Volman meets Burke or My journey with PA | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Understanding Price Action by Bob Volman (notes and examples) 100 replies

Volman Style (70-tick chart) 751 replies

The Dissent Channel: Volman Price Action 33 replies

Bob Volman & TMT System 16 replies

pls share your journey 10 replies

Attachments: Volman meets Burke or My journey with PA
Exit Attachments

Volman meets Burke or My journey with PA

  • #541
  • Oct 15, 2022 11:23am Oct 15, 2022 11:23am
Quoting spzd
{quote} 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...
Yes I understand your thinking.
What if this was a mid week pattern ?
  • #542
  • Oct 15, 2022 1:31pm Oct 15, 2022 1:31pm
Quoting Lou
{quote} Yes I understand your thinking. What if this was a mid week pattern ?
Works the same for me. I'm going on the assumption from your chart showing EOD. By the time it works to my trading window it may have already reversed, extended, or ranged.

This does not mean I do not consider a weekly high unimportant, it is very important. I don't do forecasts as I have no clue where price will go. I trade based on what price does at certain points, levels, previous and current highs and lows, current opens, and important highs and lows created this day to this point in time.
Mark ... Everything you have been told is a LIE
  • #543
  • Oct 15, 2022 4:36pm Oct 15, 2022 4:36pm
I didn't express myself well enough. Does this pattern tell us anything. What if it presented an hour or less prior to a session open or the NY equity hour.
  • #544
  • Oct 15, 2022 4:47pm Oct 15, 2022 4:47pm
Quoting spzd
This is a cool video ... https://www.youtube.com/watch?v=8Are9dDbW24
Nice. It reminded me of another very cool recent video:
Inserted Video

Great YT channel overall. At first glance their drawing style may seem childish, but from a design perspective it's excellent alongside the animation work, as well as their info/narratives, coming from top-notch aggregate research and opinions.
  • #545
  • Oct 15, 2022 7:08pm Oct 15, 2022 7:08pm
Quoting Lou
I didn't express myself well enough. Does this pattern tell us anything. What if it presented an hour or less prior to a session open or the NY equity hour.
Perhaps I misunderstood you ...

That pattern is a range. Pete calls it an inflection point. SB does cover, I can't recall the essentials (drawing a complete blank atm). How I would approach that is by IDing the levels from price. As price moves to these area (if it does) I look for my signals for possible entries. Price will continue to move to and create new levels as the day progresses.

Attached Image (click to enlarge)
Click to Enlarge Name: Friday.png Size: 6 KB


Basic range trading is to look for 3 pushes to the high or low side of the range. After number three it will often move off into the opposite direction. Another thing is to look for Volman style breakouts from a range.
Mark ... Everything you have been told is a LIE
  • #546
  • Oct 15, 2022 11:45pm Oct 15, 2022 11:45pm
Quoting spzd
{quote}
Perhaps I misunderstood you ... That pattern is a range. Pete calls it an inflection point.
SB does cover, I can't recall the essentials (drawing a complete blank atm).
How I would approach that is by IDing the levels from price. As price moves to these area (if it does) I look for my signals for possible entries. Price will continue to move to and create new levels as the day progresses. {image} Basic range trading is to look for 3 pushes to the high or low side of the range. After number three it will often move off into the opposite...

Hi Mark,

At the end of the 3rd push, SB I believe calls the behaviour "holding up price" if I remember correctly. This could signify a potential reversal also, if I remember.

The zeppelin (I love it lol ), to me is an inflection area which can be at eithera boundary (SBs extremities) or also at an intersection (from my own qualitative observational studies), so it could be a reversal, or merely the intersectional pausing of a price continuation that would follow.

After or at any 3rd push I would probably be leaning to SBs assessment, however I would need to look again at SBs timeframes as I don't remember if he had a specific TF chart. Myself I can see inflections occur on many timeframes (fractal behaviour) so the idea to me that it must be a reversal coming up is NOT valid in many of my situations where they occur.

For any quantative study assistance on this behaviour (numbers) then maybe the daily ADR could be considered. If there was only the ONE situation ever where "something' always did happen then it would not be 'our' markets lol. (Hell, even one of the 1min delta guys posted they use martingale averaging down to their trades - could be up to 5 times I think they wrote, so even delta-vol followers don't see the very same thing happen each & every time on their charts).

The more we study our markets imo, the more we might recognise familiar & repetitive occurances in the markets (not exact replica 'repeats').

Also traders might be well advised their advantage to recognise "at the time" that this "something familiar" they seek is just NOT happening and then take the appropriate action (maybe NOT trading) at that time. We can always turn probabilities to our advantage. Trade well, trade safe.
  • #547
  • Oct 17, 2022 4:05am Oct 17, 2022 4:05am
My dax 1 minute chart marked up for the 7am to 10am UK shift.
Some wins some losses. Maybe my stops were too tight or I missed something SB style among my own take on it.
But aren't lines fascinating.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2022-10-17_10-02-00_3f7e2.png Size: 154 KB
every Saint has a past. Every Sinner has a Future
  • #548
  • Oct 17, 2022 8:21am Oct 17, 2022 8:21am
Quoting turnip15
My dax 1 minute chart marked up for the 7am to 10am UK shift. Some wins some losses. Maybe my stops were too tight or I missed something SB style among my own take on it. But aren't lines fascinating. {image}
My analysis could have been better. I should write down a check list ?
Comments welcome please.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2022-10-17_14-18-18_b226e.png Size: 159 KB
every Saint has a past. Every Sinner has a Future
  • #549
  • Oct 17, 2022 8:44am Oct 17, 2022 8:44am
Quoting turnip15
{quote} My analysis could have been better. I should write down a check list ? Comments welcome please. {image}
What are the yellow horizontal lines?

You or indicator?
Mark ... Everything you have been told is a LIE
  • #550
  • Oct 17, 2022 10:20am Oct 17, 2022 10:20am
Quoting spzd
{quote} What are the yellow horizontal lines? You or indicator?
The yellow lines are Highs or Lows ( peaks) - DRAWN BY ME - going back on a 5 minute chart PRIOR to the Franky open at 7am. The sort of thing SB would mark in prior to trading. Sometimes these line appear close to 00-25-50-75 levels. You then watch pa around those levels to get in, get out or exercise caution.
Hope that helps.
Apologies for late reply. No trading this afternoon but had a long walk with the dog. Is the dog tired - no - blasted thing wants me to repeatedly throw a ball for her down the hall !
every Saint has a past. Every Sinner has a Future
  • #551
  • Oct 17, 2022 10:31am Oct 17, 2022 10:31am
Quoting turnip15
{quote} The yellow lines are Highs or Lows ( peaks) - DRAWN BY ME - going back on a 5 minute chart PRIOR to the Franky open at 7am. The sort of thing SB would mark in prior to trading. Sometimes these line appear close to 00-25-50-75 levels. You then watch pa around those levels to get in, get out or exercise caution. Hope that helps. Apologies for late reply. No trading this afternoon but had a long walk with the dog. Is the dog tired - no - blasted thing wants me to repeatedly throw a ball for her down the hall !
I thought so ...

You are doing good with all the basic stuff (and that is all I do).

I see that you may need to work on refining the connection between SB and the roadmap. The roadmap is what I used in my move from my old ways to price action (mostly Burke). It's good if one is patient. I have not tried to use it with what I do now (too distracting).
Mark ... Everything you have been told is a LIE
  • #552
  • Oct 18, 2022 6:32am Oct 18, 2022 6:32am
Quoting spzd
{quote} I thought so ... You are doing good with all the basic stuff (and that is all I do). I see that you may need to work on refining the connection between SB and the roadmap. The roadmap is what I used in my move from my old ways to price action (mostly Burke). It's good if one is patient. I have not tried to use it with what I do now (too distracting).
@spzd
@TimeTells

Bit more Roadmap and SB thoughts on the Dax
Comment welcome
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2022-10-18_12-30-47_15c2d.png Size: 174 KB
every Saint has a past. Every Sinner has a Future
  • #553
  • Oct 18, 2022 7:20am Oct 18, 2022 7:20am
Quoting turnip15
{quote} @spzd @TimeTells Bit more Roadmap and SB thoughts on the Dax Comment welcome {image}
Looking good.
The first one was also at an area of interest and on the low side. That's where I look to counter.

The BRN 00 was only a slight delay. It formed a little zeppelin I think I will dedicate this week and weekend study time to a closer look of these Inflection Points.

The last one SB would have entered after the 3 red bars. That was 3 candle push down. 1- 2 - 3


The only kind of negative thing I am going to say about the RoadMap. If you use the channel as you are for entries you will be in late and tend to take a few more losses from what I see. That would be a momentum type entry. They are good when jumping onto the train but will lend to those false pushes.
Mark ... Everything you have been told is a LIE
  • #554
  • Oct 18, 2022 1:25pm Oct 18, 2022 1:25pm
Hope they don't have anything against SB, Volman, et al
Mark ... Everything you have been told is a LIE
  • #555
  • Oct 18, 2022 1:26pm Oct 18, 2022 1:26pm
Missed this one. This will be a good addition.

Inserted Video
Mark ... Everything you have been told is a LIE
  • #556
  • Oct 18, 2022 1:36pm Oct 18, 2022 1:36pm
Went live again yesterday. These two days have been mixed results wise. They have been exceptional learning wise.

Still reading Brooks Volume 1 Trends. I attempted to use some of that today on the GBP_USD. The results were less than satisfactory. but it was not a disaster.
Mark ... Everything you have been told is a LIE
  • #557
  • Oct 18, 2022 1:40pm Oct 18, 2022 1:40pm
Continuing to work on my own playbook..
Curious about recent posts referencing Road Map and Zeppelin ?
  • #558
  • Oct 18, 2022 1:56pm Oct 18, 2022 1:56pm
Quoting Lou
Continuing to work on my own playbook.. Curious about recent posts referencing Road Map and Zeppelin ?
Zeppelin is a term coined by @turnip15 for what @TimeTells calls Inflection Points which are what us commoners call consolidation areas.

Here is the first mention

https://www.forexfactory.com/thread/...8#post14180168

The RoadMap is a method discussed here

https://www.forexfactory.com/thread/...-read-markets?
Mark ... Everything you have been told is a LIE
  • #559
  • Oct 18, 2022 3:10pm Oct 18, 2022 3:10pm
Quoting Lou
Continuing to work on my own playbook.. Curious about recent posts referencing Road Map and Zeppelin ?
My UK sense of humour. Not always understood and , unlike face to face conversation,difficult to convey in print
every Saint has a past. Every Sinner has a Future
  • #560
  • Oct 18, 2022 3:36pm Oct 18, 2022 3:36pm
Quoting spzd
{quote} Zeppelin is a term coined by @turnip15 for what @TimeTells calls Inflection Points which are what us commoners call consolidation areas. Here is the first mention https://www.forexfactory.com/thread/...8#post14180168 The RoadMap is a method discussed here https://www.forexfactory.com/thread/...-read-markets?
Thank you .... I think... I hope.
5 traders viewing now