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Volman meets Burke or My journey with PA

  • #961
  • Nov 18, 2022 10:28am Nov 18, 2022 10:28am
Quoting turnip15
{quote} Support then off we go long to next level top of "zeppelin ( inflection point ?) {image}
It tends to do that quite a bit.
Mark ... Everything you have been told is a LIE
  • #962
  • Nov 18, 2022 10:30am Nov 18, 2022 10:30am
Quoting spzd
Definitely not setting any speed records today. -)
Thanks for your company Mark
Interesting my seemingly preference for the one minute chart.
Will demo this one further and trade Dax live in the mornings for a few days.
Thanks again for your input and thoughts on trading this creature ( sp500)

See you next week.
Have a good weekend.
every Saint has a past. Every Sinner has a Future
  • #963
  • Nov 18, 2022 10:39am Nov 18, 2022 10:39am
Quoting turnip15
{quote} Thanks for your company Mark Interesting my seemingly preference for the one minute chart. Will demo this one further and trade Dax live in the mornings for a few days. Thanks again for your input and thoughts on trading this creature ( sp500) See you next week. Have a good weekend.
I have something that uses the M1. Stay tuned.
Mark ... Everything you have been told is a LIE
  • #964
  • Nov 18, 2022 10:40am Nov 18, 2022 10:40am
Quoting spzd
{quote} I have something that uses the M1. Stay tuned.
Still tuned
every Saint has a past. Every Sinner has a Future
  • #965
  • Nov 18, 2022 10:51am Nov 18, 2022 10:51am
Quoting turnip15
{quote} Still tuned
You may or may not like it. It uses moving averages, but in a somewhat different way. It's all based on a system I learned about 10 years ago. I am incorporating this into what I have been doing with PA. Took it for a test run the last couple of days and it has made reading price much easier for me. Using this with the M1 fits right in with my need for minimal time in the market.
Mark ... Everything you have been told is a LIE
  • #966
  • Nov 18, 2022 10:53am Nov 18, 2022 10:53am
Quoting spzd
{quote} You may or may not like it. It uses moving averages, but in a somewhat different way. It's all based on a system I learned about 10 years ago. I am incorporating this into what I have been doing with PA. Took it for a test run the last couple of days and it has made reading price much easier for me. Using this with the M1 fits right in with my need for minimal time in the market.
It's not a lot different than some "systems" that use MAs in a similar manner. Some will hate it because it's not "pure". Others may like it because it makes sense.
Mark ... Everything you have been told is a LIE
  • #967
  • Nov 18, 2022 3:41pm Nov 18, 2022 3:41pm
Hi Turnip & Mark,
guys I enjoy looking at your charts on indices (I like all ALL charts lol)
but as I don't know the instrument I don't dig in too deep.
Not our of fear or confusion,
but becuase I know ME too well
and IF I do take an interest then I will then HAVE to study it all much, much further lol
thus I best not expand my horizons into it deeply for obvious reasons

But I do love looking at your charts guys
  • #968
  • Nov 18, 2022 3:45pm Nov 18, 2022 3:45pm
Quoting spzd
{quote}
It's not a lot different than some "systems" that use MAs in a similar manner. Some will hate it because it's not "pure". Others may like it because it makes sense.
Hi Mark,
Everything IS viable when it makes sense to us, ourselves, pal.
I love ma's also, while I understand they 'cannot' by definition be predictive, but they do alert us to when we should be taking notice of things on the chart now.
And as such are great tools.
  • #969
  • Nov 18, 2022 4:18pm Nov 18, 2022 4:18pm
Quoting TimeTells
Hi Turnip & Mark, guys I enjoy looking at your charts on indices (I like all ALL charts lol) but as I don't know the instrument I don't dig in too deep. Not our of fear or confusion, but becuase I know ME too well and IF I do take an interest then I will then HAVE to study it all much, much further lol thus I best not expand my horizons into it deeply for obvious reasons But I do love looking at your charts guys
You don't want to go down the equities rabbit hole. It's scary af sometimes.
Mark ... Everything you have been told is a LIE
  • #970
  • Nov 18, 2022 4:20pm Nov 18, 2022 4:20pm
Quoting spzd
{quote}
You don't want to go down the equities rabbit hole. It's scary af sometimes.


Hahaaa, I do appreciate the tip-off pal, have a great weekend
  • #971
  • Nov 19, 2022 7:42am Nov 19, 2022 7:42am
The material on this forum website is general in nature and for learning only . It does not constitute personal investment advice or personal trading advice. Any advice provided is general advice only and does not take into account an individual’s risk profile or financial situation. Trading involves the risk of loss as well as the potential of profit. You should seek independent financial advice in deciding if trading is appropriate for you.
LEARN HOW TO TRADE
Mark ... Everything you have been told is a LIE
  • #972
  • Nov 19, 2022 9:55am Nov 19, 2022 9:55am
Good Saturday morning.. afternoon...
I have been looking for videos and information that focus specifically on the Peak Formation set up, locking in the H or L and avoiding a false break. I wish I could list the ones I have viewed, sorry. If there is a favorite, please let me know.
Thank you kindly.
  • #973
  • Nov 19, 2022 10:09am Nov 19, 2022 10:09am
I posted that because I am ready to start phase 2.

This adventure started in August and this thread started in September. I have crammed a lot of hours studying price action methods and watching price live. This has been a re-introduction to trading on the immersion side. I have come to one clear conclusion. Trading price action is both easy and hard. I have been learning tons. Progress for a while, then a brief regression, then do it again a few more times. Then @Turnip15 mentioned a pm suggesting the 1-minute. I have been against that since my first attempt. I decided to let go of my hard headedness (which has been known to cause issues at times) and give it another look.

This is where things change some.

Knowing my troubles with identifying structure on the 1-minute which led to some poor entry decisions I knew just changing time frames was not going to be sufficient. Through some quick trial and error iterations I decided to fall back on prior training and used that to throw together a method oriented toward how I think and stop attempting to mimic others. In other words, practice what you preach. I know the framework and method Stacey Burke has set up works. Combine that with the ongoing (and there is the issue) learning of more precise reading of price as discussed by Bob Volman and Al Brooks. And there is the rub. Still learning. Trading live. A whole lotta mistakes going on.

I added another framework from my previous learning and I have something I can trade. And that is the gist of this entire thing, isn't it?

Now the question is, why would someone who just retired put this much effort into all this? This is personal. You know the line in movies when someone is out to do ...blah blah. No really, I have always wanted to be a trader. I let others and life deter me from that goal. Perhaps for the better. Who knows. But now I can do just that. So, I have this final lofty goal to become a successful trader. Phase 2 is in progress.

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I will be posting what I have come up with this weekend. If it helps anyone in anyway, good. Now I am going to attempt to make kesra and shakshuka.
Mark ... Everything you have been told is a LIE
  • #974
  • Nov 19, 2022 10:11am Nov 19, 2022 10:11am
Quoting Lou
Good Saturday morning.. afternoon... I have been looking for videos and information that focus specifically on the Peak Formation set up, locking in the H or L and avoiding a false break. I wish I could list the ones I have viewed, sorry. If there is a favorite, please let me know. Thank you kindly.
He has a number that discuss that. Like a lot of his stuff, when he gets to that point he is a bit fuzzy.
Mark ... Everything you have been told is a LIE
  • #976
  • Nov 19, 2022 11:43am Nov 19, 2022 11:43am
Quoting bluesteele
{quote} Looking forward to your further posts on this Mark. I think this is how successful methods come about.. it's the taking of one framework that resonates with your personality and adding subtracting to it with other context confluences that you are already familiar with/ using etc. I definitely use MAs across multiple TFs fro entry on the 1m to trade mgmt on the 5m to bias etc on higher.. Enjoy the journey Blue
Originally with SB I wanted to watch pure price action without MA reliance. After doing this for several months I have considered adding the MA's that I used while following another FFF thread for most of my trading career. After reading your post I will employ them more consistently to my 1m 5m 15m charts in order to see if they can provide additional information .

The insight on this thread is consistent with personal timing . Throughout my adult life I have awakened on Saturday morning thinking about a new approach to a problem, or an actual solution or decision.
Thank you kindly.
  • #977
  • Nov 19, 2022 11:48am Nov 19, 2022 11:48am
Quoting bluesteele
{quote} Looking forward to your further posts on this Mark. I think this is how successful methods come about.. it's the taking of one framework that resonates with your personality and adding subtracting to it with other context confluences that you are already familiar with/ using etc. I definitely use MAs across multiple TFs fro entry on the 1m to trade mgmt on the 5m to bias etc on higher.. Enjoy the journey Blue
Thanks, This has been a very enjoyable endeavor so far.
Mark ... Everything you have been told is a LIE
  • #978
  • Nov 19, 2022 12:55pm Nov 19, 2022 12:55pm
Quoting spzd
I posted that because I am ready to start phase 2. This adventure started in August and this thread started in September. I have crammed a lot of hours studying price action methods and watching price live. This has been a re-introduction to trading on the immersion side. I have come to one clear conclusion. Trading price action is both easy and hard. I have been learning tons. Progress for a while, then a brief regression, then do it again a few more times. Then @Turnip15 mentioned a pm suggesting the 1-minute. I have been against that since my...
Excellent post Mark. Looking forward to sharing your journey
every Saint has a past. Every Sinner has a Future
  • #979
  • Nov 19, 2022 1:03pm Nov 19, 2022 1:03pm
Quoting spzd
I posted that because I am ready to start phase 2. This adventure started in August and this thread started in September. I have crammed a lot of hours studying price action methods and watching price live. This has been a re-introduction to trading on the immersion side. I have come to one clear conclusion. Trading price action is both easy and hard. I have been learning tons. Progress for a while, then a brief regression, then do it again a few more times. Then @Turnip15 mentioned a pm suggesting the 1-minute. I have been against that since my...
Looking at those charts brings to mind something TimeTells showed on his charts some time ago - lower highs and higher lows ( not a misprint)
every Saint has a past. Every Sinner has a Future
  • #980
  • Nov 19, 2022 1:09pm Nov 19, 2022 1:09pm
Quoting turnip15
{quote} Looking at those charts brings to mind something TimeTells showed on his charts some time ago - lower highs and higher lows ( not a misprint)
Lower highs and higher lows =

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Mark ... Everything you have been told is a LIE
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