To find the true structured support and resistance levels in a market, we use a contraction of price and a wash of that contraction. You can see these true levels on this 20 minute E-Mini S&P chart I posted for our members. In the video, I describe the steps to the process of a wash and rinse structure as a pivot component of a swing and how that can help us to read the true supply/demand levels.
Shane Blankenship
Crashing Expectations
This is a live clip from the Aug 3rd Language of Markets Live session where we discuss how approaching any method, structure, or trade with predetermined expectations blinds us. It’s a valuable thing to eventually have our expectations disappoint us. We are forced to give up and this frees us to see the whole picture. I then demonstrate how to discover the essence of swings by discovering controlling buyers and sellers in the live AUD/USD. I also give an example of how reading price action (bar-by-bar) easily shows us the controlling buyers and sellers that showed the swing to project for an entry.
Following Live: Theory Into Practice. July- August 2020
In reviewing the USD/CAD and the E-Mini Russel we learned that markets can go sideways for a while not swinging much. I also introduce a percentage measure to test out how far price might go past a balanced swing and confirm a change. This month we will follow Silver futures and CHF/USD. Mapping swings is a simple way to frame and understand any market. One of the lessons I touch on is a video about approaching mapping swings or any method without expectations to get the most out of it.