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Volman meets Burke or My journey with PA

  • #41
  • Sep 8, 2022 9:11am Sep 8, 2022 9:11am
Quoting T721
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
I used to not be able to see M and W for nothing. Now I see them everywhere.

When you get one at top - M / bottom - W they can be profitable.
Mark ... Everything you have been told is a LIE
  • #42
  • Sep 8, 2022 9:32am Sep 8, 2022 9:32am
Quoting spzd
{quote} That works. TradingView was great when I was into indicators. It is a bit lacking when you just want price levels. {image}
What I got UK time. EDIT: Top 1500 line should read 1550

Yes - Tradingview lacks simple auto price level generation.

I am not trading this but simply observing price action around levels which is instructing in itself.
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every Saint has a past. Every Sinner has a Future
  • #43
  • Sep 8, 2022 9:54am Sep 8, 2022 9:54am
Quoting turnip15
{quote} What I got UK time. EDIT: Top 1500 line should read 1550 Yes - Tradingview lacks simple auto price level generation. I am not trading this but simply observing price action around levels which is instructing in itself. {image}
Forgot to add London and New York Trading Target Zone sessions ( UK Times )
I think these are correct ?
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every Saint has a past. Every Sinner has a Future
  • #44
  • Sep 8, 2022 9:58am Sep 8, 2022 9:58am
Quoting turnip15
{quote} What I got UK time. EDIT: Top 1500 line should read 1550 Yes - Tradingview lacks simple auto price level generation. I am not trading this but simply observing price action around levels which is instructing in itself. {image}
This is a fairly easy methodology to get the basics. I am still in the mostly observing phase myself. Most my understanding of the theory is solid. About time to take the full plunge, as there is no better teacher than actual experience in the ring.

I am finding the M15 works quite well with this method. M5 works, but one needs to use more M5 trading methods like what Volman brings. I am still in the beginning phases of this study. Hopefully soon I will add that in as originally planned.
Mark ... Everything you have been told is a LIE
  • #45
  • Sep 8, 2022 10:05am Sep 8, 2022 10:05am
Quoting turnip15
{quote} Forgot to add London and New York Trading Target Zone sessions ( UK Times ) I think these are correct ? {image}
Look about right.

The full session times in EDT/EST

Asia - 2000 - 2300

London - 0200 - 0500

New York - 0800 - 1100

On mt4/5 I only mark the middle hour. I found all three hours being boxed was causing me some issues. WTF - wasn't expecting the psychology side to be like golf. Tiny nothings wrecking your game.

I also look about 30 minutes before "official" session start and will extend the US session an hour or more unless price looks as if it will consolidate.
Mark ... Everything you have been told is a LIE
  • #46
  • Sep 8, 2022 10:25am Sep 8, 2022 10:25am
My entire approach in this learning process is like a kid allowed to run free in a combo toy/candy store. Other than all the things you do to keep your money safe in this game, I am attempting to learn this like I don't know didly squat. Trying to keep the bad practices from getting any play time.
Mark ... Everything you have been told is a LIE
  • #47
  • Sep 8, 2022 11:05am Sep 8, 2022 11:05am
This is for @whitesta who was having some issues with entry identification. (I also trade this pair.)
The first between Asia and Europe was at 2330 est/edt. The second was at the start of the middle Europe session hour 0300 est/edt.

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Mark ... Everything you have been told is a LIE
  • #48
  • Sep 8, 2022 11:16am Sep 8, 2022 11:16am
When you get a pin-hammer type bar. followed by an engulfing bar, that is usually where an area gets locked in. At least for the short term.

This is the only pattern at highs/lows that I have looked at enough to say I am confident of them. Still researching others. Just because a pattern shows up on a cheat sheet doesn't mean I'm running out to trade it. Need to see some history.
Mark ... Everything you have been told is a LIE
  • #49
  • Sep 8, 2022 11:24am Sep 8, 2022 11:24am
Must watch

Inserted Video
Mark ... Everything you have been told is a LIE
  • #50
  • Sep 8, 2022 12:26pm Sep 8, 2022 12:26pm
GBPUSD W PATTERN
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  • #51
  • Sep 8, 2022 1:08pm Sep 8, 2022 1:08pm
This is also a W at the bottom , its not exact but only your interpretation of it. but it had identifiable risk. both trades i took and had 2 good days with 2 easy trades
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  • #52
  • Sep 8, 2022 1:15pm Sep 8, 2022 1:15pm
Quoting T721
This is also a W at the bottom , its not exact but only your interpretation of it. but it had identifiable risk. both trades i took and had 2 good days with 2 easy trades {image}
There are a few variations. Even a simple down, up, down basically even bars is a W.
Mark ... Everything you have been told is a LIE
  • #53
  • Sep 8, 2022 1:18pm Sep 8, 2022 1:18pm
Sorry for spamming your thread spzd. But just want to show you the 3rd W. unfortunately i missed it being out at the time
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  • #54
  • Sep 8, 2022 1:34pm Sep 8, 2022 1:34pm
Quoting T721
Sorry for spamming your thread spzd. But just want to show you the 3rd W. unfortunately i missed it being out at the time {image}
All is good. Thanks for the pics.
Mark ... Everything you have been told is a LIE
  • #55
  • Sep 8, 2022 10:30pm Sep 8, 2022 10:30pm
Quoting spzd
When you get a pin-hammer type bar. followed by an engulfing bar, that is usually where an area gets locked in. At least for the short term. This is the only pattern at highs/lows that I have looked at enough to say I am confident of them. Still researching others. Just because a pattern shows up on a cheat sheet doesn't mean I'm running out to trade it. Need to see some history.
Thanks for the explanation and charts spzd.
  • #56
  • Sep 9, 2022 12:11am Sep 9, 2022 12:11am
I changed levels (temporarily/permanently) to 20 pip increments as suggested by @Shabs19

Seem to fit fairly well. I will run with these for the time being.
Mark ... Everything you have been told is a LIE
  • #57
  • Sep 9, 2022 12:42am Sep 9, 2022 12:42am
After 3 weeks of serious intense study I think I have the Stacey Burke method to the point of all in. Have been going over candle patterns and have 6 basic two candle patterns, 3 bullish/3 bearish, I think will work.

1) pin-hammer, engulfing long/short
2) dark cloud cover short
3) piercing line long
4) tweezer top/bottom short/long

These are combined with a method that trades in a predetermined time window and uses a high/low framework for its structure. The structure is dynamic as a result of price movement and will expand with price (it also contracts with price, but why trade in a shrinking environment). All entries are made at the extremes (highs/lows) using the above chart patterns. I am going to trade this off of only the M15 for the foreseeable future. My rudimentary tests forwards and back are proving to be quite pleasing.

It is truly very simple.I think it will also be very rewarding.
Mark ... Everything you have been told is a LIE
  • #58
  • Sep 9, 2022 1:25am Sep 9, 2022 1:25am
Quoting spzd
After 3 weeks of serious intense study I think I have the Stacey Burke method to the point of all in. Have been going over candle patterns and have 6 basic two candle patterns, 3 bullish/3 bearish, I think will work. 1) pin-hammer, engulfing long/short 2) dark cloud cover short 3) piercing line long 4) tweezer top/bottom short/long These are combined with a method that trades in a predetermined time window and uses a high/low framework for its structure. The structure is dynamic as a result of price movement and will expand with price (it also contracts...
Hello spzd
Can you share me Daily High low indicator Stacey Bruke are using? Thanks
  • #59
  • Sep 9, 2022 6:40am Sep 9, 2022 6:40am
Quoting T721
This is also a W at the bottom , its not exact but only your interpretation of it. but it had identifiable risk. both trades i took and had 2 good days with 2 easy trades {image}
that 11500 Level, to me, just shows that Stacey Burke type levels are worth persevering with. Plus price action around those levels ( Candles -pins - "WW
" and "M" etc) Great stuff T721
every Saint has a past. Every Sinner has a Future
  • #60
  • Sep 9, 2022 6:54am Sep 9, 2022 6:54am
Quoting turnip15
{quote} that 11500 Level, to me, just shows that Stacey Burke type levels are worth persevering with. Plus price action around those levels ( Candles -pins - "WW " and "M" etc) Great stuff T721
you just need to keep practising them. it takes a helluva long time to be able to see them in real time. all Gurus will show you them after the fact but you need to be able to see them in real time to be able to trade them, so its a lot of practice
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