Volman meets Burke or My journey with PA | Page 2 | Forex Factory

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Volman meets Burke or My journey with PA

  • #21
  • Sep 7, 2022 11:34am Sep 7, 2022 11:34am
Quoting Hasang
Great topic, first of all thank you. This topic can help me a lot, because my english is very poor, so watching videos on youtube is difficult. I'm following the Flying Dutchman thread, it's really fascinating, but very confusing for me (maybe I'm not very smart hhh). But I've been focused on Blue (bluesteele) and am reading every single one of his posts from 2021 (Sorry for peeking at you, thank you for sharing good things - Blue hhh, ). Hope to learn a lot from your topic. Please continue to share lots of charts!
Thanks. This is the only way to trade and I have been playing this game for awhile.

This is the G$ from today.

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Mark ... Everything you have been told is a LIE
  • #22
  • Sep 7, 2022 12:46pm Sep 7, 2022 12:46pm
The simplicity of this method is very apparent, the execution can be much more complex. Look at all levels as DYNAMIC and in a constant state of change. Even consolidation is part of the constant change. Since we are learning how to determine roughly when a new high/low has been created, we can use this flow to make our trades. These entries have their own criteria, but can only be done by being able to identify highs/lows while they form.
Mark ... Everything you have been told is a LIE
  • #23
  • Sep 7, 2022 1:18pm Sep 7, 2022 1:18pm
And if you really implement this the way he shows, which I am in the process of doing, the discipline created by the timings should be enough to transform anyone's results for the better.
Mark ... Everything you have been told is a LIE
  • #24
  • Sep 7, 2022 1:40pm Sep 7, 2022 1:40pm
Starting with structure and HOD/LOD and the things that result like PFH/PFL Peak Formation High/Low.

But first I think I will scramble some eggs. Need some brain food.
Mark ... Everything you have been told is a LIE
  • #25
  • Sep 7, 2022 4:00pm Sep 7, 2022 4:00pm
Quoting spzd
Until this video I was still a bit lost on PFH/PFL Peak Formation High/Low. These are the last major high and low that affect the area the market is currently at. https://www.youtube.com/watch?v=qBSAYOK-Rk8
Just what I needed because I was pondering same issues; thankyou
every Saint has a past. Every Sinner has a Future
  • #26
  • Sep 7, 2022 4:28pm Sep 7, 2022 4:28pm
I will (mostly) use conventional terms. It's the only - chart - language most speak and what's easiest for me.

[adding to first post]
Mark ... Everything you have been told is a LIE
  • #27
  • Sep 7, 2022 4:59pm Sep 7, 2022 4:59pm
Quoting turnip15
{quote} Just what I needed because I was pondering same issues; thankyou
Post it as I go. Hope as time goes on it helps.
Mark ... Everything you have been told is a LIE
  • #28
  • Edited 5:59pm Sep 7, 2022 5:48pm | Edited 5:59pm
Hi guys, let me give a gentle reminder about blindness which affect every trader. I wrote about the solution here.
https://www.forexfactory.com/thread/...7#post14123707

You have a strategy that work for you, never copy someone else. The next step is to work on yourself while trading your strategy. As I wrote earlier, the gateway to success is whether you overcome blindness in real time. To do that you have to master tunnel vision. Cheers.

***one more thing, the use of normal layman language, it's important. The less you use fancy jargon the less indoctrinated you become, it's a detox therapy - frees you to think simple and logical.
Know what you trade
  • #29
  • Sep 7, 2022 7:15pm Sep 7, 2022 7:15pm
All the times mentioned will be in US EDT (EST) - New York time. A new day starts at 1700 (5 pm). This coincides with roll-over. This is not a teaching journal. I will describe this method as I understand it and will try to do that as briefly as I can. Any and all discussion is welcome. Do not expect all the answers from me as I am new to this way of trading as others are. Even so, I see no reason to not move forward as this is trading how it is meant to be. I'm thinking the essence of this method can be covered in a few posts. I will be posting from the US session perspective, 0800 to 1100 EDT (EST).

This is a look at the structure and the daily highs/lows are but also areas where the peak formation highs and lows are. The 3 level up move is clear. Burke says the week starts anew every Monday with influence carried over from Friday. Each day consist of 3 sessions.

As long as you think of price levels as semi-fluid you should be able to grasp the extremes as they move up and down. Price will move more rapidly up or down from mostly pre-established zones then consolidate for the next move. This can clearly be seen. The controlling factor of these price zones (boxes) are the PFH/PFL. These are created from the previous 2 sessions in most cases.

The primary highs and lows are the most recently created with some main targets being recent major highs or lows. This will become evident closer in. There are also levels (sweet spots) at the 00 and 50 areas primarily and the 25 and 75 areas that denote areas of interest. Then it becomes a matter of waiting for a candle pattern to form near the confluence of all the previous during your trading window.

The main mentioned entry pattern is a pin-hammer locked in by an engulfing bar at near specified levels and time.

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Mark ... Everything you have been told is a LIE
  • #30
  • Sep 7, 2022 9:02pm Sep 7, 2022 9:02pm
Here is this week so far. The horizontal lines show where price creates new highs and lows. These become PFH/PFL. You can see better how price reacts to the various levels.

My session boxes are only 1 hour and cover the middle hour of each session. I do this for less distraction. Each session extends an hour each way to cover a 3 hour period. You can clearly see that most of the highs and lows form during session times. There is time concept he uses called 915 in which the H4 H1 and M15 all come together. More on this latter.

One mor thing. The start of each new day is influenced by the highs and lows from the last US session then evolve as price moves.

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Mark ... Everything you have been told is a LIE
  • #31
  • Sep 7, 2022 9:54pm Sep 7, 2022 9:54pm
Here is today Wed 9.07.2022

By my count this was a 3 push up day.

Points A and B are the PFL/PFH from yesterday. This led to C which is the new low established by Asia and holds for a London test at (didn't mark it). In between was point D which was retested itself. This point is at the 25 level.

This goes to a new double low E and a new double high E1 followed quickly by a retest of E. Which was another double low.

This shot up to F then settled at G to form a consolidation block. Then price crawled up to H forming the HOW before coming back to the new low at I.

My trading day starts around point G and goes to around point I. I did not see an entry that was good for me on this pair today. It was, like all markups, a chance to get into the PA.

Each pair moves in a similar fashion whether up, down, or sideways. Each day is the same. You start with the Structure and the Highs/Lows, watch for the levels at the timings (session periods), take an entry if its there.

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Mark ... Everything you have been told is a LIE
  • #32
  • Sep 7, 2022 10:14pm Sep 7, 2022 10:14pm
Going to see if we can tackle this request next. Maybe tomorrow.

I try and trade the equity opens, London and New York. Most of the time i look for reversals around RN, Timing, pinbars, etc. I just needed some advice on how to locate or identify a continuation and not reversal cos at times at equity opens there is little pullback but long continuation on a trending market. Any input will be much appreciated.
Mark ... Everything you have been told is a LIE
  • #33
  • Sep 7, 2022 11:26pm Sep 7, 2022 11:26pm
Quoting spzd
Going to see if we can tackle this request next. Maybe tomorrow. I try and trade the equity opens, London and New York. Most of the time i look for reversals around RN, Timing, pinbars, etc. I just needed some advice on how to locate or identify a continuation and not reversal cos at times at equity opens there is little pullback but long continuation on a trending market. Any input will be much appreciated.
The short answer is timings and HOD/LOD or significant H/L.

If you are looking for reversals means you need to be at a high or low. You would prefer that h/l was near a level. then wait for a signal. Sometimes a signal you trade never comes, then you miss the trade. Oh well. If you get a signal take it. If it's valid profit will come quick.

Continuations seem to be pauses between levels or if at levels it id not a high/low, just a pause.
Mark ... Everything you have been told is a LIE
  • #34
  • Sep 7, 2022 11:33pm Sep 7, 2022 11:33pm
I will find some examples and go into this more. This involves everything so it is just distinguishing a couple aspects.
Mark ... Everything you have been told is a LIE
  • #35
  • Sep 8, 2022 5:11am Sep 8, 2022 5:11am
Quoting spzd
... This is likely the result of hours of chart time and absorbing all that data into my subconscious and now it's all gushing out. (my wife thinks I am being a bit obsessive in my new endeavor, but when you are finally achieving that which has eluded you .... So, this will be that occasionally posted journey. I will (mostly) use conventional terms. It's the only - chart - language most speak and what's easiest for me. Charts are coming ...
This will be a momentous victory for all of us, albeit the struggle continues. More powers to you sir! I wish you all the best!
The market hides a perfect geometry.
  • #36
  • Sep 8, 2022 8:15am Sep 8, 2022 8:15am
Some candle patterns

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I "stole" this from @T721

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Mark ... Everything you have been told is a LIE
  • #37
  • Sep 8, 2022 8:34am Sep 8, 2022 8:34am
some extra stuff for you spzd
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Attached File(s)
File Type: pdf Bank trader strategy.pdf   2.2 MB | 452 downloads
File Type: pdf doubledoji.pdf   123 KB | 392 downloads
File Type: pdf The_Inner_Voice_of_Trading_by_Michael_Martin.pdf   1.2 MB | 1,641 downloads
  • #38
  • Sep 8, 2022 8:45am Sep 8, 2022 8:45am
Quoting spzd
I will find some examples and go into this more. This involves everything so it is just distinguishing a couple aspects.
SP - I have to mark in my Stacey lines by hand on my Tradingview chart.
Is the shown example correct please ?
Thanks
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every Saint has a past. Every Sinner has a Future
  • #39
  • Sep 8, 2022 8:52am Sep 8, 2022 8:52am
The Bank Trader Strategy above shows how to trade a W pattern. See if you can find it on GU today on the pullback. look at the 15min time frame. Let me know if you see it, if not i will show you the chart
  • #40
  • Sep 8, 2022 9:08am Sep 8, 2022 9:08am
Quoting turnip15
{quote} SP - I have to mark in my Stacey lines by hand on my Tradingview chart. Is the shown example correct please ? Thanks {image}
That works. TradingView was great when I was into indicators. It is a bit lacking when you just want price levels.

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Mark ... Everything you have been told is a LIE
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