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Volman meets Burke or My journey with PA

  • #341
  • Oct 5, 2022 6:34am Oct 5, 2022 6:34am
Quoting turnip15
Advice needed please kind people. Here is a Euro chart I marked up as an experiment to follow earlier today. I chose levels going back a day and "Gap" levels ( in-between sessions level) as a trade guide to levels to watch. my levels Burke friendly or have I missed anything? Thanks {image} {image}
This is how I see it. The first pic is to emphasize how you use the previous US session as your points of interest. It isn't always this clean. What price does from the US session into the next day will give you an idea of where that day may be going.


Attached Image (click to enlarge)
Click to Enlarge Name: EU-10.05.2022-2022-10-05_060549.png Size: 37 KB


The second chart is today's action. There were 3 equal lows during the gap. I can hear Stacey, "working the low, working the low, working the low ..." then bam a 30+p stop hunt. Somewhere in the circle is the entry. This was your 50-pip move. There was another short at the DT later.


Attached Image (click to enlarge)
Click to Enlarge Name: EU-10.05.2022-2022-10-05_061619.png Size: 42 KB
Mark ... Everything you have been told is a LIE
  • #342
  • Edited 8:34am Oct 5, 2022 8:16am | Edited 8:34am
Marking out SP500 5 minute chart part per Stacey Burke.
Any constructive comment welcome. have I missed anything.
Waiting for the Equity Open New York in about 15 minutes

EDIT: 15 minute at Equity Open
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US500_2022-10-05_14-12-34_57549.png Size: 190 KB
Click to Enlarge Name: US500_2022-10-05_14-31-56_42134.png Size: 169 KB
every Saint has a past. Every Sinner has a Future
  • #343
  • Oct 5, 2022 8:50am Oct 5, 2022 8:50am
Enough charts, Apologies - carried away. I should simply stick the charts in an online folder albeit I would miss criticism from you experienced guys and gals.

Uo to the blue circle again for another few pips please.
Attached Image (click to enlarge)
Click to Enlarge Name: US500_2022-10-05_14-51-14_582bb.png Size: 178 KB
every Saint has a past. Every Sinner has a Future
  • #344
  • Oct 5, 2022 8:51am Oct 5, 2022 8:51am
Quoting turnip15
Marking out SP500 5 minute chart part per Stacey Burke. Any constructive comment welcome. have I missed anything. Waiting for the Equity Open New York in about 15 minutes EDIT: 15 minute at Equity Open {image} {image}
Looking good. Be cautious - Red news at the top of the hour.
Mark ... Everything you have been told is a LIE
  • #345
  • Oct 5, 2022 8:55am Oct 5, 2022 8:55am
Quoting turnip15
Enough charts, Apologies - carried away. I should simply stick the charts in an online folder albeit I would miss criticism from you experienced guys and gals. Uo to the blue circle again for another few pips please. {image}
You're good. Post away.
Mark ... Everything you have been told is a LIE
  • #346
  • Oct 5, 2022 8:56am Oct 5, 2022 8:56am
MES is coiling before the news.
Attached Image (click to enlarge)
Click to Enlarge Name: MES-2022-10-05_085615.png Size: 8 KB
Mark ... Everything you have been told is a LIE
  • #347
  • Oct 5, 2022 9:02am Oct 5, 2022 9:02am
3758.75 short
Mark ... Everything you have been told is a LIE
  • #348
  • Oct 5, 2022 9:04am Oct 5, 2022 9:04am
SL BE+1 pt
Mark ... Everything you have been told is a LIE
  • #349
  • Oct 5, 2022 9:09am Oct 5, 2022 9:09am
3753.75 stop
Mark ... Everything you have been told is a LIE
  • #350
  • Oct 5, 2022 9:12am Oct 5, 2022 9:12am
Quoting spzd
{quote} Looking good. Be cautious - Red news at the top of the hour.
Saw that and grateful that I never got back in for another long because I couldn't be sure where I was. If I was confident and went long I would be burnt because I didn't check for news - duh.
Will do in future, like a check list. Drew my levels but forgot to check news times - bad!!
Attached Image (click to enlarge)
Click to Enlarge Name: US500_2022-10-05_15-11-22_56de9.png Size: 165 KB
every Saint has a past. Every Sinner has a Future
  • #351
  • Oct 5, 2022 9:13am Oct 5, 2022 9:13am
out 5 pts
Mark ... Everything you have been told is a LIE
  • #352
  • Oct 5, 2022 9:14am Oct 5, 2022 9:14am
Quoting turnip15
{quote} Saw that and grateful that I never got back in for another long because I couldn't be sure where I was. If I was confident and went long I would be burnt because I didn't check for news - duh. Will do in future, like a check list. Drew my levels but forgot to check news times - bad!! {image}
Always check for the data releases.
Mark ... Everything you have been told is a LIE
  • #353
  • Oct 5, 2022 9:16am Oct 5, 2022 9:16am
May need to widen my stop a couple ticks.
Mark ... Everything you have been told is a LIE
  • #354
  • Oct 5, 2022 9:19am Oct 5, 2022 9:19am
I'm telling ya. Get this SP500 down and you have a cash machine.
Mark ... Everything you have been told is a LIE
  • #355
  • Edited 9:45am Oct 5, 2022 9:33am | Edited 9:45am
Quoting spzd
I'm telling ya. Get this SP500 down and you have a cash machine.
Certainly is spzd
But have your stop in place

Edit : Is the 3722.50 level of interest to halt the fall?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US500_2022-10-05_15-31-28_ad0b9.png Size: 165 KB
Click to Enlarge Name: US500_2022-10-05_15-38-03_eab7a.png Size: 179 KB
every Saint has a past. Every Sinner has a Future
  • #356
  • Oct 5, 2022 9:36am Oct 5, 2022 9:36am
Query
Do you guys trade the SP500 on the 5 minute or the one minute time frame?
every Saint has a past. Every Sinner has a Future
  • #357
  • Oct 5, 2022 9:37am Oct 5, 2022 9:37am
Quoting turnip15
{quote} Certainly is spzd But have your stop in place {image}
And if I had my stop 2 ticks wider I would still be in this. Oh well


Inserted Video
Mark ... Everything you have been told is a LIE
  • #358
  • Oct 5, 2022 9:40am Oct 5, 2022 9:40am
Quoting turnip15
Query Do you guys trade the SP500 on the 5 minute or the one minute time frame?
5-minute
Mark ... Everything you have been told is a LIE
  • #359
  • Oct 5, 2022 9:55am Oct 5, 2022 9:55am
That's it for today. Good Dax morning and a meagre US afternoon which would have been very nasty if I hadn't seen spzd's post reminding me of up coming news.
Lesson learnt - Don't, ever, forget to check for red news events - ever.
Thanks again spzd.
every Saint has a past. Every Sinner has a Future
  • #360
  • Oct 5, 2022 9:58am Oct 5, 2022 9:58am
Quoting turnip15
That's it for today. Good Dax morning and a meagre US afternoon which would have been very nasty if I hadn't seen spzd's post reminding me of up coming news. Lesson learnt - Don't, ever, forget to check for red news events - ever. Thanks again spzd.
Cheers
Mark ... Everything you have been told is a LIE
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