WY-01-05
The Law of Effort versus Result: Interpreting Price and Volume
First Principles
Sam Rivera
Full Chapters / WY-01-05
The law of effort versus result treats trading activity as the market’s effort and price change as its result. Volume is the most common measure of effort. Results include a bar’s high-low spread, closing position, a swing’s net progress, whether the previous extreme is crossed, and whether a breakout holds.
The course video is not yet available. This interface demo uses a separate MT animation, not the lesson video.
Read the Chapter ↗Demo timestamps
7 lessons · Chapter contents
01What Effort and Result Measure↗02Measuring the Different Price Results↗03Harmony between Effort and Result↗04Increasing Effort with Diminishing Results↗05Declining Effort while Price Keeps Progressing↗06Single Bars, Sequences, and Swings↗07Why the Same Behavior Can Have Different Explanations↗The course transcript will be available with the finished video. The captions below belong to the interface demo.
Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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What the Wyckoff Method Studies
The Composite Operator Model and Strategic Interaction in Trading
