Volman meets Burke or My journey with PA | Page 71 | Forex Factory

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Volman meets Burke or My journey with PA

  • #1,401
  • Jan 4, 2023 12:43pm Jan 4, 2023 12:43pm
I did not have a stellar first day yesterday. After my first review (I go over charts a LOT) I have come to two conclusions.

1- It truly is you vs you. I had a number of entries that I botched. And after review I just shake my head.

2- Around the time I decide to quit trading (whenever that be) will be about the time I finally understand price action.
Mark ... Everything you have been told is a LIE
  • #1,402
  • Jan 4, 2023 1:19pm Jan 4, 2023 1:19pm
I think I just figured out how to explain this system. Now, the real question is, can I follow my own instructions? Or am I just a bad student?

I will be making some explanatory posts. For now, it is nap time.
Mark ... Everything you have been told is a LIE
  • #1,403
  • Jan 4, 2023 6:22pm Jan 4, 2023 6:22pm
This was the last video on trading I watched.

Volman meets Burke or My journey with PA | Page 65 | Forex Factory

This was about a week after I started going hybrid. I have taken from others what fits with me and dumped the rest.
Mark ... Everything you have been told is a LIE
  • #1,404
  • Jan 4, 2023 9:05pm Jan 4, 2023 9:05pm
Quoting spzd
I did not have a stellar first day yesterday. After my first review (I go over charts a LOT) I have come to two conclusions. 1- It truly is you vs you. I had a number of entries that I botched. And after review I just shake my head. 2- Around the time I decide to quit trading (whenever that be) will be about the time I finally understand price action.
Hi spzd

Can I ask you to consider a simple idea that maybe it's not actually you v you (allowing for a few stupid trades)
There are many highly intelligence people who get into trading who study TA for years. Some of these people are highly successful individuals who achieve things in the world that are frankly amazing. Their journey into the trading world after studying high quality trading courses then often somehow produces terrible results.

So they are intelligence people who learn all there is to know about price action and trade management theory's yet they still fail?
What the F....K?

you v you - how can that be that so when many intelligent people get it so f...ken wrong?
Come on!

In 2002, a revolution in the trading world began to gather steam that forever damages the financial markets requiring attempts by the US government to try and halt its development. The Algo became smart, found a way to beat the big players at their own game and now controls vast percentages of market share turnover. The war became not the Algo v the human trader but the Algo v Algo which created a period widely known period as the Algo Wars. These algo's started operating in Dark pools away from visible liquidity pools where it was harder to see their coding affect the financial markets.

Its you v you v algo v algo - get used to the idea that blaming yourself for your trading failures does not help the current situation we face. As a modern trader that has to combat Algo's whenever we trade a market, we need to throw away every price action rule we learned at the start and start developing our own set of trading rules to fight back against the Algo's or we have only a slim chance of survival.

Good Luck
Trading thin liquidity at the boundary of the charts
  • #1,405
  • Jan 4, 2023 9:12pm Jan 4, 2023 9:12pm
This is an example of a MA squeeze entry.

The MT-H is moving down and the ST-H is moving up. The two long term MAs, the EMA and LT-H, are set up for down. Price is below the PDC. Price came off the LT-H and moved up to the MT-H. It did not break MS. Price then moved down to close below the ST-H. This is the entry.

Attached Image (click to enlarge)
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Mark ... Everything you have been told is a LIE
  • #1,406
  • Jan 4, 2023 9:59pm Jan 4, 2023 9:59pm
Quoting RickM
{quote} Hi spzd Can I ask you to consider a simple idea that maybe it's not actually you v you (allowing for a few stupid trades) There are many highly intelligence people who get into trading who study TA for years. Some of these people are highly successful individuals who achieve things in the world that are frankly amazing. Their journey into the trading world after studying high quality trading courses then often somehow produces terrible results. So they are intelligence people who learn all there is to know about price action and trade management...
Thanks for the well wishes

It's me vs me in that I have certain entry criteria, which when I stick to it I should have a fairly high hit rate. So there is my you vs you issues are. I am sure, if you are honest, you could list a few yourself.

The #ALGO

I'm not at war with it. In fact, most of my entries are to be with it. Part of the dance. I want to be a partner just for my trades. Here happens to be an example ...

Volman meets Burke or My journey with PA | Page 71 | Forex Factory

I have no interest to try and challenge the algos at their own game.

Take Care
Mark ... Everything you have been told is a LIE
  • #1,407
  • Jan 4, 2023 10:01pm Jan 4, 2023 10:01pm
And that one trade brought me into positive territory. Even after my dismal day yesterday.
Mark ... Everything you have been told is a LIE
  • #1,408
  • Jan 4, 2023 11:30pm Jan 4, 2023 11:30pm
I did not take them. Two more potential entries. With the ST-Hull, many times, when price crosses from one side of the ST-H to the other side it will then move in that direction. Here price crosses at 1 for a potential entry of abt 10 pts with the MT-H as target. The 2nd has an alternative entry. If you are not comfortable with an entry on the MA the entry comes on the next bar. The ST-H and MT-H are in long position and with the previous bull bar the momentum is in our favor. You could have gotten up to abt 30 pts.

Attached Image (click to enlarge)
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Mark ... Everything you have been told is a LIE
  • #1,409
  • Jan 5, 2023 12:14am Jan 5, 2023 12:14am
Quoting RickM
{quote} The Algo became smart, found a way to beat the big players at their own game and now controls vast percentages of market share turnover. The war became not the Algo v the human trader but the Algo v Algo which created a period widely known period as the Algo Wars. These algo's started operating in Dark pools away from visible liquidity pools where it was harder to see their coding affect the financial markets. Its you v you v algo v algo - get used to the idea that blaming yourself for your trading failures does not help the current situation...
Good points made Rick. And good posts spzd.

One's observation of price is telling. Price action alone particularly at low time frames is questionable. Net winning traders are higher timeframe traders along with the big money that can wait out drawdowns. A small amount of low time frame traders do well but most make their brokers wealthy.
  • #1,410
  • Jan 5, 2023 12:21am Jan 5, 2023 12:21am
Here is a Volman squeeze. This is where price is squeezed between a trendline and an MA or some static level. The entry would be one of the two bars after the red data. The vertical green arrow points out the optimal spread of the MAs.

This is a classic MA type entry and should be jumped on when the opportunities arise. These types of entries are not that common in the indices (at least I have not seen that many).

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Mark ... Everything you have been told is a LIE
  • #1,411
  • Jan 5, 2023 12:22am Jan 5, 2023 12:22am
Quoting FocusWinReal
{quote} Good points made Rick. And good posts spzd. One's observation of price is telling. Price action alone particularly at low time frames is questionable. Net winning traders are higher timeframe traders along with the big money that can wait out drawdowns. A small amount of low time frame traders do well but most make their brokers wealthy.
I accept the challenge of disproving this. At least for me.

That is kind of the attitude the machine wants most retail traders to have. Or something along those lines. Me, I don't even think about that stuff. I also don't think about buyers and sellers. Especially when I am fairly certain none of us matter in the entire buy/sell price movement thing anyway. I call it the #ALGO What it truly is really doesn't matter. What does matter is if you can find a way to capitalize on this entire thing. I believe I have. May need a touch of polish, but this is it. This is my version of figuring out the mysterious Big Boys. And when performed correctly (really not all that hard - just hard to explain) it is very reliable. My key to the #ALGO

Mark ... Everything you have been told is a LIE
  • #1,412
  • Jan 5, 2023 12:49am Jan 5, 2023 12:49am
Quoting spzd
{quote} I accept the challenge of disproving this. At least for me. That is kind of the attitude the machine wants most retail traders to have. Or something along those lines. Me, I don't even think about that stuff. I also don't think about buyers and sellers. Especially when I am fairly certain none of us matter in the entire buy/sell price movement thing anyway. I call it the #ALGO What it truly is really doesn't matter. What does matter is if you can find a way to capitalize on this entire thing. I believe I have. May need a touch of polish,...
You are working hard at it so no doubt you'll achieve good things. The ma's help.
  • #1,413
  • Jan 5, 2023 1:00am Jan 5, 2023 1:00am
Aud sure has been volatile. Well over ADR for two days. Today looks nicer. 44 pip Asian range.
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  • #1,414
  • Jan 5, 2023 7:29am Jan 5, 2023 7:29am
Quoting spzd
{quote} I accept the challenge of disproving this. At least for me. That is kind of the attitude the machine wants most retail traders to have. Or something along those lines. Me, I don't even think about that stuff. I also don't think about buyers and sellers. Especially when I am fairly certain none of us matter in the entire buy/sell price movement thing anyway. I call it the #ALGO What it truly is really doesn't matter. What does matter is if you can find a way to capitalize on this entire thing. I believe I have. May need a touch of polish,...
That was my point, you need to build your own rules from the ground up and discard all the rubbish you learned from the beginning.
Best of luck.
Trading thin liquidity at the boundary of the charts
  • #1,415
  • Jan 5, 2023 7:53am Jan 5, 2023 7:53am
Quoting RickM
{quote} That was my point, you need to build your own rules from the ground up and discard all the rubbish you learned from the beginning. Best of luck.
If that is the case, then I think I am doing just that.

Take care
Mark ... Everything you have been told is a LIE
  • #1,416
  • Jan 5, 2023 8:10am Jan 5, 2023 8:10am
Something to ponder ...


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Mark ... Everything you have been told is a LIE
  • #1,417
  • Jan 5, 2023 8:41am Jan 5, 2023 8:41am
Not sure how many realize this, many of the data releases look good, in fact they look like there are no economic issues. The markets, on the other hand, are not showing any signs that the hopium of the headlines would make things appear. Reality is, the economy continues in spite of the vast intervention placed on it by the parasite class - the so called elite and politicians. Hell, this massive inflation was put into motion the second Biden shut down the Keystone pipeline. None of the current issues result from the average person. There is no demand side inflation. The large job growth is an illusion of the artificial job losses, created by politicians. See where this is going. Yet, most on this site continue to put all their trust in those same people.

Feel better now.
Mark ... Everything you have been told is a LIE
  • #1,418
  • Jan 5, 2023 8:51am Jan 5, 2023 8:51am
Waiting on the first hour block. When price zooms off like this, everything tends to get out of balance in relation to it. Especially if the day becomes only one direction. The entries become more difficult at times. What you like to see is the brief sideways to other direction moments.
Mark ... Everything you have been told is a LIE
  • #1,419
  • Jan 5, 2023 8:52am Jan 5, 2023 8:52am
Quoting spzd
Not sure how many realize this, many of the data releases look good, in fact they look like there are no economic issues. The markets, on the other hand, are not showing any signs that the hopium of the headlines would make things appear. Reality is, the economy continues in spite of the vast intervention placed on it by the parasite class - the so called elite and politicians. Hell, this massive inflation was put into motion the second Biden shut down the Keystone pipeline. None of the current issues result from the average person. There...
Whats that about Mark?
every Saint has a past. Every Sinner has a Future
  • #1,420
  • Jan 5, 2023 8:55am Jan 5, 2023 8:55am
With no higher priority data today this could also become a range scenario. I just base everything on the moment and make the only prognostication that counts when I get an entry.
Mark ... Everything you have been told is a LIE
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