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Volman meets Burke or My journey with PA

  • #241
  • Sep 26, 2022 4:01pm Sep 26, 2022 4:01pm
From "Trading Price Action: Trends" by Al Brooks

"...
Just look at any segment of the
chart where the market went up or down and study every bar, and you will soon
notice many repeatable patterns. With time, you will begin to see those patterns
unfold in real time, and that will give you confidence to place your trades. Some of
the price action is subtle, so be open to every possibility.
..."
Mark ... Everything you have been told is a LIE
  • #242
  • Sep 26, 2022 8:19pm Sep 26, 2022 8:19pm
Came late to the party tonight then made a couple questionables. 1 W 2 L
Mark ... Everything you have been told is a LIE
  • #243
  • Sep 26, 2022 10:30pm Sep 26, 2022 10:30pm
Clears it up a bit. Still fuzzy. May need to loop it until it clicks ....


Inserted Video
Mark ... Everything you have been told is a LIE
  • #244
  • Sep 27, 2022 5:28am Sep 27, 2022 5:28am
Another quick view of our highly organised markets (waiting for new blood)


.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 organised market is waiting.png Size: 12 KB
  • #245
  • Sep 27, 2022 6:00am Sep 27, 2022 6:00am
Quoting TimeTells
Another quick view of our highly organised markets (waiting for new blood) . {image}
Create a range, then collect trades. Keep everybody inside until you are ready to move to another range.
Mark ... Everything you have been told is a LIE
  • #246
  • Sep 27, 2022 6:03am Sep 27, 2022 6:03am
Quoting spzd
Clears it up a bit. Still fuzzy. May need to loop it until it clicks .... https://www.youtube.com/watch?v=bYVazlecRJI
I will have to admit, that just might have made the most sense yet. Over the last year I’ve watched a fair few of his videos, trying to grasp how he sees and trades, but I’ve mostly come away feeling even more confused. That’s more to do with me and my current level of awareness than anything.
Thanks for sharing it.
I’ll give it another watch.
Empty your mind and let the market guide you
  • #247
  • Sep 27, 2022 6:05am Sep 27, 2022 6:05am
Quoting TimeTells
Another quick view of our highly organised markets (waiting for new blood) . {image}
This is not a bad thing. There is order and stability. Who or what is behind this currently is of no real importance, unless they plan to pull the whole rug out from under us. The fact they leave fairly clear tracks is what I find interesting. And how to use those tracks to my advantage.
Mark ... Everything you have been told is a LIE
  • #248
  • Sep 27, 2022 6:12am Sep 27, 2022 6:12am
Quoting SunnyCoast
{quote} I will have to admit, that just might have made the most sense yet. Over the last year I’ve watched a fair few of his videos, trying to grasp how he sees and trades, but I’ve mostly come away feeling even more confused. That’s more to do with me and my current level of awareness than anything. Thanks for sharing it. I’ll give it another watch.
I have the basics of his method down. A couple things with PA I am still working on are the correct peak formation and better identifying the 3s. Am going to give it another watch later today.
Mark ... Everything you have been told is a LIE
  • #249
  • Sep 27, 2022 6:18am Sep 27, 2022 6:18am
Quoting spzd
{quote}
This is not a bad thing. There is order and stability. Who or what is behind this currently is of no real importance, unless they plan to pull the whole rug out from under us. The fact they leave fairly clear tracks is what I find interesting. And how to use those tracks to my advantage.

Hi Mark,

Yes I believe it is a good thing ultimately also, I couldn’t trade our markets if I don’t see these type of mechanics happening all the time, every day.

Does that mean I can just pick a point on a chart and trade, well no it doesn’t work quite that way.

Most charts I put up are NOT trading charts, they are always to show traders that this market is controlled.

And once we understand that, we can then develop strategies to take advantage of that at the “best” times (not so much the ‘right” times if you get what I mean).

Tonight the markets might be on hold I imagine as the Fed Chair Powell is due to speak in a quarter hour, and then we might see some (organised) volatility come into the market.

Stay tuned I guess lol, I’m pretty much done for the day as my trading is mostly in Asia.

Trade well, trade safe.
  • #250
  • Sep 27, 2022 6:29am Sep 27, 2022 6:29am
Going over my trades last night (for me) and I am seeing that I need to pay better attention to what level I am at. May also need to adjust my initial SL.

I trade off the M15. So all my back testing is done on the M15. I am collecting data about set-ups. Looking for an acceptable stop for each traded pair.

Since there are variations in the patterns, I am also collecting that data.

I am nowhere near a quant, nor am I a statistician, let alone a mathematician. I do have my own quirky way of categorizing everything that would likely be of zero use to anyone else in its current form. If anything comes from all this, I will post it.
Mark ... Everything you have been told is a LIE
  • #251
  • Sep 27, 2022 6:39am Sep 27, 2022 6:39am
Quoting TimeTells
{quote} Hi Mark, Yes I believe it is a good thing ultimately also, I couldn’t trade our markets if I don’t see these type of mechanics happening all the time, every day. Does that mean I can just pick a point on a chart and trade, well no it doesn’t work quite that way. Most charts I put up are NOT trading charts, they are always to show traders that this market is controlled. And once we understand that, we can then develop strategies to take advantage of that at the “best” times (not so much the ‘right” times if you get what I mean). Tonight the...
Hello Pete,

You are correct. In a way, by trading at a specific time (not that we can sit at the charts 24/7) you are picking a point on the chart. It is then up to us to make sense of the trails they leave us during that period. Knowing they are creatures of habit for the most part, we can then put together what is needed to profit from their crumbs.

I am also only trading Asia for currencies. SP500 in my morning. Teaching myself 2 forms of PA simultaneously. Good thing most of the concepts are similar.

Take care

Mark
Mark ... Everything you have been told is a LIE
  • #252
  • Sep 27, 2022 6:56am Sep 27, 2022 6:56am
Quoting spzd
{quote}
Hello Pete, You are correct. In a way, by trading at a specific time (not that we can sit at the charts 24/7) you are picking a point on the chart. It is then up to us to make sense of the trails they leave us during that period. Knowing they are creatures of habit for the most part, we can then put together what is needed to profit from their crumbs. I am also only trading Asia for currencies. SP500 in my morning. Teaching myself 2 forms of PA simultaneously. Good thing most of the concepts are similar. Take care Mark

Cheers Mark,

I'm hitting the sack lol.
Don't know whether FF got the Red News time wrong or Powell's taxis is held up in traffic hahaa.
Fed Chicago did give a brief statement earlier, rates expected to rise again lol.
I won't wait around further tonight though, all the best and good fortunes.
Another chart, why not

.
Attached Image (click to enlarge)
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  • #253
  • Sep 27, 2022 6:59am Sep 27, 2022 6:59am
Lol it was his taxi, Powell's that is, talk just came thru

https://www.forexlive.com/centralban...ance-20220927/
  • #254
  • Sep 27, 2022 8:34am Sep 27, 2022 8:34am
Gold chart marked up. Double bottom circled for bounce ?
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-09-27_14-31-35_ccf49.png Size: 165 KB
every Saint has a past. Every Sinner has a Future
  • #255
  • Sep 27, 2022 8:43am Sep 27, 2022 8:43am
Quoting SunnyCoast
{quote} I will have to admit, that just might have made the most sense yet. Over the last year I’ve watched a fair few of his videos, trying to grasp how he sees and trades, but I’ve mostly come away feeling even more confused. That’s more to do with me and my current level of awareness than anything. Thanks for sharing it. I’ll give it another watch.
This chap has tried to simplify things which may help ?

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #256
  • Sep 27, 2022 8:46am Sep 27, 2022 8:46am
Quoting turnip15
Gold chart marked up. Double bottom circled for bounce ? {image}
That's the theory. Need a valid entry signal now. That's how I do it (or at least try).
Mark ... Everything you have been told is a LIE
  • #257
  • Sep 27, 2022 8:49am Sep 27, 2022 8:49am
Quoting turnip15
Gold chart marked up. Double bottom circled for bounce ? {image}
The PIN at "?" has me worried - should I have cashed in there what with red news coming out ???
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-09-27_14-47-50_fdd10.png Size: 152 KB
every Saint has a past. Every Sinner has a Future
  • #258
  • Sep 27, 2022 8:54am Sep 27, 2022 8:54am
Quoting turnip15
{quote} The PIN at "?" has me worried - should I have cashed in there what with red news coming out ??? {image}
I would have. For me, any time I see one of those out in the open like that I am done.
Mark ... Everything you have been told is a LIE
  • #259
  • Sep 27, 2022 8:54am Sep 27, 2022 8:54am
And the SP500 - back up like a yo - yo....that pattern again
Attached Image (click to enlarge)
Click to Enlarge Name: US500_2022-09-27_14-53-19_c35f3.png Size: 163 KB
every Saint has a past. Every Sinner has a Future
  • #260
  • Sep 27, 2022 8:57am Sep 27, 2022 8:57am
Quoting spzd
{quote} That's the theory. Need a valid entry signal now. That's how I do it (or at least try).
Like a Pin or Outside engulfing bar maybe ?
every Saint has a past. Every Sinner has a Future
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