WY-01-01 / 04
Observation, Interpretation, Expectation, and Decision
First Principles
Sam Rivera
Lesson / WY-01-01
Observation describes only facts visible at the time. For example: “Price returned inside the range after crossing the upper boundary, with volume above that of the same trading period previously.” It does not add participant identities or directional judgments. Accurate observation makes it easier to test an interpretation against facts later. Record any qualifications concerning the data source, trading session, or an unfinished bar as well.
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
