WY-01-02 / 08
Updating Composite Operator Scenarios with Evidence
First Principles
Sam Rivera
Lesson / WY-01-02
When establishing a scenario, specify its timeframe first. The higher timeframe may be advancing while the trading timeframe develops potential distribution. An entry-timeframe break and recovery shows only that local supply failed to persist. Without a timeframe, the statement “the Composite Operator is accumulating” confuses different scales.
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
01Meaning and Purpose of the Composite Operator↗02Strategic Interaction: Participants’ Objectives, Choices, and Constraints↗03Building, Holding, and Reducing Positions: What Is Visible↗04“Major Operators’ Intentions” as a Candidate Explanation↗05Observable Information and Inference↗06Replacing Speculation about Major Operators with Testable Conditions↗07Applying the Model across Markets↗08Updating Composite Operator Scenarios with Evidence↗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 Law of Supply and Demand: Understanding Price Changes
