Trading methodologies and market traditions

Operational techniques to read charts, enter, exit, select issues, and manage risk — organized by work phase, not only by book chapter.

Menu → Market Cycles → Methodologies — The «how to». Full book path is in Hurst tradition; theory in Encyclopedia → Cyclic theory; terms in Glossary.

Before you enter here

Prerequisite	Hub	Why
Trading vocabulary	Concepts	Buy, timeframe, trend, stop…
Hurst cyclic model	Cyclic theory	Ch. 2 before techniques
Golden path	Hurst tradition	Ch. 1–3 read or in progress

Dow — historical market-reading path

Entry	Scope
Dow Theory	Genealogy, scope and limits of the historical doctrine
The three market movements	Primary movement, secondary reaction and daily fluctuations
Confirmation between averages	Corroboration and non-confirmation
The Dow “line”	Narrow ranges and confirmed breakouts

Full five-step path: Dow Tradition. These are historical doctrines, not an automatic strategy.

Hurst — methodologies by operational phase

1 · Reading the chart (Ch. 3)

Goal: verify classic patterns have cyclic origin.

Entry	Status
Chart pattern verification	✅ ready
Trend lines and channels: the cyclic origin	✅ ready
Head and shoulders: the cyclic origin	✅ ready
Double top and double bottom	✅ ready
Triangles and cyclic analysis	✅ ready
Cyclic moving averages (Hurst)	✅ ready
Case Perkin-Elmer (1961)	✅ ready

2 · Entry timing (Ch. 4)

Goal: buy at the favourable point of the cycle with graphic tools.

Entry	Status
Graphic buy timing	✅ ready
Envelope construction and the cyclic state table	✅ ready
Valid trend line (VTL)	✅ ready
Edge-band and mid-band timing	✅ ready
Case Gruen Industries (1961)	✅ ready

3 · Position management (Ch. 5)

Goal: keep profits, cut losses, short.

Entry	Status
Profit management and exits (Hurst, Ch. 5)	✅ ready
Cyclic cut-loss (Hurst)	✅ ready
Trailing sell and take-profit (Hurst)	✅ ready
Non-real-time envelope (Hurst)	✅ ready
Short selling according to Hurst	✅ ready

4 · Computational tools (Ch. 6)

Entry	Status
Hurst computational methods (Ch. 6)	✅ ready
Half-span and full-span moving average (Hurst)	✅ ready
Inverse moving average (Hurst)	✅ ready
Case Alloys Unlimited	✅ ready

5 · Selection and tracking (Ch. 7)

Entry	Status
Issue selection and tracking (Hurst Ch. 7)	✅ ready
Total scanning and the stable (Hurst)	✅ ready
Screening: volatility and stability (Hurst)	✅ ready
Price tracking (Hurst)	✅ ready

6 · Operational logic (Ch. 8)

Entry	Status
Trading by logic (Hurst Ch. 8)	✅ ready
Cyclic market state (Hurst)	✅ ready
Case Screw and Bolt (1968)	✅ ready
The 1968 trading experiment	✅ ready

7 · Pitfalls to avoid (Ch. 10)

Entry	Status
Cyclic analysis pitfalls (Hurst)	✅ ready
The psychological barriers (Hurst)	✅ ready

Wyckoff — methodologies

Entry	Status
Five Wyckoff steps	✅ published
Four-phase price cycle (Wyckoff)	✅ published
Trading range (Wyckoff)	✅ published
Accumulation — phases A–E (Wyckoff)	✅ published
Distribution — phases A–E (Wyckoff)	✅ published

Full path: Wyckoff tradition.

Post-1970 and other methodologies

Methodology	Entry	Note
FLD	FLD — Future Line of Demarcation	Not in Profit Magic
Phasing analysis	Phasing analysis (Hurst)	Cycles Course
Spectral analysis	Spectral analysis (Hurst Ch. 11)	Ch. 11 — more foundation than method

Sources

Samuel A. Nelson, The ABC of Stock Speculation, 1903.
J. M. Hurst, The Profit Magic of Stock Transaction Timing, 1970.
Richard D. Wyckoff, Studies in Tape Reading, 1910.
J. Peter Steidlmayer and Kevin Koy, Markets and Market Logic, 1986.