Volman meets Burke or My journey with PA | Page 52 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Understanding Price Action by Bob Volman (notes and examples) 100 replies

Volman Style (70-tick chart) 751 replies

The Dissent Channel: Volman Price Action 33 replies

Bob Volman & TMT System 16 replies

pls share your journey 10 replies

Attachments: Volman meets Burke or My journey with PA
Exit Attachments

Volman meets Burke or My journey with PA

  • #1,021
  • Nov 21, 2022 9:44am Nov 21, 2022 9:44am
This thing is seriously in the Matrix. Time to take a break and come back later. Work on another post. Maybe it will decide where it wants to go and I can catch a retrace entry.
Mark ... Everything you have been told is a LIE
  • #1,022
  • Nov 21, 2022 9:47am Nov 21, 2022 9:47am
Quoting spzd
This thing is seriously in the Matrix. Time to take a break and come back later. Work on another post. Maybe it will decide where it wants to go and I can catch a retrace entry.
And just like that before I walk away it looks like it may break south.
Mark ... Everything you have been told is a LIE
  • #1,023
  • Nov 21, 2022 10:00am Nov 21, 2022 10:00am
Quoting spzd
{quote} And just like that before I walk away it looks like it may break south.
So made a little scratch on that last attempt to break south. It may try it again.

GU
Mark ... Everything you have been told is a LIE
  • #1,024
  • Nov 21, 2022 10:05am Nov 21, 2022 10:05am
Quoting spzd
{quote} So made a little scratch on that last attempt to break south. It may try it again. GU
Nope, needs to reset.
Mark ... Everything you have been told is a LIE
  • #1,025
  • Nov 21, 2022 10:07am Nov 21, 2022 10:07am
This thing, GU, is so tight and undecisive today. Not really in the mood to scalp this morning. Back to plan 1. Work on another post.
Mark ... Everything you have been told is a LIE
  • #1,026
  • Nov 21, 2022 10:35am Nov 21, 2022 10:35am
Wow

I won the 1k award. Never thought it would get this far.

Attached Image (click to enlarge)
Click to Enlarge Name: oneK.png Size: 12 KB
Mark ... Everything you have been told is a LIE
  • #1,027
  • Nov 21, 2022 11:23am Nov 21, 2022 11:23am
Makes you wonder how tomorrow will be with all the Fed branics speaking.
Mark ... Everything you have been told is a LIE
  • #1,028
  • Nov 21, 2022 6:56pm Nov 21, 2022 6:56pm
Quoting spzd
Makes you wonder how tomorrow will be with all the Fed branics speaking.

Once the talking heads do their thing, the market will do its thing, and then we can do our thing.
  • #1,029
  • Nov 22, 2022 9:28am Nov 22, 2022 9:28am
Equilibrium: a state in which opposing forces or influences are balanced.

This is where the markets strive to be. Due to the innumerable input variables, it rarely achieves this condition. Like everything else in how I trade, the point(s) of equilibrium are usually a horizontal line of price at a specific time. The Open price is an equilibrium point. Whether it be the 24-hour calendar open or a specific time like the NYSE open at 0930 EST.

Another point of equilibrium would be a moving average. As an example, the 20-period ema like I have on my charts. I consider the moving average as a projection of where price should be if it were in a state of equilibrium. This is why when price consolidates around a point of equilibrium then some form of outside influence, then zoom off it goes. Some of the zooms are more dramatic than others. Never know what you are going to get.

I then view the markets as essentially enclosed spaces with sensors to pick up outside influences, such as entries, data, BS. I think that equilibrium is written into the Algo code. This explains why there are so many exact and close spots price keeps returning to.

And that is what the markets are. An entity in constant flux always searching a point of equilibrium.
Mark ... Everything you have been told is a LIE
  • #1,030
  • Nov 22, 2022 9:37am Nov 22, 2022 9:37am
What the markets really are:

What are the basic tenets of chaos theory?
Chaos is the science of surprises, of the nonlinear and the unpredictable. It teaches us to expect the unexpected. While most traditional science deals with supposedly predictable phenomena like gravity, electricity, or chemical reactions, Chaos Theory deals with nonlinear things that are effectively impossible to predict or control, like turbulence, weather, the stock market, our brain states


Up to us to discern how to interpret this. Fortunately we have:

What are Fractals?
A fractal is a never-ending pattern. Fractals are infinitely complex patterns that are self-similar across different scales. They are created by repeating a simple process over and over in an ongoing feedback loop. Driven by recursion, fractals are images of dynamic systems – the pictures of Chaos.
Mark ... Everything you have been told is a LIE
  • #1,031
  • Nov 22, 2022 10:03am Nov 22, 2022 10:03am
Yesterday and last night I ended up making quite a few scalps. Not looking for scalps, but the GU kinda sucks atm. Not real pleased with the results. I did end up positive on the day. I can see where I can make (many) improvements. Going to do a deeper analysis of those trades along with a lot of looking back this long weekend. I am confident I will come out the other side with a healthy method.
Mark ... Everything you have been told is a LIE
  • #1,032
  • Nov 22, 2022 10:26am Nov 22, 2022 10:26am
Quoting spzd
Yesterday and last night I ended up making quite a few scalps. Not looking for scalps, but the GU kinda sucks atm. Not real pleased with the results. I did end up positive on the day. I can see where I can make (many) improvements. Going to do a deeper analysis of those trades along with a lot of looking back this long weekend. I am confident I will come out the other side with a healthy method.
@bluesteele

Tried marking up sp500 on 15 Minute; 5 Minute and 1 Minute along lines suggested by blue steel.
Brian cells might be making extra connections here
Let's hope I am on the right learning track
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US500_2022-11-22_16-03-58_f0236.png Size: 125 KB
Click to Enlarge Name: US500_2022-11-22_16-05-48_cffff.png Size: 112 KB
Click to Enlarge Name: US500_2022-11-22_16-10-17_ae50c.png Size: 128 KB
every Saint has a past. Every Sinner has a Future
  • #1,033
  • Nov 22, 2022 10:52am Nov 22, 2022 10:52am
Quoting turnip15
{quote} @bluesteele Tried marking up sp500 on 15 Minute; 5 Minute and 1 Minute along lines suggested by blue steel. Brian cells might be making extra connections here Let's hope I am on the right learning track {image} {image} {image}
That is from the 0930 EST open?

And does this work for currencies?
Mark ... Everything you have been told is a LIE
  • #1,035
  • Nov 22, 2022 11:47am Nov 22, 2022 11:47am
Quoting turnip15
{quote} @bluesteele Tried marking up sp500 on 15 Minute; 5 Minute and 1 Minute along lines suggested by blue steel. Brian cells might be making extra connections here Let's hope I am on the right learning track {image} {image} {image}
Put these on for session boxes of 90-minutes each. I have the session starting at the time of the three major equity markets.

TSE - Tokyo Stock Exchange (home of the Nikkei) 0900 JST - 0000GMT - 1900 EST
LSE - London Stock Exchange (home of the FTSE) 0800 GMT - 0300 EST
NYSE - New York Stock Exchange (home of the Dow [US30], Nasdaq, S&P 500) 0930 EST - 1430 GMT

If my times are incorrect pls inform me.

I then put it on the 15-minute. I like it. This will become a great addition.

Thanks @Blue
Mark ... Everything you have been told is a LIE
  • #1,036
  • Nov 22, 2022 11:51am Nov 22, 2022 11:51am
Quoting bluesteele
{quote} Hi Mark...open up a GU 5m chart..London session.. 3am NY time London opens... 1 hour box finishes see how price came back to the London open... Bada Bing Bada boom... Yes currencies indices etc... I find for the indices and currencies a 1 hr box suffices.. from the equity open. Setups develop on close of box. Appropriate currency with session obviously.. And yes I always use 930 open.. Cheers Blue
Thanks Kev

I had already jumped ahead to that on the GU and MES. I may leave mine at 90-minutes for now. Time for a deep dive this weekend.
Mark ... Everything you have been told is a LIE
  • #1,037
  • Nov 22, 2022 11:57am Nov 22, 2022 11:57am
Quoting spzd
{quote} Thanks Kev I had already jumped ahead to that on the GU and MES. I may leave mine at 90-minutes for now. Time for a deep dive this weekend.
Thinking this will be the last one for a while. Everything is here. Just need a tad tweak.
Mark ... Everything you have been told is a LIE
  • #1,039
  • Nov 22, 2022 12:13pm Nov 22, 2022 12:13pm
Quoting bluesteele
{quote} I for a long time stuck with the 90mins.. or 18-5m bars as per Al Brooks...but have gravitated to 1hr or 12 5m bars... And I use that box size for FIBs deviations for targets and also entry re entry.. Gotta give thanks to Tom Hougaard and Al Brooks for opening my eyes up to this phenomenon.... I have some more to share a bit later you guys might like and I think will help Cheers fellas.
Thanks

Just the session time and size will make a world of difference. Looking at the 15-minute and it fits right in with my theory of how price moves from session to session. This is why I do not concern myself that much with looking at higher TFs for structure. How I trade and will be trading going forward will not require that. It is a good exercise to do on occasion though.
Mark ... Everything you have been told is a LIE
  • #1,040
  • Nov 22, 2022 12:15pm Nov 22, 2022 12:15pm
Quoting bluesteele
{quote} I for a long time stuck with the 90mins.. or 18-5m bars as per Al Brooks...but have gravitated to 1hr or 12 5m bars... And I use that box size for FIBs deviations for targets and also entry re entry.. Gotta give thanks to Tom Hougaard and Al Brooks for opening my eyes up to this phenomenon.... I have some more to share a bit later you guys might like and I think will help Cheers fellas.
I agree. Reading and listening to these guys has been very beneficial if one pays attention.
Mark ... Everything you have been told is a LIE
3 traders viewing now