Recorded on 20-04-2020
Notes on Apr 28, 2022
1:15:12
Accumulation / Distribution / Consolidation
Market behavior, pattern play
Identifying sentiments shifts
Understanding a side ways market
Wyckoff schematics
*daily timeframe highest probability of execution in terms of trend direction
4 hour
1 hour
Wyckoff Logic
Richard Demille Wyckoff
Background
Richard Demille Wyckoff was a stock market authority, founder and one-time editor of the Magazine of Wallstreet (founding it in 1907), and editor of Stock Market Technique
Wyckoff was a pioneer in the technical approach to studying the stock market
He was a broker, a trader, and a publisher during the classic era of trading in early 20th Century
Theory
Codified the practices of legendary traders into laws, principles, and techniques of trading methodology, money management, and mental discipline
His aim was intructing the public to play interest behind the scenes
Bodies of Work
Wall street ventures & adventures
Studies in tape reading
Jesse livermores methods of trading in stocks
How i trade and invest in stocks & bonds
Stock market technique
Three Wyckoff Laws
The law of supply & demand determines the price direction
The law of cause & effect
The law of effort