{"id":660007,"date":"2025-05-30T14:30:43","date_gmt":"2025-05-30T12:30:43","guid":{"rendered":"https:\/\/ftmo.com\/?p=660007"},"modified":"2025-05-30T14:36:20","modified_gmt":"2025-05-30T12:36:20","slug":"how-to-use-accumulation-manipulation-and-distribution-in-trading","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/how-to-use-accumulation-manipulation-and-distribution-in-trading\/","title":{"rendered":"How to use accumulation, manipulation and distribution in trading"},"content":{"rendered":"
If you want to understand what is happening in the markets at any given time, you need to grasp the actions and motivations of the major players. One approach that aims to reflect this “smart money” behavior is to track the three phases of the market: accumulation, manipulation, and distribution.<\/em><\/p>\n This approach is a simplified version of the methodology defined by Richard Wyckoff<\/a>, which we wrote about on our blog some time ago. Both approaches assume that markets move in cycles influenced by the supply and demand dynamics of large institutional players. However, Wyckoff\u2019s theory describes accumulation and distribution somewhat differently, and for some traders and investors, understanding and identifying market structure can be challenging.<\/p>\n The AMD approach, also known as the “Power of 3” from ICT (Inner Circle Trading, a concept popularized by trader Michael J. Huddleston), is designed to help traders better understand market movements, avoid false signals, and achieve improved results. While this is the goal of any strategy, AMD has recently attracted considerable interest\u2014so let\u2019s take a closer look.<\/p>\n The principle is simple at first glance. Unlike the Wyckoff method\u2014which originated some time ago and is more suited to investing in stock markets\u2014AMD can also be applied to trading markets such as forex. The core of the method is identifying the three key phases in which large investors manage their positions: accumulation<\/strong> at a specific price level, manipulation<\/strong> aimed at shifting retail sentiment, and distribution<\/strong> of liquidity to maximize profits.<\/p>\n This often results in losses for retail traders, which is why identifying these smart money patterns as early as possible is crucial. In essence, it\u2019s a psychological game, where smart money creates specific market conditions\u2014manipulating not only prices but also the emotions of retail traders\u2014in order to shift liquidity from retail participants into their own hands.<\/p>\n The first phase is accumulation<\/strong>, which often appears as short-term consolidation, where the price seems to lack clear direction at first glance. Retail traders typically open long positions near the top (resistance) and short positions near the bottom (support) of this range, anticipating a breakout. They then place their stop-loss orders on the opposite sides of the range\u2014above resistance and below support.<\/p>\n During this phase, market volumes are relatively low, making it difficult for retail traders to predict the next possible movement. Psychologically, this tests their patience while smart money quietly accumulates positions and waits for the right moment to act. In both the first and second diagrams, this phase is marked with a yellow rectangle.<\/p>\n In the second phase, large institutional players enter the market in significant volume, pushing the price sharply in one direction. This triggers the stop-losses of one group of retail traders\u2014providing liquidity to smart money\u2014or leads another group to open new positions, unaware that they are falling into a trap created by false signals.<\/p>\n Retail traders often react emotionally during this phase, resulting in excessive losses or overly aggressive position sizing, chasing what they believe will be larger profits. In the diagrams, the manipulation phase is marked with a red rectangle.<\/p>\n In the final phase, distribution<\/strong>, smart money once again takes control\u2014entering positions at optimal prices and driving the price in the opposite direction of the earlier manipulation phase, now on increasing volume. The goal is to extract liquidity from the retail sector, which entered trades during the manipulation phase expecting profit, only to have their stop-losses triggered during distribution.<\/p>\n This phase is marked by higher trading volumes and a more decisive move in the direction that benefits large institutional players. In the diagrams, it is represented by the blue rectangle, typically the longest of all three phases. By the end of this phase, when the institutional players have already secured their profits, they offload their positions to retail traders\u2014those who enter too late.<\/p>\n<\/a><\/p>\n
Get to Know the Smart Money Approach<\/h2>\n
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Accumulation<\/h2>\n
Manipulation<\/h2>\n
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Distribution<\/h2>\n