Shane Blankenship
One-Line Practice For Personal Insight
In our live sessions, we spent much of the month learning to read and trade with just one line. We can anchor this line consistently on various components of the swings that we structure and then use it to learn. This is one of our simple practices that will enable your own personal learning and insight into how markets move. True learning must come from intuitive comprehension. Approach the practice with curiosity and discovery and leave expectations behind.
Left and Right Side of a Pivot Entry
In this post, we are going to make the distinction of what side of a pivot we are entering and understand the pros and cons related to each type. Left side entry is like having a limit order waiting as price is coming into your area and right side entry is like waiting for a turn or confirmation. It’s good to make the distinction and practice getting the experience of each one to see what might fit you personally and in what situation. It’s not that one is better than the other, its the motivation behind the decision that matters. Left-sided entries can be motivated by an out of control impulsiveness and right-sided entries can be motivated by an attempt to avoid risk. Both these motivations are fear-based and will cause trouble. If you haven’t already, check out the “Map Any Market At Time Frame” series that sets the foundations for many of these posts.