Volman meets Burke or My journey with PA

Hi Mark,

Exactly.

I have been following that nonsense over there against poor bilal who has been nothing but inquisitive, respectful and helpful to others on his whole journey as I remember.

I think perhaps it was maybe the links & reference to an exisiting mentorship joining program out there somewhere that was the concern.

As if there was a kickback to b for a referral (and I would be very confident in my mind there wasn't), unlike another non-commercial member (mentioned there) gets for referring new suckers oops members to his broker of choice, then it must be a commercial activity by virtue of FF's rules & regs.

Hey, maybe we all should get a T-Shirt from FF (just joking) for putting up our own thoughts, ideas & wishes about trading on the threads which generates foot traffic for FF and their advertising kickbacks - but that's the world of commerce & enterprise we live in - so live & let live I guess.

You are mentioning here the practices of SB not a direct link access to any mentorship program.

Keep up the great thread work Mark, we are all on our own journey of learning here on FF & elsewhere.
(cept some of course who proclaim to 'know it all', and have 'all the secrets' and maintain 'their one way only' that they are then unable to share etc etc etc ).

We press on pal, good fortunes.

I agree completely.

Current journey is making probes into variations of some things. And the all-important Zeppelin research.

All important (dunno ?), maybe a very interesting aspect of trading yes, let's expand it a little.

Okay, let me stretch our imaginations
(as I have to forcefully do with myself most of the time lol, lest I get stuck where I am )


Let’s go then. Zeppelin lol. Yes.


Imho it’s just ONE aspect of market mechanics that is at the disposal of a trader, once recognised.
The Zeppelin I don't see as any holy-anything, of course, just one more arrow in our quiver, and maybe a starting point of market moves 50% of the time.

The Z’s are often a setting-up point for a breakout, AND are fractal,
so what we can observe quite readily on a 5min chart (compared to a 1min chart), well then think about this ….


what we can also observe on 15min chart or even a 1hour chart might be a massive range Inflection-Zeppelin (sometimes 50+ pips)
setting up an even greater breakout on a huge scale.


Those type of huge breakouts are what many in our game call STRUCTURE CHANGESand we can see them on higher TF’s.

So while it is fun (for me) to play around with the 1m & 5m Inflections, sorry Zeppelins lol, on my lower timeframes,
I am restricting myself & my trading by NOT contemplating charts of a higher timeframe.

[It’s just that after doing all this stuff for a few years now and examining what is best for my (trading) personality I CHOSE to scalp intra-day meaning my trades are opened & closed (hopefully) within the same session (usually), some being 7 pips, some 12-15, some 20-25 depending on market circumstances at the time].

I do not have success with every trade I take, I do not just look at the market and say, 'that's where a winner lies', every time it is a battle - NOT against the market as it will do whatever it does, over & over - but a battle with ME and what goes on in my own head.

Kev calls it "Us vs Us' in the market, not "us vs the market" and when I look back at my losing trades I can see he is correct.
(I rarely look back on my winning trades as i just 'expected' them to be that way anyway ).
Another story though.


Here’s a Bigger Picture example of the Zeppelin, as we musn’t restrict ourselves, and we should do what George always recommended “be boundless”.

Else we fall into what Castenada termed, being under the influence of … a “moment of clarity” lol.


The real pictures (and in life, not necessarily forex & tf lol) are often one stage larger than what we see right now.


Anyways, large zepps lol, now these are some big breakouts - 100's of pips - referred to as structure changes

ie the market moves to a substantally different price 'zone" where it lingers for a while, by observation, before then moving on to the next zone/structure.
(these structure changes, Shabs put up a great graphic somewhere recently, can be delineated also by horizontal lines, but that word upsets certain traders and sends them into fits of denial so I use that word sparingly now )

.

) . {image}[/quote]

Why is it when I see a chart like that ... my subconscious says ' there is a key to this ' but my conscious actions have yet to discover it.

Why is it when I see a chart like that ... my subconscious says ' there is a key to this ' but my conscious actions have yet to discover it.[/quote]


Hi Lou,

I'll start & give it a go, and end with pretty much the same statement pal, "Don't be too hard on yourself"
If I may say it (again), as I have asked others …
Lou, should you find a way to trade that you must let us know.

I, myself never really put up charts as ‘trading’ charts.
They are there mainly to show how I view the market as ‘organised’, and highly imho.


I was short-term mentored by a Day Chart Trader five years ago. He said I would likely get 4 trades a month his way, and that would be enough. I shook his hand (metaphorically) and left immediately, as that just wasn’t me.


On the chart you mention ABOVE (I filled in the blank from the emoji’s left behind ), well unless you reduce your lot size on the ‘same’ a/c margin and remain alert for days then how would you trade that chart is exactly the question.

At what point do we TP or do we let it ride for the whole carnival circuit. Once in profit how do we handle the pullbacks sometimes back into BE etc. How many cups of coffee do we intake to remain, not just awake, but alert during when Asia pushed into Franky then London and then the market reshuffled into New York and then when Franky/London closes and the next 4 hours with JUST the NY crew running the show into a two hour period when there are no majors open (apologies to Wellington, NZ). And the gap widening at rollover etc etc.

How does a trader do all this unless they just enter a trade and walk away.

Then, what S/L do we put at the point we decide to enter, do we then put in a Trailing Stop at certain profit or just ‘roll the dice” and let it ride whatever happens.


Your statement is a valid one, maybe not for your original reason for asking it (or maybe it was) but exactly for how I see it myself,
how can this key market operation be there and how do we not see it to profit from it.

(I could also show another chart based on exactly the same Zeppelin function where a trader would be whipsawed into a whiplash lol and price remained pretty much where it started AFTER the whipsaws were over).

The only purpose I take from the chart I posted that you mention is that, the market is highly organised (daily).

And from that perspective, how will I (me, you) trade it. How much profit do we want etc, what will we be happy with, and then can we repeat that success every day.


Here’s another chart below I like to show traders, some get it, some don’t.

This a chart with just a one parameter (21) period but combining ALL the standard mt4 MA “methods”.

Look how beautiful the chart is. How could we NOT, as skilled traders, make money off just that chart.

What would it matter where we enter, as we just follow the MA’s up to the golden gates, we can’t lose can we as we have price LOCKED IN by our ma’s PLUS a donchian channel (again a 21 period). We have price “corralled”, we own this market. Or do we?

Well this I reckon is how they sell the books, pdf’s and courses I guess.


From this new chart below maybe the question we need to ask OURSELVES is what will we do at the 50 pips Fake’N’Flip in the top right hand corner of the chart marked "x" if we enter just before it (the 2nd chart below it is the blown up portion of the long chart at the X fake).

At that F’N’F point, what method of risk management & profit control do we have in place to “handle that”, as we can never know when that might happen (though often it is within the Franky/London opens).


Don’t be tough on yourself or your perceptions Lou, the chart you referenced from earlier was not to show us we are missing anything with our eyes tho we should probably not (yet) be asking ourselves ‘how can I win all that money on the run up, next time’.

A better question might be, and each to their own, is
“how do I get some of that move?”

all the best Lou

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I use the term jokingly. But I am doing a deeper dive into these "Inflection" points (which is my preferred term). Shortening it to "zepps" works.

I, like you, prefer the short term. I don't really "scalp", but I am in and out of the market fairly fast.

I find it interesting how the inflection points on the hourly you posted work very similar to the ones on the 5-minute. Fractal. You have to love it.

I have gone from Stacey Burke, sprinkled in a bit of Volman, and I am now starting my journey into Brooks, and will likely go down the rabbit hole of he who shall not be named (ICT).

What I have now is enough. I have my modified version of SB/Volman. I will continue to improve my entries, my money management is sound, and in time this will suffice as it is simple-repeatable-scalable. I will also continue my rabbit hole searches of price action.

Take care

Hi Lou, I'll start & give it a go, and end with pretty much the same statement pal, "Don't be too hard on yourself" If I may say it (again), as I have asked others … Lou, should you find a way to trade that you must let us know. I, myself never really put up charts as ‘trading’ charts. They are there mainly to show how I view the market as ‘organised’, and highly imho. I was short-term mentored by a Day Chart Trader five years ago. He said I would likely get 4 trades a month his way, and that would be enough. I shook his hand (metaphorically) and left immediately, as that just wasn’t me. On the chart you mention ABOVE (I filled in the blank from the emoji’s left behind ), well unless you reduce your lot size on the ‘same’ a/c margin and remain alert for days then how would you trade that chart is exactly the question. At what point do we TP or do we let it ride for the whole carnival circuit. Once in profit how do we handle the pullbacks sometimes back into BE etc. How many cups of coffee do we intake to remain, not just awake, but alert during when Asia pushed into Franky then London and then the market reshuffled into New York and then when Franky/London closes and the next 4 hours with JUST the NY crew running the show into a two hour period when there are no majors open (apologies to Wellington, NZ). And the gap widening at rollover etc etc. How does a trader do all this unless they just enter a trade and walk away. Then, what S/L do we put at the point we decide to enter, do we then put in a Trailing Stop at certain profit or just ‘roll the dice” and let it ride whatever happens. Your statement is a valid one, maybe not for your original reason for asking it (or maybe it was) but exactly for how I see it myself, how can this key market operation be there and how do we not see it to profit from it. (I could also show another chart based on exactly the same Zeppelin function where a trader would be whipsawed into a whiplash lol and price remained pretty much where it started AFTER the whipsaws were over). The only purpose I take from the chart I posted that you mention is that, the market is highly organised (daily). And from that perspective, how will I (me, you) trade it. How much profit do we want etc, what will we be happy with, and then can we repeat that success every day. Here’s another chart below I like to show traders, some get it, some don’t. This a chart with just a one parameter (21) period but combining ALL the standard mt4 MA “methods”. Look how beautiful the chart is. How could we NOT, as skilled traders, make money off just that chart. What would it matter where we enter, as we just follow the MA’s up to the golden gates, we can’t lose can we as we have price LOCKED IN by our ma’s PLUS a donchian channel (again a 21 period). We have price “corralled”, we own this market. Or do we? Well this I reckon is how they sell the books, pdf’s and courses I guess. From this new chart below maybe the question we need to ask OURSELVES is what will we do at the 50 pips Fake’N’Flip in the top right hand corner of the chart marked "x" if we enter just before it (the 2nd chart below it is the blown up portion of the long chart at the X fake). At that F’N’F point, what method of risk management & profit control do we have in place to “handle that”, as we can never know when that might happen (though often it is within the Franky/London opens). Don’t be tough on yourself or your perceptions Lou, the chart you referenced from earlier was not to show us we are missing anything with our eyes tho we should probably not (yet) be asking ourselves ‘how can I win all that money on the run up, next time’. A better question might be, and each to their own, is “how do I get some of that move?” all the best Lou . {image} {image}[/quote]

This is good stuff Pete.

I think not enough "traders" ever do even a small stroll down this path of questioning. There is too much to have the gall to come out and claim there is only one way.

That FnF on the hourly gives a completely different look at that "pattern".

Hey TimeTells and Spzd
Thanks for the replies... will be reading them in depth later today..... off to the shotgun range now.

The look on the cat's face.

Zeppelins everywhere - where's my medication !

Speaking of which - there is one hidden in here somewhere !
Seriously though. I have marked up the Dax with a mixture of "Roadmap," my staple vehicle for trading, and perceived elements of Stacey Burke.
I would appreciate any constructive comment on Stacey Burke's approach and his perceived view of the chart, in your opinion of course.
Albeit I use Roadmap as a staple I want to include elements of SB ( spzd has already drawn my attention to a couple of points recently) that might tighten up my approach and improve pre trading session analysis and mark up with the all important lines prior to Frankie open.

every time it is a battle - NOT against the market as it will do whatever it does, over & over - but a battle with ME and what goes on in my own head.

Kev calls it "Us vs Us' in the market, not "us vs the market"

That is so true but often very badly underestimated - especially by those who come off Demo and try "live" trading with real money on the line.
Over trading, letting losers run, snatching profits and a few other sins. All snares awaiting the trader.

There are some good things in this video.

Believe or not, I came to this same basic style of trading just the one session -US - using the European session as initial framework. I use the 5-minute as opposed to his 1-minute (too much "noise" for me ) and like SB, I use the 15-minute for the bigger picture.

I like his shorter motivational videos. I agree that it is the entry. I have two basic candle patterns I look for at swings of the US session.

Psst !
No feelthy pictures but here is a video ( sssh...) about an approach to trading the sp500 index future.
This is the introductory Video. It includes some pictures too....
There are two other linked videos relating to am and pm index trading approaches relating to indicies.
For the information of the Forum police - these video's are free and are not linked to paid courses. They are purely educational with the aim of adding to the trading knowledge of the reader. Discussions are encouraged.

The circles coincide with levels to the left accompanied by engulfing etc candles and the last pin ( third left from 1740hrs) nips into the 50 level then down for a short ?

Is that ma a 10 period as per Al Brookes?

The circles are my entries within the US session. Often there is a good move after.

The ma is a 25ema.

5-minute.

He did a large "mentorship" this year using the indices. I watched some of that. There are similarities in many PA methods.

I'm going to play with my short-term session method for the foreseeable future while I continue my education which includes he who cannot be named or posted I guess.

i trade short term mate its very rewarding , when people ask me why ""IF I WANTED TO TRADE LONG TERM I WOULD TRADE THE STOCKMARKET"" , i am sure a lot of traders trade longer term and the risk that goes with it , as we all know the forex market is volatile and makes it a short term money spinner

A few trades a day at an amount that makes it worth it. Only have an account big enough to cover your style. No worries of being screwed while you sleep.