In the last post, “Mapping Markets With Gaps” I showed you how to structure a market with Gaps and finished the video by marking out a few markets live. In this video Im going to follow up those charts and see what we can learn from what happened when price interacted with those levels. These are the kinds of things we do in the Language of Markets Live sessions in order to take what we are learning into practice and application. In the video, I also go over the three types of trade options related to gaps. You can see a video on the Three Types of Trades in the “Principles of Trading” section of the home page. Gaps show us an area of supply/demand imbalance that we can take trade advantage of in many ways once we understand them.
Market Structure
Do It With Gaps
In the last post “Map Any Market in Any Time Frame” I showed you how to map markets using swings. There are various ways to map a market and in this video, I will show you how to do it with Gaps. Gaps are significant supply/demand events and once we learn how to isolate them on a chart, we can view the market through them eliminating the rest of the noise. This gives us an easy means to map, follow and have various ways to trade this event. See a post I did on ” Trading a Valley in the CAD” for an example. Learn to follow price and price will teach you.
Map Any Market in Any Time Frame, Part 1 of 3
This is the first of a three-part series in which I teach simple and objective ways to map and follow any market in any time frame. Whether you’re trading ticks or minutes or dailies, trading simply and objectively is equivalent to trading based on the facts, not on setups or predictions or magic numbers. This independence comes by way of seeing and isolating market structure and reading the language of price.
Isolate major and minor swings in any market or time frame.
Market Structure and Mapping Markets
In order to map a market, we need to be able to define and isolate distinctions within price flow. This is market structure and it relates to Median Lines and trading. We are structuring price flow and mapping markets.
These are some of the elements that we learn at Language of Markets and that i go over in the video. We incorporate them into our training and into our trade practice so that they become second nature and in order to learn to read real-time price flow.
- Swings
- Components
- Process
- Relative structure – major, minor, and bar level
We structure a market by making distinctions within price flow and the process it follows. In this way we can see what is being communicated via the language of price.
Reading The GBP Part 2
In Part 1 of Reading The GBP, we learned how to read the story that price was telling by mapping simple relative swings. In Part two’s clip from our live session, we take that same market and include more data. The thing to remember is, no matter how much data you have on the chart, you can always structure a market to see the story that price is telling you. We do this by mapping minor and major swings.
Reading The GBP Part 1
This is a clip from one of our Language of Markets Live sessions. It’s is an exercise where we describe the story that the GBP is telling. We take what looks like a chaotic market and structure it with simple swings to see it clearly, taking some of the crazy out. Once mapped with simple relative swings, you can read price, design your own trading plan and make intelligent trade decisions.