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Volman Style (70-tick chart)

  • #201
  • Oct 15, 2020 7:14pm Oct 15, 2020 7:14pm
Hey Everyone - Been Trading Bob Volmans Method for sometime. Read both books vigirously but failing miserable to act in the moment. Perhaps as Bob pointed out its driven by fear (or embarrasingly " the quality of one's education".

Ive been trading literally .01 lots and can't find the courage to pull the trigger despite seeing things clearly at times.

I've read all the posts on this forum and I am suprised that no one has mentioned backtesting. Has anyone found a good backtesting combo. I feel as though I need to get over this psychological hump. Any help would be appreciated.
  • #202
  • Oct 15, 2020 10:48pm Oct 15, 2020 10:48pm
Quoting trinidad316
Hey Everyone - Been Trading Bob Volmans Method for sometime. Read both books vigirously but failing miserable to act in the moment. Perhaps as Bob pointed out its driven by fear (or embarrasingly " the quality of one's education". Ive been trading literally .01 lots and can't find the courage to pull the trigger despite seeing things clearly at times. I've read all the posts on this forum and I am suprised that no one has mentioned backtesting. Has anyone found a good backtesting combo. I feel as though I need to get over this psychological hump....
Back testing will not work for Colman as it's subjective, it also will not help your problem. You need to have a change of mindset and not fear the loss , one way is to allocate a learning fund or $5 a day maybe as an amount to invest and not worry, a bit like going to the movies daily. The use of an EA to manage trades is very helpful Christina Li has a reasonable one although aging, so you can set 3-6-9 pip partial close with BE arriving very soon and the gear out the door.
Give it a go just think 1 arm bandit and enjoy the game , with small amounts it can be treated as paid entertainment.

As an addition to Volman get the Time and sales on your screen and if the momentum does not assist the trade close out asap.
Pho
  • #203
  • Oct 15, 2020 11:01pm Oct 15, 2020 11:01pm
Quoting trading9
{quote} How do you convert pips to 4 digit with this ovo for Volman style trading? Are there any youtube video showing the process? Thanks !
It's an option in the indicator specifically programmed for me by Milan at Ovo.cz for trading the Volman method it really is an edge to see the setups.Pho
  • #204
  • Oct 15, 2020 11:06pm Oct 15, 2020 11:06pm
Quoting trinidad316
Hey Everyone - Been Trading Bob Volmans Method for sometime. Read both books vigirously but failing miserable to act in the moment. Perhaps as Bob pointed out its driven by fear (or embarrasingly " the quality of one's education". Ive been trading literally .01 lots and can't find the courage to pull the trigger despite seeing things clearly at times. I've read all the posts on this forum and I am suprised that no one has mentioned backtesting. Has anyone found a good backtesting combo. I feel as though I need to get over this psychological hump....
Morning.

The big trick between Stockmarket/Futures data and FX/CFD is the central orderbook.
Look at clear absorbtion on the specific levels to spot better/confirmed entries with a clear absorbtion.
That way gives you the first benefit instead of blindfold.

For me this was the most important thing to see on specific pricelevels what happens there.
Should I buy or better skip!
Risiko birgt immer auch die Chance.
  • #205
  • Oct 24, 2020 11:57am Oct 24, 2020 11:57am
Hi, thanks for sharing your valuable experience. I am planning to trade with tick chart 70, but I faced a problem and just joined here to see if anyone can help. I do all the steps carefully, download the file, add to indicators, open offline chart. But the problem is the date is shows is 1970!!! I would appreciate if you can help me with the settings.
  • #206
  • Oct 29, 2020 8:34pm Oct 29, 2020 8:34pm
Quoting Mona.k
Hi, thanks for sharing your valuable experience. I am planning to trade with tick chart 70, but I faced a problem and just joined here to see if anyone can help. I do all the steps carefully, download the file, add to indicators, open offline chart. But the problem is the date is shows is 1970!!! I would appreciate if you can help me with the settings.
What software are you using
  • #207
  • Oct 29, 2020 8:36pm Oct 29, 2020 8:36pm
Quoting Sesamstrasse
{quote} Morning. The big trick between Stockmarket/Futures data and FX/CFD is the central orderbook. Look at clear absorbtion on the specific levels to spot better/confirmed entries with a clear absorbtion. That way gives you the first benefit instead of blindfold. For me this was the most important thing to see on specific pricelevels what happens there. Should I buy or better skip!
Appreciate the info on this

This is definitely something I see as having more weight as I go deeper Ino study. Are you analyzing absorption directly from CLOB or do you have charting software integrated with order book?
  • #208
  • Oct 29, 2020 8:38pm Oct 29, 2020 8:38pm
Quoting photize
{quote} Back testing will not work for Colman as it's subjective, it also will not help your problem. You need to have a change of mindset and not fear the loss , one way is to allocate a learning fund or $5 a day maybe as an amount to invest and not worry, a bit like going to the movies daily. The use of an EA to manage trades is very helpful Christina Li has a reasonable one although aging, so you can set 3-6-9 pip partial close with BE arriving very soon and the gear out the door. Give it a go just think 1 arm bandit and enjoy the game , with...
I agree that price action is subjective but I think establishing consistency through backtesting can still help you establis h what is or what isn't your edge.

I must say I took your advice and have been trading a lot more confidently now. Appreciate the advice
  • #209
  • Oct 29, 2020 8:42pm Oct 29, 2020 8:42pm
I Also wanted to share this study guide I created a bit ago that may help in understanding just second book.

I'm yet to include his scalping material but I will in time

Open for feedback and suggestions
Attached File(s)
File Type: pdf Study Guide - V2.0 (1).pdf   231 KB | 504 downloads
  • #210
  • Oct 30, 2020 12:16am Oct 30, 2020 12:16am
Quoting trinidad316
I Also wanted to share this study guide I created a bit ago that may help in understanding just second book. I'm yet to include his scalping material but I will in time Open for feedback and suggestions {image}
Well Trinidad.
I have not read the whole guide yet but appears to be an excellent piece of work and great that you give it freely.
Many thanks
Pho
By the way , looking at the detail included you may consider a spreadsheet to evaluate the rules in forward testing, it would ultimately journal all trades and graph results, times of day Sl optimisations etc etc etc , pm me I have a broad if slightly dated one somewhere if required.
  • #211
  • Oct 30, 2020 12:29am Oct 30, 2020 12:29am
Quoting Mona.k
Hi, thanks for sharing your valuable experience. I am planning to trade with tick chart 70, but I faced a problem and just joined here to see if anyone can help. I do all the steps carefully, download the file, add to indicators, open offline chart. But the problem is the date is shows is 1970!!! I would appreciate if you can help me with the settings.
Simple solution Mona
Goto ovo.cz and get the tick / constant volume chart indicator , test it out and you will never look back, simple instant charts and 4 digits for Volman trading.
I am not affiliated just a great product for Volman.
Pho
  • #212
  • Oct 30, 2020 12:35am Oct 30, 2020 12:35am
Quoting Sesamstrasse
{quote} Morning. The big trick between Stockmarket/Futures data and FX/CFD is the central orderbook. Look at clear absorbtion on the specific levels to spot better/confirmed entries with a clear absorbtion. That way gives you the first benefit instead of blindfold. For me this was the most important thing to see on specific pricelevels what happens there. Should I buy or better skip!
Great info Sesam.
When trading Volman style I run mt5 AMP demo they have all the futures required with 2nd level data and you can simply run the time and. Sales / Dom along side your normal trading platform then you can have the best of both worlds and get an edge on orderbook orderflow assisting your entry.
Cheers Pho
  • #213
  • Edited 5:52am Oct 31, 2020 5:26am | Edited 5:52am
Quoting trinidad316
{quote} Appreciate the info on this This is definitely something I see as having more weight as I go deeper Ino study. Are you analyzing absorption directly from CLOB or do you have charting software integrated with order book?
Hi Trinidad.
I use a payed charting software that helps me to figure out the context of the actual movement.

But I´m too new to futures to explain what I am doing exactly.
Basicly I look for absorbtions on specific areas, influenced by


These 2 "Systems"
https://www.forexfactory.com/thread/...-forex-is-hard

and

https://www.forexfactory.com/thread/224697-the-dance (Original)
https://www.forexfactory.com/thread/...-choros-system (Continuation)


Quoting photize
{quote} Great info Sesam. When trading Volman style I run mt5 AMP demo they have all the futures required with 2nd level data and you can simply run the time and. Sales / Dom along side your normal trading platform then you can have the best of both worlds and get an edge on orderbook orderflow assisting your entry. Cheers Pho
Hi Pho.
Nope, level 2 isn t enough-- 5 is neccessary to see the important 1-5% of the volume that decides my entries and
exits.

Good luck
Risiko birgt immer auch die Chance.
  • #214
  • Oct 31, 2020 6:11am Oct 31, 2020 6:11am
{quote} Hi Pho. Nope, level 2 isn t enough-- 5 is neccessary to see the important 1-5% of the volume that decides my entries and exits. Good luck[/quote]
All good Sesam
Fortunately the flow is in the candles especially volume as the movement is directly associated to ticks or roughly assimilated to trades , if you can see the pressure build and pull the trigger a simple block adjusted T+S just helps confirm the breaks or close the trade as the gates did not open. Keep it simple and happy pips Pho
  • #215
  • Edited 8:08am Oct 31, 2020 7:28am | Edited 8:08am
T+S isn t in my view, I prefer the "here and now" instead of the past.
So happy weekend and trade well.
Risiko birgt immer auch die Chance.
  • #216
  • Oct 31, 2020 10:15am Oct 31, 2020 10:15am
Quoting Sesamstrasse
T+S isn t in my view, I prefer the "here and now" instead of the past. So happy weekend and trade well.
I think we are at odds T+S is Time and sales it is just the number of sales at that time , instantaneous as it happens that's the whole reason for watching it when your expecting a pressure break.
Allen Bary had a 93% winning year but has since looked elsewhere for investments, hence his great website is no more.he has other bids this is just a quick selection. Pho
Inserted Video
  • #217
  • Nov 1, 2020 11:25pm Nov 1, 2020 11:25pm
Quoting photize
{quote} I think we are at odds T+S is Time and sales it is just the number of sales at that time , instantaneous as it happens that's the whole reason for watching it when your expecting a pressure break. Allen Bary had a 93% winning year but has since looked elsewhere for investments, hence his great website is no more.he has other bids this is just a quick selection. Pho https://youtu.be/w48igU-ZWjY

Even if the platform like ATAS is able to group the orders to bigger clusters it´s a big difference.
Level 5 isn t level 2.

Vids like this don t catch me- It´s just a tiny piece of the puzzle.
Don t get me wrong, I´m really happy with what I´m doing- and it´s miles away from this.
I´m out.

Trade well.
Risiko birgt immer auch die Chance.
  • #218
  • Nov 1, 2020 11:59pm Nov 1, 2020 11:59pm
Quoting Sesamstrasse
{quote} Even if the platform like ATAS is able to group the orders to bigger clusters it´s a big difference. Level 5 isn t level 2. Vids like this don t catch me- It´s just a tiny piece of the puzzle. Don t get me wrong, I´m really happy with what I´m doing- and it´s miles away from this. I´m out. Trade well.
All the best Sesam most of us are above this in some way but this is the Volman forum, clean charts 70 ticks or approx 120 bars on screen (2 hours)and a 20/21ema moving average it could not get any simpler but that's Volman
  • #219
  • Dec 20, 2020 5:58am Dec 20, 2020 5:58am
Hey Everyone
It's so great to find this group,
For the last 2 months I been trading only with DD setup as I really want to master it the results are ok, but what I really notice is that I either entering to early or existing too late.
Which brings me to my next point which is, I skipped the rest of the book and start reading the chapter on how to handle a trade, which I believe is my weakness.
  • #220
  • Edited 1:01am Jan 11, 2021 12:45am | Edited 1:01am
Quoting Andy Gandy" Yeah man! We are on the same page! I know these links. TraderAllen seems to be a very good trader. He has a chat room on his website. Im there from time to time. He doesnt trade the method exactly as Bob. He adjusted it to his own style and with different money management. For example he uses multiple take profit levels. 3, 6 and 9 pips if Im not wrong. But its normal. After you master a method you often make it to your own. I did it with my long term strategy too. Im using fxcm demo account with ninjatrader platform for my analysis, but trade with ic markets. They have low spreads and commissions. Bob mentioned that in his book too. Its better to use an external platform for charting and another broker for trading. It works well so far. If you want to use prorealtime for charting its quite expensive. It depends on how long do u want to use it, how many pairs etc. Once I calculated and I got 88/month to pay. After some time I would do it, if I`m consistently profitable with the method, but at the moment I have no need to. Demo ninjatrader is doing quite well for now. cheers"
I use HF markets to trade so can I use ninjatrader platform and fxcm demo acc to analyze
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