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Volman meets Burke or My journey with PA

  • #181
  • Edited 6:53am Sep 22, 2022 6:43am | Edited 6:53am
Here is my round up of Cable trades this UK morning.
Traded off levels albeit first one lost ( shorted into the ADR low - Green line !!) and the last was stopped out

Question -albeit outside of my personal trading session ( 7am to 10am UK) I am intrigued by the huge red candle later on ( below the question mark)
1. Break of PFH ? ( Stacey style) ?
2. Will price now come back?
3. Will look at cable during US session at that level.
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every Saint has a past. Every Sinner has a Future
  • #182
  • Sep 22, 2022 6:54am Sep 22, 2022 6:54am
Quoting turnip15
Here is my round up of Cable trades this UK morning. Traded off levels albeit first one lost ( shorted into the ADR low !!) and the last was stopped out Question -albeit outside of my personal trading session ( 7am to 10am UK) I am intrigued by the huge red candle later on ( below the question mark) 1. Break of PFH ? ( Stacey style) ? 2. Will price now come back? 3. Will look at cable during US session at that level. {image} {image}

Was that not the interest rate data that resulted in the spike down?
Mark ... Everything you have been told is a LIE
  • #183
  • Sep 22, 2022 9:58am Sep 22, 2022 9:58am
Quoting spzd
{quote} Was that not the interest rate data that resulted in the spike down?
The afternoon session - !:30pm to 4:30pm - UK time.
I missed a short opportunity off the ADR High pre New York Open. ( Almost a triple top looking left)
At New York Open , where Stacey tells us to be vigilant, I miss a long opportunity off a level signalled by a Pin bar. Four pm draws near , so it will be no afternoon trades on Cable, albeit I was okay on indices elsewhere.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #184
  • Sep 22, 2022 10:15am Sep 22, 2022 10:15am
Quoting turnip15
{quote} The afternoon session - !:30pm to 4:30pm - UK time. I missed a short opportunity off the ADR High pre New York Open. ( Almost a triple top looking left) At New York Open , where Stacey tells us to be vigilant, I miss a long opportunity off a level signalled by a Pin bar. Four pm draws near , so it will be no afternoon trades on Cable, albeit I was okay on indices elsewhere. {image}
Right where you have ADR High written is a 2 bar pin bar pattern.

Focus on your order entries. That is why entries need to be as simple as possible. Makes it much easier to see them and not question their validity in real time.
Mark ... Everything you have been told is a LIE
  • #185
  • Sep 22, 2022 10:19am Sep 22, 2022 10:19am
Quoting spzd
{quote} Right where you have ADR High written is a 2 bar pin bar pattern. Focus on your order entries. That is why entries need to be as simple as possible. Makes it much easier to see them and not question their validity in real time.
I see it now
every Saint has a past. Every Sinner has a Future
  • #186
  • Sep 22, 2022 10:36am Sep 22, 2022 10:36am
Quoting spzd
{quote} Right where you have ADR High written is a 2 bar pin bar pattern. Focus on your order entries. That is why entries need to be as simple as possible. Makes it much easier to see them and not question their validity in real time.
Another thing before I go.
I was always told to trade Forex on a 5 minute chart, and it often seemed the case that it worked better than lower time frames. But today, the one minute gave some good scalps, probably due to increased volatility? Horses for courses I suppose.
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every Saint has a past. Every Sinner has a Future
  • #187
  • Sep 23, 2022 3:14am Sep 23, 2022 3:14am
Daxone minute off levels - lower breaking 12475?
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every Saint has a past. Every Sinner has a Future
  • #188
  • Sep 23, 2022 3:24am Sep 23, 2022 3:24am
Cable pump and dump ( from down arrow) in action ?
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every Saint has a past. Every Sinner has a Future
  • #189
  • Sep 23, 2022 9:40am Sep 23, 2022 9:40am
Quoting turnip15
Daxone minute off levels - lower breaking 12475? {image}
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Mark ... Everything you have been told is a LIE
  • #190
  • Sep 23, 2022 9:42am Sep 23, 2022 9:42am
Quoting turnip15
Cable pump and dump ( from down arrow) in action ? {image}
Just a DUMP ...

The USD is almost unstoppable.
Mark ... Everything you have been told is a LIE
  • #191
  • Sep 23, 2022 11:46am Sep 23, 2022 11:46am
Quoting spzd
{quote} Just a DUMP ... The USD is almost unstoppable.
I appreciate your feedback. I post queries elsewhere but I am usually ignored as debate on the current hot topic leaves my queries in the bushes or maybe I post in the wrong threads.

Now the SP500 -aka SB.
Is the SP500 usually traded on a 5 minute or a one minute chart ?

Enjoy your weekend spzd
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every Saint has a past. Every Sinner has a Future
  • #193
  • Sep 23, 2022 12:16pm Sep 23, 2022 12:16pm
Quoting turnip15
{quote} I appreciate your feedback. I post queries elsewhere but I am usually ignored as debate on the current hot topic leaves my queries in the bushes or maybe I post in the wrong threads. Now the SP500 -aka SB. Is the SP500 usually traded on a 5 minute or a one minute chart ? Enjoy your weekend spzd {image} {image}
You're welcome. And I know what you mean. Things have taken a strange turn at one of them.

The SP500 is what I am going to be focused on for the index I watch. I plan on trading it on a 5 minute. That's why I am studying Volman and will shortly attempt Brooks again, now that I have a much better understanding of price action (I still think a lot of it is from watching charts for many years. The movement imprints on your subconscious.). As far as what most trade on, I think it is as varied as the stars. IOW, I have no clue what most others use. Things do look different on the two. The five minute will allow my old mind time to see what is happening.

Cheers T
Mark ... Everything you have been told is a LIE
  • #194
  • Sep 23, 2022 12:21pm Sep 23, 2022 12:21pm
Quoting bluesteele
{quote} Hey T .... I for one always look at your charts.. even tho I hang out in the bushes more often than not lol... Anyways I always trade the SPX off the 1m.. as its a fast mover... US30 SPX DAX GOLD OIL I do the majority of my entries off the 1... Setups can be on the 1, 5 or 15.. but entries off the one mostly for risk mgmt. Cheers
Hey Kevin, thanks for dropping by.

I tried the 1minute and could not quite make it work (perhaps too fast for me). I have become comfy with the five minute and find that the 15 minute on FX gives as good of results as 5 or 1 from my research for how I do things.

Take care
Mark ... Everything you have been told is a LIE
  • #195
  • Sep 23, 2022 12:30pm Sep 23, 2022 12:30pm
I was going to try and flip my sleep cycle to catch the London session (I live in US central) and then trade SP500 during the US session, but after a couple attempts that left me irritated and poorer, I found four pair that I can actually trade during the Asian session. Pre-Asian (30 minutes or so before the actual session start of 8 pm ET) is 6:30 pm for me.

Something like the 4th iteration ...


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Mark ... Everything you have been told is a LIE
  • #196
  • Sep 23, 2022 6:21pm Sep 23, 2022 6:21pm
SBurke - Pump and Dump / Short Squeeze

Inserted Video
Mark ... Everything you have been told is a LIE
  • #197
  • Sep 23, 2022 6:29pm Sep 23, 2022 6:29pm
Develop Absolute Certainty

“Fear not the man who practiced 10,000 kicks one time, fear the man who practiced one kick 10,000 times”.

I think that’s really what it comes down to. One or two specific set ups and master it.


Inserted Video
Mark ... Everything you have been told is a LIE
  • #198
  • Sep 23, 2022 7:40pm Sep 23, 2022 7:40pm
Quoting spzd
I was going to try and flip my sleep cycle to catch the London session (I live in US central) and then trade SP500 during the US session, but after a couple attempts that left me irritated and poorer, I found four pair that I can actually trade during the Asian session. Pre-Asian (30 minutes or so before the actual session start of 8 pm ET) is 6:30 pm for me. Something like the 4th iteration ... {image}

Nice charts spzd, you are close to the first that uses a similar asia box to mine (i think i start 15 mins after and close 15 mins before you but doesn't matter - the fact is asia box is best for me when it doesnt run right up to franky or london - as things happen in between those session points that i call housekeeping lol).

I might humbly suggest you could also look at one of the Yen pairs during Asia as they do move enough to be tradeable. And after a few weeks you will notice the patterns (am I allowed to say that word here ) that are used, in fact they are not patterns as some people think but market behaviours (mechanics) that repeat (repetitively ). Once you see them, you cannot not see them again I reckon. Asia session always has to, by definition, form the hi-lo of the new day (and does so specifically, not just by random accident imo) which other sessions then attract or repel from imho. In fact you can draw lines on them at top & bottom and see how they work, day in & day out (in fact many, and some are actually experienced traders, miss this simplicity of market behaviour).

I do not look in much on any threads at the moment, but I enjoyed your charts over in Dutchy tho I dont post much at all now, just trade (and music hahaa).

all the best
  • #199
  • Sep 23, 2022 9:42pm Sep 23, 2022 9:42pm
Quoting TimeTells
{quote} Nice charts spzd, you are close to the first that uses a similar asia box to mine (i think i start 15 mins after and close 15 mins before you but doesn't matter - the fact is asia box is best for me when it doesnt run right up to franky or london - as things happen in between those session points that i call housekeeping lol). I might humbly suggest you could also look at one of the Yen pairs during Asia as they do move enough to be tradeable. And after a few weeks you will notice the patterns (am I allowed to say that word here )...
Thanks much.

I kind of use some self-promotion.

This thread is all about patterns and repeatable behaviors. I agree I need JPY pair(s). I knew the intervention was coming as they have warned of it for a few weeks. Will run the various JPY pairs through and see what would work the best. The Asian session does set the tone for the day to come. Once you learn to identify a high/low recently formed it makes making trades so much easier. So much so, dare I say, one's hit rate goes up quite a bit.

I started this thread so as not to clutter the Dutchman with too many posts geared at a specific method (as opposed to some of the strange cryptic babblings over there now). Also, as a place where others may post things along the lines of the Burke method. In the end a big portion is for me to put in words some thoughts. When I talk to my wife about trading things her eyes start to glaze over.

In the end, I have found the method that works for me. I plan on continuing to put many hours into the learning curve over the foreseeable future. Too bad so many refuse to see how things really are. But then that is their loss.

Trade well and enjoy your music
Mark ... Everything you have been told is a LIE
  • #200
  • Sep 23, 2022 11:22pm Sep 23, 2022 11:22pm
This has not been a trivial journey. It has taken a lot to get to this point so quickly. I still say it is from patterns stored in my subconscious, as that is how we mainly deal with the world. I went all in about the end of July. I just retired from a job that required much of my time, so it was easy to transition to the study of price action in general and the Stacey Burke method (at least my version of it). I have approached all of this as if I knew absolutely nothing.

I have made this attempt a couple times. It was always a failure. Much of that could be attributed to the lack of proper funding. Things were more expensive as far as trading went. Now it is much easier, I have at my grasp prop firms and micro futures indexes. My goals are basic to start (and I plan to keep it this simple and let what may be, be). The first goal is an ongoing one until I reach the max. I will most likely do this as long as I can. Whether it be real or virtual, as long as I get paid every two weeks in real money, I will be happy. This leads to the second goal which is to cover my living expenses through trading. Then start using the Repeatable. Scalable. factor and let what happens be. From where I stand this should work out swimmingly.

My sincere advice to anyone who cares to heed it is to learn to trade this method or any similar PA method. Take the time to learn price movement. And keep it SIMPLE. REPEATABLE. SCALABLE.
Mark ... Everything you have been told is a LIE
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