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Volman meets Burke or My journey with PA

  • #1,061
  • Nov 23, 2022 9:58am Nov 23, 2022 9:58am
Quoting turnip15
{quote} Later that day @spzd At some point do you think price will return to the open today ? {image}
OK BW
Mark ... Everything you have been told is a LIE
  • #1,062
  • Nov 23, 2022 10:05am Nov 23, 2022 10:05am
Quoting turnip15
{quote} Later that day @spzd At some point do you think price will return to the open today ? {image}
With the MES it could decide to come back.
Mark ... Everything you have been told is a LIE
  • #1,063
  • Nov 23, 2022 10:10am Nov 23, 2022 10:10am
Quoting spzd
ADR is acceptable to get an idea of where a high or low may be starting to be put in place. I do not use it. (Not to brag) my PA understanding has gotten to the point I let price, and my few tools, tell me most everything.
Broke the ADR high
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every Saint has a past. Every Sinner has a Future
  • #1,064
  • Nov 23, 2022 10:18am Nov 23, 2022 10:18am
On the M1 you can clearly see how price moves. A "trend" starts. This is the rejective property of equilibrium. Price wants to always move away from its equilibrium.

I know this makes for a conundrum. In the one case price wants to come to, and in the other price wants to go away. This is where learning to understand how price moves and start to see when it may possibly move into a range or even reversal. And yes, you can see these moves as price creates certain behaviors.
Mark ... Everything you have been told is a LIE
  • #1,065
  • Nov 23, 2022 10:23am Nov 23, 2022 10:23am
This is National Fibonacci Day in the US.

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Mark ... Everything you have been told is a LIE
  • #1,066
  • Nov 23, 2022 10:30am Nov 23, 2022 10:30am
Quoting turnip15
What I have drawn pre - New York Open. Looking at bluesteeles one hour thingy {image} {image} {image}
SP500 chugging away.
Bit uncertain what to do now so I am going to call it a day for now. My head is hurting again.
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every Saint has a past. Every Sinner has a Future
  • #1,067
  • Nov 23, 2022 10:33am Nov 23, 2022 10:33am
Quoting turnip15
{quote} SP500 chugging away. Bit uncertain what to do now so I am going to call it a day for now. My head is hurting again. {image} {image}
It may be done until next week.
Mark ... Everything you have been told is a LIE
  • #1,068
  • Nov 23, 2022 10:49am Nov 23, 2022 10:49am
Quoting OAPDave
Sometimes your eyes may need a little help when trading on the 1min {image}
I'm good, thanks.

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Mark ... Everything you have been told is a LIE
  • #1,069
  • Nov 23, 2022 12:07pm Nov 23, 2022 12:07pm
Quoting turnip15
{quote} Later that day @spzd At some point do you think price will return to the open today ? {image}
Bingo you called it.
Mark ... Everything you have been told is a LIE
  • #1,071
  • Nov 24, 2022 2:19am Nov 24, 2022 2:19am
One hour box starts
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every Saint has a past. Every Sinner has a Future
  • #1,072
  • Nov 24, 2022 3:34am Nov 24, 2022 3:34am
Dax thus far
Not sure OPEN line helped me here other than to keep me long orientated and long off prior to open levels.
Will price curve back towards the open ?
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every Saint has a past. Every Sinner has a Future
  • #1,073
  • Nov 24, 2022 3:40am Nov 24, 2022 3:40am
Cable so far

May have missed earlier bounces for shorts off the OPEN line ?
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every Saint has a past. Every Sinner has a Future
  • #1,074
  • Nov 24, 2022 5:07am Nov 24, 2022 5:07am
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.
Hi fxpider, everything is great in hindsight as well and good to learn from.

With MA's they give context and can be used in anticipation of a continued move or not, as targets or entry areas depending on mindset and overall style. Choosing a period is up to you to determine. I learned from this guy (see vid link) for a tiny while in his live scalping room but have also learned other periods and usage. Without them there is one less input of context that could be useful.
Inserted Video


Cheers...
  • #1,075
  • Nov 24, 2022 6:14am Nov 24, 2022 6:14am
Quoting FocusWinReal
{quote} Hi fxpider, everything is great in hindsight as well and good to learn from. With MA's they give context and can be used in anticipation of a continued move or not, as targets or entry areas depending on mindset and overall style. Choosing a period is up to you to determine. I learned from this guy (see vid link) for a tiny while in his live scalping room but have also learned other periods and usage. Without them there is one less input of context that could be useful. https://www.youtube.com/watch?v=HZquJh75pyY Cheers...
Thanks mate, for the video. Since my last post, I have been reading some resources regarding MA and working on how to incorporate them into my process. No doubt, the use of MA gives an extra layer of confluence. Also, I was feeling naked looking into my template.
Success = Practice + Patience + Persistence
  • #1,076
  • Nov 24, 2022 8:48am Nov 24, 2022 8:48am
Quoting fxpider
{quote} Thanks mate, for the video. Since my last post, I have been reading some resources regarding MA and working on how to incorporate them into my process. No doubt, the use of MA gives an extra layer of confluence. Also, I was feeling naked looking into my template.
MAs are good if used correctly. At the least they can help give structure to your charts. For me they are areas of potential entry. Most people don't really understand how to use them so they deride them. Same as with the various horizontal lines and vertical time breaks.


It all still comes down to what PRICE does at those areas.
Mark ... Everything you have been told is a LIE
  • #1,077
  • Nov 24, 2022 9:54am Nov 24, 2022 9:54am
Quoting spzd
{quote} MAs are good if used correctly. At the least they can help give structure to your charts. For me they are areas of potential entry. Most people don't really understand how to use them so they deride them. Same as with the various horizontal lines and vertical time breaks. It all still comes down to what PRICE does at those areas.
SPZD ... This is Spot On .
And... The best experience is when Price Action that you know what to do about is confirmed by your MA set up.
  • #1,078
  • Nov 25, 2022 12:42am Nov 25, 2022 12:42am
This is a good video. SBurke goes psycho ... jk he discusses psychology. At 19:15 when he talks about psychological factors, the first few moments is really, you lump tired of your job into this category. That's the reason most get into trading ...

Inserted Video
Mark ... Everything you have been told is a LIE
  • #1,079
  • Nov 25, 2022 6:33am Nov 25, 2022 6:33am
Quoting bluesteele
{quote} Where have we seen that before ? The box has held price tags the open 2x... Low risk high prob6trade once again .. and if price moved the other way your out with a small loss... Patience as always... Cheers Blue
No trading for me today but I hope to invite experienced comment on my charts.


Not sure what I am doing here but here are some charts ( Dax and Cable) where I try to make sense of the open of the UK session.
Grey circles on Cable are proposed 1 minute trades. Road map is still key but may be triggered earlier by UK open line action ?
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every Saint has a past. Every Sinner has a Future
  • #1,080
  • Nov 25, 2022 8:09am Nov 25, 2022 8:09am
Quoting turnip15
{quote} No trading for me today but I hope to invite experienced comment on my charts. Not sure what I am doing here but here are some charts ( Dax and Cable) where I try to make sense of the open of the UK session. Grey circles on Cable are proposed 1 minute trades. Road map is still key but may be triggered earlier by UK open line action ? {image} {image} {image} {image}
I would not take today into account too much as it is the day after US Thanksgiving and they let the kids play with the Algo.
Mark ... Everything you have been told is a LIE
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