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Volman meets Burke or My journey with PA

  • #381
  • Oct 6, 2022 8:31am Oct 6, 2022 8:31am
Quoting TimeTells
But essentially the WHOLE trade was taken based on nothing more than the Market Mechanics{image}


Ok, so you call it market mechanics. Whatever boss why not
Observer effect
  • #382
  • Oct 6, 2022 8:36am Oct 6, 2022 8:36am
Quoting RickM
{quote} Hi spzd I wish you the best. My point is trading on Futures is expensive and the only reason to do so is have access to volume data. Otherwise its cheaper to trade S&P 500 with CFD's and not bother paying for something you don't need. I C Markets has good spreads on the S&P, and zero data fees unlike Futures where you are paying about $100 a month for access to a good platform and data plus fees just for pushing a buy button. As an example, last night I was trading ESZ22 (E mini S&P) where I took well over 60 trades. At 4pm this afternoon,...
I don't trade, nor do I want to, at that frequency. The 22-pts mentioned above were 2 trades with multiple contracts. So all is good from where I stand.

I have found my niche in trading the S&P and that is on the MES for now. I am not foreseeing my personal volume reaching a size that will alter what I am doing.

$640 is a lot of commission and fees. Hope it was worth it.

Take care
Mark ... Everything you have been told is a LIE
  • #383
  • Oct 6, 2022 8:38am Oct 6, 2022 8:38am
Quoting ryuryu
{quote} Ok, so you call it market mechanics. Whatever boss why not
What do you call it?
Mark ... Everything you have been told is a LIE
  • #384
  • Oct 6, 2022 8:43am Oct 6, 2022 8:43am
This thing is moving a bloody site faster than I can type - so here is interim chart
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #385
  • Oct 6, 2022 8:44am Oct 6, 2022 8:44am
Quoting turnip15
This thing is moving a bloody site faster than I can type - so here is interim chart {image}
Using GAP high after UK session and GAP low before New York session. Then watch SB levels and my channel afterwards.

Edit: New York Equity Open sees a big move up after the pre Equity open but then downwards towards the New York 2:30pm (UK time) Equity Open - after which it shoots up on the Equity Open ( SB often alludes to this phen...pheno...movement..) Is this a "pumpy" spzd?"

Targets can be levels to the Left
every Saint has a past. Every Sinner has a Future
  • #386
  • Oct 6, 2022 8:56am Oct 6, 2022 8:56am
Same chart on a one minute
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every Saint has a past. Every Sinner has a Future
  • #387
  • Oct 6, 2022 8:58am Oct 6, 2022 8:58am
Think this may work better.

Attached Image (click to enlarge)
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Mark ... Everything you have been told is a LIE
  • #388
  • Oct 6, 2022 9:04am Oct 6, 2022 9:04am
Pump n Dump 3 bar push

Fake n Flip ???

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Mark ... Everything you have been told is a LIE
  • #389
  • Oct 6, 2022 9:04am Oct 6, 2022 9:04am
Quoting turnip15
Same chart on a one minute {image}
FOMC Waller speaks today !!!

If the pin and bouncy price didn't tempt you to close.....well....
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every Saint has a past. Every Sinner has a Future
  • #390
  • Oct 6, 2022 9:07am Oct 6, 2022 9:07am
Quoting spzd
Pump n Dump 3 bar push Fake n Flip ??? {image}
Bother.....

Kin missed that pumpy formation INTO the OPEN yet again

But thanks for the timely reminder SP..... I need the real-time, spot the pumpy experience.
This is why I need my channel lines to stop me messing up
every Saint has a past. Every Sinner has a Future
  • #391
  • Oct 6, 2022 9:15am Oct 6, 2022 9:15am
Quoting spzd
Pump n Dump 3 bar push Fake n Flip ??? {image}
Fake and flip from the New York Pre Open hour - which happened to make a neat consolidation between the big bar at the pre open and big bar at the equity open
( with little bars - inside bars -between?) - price pumps up from that consolidation at equity hour open and then dumps back into that consolidation off that nice big pin.
In realtime the pin should have alerted me to be awake...price then made an inside bar that was broken/ engulfed.
Kinell
every Saint has a past. Every Sinner has a Future
  • #392
  • Oct 6, 2022 9:24am Oct 6, 2022 9:24am
Quoting turnip15
{quote} Fake and flip from the New York Pre Open hour - which happened to make a neat consolidation between the big bar at the pre open and big bar at the equity open ( with little bars - inside bars -between?) - price pumps up from that consolidation at equity hour open and then dumps back into that consolidation off that nice big pin. In realtime the pin should have alerted me to be awake...price then made an inside bar that was broken/ engulfed. Kinell
Yup. Was not looking for that. Classic though.
Mark ... Everything you have been told is a LIE
  • #393
  • Oct 6, 2022 9:26am Oct 6, 2022 9:26am
Quoting spzd
Pump n Dump 3 bar push Fake n Flip ??? {image}
I've ended up with 4 points profit after all that. Sitting here confused now - the 5 minute says stay short but I don't want to get back in ( fear) and the one minute says stay short and price is bumping off gap low. I think I will finish today with my few pips and simply watch. I have had a fright at almost trashing my trades by missing that pump action. Yes channel was the only thing that saved me from disaster.
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every Saint has a past. Every Sinner has a Future
  • #394
  • Oct 6, 2022 9:37am Oct 6, 2022 9:37am
Quoting spzd
{quote} I don't trade, nor do I want to, at that frequency. The 22-pts mentioned above were 2 trades with multiple contracts. So all is good from where I stand. I have found my niche in trading the S&P and that is on the MES for now. I am not foreseeing my personal volume reaching a size that will alter what I am doing. $640 is a lot of commission and fees. Hope it was worth it. Take care
Isn't CME "Top of the book" only about a Dollar $1 for data?
( Level 1).https://www.ampfutures.com/trading-i...ange-data-fees
every Saint has a past. Every Sinner has a Future
  • #395
  • Oct 6, 2022 9:56am Oct 6, 2022 9:56am
Quoting spzd
{quote} Yup. Was not looking for that. Classic though.
It has come full circle from where it started.
Mark ... Everything you have been told is a LIE
  • #396
  • Oct 6, 2022 9:58am Oct 6, 2022 9:58am
Quoting turnip15
{quote} Isn't CME "Top of the book" only about a Dollar $1 for data? ( Level 1).https://www.ampfutures.com/trading-i...ange-data-fees
Pretty cheap for live data if you ask me.


We don't need no stinking volume.
Mark ... Everything you have been told is a LIE
  • #397
  • Oct 6, 2022 10:27am Oct 6, 2022 10:27am
End of the New York session ( Burke 1pm to 4pm UK time)
( Love the tagline)
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every Saint has a past. Every Sinner has a Future
  • #398
  • Oct 6, 2022 10:31am Oct 6, 2022 10:31am
Greetings spzd ..
I am glad to see discussion of SB's method. I would like to join in . I trade FX .. major pairs and some Jpy cross pairs .
Been following SB videos for many months and trading FX for nearly twenty years.
SB has confirmed a lot of my 'suspicions ' about the FX market... which is what has earned my attention.

Been reading your thread ... almost caught up ... . I would like to discuss with other FX traders using SB methods.
If any are interested .. I am in the Central US time zone. So NY session and Asian session.

  • #399
  • Oct 6, 2022 11:07am Oct 6, 2022 11:07am
Quoting Lou
Greetings spzd .. I am glad to see discussion of SB's method. I would like to join in . I trade FX .. major pairs and some Jpy cross pairs . Been following SB videos for many months and trading FX for nearly twenty years. SB has confirmed a lot of my 'suspicions ' about the FX market... which is what has earned my attention. Been reading your thread ... almost caught up ... . I would like to discuss with other FX traders using SB methods. If any are interested .. I am in the Central US time zone. So NY session and Asian session.
The discussion is pretty loose as you can see.

You are more than welcome to post here. As I have said, I am fairly new to trading PA. SB is the catalyst to my big plunge. Many of the aspects of his method fit with how I approach the markets and trading (idea wise) so it felt natural, and my progress has been quite good so far.

I am also Central US.
Mark ... Everything you have been told is a LIE
  • #400
  • Oct 6, 2022 11:27am Oct 6, 2022 11:27am
Quoting spzd
{quote} The discussion is pretty loose as you can see. You are more than welcome to post here. As I have said, I am fairly new to trading PA. SB is the catalyst to my big plunge. Many of the aspects of his method fit with how I approach the markets and trading (idea wise) so it felt natural, and my progress has been quite good so far. I am also Central US.
Ok ! ... back to reading the posts here.
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