WY-01-01 / 03
The Method’s Knowledge Structure
First Principles
Sam Rivera
Lesson / WY-01-01
The Wyckoff method rests on three laws, each examining a different issue. The law of supply and demand assesses which side is currently better able to move price by asking which direction advances more easily and whether price remains outside a boundary after breaking it. Once direction has supporting evidence, the law of cause and effect uses the horizontal structure and point-and-figure chart parameters to estimate a potential move. The law of effort versus result pairs trading activity with price displacement to judge whether they are proportionate. A range may have a wide point-and-figure count without having chosen a direction. An advance on expanding volume may show harmony between effort and result yet offer insufficient trading room near long-term resistance. The three laws complement one another; none substitutes for another.
The course video is not yet available. This interface demo uses a separate MT animation, not the lesson video.
Read the Chapter ↗Demo timestamps
8 lessons · Chapter contents
01Price, Volume, Time, and Market Behavior↗02From Pattern Names to Market Analysis↗03The Method’s Knowledge Structure↗04Observation, Interpretation, Expectation, and Decision↗05What Charts Can Tell Us↗06Data Sources and Chart Settings↗07Where Analysis Begins and How Timeframes Work Together↗08An Initial Comparison with ICT, SMC, and Price Action↗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.
No matching captions.
The Composite Operator Model and Strategic Interaction in Trading
The Law of Supply and Demand: Understanding Price Changes
