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Volman meets Burke or My journey with PA

  • #201
  • Sep 23, 2022 11:48pm Sep 23, 2022 11:48pm
Cheers spzd, in my humble opinion our markets are highly organised,
In fact I don't expect i could trade if they weren't

How we each trade is what we have 'found' for ourselves with help along the way
There are still some out there (edit: on other threads lol ) commanding that their way is the only way
I see them as like clowns, but not disrepectfully so, just as some who make me smile

The Yen BOJ intervention (or threat thereof, we wont find out till months end what the BOJ did, and they will announce their forex involvement they say)

However, what we saw with the Yen and particularly GBPJPY in the past two days is not without precedent, even this year (food for thought)

What happens next week, well we watch what the market does, then we attempt to follow with it is all,
Good fortunes to all

(Hi Anthony -sunnyc- great to see you around also pal).

all the best spzd
Pete

.
Attached Image (click to enlarge)
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  • #202
  • Sep 24, 2022 4:01am Sep 24, 2022 4:01am
Quoting TimeTells
Good fortunes to all (Hi Anthony -sunnyc- great to see you around also pal). all the best spzd Pete . {image}
Hi Pete.

Always great to read your inputs.

Keep them coming at your own pace.
Empty your mind and let the market guide you
  • #203
  • Sep 24, 2022 1:54pm Sep 24, 2022 1:54pm
Quoting TimeTells
Cheers spzd, in my humble opinion our markets are highly organised, In fact I don't expect i could trade if they weren't How we each trade is what we have 'found' for ourselves with help along the way There are still some out there (edit: on other threads lol ) commanding that their way is the only way I see them as like clowns, but not disrepectfully so, just as some who make me smile The Yen BOJ intervention (or threat thereof, we wont find out till months end what the BOJ did, and they will announce their forex involvement they say)...
I appreciate very much you taking time to post here.

I agree that the markets are highly organised. What causes that is up for debate. I added GBP/JPY.

As long as the market moves enough to make a trade is all I care about when it comes to the future.

Take care Pete,

Mark
Mark ... Everything you have been told is a LIE
  • #204
  • Sep 24, 2022 2:44pm Sep 24, 2022 2:44pm
As suggested (and some think I don't listen), watchlist iteration 45012 or something like that ...


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Mark ... Everything you have been told is a LIE
  • #205
  • Sep 24, 2022 3:45pm Sep 24, 2022 3:45pm
Quoting SunnyCoast
{quote}
Hi Pete. Always great to read your inputs. Keep them coming at your own pace.
Quoting spzd
{quote}
I appreciate very much you taking time to post here.
I agree that the markets are highly organised. What causes that is up for debate.
I added GBP/JPY. As long as the market moves enough to make a trade is all I care about when it comes to the future. Take care Pete, Mark

Cheers Mark, cheers Anthony.

Forex is a demanding game and we can learn something each time we open a chart (about the past, about the 'now', and hopefully for the future).

This organisation thing we both mention Mark is the hottest topic we traders can have. Andy (Moodybot) put up a whole thread on it a couple of years back called
"Real or Algo" and after thinking about this stuff for most of my forex life I came to the same conclusion, it does not matter much at all (to me anymore).
In the end we trade what we see from what we have learned.

All the best for the coming week guys.
  • #207
  • Sep 24, 2022 11:17pm Sep 24, 2022 11:17pm
Quoting bluesteele
Hi Spzd.... Heres a pdf from another trader ..Its the start of his playbook...maybe some helpful stuff so thought id share.. All the best Blue {image}
I love these little weekend reads. Always a nugget or two in them to ponder and to learn from.

I'm enjoying this little journal. Keep the good stuff coming.
Empty your mind and let the market guide you
  • #208
  • Sep 25, 2022 9:52am Sep 25, 2022 9:52am
Quoting bluesteele
Hi Spzd.... Heres a pdf from another trader ..Its the start of his playbook...maybe some helpful stuff so thought id share.. All the best Blue {image}
Thank for the pdf, blue
I really like this because I can't understand English through the video.
  • #210
  • Sep 25, 2022 11:36am Sep 25, 2022 11:36am
Quoting bluesteele
A beautiful sunny Sunday morning here on west coast of Canada Heres a couple of nuggets from T721's thread 29yrs Trading & Still Here.... The book has alot of very good charts in fact it is 100 pages or so of charts all showing stop hunts...25 pip stop hunts... Now where have you heard that before I only glanced thru but I may print them out as I love pouring over charts. As it ingrains it into your mind.. I dont care how good you are you never stop going over the basics in one way or another... At least if you expect to perform and...
Thanks Blue,

Sunny Sunday here also. Getting ready to watch my (American) football team. Kansas City Chiefs

I have noticed lots of overlap with PA methods. Stacey even mentioned the 1000 pip box in a video. Straight from Quarters Theory.

I am still weak on the 3 push/day. I do have the 3 bar high/low formation down. One the easiest duh moments I have had.

My main focus is identifying highs and lows and trading from them. Studying the Asian session I see that being able to make as early an ID as possible will be beneficial. It helps to know that Asia is based off the previous US session.

Take care
Mark ... Everything you have been told is a LIE
  • #212
  • Sep 26, 2022 12:14am Sep 26, 2022 12:14am
What an intro to the BOJ it was today Mark.

I can only surmise, I have no 'factual' info to pass on lol, but ...
I'm going with the thought that the Yen Intervention was today and not last Friday (Japan Bank Holiday) which was just a preparation maybe (for those in the know).

Still 670 pips today was very impressive, would have been great to be trading WITH that run but I was only watching on (in awe).

twas all done essentially in 4 x 1 minute candles, so traders were either swept along 'with it' or they were scrambling to hit the close button.

There was 'soft' news (not red) at the half hour before the move PLUS an impending tentative & unknown (at the time) timing for BOJ Gov Kuroda to make a speech.

I since tracked this article down that has the speech coming up in the next half-hour at 08:30 standard chart time.
https://www.forexlive.com/centralban...ents-20220925/

Maybe all the juice is out of the ADR move now and it will start cycling in between the hi's and low's. I don't know (ever) I just keep my eyes open.

And reflecting back on the idea of "organisation" within the forex markets it was interesting to pullback and zoom out on the daily chart,
to see what showed up on the chart with any PRICE lineups, after the rush was all over.

Price of course is just a horizontal LINE on a chart when you look over far at the right-hand axis and there it is, all 6 digits, PRICE

Food for thought is all, market was too quick for me in this big move and I had no interest of jumping into the washing-machine later, full of hungry sharks

The blue line at the very bottom lined up today, with back on Dec 21, and this horizontal price line view has occasionally been referred to as Market Mechanics

all the best again folks

.
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  • #213
  • Sep 26, 2022 4:29am Sep 26, 2022 4:29am
Cable summary trades. Didn't draw my usual levels from highs that are usually off the chart to the left before London opens, because the fall of cable during the early hours ( UK time) was off the cliff !!
traded off 25 and 50 levels etc per Stacey. Getting to like trading off lines and TA price action
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every Saint has a past. Every Sinner has a Future
  • #214
  • Sep 26, 2022 5:15am Sep 26, 2022 5:15am
Quoting TimeTells
What an intro to the BOJ it was today Mark. I can only surmise, I have no 'factual' info to pass on lol, but ... I'm going with the thought that the Yen Intervention was today and not last Friday (Japan Bank Holiday) which was just a preparation maybe (for those in the know). Still 670 pips today was very impressive, would have been great to be trading WITH that run but I was only watching on (in awe). twas all done essentially in 4 x 1 minute candles, so traders were either swept along 'with it' or they were scrambling to hit the close button....
Yes - and fascinating how price goes up off that blue line you refer to, then curves downwards to it's point of origin level to the left ( 149300) and makes what looks like a big Pin?
It's what to do with this phenomenon that puzzled me. Saw something like it on ICT vids but was too complicated for me
every Saint has a past. Every Sinner has a Future
  • #215
  • Edited 5:53am Sep 26, 2022 5:19am | Edited 5:53am
Quoting bluesteele
A beautiful sunny Sunday morning here on west coast of Canada Heres a couple of nuggets from T721's thread 29yrs Trading & Still Here.... The book has alot of very good charts in fact it is 100 pages or so of charts all showing stop hunts...25 pip stop hunts... Now where have you heard that before I only glanced thru but I may print them out as I love pouring over charts. As it ingrains it into your mind.. I dont care how good you are you never stop going over the basics in one way or another... At least if you expect to perform and...
"AS well for those who study SB take note of the basic day count and the Stop Hunt and reversal
Day 3...."


I am trying ( as my wife says) - but love the levels now. Zooming out helps an awful lot - Trading confidence has improved a lot lately but still much to learn.
every Saint has a past. Every Sinner has a Future
  • #216
  • Sep 26, 2022 5:57am Sep 26, 2022 5:57am
Quoting turnip15
{quote}
Yes - and fascinating how price goes up off that blue line you refer to, then curves downwards to it's point of origin level to the left ( 149300) and makes what looks like a big Pin? It's what to do with this phenomenon that puzzled me. Saw something like it on ICT vids but was too complicated for me

Hi turnip,

Happens all the time mate.
Just that it doesn't happen everytime
(which is what tricks traders I reckon and has other gurus therefore concluding it can't work, and imho sadly they miss the beauty of such market repetitions).


Both Mark & Kev (Blue) have rekindled the S Burke info sessions,
which incorporate (and as Stacey says has been going on in markets for 100 years) the 3-level pushes (which are fractal)

and then where Stacey talks about them holding price up there (or down) for an extended period of time before the vertical drops/rises.
I started calling then inflection points after a graphic I saw but it is ALL the same Market Behaviour & Market Mechanics

and

unless the market price is setting off for a brand new structural dimension conclusion (trend) for a period, then price often reverts right back to "where it started"
Stacey then will mention Buy Low-Sell High which a lot in the industry now call value trading

Have a read again of Mark's great 2nd post on this Journal thread here as a lot of early info gets lost as threads progress.

Quoting spzd
The best decision I have ever made in my trading history (and I have been doing this part time for almost 30 years) is adapting Stacey Burke's method. All FREE. All the info he has put out the last three years - SAME. A very viable method that is completely wash, rinse, repeat. Time HOD/LOD BRN Basic entry using pin-hammer and engulfing bars. All easily tradable off the M15 chart. This method truly is simplicity at its best. Then you go and trade it live the first time and realize you need to touch up on chart reading. (My excuse to the wife is...

Here's also a couple of charts I still had on file, one from a year ago and one from 6 mths ago -
same market mechanics, just NOT every time that's all,
3 pushes, stall/holding, collapse or runup

.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPYM1 some things needed some things NOT lol.png Size: 26 KB
  • #217
  • Sep 26, 2022 6:08am Sep 26, 2022 6:08am
Printed those off. Thankyou very much TT
Yes - Marks got a great thread here

Just to confirm -my print out is hazy, but is the first chart hourly?
EDIT: Scrub the question -putting cursor over map shows one hour time frame - Duh !!
Thanks
every Saint has a past. Every Sinner has a Future
  • #218
  • Sep 26, 2022 6:10am Sep 26, 2022 6:10am
Quoting turnip15
Printed those off. Thankyou very much TT Just to confirm -my print out is hazy, but is the first chart hourly? Thanks

Yep, 1st is hourly, 2nd is 1 min chart, just to emphasise it can be fractal behaviour (ie market behaviour happens on all timeframes)
  • #219
  • Sep 26, 2022 6:13am Sep 26, 2022 6:13am
Quoting TimeTells
{quote} Yep, 1st is hourly, 2nd is 1 min chart, just to emphasise it can be fractal behaviour (ie market behaviour happens on all timeframes)
Ye gods !! You're fast on the keypad !
I just finished editing my post
every Saint has a past. Every Sinner has a Future
  • #220
  • Sep 26, 2022 6:16am Sep 26, 2022 6:16am
Quoting turnip15
{quote}
Ye gods !! You're fast on the keypad ! I just finished editing my post

hahaaa, able to as I finished my days' trading over an hour ago, so just flicking thru threads lol, will close off now have a great week t.
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