What if there were no books or any instruction anywhere on how to trade and you figure it out by just observing and discovering? You would begin to trade based on your fresh observations, trying this and trying that, until you found your way, getting more efficient at it as you went, like a child learning to walk. If you did this, you would be learning from the price itself as it flowed, from a place of discovery and not-knowing. In our live Language of Markets session, we did an exercise where we took an active Emini-S&P market and learned as we went. I did this video later that afternoon to demonstrate how that exercise led me to my own beginner’s mind.
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.
I show two trades in this video, one by me in the USD/CAD 20 minute and one by a student in the E-mini S&P 2 minute. Both look a bit different but have the same understanding that comes from learning about the process of market structure and the essence of each structure. Sustained trading is not about pattern recognition, its a personal understanding of the whole read and structure that develops from practice. In the video, I show how you can see the structure no matter what time frame it shows up in or its shape. You can see this same structure and understanding in a post I did a year ago, “Trading The Valley In The CAD”.