Volman meets Burke or My journey with PA | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Volman Style (70-tick chart) 751 replies

Understanding Price Action by Bob Volman (notes and examples) 99 replies

The Dissent Channel: Volman Price Action 33 replies

Bob Volman & TMT System 16 replies

pls share your journey 10 replies

Attachments: Volman meets Burke or My journey with PA
Exit Attachments

Volman meets Burke or My journey with PA

  • #121
  • Sep 15, 2022 9:37am Sep 15, 2022 9:37am
Quoting turnip15
Up and Down off levels - Algo collecting Bot {image}
Yup. Opening sequence.
Mark ... Everything you have been told is a LIE
  • #122
  • Sep 15, 2022 9:39am Sep 15, 2022 9:39am
Quoting spzd
{quote} Yup. Opening sequence.
Notice there are only 2 bars long and 2 bars short in that little range. They really don't want many riders.
Mark ... Everything you have been told is a LIE
  • #123
  • Sep 15, 2022 9:41am Sep 15, 2022 9:41am
GA this week so far. Looks like classic Burke action.

Attached Image (click to enlarge)
Click to Enlarge Name: Wksofar.png Size: 37 KB
Mark ... Everything you have been told is a LIE
  • #124
  • Sep 15, 2022 9:46am Sep 15, 2022 9:46am
Quoting spzd
GA this week so far. Looks like classic Burke action. {image}
1-2-3. Nasty rangey looking price action inside the pinky (US?) session so far?
every Saint has a past. Every Sinner has a Future
  • #125
  • Sep 15, 2022 9:52am Sep 15, 2022 9:52am
Quoting turnip15
{quote} 1-2-3. Nasty rangey looking price action inside the pinky (US?) session so far?
I was going to be clever and say price will break lower but as I was writing the price shot away - maybe to previous low ?
Attached Image (click to enlarge)
Click to Enlarge Name: US500_2022-09-15_15-50-39_9f8c6.png Size: 145 KB
every Saint has a past. Every Sinner has a Future
  • #126
  • Sep 15, 2022 10:01am Sep 15, 2022 10:01am
Quoting turnip15
{quote} I was going to be clever and say price will break lower but as I was writing the price shot away - maybe to previous low ? {image}

It got there - phew

Lots of RED news out today I believe - be careful.
every Saint has a past. Every Sinner has a Future
  • #127
  • Sep 15, 2022 10:06am Sep 15, 2022 10:06am
That's it for today. Enjoy your day folks.
Tea and cream cake - home made - awaits
every Saint has a past. Every Sinner has a Future
  • #128
  • Sep 15, 2022 10:06am Sep 15, 2022 10:06am
I'm in the final stages of putting together my daily trading plan. I have looked at a lot of charts. I plan to continue to poor over charts. With an automated trade manager this entire process becomes very basic. I have kept this as simple as I can. Three basic candle patterns for the entries long and three basic candle patterns for the entries short. Take entries from highs and lows only. During any one trading session most moves are not that large. I have set up my trade manager to work as efficiently as possible in these conditions. Out of the 4 pairs I watch I am seeing an average of one trade per pair per session.

I am a bit amazed at how well these basic patterns work. They have a decent success rate when taken at highs and lows. While in my indicator trance I convinced myself that these types of things only worked in fluke situations. How foolish I was.

Looking forward to taking what I have through some live test runs next week. After I finish with that and am satisfied with the results I will post my basic trading plan. Don't want to do it before as changes may be needed.
Mark ... Everything you have been told is a LIE
  • #129
  • Sep 15, 2022 10:09am Sep 15, 2022 10:09am
Quoting turnip15
{quote} I was going to be clever and say price will break lower but as I was writing the price shot away - maybe to previous low ? {image}
Indices are definitely bearish. Knowing more rate hikes from the Fed await. Stocks and higher interest rates do not go together very well.
Mark ... Everything you have been told is a LIE
  • #130
  • Sep 15, 2022 10:10am Sep 15, 2022 10:10am
Quoting spzd
I'm in the final stages of putting together my daily trading plan. I have looked at a lot of charts. I plan to continue to poor over charts. With an automated trade manager this entire process becomes very basic. I have kept this as simple as I can. Three basic candle patterns for the entries long and three basic candle patterns for the entries short. Take entries from highs and lows only. During any one trading session most moves are not that large. I have set up my trade manager to work as efficiently as possible in these conditions. Out of the...
Look forward to your charts etc. Trade well friend.
every Saint has a past. Every Sinner has a Future
  • #132
  • Sep 15, 2022 12:14pm Sep 15, 2022 12:14pm
Quoting bluesteele
{quote} Great to hear Amazing how simple.it can be when trading from the outside. And as you say trades every session... (You can be outside from within the outside ) Basic patterns are the basics of the market..the charts.. they constantly repeat.. it's figuring out the context of where and when to use them and I know you have figured that out. Quite simply timings HOD LOD etc.. etc.. Anyways Congrats on seeing some success and wish you much more... Cheers Blue
Since I decided to start this adventure by trading simple candle patterns it makes things even that much easier. Been going over what would constitute the best look. Along with where to take partial etc in a short-term environment.

By trading this way, I am able to step into my own little autist trading mode. From here it will likely be minute tweaks on the trade manager.
Mark ... Everything you have been told is a LIE
  • #133
  • Sep 15, 2022 1:58pm Sep 15, 2022 1:58pm
Dumped the GBP_CAD and replaced it with GBP_USD

Attached Image (click to enlarge)
Click to Enlarge Name: watchlist.png Size: 36 KB
Mark ... Everything you have been told is a LIE
  • #134
  • Sep 15, 2022 2:23pm Sep 15, 2022 2:23pm
Here they are with highs and lows created as the day goes on. I recall being asked how you determine highs and lows, and my answer was vague at best. The answer is you can't tell. Not until after the fact in hindsight. Even so, it is basically just price not continuing to make higher highs or lower lows. Then dependent on its context is how significant that high/low is.

Attached Image (click to enlarge)
Click to Enlarge Name: 1watchlist.png Size: 42 KB
Mark ... Everything you have been told is a LIE
  • #135
  • Sep 15, 2022 2:55pm Sep 15, 2022 2:55pm
Due to where I live and what I want to trade at certain times of the day, I am looking at the period from the end of the London session to the beginning of the US session. This will allow me to trade the MES during the US morning session.

Anyone who is honest can see that the currencies during any given shorter period is not that large. This and restricting my trading window will only allow most days max 4 trades (some days give more, but the average comes in around one trade per pair per day). With the range in my session I will look for a set amount of pips per trade with 2 partials (that is the nice thing about FX, the ability to break trades down into hundredths of a lot). A quick move to BE+ is also automated. As soon as I find a good mix for trailing stop parameters that will also be automated.

Right now, from the data I have collected:

TP1 = 12.5
TP2 = 25
TP3 = 40

with BE+ at entry + 1.5 at 8.

Initial stop loss is 15 and will likely change (perhaps using the ATR).

All the above fit nicely into the Repeatable/Scalable profile of this method. I plan on trading this with a prop firm and the disciplined approach should fit right in with an account that grows.

This should be a fun little adventure.
Mark ... Everything you have been told is a LIE
  • #136
  • Sep 15, 2022 3:17pm Sep 15, 2022 3:17pm
This is from this morning.

A: GBP_CHF

Basically a DDC (dark cloud cover). I would likely have missed this as it is about 30 minutes before my start time. There were no other signals for this pair.

B: GBP_AUD

Anothr DDC. A one bar draw down. At the HOD.

C: EUR_GBP

A DL (double low) or a minute DDC.

GBP_USD

2 set-ups to penetrate the low established during London. The first is the FX version of an Evening Star. The second is a Bearish engulfing.

Attached Image (click to enlarge)
Click to Enlarge Name: 2watchlist.png Size: 54 KB
Mark ... Everything you have been told is a LIE
  • #137
  • Sep 15, 2022 10:50pm Sep 15, 2022 10:50pm
Volman's narrative is like play by play in a battle. It does draw you in to the chart. Let your mind run a little, you can see mini-traders fighting it out on the chart.
Mark ... Everything you have been told is a LIE
  • #138
  • Edited 3:46am Sep 16, 2022 3:10am | Edited 3:46am
Quoting spzd
Must watch https://www.youtube.com/watch?v=agqzJJwBTSs
@spzd

I attach a Dax chart. Is this the sort of analysis he ( Robbie-T) would use?
( The nearest Levels were taken from the 15 minute chart)
Nearby high and lows and levels ?
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2022-09-16_09-07-40_cd183.png Size: 146 KB
every Saint has a past. Every Sinner has a Future
  • #139
  • Sep 16, 2022 3:43am Sep 16, 2022 3:43am
@spzd
Re -the above approach shown in the video....(Robbie-T)....
Cable is a little murky for me despite the trade executions via my normal channel approach.
I put in various levels at increasing time lengths - 5 min - 4 hour -weekly because I had to go so far out to find old support levels.
No Peak highs for a 1-2-3 run up to? - Just levels and return to levels before continuing a direction.

EDIT: BOTH trades - Dax and Cable were in the Equity Hour, which I believe is his preferred approach
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-09-16_09-41-45_cbb55.png Size: 141 KB
every Saint has a past. Every Sinner has a Future
  • #140
  • Sep 16, 2022 6:05am Sep 16, 2022 6:05am
Break of Peak Formation -false break aka Robbie-T ?
aka Stacey Burke?
Not Traded BY Me.
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSD_2022-09-16_12-00-54_c5d49.png Size: 165 KB
every Saint has a past. Every Sinner has a Future
1 trader viewing now