Attachments: Volman meets Burke or My journey with PA

Volman meets Burke or My journey with PA

#1,221
Dec 10, 2022 9:21am Dec 10, 2022 9:21am

spzd
Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts

Quoting Shabs19

Disliked

{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}

Ignored

Yesterday it did look like noise.

I also use the H1 to see the overall structure.

Attached Image (click to enlarge)

Click to Enlarge

Name: MESH1.png
Size: 31 KB

Mark ... Everything you have been told is a LIE

#1,222
Edited 12:38pm Dec 10, 2022 12:08pm | Edited 12:38pm

Shabs19
Joined Aug 2006 | Status: Trader | 5,318 Posts

Quoting turnip15

Disliked

{quote} 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.

Ignored

Market falls 540 points in a minute is definitely going to leave a huge Gap and followed by a "Dead Cat Bounce". That's your Gap.

Having the DO , PDO & PDH nearby, also helped to mark out the playground.

I like the 1 hr & 30m charts, you can see at the minimum, approx 2 - 3 prior days of action, and can mark out some important levels & key turning points.

It never gets easier, you just get better

#1,223
Dec 12, 2022 8:02am Dec 12, 2022 8:02am

spzd
Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts

Switched SP500 to the March contract. The volume is tipping to the March contract - MESH23.

Mark ... Everything you have been told is a LIE

#1,224
Dec 12, 2022 9:03am Dec 12, 2022 9:03am

spzd
Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts

After wandering off the grounds for a month and a bit, this morning I switched GU to M15 and MES to M5. Zoomed out just a touch and ... yup things look the way they should.

It's as if the fog lifted.

Mark ... Everything you have been told is a LIE

#1,225
Dec 12, 2022 9:25am Dec 12, 2022 9:25am

spzd
Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts

This may look too busy to many. I understand it. And this is some of what I was doing in my meanderings. The MAs are loosely based off the system I learned back in the day. And yes, it has been a number of years since then.

A couple things on here are two (2) hulls that mimic cycles. These cycles are not uniform in any way. Perhaps a better way of looking at it would be a swing identifier. I will get into how I use them later.

The 100 and 200 simple MAs also come from that system. In fact, if you look at this mornings GU data release that the 100-simple provided support.

Along with all the opens, highs, and lows plus the initial one hour session boxes.

Today was 30p down once price moved inside the hulls. And about 20p coming back after the bounce off the DO. That area also had the H1 20-ema as support.

Attached Image (click to enlarge)

Click to Enlarge

Name: GU-M15-12.12.2022.png
Size: 39 KB

Mark ... Everything you have been told is a LIE

#1,226
Dec 12, 2022 9:28am Dec 12, 2022 9:28am

spzd
Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts

Quoting spzd

Disliked

This may look too busy to many. I understand it. And this is some of what I was doing in my meanderings. The MAs are loosely based off the system I learned back in the day. And yes, it has been a number of years since then. A couple things on here are two (2) hulls that mimic cycles. These cycles are not uniform in any way. Perhaps a better way of looking at it would be a swing identifier. I will get into how I use them later. The 100 and 200 simple MAs also come from that system. In fact, if you look at this mornings GU data release that the 100-simple...

Ignored

The trades were still within the boundaries of what has been discussed. The short was from the HOD. And the long was of support back to the HOD.

Mark ... Everything you have been told is a LIE

#1,227
Dec 12, 2022 10:39am Dec 12, 2022 10:39am

spzd
Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts

What is great about most any PA method is it is universal.

GJ

Attached Image (click to enlarge)

Click to Enlarge

Name: GJ-M15-12.12.2022.png
Size: 30 KB

Mark ... Everything you have been told is a LIE

#1,228
Dec 12, 2022 10:57am Dec 12, 2022 10:57am

spzd
Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts

Volman mentions this a number of times and Brooks has mentioned it, how price is attracted to and repelled from the same point of interest. Which could be a level either O/H/L or BRN/RN/Q or it could be a moving average. The point acts as a magnet. Basically, another point of equilibrium.

I have taken this view of the market so I do not have to consider FVGs, liquidity pools, and whatever else people want to call it. Price action/reaction and patterns. And those two may just be the same. I have the added "clutter" of some moving averages.

Nothing more than price moving in a framework. My charts are just annotated so I can see the framework much more clearly.

GJ, almost 60p < hour.

Mark ... Everything you have been told is a LIE

#1,229
Edited 5:19am Dec 13, 2022 4:47am | Edited 5:19am

turnip15
Joined Sep 2006 | Status: Trader | 10,704 Posts

Quoting spzd

Disliked

Volman mentions this a number of times and Brooks has mentioned it, how price is attracted to and repelled from the same point of interest. Which could be a level either O/H/L or BRN/RN/Q or it could be a moving average. The point acts as a magnet. Basically, another point of equilibrium. I have taken this view of the market so I do not have to consider FVGs, liquidity pools, and whatever else people want to call it. Price action/reaction and patterns. And those two may just be the same. I have the added "clutter" of some moving averages. Nothing...

Ignored

After reading and analysing many things over a long time one gets the impression that one should pick a line or level, and trend or absence of one, to enter a trade when a line is crossed. Then manage that trade. if it comes back to your line then you get out quick; if it moves in your direction then how much do you want to lock in so that you get paid something. Choosing a point to get in and out probably sums up the quest of many threads. Overall keeping it simple by noting price action during a trade and putting in your lines before the open of your session probably sums up the trading job. Finally fixing your head is paramount for eventual success.
Those choccy biscuits I sampled yesterday were great, even when dipped in the the cup. Sadly they are all gone and wifey is not amused

every Saint has a past. Every Sinner has a Future

#1,230
Dec 13, 2022 6:41pm Dec 13, 2022 6:41pm

TimeTells
Joined Dec 2018 | Status: Trader | 4,598 Posts

Quoting spzd

Disliked

Volman mentions this a number of times and Brooks has mentioned it, how price is attracted to and repelled from the same point of interest. Which could be a level either O/H/L or BRN/RN/Q or it could be a moving average. The point acts as a magnet. Basically, another point of equilibrium. I have taken this view of the market so I do not have to consider FVGs, liquidity pools, and whatever else people want to call it. Price action/reaction and patterns. And those two may just be the same. I have the added "clutter" of some moving...

Ignored

Hi Mark,
Everything in personal trading is personal opinion but yes I would agree with Volman via observation that the attraction/magnet concept is quite valid for me.

Quoting turnip15

Disliked

{quote}
After reading and analysing many things over a long time one gets the impression that one should pick a line or level, and trend or absence of one, to enter a trade when a line is crossed. Then manage that trade. if it comes back to your line then you get out quick; if it moves in your direction then how much do you want to lock in so that you get paid something. Choosing a point to get in and out probably sums up the quest of many threads. Overall keeping it simple by noting price action during a trade and putting in your...

Ignored

Hi Turnip,

As posted to Mark above everything in personal trading is personal opinion however while agreeing (with Volman) personally I could not just enter a trade because a line was crossed as you mentioned.

If a line is crossed at a point of attraction/magnet then I have noticed it can still be a 50% chance of price going up or down from the 'magnet'

As I believe that 50% chance (around) is the case, then I often find just waiting a candle or two later (depending on TF used lol) can give a clue whether the line-cross holds or will be attacked by the market.

Each to their own of course, it's a battle of wits with the market as much as a battle of price imho lol.

ps those choccy biscuits sounded great

#1,231
Dec 13, 2022 9:18pm Dec 13, 2022 9:18pm

spzd
Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts

Quoting TimeTells

Disliked

{quote} Hi Mark, Everything in personal trading is personal opinion but yes I would agree with Volman via observation that the attraction/magnet concept is quite valid for me. {quote} Hi Turnip, As posted to Mark above everything in personal trading is personal opinion however while agreeing (with Volman) personally I could not just enter a trade because a line was crossed as you mentioned. If a line is crossed at a point of attraction/magnet then I have noticed it can still be a 50% chance of price going up or down from the 'magnet' As I believe...

Ignored

Hello Pete,

I concur completely. Even Volman and Brooks are relaying personal opinion. I, personally, do not shy from using alternative descriptions for price behavior. It works as well as any stodgy explanation.

Take care

Merry Christmas and Happy New Year

Mark ... Everything you have been told is a LIE

#1,232
Dec 13, 2022 10:08pm Dec 13, 2022 10:08pm

TimeTells
Joined Dec 2018 | Status: Trader | 4,598 Posts

Quoting spzd

Disliked

{quote}
Hello Pete, I concur completely. Even Volman and Brooks are relaying personal opinion. I, personally, do not shy from using alternative descriptions for price behavior. It works as well as any stodgy explanation. Take care Merry Christmas and Happy New Year

Ignored

Hi Mark,
You too pal and to all your followers on this thread.
I could talk for hours on the Attraction/Magnet Concept (but will spare everyone lol)

Other than it is a most VALID concept imho (I see it often).
And therefore tradeable once we know direction post-attraction.

All the best folks, the markets will thin next week,
the MM/LPs imho cannot go into the Chrissy recess in negative-aggregate for them
so there could be some big shake-outs next week, we must be on our toes if still in the markets.

#1,233
Edited 5:11am Dec 14, 2022 4:58am | Edited 5:11am

turnip15
Joined Sep 2006 | Status: Trader | 10,704 Posts

Quoting TimeTells

Disliked

{quote} Hi Mark, Everything in personal trading is personal opinion but yes I would agree with Volman via observation that the attraction/magnet concept is quite valid for me. {quote} Hi Turnip, As posted to Mark above everything in personal trading is personal opinion however while agreeing (with Volman) personally I could not just enter a trade because a line was crossed as you mentioned. If a line is crossed at a point of attraction/magnet then I have noticed it can still be a 50% chance of price going up or down from the 'magnet' As I...

Ignored

You are right - a line on its own means little and I did not mean to imply one trades any line cross and I apologise if I gave that impression. My charts in this thread show that I apply lines at important ( to me) levels prior to the open. Then trade around those levels using price action. Good luck with your trading

Not traded by me but gives an idea of what I look at: This includes Roadmap so not any old line will do.

Attached Image (click to enlarge)

Click to Enlarge

Name: GBPUSD_2022-12-14_11-09-25_ce9db.png
Size: 139 KB

every Saint has a past. Every Sinner has a Future

#1,234
Dec 14, 2022 6:12am Dec 14, 2022 6:12am

turnip15
Joined Sep 2006 | Status: Trader | 10,704 Posts

Quoting turnip15

Disliked

{quote} You are right - a line on its own means little and I did not mean to imply one trades any line cross and I apologise if I gave that impression. My charts in this thread show that I apply lines at important ( to me) levels prior to the open. Then trade around those levels using price action. Good luck with your trading Not traded by me but gives an idea of what I look at: This includes Roadmap so not any old line will do. {image}

Ignored

Updated to stop time for me. Certain lines/levels matter. The box, as many here know, is the only thing drawn after the market opens. Roadmap is still dominant in my decision making.Hope that clears a few things up, and you all have a nice Christmas.
The point I am struggling to make is that. to me, any old line won't do and I hate to infer otherwise.
On top of that a huge challenge for any trader is him/herself. Simple to write thus but one soon finds out how your head is affected when you put real money on the line.

Attached Image (click to enlarge)

Click to Enlarge

Name: GBPUSD_2022-12-14_12-07-10_798a1.png
Size: 152 KB

every Saint has a past. Every Sinner has a Future

#1,235
Dec 14, 2022 9:13am Dec 14, 2022 9:13am

turnip15
Joined Sep 2006 | Status: Trader | 10,704 Posts

And some recent lines. The hourly box ( my new toy thanks to Bluesteele) is not yet drawn in but see. the reaction of price off the 15 minute level drawn prior to open'
Zeppelin

noted on a level -lots of tails for a buy signal