Volman meets Burke or My journey with PA | Page 12 | Forex Factory

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Volman meets Burke or My journey with PA

  • #221
  • Sep 26, 2022 6:27am Sep 26, 2022 6:27am
Quoting TimeTells
{quote} 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.
I usually finish at 10am, then read posts etc until wife finds me jobs
every Saint has a past. Every Sinner has a Future
  • #222
  • Sep 26, 2022 7:56am Sep 26, 2022 7:56am
Quoting bluesteele
{quote} Perfect ! Go Chiefs I have them in the win column of my pool of 13 this week Yes the quarters theory.. Nothing new in trading as they say..therefore overlap.. Cheers and enjoy your Sunday ! K
Damn. Sorry about the Chiefs (Griefs). Offense sucked yesterday. Oh well.
Mark ... Everything you have been told is a LIE
  • #223
  • Sep 26, 2022 8:29am Sep 26, 2022 8:29am
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....
Interesting.

The intervention may have caused the collapse of the pound while "news" blames tax cuts.

I looked at the daily USD_JPY and it looks like three days couple weeks where BoJ could have entered the market. Seems to be a line in the sand at the top.

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This was just a few minutes before the big move.

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Mark ... Everything you have been told is a LIE
  • #224
  • Sep 26, 2022 8:36am Sep 26, 2022 8:36am
Quoting turnip15
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 {image}

This is a good way to trade. Since I use candle patterns for my entries at the H/L, the hardest part is instant recognition. Should not take too long though as I am currently living in the charts.


Wife is fine with this as I am at home now instead of gone for weeks on end.
Mark ... Everything you have been told is a LIE
  • #225
  • Sep 26, 2022 8:40am Sep 26, 2022 8:40am
Quoting turnip15
{quote} "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.
I have settled into day trading the highs and lows. Repeatable. Scalable.

I have never been good at sitting on a trade for more than a couple hours.
Mark ... Everything you have been told is a LIE
  • #226
  • Sep 26, 2022 9:08am Sep 26, 2022 9:08am
When was the last time the USD had all other currencies on the ropes?

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Mark ... Everything you have been told is a LIE
  • #227
  • Sep 26, 2022 10:17am Sep 26, 2022 10:17am
Quoting TimeTells
{quote} 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...
And it happens again - levels.
I think I grasped levels but still have to learn to spot pump and dumps ( at important levels)
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every Saint has a past. Every Sinner has a Future
  • #228
  • Sep 26, 2022 10:30am Sep 26, 2022 10:30am
These Double Tops off a 50 Level. The sort of thing Stacey trades off ?
( ignore rectangle -that was stalking breakout hopeful)
Not traded by me
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every Saint has a past. Every Sinner has a Future
  • #229
  • Sep 26, 2022 10:34am Sep 26, 2022 10:34am
Quoting turnip15
These Double Tops off a 50 Level. The sort of thing Stacey trades off ? ( ignore rectangle -that was stalking breakout hopeful) Not traded by me {image}

DT/DB are good patterns. Catch them at the right time. On the downside they are never confirmed until the second bar closes.
Mark ... Everything you have been told is a LIE
  • #230
  • Sep 26, 2022 10:47am Sep 26, 2022 10:47am
Been doing a little scalping on the MES. Need to learn to give it a bit more room to move. I am playing it a bit tight. 3 W 1 L

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Mark ... Everything you have been told is a LIE
  • #231
  • Sep 26, 2022 10:52am Sep 26, 2022 10:52am
Monday FX/MES 6 W 2 L

GBP_AUD 2 W
GBP_JPY 1 W
EUR_NZD 1 L
MES 3 W 1 L

Can't complain.
Mark ... Everything you have been told is a LIE
  • #232
  • Sep 26, 2022 10:55am Sep 26, 2022 10:55am
I use an app that takes a screen shot at a specified time. I set it to every 30 seconds when I am trading. I then go back and study the play film.

You want to get good at this game, you need to put in the hard work.
Mark ... Everything you have been told is a LIE
  • #233
  • Sep 26, 2022 10:58am Sep 26, 2022 10:58am
Quoting turnip15
These Double Tops off a 50 Level ( Pinky Circles). The sort of thing Stacey trades off ? ( ignore rectangle -that was stalking breakout hopeful) Not traded by me {image}
@Timetells
Hah ! I thought price curves around from "X" to "Y"
No -Zoomed out and price had potential for reaching levels "A" "B" "C" !!!
Interesting stuff

EDIT: just realised that had a Stacey short been taken from the Pink circle cluster then my targets would have been "Y" and downwards, including intervening lows to the left, down to "C"
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every Saint has a past. Every Sinner has a Future
  • #234
  • Sep 26, 2022 11:02am Sep 26, 2022 11:02am
Quoting turnip15
{quote} @Timetells Hah ! I thought price curves around from "X" to "Y" No -Zoomed out and price had potential for reaching levels "A" "B" "C" !!! Interesting stuff {image}
Funny how all this works, isn't it?
Mark ... Everything you have been told is a LIE
  • #235
  • Sep 26, 2022 11:04am Sep 26, 2022 11:04am
Quoting spzd
I use an app that takes a screen shot at a specified time. I set it to every 30 seconds when I am trading. I then go back and study the play film. You want to get good at this game, you need to put in the hard work.
Do you have a link please SP?
every Saint has a past. Every Sinner has a Future
  • #236
  • Sep 26, 2022 11:08am Sep 26, 2022 11:08am
Quoting turnip15
{quote} Do you have a link please SP?
Check your DM
Mark ... Everything you have been told is a LIE
  • #237
  • Sep 26, 2022 11:22am Sep 26, 2022 11:22am
Made one, big, final change to my FX watch list. I have decided to go for movement as opposed to value per pip. I have decided to trade two JPY pairs.

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Mark ... Everything you have been told is a LIE
  • #238
  • Sep 26, 2022 11:40am Sep 26, 2022 11:40am
My FX trading is with a prop firm. My MES trading is my personal account.

The spreads on the prop firm are exceptionally thin. So thin I could trade the EUR_USD on a 5 minute chart like Volman (which is something I may try after I get better at it). Or I could scalp it with ease. When I open my personal FX account the spreads look like canyons compared to the prop firm. Think I will close my personal forex accounts and just trade currencies through prop firms. Become a contract worker from home.

Well on my way to making this work. Even seeing a point in the not-too-distant future where I am not at the charts 100% 24/7 like it feels now.

Should have committed to this route long ago. Can kick myself in the ass because when I first started trading it was along these lines. Fucking indicators.
Mark ... Everything you have been told is a LIE
  • #239
  • Sep 26, 2022 11:50am Sep 26, 2022 11:50am
Great time to be trading. Crazy times lead to volatility which results in good movement. Learn the basics and run with it.
Mark ... Everything you have been told is a LIE
  • #240
  • Sep 26, 2022 12:08pm Sep 26, 2022 12:08pm
I'm going to do a series of posts showing how I go about looking at the FX charts every day. I don't spend much time with prep as it is a basic process. I also do not care much about "new" other than to know when the red-letter data releases are so I can take a break. I do not care about predicting anything other than that my current trade is in the correct direction. I don't get paid for saying what it will do tomorrow or next week. I get paid for making correct trades. Period.
Mark ... Everything you have been told is a LIE
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