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Volman meets Burke or My journey with PA

  • #921
  • Nov 17, 2022 4:52pm Nov 17, 2022 4:52pm
Quoting Shabs19
{quote} I am testing an Oanda Demo, I agree spreads are too much, should be no more than 1.5 pips on average.
What spreads are you used to ? What platform ? Been using Oanda for many years ... sometimes the spreads ARE way too much.
  • #922
  • Nov 17, 2022 5:19pm Nov 17, 2022 5:19pm
My initial view of GU as of now,

1. yesterday we had the first red day. (SB said not to trade against the 1st red day)
2. The down move started by taking the liquidity from the previous day's high and also it broke the Trend line.
3. It also took the previous day's low.
4. last 3 days, the price spent most of the time above the last week's high ( Trapped volume / SM filling shorts ???).
5. Even if it is a corrective move ( since the overall trend is bullish), we can expect the BC leg of possible ABC correction.
6. Potential target: it may test this week's low @ 1.1709 (Initial balance)

But the day only just started and 3 sessions to go, the market tends to surprise me all the time and I will adapt accordingly to every session. let's see how the ASIA plays its cards. Good luck everyone and green pips to you all.

Attached Image (click to enlarge)
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Success = Practice + Patience + Persistence
  • #923
  • Nov 17, 2022 5:54pm Nov 17, 2022 5:54pm
Quoting fxpider
My initial view of GU as of now, 1. yesterday we had the first red day. (SB said not to trade against the 1st red day) 2. The down move started by taking the liquidity from the previous day's high and also it broke the Trend line. 3. It also took the previous day's low. 4. last 3 days, the price spent most of the time above the last week's high ( Trapped volume / SM filling shorts ???). 5. Even if it is a corrective move ( since the overall trend is bullish), we can expect the BC leg of possible ABC correction. 6. Potential target: it may test this...
Good analysis.

The break of the trendline was fairly strong with the obligatory 50% retrace. Have no idea how much more, if any retrace. I am looking for possible shorts initially. As you say though. let price tell you where it is going.
Mark ... Everything you have been told is a LIE
  • #924
  • Nov 17, 2022 6:04pm Nov 17, 2022 6:04pm
Quoting spzd
{quote} Good analysis. The break of the trendline was fairly strong with the obligatory 50% retrace. Have no idea how much more, if any retrace. I am looking for possible shorts initially. As you say though. let price tell you where it is going.
The ideal setup would be if ASIA keeps on working on the Highs and push the price to test the TL and then LONDON does the last push before pulling the rug.
Success = Practice + Patience + Persistence
  • #925
  • Nov 17, 2022 6:14pm Nov 17, 2022 6:14pm
Nice work guys.

It can be a game of who is watching what levels, and who is participating towards them and from them (forget AT them, as often is guessing imho).

.
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  • #926
  • Nov 17, 2022 6:51pm Nov 17, 2022 6:51pm
I am a bit confused regarding SB's window of time-related to ASIA. He mentioned 8 pm to 11 pm (NY time), however, the opening time of exchanges in

  1. Aus at 6 pm (NY)
  2. Tokyo at 7 pm (NY)
  3. Singapore, Hongkong, and China all open at 8 pm (NY)

My understanding is the 3 hours window consists of a pre-equity hour, equity hour, and post-equity hour. Am I missing something here ??

Success = Practice + Patience + Persistence
  • #927
  • Nov 17, 2022 7:09pm Nov 17, 2022 7:09pm
Quoting fxpider
I am a bit confused regarding SB's window of time-related to ASIA. He mentioned 8 pm to 11 pm (NY time), however, the opening time of exchanges in Aus at 6 pm (NY) Tokyo at 7 pm (NY) Singapore, Hongkong, and China all open at 8 pm (NY) My understanding is the 3 hours window consists of a pre-equity hour, equity hour, and post-equity hour. Am I missing something here ??

Hi fxp,

Mate different folk use different start times for their boxes (ESPECIALLY asia box, as London & New York are pretty well hard coded lol).


Here's a time convertor from New York to Sydney which can be a guide depending on which state you are in here.
(scroll down from the top for the hourly breakdowns)

https://24timezones.com/difference/new_york/sydney


So SB will start Asia at 6pm NY which would be 10am Sydney which IS Tokyo Open time.

http://forex.timezoneconverter.com/i...stralia/Sydney;


With the Equity Hours maybe Mark can help here.
  • #928
  • Nov 17, 2022 7:19pm Nov 17, 2022 7:19pm
Quoting fxpider
I am a bit confused regarding SB's window of time-related to ASIA. He mentioned 8 pm to 11 pm (NY time), however, the opening time of exchanges in Aus at 6 pm (NY) Tokyo at 7 pm (NY) Singapore, Hongkong, and China all open at 8 pm (NY) My understanding is the 3 hours window consists of a pre-equity hour, equity hour, and post-equity hour. Am I missing something here ??
He has not mentioned the times recently. His times were 8pm to 11pm EST. That is late based on the equity open, I always assumed that was Tokyo. I have my box set to star at 0005 GMT/1905 EST. My preferences are based off SB and tweaked for when the spread normalizes.
Mark ... Everything you have been told is a LIE
  • #929
  • Nov 17, 2022 7:23pm Nov 17, 2022 7:23pm
Quoting spzd
{quote}
He has not mentioned the times recently. His times were 8pm to 11pm EST.
That is late based on the equity open, I always assumed that was Tokyo. I have my box set to star at 0005 GMT/1905 EST. My preferences are based off SB and tweaked for when the spread normalizes.

Okay, I was thinking 6pm EST, sorry.

Then 8pm EST is 12 noon Sydney (DST), which is two hours after Tokyo Open. Interesting.

https://www.worldtimebuddy.com/est-to-australia-sydney
  • #930
  • Nov 17, 2022 7:29pm Nov 17, 2022 7:29pm
Quoting TimeTells
{quote} Hi fxp, Mate different folk use different start times for their boxes (ESPECIALLY asia box, as London & New York are pretty well hard coded lol). Here's a time convertor from New York to Sydney which can be a guide depending on which state you are in here. (scroll down from the top for the hourly breakdowns) https://24timezones.com/difference/new_york/sydney So SB will start Asia at 6pm NY which would be 10am Sydney which IS Tokyo Open time. http://forex.timezoneconverter.com/i...stralia/Sydney; With...
Hi TT,

Mate, I have gone thru all the timezone conversions already and eventually got more confused cuz SB mentioned several times and emphasized 8 PM to 11 PM (NY time). Anyhow, just for ASIA, I follow a 4-hour window that covers all the Aus, Tokyo, Singapore, China, and HK exchange open hour. So far it's working fine and the volume increase is quite noticeable during those 4 hours. I normally don't trade much during ASIA but still, it helps me to read the setup and train my eyes.

Cheers
Success = Practice + Patience + Persistence
  • #931
  • Nov 17, 2022 7:34pm Nov 17, 2022 7:34pm
Quoting fxpider
{quote}
Hi TT, Mate, I have gone thru all the timezone conversions already and eventually got more confused cuz SB mentioned several times and emphasized 8 PM to 11 PM (NY time). Anyhow, just for ASIA, I follow a 4-hour window that covers all the Aus, Tokyo, Singapore, China, and HK exchange open hour. So far it's working fine and the volume increase is quite noticeable during those 4 hours. I normally don't trade much during ASIA but still, it helps me to read the setup and train my eyes. Cheers

Hahaa, yes join the club.

What you said is correct for all traders imo, choose what works best for us.

I leave the Sydney Open alone (spread widening etc), and join in with an Asia box start either half an hour to three quarters of an hour AFTER Tokyo open.
In essence my three quarter hour line starts on my chart ONE hour after Tokyo lol.

We do what we can is best for ourselves, but there is NO hard coding in the end. Just us.

all the best
  • #932
  • Nov 17, 2022 7:36pm Nov 17, 2022 7:36pm
Quoting TimeTells
{quote} Okay, I was thinking 6pm EST, sorry. Then 8pm EST is 12 noon Sydney (DST), which is two hours after Tokyo Open. Interesting. https://www.worldtimebuddy.com/est-to-australia-sydney
His times are off if based on equity market open. I just settled for what works best for me. I am to the point now where I take more entries in his gap period between sessions than in the sessions.

Irregardless. What matters is how the individual interprets it and implements it and if that works for them.
Mark ... Everything you have been told is a LIE
  • #933
  • Nov 17, 2022 7:37pm Nov 17, 2022 7:37pm
Expansion of the session range is done, now time to move the ship around ?? next 1 hour will guide us, IMHO

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AUD/USD
Success = Practice + Patience + Persistence
  • #934
  • Nov 17, 2022 7:47pm Nov 17, 2022 7:47pm
Quoting fxpider
Expansion of the session range is done, now time to move the ship around ?? next 1 hour will guide us, IMHO {image} AUD/USD

Hi fxp,
Can I ask what pair & timeframe your chart above is please, as it does not line up with my GU chart that I can see ?


edit: sorry I see it below the chart now lol, AU
  • #935
  • Nov 17, 2022 7:57pm Nov 17, 2022 7:57pm
Quoting TimeTells
{quote} Hi fxp, Can I ask what pair & timeframe your chart above is please, as it does not line up with my GU chart that I can see ? edit: sorry I see it below the chart now lol, AU
All the USD pairs have the same PA right now. Continuation of expansion or U-turn next hour will decide well I am hoping.
Success = Practice + Patience + Persistence
  • #936
  • Nov 17, 2022 8:02pm Nov 17, 2022 8:02pm
Doesn't help anyone I know, sorry, but just foolin around with some directional takes under the .750

All essentally were as scout trades with no immediate follow ups added,
so I might call it a morning now on a Friday, and slip back in again for Franky-London.
And see where they have moved it all (hopefully to a new structure area, where the search begins again).

Was only dancing here, so nothing specific to follow.
(okay just looked and the Day Ope seems of interest now lol, but I'm NOT trading hahaa, just watching now)

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 quick in out asia.png Size: 11 KB
  • #937
  • Nov 17, 2022 8:07pm Nov 17, 2022 8:07pm
Quoting TimeTells
Doesn't help anyone I know, sorry, but just foolin around with some directional takes under the .750 All essentally were as scout trades with no immediate follow ups added, so I might call it a morning now on a Friday, and slip back in again for Franky-London. And see where they have moved it all (hopefully to a new structure area, where the search begins again). Was only dancing here, so nothing specific to follow. (okay just looked and the Day Ope seems of interest now lol, but I'm NOT trading hahaa, just watching now) . {image}
May I know, how you take the screenshot to post? so that details of the chart will be visible?

Thanks
Success = Practice + Patience + Persistence
  • #938
  • Nov 17, 2022 8:10pm Nov 17, 2022 8:10pm
Quoting fxpider
{quote}
May I know, how you take the screenshot to post? so that details of the chart will be visible? Thanks

Yes sure, on MT4 right click mouse, then towards the bottom of the drop-down menu look for "Save As Picture" (active chart, as is)


(edit: GJ giving another shot at entry BUT NO lol I am done for the morning, whatever happens now NO fomo lol)
  • #939
  • Nov 17, 2022 8:12pm Nov 17, 2022 8:12pm
Quoting TimeTells
{quote} Yes sure, on MT4 right click mouse, then towards the bottom of the drop-down menu look for "Save As Picture"
Easy as.
Success = Practice + Patience + Persistence
  • #940
  • Nov 18, 2022 3:21am Nov 18, 2022 3:21am
GU still doing chop chop, struggling to go down. The market mechanics are bearish though.

1. Three levels of rise.
2. Tested the broken TL from yesterday
3. Price ranging above RN
4. Sitting on the top of todays range like a sitting duck ............. Still Still waiting the things to happen

Attached Image (click to enlarge)
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Success = Practice + Patience + Persistence
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