We all see things differently and mostly experience markets through past personal experiences which distorts what is going on. We especially get our buttons pushed during times of high volatility and uncertainty. Mapping markets simply and objectively always needs to be the starting point, to orient ourselves to “What Is” rather than what we want or don’t want. It’s not a trader’s job to predict markets, it’s our job to follow and join them no matter what they are doing. In this video, I map out the E-Mini S&P weekly chart along with a few stocks, AAPL, VRTX, AVGO, SQ, BAC, and GILD.
Let us understand the principles of what Median Lines are and what they do, then we can own them and use them to trade in our own ways. Our goal in learning about Andrews Median Lines is to understand what Allan Andrews understood, not to mimic him or anybody else.
In the Mapping Any Market any time Frame series, I show how to map markets with swings. In this video, I show how Median Line sets describe and project these swings and how to read the market one swing at a time.