A framework built around accumulation, distribution, and the Composite Operator. The three laws — supply and demand, cause and effect, effort and result — read as anatomy of participant structure.
The Wyckoff Method was systematised in the early 20th century by Richard D. Wyckoff (1873-1934), an American trader and educator who studied the activities of contemporaries like Jesse Livermore, J. P. Morgan, and Andrew Carnegie. He watched directly how the great operators of his time deployed and withdrew capital, and built a framework around what he saw.
At the centre of the method are two phases: accumulation and distribution — the phase in which strong hands buy from weak hands, and the phase in which they sell to them. Between the two stands the Composite Operator, Wyckoff's metaphor for the collective force of informed and institutional money treated as if it were a single large trader.
Where other technical methods deal in "price patterns", Wyckoff begins and ends with the question who is buying from whom, and at what cost basis. Market psychology is not an appendix here; it is the skeleton.
The Esoteric Volumes · By Application
Capital, discipline, psychology. The chapters that sit behind technique describe the bone-work that keeps an operator in the market for years. Access requires a written application, reviewed by hand.