LESSON 4:- WYCKOFF UNDERSTNDING

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

  1. The law of supply & demand determines the price direction

  2. The law of cause & effect

  3. The law of effort