More from RTT Tv
When learning about this keep in mind this Wyckoff law:
The Law of Effort vs Results
Simply stated, if there is an effort, the result must be in proportion to that effort and cannot be separated from it. If it is not, it is an indication of other principles in action. Think of the effort as the volume on a move, and the result is the corresponding price action. These two should be in harmony. If you have a lot of volume, you should see a lot of move, if you don’t…why? What is happening? This is where we become the detective, use our tools, evaluate that price action (result), with the corresponding volume (effort), and make some deductions based on the “balance of probabilities”.
The Law of Effort vs Results
Simply stated, if there is an effort, the result must be in proportion to that effort and cannot be separated from it. If it is not, it is an indication of other principles in action. Think of the effort as the volume on a move, and the result is the corresponding price action. These two should be in harmony. If you have a lot of volume, you should see a lot of move, if you don’t…why? What is happening? This is where we become the detective, use our tools, evaluate that price action (result), with the corresponding volume (effort), and make some deductions based on the “balance of probabilities”. - See more at: http://ift.tt/1MooOgv
Simply stated, if there is an effort, the result must be in proportion to that effort and cannot be separated from it. If it is not, it is an indication of other principles in action. Think of the effort as the volume on a move, and the result is the corresponding price action. These two should be in harmony. If you have a lot of volume, you should see a lot of move, if you don’t…why? What is happening? This is where we become the detective, use our tools, evaluate that price action (result), with the corresponding volume (effort), and make some deductions based on the “balance of probabilities”. - See more at: http://ift.tt/1MooOgv
Original Post: http://ift.tt/1Pu4BAu
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