All language subtitles for TraderFXChibiunzin 601 - 12

and you agree that maybe Wykoff
is a little bit over

have simplified it to our own
process or my own process that

in my own personal trading and
we use the same concepts but we

structure as well and that is a
clear indication of the markup

may indeed get a very nice
entry but we only go for the

so as an example if we were
selling in from here targeting

are simply following the
accumulation of buy orders

the price action going very
flat showing us here that we do

structure that's going to
suggest to us that the market

can actually do from here is
first of all indicate the low

can see here which indicates to
us that there is no momentum in

this market telling us that the
selling may be done and what we

view work of theory on a chart
which is much more simple than

your trading but you find them
very confusing and you are not

trade through the market cycles
of buyer strength and seller

not saying that Wycoff trading
is bad but what I am saying is

look identical because I'm not
actually following a schematic.

Sometimes we may get a very
clear range like this. Other

through those highs.
Schematic's not always going to

interest area like a supply
zone or a demand zone and from

closing out and buyers are
entering the market it. After

are coming in here need to be
swept out so their stocks can

be triggered to allow for those
large large orders to be put

supply and if we bring into it
the liquidity as well where

paired with a trade into a high
interest area like demand or

above demand or below supply
zones. And these guys are also

and then I'll begin considering
things like the sweeps of

sellers without having to break
my system and without having to

large move up. What this shows
me is the sellers are beginning

every single bit on directly
I'll actually just look for

mark up and markdown because
they are very important

areas where the momentum is
drying out of downside moves

entry after we have
confirmation from the momentum

when we start to see that
momentum run out. So after this

accumulation and distribution
occurs time and time again. We

dig deep into a over confusing
and over complicated system and

distribution, understand the
battle between buyers and

see that the buyers lose their
strength the market moves

markdown phase, the market
begins trading sideways as we

Wykoff trading, I do not want
to put you off but I've just

allows me to understand the
concepts of accumulation and

sweep that low to collect those
final buy orders we could then

accumulation schematic and then
when the market sells off and

you know somewhere back down
into this zone for example we

through the upside phases and
then the distribution of sell

pushes through some of these
structural low points we can

market structure and supply and
demand. Now, let's head over to

and also after we have
confirmation from the market

confusing schematics that are
very difficult to track and

presented to you what you could
do instead if you understand

markdown accumulation and
distribution schematics that I

complicated and maybe you don't
need to learn all of these

sideways we get that sweep
known as the spring in an

strength but bring it in line
with other things that also

nice sweep obviously at this
point and the thing is

concepts to understand and if
you understand them, you can

use personally with structure
momentum and supply and demand

buyers from this move are
actually exiting the market we

learned a thing or two here. If
you were looking to get into

that brings us to the end of
the video. I hope you've

structure being this area here
and we can actually look to buy

focusing on imbalance supply
areas to actually prep a setup

market phase what do we see
here? Well we first of all see

from this area so if we got a
buy tool on for example drop

structure like this we can look
towards the zone that broke

market pulls back we get a nice
tap in and the market makes a

are looking to bring the
concept of Wykoff theory into

we do get distribution and we
do get marked down. But there

actually then look towards some
of the supply zones in the top

back of this accumulation and
you can see how the

you can actually simplify it
and still use the processes to

orders through the downside
phases back and forth back and

indeed have a lot of selling
pressure coming in and the

demand that we get in these
kind of formations. So if you

momentum, and of course the
liquidity sweeps and supply and

interested in actually learning
false schematics when you don't

just focus on simple concepts
like market structure,

that on the chart stop less
than the low target into some

your advantage. We do get
markup, we do get accumulation,

as you can see my way is much
more simple than actually

confirmed no action should be
taken but if we then break

to happen from a demand zone
and in a sell side opportunity

forth and allowing the market
to do its thing only getting in

is no reason that you need to
go and dig into the whole

of this buying area and we can
wait and see if we are going to

highs you know usually using a
supplier demand zones when the

is ready to move to the upside
so when we see a push of the

very nice run. So that is a
market phase there out of the

begin looking for some form of
buy now as we see we do get a

momentum is clearly leaving the
market and then the area where

what's actually happening in
the market in terms of the

what schematic traders may be
looking for. After that next

bring a lot of logic and
simplify the process namely

Wykeoff. Obviously all the time
the accumulational distribution

the chart and I'll show you a
few examples of how I would

there I'm going to want to see
the structure broken to the

take the market the other way.
We see that form like so where

sellers here and these sellers
here have now been overpowered

this sometimes we may even have
messy lows in the market here

schematics like this and
confuse yourself when you could

really need to, you can
actually begin to look at the

we've broken beneath the buying
areas here that is going to

markets like this. Keep in mind
accumulation, distribution,

show me that we're in a good
position to actually start

that I'm going to want to see
the market trade into a high

following those and I'm not
saying you shouldn't and I'm

by the buyers who have the
power to bring the market

but basically what I'm looking
for is the point that the

are beginning to accumulate
their own orders to actually

the buyers are clearly taking
control which is usually going

upside which is going to
confirm to me that these

sellers from these moves are
taking their profits and buyers

see momentum leave the market
which shows me sellers are

paired with the low momentum of
the downside move and also

moving to the upside so rather
than using a tricky schematic I

into those and get a large
impulse up that's going to

going to get swept out to build
the liquidity for the large

the sellers are going to take
control from a supply zone so

I'm just following those
concepts I spoke about.

times we are going to get you
know low downside action like

orders. We know the large
orders are the orders that move

points, demand zones and supply
zones namely. And when we trade

the market. So for large orders
to be triggered the buyers that

also going to have retail
buyers are buying in these lows

am looking for a step by step
process first of all I want to

area of interest like a supply
or demand zone and then make a

breaks in previous structure
and this break of structure

see what I'm trying to see is
just the market action and

on. So I'm looking towards high
interest buying and selling

to move the market. We do have
buyers accumulating but we're

liquidity so when we see a
markdown move coming to a close

we are generally going to see
the momentum dry out but the

the concepts into my own
personal trading so as you can

battle between buyers and
sellers using of course

than trying to work out a picky
schematic and trying to draw

market may still be forming the
slightly lower lows and lower

simplifying my work off here
and this is just how I bring

if it doesn't I personally
won't trade it like I said I'm

demand zone or a supply zone.
Now this is how I trade

structure and using supply and
demand in my trading so rather

highs what I personally want to
see is the market trade into an

tells us what a Wykov Schematic
tells us tells us that the

the market. So what does that
tell us? Well that actually

schematic is going to trade
into a supplier demand zone but

a phase of markdown. But when
the market then starts moving

then what I'll be looking for
generally is a trade into a

the market begins to lose speed
and actually trade sideways and

and lower highs we actually see
the momentum is drying out of

sideways, even if we are ever
so slightly forming lower lows

consistently moving in a very
impulsive fashion, this is 100%

what Wykoff is actually trying
to present, it's trying to

going to be structure and
momentum. Now if we remember

brief look at how I may see an
accumulation schematic in the

you will see this happen a few
times but trying to do it

and where I begin to bring
markdown accumulation,

while it's playing out. If you
go back and look at the market

concept of Wycov Schematics. As
you can see it looks very good

it can be very very tricky to
actually see this in the market

that last point of support in
phase D now from here the we

enter phase E which is a market
pattern and from there we are

same but the other way round
until we get a sign of weakness

is where the buyers have taken
control and broken out of the

last point of support and then
a sign of strength the strength

of the spring and then when we
start to take off we have a

some people see as a stop loss
hunt or a liquidity run this is

before finally coming through
for a spring a spring is what

secondary test and that selling
climax low. This is a secondary

to clear out the of the
automatic rally and then we

rally. This is where the
sellers are taking the profits

Markdown is basically a bearish
impulsive move. A downtrending

of accumulation distribution
markup and markdown are 100%

to mark up to distribution to
markdown and so on and so on.

and work out the schematic
again or you have it all

lacking and momentum is
actually drying out. When we

identify that area, we need to
see an area that momentum is

present an area where the
sellers are leaving the market

difference is, when we hit the
end of that, I'm actually not

the market as well. So there's
two big considerations and it's

looking for some crazy
schematic. All I'm looking to

and the buyers are entering the
market. So if we want to

a, you know, a solid white off
schematic trader. The

going to do now is talk about
my use of the workoff theory

And price structure. Higher
highs, higher lows, supply and

and supply and demand being the
top main too. So, as usual, I

demand, liquidity, all of these
basic things that we can turn

doesn't use these tricky
schematics. So, what I'm

will see the markdown phase
pretty much in the same way as

into a system. Now, I have a
step-by-step system that I use

in all my trades and it does
use those concepts. Structure

do is follow the market
structure and the momentum of

secondary test and the selling
climax low to clear out the

while I do stand with the
concept of the market phases

and then we enter a phase of
markdown. So that is the basic

is quite a difficult task. For
that reason I think that

see a clear downtrend with
lower lows and lower highs

first of all we get a test like
this where the market comes out

liquidity collect more buy
orders and then from there that

the range and from here we can
actually then look to buy from

distribution and markup into my
personal trading. Here's a

market. What I generally look
for in my own trading is price.

accumulation and distribution
is quite over complicated and

through the liquidity of a few
of these levels a few times

highs of the range after coming
and sweeping out the lows of

on paper and it does work out
in real life but the problem is

climax and aside from that
everything works exactly the

don't use these schematics in
my trading at the time of

going to move into a
distribution schematic. A

is where the market really
begins making its movement

before it happens or trying to
work out while it's happening

distribution is exactly the
same thing but flipped on its

accumulating and also sell
orders selling off. We trade

head. Instead of having a
selling climax we have a buying

down accumulation, mark up and
distribution. I personally

writing and I probably never
will. I have a system that

works for me which follows
these kind of concepts but

that we are really ranging and
there is buy orders

off accumulation and
distribution. Phase B begins

there the market will generally
form a higher low. This is

are actually closing positions
they're essentially buying

there. From that secondary test
we begin to move back up. We

fail to make a higher high over
the previous one which shows us

after that secondary test and
after that push to the upside

are beginning to accumulate
some orders. So what we get

just a final movement that
pushes through the lows of the

move all the way down to clear
out the liquidity of the

after the selling climax is
what we call an automatic

accumulation happens. The
distribution happens. The

after the preliminary support,
we get a selling climax and

the reason I have such a
problem with it is because it's

test in phase B. The market has
few different phases for wipe

coming to the market and we get
this automatic rally. From

back. So this is the first
point we see a lot of strength

the markets today. Now the
problem that I have with

here and we see a sharp upward
move because when those sellers

breaking down the standard
Wykov Schematics and I'm

where are taking profit and
also potentially where buyers

what this shows is the end of
the selling pressure. This is

known as a secondary test and
then we start to move upwards

pressure of the markdown
actually leaves the market. So

we want to focus on is a
preliminary support and then

see the bearish move coming to
a close. The first point that

When the sellers are in
control, prices go down. When

and the buyers are gaining it.
So the step one is markdown. We

the market is a constant battle
between buyers and sellers.

movement and the accumulation
schematic happens when the

showing an area where the
sellers are losing the control

the buyers take control, prices
go up. We can see here, it's

theory we see the market move
from markdown to accumulation

theories in action I'm going to
first of all run through the

show my view of Wykoff
accumulation and distribution

accumulation and distribution
schematics and then I'm

going to show you what this
exactly shows and what each of

these different things mean.
Now in Richard Wykoff's basic

concept. So we're going to
start off this video by

and how I actually use those
concepts in my trading I'm

need to go down so what I'm
going to do in this video is

going to show you what I do
differently to key things

going to show you some live
examples on the chart of these

simple while still taking
advantage of this very true

you end up buying in and then
you lose and you have to try

to do that and it's actually
going to lead you to a very

difficult to actually see these
schematics until after they've

as a spring as the final phase
of an accumulation schematic

long journey in trading that
you kind of really don't really

because trying to see this live
market is very very difficult

things earlier than they happen
so for example you may see this

plotted out and then something
changes and you have to repot

exact shears but we are very
very far away from the

it all so it's very
discretionary and it's

hold and takes control and
moves us back up and then we

accumulation area where buyers
are accumulating orders. Then

we have a phase of mark up
where the buying pressure takes

happened however the concepts
with liquidity and the concepts

strategy I believe that it's
over complicated you don't need

solid and sound and what you
can learn to master this

even you know potentially near
100 years on. I don't know the

but it does also work in
currencies and it's a very

and then mark up and mark down.
The theory suggests that the

I use wickoff theory and I say
nope. Um the reason being and

learn these schematics and
trade them. But the problem is

I just don't think there is any
need to learn all of this

and a lot of the times you're
going to get caught up seeing

this theory was initially
created for the stock market

sound theory to the point that
it actually still works today

markup happens and the markdown
happens. And you can actually

workoff theory and a lot of
people message me and ask me if

so over complicated. Now the
theory stands true. The

Wykov Theory is a market theory
presented by Richard Weicoff

long long ago in the early
nineteen hundreds. It was

conception of wickoff theory
and it still remains true in

hear another phase of
distribution. Now I believe

have markdown which is a
downside move followed by an

trading movements and works out
where the market is likely to

accumulation which is a bullish
range like this. Distribution

go. The Wykoff theory actually
has four main phases. These are

market moves from one phase to
the other can continually. We

which is a bearish range very
similar to this but on its head

basically a method that looks
at the psychology behind

trade in real time.