Lesson / WY-01-05
Increasing effort means the current bar or swing has more trading activity than its comparison; diminishing results means directional displacement does not increase accordingly. Results can be measured through body, net displacement, retained movement at the close, incremental distance beyond the previous same-direction extreme, and persistence after a crossing. Specify which measure weakens: a wide-range bar may have little net result because it closes back down, and a long rally may barely exceed the prior high.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗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↗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.
What the Wyckoff Method Studies
The Composite Operator Model and Strategic Interaction in Trading
