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Volman meets Burke or My journey with PA

  • #141
  • Sep 16, 2022 11:29pm Sep 16, 2022 11:29pm
Quoting turnip15
{quote} @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 {image}
He is using the significant highs/lows prior to or created during the US session.

He then looks for a 1-2-3 push near the high/low at or near the 0930 US equities market open. Then he looks for an entry signal. His targets are the highs/lows from prior price movement.


The timings is more than just session time of the equities open. There is also the 9-1-5 timing, which is essentially the longer term 4 hour time. 9-1-5 refers to NY time of 9 am, 1 pm, amd 5 pm. Then repeat at 9 pm, 1 am, and 5 am. Often, within 30 minutes of either side, there will be a high or low hit.
Mark ... Everything you have been told is a LIE
  • #142
  • Sep 17, 2022 9:00am Sep 17, 2022 9:00am
Quoting turnip15
@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 {image}
What I do when there is no nearby high/low is no trade until price shows it has created one.

The creation of highs and lows comes from the engulfing move away from the high/low. Not all moves have an engulfing move. As with nearly everything in trading, nothing is really set in stone.

This low came at the 2nd hour of his session window. I think this is the London open hour.?.? This is part of the timings. Looking for a high or low to be crated within the 3-hour session window and trading off that if it fits the other criteria (HOD/LOD, etc).

That high/low is from the 9-1-5 portion of this method. 915 allows you to see the H4 bar without changing TF on the chart. So, in a way, you are trading a 4-hour charts on a 15-minute chart.

This method is simple. The workings can get complicated. What it has done for me is free from the indicator chains and set me on a new world of discovery. There is quite a lot going on in the murkiness of a price chart.

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  • #143
  • Sep 17, 2022 9:44am Sep 17, 2022 9:44am
Fed rate this Wednesday. Picked a good week to take care of business away from the charts.
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  • #144
  • Sep 17, 2022 7:20pm Sep 17, 2022 7:20pm
Last (I sure hope so) watch list. With the GBP in its current state, I have found some better performing (according to my secret sauce criteria).

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  • #145
  • Sep 17, 2022 7:26pm Sep 17, 2022 7:26pm
Quoting spzd
Last (I sure hope so) watch list. With the GBP in its current state, I have found some better performing (according to my secret sauce criteria). {image}
Lighter with the colorings in line with Stacey Burke's.

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  • #146
  • Sep 17, 2022 10:04pm Sep 17, 2022 10:04pm
People ask how do you know when it's a high or low? My honest answer is when price moves the other way. Only way I know for sure.

When price moves away fast is a good indication a high or low has been set.

How you trade that is by looking for specific candle patterns.

#1 - DCC / PL - Dark cloud cover for short. Piercing line for long.

#2 - DT / DB - Double Top / Bottom

#3 - PH - Pin-hammer (From what I am seeing, this type of bar (as it comes in a few different varieties) is quite nuanced. I am placing it on the list as it will work, but (caveat) not every time. The placement of a PH needs to be indisputable for a trade to be executed. This placement being at either a high or low, whether testing a previous area or creating a new one. On the M15 it would take up to 30 minutes for this process. The current candle needs to close forming a pin-hammer. The next bar needs to move away in an engulfing manner. The entry would be at the open of the 3rd candle. Patience truly is a virtue.)
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  • #147
  • Sep 17, 2022 10:17pm Sep 17, 2022 10:17pm
Quoting spzd
People ask how do you know when it's a high or low? My honest answer is when price moves the other way. Only way I know for sure. When price moves away fast is a good indication a high or low has been set. How you trade that is by looking for specific candle patterns. Patience truly is a virtue.)

I haven’t followed Stacey’s method for awhile now but I’m somewhat familiar with it.

I do like his M15 High Bull Candle and Low Bear Candle that sometimes mark the highs and lows of the current day’s trading.
Empty your mind and let the market guide you
  • #148
  • Sep 17, 2022 11:07pm Sep 17, 2022 11:07pm
Quoting SunnyCoast
{quote} I haven’t followed Stacey’s method for awhile now but I’m somewhat familiar with it. I do like his M15 High Bull Candle and Low Bear Candle that sometimes mark the highs and lows of the current day’s trading.
It's a compact method that opens door to see further into price action.
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  • #149
  • Sep 17, 2022 11:32pm Sep 17, 2022 11:32pm
He has the 9-1-5 timings. This occurs twice a day and are the H4 candle times in NY EST. I give it +/- an hour.
This is Friday. Entry was right at the open of the 5 am H4 bar.

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  • #150
  • Sep 17, 2022 11:36pm Sep 17, 2022 11:36pm
Quoting spzd
He has the 9-1-5 timings. This occurs twice a day and are the H4 candle times in NY EST. I give it +/- an hour. This is Friday. Entry was right at the open of the 5 am H4 bar. {image}
Hi spzd,
What is the 9-1-5 times to GMT 0?
  • #151
  • Sep 18, 2022 6:49am Sep 18, 2022 6:49am
Quoting KevinZeng
{quote} Hi spzd, What is the 9-1-5 times to GMT 0?
9-1-5 times are New York EST

915 -----GMT

9 -0900 -1400
1 -1300 -1800
5 -1700- 2200

9 -2100 -0200
1 -0100 -0600
5 -0500- 1000
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  • #152
  • Sep 18, 2022 8:43am Sep 18, 2022 8:43am
Retail traders always want to predict where price will go and will argue over who is right.

A professional trader makes money. No argument after that.
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  • #153
  • Sep 18, 2022 9:08am Sep 18, 2022 9:08am
Every trade taken is a prediction of price direction. From there it gets a bit murkier. Why, where, and when become variables in the trade prediction. Since my thought process has been tainted from an abuse of indicators, I need to approach the trade in as simplistic way as possible. I pay little heed to the "news" other than being aware of RED data releases (Not that I do not know what is happening. I do not trade what is happening.). Next comes identifying highs and lows. These are all prior highs/lows that have an impact on the structure of the pair. At that point I am looking for candle patterns at the highs/lows during a specific time period. As my plan is to trade currencies after London session and MES during US morning the time window I have hosen is pin-pointed at the end of the London session window. This is 0500 EST and I look at the period 0400 to 0700 EST for entries. Most signals come between 0400 and 0530. I am mainly only looking for one trade per pair per day. Will not always get that. Sometimes there are multiple trades per day, but I do not actively look for them.

Repeatable. Scalable.
Mark ... Everything you have been told is a LIE
  • #154
  • Sep 18, 2022 9:44am Sep 18, 2022 9:44am
Quoting spzd
Every trade taken is a prediction of price direction. From there it gets a bit murkier. Why, where, and when become variables in the trade prediction. Since my thought process has been tainted from an abuse of indicators, I need to approach the trade in as simplistic way as possible. I pay little heed to the "news" other than being aware of RED data releases (Not that I do not know what is happening. I do not trade what is happening.). Next comes identifying highs and lows. These are all prior highs/lows that have an impact on the structure of the...
Now the question is, how does one go from these words to a specific trade?

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  • #155
  • Sep 18, 2022 10:09am Sep 18, 2022 10:09am
This is how I see things at the 1700 EST roll-over.

What you look for going into a new day are the highs and lows created by the US session. You also take note of the HOD/LOD. Other significant points are the HOW/LOW and HOM/LOM, both current and previous. Keep in mind the fact that highs and lows are dynamic properties.

There is also a quick note on Wednesday.


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  • #156
  • Sep 18, 2022 10:58am Sep 18, 2022 10:58am
Fast forward to the beginning of the London session.

You can clearly see price has been moving up as it creates highs and lows. You can also see that price is approaching the P-HOD.


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  • #157
  • Sep 18, 2022 11:34am Sep 18, 2022 11:34am
3 hours later at the end of the London session is the signal. A DCC for a short trade at yesterday's high which is proving to be an area of interest.

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Your first question, and rightfully so, should be, why that DCC and not one of the four (almost in a row) failures?

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That's a fair question I say. Point 1 and point 2 are too early. Could they have worked? Possibly. 2 gave about 15 pips with about 6 DD. Point 4 is sloppy. The wicks are too long on both bars. Point 3 is interesting. The bearish bar is what I am currently calling (pretty obvious) an oversized pin-hammer (as I said, this candle comes in many varieties). These oversized pin-hammers could be good entry points when taken in the right areas.

The final reason is that the DCC I pointed out as an entry point comes right at 0500 EST which is our focal point. If price would have taken off from any of the others, then we just have to accept the fact we missed the trade.
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  • #158
  • Sep 18, 2022 11:37am Sep 18, 2022 11:37am
Price eventually hit almost +40 which is within my final TP on this pair.

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  • #159
  • Sep 18, 2022 11:48am Sep 18, 2022 11:48am
If you look back at Thursday near our time you will the signal was an oversized pin-hammer.
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  • #160
  • Sep 18, 2022 12:00pm Sep 18, 2022 12:00pm
I admit, this is all theory and hindsight, and you could say this is just a show (and I don't care much). After you go through enough charts, you see the patterns emerge. If your focus is for moves that occur at a different time I would suggest study the charts of the various pairs focusing on the time frame you prefer. At that point you can draw your own conclusions. My conclusions are this is a valid method.
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