This is a live clip from the Aug 3rd Language of Markets Live session where we discuss how approaching any method, structure, or trade with predetermined expectations blinds us. It’s a valuable thing to eventually have our expectations disappoint us. We are forced to give up and this frees us to see the whole picture. I then demonstrate how to discover the essence of swings by discovering controlling buyers and sellers in the live AUD/USD. I also give an example of how reading price action (bar-by-bar) easily shows us the controlling buyers and sellers that showed the swing to project for an entry.
Price Action
Learning To Read Price Action Part 3
In part 3 we’re going to use our price action bars to come up with some pivot requirements which can be used as a confirmation technique for entering into a swing. It’s about using these significant bars to see buyers or sellers making effort and getting that effort reversed. In the video, you will how the price bars are related to swings and Median Lines and how they can be used to see a pivot created.
Learning To Read Price Action Part 2
In part 2 of this series I do some review on the price bars we are using and then I add the distinctions of major, minor, and relative in the same way we do with swings. Then we do some price reading practice with recent currency, futures, and equity markets. Reading price action like this spreads things out and eliminates much of the noise, so we just relate significant buyers and sellers to other significant buyers and sellers. I finished the video by looking at a qualified tail in a weekly Spotify chart (SPOT) that we can follow live.