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Volman Style (70-tick chart)

  • #381
  • Nov 16, 2022 10:18pm Nov 16, 2022 10:18pm
Quoting Kamuntu
{quote} Hello GC,.. I would've taken the IRB trade,.. in the chart you shared bulls failed to reach the 20 level twice, after that bears started printing lower highs that was a signal of bears taking over. The Buildup was excellent and on account of the conditions in place, the 00 level was calling out, thus a nice trade. anyway how would you guys judge this buildup on this RB? trade or skip? {image}
I would have skipped this RB for sure because there was no good amount of build up above the boundary line but I would have taken the ARB that came right after it, the ARB was also a textbook setup of Volman 5min pattern break pullback setup and the major 50 level would have worked in favour of the trade well creating a good vacuum to suck prices into it.
  • #382
  • Nov 16, 2022 11:34pm Nov 16, 2022 11:34pm
Quoting Kamuntu
{quote} Hello GC,.. I would've taken the IRB trade,.. in the chart you shared bulls failed to reach the 20 level twice, after that bears started printing lower highs that was a signal of bears taking over. The Buildup was excellent and on account of the conditions in place, the 00 level was calling out, thus a nice trade. anyway how would you guys judge this buildup on this RB? trade or skip? {image}
Okay thank you for your opinion. I skipped due to the very strong earlier bullish pressure and because of the 00-level below, plus the setup was quite thin.

As for your trades, the RB wasn't well built-up and the bottom barrier was debatable. As Hardandsmart said, the ARB that appeared later was much better, however there still was the support in the beginning of the chart (less than one hour earlier) to crack. So for me the RB was a sure skip, while the ARB was doable.

The countertrade was some sort of IRB in the middle of a range but around the 50-level and with some resistance above to crack, too risky for me, I would have skipped it.
  • #383
  • Nov 18, 2022 2:16am Nov 18, 2022 2:16am
Would you guys have taken this SB?
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  • #384
  • Nov 18, 2022 7:45am Nov 18, 2022 7:45am
Quoting Kamuntu
Would you guys have taken this SB? {image}
Are you talking about the one in the ellipse? Well, it's interesting indeed. Resistance at the 50-level, nice downward move, kind of double top in the pullback. The unique problem was the 50% retracement of the earlier bullish move but I think it was worth a shot.

The entry above the arrow was pretty risky, instead. The prices had retraced almost 100% of the earlier move, basically creating a range, and the entry was very far from the ema. I would've skipped it.
  • #385
  • Nov 28, 2022 2:59am Nov 28, 2022 2:59am
Hey guys, how are you doing?

My morning session:

-DD to target (10 pips net profit)
-SB scratched for 6 pips net loss
-RB skipped for 10 pips missed profit
-DD scratched for 1 pip net profit (missed T/P for 0.2 pips)

Total 5 pip net profit.

I'd like to hear your opinions, in particular for the SB and the RB I skipped.
Attached Image (click to enlarge)
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  • #386
  • Dec 2, 2022 6:55am Dec 2, 2022 6:55am
Quoting GC-Finance
Hey guys, how are you doing? My morning session: -DD to target (10 pips net profit) -SB scratched for 6 pips net loss -RB skipped for 10 pips missed profit -DD scratched for 1 pip net profit (missed T/P for 0.2 pips) Total 5 pip net profit. I'd like to hear your opinions, in particular for the SB and the RB I skipped. {image}
The only reason I can think of that worked against SB was 50 level round number resistance and when prices couldn't broke the 50 level they were pulled back down by the 40 level round number as the 40-60 level rounder number level can make prices go up and down for quite some time. Other than these things I don't think there was anything wrong with the setup the trend was strongly bullish, prices were bouncing off the ema every time they touched it and setup was good too.

The RB was a sure skip because it had to surpass the 50 level that was proving itself quite strong for prices to crack, prices came straight from the bottom to top and broke the upper barrier line without sufficient buildup.
  • #387
  • Dec 5, 2022 12:03am Dec 5, 2022 12:03am
Quoting Hardandsmart
{quote} The only reason I can think of that worked against SB was 50 level round number resistance and when prices couldn't broke the 50 level they were pulled back down by the 40 level round number as the 40-60 level rounder number level can make prices go up and down for quite some time. Other than these things I don't think there was anything wrong with the setup the trend was strongly bullish, prices were bouncing off the ema every time they touched it and setup was good too. The RB was a sure skip because it had to surpass the 50 level that...
Hi Hardandsmart, thanks for the comments! So you basically agree with what I have done in the live session. Another little concerned I had about the SB was the strength of the pullback, indeed it looked stronger than the last leg of the trend. Anyway, in terms of probability, I still think it was a good trade as you also agreed with me.

How are you doing? How is the funded trading going on?
  • #388
  • Dec 5, 2022 2:05am Dec 5, 2022 2:05am
Quoting GC-Finance
{quote} Hi Hardandsmart, thanks for the comments! So you basically agree with what I have done in the live session. Another little concerned I had about the SB was the strength of the pullback, indeed it looked stronger than the last leg of the trend. Anyway, in terms of probability, I still think it was a good trade as you also agreed with me. How are you doing? How is the funded trading going on?
Yes I agree with you on the trade it was a good setup with great overall price action there's nothing wrong with the setup, just the variance playing it's part.

I'm doing good and not so good. I have blown up my funding account in 8 days. The reasons were that I simply did not follow my trading rules and optimal position sizing consistently I was violating my strategy almost in every single trading session. So now I have signed up for 25k account and this time my goal is not to pass the evaluation, my main goal is to follow my rules consistently. I have also introduced some risk managent rules in my trading, if I have two losing trades I will stop trading close my laptop and leave my room and in any trading session I can only take maximum of four trades. If I managed to follow all my trading rules and risk managemet consistently then even if I don't achieve my monthly target of the evaluation account, in my eyes I have successfully passed the test.
  • #389
  • Dec 6, 2022 12:19am Dec 6, 2022 12:19am
Quoting Hardandsmart
{quote} Yes I agree with you on the trade it was a good setup with great overall price action there's nothing wrong with the setup, just the variance playing it's part. I'm doing good and not so good. I have blown up my funding account in 8 days. The reasons were that I simply did not follow my trading rules and optimal position sizing consistently I was violating my strategy almost in every single trading session. So now I have signed up for 25k account and this time my goal is not to pass the evaluation, my main goal is to follow my rules consistently....
I'm so sorry to hear that! Once again, trading turned much harder than expected, in particular for these emotional aspects!

In general, I think it's very stressful to have a pre-set target, since you cannot expect anything from the market and therefore from trading. I think it seriously contributed to your ruin. In that regard, your new plan seems to be very solid, sticking to that will overcome the problem. However, you need to be willing to accept any outcome in terms of monthly target/return without high expectations.

I'm telling you this also because I did the same for me starting from the beginning of November. I started to be much more conservative and really look for the high-odds trades, plus I reduced the trading time and I started avoiding trading when I'm not in a good mood. I felt a big change after it, you can also see that from the charts I posted, compared to those of before. However, in this way, there are many sessions in which I don't take any trades and at the end of the month the profits are not so high. But it's okay, I accept it. Overall, it makes feel much better and anyway I score a similar amount of pips as I was scoring before, it's just more stable and I have less trades and thus less losses.

I think the conservative way, both in terms of trade selection and of trading time/attitude, is the one to follow. We need to accept those sessions with no trades and little monthly profits, with compounding the profit will come over time, anyway. Sure, there are some masters that can manage very long trading sessions and score a lot of pips monthly but it's not our business, at least for now.
  • #390
  • Dec 15, 2022 1:54am Dec 15, 2022 1:54am
My morning session:

1) BB scratched for 3 pips net profit. The scratch was aggressive but the price action was lackluster so I trailed sharply.

2) DD scratched for 5 pips net loss. I know there was a little cluster in the pullback but the setup had great support on the 40-level which also coincides with the bottom barrier of the previous setup. For a stop of only 5 pips, I decided to join the venture, however it didn't work.

3) BB skipped due to insufficient build-up. It turned profitable, anyway.

4) BB scratched for 1 pip net loss.

In total, I collected a net loss of 3 pips. I think the problem here was the price action itself, which was lackluster. Anyway, further comments are always welcome!
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  • #391
  • Mar 6, 2023 1:23am Mar 6, 2023 1:23am
Hey guys,

is there still anyone here? I'm still trading Volman's scalping methods and always available to discuss and share.

I started testing the ProRealTime charting software and, as victor77 suggested in Post #323, there many more ticks than MT4. Therefore the setups look slightly different and it seems better to catch breaks and possible resistance.

Let me know if someone is still interested in the topic, let's discuss and share!
  • #392
  • Mar 8, 2023 4:19am Mar 8, 2023 4:19am
Quoting GC-Finance
Hey guys, is there still anyone here? I'm still trading Volman's scalping methods and always available to discuss and share. I started testing the ProRealTime charting software and, as victor77 suggested in Post #323, there many more ticks than MT4. Therefore the setups look slightly different and it seems better to catch breaks and possible resistance. Let me know if someone is still interested in the topic, let's discuss and share!
Yes, I'm interested in this topic and want to see how much progress you have made in your trading. Keep posting.
I can't comment on your trades nowadays because I am very busy with my own trading psychology and trade jouranling but maybe Once in a week I can write some thoughts of mine.
  • #393
  • Mar 8, 2023 4:50am Mar 8, 2023 4:50am
Quoting Hardandsmart
{quote} Yes, I'm interested in this topic and want to see how much progress you have made in your trading. Keep posting. I can't comment on your trades nowadays because I am very busy with my own trading psychology and trade jouranling but maybe Once in a week I can write some thoughts of mine.
Hi Hardandsmart, happy to hear from you!

As of now the market volatility is very low, I'm exploring other pairs than EUR/USD but the situation is similar, so I'm not trading much. As soon as I get some nice trades, I will post here.

I'm working on my trading psychology too, still have some troubles. It's a long way, you know.

Let's keep in touch when you can! I hope someone else will join too!
  • #394
  • Mar 10, 2023 5:35am Mar 10, 2023 5:35am
Quoting photize
{quote} Maybe post in a Pat's forum this one is Titled "Volman Style" happy pips!
Can you post the link of the forum here? I can't find the volman forum on PATs site.
  • #395
  • Apr 1, 2023 11:57am Apr 1, 2023 11:57am
Hello guys do you still trade the bob volman strategy (70ticks) ? im trading this method for about 1 year now and if you want im ready to exchange with you it will be a pleasure to talk with someone else who trade the same strategy have a great weekend
  • #396
  • Apr 3, 2023 9:27am Apr 3, 2023 9:27am
Quoting Eurusdforex
Hello guys do you still trade the bob volman strategy (70ticks) ? im trading this method for about 1 year now and if you want im ready to exchange with you it will be a pleasure to talk with someone else who trade the same strategy have a great weekend
Yes we would like to see how well Volman's scalping strategy working in today's slow forex markets if see market from a scalper's perspective. I have stopped using Volman's strategy because of the painfully slow forex market in 2021 and 22 and moved on to futures trading but there are traders on this forum who still use Volman's strategy. Please share your insights and trades with us.
  • #397
  • Apr 4, 2023 7:41am Apr 4, 2023 7:41am
Perfect So i will post my trades (win or lose) here with some explications on the charts. Feel free on your side to post your trades too
  • #398
  • Apr 4, 2023 8:32am Apr 4, 2023 8:32am
Quoting Eurusdforex
Hello guys do you still trade the bob volman strategy (70ticks) ? im trading this method for about 1 year now and if you want im ready to exchange with you it will be a pleasure to talk with someone else who trade the same strategy have a great weekend
Hello, sure I'd like to see your trades. Are you managing to collect some decent profits despite the low volatility on intra-day charts?

As for me, I recently changed a little bit my strategy and instrument. I started trading the gold (XAU/USD) on a 240-tick chart, using mostly the techniques of Volman's second book (which are overall similar to those of the first book).

The 240-tick on the gold prints a bar every 30-40 seconds during normal active hours, making it very similar to the EUR/USD 70-tick. However the volatility is higher (the bars are taller) and so I decided to use the "full" 10-pip stop (100 points on the gold) and aim at a 20-pip target (200 points) with occasional earlier scratch. The latter choice, along with the appearance of the price action in those charts, made me switch more to the techniques of the second book.

Maybe I should start posting on another thread, but I think that the topic is still somehow matched so I'll leave some charts attached.

Let me know guys!
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  • #399
  • Apr 4, 2023 8:49am Apr 4, 2023 8:49am
Quoting GC-Finance
{quote} Hello, sure I'd like to see your trades. Are you managing to collect some decent profits despite the low volatility on intra-day charts? As for me, I recently changed a little bit my strategy and instrument. I started trading the gold (XAU/USD) on a 240-tick chart, using mostly the techniques of Volman's second book (which are overall similar to those of the first book). The 240-tick on the gold prints a bar every 30-40 seconds during normal active hours, making it very similar to the EUR/USD 70-tick. However the volatility is higher (the...
how do you came up with 240 ticks chart for gold? Good for you at least you didn't move on to other market like me. I can only imagine how much of a headache it would have been to come with a chart that is specfically designed to trade with volman strategy.
I've also got some questions about some of the pics you posted (trade related) but right now I'm trading es mini so I will post them tommorrow. Happy trading.
  • #400
  • Apr 4, 2023 1:53pm Apr 4, 2023 1:53pm
Hello guys! Super happy to see some of you are here with me on this journey First of all I want to say that english is not my first langage so appologize in advance if i write somes bad words. So here my first trade of the week yesterday (march 3) i try to explain why I take this trade. I do my best to be clear. So let me know if you like this form of analyse. If you like hit i will post my 2 others trade of yesterday.. Today was pretty slow market on EURUSD i only take 2 trades. Before posting all of my trade (take me some times to do the charts and text) But first of all let me know if this form of analyse is ok with you. And thx alot GC_Finance for your feedback on the bob volman strategy. I will try to look some gold setup with a 200 ticks charts. I dont read the second book of bob volman but maybe I will soon Have a great night. And see you soon.
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