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Volman meets Burke or My journey with PA

  • #81
  • Sep 12, 2022 9:27am Sep 12, 2022 9:27am
Quoting spzd
{image}
In posting this I realize I should change to the Dec contract. Sep expires this Friday at 0930. And the volume is almost even between the two contracts now.

This is the only time I ever look at volume.
Mark ... Everything you have been told is a LIE
  • #82
  • Sep 12, 2022 11:08am Sep 12, 2022 11:08am
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}
I found a level indicator.

Sweetspot Gold R4-22 by JustUncleL

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Mark ... Everything you have been told is a LIE
  • #83
  • Sep 12, 2022 11:09am Sep 12, 2022 11:09am
Quoting spzd
{quote} I found a level indicator. Sweetspot Gold R4-22 by JustUncleL {image}
Thank you
every Saint has a past. Every Sinner has a Future
  • #84
  • Sep 12, 2022 11:13am Sep 12, 2022 11:13am
Quoting turnip15
{quote} Thank you
I set this up for 00 (100), 50, 25/75 levels

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On the styles you need to manually make some changes. I increased line thickness and just have the 25/75 sublevels checked

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Mark ... Everything you have been told is a LIE
  • #85
  • Sep 12, 2022 11:14am Sep 12, 2022 11:14am
Quoting turnip15
{quote} Thank you
I'll take the snifter of whiskey. You keep the apple.
Mark ... Everything you have been told is a LIE
  • #86
  • Sep 12, 2022 11:35am Sep 12, 2022 11:35am
One more indicator as I know you look into ICT. It could also be used for the Burke method.

ICT Index Futures Vertical Lines by ArdOfCrypto

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btw, that's a live chart ... but not logged into Amp
Mark ... Everything you have been told is a LIE
  • #87
  • Sep 13, 2022 10:18am Sep 13, 2022 10:18am
Stacey's first bounce after the news - Gold
Note his warning on trading the news.
Enjoy.

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #88
  • Sep 13, 2022 10:31am Sep 13, 2022 10:31am
Quoting turnip15
Stacey's first bounce after the news - Gold Note his warning on trading the news. Enjoy. https://www.youtube.com/watch?v=QgrGhOWU__M
Here is a trade after the news.

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Mark ... Everything you have been told is a LIE
  • #89
  • Sep 13, 2022 10:46am Sep 13, 2022 10:46am
Quoting spzd
{quote} Here is a trade after the news. {image}
Here is a Nasdaq one...but... I have it within the channel of "Roadmap," Laura's thread on FF.
Using the pin hammer.
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every Saint has a past. Every Sinner has a Future
  • #90
  • Sep 13, 2022 10:53am Sep 13, 2022 10:53am
Quoting turnip15
{quote} Here is a Nasdaq one...but... I have it within the channel of "Roadmap," Laura's thread on FF. Using the pin hammer. {image}
When I trade pin-hammers I am conservative. I need a confirmation bar. My entry would have been the open of the 2nd bar after the pin-hammer.
Mark ... Everything you have been told is a LIE
  • #91
  • Edited 1:14pm Sep 13, 2022 11:59am | Edited 1:14pm
Hello
I am new to Burke's concepts althought he uses simple elements, but what resonate is where he applies them and then it start to make sense and basically what he calls working the lows or highs and the reaction after the 3rd push is called turtle soup with ICT, and some other patterns that are repeating.
For quite sometime I was trying to figure out how to exploit the 00 50 20 80 levels in my case and Burke's video gave me the answer. Now the following chart will make sense to me by adding up the PDH PDL PWH PWL
Hope to participate further to discussion
Gerald
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  • #92
  • Sep 13, 2022 2:17pm Sep 13, 2022 2:17pm
Quoting biker883
Hello I am new to Burke's concepts althought he uses simple elements, but what resonate is where he applies them and then it start to make sense and basically what he calls working the lows or highs and the reaction after the 3rd push is called turtle soup with ICT, and some other patterns that are repeating. For quite sometime I was trying to figure out how to exploit the 00 50 20 80 levels in my case and Burke's video gave me the answer. Now the following chart will make sense to me by adding up the PDH PDL PWH PWL Hope to participate further...
I had to set up an H1 chart to see this. If your trading off a longer TF I am not so sure of impact of the HOD/LOD. The HOW/LOW and likely HOM/LOM would come into play.

Since price/time is fractal, the same basic concepts could be applied.

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Mark ... Everything you have been told is a LIE
  • #93
  • Sep 13, 2022 5:12pm Sep 13, 2022 5:12pm
Taking a break from my studies. In the last 30 days I had 3 where I, mostly, did not look at charts (knowing I need to break on occasion). I have committed to learning this method and am giving many hours [10 - 12 / day rough guess] (my advantage is I just retired). My progress has come along quite well. And to think I was going to try and do the no nonsense indicator method. Had a couple systems all set and ready. Was even thinking of automating them. But I knew they had flaws. And I knew what the main flaws were - INDICATORS. {Indicators can be useful if used correctly. Most just through some on the charts and go.}

The desire to learn price action was stronger than what I was doing. So, I worked another year and have done the crash course. There is no substitute than just study charts. Many, many, many charts. Then do it all again.

I am currently going over the period from 0300 ET to about 0700 ET. This is London to NY and covers the time Burke calls "gap time". What I am seeing is there are enough moves that fit my criteria and that will be my zone for currency trading. I plan on following this seesion with a session of trading the MES from around 0800 ET to 1100 ET.

I was going to just trade enough to pay some of the expenses. But I started to think what Stacey Burke always says about his method. Repeatable trade setups that can be scaled up in size. The more I think of that the more I say let's give it a go. He actually has a video giving a challenge (not directly) for people to vision making their account large. Like 6 or 7 figures large. I'm not greedy and really don't need that kind of money. What I do like about it is that it's a challenge that I have the time (and will) to take on. And to do it in as short a period as possible (I have some attention deficit issues and long period tasks are not my best thing).

Since I am retired I might as well trade full time for a few years as I have the time now to do it. Plus, the cognitive boost I get from keeping my mind busy.
Mark ... Everything you have been told is a LIE
  • #94
  • Sep 13, 2022 5:20pm Sep 13, 2022 5:20pm
I have noticed there seems to be a lot of 30 to 40+ entries in the 0500 ET to 0600 ET time window.
Mark ... Everything you have been told is a LIE
  • #95
  • Sep 13, 2022 5:22pm Sep 13, 2022 5:22pm
Quoting spzd
Taking a break from my studies. In the last 30 days I had 3 where I, mostly, did not look at charts (knowing I need to break on occasion). I have committed to learning this method and am giving many hours [10 - 12 / day rough guess] (my advantage is I just retired). My progress has come along quite well. And to think I was going to try and do the no nonsense indicator method. Had a couple systems all set and ready. Was even thinking of automating them. But I knew they had flaws. And I knew what the main flaws were - INDICATORS. {Indicators can be...
Don't forget to include some "ME" time so that you get to smell the flowers now you are retired
I too am retired and trade the stacey hours. The wife finds me other things to do like gardening, shopping and generally enjoying oneself. I look at some threads and wonder if those people ever leave their internet device and go out
One for you and one for me
every Saint has a past. Every Sinner has a Future
  • #96
  • Sep 13, 2022 5:38pm Sep 13, 2022 5:38pm
I do go out , just came back from couple hours social dancing
But still have to watch some videos
Water when dancing otherwise I join you
  • #97
  • Sep 13, 2022 5:40pm Sep 13, 2022 5:40pm
Quoting turnip15
{quote} Don't forget to include some "ME" time so that you get to smell the flowers now you are retired I too am retired and trade the stacey hours. The wife finds me other things to do like gardening, shopping and generally enjoying oneself. I look at some threads and wonder if those people ever leave their internet device and go out One for you and one for me
I think I know about how long this will last. At that point I may mostly hang up the charts as there are a couple other things I want to take on in my "retirement".

Cheers
Mark ... Everything you have been told is a LIE
  • #98
  • Sep 14, 2022 8:34am Sep 14, 2022 8:34am
To all Stacey Burkers.
I had drawn up my 5 minute chart for Cable. Not traded by me.

Question -Do you think I have marked it up correctly - doing so as each 5 minute progresses ( so I had to make some alterations in hindsight) ?

Is there anything else you think a Stacey Burker might have noted as price unfolded?
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every Saint has a past. Every Sinner has a Future
  • #99
  • Sep 14, 2022 8:39am Sep 14, 2022 8:39am
Some have trouble with M and W formations. They can be problematic if you don't look at them for what they really are. The M is nothing more than a double top (DT) with a pullback in between. The W is a double bottom (DB) with a pullback in between. The last leg, in theory, is the breakaway.

Trading them is basic. If the pattern is larger, you would trade the second top with whatever entrance criteria you use. If the pattern is smaller, you my want to trade the break of the pullback or a pattern coming off the second high/low if one is created.
Mark ... Everything you have been told is a LIE
  • #100
  • Sep 14, 2022 8:57am Sep 14, 2022 8:57am
Quoting turnip15
To all Stacey Burkers. I had drawn up my 5 minute chart for Cable. Not traded by me. Question -Do you think I have marked it up correctly - doing so as each 5 minute progresses ( so I had to make some alterations in hindsight) ? Is there anything else you think a Stacey Burker might have noted as price unfolded? {image}
Looking good. Using that nasty hindsight. I want to see all those who through that out make any trade decision without the use of some hindsight.

Where you have PFL/PFH, if you look left you see they are test of previous areas. This was something that took me a bit to work out. How I get PFH/PFL is finding the last high/low formation with significance before my trading window.

Basic PA. Notice how the PFH goes from resistance to support.

PFHs/PFLs are local areas of liquidity. Burke mentions stop hunts with peak formations together. So, these would be areas of local liquidity pools. From my perspective, a liquidity pool is an area where orders sit. Stop hunts are just order collection moves since in these areas are both entrance and exit orders.
Mark ... Everything you have been told is a LIE
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