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Volman meets Burke or My journey with PA

  • #1,201
  • Dec 6, 2022 9:19am Dec 6, 2022 9:19am
Need a nap if I can get one.

Take care
Mark ... Everything you have been told is a LIE
  • #1,202
  • Dec 6, 2022 9:26am Dec 6, 2022 9:26am
Quoting spzd
Need a nap if I can get one. Take care
I am going to quit for the day. I am not going to give that lot back. Take care Mark and enjoy your nap.
Price may work back to open but I am off for the day , need to drive wife to dentist
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #1,203
  • Dec 6, 2022 4:25pm Dec 6, 2022 4:25pm
Quoting spzd
{quote}
And with that addition I am going to look at the M1 one more time. 3rd times a charm as they say.

It's extra work Mark lol, and not really necessary, but if you draw a box around 15 x 1m candles or around 60 x 1m candles you get to see the delta of the larger timeframe candle better (ie where & WHEN buyers come in, sellers come in for want of a better phrase ).
A lot of that happens around the end of the candle builds.

We can also see this delta shift by watching a 15min candle itself, in its full up & down ebb & flow and the building on the fly
but ONCE printed that 15m candle is set in stone and no further view of how it was built is shown
and why I prefer when back-testing a template to use a tick-by-tick prg (ON THE 15M) as you see the candle wax & wane to get its feel of momentum
(cant change TF on my backtester so I its good for the live watching the tick build views).

The 1min candle is an excellent entry timeframe imho, but i find for a fuller picture of market structure the 5m minimum is good
while for me the 15m candle chart shows me plenty on a full computer screen to build on my perceptions of current & potential activity.

Always, its each to their own of course. And have some fun with it, the 1min does tell its STORY, absolutely. Great for entries & exits.

edit: and ps get better soon lol, and take plenty of fluids
  • #1,204
  • Dec 7, 2022 4:19am Dec 7, 2022 4:19am
Quoting TimeTells
quote}
the 1min does tell its STORY, absolutely. Great for entries & exits. edit: and ps get better soon lol, and take plenty of fluids

Just a quick follow up for some fun as the evening is pretty much over here.

The 1min
The 15m

The shaded rectangles are the same time period coverage on both charts.


Stepping back what does the 15m chart provide for us in this Ranging Market condition.
Compared say to the 1min chart.

(Ignore the channels for this exercise).

Would the 1min or the 15m chart be more helpful IF the market was NOT ranging (later) but in a solid directional momentum.

And if so, then would the Current Market Condition best suit our choice of which particular timeframe we wish to utilise in the moment?

All questions, no answers, just choices sorry

.
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  • #1,205
  • Dec 7, 2022 5:00am Dec 7, 2022 5:00am
Quoting TimeTells
{quote} Just a quick follow up for some fun as the evening is pretty much over here. The 1min The 15m The shaded rectangles are the same time period coverage on both charts. Stepping back what does the 15m chart provide for us in this Ranging Market condition. Compared say to the 1min chart. (Ignore the channels for this exercise). Would the 1min or the 15m chart be more helpful IF the market was NOT ranging (later) but in a solid directional momentum. And if so, then would the Current Market Condition best suit our choice of which particular timeframe...
Day off today. Out for a Christmas lunch later with wifey. If my head hurts later I cannot blame it on reading anyone' post/charts here
Enjoy your day.folks
every Saint has a past. Every Sinner has a Future
  • #1,206
  • Dec 7, 2022 5:06am Dec 7, 2022 5:06am
Quoting turnip15
{quote} I am going to quit for the day. I am not going to give that lot back. Take care Mark and enjoy your nap. Price may work back to open but I am off for the day , need to drive wife to dentist {image}
Quick update.
it didn't go back to US Open but it hit the ADR below which is always a good target to keep in mind.
Better get me coat - wifey is calling - Christmas lunch here we come..
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every Saint has a past. Every Sinner has a Future
  • #1,207
  • Dec 7, 2022 9:20am Dec 7, 2022 9:20am
Crud, Day 3. Fever broke -will likely go through a lesser fever. Got the shatz now. I know TMI.
Mark ... Everything you have been told is a LIE
  • #1,208
  • Dec 7, 2022 10:58am Dec 7, 2022 10:58am
Quoting spzd
Crud, Day 3. Fever broke -will likely go through a lesser fever. Got the shatz now. I know TMI.
Wife got flu even though had the flu shot and was taking other precautions. Very severe for a week and now getting better. Sore ribs from coughing so hard plus meds they gave her caused stomach problems. Glad I could help her since I had mild symptoms.

Spzd... glad you are on the mend ... it appears to last 10 days or more.

  • #1,209
  • Dec 8, 2022 7:52am Dec 8, 2022 7:52am
On the downside of this bout with the crud. Still feel like warmed up crapola.

This is officially a lost week.
Mark ... Everything you have been told is a LIE
  • #1,210
  • Dec 8, 2022 8:21am Dec 8, 2022 8:21am
Quoting TimeTells
{quote} Just a quick follow up for some fun as the evening is pretty much over here. The 1min The 15m The shaded rectangles are the same time period coverage on both charts. Stepping back what does the 15m chart provide for us in this Ranging Market condition. Compared say to the 1min chart. (Ignore the channels for this exercise). Would the 1min or the 15m chart be more helpful IF the market was NOT ranging (later) but in a solid directional momentum. And if so, then would the Current Market Condition best suit our choice of which particular timeframe...
I do something similar to the box using vertical lines. They are placed automatically. On the GU I use the 5-minute with the 1-hour.

I think the 15-minute is an excellent timeframe to see market structure.
Mark ... Everything you have been told is a LIE
  • #1,211
  • Dec 8, 2022 9:34am Dec 8, 2022 9:34am
The sp500 one hour box, albeit not breached, the US Open line provided two nice longs off lower level and bounce off the open line afterwards.
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every Saint has a past. Every Sinner has a Future
  • #1,212
  • Dec 8, 2022 9:54am Dec 8, 2022 9:54am
I'll post my Cable chart here. UK Open line; hourly Box and levels, including the 200ma did well today. Other days I fight hard for pips.
Attached Image(s) (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #1,213
  • Dec 8, 2022 10:49am Dec 8, 2022 10:49am
Quoting turnip15
I'll post my Cable chart here. UK Open line; hourly Box and levels, including the 200ma did well today. Other days I fight hard for pips. {image} {image} {image}
The 200ma is a good "trend" indicator. I am making use of a few MAs. I would now call my method a hybrid price action.
Mark ... Everything you have been told is a LIE
  • #1,214
  • Dec 8, 2022 11:46am Dec 8, 2022 11:46am
Quoting turnip15
I'll post my Cable chart here. UK Open line; hourly Box and levels, including the 200ma did well today. Other days I fight hard for pips. {image} {image} {image}
That is the result of price consolidation.

My reference with MAs is always the higher timeframes.
Mark ... Everything you have been told is a LIE
  • #1,215
  • Dec 9, 2022 9:24am Dec 9, 2022 9:24am
Survived the crud. Now to get my strength back and hopefully will be able to trade next week.
Mark ... Everything you have been told is a LIE
  • #1,216
  • Dec 9, 2022 9:39am Dec 9, 2022 9:39am
Nothing of note (for me -unless you see something I missed) price seems to be ranging within bluesteele's hourly box with price above the New York Open line.
Keep in mind the big gap down to the far left
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every Saint has a past. Every Sinner has a Future
  • #1,217
  • Dec 9, 2022 11:36am Dec 9, 2022 11:36am
I made a losing long trade above the box later then stopped at 4:30pm UK. Price seemed to just meander.
back next week.
Enjoy your weekend all and hope you will be fighting fit mark
every Saint has a past. Every Sinner has a Future
  • #1,218
  • Dec 9, 2022 11:38am Dec 9, 2022 11:38am
Quoting turnip15
I made a losing long trade above the box later then stopped at 4:30pm UK. Price seemed to just meander. back next week. Enjoy your weekend all and hope you will be fighting fit mark
It was ranging when I checked it. Tried a short and got bit. Shut it down until next week.
Mark ... Everything you have been told is a LIE
  • #1,219
  • Dec 10, 2022 5:15am Dec 10, 2022 5:15am
Quoting turnip15
Nothing of note (for me -unless you see something I missed) price seems to be ranging within bluesteele's hourly box with price above the New York Open line. Keep in mind the big gap down to the far left {image}
If you zoom out, onto a higher TF, 1m & 5m even is pure noise. FVG filled in both directions.

Buy above 3954.6 & Exit / Sell at YH 3973.9 to DO 3961.4 & next target PDO 3930.7

Attached Image (click to enlarge)
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It never gets easier, you just get better
  • #1,220
  • Dec 10, 2022 7:42am Dec 10, 2022 7:42am
Quoting Shabs19
{quote} If you zoom out, onto a higher TF, 1m & 5m even is pure noise. FVG filled in both directions. Buy above 3954.6 & Exit / Sell at YH 3973.9 to DO 3961.4 & next target PDO 3930.7 {image}
Thanks for that Shabs.
I try to look at fvgaps but am not yet too keen on them because I am never sure if they are valid or where they are valid. Plus, in the heat of battle I stay focused on 5 minute and 1 minute on sp500 plus my roadmap. here I must confess to missing a early long from near the open via roadmap which ran a similar course to your fvgap run. Overall I will now look at ,say, 15 minute action prior to opens, to see if a FVGap appears and mark it in. Then see what the 1 minute does ?
I appreciate your help in making me think about how to mark up charts before the open of sessions.
every Saint has a past. Every Sinner has a Future
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