Change is the nature of markets, so the most important ability to develop as traders is how to change with change, to practice fluidity and not get stuck so much. The EUR/USD we followed last month was a lesson in practicing being able to flow with change by following relative swings from up to down. The E-Mini S&P taught us how price can push balanced minor swings up. This month we will map and follow Soybean futures and the USD/JPY.
This is a clip from a recent Language of Markets Live session. The session was about Press Structures which show an agenda and then a supply/demand imbalance. In the first part of this video, I grab a live GBP/USD chart and show that when we can isolate simple structures on a chart, it can tune us right into how to trade it. These structures show you where an effort is made by buyers/sellers and where that effort can get reversed. Next, I use a mapped CAD/JPY that a member sent in to instruct how to see a swing level press structure and how that gives you a feel for what the buyers and sellers are doing in this market and where they are doing it.