more

The Percent “R” Indicator: How to Make it Work for You

Jim Wyckoff The Percent Range (%R) technical indicator was developed by renowned futures author and trader Larry Williams. This system attempts to measure overbought and oversold market conditions. The %R always falls between a value of 100 and 0. There are two horizontal lines in the study that represent the 20% and 80% overbought and … Read more