Volman meets Burke or My journey with PA

Waiting for a trading opportunity

sp500 short underway

Stacey Burke ping pong
Off DB and DT's
I finish in ten minutes - 4pm - maybe

This has been a st-range day so far ...

Dax roundup
Dax on usual Roadmap with a bit of SB was fine this morning ( Blue circles)
What I am still looking at are FVGaps ( Pink = fog formed on down candles and green fvg formed on up candle gaps.) I marked possible shorts with "?"
What do you guys think of marked FVGaps

15 minute Cable and 5 minute cable
Not traded by me but interested in the levels and Stacey 1-2-3 etc interaction etc
Anything catch your eye chaps?
Still learning

Hi turnip,

Mate I see the Stacey in it, on the 2nd chart (1-2-3, holding up price near the top)
This looks market mechanics 101 imho.
All the best, a very tradeable chart

This a Peak Formation Low SB set up chaps ?

Bite on sp500 pre open -DBottom and break of line/PIN

Stopped out and waiting - EDIT: See Flying Dutchman Post 3998

Wife brought me jam scones and a cup of tea - and asking how trading is going....Hmmmmm....Christmas is looming up

Good call! Missed the entry. Didn't try to get in. There were a couple spots.

Sounds like the wife is buttering you up.

The MES set-up a base at 3790. Then gave up almost 60 points.

The US gets the shaft when it comes to retail forex brokers.

The GBP_USD gave a great trade this morning. These are the ones you need to catch when they occur. This was a Volman style entry.

13400 had a lot of confluence around it I notice.
Had I traded Cable I would have waited for the actual 2:30 New York Equity open and missed a load of pips
Had I used pre New York hour ( which SB uses as a set up prior to Open?) from 1:30pm then I would have collected loads of pips.
Yes -confluence and consolidations around that entry - well spotted.

Quiet today ?

Been absent for a couple days here. Working on my grand scheme to take over the world.

Pete (TimeTells) has been passing some good general thought material over at the Flying Dutchman

starting around here and forward.

Some busy Red News coming up. Not in any market atm.

Cheers Mark, much appreciated pal, I love watching you guys here and when I can link my thoughts to Stacey (I haven't explored Vol properly as yet at all)
well I will always slip in a post or two.

Thing is when I look at Stacey I guess he goes back to Wyck also (they all must in the end I imagine as that is Market Mechanics Basis) whereas I
find Stacey actually explains it in more & better detail AND at a chart relevant level, rather than just the schematics. I might be able to combine the two and see where we can all go with it, turnip is onto the idea I reckon also.

In the end it is the 'actual' trade entry point we all flap around I imagine and I shouldn't start this lol, but it may not matter so much in the end.
(my reason is that oftem my trade, if not an immediate MM drawdown, cheers , will go into profit and THEN face a pullback which is not always major).

Something to chat about another day.

And yes,
Keep your Head when news is Red (old aussie saying )

I think SB is rooted in Wyckoff. The schematics are the theory version, charts are the practical application of that theory. Volman uses 5-minute charts trading the EUR_USD. He uses a 25-period ema and boxes and short trend lines to identify breakouts from ranges. So, he uses Inflection Points.

Entries are very dear to me.

You get the idea -)

Entries are important as I am a bit of adverse to losses. One may think this odd as I have on occasion been seen at the craps table. But that is not so, as I approach the table the same as trading - with a strict MM. Do I take losses. You know it. Are they detrimental to continuing to trade? Not in the least as they are strictly controlled.

Shooting craps, with known odds and good MM, is winnable in the short term because the odds against you are known. There are methods for to "cold" and "hot" and "warm" tables. All dependent on the random factors involved in throwing the dice. (Little Ricky would be all over me with the degen stuff )

Compare this with trading and there are many similarities. I would argue that markets are not "random" in the normal definition. Perhaps the better definition is they are random in the eye of the trader.

The real reason for bringing all this up is the Money Management. To me that is an essential component.

Combining a proper entry with good money management then leave the rest to the markets.

Take care