Volman meets Burke or My journey with PA

Quoting spzd

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{quote} 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,...

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Quoting spzd

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... 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...

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Quoting turnip15

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{quote} Another Stacey Burke set up type query. I was interested to see price rise from "A" then fall back to "B" Is this some sort of liquidity drive up, collect stops and drive price down again to the BRN ? Any ideas of Stacey theory at work here? Thanks guys . {image}

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Quoting biker883

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Hi folks, Trade taken this morning Entry 1.1510 Circumstances (Burke) Market extended below 00 after New York close, open of the day took yesterday low and back inside Asia 3 hours window was broken up the London opens cleared liquidity below Asia 3h window Engulfing above 00 level. Other reasons (ICT) : Huge imbalance FVG (call it as you want) so price need to either re-balance or at least go grab liquidity at 1.1585 -1.1600 above yesterday doji and may be 1.1650 Also on bigger scale H4, we had inverse h&s and price retraced to 70% fib retracement...

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Quoting spzd

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{quote} Either a stop hunt or trap. From A there where a series of 3 pushes up, the last one being a combo of three itself. Then price was taken down, quickly in some areas. What it does at B will finalize what the A to B move was. Stop hunt then higher or trap then lower.

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Quoting turnip15

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You can see why Stacey likes twelve 15 minute bars and previous levels and BRN's etc when they overlap like this {image}

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Quoting turnip15

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You can see why Stacey likes twelve 15 minute bars and previous levels and BRN's etc when they overlap like this {image}

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Quoting turnip15

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{quote} I often see that action now. Spotting the not so obvious three push is difficult but the clue is where there is a rapid price move down or up with big candles. We then look at action around levels maybe - like pins etc, some kind of consolidation, pin etc and drive back to Origen - "A" up then down to "B" ( Origen of "A")

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Quoting turnip15

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Cable today is also, in my humble opinion, a good example of Stacey Burke levels being acted upon by price action such as "engulfing" candles etc. And Levels seem to come into play as action areas or minimum targets? The trick is to spot them as they appear - this where his theory of levels etc give you confidence to spot and act and to set a stop loss where you think you are wrong. I use his ( Stacey's) approach to fine tune my own. But it takes practice and a degree of calm to cut your losses when your stop is hit. When I started trading live...

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Quoting spzd

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{quote} Either a stop hunt or trap. From A there where a series of 3 pushes up, the last one being a combo of three itself. Then price was taken down, quickly in some areas. What it does at B will finalize what the A to B move was. Stop hunt then higher or trap then lower.

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Quoting spzd

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I would suggest following and reading this guys stuff. @Inthebox

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Quoting turnip15

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{quote} This is where it went after "B" ( posted at 9:40am UK time, today Thursday) - Trapped volume the lower? {image}

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