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Volman meets Burke or My journey with PA

  • #681
  • Oct 28, 2022 3:30am Oct 28, 2022 3:30am
Quoting Lou
Chicago memory ... When my brother graduated from high school , for some reason we decided to take a trip to Chicago. I am 2 years older. We took the train from St. Paul. Enjoyed several days of sightseeing all over the city, going to the Science and Industry museum seeing the U Boat, eating at the Pump Room and stayed at The London House. A year or so after our trip we watched the Chicago 1968 Riots on TV . Would exclaim..' hey we were right at that spot just a year ago ' ! Now I can watch reruns of M Squad TV series and see some of the same spots....
Saw a programme in the UK on Detroit last night.. What a dreadful place: ruined factories that have stood derelict for years, high murder rate, abandoned schools and homes. Some homes still had the furniture and human mementoes within them like photographs, clothing etc. ( one woman there lost two sons to gun crime) but amongst all this ruin some people were starting urban farms on derelict acres. What an eye opener in a country one assumed was rich and people lived better than those in smaller, less industrial or "advanced" countries. Is any govt. dept. trying to improve Detroit or will it remain a monument to social and economic ruin.

https://www.dailymail.co.uk/tvshowbi...t-anarchy.html
every Saint has a past. Every Sinner has a Future
  • #682
  • Oct 28, 2022 8:48am Oct 28, 2022 8:48am
Quoting turnip15
{quote} Saw a programme in the UK on Detroit last night.. What a dreadful place: ruined factories that have stood derelict for years, high murder rate, abandoned schools and homes. Some homes still had the furniture and human mementoes within them like photographs, clothing etc. ( one woman there lost two sons to gun crime) but amongst all this ruin some people were starting urban farms on derelict acres. What an eye opener in a country one assumed was rich and people lived better than those in smaller, less industrial or "advanced" countries. Is...
It's been run by the most corrupt gang there is - the Democrats.

Yes, there is a huge gap in economics in the US. And the "leaders and media" in the US whine about how bad other countries are, yet they turn their own nation into a shithole.
Mark ... Everything you have been told is a LIE
  • #683
  • Oct 28, 2022 9:29am Oct 28, 2022 9:29am
Saw this on sp5oo -several tails bouncing along 3828:00 and longed after pin that broke my channel ( red line)

Waited ages for this trade because I saw nothing to get me in earlier.
Did anyone trade earlier than my trade today, thus far ?
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every Saint has a past. Every Sinner has a Future
  • #684
  • Oct 28, 2022 9:31am Oct 28, 2022 9:31am
That long green bar just after US Equity open took off whilst I was staring at it
every Saint has a past. Every Sinner has a Future
  • #685
  • Oct 28, 2022 9:38am Oct 28, 2022 9:38am
Quoting turnip15
That long green bar just after US Equity open took off whilst I was staring at it
Stop to 3850
every Saint has a past. Every Sinner has a Future
  • #686
  • Oct 28, 2022 9:46am Oct 28, 2022 9:46am
Lets see what happens now as ADR and previous High loom into view
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every Saint has a past. Every Sinner has a Future
  • #687
  • Oct 28, 2022 9:55am Oct 28, 2022 9:55am
Done well so far. Seems to be a nice creature so far the SP500.Maybe Spzd has a point that this instrument is worth following.
But I still have more to learn for sure.
EDIT: I finish at 4pm - 5 minutes time- so that's it for now
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every Saint has a past. Every Sinner has a Future
  • #688
  • Oct 28, 2022 10:01am Oct 28, 2022 10:01am
Quoting turnip15
Done well so far. Seems to be a nice creature so far the SP500.Maybe Spzd has a point that this instrument is worth following. But I still have more to learn for sure. EDIT: I finish at 4pm - 5 minutes time- so that's it for now {image}
You should of come close to the magic number with that trade. 40 points
Mark ... Everything you have been told is a LIE
  • #689
  • Oct 28, 2022 10:07am Oct 28, 2022 10:07am
Quoting turnip15
Lets see what happens now as ADR and previous High loom into view {image}
Just posting this so the near exactness between cash and micro futures.

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Mark ... Everything you have been told is a LIE
  • #690
  • Oct 29, 2022 12:59pm Oct 29, 2022 12:59pm
This is part of a new post made by a long time successful trader here on FFF. I have followed and traded his style for more than 15 years. But when he began trading Dow futures and other non forex instruments on the lower time frames and mainly at the London and NY sessions I started following Stacey B because I liked his style and he seemed to me , to do it better.
So this post was very interesting from my previous (mentor) :

I only want to trade A+++ set ups with a different risk and trade management style. The US Open is ideal for this but can be very tricky to trade as the Smart Money likes to play with us retail traders by making fake break outs and Stop Runs. I am studying how Smart Money trade News Events so that I can piggy back on their coat tails. Catching trends, no matter how short are really what I am looking to find but the Market Price Action is so different from one day to the next. Complicating this is my lack of tolerance for draw down so I am also looking at fixed profits and draw downs but only in $$. I am still only trading Euro and Dow futures.
  • #691
  • Oct 29, 2022 2:14pm Oct 29, 2022 2:14pm
Quoting Lou
This is part of a new post made by a long time successful trader here on FFF. I have followed and traded his style for more than 15 years. But when he began trading Dow futures and other non forex instruments on the lower time frames and mainly at the London and NY sessions I started following Stacey B because I liked his style and he seemed to me , to do it better. So this post was very interesting from my previous (mentor) : I only want to trade A+++ set ups with a different risk and trade management style. The US Open is ideal for this but can...
lol
Sounds almost like me in a way.
Mark ... Everything you have been told is a LIE
  • #692
  • Oct 29, 2022 2:50pm Oct 29, 2022 2:50pm
Al Brooks "5 Steps to Finding Today's Trades"

" ... What's the key to practicing as a trader? It's simply looking at charts and trying to find patterns.
It's obvious.
The more you understand about what the market is doing [Here AB is talking about how price moves.] and the better able you are to anticipate what it's about to do, the more money you stand to make. ..."

"... If you look for a perfect pattern you will not find many setups and you're not going to trade very much. ..."

Inserted Video
Mark ... Everything you have been told is a LIE
  • #693
  • Oct 30, 2022 9:49am Oct 30, 2022 9:49am
Trader Tom does it live

Nice to watch the price action and pick your spot to trade as you watch price unfold
Inserted Video
every Saint has a past. Every Sinner has a Future
  • #694
  • Oct 30, 2022 10:04am Oct 30, 2022 10:04am
Quoting turnip15
Trader Tom does it live Nice to watch the price action and pick your spot to trade as you watch price unfold https://www.youtube.com/watch?v=iwuoDyPcLW8
Saw this earlier. Quite impressive how he does it. My mind does not work that fast. Longer term goal is to trade the SP500 bar by bar.
Mark ... Everything you have been told is a LIE
  • #695
  • Oct 30, 2022 10:13am Oct 30, 2022 10:13am
One thing with indices is that even with 23/24 hours/day trading, many even Tom in his video go by the open close based on the NYSE open close each day. This gives a gap nearly every day.
Mark ... Everything you have been told is a LIE
  • #696
  • Oct 30, 2022 11:23am Oct 30, 2022 11:23am
Will be getting into my thing a bit deeper.

I have settled into short term price action trading based on how I interpret the teachings of those I follow. Essentially, I have made it my own. And I think that is what every PA trader should strive for. Take what works for you and drop the rest.

I am only trading two instruments as this method requires more focus than can be given (at least by me) to more instruments. The micro e-mini SP500 (MES) futures and the GBP_USD (GU) forex currency.

My trading method is mainly short-term swings intraday. The GU is traded through a prop account and the MES is traded through a US based broker. My spreads are extremely low, 0.1 pip on the GU and 0.25 on the MES. Other than zero these are the lowest you can get.

I use 2 laptops, one instrument on each. I have decided to use the mt5 platform. I use indicators that create horizontal lines at price levels and the price framework. These are the open, high, low, and the quarter levels (on the GU/the MES is at 10-point levels). I also have indicators that place the session blocks and the various times I use. The only other indicator is a 20-period ema. I have recently changed it to 20 as I am now reading Brooks and that is the period he uses. I likely use an ema differently than others. I learned how price and a moving average can work together from a precious mentor. Because I have what I need on mt5 and my future broker offers it, I chose to use it. No major complaints beyond the main limitations from the mt platform.

My futures broker uses GMT so those charts are initially off by 2 hours. Fortunately, the indicators I use are adjustable and I can create a NY close.

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Mark ... Everything you have been told is a LIE
  • #697
  • Oct 31, 2022 5:35am Oct 31, 2022 5:35am
Dax roundup.
Not sure of FVGaps just yet. Still find them confusing But it did coincide with a horizontal level. And saw a break of a small consolidation area ( Zeppelin ) - Thanks TimeTells.
And down to Friday Low - Missed a long at that low - see ? -
Failed long from channel then, lastly - successful longs from channel. And final short into 10am finish for me.
Need to be aware of price action behaviour at levels and lines at levels - so work in progress continues.
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every Saint has a past. Every Sinner has a Future
  • #698
  • Oct 31, 2022 8:01am Oct 31, 2022 8:01am
Quoting turnip15
Dax roundup. Not sure of FVGaps just yet. Still find them confusing But it did coincide with a horizontal level. And saw a break of a small consolidation area ( Zeppelin ) - Thanks TimeTells. And down to Friday Low - Missed a long at that low - see ? - Failed long from channel then, lastly - successful longs from channel. And final short into 10am finish for me. Need to be aware of price action behaviour at levels and lines at levels - so work in progress continues. {image}
Friday low is a definite point of interest. Use as support until broken.

FVGs do make good areas to look for entries. Like everything they are not the end all be all. Can be useful though.

PA at points of interest is, imo, the main focus. Thinking you may need to adjust your entry rules with the RoadMap Channel.

An interesting experiment would be to put the open on the chart from the equities open for this index. Perhaps the true close also. I have the opens - both true 9:30 am ET for the SP500 and chart created at the start of the next day (after hours).
Mark ... Everything you have been told is a LIE
  • #699
  • Oct 31, 2022 8:09am Oct 31, 2022 8:09am
Embarrassing admittance ...

I just realized last night that my session boxes for all three sessions on my currency charts were off by an hour. They were one hour ahead of the time they should be.
Mark ... Everything you have been told is a LIE
  • #700
  • Oct 31, 2022 8:10am Oct 31, 2022 8:10am
An example of previous day low acting as support just happened GU 5-minute.
Mark ... Everything you have been told is a LIE
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