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Volman meets Burke or My journey with PA

  • #881
  • Nov 16, 2022 7:47am Nov 16, 2022 7:47am
Quoting turnip15
The sp500 index. Prices on hourly are in a range above the big rise from the left of the chart. Marking up chart later {image}
ON the front contract- December - 4000BRN has held for three days. Today is the fourth. Look for how PA acts at the top. And be conscious of the bottoms it sets.
Mark ... Everything you have been told is a LIE
  • #882
  • Nov 16, 2022 8:47am Nov 16, 2022 8:47am
Quoting spzd
{quote} ON the front contract- December - 4000BRN has held for three days. Today is the fourth. Look for how PA acts at the top. And be conscious of the bottoms it sets.
Price bouncing between a D/bottom (little pink circle) and a 3982 UK daytime open line -watching for now
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #883
  • Nov 16, 2022 8:50am Nov 16, 2022 8:50am
Quoting turnip15
{quote} Price bouncing between a D/bottom (little pink circle) and a 3982 UK daytime open line -watching for now {image}
well here's a bit of action
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #884
  • Nov 16, 2022 8:57am Nov 16, 2022 8:57am
Quoting turnip15
{quote} well here's a bit of action {image}
Looking to be down for the start. The only question is if it will start to trend or stay ranging.
Mark ... Everything you have been told is a LIE
  • #885
  • Nov 16, 2022 8:59am Nov 16, 2022 8:59am
Had a pm saying that some trade sp500 on the one minute. I always thought 5 minute gives a better view and time to think?
Does anyone have an opinion on scalping times for sp500?
Naz and Dow always seem lightning fast and dangerous on the 5 minute time frame.
The sp500 I thought was a more refined creature not given to racing about?
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #886
  • Nov 16, 2022 9:02am Nov 16, 2022 9:02am
Quoting spzd
{quote} Looking to be down for the start. The only question is if it will start to trend or stay ranging.
might range since a bounce is in progress but the 5 minute bar has yet to close. Busy punching above Asian low at present.
every Saint has a past. Every Sinner has a Future
  • #887
  • Nov 16, 2022 9:12am Nov 16, 2022 9:12am
Quoting turnip15
Had a pm saying that some trade sp500 on the one minute. I always thought 5 minute gives a better view and time to think? Does anyone have an opinion on scalping times for sp500? Naz and Dow always seem lightning fast and dangerous on the 5 minute time frame. The sp500 I thought was a more refined creature not given to racing about? {image}
When I first started this adventure I was using the 1-minute. I was having trouble determining from a minor M1 structure break and a more significant structure break. At that point I took everything back to the 15-minute until I started my study of Brooks. Now I trade everything off the M5. I occasionally look at a higher time frame, such as the Daily I posted. Trading as I do there really is no need to over complicate with FVGs, higher time frame S/R, fibs, whatever else.

Yes, some do trade the SP500 off the M1. Many use some form of volume. I am satisfied with the route I have taken.
Mark ... Everything you have been told is a LIE
  • #888
  • Nov 16, 2022 9:12am Nov 16, 2022 9:12am
Quoting turnip15
{quote} might range since a bounce is in progress but the 5 minute bar has yet to close. Busy punching above Asian low at present.
And the Blue horizontal zone is a 15 minute low area touched several times as Support
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #889
  • Nov 16, 2022 9:17am Nov 16, 2022 9:17am
Quoting turnip15
{quote} might range since a bounce is in progress but the 5 minute bar has yet to close. Busy punching above Asian low at present.
MES was a bounce off the Q75 level. This is also Tuesday's 24hour open. That open -the 24 hour open after 1700 EST- will sometimes carry over as into the next day providing possible .S/R.

It's looking weak to the top so it may break down soon.
Mark ... Everything you have been told is a LIE
  • #890
  • Nov 16, 2022 9:23am Nov 16, 2022 9:23am
Quoting spzd
{quote} When I first started this adventure I was using the 1-minute. I was having trouble determining from a minor M1 structure break and a more significant structure break. At that point I took everything back to the 15-minute until I started my study of Brooks. Now I trade everything off the M5. I occasionally look at a higher time frame, such as the Daily I posted. Trading as I do there really is no need to over complicate with FVGs, higher time frame S/R, fibs, whatever else. Yes, some do trade the SP500 off the M1. Many use some form of volume....
I am sticking to the 5 minute since and no lower. Like you -look at what's going on.
Still looking at momentum on 5 minutes - just a couple of points a time often possible as on bar breaks the previous "thrust" bar. just need the gonads to put real money on it.
every Saint has a past. Every Sinner has a Future
  • #891
  • Nov 16, 2022 9:25am Nov 16, 2022 9:25am
Quoting spzd
{quote} MES was a bounce off the Q75 level. This is also Tuesday's 24hour open. That open -the 24 hour open after 1700 EST- will sometimes carry over as into the next day providing possible .S/R. It's looking weak to the top so it may break down soon.
Or not ...
Mark ... Everything you have been told is a LIE
  • #892
  • Nov 16, 2022 9:32am Nov 16, 2022 9:32am
Quoting turnip15
{quote} I am sticking to the 5 minute since and no lower. Like you -look at what's going on. Still looking at momentum on 5 minutes - just a couple of points a time often possible as on bar breaks the previous "thrust" bar. just need the gonads to put real money on it.
And could be a lot of support on the 15 minute level ( Blue Rectangle)
I might have another no trade day if no movement by 4:30pm UK time
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #893
  • Nov 16, 2022 9:53am Nov 16, 2022 9:53am
About darn time.

Will it carry through.
Mark ... Everything you have been told is a LIE
  • #894
  • Nov 16, 2022 9:58am Nov 16, 2022 9:58am
Quoting turnip15
{quote} I am sticking to the 5 minute since and no lower. Like you -look at what's going on. Still looking at momentum on 5 minutes - just a couple of points a time often possible as on bar breaks the previous "thrust" bar. just need the gonads to put real money on it.
Learn to use momentum when price moves through highs and lows. It often gives 3 to 8 points if nothing else.
Mark ... Everything you have been told is a LIE
  • #895
  • Nov 16, 2022 10:35am Nov 16, 2022 10:35am
To get anywhere even remotely close to fairly good, I believe you have to immerse yourself in whatever it is you are trying to learn/master.
Mark ... Everything you have been told is a LIE
  • #896
  • Nov 16, 2022 11:02am Nov 16, 2022 11:02am
Quoting spzd
About darn time. Will it carry through.


Agreed on that one
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every Saint has a past. Every Sinner has a Future
  • #897
  • Nov 16, 2022 11:15am Nov 16, 2022 11:15am
Quoting spzd
{quote} Learn to use momentum when price moves through highs and lows. It often gives 3 to 8 points if nothing else.
Realistically ( probably statistically) it is easier to get 3 to 8 points than it is to hit out for home runs that some seem to advocate. Little and often.
Still need tight stops and iron discipline for that sort of thing.
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every Saint has a past. Every Sinner has a Future
  • #898
  • Nov 16, 2022 11:28am Nov 16, 2022 11:28am
Quoting turnip15
{quote} Realistically ( probably statistically) it is easier to get 3 to 8 points than it is to hit out for home runs that some seem to advocate. Little and often. Still need tight stops and iron discipline for that sort of thing. {image}
Professor Plum.
Mark ... Everything you have been told is a LIE
  • #899
  • Nov 17, 2022 8:38am Nov 17, 2022 8:38am
Look at SP500 on the hourly and 5 minute.
Hourly support or fall through?
Attached Image(s) (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #900
  • Nov 17, 2022 9:27am Nov 17, 2022 9:27am
Trying a long here albeit 25 line is close overhead
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every Saint has a past. Every Sinner has a Future
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