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Volman meets Burke or My journey with PA

  • #621
  • Oct 21, 2022 9:03am Oct 21, 2022 9:03am
Quoting spzd
{quote} Entries are at the close-open. Or limit.

See this green rectangles on my chart 3670 -ish and 3695 -ish - these are ICT FVGaps ( From the Tradeview application) drawn as price moves ?? Wouldn't they now be "breakaway Gaps." ?
every Saint has a past. Every Sinner has a Future
  • #622
  • Oct 21, 2022 9:08am Oct 21, 2022 9:08am
Quoting turnip15
{quote} See this green rectangles on my chart 3670 -ish and 3695 -ish - these are ICT FVGaps ( From the Tradeview application) drawn as price moves ?? Wouldn't they now be "breakaway Gaps." ?
I would not worry about those at all today. Unless price comes back down into them. Then you would need to be more cautious perhaps.
Mark ... Everything you have been told is a LIE
  • #623
  • Oct 21, 2022 9:09am Oct 21, 2022 9:09am
I need to get over this fear of trading the open.
Mark ... Everything you have been told is a LIE
  • #624
  • Edited 9:41am Oct 21, 2022 9:25am | Edited 9:41am
Quoting spzd
I need to get over this fear of trading the open.
The first Pin hit the FVG at 2:30pm open but I waited, like you I am nervous of the open. The arrow was my dip into the FVG I drew. For some reason the Tradeview -ICT FVGap was not recognised? But broke level so I was okay with that. The other Green FVGaps each -so far -had price return and dip into them before carrying on long. Still learning

Edit - glad I am not in now but watching out of interest another drawn FVGap coming down ( trade view ICT app.)

Just twigged why my drawn FVG was not recognised ( yellow rectangle) - it may have been a breakaway gap that I was lucky enough to mistake for a FVG - but it still went long.
every Saint has a past. Every Sinner has a Future
  • #625
  • Oct 21, 2022 9:32am Oct 21, 2022 9:32am
Quoting turnip15
{quote} The first Pin hit the FVG at 2:30pm open but I waited, like you I am nervous of the open. The arrow was my dip into the FVG I drew. For some reason the Tradeview -ICT FVGap was not recognised? But broke level so I was okay with that. The other Green FVGaps each -so far -had price return and dip into them before carrying on long. Still learning Edit - glad I am not in now but watching out of interest another drawn FVGap coming down ( trade view ICT app.)
Out of curiosity -will it touch up into this new "pink" FVGap and short?
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #626
  • Oct 21, 2022 9:36am Oct 21, 2022 9:36am
Quoting turnip15
{quote} Out of curiosity -will it touch up into this new "pink" FVGap and short? {image}
On MES it was 0.25 from the high of the previous bar.
Mark ... Everything you have been told is a LIE
  • #627
  • Oct 21, 2022 9:37am Oct 21, 2022 9:37am
Quoting spzd
{quote} On MES it was 0.25 from the high of the previous bar.
Double Top Stacey Burke type ?
every Saint has a past. Every Sinner has a Future
  • #628
  • Oct 21, 2022 10:47am Oct 21, 2022 10:47am
Quoting turnip15
{quote} Double Top Stacey Burke type ?
Later FVG price action ( explained on chart)
Enjoy weekend all.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #629
  • Oct 21, 2022 10:49am Oct 21, 2022 10:49am
Quoting turnip15
{quote} Out of curiosity -will it touch up into this new "pink" FVGap and short? {image}
It did - see chart above - Post 628
every Saint has a past. Every Sinner has a Future
  • #630
  • Oct 21, 2022 11:25am Oct 21, 2022 11:25am
Wanting to understand earlier charts posted. But....

FVGap ... not familiar with the term... couldn't find an explanation
  • #631
  • Oct 21, 2022 12:00pm Oct 21, 2022 12:00pm
Quoting Lou
Wanting to understand earlier charts posted. But.... FVGap ... not familiar with the term... couldn't find an explanation
FVG = Fair Value Gap

This is an ICT (mostly) concept. I know of it. Up to now I don't use it. I will likely do some research on it. Like a lot of things with PA, I think it works best when used at/near H/L and in some retrace scenarios.

It is the "gap" from bars NOT overlapping price. The FVG would be the area between the 2 blue lines. An entry would be when price came back to the FVG.

Attached Image (click to enlarge)
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Mark ... Everything you have been told is a LIE
  • #632
  • Oct 21, 2022 12:27pm Oct 21, 2022 12:27pm
[quote=spzd;14191649]{quote} FVG = Fair Value Gap This is an ICT (mostly) concept. I know of it. Up to now I don't use it. I will likely do some research on it. Like a lot of things with PA, I think it works best when used at/near H/L and in some retrace scenarios. It is the "gap" from bars NOT overlapping price. The FVG would be the area between the 2 blue lines. An entry would be when price came back to the FVG. {image}[/qu

Very interesting and new to me. Will help in chart analysis and live trading.

Thank you kindly.
  • #633
  • Oct 21, 2022 2:05pm Oct 21, 2022 2:05pm
Quoting spzd
{quote} Truth is, I do not know which route will work best for you. I do know that the route I chose does work. I will go over my process. Feel free to mimic or modify or discard. As I have said, I had not traded for about 3 years and have wanted to learn price action. In that time I have been reading a few threads here on FF that really piqued my interest. https://www.forexfactory.com/thread/...ore-tma-intra? https://www.forexfactory.com/thread/...-real-or-algo? https://www.forexfactory.com/thread/...ying-dutchman?...
Thank you for the answer. Me too, I like the Volman . Book. I'm an very aggressive scalper and so I feel comfortable using the M5 charts also the use of the EMA. I wasn't successful on M15 or even higher TFs. I also use M1 linechart for watching PA finding S&R levels
  • #636
  • Oct 24, 2022 4:56am Oct 24, 2022 4:56am
I can understand what happened around the arrows at FVGaps BUT what was going on around the yellow circle and levels?
Any ideas anyone ?
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every Saint has a past. Every Sinner has a Future
  • #637
  • Oct 24, 2022 4:59am Oct 24, 2022 4:59am
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  • #638
  • Oct 24, 2022 5:26am Oct 24, 2022 5:26am
Didn't trade the Dax this morning either. Huge tails left me confused and unsure. I had marked up my chart prior to 7am German Open - but then sat and watched in confusion. Did not like those long tails. Nothing traded this morning. Did some Spanish while watching price spike around.
Red news probably didn't help ?

Edit: Green and Pink lines are Tradeview generated FVGaps
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every Saint has a past. Every Sinner has a Future
  • #639
  • Oct 24, 2022 6:41am Oct 24, 2022 6:41am
Quoting turnip15
Didn't trade the Dax this morning either. Huge tails left me confused and unsure. I had marked up my chart prior to 7am German Open - but then sat and watched in confusion. Did not like those long tails. Nothing traded this morning. Did some Spanish while watching price spike around. Red news probably didn't help ? Edit: Green and Pink lines are Tradeview generated FVGaps {image}
Only now has price entered calmer waters -no spike tail price action?
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #640
  • Oct 24, 2022 6:45am Oct 24, 2022 6:45am
Quoting turnip15
I can understand what happened around the arrows at FVGaps BUT what was going on around the yellow circle and levels? Any ideas anyone ? {image}
Anyway - price eventually made a bounce off FVG that I actually recognised - pity I finished at 10am
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every Saint has a past. Every Sinner has a Future
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