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Volman meets Burke or My journey with PA

  • #1,142
  • Nov 30, 2022 8:19am Nov 30, 2022 8:19am
Me, besides getting the last few things set in my method, I am just looking for consistent trades that I can scale up.

I doubt I would ever be able to trade like Tom Hougaard, that would scare the crap out of me.

Bottom line is that there are many ways to do this.
Mark ... Everything you have been told is a LIE
  • #1,143
  • Nov 30, 2022 10:22am Nov 30, 2022 10:22am
Quoting RickM
{quote} The S&P has a rotation of 4 ticks on a moderate trend, which increases proportionally as the volume increases which creates a hard trend that’s very tradable for scalpers. So if you do decide to trade the short term time frames, you will see the higher highs or lower lows far easier down at the one minute view point - and even more profitable if you have the guts to get really dirty and start trading the seconds time frames. Here you will hit a wall trading trading MES. The trading costs show it’s 50% less profitable in trading fees...
My first go at SP500 was soon after the MES was introduced. I had no clue, although I thought I did. Had two charts, a 300 tick and a 1200 tick. Could never really wrap my head around those. Now, back in my safe zone of linear time, I am seeing how it moves and acts much clearer. I do not foresee any issues with how much I can trade on the MES as it has volume close to the ES.

Thanks again
Mark ... Everything you have been told is a LIE
  • #1,144
  • Nov 30, 2022 10:25am Nov 30, 2022 10:25am
After a few weeks of (trying) to use the M1, I am going back to the M5. I get to sucked into the M1 and lose track of where I am - market structure. Even with a higher TF chart next to it. Gotta trade what suits you personally. That is the only way it will work. Take from others what fits with you and forget the rest.
Mark ... Everything you have been told is a LIE
  • #1,145
  • Dec 1, 2022 3:58am Dec 1, 2022 3:58am
Quoting spzd
After a few weeks of (trying) to use the M1, I am going back to the M5. I get to sucked into the M1 and lose track of where I am - market structure.
Even with a higher TF chart next to it.
Gotta trade what suits you personally. That is the only way it will work. Take from others what fits with you and forget the rest.
Hi Mark,
Yes I concur, whatever fits with the individual.

I can watch two TF's having only the one pair essentially.
So I have a 15m & 5m tiled on one screen side-by-side using two diff templates for structure overviews.
Then its down to the 1m (from the 5m) when a trade is imminent to attempt a 'pips finesse on entry' to cover my overall spread & comms adds
(works sometimes others not lol).
But the dual views are from a desk distance, as I don't pore over the charts & suffer screen madness anymore lol (well I don't think I do hahaa )
  • #1,146
  • Dec 1, 2022 6:17am Dec 1, 2022 6:17am
I don't know if this indicator is useful to anyone using MT4, it copies over any Lines, Channels, Gann, Fibs, Shapes, Arrow & Graphics drawn on the chart
that has the indicator applied to it, to another open chart(s) of the same symbol of the same TF or any TF.

So for example you are analysing a higher timeframe chart and want your Objects copied instantly over to a LTF chart of the same symbol you can do that easily.

There is also a Crosshair Sync Indicator, works the same as above, handy tool with MTF charts.

Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 SynchroChart_Line.ex4   26 KB | 163 downloads
Attached File(s)
File Type: ex4 Crosshair_Sync.ex4   26 KB | 168 downloads
It never gets easier, you just get better
  • #1,147
  • Dec 1, 2022 6:39am Dec 1, 2022 6:39am
Heading towards the open Mark?
Box not so important here maybe ?
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #1,148
  • Dec 1, 2022 7:05am Dec 1, 2022 7:05am
Quoting turnip15
Heading towards the open Mark? Box not so important here maybe ? {image}
ASIA to ASIA Maybe ?

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It never gets easier, you just get better
  • #1,149
  • Dec 1, 2022 7:06am Dec 1, 2022 7:06am
Quoting turnip15
Heading towards the open Mark? Box not so important here maybe ? {image}
It is important. If I have learned anything these past few months is that nothing is not so important.
Mark ... Everything you have been told is a LIE
  • #1,150
  • Dec 1, 2022 7:10am Dec 1, 2022 7:10am
Quoting Shabs19
{quote} ASIA to ASIA Maybe ? {image}
Nice chart!

I am thinking, If one started to llok at Frankfort open for DAX being it is the German index.
Mark ... Everything you have been told is a LIE
  • #1,151
  • Dec 1, 2022 7:12am Dec 1, 2022 7:12am
Red data before and after open.
Mark ... Everything you have been told is a LIE
  • #1,152
  • Dec 1, 2022 7:19am Dec 1, 2022 7:19am
Quoting spzd
{quote} Nice chart! I am thinking, If one started to llok at Frankfort open for DAX being it is the German index.
But if you were a bank trader would you not want to load up your positions before franky Open, so You call your Bank Colleagues in Asia to help you set up the market for Franky Open ?

Remember it's a 24 hour market.
It never gets easier, you just get better
  • #1,153
  • Dec 1, 2022 7:29am Dec 1, 2022 7:29am
Quoting Shabs19
{quote} But if you were a bank trader would you not want to load up your positions before franky Open, so You call your Bank Colleagues in Asia to help you set up the market for Franky Open ? Remember it's a 24 hour market.
Yes, that is why opens can be so volatile with all those orders waiting to be executed.

I am looking at more from the point of the hour open block that sets the potential for high or low.
Mark ... Everything you have been told is a LIE
  • #1,154
  • Dec 1, 2022 7:52am Dec 1, 2022 7:52am
Quoting Shabs19
{quote} ASIA to ASIA Maybe ? {image}
The Open line per Bluesteele is my focus for now.
every Saint has a past. Every Sinner has a Future
  • #1,155
  • Dec 1, 2022 8:13am Dec 1, 2022 8:13am
Waiting on the Red data at the top of the hour. Will see if the fallout can be traded.


edit: Lessons in discipline.
Mark ... Everything you have been told is a LIE
  • #1,156
  • Dec 1, 2022 8:28am Dec 1, 2022 8:28am
The M5 is in a wedge. Volman style squeeze between the MA and a speed (trend) line.
Mark ... Everything you have been told is a LIE
  • #1,157
  • Dec 1, 2022 8:45am Dec 1, 2022 8:45am
Have been so focused on mastering the short term I missed this entire move in the GU.

Oh well ...
Mark ... Everything you have been told is a LIE
  • #1,158
  • Dec 1, 2022 9:10am Dec 1, 2022 9:10am
Quoting spzd
Have been so focused on mastering the short term I missed this entire move in the GU. Oh well ...
Me too. Kept waiting for a peak .... maybe now at RN. 1.2300
  • #1,159
  • Dec 1, 2022 9:24am Dec 1, 2022 9:24am
Quoting Lou
{quote} Me too. Kept waiting for a peak .... maybe now at RN. 1.2300

Can't complain too much as I just made about 2% on my MES account in 10 minutes or so.
Mark ... Everything you have been told is a LIE
  • #1,160
  • Dec 1, 2022 9:25am Dec 1, 2022 9:25am
GU sitting on 20-ema. MES sitting on H1 20-ema. Needs to break south to continue down.
Mark ... Everything you have been told is a LIE
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