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Volman meets Burke or My journey with PA

  • #941
  • Nov 18, 2022 6:03am Nov 18, 2022 6:03am
Quoting fxpider
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 {image}
Market looks for liquidity pools at obvious & nearest places. GU looks very congested, and very unpredictable.
It never gets easier, you just get better
  • #942
  • Nov 18, 2022 6:07am Nov 18, 2022 6:07am
My Dax round up
Dax seems better for me in the morning as opposed to sp500 in the afternoon
Dax is traded one minute time frame whilst sp500 is on 5 minute for now.
Dax levels coincided with time, levels and round number for nice long.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #943
  • Nov 18, 2022 6:18am Nov 18, 2022 6:18am
Even the sp500 can be traded pre - USA Open. Some prefer it but that doesn't solve my problem of seeking an afternoon ( USA session) trading vehicle and time scale. Might stick with 5 minute sp500 for a while in case earlier problems might simply down to market flow for those days and , of course, me.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #944
  • Nov 18, 2022 6:24am Nov 18, 2022 6:24am
Quoting turnip15
Even the sp500 can be traded pre - USA Open. Some prefer it but that doesn't solve my problem of seeking an afternoon ( USA session) trading vehicle and time scale. Might stick with 5 minute sp500 for a while in case earlier problems might simply down to market flow for those days and , of course, me. {image}
What are the typical spreads for Dax & Sp500 on your brokers platform ?
It never gets easier, you just get better
  • #945
  • Nov 18, 2022 6:36am Nov 18, 2022 6:36am
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
Yes, in London I look at one hour prior to London open ( that one hour happens to include the first hour of Frankie Open at 7am. So 7am to 8am is my pre market hour open. Then ( for me) 8am to about 10:30am is my London equity open and trading session window. I will look at high/lows; BRN's: inflexion (consolidations)levels prior to London open. Than watch price. Difficult to put into words except that you watch and chat with people here then actually trade to find those "aha" moments when things click for yourself. So read what you find here then try your version. People will pitch in to help. Not everyday will be wonderful ( I'm still battling afternoon USA sp500 trading set ups to find a solution that I will fearlessly trade on every set up. All my lines etc do not make an entry because I exercise "discretion" as to when I trade a set up. I realise my problem is me in the afternoon, for some reason. But I will get there) But I only use one minute for Dax and (so far) 5 minutes for sp500, therefore, I do not look to far back for supports etc.
every Saint has a past. Every Sinner has a Future
  • #946
  • Nov 18, 2022 6:40am Nov 18, 2022 6:40am
Quoting Shabs19
{quote} What are the typical spreads for Dax & Sp500 on your brokers platform ?
Top left window on charts. ( these are CFD's)
Futures vary and are usually "tighter" ? Tradestation -for example will use Tradingview charts.
Other brokers:
https://www.tradingview.com/brokers/

These are a mix of Futures and CFD Brokers.

Hope this helps.
every Saint has a past. Every Sinner has a Future
  • #947
  • Nov 18, 2022 6:53am Nov 18, 2022 6:53am
Quoting turnip15
{quote} Top left window on charts. ( these are CFD's) Futures vary and are usually "tighter" ? Tradestation -for example will use Tradingview charts. Other brokers: https://www.tradingview.com/brokers/ These are a mix of Futures and CFD Brokers. Hope this helps.
What is the standard lot size and pip value for DAX and SP500?

Thanks
Success = Practice + Patience + Persistence
  • #948
  • Nov 18, 2022 7:13am Nov 18, 2022 7:13am
Quoting fxpider
{quote} What is the standard lot size and pip value for DAX and SP500? Thanks
Go to the CFD brokers web site on Tradingview. Usually 10pence a pip upwards.
Futures are different. You Micro and mini etc Futures - Look up CME website for details. ( $2 upwards)
cme micro futeres
every Saint has a past. Every Sinner has a Future
  • #949
  • Nov 18, 2022 8:58am Nov 18, 2022 8:58am
Not trading this afternoon. Just following sp500 demoing
What I see on 5 minute and 1 minute charts. And a demo channel break trade showing entry and ( just now ) exit
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every Saint has a past. Every Sinner has a Future
  • #950
  • Nov 18, 2022 9:07am Nov 18, 2022 9:07am
And sources of my horizontal lines pre New York
1 minute and 5 minute views
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every Saint has a past. Every Sinner has a Future
  • #951
  • Nov 18, 2022 9:38am Nov 18, 2022 9:38am
Quoting turnip15
And sources of my horizontal lines pre New York 1 minute and 5 minute views {image} {image}
One 30 pt run from the 0930 open to yesterday's close.
Mark ... Everything you have been told is a LIE
  • #952
  • Nov 18, 2022 9:50am Nov 18, 2022 9:50am
Quoting spzd
{quote} One 30 pt run from the 0930 open to yesterday's close.
the 3950 ? yes
I hadn't marked it in earlier. By coincidence it was at, or near, a 50 level

The zeppelin shape ellipse is where price is wedging up under another previously drawn level. I. probably would have been stopped out of a long then a short in that area and be waiting now for next move or bugger off cos it's nearly 4pm here and don't want to lose any early gains.. So I either stay alert for another hour or stick to my small session times - usually 3 hours max -4:30pm for US market.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #953
  • Nov 18, 2022 10:02am Nov 18, 2022 10:02am
Quoting turnip15
{quote} the 3950 ? yes I hadn't marked it in earlier. By coincidence it was at, or near, a 50 level The zeppelin shape ellipse is where price is wedging up under another previously drawn level. I. probably would have been stopped out of a long then a short in that area and be waiting now for next move or bugger off cos it's nearly 4pm here and don't want to lose any early gains.. So I either stay alert for another hour or stick to my small session times - usually 3 hours max -4:30pm for US market. {image}
The first hit was to the tick 3956.00

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Mark ... Everything you have been told is a LIE
  • #954
  • Nov 18, 2022 10:03am Nov 18, 2022 10:03am
And off we go again from channel break below support line 3956 - ish.

Edit: below yesterdays' close at this juncture in time
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #955
  • Nov 18, 2022 10:04am Nov 18, 2022 10:04am
And it is breaking south or at least attempting.
Mark ... Everything you have been told is a LIE
  • #956
  • Nov 18, 2022 10:12am Nov 18, 2022 10:12am
Quoting spzd
And it is breaking south or at least attempting.
Nope. Rejected price again.
Mark ... Everything you have been told is a LIE
  • #957
  • Nov 18, 2022 10:13am Nov 18, 2022 10:13am
Stuck between a rock and a hard place.
Mark ... Everything you have been told is a LIE
  • #958
  • Nov 18, 2022 10:19am Nov 18, 2022 10:19am
There it goes.
Mark ... Everything you have been told is a LIE
  • #959
  • Nov 18, 2022 10:22am Nov 18, 2022 10:22am
Definitely not setting any speed records today. -)
Mark ... Everything you have been told is a LIE
  • #960
  • Nov 18, 2022 10:23am Nov 18, 2022 10:23am
Quoting spzd
And it is breaking south or at least attempting.
Support then off we go long to next level top of "zeppelin ( inflection point ?)
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
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