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Volman meets Burke or My journey with PA

  • #261
  • Sep 27, 2022 8:59am Sep 27, 2022 8:59am
Quoting turnip15
And the SP500 - back up like a yo - yo....that pattern again {image}
See my 2 posts at the Dutchman referencing the SP500
Mark ... Everything you have been told is a LIE
  • #262
  • Sep 27, 2022 9:05am Sep 27, 2022 9:05am
Quoting turnip15
{quote} Like a Pin or Outside engulfing bar maybe ?
Those are the one's SB mentions. There are some other patterns. That last bar on the chart creates a micro DB and has the form of a pin bar. It is large. I call these Big Heads. Go back and see how many larger pin looking bars actually work.
Mark ... Everything you have been told is a LIE
  • #264
  • Sep 27, 2022 9:24am Sep 27, 2022 9:24am
Quoting bluesteele
Keeping it tight today....2 shorts on SPX done in 20 minutes. Seen this happen enough to sell the top as it took out prev NY high. Tags the higher TF MA as shown on my colored chart is signal for me... Yes I use MA's as confluence confirmations on some trades... The 200MA and the 1000MA simple... I use on the 1M so the 1000MA shows me the 5M 200MA And etc on the 5M chart...So thats what that MA is that gets tagged on the 5M Anyhoo thats my trading day done.... Cheers Blue {image}{image}{image}
I make it so difficult
Attached Image (click to enlarge)
Click to Enlarge Name: US500_2022-09-27_15-22-48_b6bec.png Size: 157 KB
every Saint has a past. Every Sinner has a Future
  • #265
  • Sep 27, 2022 9:28am Sep 27, 2022 9:28am
Quoting bluesteele
Keeping it tight today....2 shorts on SPX done in 20 minutes. Seen this happen enough to sell the top as it took out prev NY high. Tags the higher TF MA as shown on my colored chart is signal for me... Yes I use MA's as confluence confirmations on some trades... The 200MA and the 1000MA simple... I use on the 1M so the 1000MA shows me the 5M 200MA And etc on the 5M chart...So thats what that MA is that gets tagged on the 5M Anyhoo thats my trading day done.... Cheers Blue {image}{image}{image}
Hey Blue

That's what I am working on. I see the SP500 as a serious cash cow. Very close to deciphering this beast. May give up forex at that point.

Take care

ps MAs can be very useful if you know how to use them.
Mark ... Everything you have been told is a LIE
  • #266
  • Sep 27, 2022 9:32am Sep 27, 2022 9:32am
Quoting turnip15
{quote} I make it so difficult {image}
One thing that will help is to use the knowledge in a way that you feel comfortable. I started with H/L and candle patterns and looked and looked and looked and looked some more until I felt confident I could ID them live. Now I need to learn to be more patient and get the hit rate way up there.

You really have to make the methods your own. I can vouch for the fact that attempting to directly copy a method does not work.
Mark ... Everything you have been told is a LIE
  • #267
  • Sep 27, 2022 9:35am Sep 27, 2022 9:35am
Quoting turnip15
{quote} I make it so difficult {image}
That's it. I'm taking my few pips and running. I cannot work out from here where price might go - so rather than taking a raw "guess" I am leaving the ring
every Saint has a past. Every Sinner has a Future
  • #268
  • Sep 27, 2022 9:36am Sep 27, 2022 9:36am
Quoting spzd
{quote} One thing that will help is to use the knowledge in a way that you feel comfortable. I started with H/L and candle patterns and looked and looked and looked and looked some more until I felt confident I could ID them live. Now I need to learn to be more patient and get the hit rate way up there. You really have to make the methods your own. I can vouch for the fact that attempting to directly copy a method does not work.
Very true. And doing nothing has helped me enormously
every Saint has a past. Every Sinner has a Future
  • #269
  • Edited 9:52am Sep 27, 2022 9:40am | Edited 9:52am
Quoting bluesteele
Keeping it tight today....2 shorts on SPX done in 20 minutes. Seen this happen enough to sell the top as it took out prev NY high. Tags the higher TF MA as shown on my colored chart is signal for me... Yes I use MA's as confluence confirmations on some trades... The 200MA and the 1000MA simple... I use on the 1M so the 1000MA shows me the 5M 200MA And etc on the 5M chart...So thats what that MA is that gets tagged on the 5M Anyhoo thats my trading day done.... Cheers Blue {image}{image}{image}
That's what I missed in my initial preparation - must use them 15m charts more.
every Saint has a past. Every Sinner has a Future
  • #270
  • Sep 27, 2022 9:50am Sep 27, 2022 9:50am
Quoting turnip15
{quote} I make it so difficult {image}
I took my few pips earlier. Then the train surged forward without me. But better a few pips than watching your position sink deeper into the murky depths. That's what I tell myself anyway
Attached Image (click to enlarge)
Click to Enlarge Name: US500_2022-09-27_15-48-10_600b2.png Size: 185 KB
every Saint has a past. Every Sinner has a Future
  • #272
  • Sep 27, 2022 10:28am Sep 27, 2022 10:28am
Quoting bluesteele
{quote} Yes your last paragraph is so true. It's like I always say it's you vs you..... So we really need to make our methods and setups our own and not try to directly copy somebody else's ways. . Another little tidbit speaking of indices., Is if you're Trading SPX it's wise to watch the US 30.. for the simple fact that the setup might be more clear on either one which you may not see if you're just watching the SPX for example... A good example was this morning just on the equity open us 30 ran down made a nice Wick off the 200MA .. I was very...
Being new (again) to this type of trading I am having the best time in a while. This entire PA game is beyond fascinating. Since coming back to it from a different angle this time it has made a world of difference. I would challenge anyone to delve into this world. I am having so much fun that I am starting the Brooks 3 book series again.

I am already seeing ways the two stocks MSFT/APPL can help. Will need to work on this some more.

Like now it is coming down (thanks Fed) again. I used S/R (yeah I used those words) from the stocks, along with a couple small pins to go short on SP500. Going to see how far this ride goes.

I feel like a kid in a candy store.
Mark ... Everything you have been told is a LIE
  • #273
  • Sep 27, 2022 10:32am Sep 27, 2022 10:32am
Entry short was at 10:50 ET at 3716.50
Mark ... Everything you have been told is a LIE
  • #274
  • Sep 27, 2022 10:33am Sep 27, 2022 10:33am
Current stop at 3690.25
Mark ... Everything you have been told is a LIE
  • #275
  • Sep 27, 2022 10:36am Sep 27, 2022 10:36am
Price is just above BRN 3675
Mark ... Everything you have been told is a LIE
  • #276
  • Sep 27, 2022 10:38am Sep 27, 2022 10:38am
Either get stopped out at above price or it will break below the 75 and I can get a new SL
Mark ... Everything you have been told is a LIE
  • #277
  • Sep 27, 2022 10:39am Sep 27, 2022 10:39am
Looking like stopped
Mark ... Everything you have been told is a LIE
  • #278
  • Sep 27, 2022 10:45am Sep 27, 2022 10:45am
Closed 3685.00

Need to make breakfast.

I am happy!
Mark ... Everything you have been told is a LIE
  • #279
  • Sep 27, 2022 11:03am Sep 27, 2022 11:03am
TPA:Trends by ABrooks

" ...
Just look at Edwards and Magee.
The best traders in the world have been using those ideas for decades and
they continue to work, again for the same reason—charts look the way they do because that is the unchangeable fingerprint of an efficient market
..."
Mark ... Everything you have been told is a LIE
  • #280
  • Sep 27, 2022 11:14am Sep 27, 2022 11:14am
Quoting spzd
{quote} Being new (again) to this type of trading I am having the best time in a while. This entire PA game is beyond fascinating. Since coming back to it from a different angle this time it has made a world of difference. I would challenge anyone to delve into this world. I am having so much fun that I am starting the Brooks 3 book series again. I am already seeing ways the two stocks MSFT/APPL can help. Will need to work on this some more. Like now it is coming down (thanks Fed) again. I used S/R (yeah I used those words) from the stocks,...
But I found his video's (his voice) soporific. Fortunately, many of them were annotated and updated with text as the video's ran forward - so one could turn the sound off and read the text along with the charts
every Saint has a past. Every Sinner has a Future
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