Been busy around here but it’s time to brush off the dust and post some Median Line Maps

GBP/USD: We had talked Inside Median Lines in the live morning session which is a little know Median Line tool so here it is. Just remember that it’s still just a tool like the rest.

Volatility did get a bit wild since Mondays post of the EUR/USD 120min. Wild enough to wash and rinse me but good.  Both EUR/USD chart and this Swiss chart present interesting trade/risk management scenarios. Consider for yourself, what would you do. How would you manage the trade? When would you collapse risk? What would be your target? ect...

There is no absolute right or wrong here but these kinds of nitty gritty scenarios come up when you are trading. Your always managing risk whether it’s a profit or a loss and therefore should become a risk specialist instead of a setup specialist. Think that one through...

Price fell out of this sloped coil we have been following and terminated itself for now. Sometimes they expand to the next line down and you can consider this situation a type of Hagopians Rule in regards to the channel.  The hard terminate down out of these often offers the type of trade opportunity you see at the lower Grey MLH. Most of us were taking the holiday off at the juncture but there is always another trade...

Volatility is expanding and changing in some way. Lets watch if it squeezes or gets a bit wild...

Good day

I knew from an early age that I wanted to be a trader. I also knew that to make money by trading against the best traders in the world, I would need an edge – I would need to know what the very best traders knew.

Time for some review and look at our long term charts. 

ES #F monthly: First posted here in the Lost Decades post. Price has ticked our target along the upper MLH of the Median Lines. Notice the swings up getting smaller. Price has sought out and fulfilled its destiny here. Price is always seeking an area to probe.  Now we wait and see what it does with the test. Not interested in buying the next pullback if the sellers hold. Many good lessons here if you pay attention to what was written in the prior post.