Language of Markets


Hello, Trader

May 9, 2020
It's not our next trade that matters most to us, it's the learning that we generate from every trade that we take into the next 1000 trades.  Last month we put our attention on the theme of learning from price action as it relates to our trading as well as to ourselves and introduced a series of practice exercises that let us learn from the markets. You often hear me say, the markets must be our teacher. Among these practices were exercises in Objective Discovery of price as a way of centering ourselves through dispassionate observation. We then put our attention on the nature of effortless trading and set about creating a series of One Line practices as another vehicle for learning from markets. We finished the month by immersing ourselves in Learning To Read Price Action. The first two blogs below summarize the key points.


Meditations on the joys and trials of trading
The Trader's Heart
What does it mean to be a trader? Regardless of our varying motivations in “becoming” one, there is at least one constant in the answer to the question. To be a trader means you must continually grow outside of who you are. It means you will take up an explorer’s heart and bravely wander outside of yourself as you ascend into the spirit of wonderment and discovery. It means you’ll find the courage to look at yourself and the many boundaries that you keep.  Some boundaries will call you out—those ill-serving habits to which you’ve conformed and against which you might also feel helpless. Other boundaries are mysterious and elusive and will remain so unless you invite them in. Regardless of their nature, boundaries are limits of our own making that a trader must step into in order to transcend. That clunk-clunk-clunk, that grind, that heavy feeling, that yuck. We’ve all felt them. They are the height of frustration and we naturally resist them. But the trader’s heart needs, instead, to invite them in, for they hold the keys to our learning. Everything we need in order to be a masterful trader is in that angst, that exasperation, dissatisfaction, annoyance, defeat. When we invite it all in, we stand humbly where we need to be in order to start our learning. This is why you often hear me say, start where you're at. You really have no choice. So the next time you feel that clunk clunk, stop what you're doing for a moment and feel the contraction that you are undoubtedly feeling. It helps to name it—oh, I’m restless—and let it be. When we shift our attitudes towards our frustrations and treat them as teachers, we then also shift our relationship to them and this makes all the difference.
—Shane Blankenship

Spotlighted Posts

Learning To Read Price Action, Part 1

May 1, 2020

Learning to read price action is really, really easy. Really.
Learning To Read Price Action, Part 2
May 3, 2020

Spicing it up by adding minor, major, and relative bars and structures. 
After the Storm: The E-Mini S&P Weekly
May 9, 2020

From volatility to the calm after the storm.

Following Live
May 2020
Here, every month, we feature a futures and currency market to follow and then review in the following month. This is where we take theory and ground it in practice. This month we're reviewing March's EUR/USD and E-Mini Dow futures and will map fresh, the AUD/JPY and Cooper Futures.

Map, follow, then join the flow

We invite you to share our newsletter with friends.
And if you're not already subscribed, please sign up.
Follow us on YouTube Follow us on YouTube
Every Trade is a New Creation

No matter what instrument or timeframe you're trading, imagine that you can learn from price itself. Deepen your learning and expand your trading experience. Become a member of Live Sessions.


Past Newsletters

April 2020
March 2020
February 2020

Share Share
Tweet Tweet
Forward Forward
Copyright © 2020 Language of Markets, All rights reserved.

update your preferences or unsubscribe from this list.