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Volman meets Burke or My journey with PA

  • #1,002
  • Edited Nov 21, 2022 12:08am Nov 20, 2022 11:57pm | Edited Nov 21, 2022 12:08am
Quoting TimeTells
{quote} A VERY tradeable Chart with Ema's Mark, nice, are they the 20,100,300 ema's that would be on a 1MIN chart ?
My trading set-up.

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 61 KB



edit: The 20 MA on the M5 = the 100 MA on the M1
Mark ... Everything you have been told is a LIE
  • #1,003
  • Nov 21, 2022 12:06am Nov 21, 2022 12:06am
Quoting bluesteele
Hi Mark...heres a couple SPX charts.....alot marked up and going on but thought id throw a bunch on their... The main thing was the MAs but then I had to add all the others as they are the context and confluences all working together to make the train roll ... I wont go into big long post but if anyone has questions on any of it..just ask.. But the price being above the 200sma and 20sma below the 200 WITH the other confluences made a stellar short setup.... 3 A+ setups on the charts marked with green boxes.... Anyhoooo heres a couple...
When does the bond market close?
Mark ... Everything you have been told is a LIE
  • #1,004
  • Nov 21, 2022 12:10am Nov 21, 2022 12:10am
Quoting spzd
{quote}
That is correct sir. And it works like a charm.

Cheers Mark,

I had 3 quick trades during asia today.

First off a 750 Line after retest of that structure with TP at the 500 for a quick 17p.

The next trade I was comfortable trading back against the daily momentum (as it was in Asia) off the 250 structure retest,
and price went into a third retest so I entered again with a short follow up.

Those 2nd & 3rd trades I wouldn't usually take against momentum, but sitting just under the 250 line was also the 1st of the daily piv supports (S1)
and while the earlier trade was in my mind a 90% chance these last two were lower around 70% probability (my guesses on past behaviour), as the market
had already done 80 pips for the morning, price was nearing a known 1st bounce point and had the retest on the 250, so ‘why not’ lol.

I was done then at +33p for the morning (net after comms etc), and will wait now for London to see if they plunder the lows again,
or go back towards the Day Ope. Or maybe they leave it all to NY to make some hay lol.


BUT.

After the trades I slipped on your 20 & 100 emas to see where they fell and,
(I didnt use the 300 as these two showed me what I needed, nice work Mark)

Well, interesting for sure.

Keep at it, FOR SURE you see something, I’m looking forward to see where your thread now flows here.

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 structure ReTest with 20 100 ema.png Size: 24 KB
  • #1,006
  • Nov 21, 2022 12:21am Nov 21, 2022 12:21am
Quoting TimeTells
{quote} Cheers Mark, I had 3 quick trades during asia today. First off a 750 Line after retest of that structure with TP at the 500 for a quick 17p. The next trade I was comfortable trading back against the daily momentum (as it was in Asia) off the 250 structure retest, and price went into a third retest so I entered again with a short follow up. Those 2nd & 3rd trades I wouldn't usually take against momentum, but sitting just under the 250 line was also the 1st of the daily piv supports (S1) and while the earlier trade was in my mind a 90% chance...
With all respect to the EMA traders, my finding is, the EMA's are gr8 in the hindsight for the post-trade analysis but I really struggle and get distracted while the trade setup is developing. Having said that, I am just a small fish in the pond compared to the experiences of you guys.
Success = Practice + Patience + Persistence
  • #1,007
  • Nov 21, 2022 12:26am Nov 21, 2022 12:26am
Quoting fxpider
{quote}
With all respect to the EMA traders, my finding is, the EMA's are gr8 in the hindsight for the post-trade analysis but I really struggle and get distracted while the trade setup is developing. Having said that, I am just a small fish in the pond compared to the experiences of you guys.

You might be missing the point fxpider.

I don't have these ema's on my charts (i do use MAs tho on 4 templates).

If you can see after the fact (hindsight) that the ma's follow the market (which they are programmed to do) then why not have a visual hanging around on a template when scanning the chart from afar, which I do.

I DON'T trade because of ma's, OR Lines OR round numbers, or Pivs LOL.
I only trade when I see the "response" to such things by the Market & therefore "other" traders. I swim with'em when I can, & against when I see probability.

Good fortunes to how you trade yourself, start a thread maybe.


(edit lol: ask Kev/Bluesteele about Hindsight charting one day )
  • #1,008
  • Nov 21, 2022 12:28am Nov 21, 2022 12:28am
Quoting bluesteele
{quote} Bonds close at 3pm NY time...shakeout happens 215-245 generally..but can start a little earlier at 2 and go right to the close and past...as evidenced on the charts I posted.. so shakeout before bonds close and often a rebound reversal at 3ish NY
I will go over the charts for that. 3 pm is when I look to be flat. Breaking up the SP500 is one of the better ways to approach it.

My next mission is to see how my little method works on the MES. I'm thinking it should do fine.
Mark ... Everything you have been told is a LIE
  • #1,009
  • Nov 21, 2022 12:35am Nov 21, 2022 12:35am
Quoting fxpider
{quote} With all respect to the EMA traders, my finding is, the EMA's are gr8 in the hindsight for the post-trade analysis but I really struggle and get distracted while the trade setup is developing. Having said that, I am just a small fish in the pond compared to the experiences of you guys.

I do not trade just the MAs. I trade the reaction of price at/near the MAs. I also have a bit different look as to what the MA is and how price will ebb and flow from it. All theory I learned 10/12 years ago and have brought out in a new streamlined form. As I move forward with this project I will do my best to give as clear a definition as I can for how I see things. I am a throwback to the "think outside the box" principle.
Mark ... Everything you have been told is a LIE
  • #1,010
  • Nov 21, 2022 12:38am Nov 21, 2022 12:38am
Quoting TimeTells
{quote} I only trade when I see the "response" to such things by the Market & therefore "other" traders. I swim with'em when I can, & against when I see probability.
Sir, I am trying to emulate the same trading philosophy anchoring around some horizontal lines. Thanks to you and other gr8 people in the thread.
Success = Practice + Patience + Persistence
  • #1,011
  • Nov 21, 2022 12:46am Nov 21, 2022 12:46am
Quoting fxpider
{quote}
Sir, I am trying to emulate the same trading philosophy anchoring around some horizontal lines. Thanks to you and other gr8 people in the thread.

You'll get somewhere with it fxpider, no probs at all pal.

The hardest part for me was thinking if I don't TRADE IT NOW then I will miss the setup. Wrong lol.

The market usually gives you a couple of shots at it as "other traders' who enter exactly where you 'would have' entered and probably for the 'same' reason,
will often (but not always) get raided by the LPs on their entry, thus setting up a 2nd entry point near the first.

If they don't flip and price runs away in the direction you wanted, my advice is LAUGH, and move on quickly, and don't hold that missed opportunity in your mind,
there will be other trades.

Why LAUGH you ask.

Well think of your position if price had ran AGAINST your intended direction.

The market is King, tag along.
  • #1,012
  • Nov 21, 2022 12:50am Nov 21, 2022 12:50am
And how does one stay out of areas like chop with this method some may ask. That is where the concepts from Stacey Burke come into play. It truly is a goulash system.
Mark ... Everything you have been told is a LIE
  • #1,013
  • Nov 21, 2022 12:51am Nov 21, 2022 12:51am
Quoting spzd
And how does one stay out of areas like chop with this method some may ask. That is where the concepts from Stacey Burke come into play. It truly is a goulash system.
So, in essence, the MAs are mostly an aid to improve trade entry.
Mark ... Everything you have been told is a LIE
  • #1,014
  • Nov 21, 2022 12:53am Nov 21, 2022 12:53am
Quoting spzd
And how does one stay out of areas like chop with this method some may ask.
That is where the concepts from Stacey Burke come into play. It truly is a goulash system.

Making me hungry now, 5pm in Oz lol.

And if by chops you mean inflection hahaaa, then throw another one on the barbie BBQ and get ready for blastoff.
  • #1,015
  • Edited 9:06am Nov 21, 2022 4:23am | Edited 9:06am
Quoting spzd
{quote} My trading set-up. {image} edit: The 20 MA on the M5 = the 100 MA on the M1
I use ma's but in a channel. What I mean to say is that in conjunction with levels, brn's etc, the channel instils confidence in myself and a break in the channel is time to quickly reflect and act if necessary.
Now read Bluesteeles latest post on London open charts etc and realise that my head hurts - but in a nice way
every Saint has a past. Every Sinner has a Future
  • #1,016
  • Nov 21, 2022 8:57am Nov 21, 2022 8:57am
I do believe we are in that damn zeppelin.

Less than 25p is not enough even for me.
Mark ... Everything you have been told is a LIE
  • #1,017
  • Nov 21, 2022 9:03am Nov 21, 2022 9:03am
Attached Image (click to enlarge)
Click to Enlarge Name: GU-1-2022-11-21_090005.png Size: 36 KB
Mark ... Everything you have been told is a LIE
  • #1,018
  • Nov 21, 2022 9:16am Nov 21, 2022 9:16am
Quoting spzd
{image}
Or is this just an inflection point to continue down?
Mark ... Everything you have been told is a LIE
  • #1,019
  • Nov 21, 2022 9:25am Nov 21, 2022 9:25am
Robbie T, the random guy out there who posted some videos on how he trades the Burke method.

https://www.youtube.com/post/UgkxLms...I9gyrrA1ur58yP
Mark ... Everything you have been told is a LIE
  • #1,020
  • Nov 21, 2022 9:43am Nov 21, 2022 9:43am
Quoting spzd
{quote} Or is this just an inflection point to continue down?
@bluesteele

How I've marked the chart for sp500 CFD 15 minute: 5 Minute and 1 Minute

I put in Blue Steeles open line but don't know what to do with it yet
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US500_2022-11-21_15-33-12_923d9.png Size: 186 KB
Click to Enlarge Name: US500_2022-11-21_15-34-38_00094.png Size: 120 KB
Click to Enlarge Name: US500_2022-11-21_15-38-47_b8455.png Size: 124 KB
every Saint has a past. Every Sinner has a Future
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