Original subtitles

actually get into the accumulations and the

market structure of what we're going to be seeing now let's

is perfect but when you actually get into the charts

like this then the next one is minute and it goes back up like

start to know what's going on so we've understood the basic

distribution schematics that we start to see anyways guys take

be as easy as that but of course when you start to see an

you're not going to get the perfect U shape of volume that

quite difficult to actually spot this sometimes because

understand that you've got to use it at at an effective point

because what you might get is something like one crazy candle

look like it's doing a of wipe off and you might see some kind

this is where we will use wicoschematics. Here it should,

it would be a distribution schematic that we would look

action that we could actually enter off price may start to

of interest because that will only make sense then So yeah,

we're describing because you know learning all the content

it comes to volume, one last thing about it, the volume

for sales. So yeah guys, that's it for the introduction. When

indication this happening that's when you know plus your

indicator that we start to look at in the divergence, it's

back and that's the importance of understanding you can't use

a wipe off schematic everywhere here you've just got to

see a break up retracement down and now you're moving up what

another order block that appears and then you start to

you may not see this too often and it may be hard to predict

then we put the volume indicator on as well. Now this

idea that you've got break off structure down that's when you

change of trend in the near future. Divergences between

that takes over above the last one so it's it's not going to

now we're going to sell. So a bit more into the law of effort

see a spike in volume and eventually it increases as

You're going to get so as price moves for example you might be

structure or the change of trend that's when we start to

on the downtrend that's one order block that appears

price starts to consolidate for a bit. Then as soon you start

should use Wykov is at an effective point of interest

price continues. An important note on this. In the strategy

into that point of interest. And then enters a

of breaker structure and it's very short term soon as it hits

maybe a shorter term or the block it just reverses straight

on the one minute possibly on even on the 15 minute. What we

going to get a lot of is this.

middle of this liquidity void where there's no real price

consolidation. So as you can see or the buying pressure

you might start to see is in the middle of price so in the

see is the effort from the buys decreases as price slows down

starts to get soaked up. It reduces reduces reduces as

rather than at any point in the chart. Because what you're

to see the spike down and what we would consider that break of

that I'm going to be teaching you the only time that you

will see buy volume reduce then eventually volume for sales

for a distribution when we reach the point of interest and

will increase showing a shift in trend and of course this is

and divergences. So imagine we're looking at Euro USD and

is on the lower time frame. So this could be on the 5 minute

course this is an extra confirmation. Then you've got

volume and price often signal a change in trend for change in

our whole plan does not revolve around Wykov. I'm telling you

the direction of a particular price trend. So meaning you

market structure is way more important than Wykov but of

to understand the extent of this. Um this is usually used

understand. Cos at the end of the day there's certain points

of Wykov that we actually incorporate into our plan. Um

too necessary for us to really go in depth into this law to

on stock markets. Not too relevant for Forex so it's not

potential extent of the move. Um and When I was doing my

you've got the law of cause and effect. So it looks at the

research on Wykoff it said use a point and figure count chart

the law of F so it provides an early warning of a possible

time. Which is what we're going to be looking at. Then

price rises. When supply is greater than demand, price is

win in every trade of course they want to come out on top so

funds for example not every single one of them is going to

supply and demand by comparing price and volume bars over

one entity. Then the laws. First law is the law of supply

full. The trader and analyst can study the balance between

and demand. So that's when demand is greater than supply,

yeah that it's quite simple which is understanding it as

got the massive institutions and then you've got the hedge

help you think you know how does the composite man actually

out of the trade for example how because you you know you've

deal with all the liquidity how does he knock retail traders

same time with him. Now obviously this is quite a

he leaves in the market so we can get into the trades at the

get to understand his movements and understand his traces that

theoretical approach to the market you know just thinking

that it's just one entity that controls it but it really does

direction us adding into his own orders. Wykov helps us to

marketplace. He triggers traders into the wrong

the composite man what is it? Essentially it's a theoretical

explained it as is rather than thinking thinking of it as you

the operator who causes all the interactions in the

man who controls the marketplace. So what he

know a whole group of institutions and banks or

anything. Think of it as one entity. The composite man is

accumulations and distributions in terms of volume as well. So

that are involved with Wykoff. So the main the main laws that

man that he describes and then getting a bit into

Wykoff, we're actually going to be looking at some of the laws

that we're going to be looking at the idea of the composite

we're going to be looking at are these three laws up here

Yes, hello everyone. Welcome to the next video. So now that

we've just been introduced to market cycles and a bit about

care and I'll see you in the next video