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Volman meets Burke or My journey with PA

  • #61
  • Sep 9, 2022 7:39am Sep 9, 2022 7:39am
Quoting spzd
Must watch https://www.youtube.com/watch?v=agqzJJwBTSs
Wow ! This video certainly makes it easier to grasp Stacey's approach. Problem is spzd has given me even more homework now
But seriously though - these video's shorten the learning curve because the author explains things clearly, concisely and in easy to understand chunks.
every Saint has a past. Every Sinner has a Future
  • #62
  • Sep 9, 2022 8:05am Sep 9, 2022 8:05am
Quoting turnip15
{quote} Wow ! This video certainly makes it easier to grasp Stacey's approach. Problem is spzd has given me even more homework now But seriously though - these video's shorten the learning curve because the author explains things clearly, concisely and in easy to understand chunks.
That video is a game changer. He has plenty. Should help shorten the curve.
Mark ... Everything you have been told is a LIE
  • #63
  • Sep 9, 2022 8:11am Sep 9, 2022 8:11am
@spzd

Re the above video - I have tried , on Tradingview, to make Stacey Burke Levels on the SP500. I may have made a pigs ear of it.
Can anyone help please, especially if you use Tradingview?
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: US500_2022-09-09_14-10-34_60dd9.png Size: 148 KB
every Saint has a past. Every Sinner has a Future
  • #64
  • Sep 9, 2022 8:35am Sep 9, 2022 8:35am
Quoting turnip15
@spzd Re the above video - I have tried , on Tradingview, to make Stacey Burke Levels on the SP500. I may have made a pigs ear of it. Can anyone help please, especially if you use Tradingview? Cheers. {image}
That's not quite it. I have looked and there are none that work right on indexes. I put horizontal lines at 00 and 50. ie 3900, 3950, 4000, 4050, 4100, 4150

This at least gives me some of the structure I want. Then I do like you and use a time line indi to auto place my session lines. There are also acceptable HOD/HOL indis.

My mes and mnq trading are on a hold until I am finish with the currencies (big FX test next week).
Mark ... Everything you have been told is a LIE
  • #65
  • Sep 9, 2022 8:38am Sep 9, 2022 8:38am
Quoting Hasang
{quote} Hello spzd Can you share me Daily High low indicator Stacey Bruke are using? Thanks
This is for mt4. I do not have the source code.

Attached File(s)
File Type: ex4 !SM_Daily_HiLo.ex4   3 KB | 338 downloads


This is for mt5. Found it free through the marketplace.

Attached File(s)
File Type: ex5 High Low Open Close.ex5   242 KB | 333 downloads
Mark ... Everything you have been told is a LIE
  • #66
  • Sep 9, 2022 10:01am Sep 9, 2022 10:01am
Quoting turnip15
@spzd Re the above video - I have tried , on Tradingview, to make Stacey Burke Levels on the SP500. I may have made a pigs ear of it. Can anyone help please, especially if you use Tradingview? Cheers. {image}
Nearly blinded by my horizontals so I have removed them and marked chart with prior high and lows. Added the one hour before US open and the US Equity open times.
Usually use the 5 min for SP500 but also included the one minute chart for comparism.

Not sure why the "Tails" referred to by arrow are significant, unless I missed a level somewhere?

Hopefully this layout is kinder to the eyes
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US500_2022-09-09_15-56-56_e2cde.png Size: 169 KB
Click to Enlarge Name: US500_2022-09-09_15-59-27_b5424.png Size: 151 KB
every Saint has a past. Every Sinner has a Future
  • #67
  • Sep 9, 2022 10:09am Sep 9, 2022 10:09am
Quoting spzd
{quote} This is for mt4. I do not have the source code. {file} This is for mt5. Found it free through the marketplace. {file}
Thank you very much, spzd
  • #68
  • Sep 9, 2022 11:44am Sep 9, 2022 11:44am
Quoting turnip15
{quote} Nearly blinded by my horizontals so I have removed them and marked chart with prior high and lows. Added the one hour before US open and the US Equity open times. Usually use the 5 min for SP500 but also included the one minute chart for comparism. Not sure why the "Tails" referred to by arrow are significant, unless I missed a level somewhere? Hopefully this layout is kinder to the eyes {image} {image}
Look to the left for the tails. Even then it does not always make sense.

The lines, the lines .....
Mark ... Everything you have been told is a LIE
  • #69
  • Sep 9, 2022 2:19pm Sep 9, 2022 2:19pm
Quoting spzd
{quote} Look to the left for the tails. Even then it does not always make sense. The lines, the lines .....
"The lines"..........by an anonomous technical analyst inspired by the English bard

Speech: “Is this a (dagger) price level which I see before me.”
BY WILLIAM SHAKESPEARE (Sort of…)(from Macbeth, spoken by somebody else)
Is this a price level which I see before me,
The high toward my hand? Come, let me clutch thee.
I have thee not, and yet I see thee still.
Art thou not, fatal vision, sensible
To rising as to falling? or art thou but
A dagger line of the mind, a false creation,
Proceeding from the heat-oppressed brain?
I see thee yet, in form as palpable
As this which now I draw.
Thou marshall'st me the way that I was going;
And such a hidden level I was to use.
Mine eyes are made the fools o' the other senses,
Or else worth all the rest; I see thee still,
And on thy rise and fall gouts of sweat,
Which was not so before. There's no such thing:
It is the bloody business which informs trading,
Thus to mine eyes. Now o'er the one halfworld
Nature of price seems dead, and wicked dreams abuse
The curtain'd sleep; witchcraft celebrates
Pale Magee’s offerings, and wither'd pencil,
Alarmed by his sentinel, the price level wolf,
Who howl's his watch, thus with his stealthy pace.
With the trader’s ravishing numerical input, towards his screen
Moves like a ghost. Thou sure and firm-set algo,
Hear not my steps, which way they walk, for fear
Thy very levels prate of my profit whereabout,
And take the present pricing horror from the time,
Which now moves with it. While I sweat, he lives:
Words to the heat of rising levels too cold breath gives.
I go, and it is done; the bell invites me.
Hear it not, Duncan; for it is the opening bell
That summons thee to heaven or to hell.
every Saint has a past. Every Sinner has a Future
  • #70
  • Sep 9, 2022 9:42pm Sep 9, 2022 9:42pm
When a market goes sideways underneath a high it is going to explode vertically.

When a market goes sideways above a low it is going to explode vertically.

An American (US) holiday on a Monday or Friday will lead to big moves that week.

Lock in the money, get off the screen.


Inserted Video



SB hits new levels in this video. I am liking the more in your face style.
Mark ... Everything you have been told is a LIE
  • #71
  • Sep 10, 2022 8:10am Sep 10, 2022 8:10am
The 3 push count and how the days go is the one thing I still have a problem with. More vids and charts.

Just when I thought I would be able to relax.
Mark ... Everything you have been told is a LIE
  • #72
  • Sep 10, 2022 1:00pm Sep 10, 2022 1:00pm
My current trading style could easily be classified as scalper. So much so that I have my trade manager set to trade a set percentage of my account, take profit partial/final, move stop to BE, and start a trailing stop at a certain count. My approach is very methodical though. 3 basic 2 candle patterns for longs and 3 for shorts, at a specific time during the day. I pay little attention to the news, yet I am aware of it. When I have the workings of the weekly template understood I will incorporate that into the method. And just continue to learn.

And until all of the above is reached my plan allows me to focus on the entry patterns. Which is not that much work. I have been analyzing these entries going back about 3 months and the results are pretty damn good.

Once I took that poorly thought out trip down indicator hell, I convinced myself "old school" was a just that old. As time went on I began to realize that Price Action of some type was the real way. Now I am ready to take the basics of PA and jump back in the fray.
Mark ... Everything you have been told is a LIE
  • #74
  • Sep 10, 2022 1:54pm Sep 10, 2022 1:54pm
Quoting bluesteele
{quote} You got it Mark! Time/Price/Levels and then the subcategories of each. Day counts will come like turning on a lightbulb at some point ;... Look at a guy like Tom Hougaard..makes a heck of a lot of money all by trading classical chart patterns mainly.DTs DBs measured moves..candle patterns...and timing ..selling.on close etc. All of these are in some way utilized by SB... Old.is best IMO.. and it in itself is like a lightbulb moment when we come to that simplicity point. Liberating when you realize you don't need MAs Stochastics MACD RSi...
Great journal with interesting ideas that chime with my own journey.
every Saint has a past. Every Sinner has a Future
  • #75
  • Sep 11, 2022 6:25am Sep 11, 2022 6:25am
Quoting spzd
{quote} Look to the left for the tails. Even then it does not always make sense. The lines, the lines .....
Just noticed -on the ONE minute time frame.
, the "Tails" coincide with candles on immediate LEFT = Double Bottom ?
every Saint has a past. Every Sinner has a Future
  • #76
  • Sep 12, 2022 12:04am Sep 12, 2022 12:04am
Quoting turnip15
{quote} Just noticed -on the ONE minute time frame. , the "Tails" coincide with candles on immediate LEFT = Double Bottom ?
If the context is right. It does need to be a bottom.

OTOH

One interesting thing about the patterns I am looking at is how often they work as they should in a lot of instances at a lot of different times.
Mark ... Everything you have been told is a LIE
  • #77
  • Sep 12, 2022 12:09am Sep 12, 2022 12:09am
Quoting spzd
When a market goes sideways underneath a high it is going to explode vertically. When a market goes sideways above a low it is going to explode vertically. An American (US) holiday on a Monday or Friday will lead to big moves that week. Lock in the money, get off the screen. https://www.youtube.com/watch?v=KL13aR3mhes SB hits new levels in this video. I am liking the more in your face style.
In this video Burke gives reference to The Quarters Theory. He mentioned hitting a 1000 level.

His day trading box is 100 pips broken down into increments of 25. Nothing new here, but interesting how many methods all use similar techniques.
Mark ... Everything you have been told is a LIE
  • #78
  • Sep 12, 2022 9:05am Sep 12, 2022 9:05am
Quoting turnip15
{quote} Great journal with interesting ideas that chime with my own journey.
If you need a good previous daily (weekly, ... ) and current open indicator for TradingView.

Previous High/Low Current Open by onixbt

You can choose which periods and colors for each. Pretty handy and works on all instruments. It's what I use on my mes charts.
Mark ... Everything you have been told is a LIE
  • #79
  • Sep 12, 2022 9:17am Sep 12, 2022 9:17am
And trading the mes (S&P 500 micro index) is the main reason I am studying Volman (and maybe in time go back to Brooks).

Trading futures equities can be quite profitable looking at it in hindsight and reading other's posts. I have been doing some trading in this and when you are right it is a good day. Need to get to the point of consistent profitability (easier said than done?).
Mark ... Everything you have been told is a LIE
  • #80
  • Sep 12, 2022 9:20am Sep 12, 2022 9:20am
Attached Image (click to enlarge)
Click to Enlarge Name: mes-2022-09-12_091914.png Size: 36 KB
Mark ... Everything you have been told is a LIE
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