Volman meets Burke or My journey with PA | Page 66 | Forex Factory

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Volman meets Burke or My journey with PA

  • #1,301
  • Dec 21, 2022 2:35pm Dec 21, 2022 2:35pm
Quoting spzd
{quote}
No 4 & 5 are the head scratchers and occasional language warnings. Keeping everything simplistic is what has gotten me this far and I believe it is the correct way to view the markets. Even when I am not making a trade I am thinking where I might make one. I am fascinated with the structure and how they move price to fill that structure. And no, it has nothing to do with volume or Bob buying and Brad selling.

Ain't that the truth
  • #1,302
  • Dec 21, 2022 3:23pm Dec 21, 2022 3:23pm
Weather sucks ...

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Mark ... Everything you have been told is a LIE
  • #1,303
  • Dec 22, 2022 9:55pm Dec 22, 2022 9:55pm
Lost the internet for a bit today. Glad I wasn't trading. Will be posting some more stuff about my system. I know it is MA priority, but it is fairly good. Not perfect. Not sure how to achieve that.

If you can tolerate moving averages and my quirky way of looking at the markets, perhaps we can make some money in the near future. Because I plan on doing just that.
Mark ... Everything you have been told is a LIE
  • #1,304
  • Dec 23, 2022 3:12am Dec 23, 2022 3:12am
Quoting spzd
GJ Tuesday. Take note of the first hour blocks (FHB-A/L/N (A=Asian/L=London/N=New York) <needed to call it something and give it an anacronym>). I also pointed out some possible entry points using my method. {image}
The smallest ma looks useful for scalping Al Brookes style
every Saint has a past. Every Sinner has a Future
  • #1,305
  • Edited 9:43am Dec 23, 2022 9:19am | Edited 9:43am
Quoting turnip15
{quote} The smallest ma looks useful for scalping Al Brookes style
They're all useful. I will be 'splaining.
Mark ... Everything you have been told is a LIE
  • #1,306
  • Dec 25, 2022 5:45am Dec 25, 2022 5:45am
Merry Christmas

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Mark ... Everything you have been told is a LIE
  • #1,307
  • Dec 25, 2022 11:11am Dec 25, 2022 11:11am
Went back to the Patrick Star avatar. It is more suitable to how I sometimes think of what I do and likely how others think of some of my theories. All is good.
Mark ... Everything you have been told is a LIE
  • #1,308
  • Dec 25, 2022 3:52pm Dec 25, 2022 3:52pm
I think catching the flu was essential at the time. I was seriously going deep and I think I was on the verge of possibly losing my way. And at just the wrong time. So along comes the crud and everything comes to an instant halt. At some point of that week I had a few ideas and enough strength at odd hours to check quickly what I was thinking.

One was to change to the Nasdaq for after hours trading. This resulted in larger per point moves giving more room to trade at that time. The other was to incorporate my Hull MA method/system. After seeing how the basic worked within the framework that I had developed from knowledge learned from many, here on FF and elsewhere. A few minor tweaks and I am there. Most won't follow due to the nature of what I am about to put forth. I understand as much of the final confirmations (though not necessarily the entry) are MA crosses and I am well aware what many think of that. Then you have that followed with the auto types. Being over here in the journal section should alleviate that.

I spent the better part of 5 months immersed in the markets, specifically over that time the GBP_USD and the US equity indices. I learned a lot. But there came a point where I realized I had a long way to go. I started to add in the ema as other "gurus" I was reading and watching use trying not to stray too far from the goal of learning PA. Somewhere in this time I realized I had learned quite a bit about PA when it came to levels and the "what causes price movement" debate is what brought me to this form of PA. Then the crud came along and definitely changed my path to the hybrid method I plan to use. Over the weekend I did a final tweak and I am ready to test my methodology.
Mark ... Everything you have been told is a LIE
  • #1,309
  • Dec 25, 2022 6:10pm Dec 25, 2022 6:10pm
As I have made it clear before, I don't give much heed to conventional definitions for how price moves, ie; volume, liquidity zones, buyers/sellers, whatever. None of it matters to me. All I need is enough volume to cover what I trade and that is minimal. The other common thing is to zoom out in search of support/resistance areas. Based on what I look for all I need is on the one 5-minute chart. I use price and its derivatives moving averages and the relationship between the two. This leads to a couple of concepts that work together. These concepts were both mentioned by one or more of the "gurus" I have read or watched. I just put my spin on them together.

I call these concepts the theory of equilibrium and the principle of attraction and rejection.

The theory of equilibrium is simply price being at a specific point. These points could be levels or moving averages. I consider the moving average to be where price would like to be, but for whatever reasons is not most of the time.

The principle of attraction and rejection is where a level or point either attracts or rejects price. One way to think of that point is as a magnet that attracts and rejects price.

These two work together and are an essential component for how I look at price movement. Which to me makes as much sense as volume or bob and bill buying and selling.
Mark ... Everything you have been told is a LIE
  • #1,311
  • Dec 25, 2022 6:15pm Dec 25, 2022 6:15pm
Quoting bluesteele
{quote} Merry Christmas Mark hope your having a relaxing evening Excellent Mark ! MAs tell a story and are used by many.. Many great repeatable setups occur with MAs..I use the 8EMA channel the 20 50 and 200...Not on all my charts or setups but I have uses for them and setups with them. What it boils down to is Finding Setups..Setups with context/confluence using tools such as MAs as an ex,,with other factors. When we find these setups as repeatable patterns then we have something... AS long as it works for you makes sense to you...Who gives...
Lots of patterns that result in entries using MAs. Doing this has been the final piece I needed. I have a good understanding of MAs and am liking how everything fits in the framework of the levels and time. All a highly choreographed dance move.
Mark ... Everything you have been told is a LIE
  • #1,312
  • Dec 25, 2022 7:20pm Dec 25, 2022 7:20pm
Quoting bluesteele
{quote} Merry Christmas Mark hope your having a relaxing evening Excellent Mark ! MAs tell a story and are used by many.. Many great repeatable setups occur with MAs..I use the 8EMA channel the 20 50 and 200...Not on all my charts or setups but I have uses for them and setups with them. What it boils down to is Finding Setups..Setups with context/confluence using tools such as MAs as an ex,,with other factors. When we find these setups as repeatable patterns then we have something... AS long as it works for you makes sense to you...Who gives...
Curious about the 50 ... what are you expecting it to tell you ?
  • #1,313
  • Dec 26, 2022 6:02am Dec 26, 2022 6:02am
Quoting Lou
{quote} Curious about the 50 ... what are you expecting it to tell you ?
I think the 50 tells you as much as the open or the high or the low, if you listen to it.
Mark ... Everything you have been told is a LIE
  • #1,314
  • Dec 26, 2022 9:01am Dec 26, 2022 9:01am
With the MNQ - micro e-mini Nasdaq100 - I look to only trade it during the Asian session. I know, why with all the larger point opportunities at other times. The Asian session is a much slower pace than the other sessions, especially the US. I chose the MNQ for this session because, frankly, the MES does not move enough during Asia. This will also allow me to refine my entries using the Hulls.

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Mark ... Everything you have been told is a LIE
  • #1,315
  • Dec 26, 2022 9:18am Dec 26, 2022 9:18am
Interesting thought this morning at what would have been the NY open ( My broker O and a is closed today. Also on Jan 2nd .) I didn't know they would be closed. So....Was I relieved ? Why an emotion of relief ? . If so what does that mean ? I need to evaluate this.
Does give me extra time though. to get other pending things done.. Especially more time to read SB Playbook.
  • #1,316
  • Dec 26, 2022 9:34am Dec 26, 2022 9:34am
Quoting Lou
Interesting thought this morning at what would have been the NY open ( My broker O and a is closed today. Also on Jan 2nd .) I didn't know they would be closed. So....Was I relieved ? Why an emotion of relief ? . If so what does that mean ? I need to evaluate this. Does give me extra time though. to get other pending things done.. Especially more time to read SB Playbook.
Thinking that is your subconscious perhaps trying to tell you something. Go over everything and make sure all is OK.
Mark ... Everything you have been told is a LIE
  • #1,317
  • Dec 26, 2022 12:19pm Dec 26, 2022 12:19pm
Here is the same chart clear of any mark-up and the other with the dynamic MAs and static price levels annotated.

One thing to observe is the reaction between price and the MAs.

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Mark ... Everything you have been told is a LIE
  • #1,318
  • Dec 26, 2022 5:32pm Dec 26, 2022 5:32pm
I think the indices were created for scalping. Yeah, you can trade them longer term, but until you see the movement on like the 5-minute. I use scalping in this case loosely. I am shooting for 10 points a trade. The indices have what I call memory. That is the algo is very precise. I consider precise within a couple ticks.

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Mark ... Everything you have been told is a LIE
  • #1,319
  • Dec 26, 2022 6:03pm Dec 26, 2022 6:03pm
Sideways moves across the Hull do not always result in a successful trade. With the 60-Hull above I usually expect that to give sufficient resistance. MAs are what I consider dynamic S/R. Just because the support or resistance is there is no guarantee of it holding. That must always be accepted.


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Mark ... Everything you have been told is a LIE
  • #1,320
  • Dec 26, 2022 6:19pm Dec 26, 2022 6:19pm
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Mark ... Everything you have been told is a LIE
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