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Volman meets Burke or My journey with PA

  • #781
  • Nov 7, 2022 4:06am Nov 7, 2022 4:06am
Dax round up. Huge gap which I left to see if it filled. Probably got in late against was confident to take a long at arrow where price bounced off level.
I missed a chunk as SB fans will point out.
Could I have done better?
Comments welcome for this learner please
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every Saint has a past. Every Sinner has a Future
  • #782
  • Nov 7, 2022 6:29am Nov 7, 2022 6:29am
Hi All,

What's your preferred position sizing method and why?? Provided that all the methods allow an increase in position sizing after a certain threshold.

  1. A fixed dollar value.
  2. A fixed percentage risk.
  3. A fixed Contract size value.

Thank you.

Success = Practice + Patience + Persistence
  • #783
  • Nov 7, 2022 7:18am Nov 7, 2022 7:18am
Quoting fxpider
Hi All, What's your preferred position sizing method and why?? Provided that all the methods allow an increase in position sizing after a certain threshold. A fixed dollar value. A fixed percentage risk. A fixed Contract size value. Thank you.
I use a percentage size.
Mark ... Everything you have been told is a LIE
  • #784
  • Nov 7, 2022 8:20am Nov 7, 2022 8:20am
My mark up of sp500 prior to pre and post New York Open ( ie. from 1:30pm UK time)
Regarding Stacey Burke -would you say this is an inside day ( inside of yesterdays New York high/low?)
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every Saint has a past. Every Sinner has a Future
  • #785
  • Nov 7, 2022 8:29am Nov 7, 2022 8:29am
Yellow lines are 4 hour levels pre open that might be useful?
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every Saint has a past. Every Sinner has a Future
  • #786
  • Edited 9:03am Nov 7, 2022 8:52am | Edited 9:03am
Quoting spzd
{quote} What do ya know.
Mark
could the circle where price is under the red line be a Stacey Burke "Break of Prior Formation Low" ?

Watching price
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every Saint has a past. Every Sinner has a Future
  • #787
  • Nov 7, 2022 9:02am Nov 7, 2022 9:02am
Quoting turnip15
Yellow lines are 4 hour levels pre open that might be useful? {image}
Levels as in high/low?

edit: I see it now. doh
Mark ... Everything you have been told is a LIE
  • #788
  • Edited 9:47am Nov 7, 2022 9:05am | Edited 9:47am
Quoting turnip15
{quote} Mark could the circle where price is under the red line be a Stacey Burke "Break of Prior Formation Low" ? Watching price {image}
That's a shorter term structure break. A larger break would be the low below the one you point out.

Just because you have that break does not mean it will go down. Those few bars are a base.
Mark ... Everything you have been told is a LIE
  • #789
  • Nov 7, 2022 9:05am Nov 7, 2022 9:05am
Quoting turnip15
{quote} Mark could the circle where price is under the red line be a Stacey Burke "Break of Prior Formation Low" ? Watching price {image}
Is that the 200 sma(?) from RoadMap?
Mark ... Everything you have been told is a LIE
  • #790
  • Edited 9:41am Nov 7, 2022 9:17am | Edited 9:41am
Quoting spzd
{quote} Is that the 200 sma(?) from RoadMap?
Yes
and price might go up from PFL ?
And now a Roadmap long ?


Gulp ! Price getting close to my stop
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every Saint has a past. Every Sinner has a Future
  • #791
  • Nov 7, 2022 9:44am Nov 7, 2022 9:44am
Quoting turnip15
{quote} Yes and price might go up from PFL ? And now a Roadmap long ? Gulp ! Price getting close to my stop {image}
Price got close to my stop -nearly end of my session and could end as a loser today.
Will use the 200ma as a stop now
every Saint has a past. Every Sinner has a Future
  • #792
  • Nov 7, 2022 9:48am Nov 7, 2022 9:48am
Quoting turnip15
{quote} Price got close to my stop -nearly end of my session and could end as a loser today. Will use the 200ma as a stop now
Good -locked in a couple of points now.
every Saint has a past. Every Sinner has a Future
  • #793
  • Nov 7, 2022 10:00am Nov 7, 2022 10:00am
Quoting turnip15
{quote} Good -locked in a couple of points now.
Closed 3784:04
every Saint has a past. Every Sinner has a Future
  • #794
  • Edited 10:14am Nov 7, 2022 10:02am | Edited 10:14am
Quoting turnip15
{quote} Closed 3784:04
4pm and I am finished. Now watch price race upwards without me

Back tomorrow.

EDIT: before I go here is the current chart. Some could say I got out too early because price didn't close below channel. But I finish at 4pm and must take what is going. Well -it makes me feel better writing that
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every Saint has a past. Every Sinner has a Future
  • #795
  • Nov 7, 2022 11:09am Nov 7, 2022 11:09am
Quoting turnip15
{quote} Yes and price might go up from PFL ? And now a Roadmap long ? Gulp ! Price getting close to my stop {image}
I ask because you can and should make use of the MA as a dynamic support.
Mark ... Everything you have been told is a LIE
  • #796
  • Nov 7, 2022 11:10am Nov 7, 2022 11:10am
Quoting turnip15
{quote} 4pm and I am finished. Now watch price race upwards without me Back tomorrow. EDIT: before I go here is the current chart. Some could say I got out too early because price didn't close below channel. But I finish at 4pm and must take what is going. Well -it makes me feel better writing that {image}
You got out when you needed to.

What about all the folks who get TP and price continues to move. Same diff. All is good.
Mark ... Everything you have been told is a LIE
  • #797
  • Nov 7, 2022 3:57pm Nov 7, 2022 3:57pm
Quoting spzd
{quote} You got out when you needed to. What about all the folks who get TP and price continues to move. Same diff. All is good.
Mark
I found these summary videos re ICT if you are interested.
Inserted Video
every Saint has a past. Every Sinner has a Future
  • #798
  • Nov 7, 2022 5:29pm Nov 7, 2022 5:29pm
Quoting turnip15
{quote} Mark I found these summary videos re ICT if you are interested. https://www.youtube.com/watch?v=uVWu3RKli7s
ICT pointed her out. Might have been a tweet ...
Mark ... Everything you have been told is a LIE
  • #799
  • Nov 7, 2022 5:30pm Nov 7, 2022 5:30pm
Inserted Video
Mark ... Everything you have been told is a LIE
  • #800
  • Nov 7, 2022 8:47pm Nov 7, 2022 8:47pm
Quoting spzd
https://www.youtube.com/watch?v=pJNo...eyBurkeTrading
I am a subscriber to SB also have saved some videos. He mentions traders emailing him... how does one do that ?
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