Volman meets Burke or My journey with PA | Page 73 | Forex Factory

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Volman meets Burke or My journey with PA

  • #1,441
  • Jan 6, 2023 12:58am Jan 6, 2023 12:58am
I mentioned over at the Dutchman how the indices are like two different markets. You have the US session and the overnight - Asia and Europe. The latter is where I will be putting my focus on going forward. Even though I like the shorter time frame, I prefer the slow pace of the overnight and how it is a very organized market, for the most part, during this time period. Bottom line - it is easier to trade this time period.

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Mark ... Everything you have been told is a LIE
  • #1,442
  • Jan 6, 2023 3:51am Jan 6, 2023 3:51am
EU (1 MIN) chart, noticed high volume/activity below the PDL and RN. Are they loading longs big time ?? or big sell-off happening? Only time will tell.

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Success = Practice + Patience + Persistence
  • #1,443
  • Jan 6, 2023 9:20am Jan 6, 2023 9:20am
Some red data and another 2 market day

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Mark ... Everything you have been told is a LIE
  • #1,444
  • Jan 6, 2023 9:41am Jan 6, 2023 9:41am
Have been working on trading the Asia to Europe. That is roughly 7 pm to 3 am. Good thing I can get by with 5/6 hours sleep or this week would have been real hard. Most of my losses this week were in the US session. My decision is to make Asia work. Mostly orderly small swings during that period.
Mark ... Everything you have been told is a LIE
  • #1,445
  • Jan 6, 2023 10:09am Jan 6, 2023 10:09am
Going to do some posts titled "How the week should have gone if I listened to myself".
Mark ... Everything you have been told is a LIE
  • #1,446
  • Jan 8, 2023 10:36am Jan 8, 2023 10:36am
A beautiful Sunday morning. I sincerely hope any who read the babblings on this thread are at the least getting some entertainment. Said it before and will say it again, probably many times, this has been an adventure. I am sure a few may have been disappointed when I added the moving averages. But this is my adventure, not theirs. Sadly, I do not have a strict set of rules for this method. Partly because it has never been taken this far. Mostly because every time I try it becomes unwieldy and complicated. So, here is my trading plan. Go long when price is in the buy zone and short when price is in the sell zone.

There, got that out of the way. I think the reason is most trading is subjective decisions (hopefully) based off objective observations.

A LOT of what I post here is for my own benefit. After 24 hours I cannot edit the post (as is true for all of us) and what I said is there. Yes, I go back every weekend and look at everything I did pertaining to trading. A complete review. At this stage it consumes way too much time. But I slodge ahead.

To wrap this up, the rules are in the posts, more or less.
Mark ... Everything you have been told is a LIE
  • #1,447
  • Jan 8, 2023 12:58pm Jan 8, 2023 12:58pm
Made some aesthetic changes which places emphasis on price and the 20 and 60 Hull.

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Mark ... Everything you have been told is a LIE
  • #1,448
  • Jan 8, 2023 2:10pm Jan 8, 2023 2:10pm
Quoting spzd
Made some aesthetic changes which places emphasis on price and the 20 and 60 Hull.
Have you seen that SB has been using 20 ema on 5m for entry ?
  • #1,449
  • Jan 8, 2023 2:15pm Jan 8, 2023 2:15pm
Quoting Lou
{quote} Have you seen that SB has been using 20 ema on 5m for entry ?
Have not watched any of his vids since he brought out his product. I had a gut feeling some things would change. With that ...

Many PA traders use the 20-ema or some close variant. I do not hold this against him. Hell, look at me.
Mark ... Everything you have been told is a LIE
  • #1,450
  • Jan 8, 2023 2:40pm Jan 8, 2023 2:40pm
Quoting spzd
{quote} Have not watched any of his vids since he brought out his product. I had a gut feeling some things would change. With that ... Many PA traders use the 20-ema or some close variant. I do not hold this against him. Hell, look at me.
He explained that he added the 20 as a visual to help traders see/confirm entries.
I have his playbook. It is very thorough ... worth it for my depth of understanding, for the day by day and session BTS , but especially for my understanding of the significance of price action each day, and finding BTS throughout the week.
Whether I can execute... time and trading will tell.
  • #1,451
  • Jan 8, 2023 2:52pm Jan 8, 2023 2:52pm
Quoting Lou
{quote} He explained that he added the 20 as a visual to help traders see/confirm entries. I have his playbook. It is very thorough ... worth it for my depth of understanding, for the day by day and session BTS , but especially for my understanding of the significance of price action each day, and finding BTS throughout the week. Whether I can execute... time and trading will tell.
Best of luck. Do keep us updated on your progress. I assumed it would be a good work on his part. For the price you can't go wrong.

I, as you can see, am walking mostly my own path. Most of the static framework came through Stacey.
Mark ... Everything you have been told is a LIE
  • #1,452
  • Jan 8, 2023 3:28pm Jan 8, 2023 3:28pm
With the 20 and 60 Hull, trading during the slower Asian session, what I am attempting to accomplish is to catch most of the price swings during that time period. These are not huge swings by any imagination. They are large enough to try and trade. Anywhere from 40+ points to 15 points as price gives what it will. This is the open from last week - Monday evening.

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This is what my Asian session is based on. I don't heed much of what goes on in China. All other exchanges are too localized imo.

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Mark ... Everything you have been told is a LIE
  • #1,453
  • Edited 10:12pm Jan 8, 2023 6:48pm | Edited 10:12pm
This is a bank holiday in Japan. It may have some effect on price movements - as in restricting the magnitude of any move, thus potentially keeping things in a smaller range

Or it could just shoot to the moon. How far price will go or how volatile it may be I never know.

10 point range last couple hours.
Mark ... Everything you have been told is a LIE
  • #1,454
  • Jan 9, 2023 11:01am Jan 9, 2023 11:01am
Always looking into things.

Not a huge fan of fibs, but if used in hte right context I think they may have potential.

Flying Dutchman | Page 231 | Forex Factory
Mark ... Everything you have been told is a LIE
  • #1,455
  • Jan 9, 2023 12:24pm Jan 9, 2023 12:24pm
Quoting spzd
Always looking into things. Not a huge fan of fibs, but if used in hte right context I think they may have potential. Flying Dutchman | Page 231 | Forex Factory
Here is a way to use the Fib Tool for direct projection off of a candle set up such as .... engulfing, double high lower close, double low higher close and others you favor . This is 1hr Usd/Chf
Draw the fib tool starting with the O value at one end of the candle and stretch the tool so that the next fib value is at the opposite end of the candle in the direction of the trade. Note the 23.6 line. Resulting levels are price targets.
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  • #1,456
  • Jan 9, 2023 12:35pm Jan 9, 2023 12:35pm
Quoting Lou
{quote} Here is a way to use the Fib Tool for direct projection off of a candle set up such as .... engulfing, double high lower close, double low higher close and others you favor . This is 1hr Usd/Chf Draw the fib tool starting with the O value at one end of the candle and stretch the tool so that the next fib value is at the opposite end of the candle in the direction of the trade. Note the 23.6 line. Resulting levels are price targets. {image}
Interesting. Will run this through the research dept.
Mark ... Everything you have been told is a LIE
  • #1,457
  • Jan 9, 2023 8:13pm Jan 9, 2023 8:13pm
Here is my takeaway on the fib tools.

1. To measure the retracement (for premium/discount, OTE, etc) of the previous move --> fib retracement tool
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2. To measure the potential Stop hunt area / short the structural high ----> Extention ratios of the fib retracement tool
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3. To measure the potential measured move from the previous retracement ---> fib expansion tool (not the extension ratios of the retracement tool)
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Success = Practice + Patience + Persistence
  • #1,458
  • Jan 9, 2023 9:03pm Jan 9, 2023 9:03pm
Quoting fxpider
Here is my takeaway on the fib tools. 1. To measure the retracement (for premium/discount, OTE, etc) of the previous move --> fib retracement tool {image}{image}2. To measure the potential Stop hunt area / short the structural high ----> Extention ratios of the fib retracement tool {image}3. To measure the potential measured move from the previous retracement ---> fib expansion tool (not the extension ratios of the retracement tool) {image}
Thanks. I set my fib so it reads the same either way. Makes life so much easier. I don't use the fib much. Looking into a potential use in conjunction with the first hour box.
Mark ... Everything you have been told is a LIE
  • #1,459
  • Jan 9, 2023 9:14pm Jan 9, 2023 9:14pm
Quoting spzd
{quote} Thanks. I set my fib so it reads the same either way. Makes life so much easier. I don't use the fib much. Looking into a potential use in conjunction with the first hour box.
Me too. I mainly use fib to see above/below 50%.
Success = Practice + Patience + Persistence
  • #1,460
  • Jan 10, 2023 6:48pm Jan 10, 2023 6:48pm
One thing I have noticed in my observations of overnight futures and that is how well, at least from my view, price adheres to the tenets of price action in a very clean and for the most part orderly manner.

Recently I have been at the one minute level again. This time with the five minute. It is working very well so far.

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