Volman meets Burke or My journey with PA | Page 27 | Forex Factory

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Volman meets Burke or My journey with PA

  • #521
  • Oct 11, 2022 8:27pm Oct 11, 2022 8:27pm
Quoting spzd
{quote} My only issue is I have trouble following the pointer as he moves it around point out areas of interest.
Me too.
  • #522
  • Oct 12, 2022 12:19am Oct 12, 2022 12:19am
Up too late... need to be fresh for the NY session. Note to self....
Start making a list of indications (not indicators) or tells that SB uses to anticipate moves and find direction.

  • #523
  • Oct 12, 2022 8:55pm Oct 12, 2022 8:55pm
Stacey covers some good things. He even mentions his mouse pointer. I had asked him in a comment about doing something about the pointer. No such luck.

On the good side, I do not commit any of the don'ts and my priority is the one do he mentioned. He said as backtest your process. I heard it as refine your process (ypur process is your method) and home in on the repeatables.

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Mark ... Everything you have been told is a LIE
  • #524
  • Oct 12, 2022 9:51pm Oct 12, 2022 9:51pm
I started to use the Market feature here on FX Factory as seen above to the right of the Calendar.
With it I am keeping track of several pairs . Tweaking it currently to determine the pairs I want to watch and their movements. A quick glance to see what's happening ..then go to my charts. Also allows for focus on one specific pair.
Here is a screen shot.
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  • #525
  • Oct 13, 2022 4:33am Oct 13, 2022 4:33am
Just lines on the Dax, some SB some mine. Long - then Got whipped for a loss long and short then drew in that consolidation line ( A and B TimeTells refers to :-)
Then another long at C after bounce
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every Saint has a past. Every Sinner has a Future
  • #526
  • Oct 13, 2022 12:44pm Oct 13, 2022 12:44pm
Well this was a screw up day... Missed nearly all of the UCad trade... which is my focus lately ....
And I was not focused.. also could not recall SB info for trading after the news.
And this did not help either..... The Market feature on FX Factory was down.
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  • #527
  • Oct 13, 2022 3:48pm Oct 13, 2022 3:48pm
I like this video. First bounce after major news. Most of his examples were 1-minute. USD_CAD was 15-minute. Here is the GBP_USD showing a first bounce on the 15-minute.

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Mark ... Everything you have been told is a LIE
  • #528
  • Oct 13, 2022 3:51pm Oct 13, 2022 3:51pm
I added the 25 EMA after finishing Volman.


Do I feel bad for doing so and keeping it on the 15-minute.

hmmmm ...

Not in the least.
Mark ... Everything you have been told is a LIE
  • #529
  • Oct 13, 2022 3:59pm Oct 13, 2022 3:59pm
One other thing he mentioned was how he resets the high and low after a large data release impulse. This is how I approach every day. By the time my trading session hits the day has seen two previous sessions and they do have a large impact on my decisions. I do not pay much attention to the "news" other than to know when red letter data releases are scheduled. This does not mean I am not aware of happenings; I just try to not let it (news) affect my decisions.
Mark ... Everything you have been told is a LIE
  • #530
  • Oct 14, 2022 5:44am Oct 14, 2022 5:44am
Round up of the SP500 - yes, I am interested in this one ( Dax also) because of the "Zeppelin" Timetells often draws - so I watched it set up for a nice short.
But dax is my usual fare in the morning and the sp500 in the afternoon -UK
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every Saint has a past. Every Sinner has a Future
  • #531
  • Oct 14, 2022 7:00am Oct 14, 2022 7:00am
Quoting turnip15
Round up of the SP500 - yes, I am interested in this one ( Dax also) because of the "Zeppelin" Timetells often draws - so I watched it set up for a nice short. But dax is my usual fare in the morning and the sp500 in the afternoon -UK {image}
Since I mentioned the Dax ( not traded by me this morning) - No real copy of the sp500 "TimeTells Zeppelin" but a nice example of Stacey Burke type levels ?
Two one minute charts and one 5 minute chart
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every Saint has a past. Every Sinner has a Future
  • #532
  • Oct 14, 2022 7:48am Oct 14, 2022 7:48am
Quoting turnip15
Round up of the SP500 - yes, I am interested in this one ( Dax also) because of the "Zeppelin" Timetells often draws - so I watched it set up for a nice short. But dax is my usual fare in the morning and the sp500 in the afternoon -UK {image}
Gotta love those Inflection Points.
Mark ... Everything you have been told is a LIE
  • #533
  • Oct 14, 2022 7:53am Oct 14, 2022 7:53am
Quoting turnip15
{quote} Since I mentioned the Dax ( not traded by me this morning) - No real copy of the sp500 "TimeTells Zeppelin" but a nice example of Stacey Burke type levels ? Two one minute charts and one 5 minute chart {image} {image} {image}
Not an exact copy, but it is still there.
Mark ... Everything you have been told is a LIE
  • #534
  • Oct 14, 2022 9:48am Oct 14, 2022 9:48am
This is a cool video ...

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Mark ... Everything you have been told is a LIE
  • #535
  • Oct 14, 2022 10:00am Oct 14, 2022 10:00am
Quoting spzd
This is a cool video ... https://www.youtube.com/watch?v=8Are9dDbW24
Back in the early 70's when I taught Earth/Space Science to 8th graders used a video similar to this . Started out with a man fishing . Just like this , outer space and inner space.. similar.
  • #536
  • Oct 15, 2022 7:09am Oct 15, 2022 7:09am
Quoting spzd
{quote} Not an exact copy, but it is still there.
How so mark ?
every Saint has a past. Every Sinner has a Future
  • #537
  • Oct 15, 2022 9:10am Oct 15, 2022 9:10am
Does SB give any meaning to this pattern going forward ? E/J Friday's close. What if it was a mid week close ?
Yellow line is the H of this Week so price is at the H of the W. Last time price was at this level was a month ago.
Upper black line is 00 . price is resting on 50 black line. (The blue and red lines are part of my chart pkg . )
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  • #538
  • Oct 15, 2022 9:25am Oct 15, 2022 9:25am
Quoting turnip15
{quote} How so mark ?
I mean in that it was a range. It was not the tighter zeppelin range like the DAX, still a range. Need to always remember that the basic pattern on one index chart is essentially the same on any other index chart.
Mark ... Everything you have been told is a LIE
  • #539
  • Oct 15, 2022 10:03am Oct 15, 2022 10:03am
Quoting Lou
Does SB give any meaning to this pattern going forward ? E/J Friday's close. What if it was a mid week close ? Yellow line is the H of this Week so price is at the H of the W. Last time price was at this level was a month ago. Upper black line is 00 . price is resting on 50 black line. (The blue and red lines are part of my chart pkg . ) {image}
He does when he discusses the weekly template.

When the new week starts price will be at the HOW (high of the week). At this point one needs to observe PA for either a continuation or a reversal off the week's high.

As far as projection of where price may go from this weekly close, he does not concern himself with that. I have to agree with this position. I trade short term intraday and where price is headed in the bigger picture does not affect my daily trades. There is a large advantage to how I approach the market. Intentional ignorance of certain aspects of the market keeps any bias of that from effecting trades, other than to know when Red news is so as not to be in the market.
Mark ... Everything you have been told is a LIE
  • #540
  • Oct 15, 2022 10:06am Oct 15, 2022 10:06am
This is an important video.

Less is More in Trading


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Mark ... Everything you have been told is a LIE
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