I’m going to do a basic series on the Andrews Median Line tools we use. We will start with the standard Median Line set and then make the distinction for a pullback Median line set. Our objective is to see what Allan Andrews saw, not mimic him. We want to use our tools and not be used by them. Everything is about zoom retest, price going out to an extreme eliciting trader’s impulses, and then coming back eliciting trader’s impulses the other way. This is why most traders throughout history are on the wrong side of the market most of the time.
Shane Blankenship
After The Storm: The E-Mini S&P Weekly
In the previous post to “Mapping The S&P E-Mini Weekly. It’s About Them, Not You“. We calmly mapped the weekly S&P E-Mini with swings right into the apex of the storm. In this video, we follow up on that along with the weekly stocks mapped (AAPL, VRTX, AVGO, SQ, BAC, and GILD). I used 2 simple techniques, swings, and where price came from. It’s not the method that’s important, its the presence clarity it can bring to our trade decisions.
Following Live: Theory Into Practice. May 2020
Last month we followed the Dow E-mini futures and EUR/USD and learned about contracting swings in the Dow and about rapid change in the EUR/USD. This month we will track Copper futures and the AUD/JPY. Keep in mind that these tools have the main function of enabling us to learn from price.
Learning To Read Price Action Part 2
In part 2 of this series I do some review on the price bars we are using and then I add the distinctions of major, minor, and relative in the same way we do with swings. Then we do some price reading practice with recent currency, futures, and equity markets. Reading price action like this spreads things out and eliminates much of the noise, so we just relate significant buyers and sellers to other significant buyers and sellers. I finished the video by looking at a qualified tail in a weekly Spotify chart (SPOT) that we can follow live.