Gaps
Following Live: Theory Into Practice, January 2020
This month we’re going to map and follow the E-mini S&P and EUR/USD with swings. Last month, we mapped Gold Futures and USD/CAD which I review in the video. In the review, we learned a few things that we can begin to take into our experience and future trades. We learned that the Gold landed right into the pocket of our major projected swing with an intense drop. By mapping and seeing the market in swings, the intensity was pulled out and the wave was easy to see. In USD/CAD we learned how the minor swings can pick up speed and the possibility of using gaps for minor entries along the way.
To Push The NQ or Not: The Three Types of Trades
The three basic types of trades framework help you understand what you doing when you take a trade. It also gives you a way to frame the supply/demand dynamics of momentum, expanding or reversing markets. As a principle, we can use this framework with swings, gaps, lines or any other relevant marker sloped or horizontal. In this video of the recent NQ, we see a typical pattern of minor swings pushing and then letting all those people go “Taking Out The Cheap Seats” as it expands into a type 2 major swing. Once understood, you can even specialize in the type that resonates with you learning all its nuances or train in all three.
Following Live: Theory Into Practice, December 2019
Last month we mapped and followed an oil and Aussie chart with simple swings and gaps and these are some of the lessons we learned from this: We saw how minor swings can break and expand and into a major leg. I did a recent post on this in “Taking Out the Cheap Seats“. We learned how mapping swings and seeing in swings can take out the intensity of a chart, thus relaxing us and changing our experience of trading.
This month we will map and follow USD/CAD and Gold Futures.
Following Live: Theory into Practice November 2019
Every month I will pick a futures market and a currency market for us to follow. At the end of each month, I will review these markets to see what we can learn and pick 2 more to follow for the next month. This is where we take theory and ground it into practice. This month’s charts will be Oil Futures and AUS/USD. I had done some previous posts: Map Any Market in Any Time Frame and Do It With Gaps, so we will use these basic methods for structuring our markets.
How you approach this or any exercise determines what you will get out of it. My objectives for this exercise are: to train in isolating relative structures, learn to set myself aside and follow price, learn to change with change as the market flows, learn to learn from price flow itself. I will put this Following Live segment into our newsletter every month, so subscribe if you’re not already on the list and want updates on these posts.
Mapping the JPY With Swings and Gaps
In this post, I combine gaps and swings to map and trade the 20-minute JPY. You will see how I use gaps and swings to isolate a Change in Behavior and to also see the direction of price. I use them again to show me the trade entry where I am willing to risk my stop.
The key thing to learn is this, how to use our tools and not be used by them.