Volman meets Burke or My journey with PA | Page 74 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Understanding Price Action by Bob Volman (notes and examples) 100 replies

Volman Style (70-tick chart) 751 replies

The Dissent Channel: Volman Price Action 33 replies

Bob Volman & TMT System 16 replies

pls share your journey 10 replies

Attachments: Volman meets Burke or My journey with PA
Exit Attachments

Volman meets Burke or My journey with PA

  • #1,461
  • Jan 10, 2023 5:45pm Jan 10, 2023 5:45pm
Identical chart (EU and GU), are they setting up for a FB or BO ???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-01-11_12-41-16.png Size: 27 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2023-01-11_12-35-15.png Size: 27 KB
Success = Practice + Patience + Persistence
  • #1,462
  • Jan 10, 2023 5:57pm Jan 10, 2023 5:57pm
Quoting fxpider
Identical chart (EU and GU), are they setting up for a FB or BO ??? {image}{image}
Either way they most likely both be the same. Direction? Not a clue.
Mark ... Everything you have been told is a LIE
  • #1,463
  • Jan 10, 2023 6:07pm Jan 10, 2023 6:07pm
Quoting spzd
{quote} Either way they most likely both be the same. Direction? Not a clue.
According to SB's template, a perfect setup for a final push-up and followed by a . Just saying....LOL
Success = Practice + Patience + Persistence
  • #1,464
  • Jan 10, 2023 6:14pm Jan 10, 2023 6:14pm
Quoting fxpider
{quote} According to SB's template, a perfect setup for a final push-up and followed by a . Just saying....LOL
What I was thinking too
  • #1,465
  • Jan 10, 2023 6:20pm Jan 10, 2023 6:20pm
Quoting fxpider
{quote} According to SB's template, a perfect setup for a final push-up and followed by a . Just saying....LOL
The wtf day it is template.

I could never get a grip on that. As many of his 3 pushes were actually 2 pushes and it was all over the place so I gave up on that as it was not in what I was looking for. Most of the rest I got from him could have come from someone else but he put it in terms that I could understand. Highs, lows, sessions. Then add some more things and I realized - I could read the levels and all that, I was not confident enough in my ability to properly determine direction off just price. Since I come from an indi background specifically moving average system, I had been working on a multi-Hull MA system and put the basics on my charts.

And to my pleasant surprise it fit. I have done some fine tuning tweaks and I now have a method/system that fits my trading personality. And it was all developed here in front of everyone.

It is short term as I have trouble when I see squirrels ...
Mark ... Everything you have been told is a LIE
  • #1,466
  • Jan 10, 2023 6:23pm Jan 10, 2023 6:23pm
Quoting spzd
{quote} The wtf day it is template. I could never get a grip on that. As many of his 3 pushes were actually 2 pushes and it was all over the place so I gave up on that as it was not in what I was looking for. Most of the rest I got from him could have come from someone else but he put it in terms that I could understand. Highs, lows, sessions. Then add some more things and I realized - I could read the levels and all that, I was not confident enough in my ability to properly determine direction off just price. Since I come from an indi background...
And it is working fairly well. 5/6 tonight. All about execution at the correct time.

bada bing, bada boom
Mark ... Everything you have been told is a LIE
  • #1,467
  • Jan 10, 2023 6:28pm Jan 10, 2023 6:28pm
Quoting spzd
{quote} The wtf day it is template. I could never get a grip on that. As many of his 3 pushes were actually 2 pushes and it was all over the place
I completely agree with you. It's very confusing. I am giving it a one last push. ( as SB says 1 push, 2 push, 3 push)........ b4 deciding that his day counting is not my cuppa.
Success = Practice + Patience + Persistence
  • #1,468
  • Jan 11, 2023 9:47am Jan 11, 2023 9:47am
In these few months I have had some really good trades. Mostly it has been a slow bleed putting all this together. I realized I needed a stricter "rules" policy. In the search for better entries, I placed the 1-minute next to the 5-minute, with the MA parameters adjusted to be equivalent to what I have on the 5-minute. Then observe. Observation periods are much quicker when you already know what you are looking for, just want to verify. And it was as I suspected. It is all about the timing.

Sadly (for my accounts) I have never been a disciplined trader. So, the you vs you thing is a fact. It is the ONE thing that will make or break your trading. And I am 99.9% sure it is the one thing that has kept me from any success in this business.

When I decided to take this plunge, I thought things would go along much faster than they have. Alas, I had to learn more than I thought. Along the way I put together a solid static framework over almost 5 months. I still could not get the entries down. Many would say, "no big deal, learn to deal with slightly bigger draw down" and all that. Can't. My psychology will not allow that. Spent about a month plus figuring out this dilemma.

Then I caught the crud. And it put me down for about a week. Somewhere in there I had the idea to dig up my unfinished Hull MA thing I have been working off and on for a few years. You would think, "it's just freaken moving averages what's the problem". Well, it's complicated. The MAs are only part of the mess I was attempting to create.

A little over a month after that brings us to this week. It started rough Sunday. Monday at the beginning was looking no better. Then I had a flog lifting moment. And ended the night regaining some of the losses. Tuesday night and I am ready. I spent much of the day in study and research. In the end I had increased my account about 3.5% in 3 hours.

I am again 99.9% confident that I have turned the corner. I know what my primary entries will be. Still need to work on myself.
Mark ... Everything you have been told is a LIE
  • #1,469
  • Jan 11, 2023 10:04am Jan 11, 2023 10:04am
This morning trading the GU for 10 pip moves I fully accepted the reality that I am content with this style of short-term trading. I am more than willing to take 10 to 20 pips or 2 to 5 points on the MES or 10 to 20 points in the evening on the MNQ. Do this a few times a day and you have the same, perhaps more, than most longer-term traders. Fits my personality almost to a T.
Mark ... Everything you have been told is a LIE
  • #1,470
  • Jan 11, 2023 10:18am Jan 11, 2023 10:18am
Bond auction

Quoting spzd
Bond auction
Followed by:

Fed's Collins backs slowdown as support mounts for smaller rate move - NYT | Forex Factory
Mark ... Everything you have been told is a LIE
  • #1,471
  • Jan 11, 2023 10:54am Jan 11, 2023 10:54am
Quoting spzd
{quote} The wtf day it is template. I could never get a grip on that. As many of his 3 pushes were actually 2 pushes and it was all over the place so I gave up on that as it was not in what I was looking for. Most of the rest I got from him could have come from someone else but he put it in terms that I could understand. Highs, lows, sessions. Then add some more things and I realized - I could read the levels and all that, I was not confident enough in my ability to properly determine direction off just price. Since I come from an indi background...
And likewise when I see imaginary Fair Value Gaps !!
every Saint has a past. Every Sinner has a Future
  • #1,472
  • Jan 11, 2023 10:55am Jan 11, 2023 10:55am
Price crossing the 20-Hull.

Then bring in the other filters and variables.

Yes or No.
Mark ... Everything you have been told is a LIE
  • #1,473
  • Jan 11, 2023 11:01am Jan 11, 2023 11:01am
Reminder, because sometimes people get triggered, everything I say is my viewpoint. It works for me. And in this business, that is the only reality that matters.
Mark ... Everything you have been told is a LIE
  • #1,474
  • Jan 11, 2023 11:08am Jan 11, 2023 11:08am
Quoting turnip15
{quote} And likewise when I see imaginary Fair Value Gaps !!
I know. I gave Mr Burke a fair shot. He did help me immensely and is one of the sources for my static framework. Was very fuzzy about some topics that he initiated.

I know better than to start down the ICT hole. I may never come back to the surface.

I have most of the kinks worked out of my method. It works. not perfect, then what is aside from dark beer.

I will be posting the "rules".
Mark ... Everything you have been told is a LIE
  • #1,475
  • Jan 11, 2023 11:22am Jan 11, 2023 11:22am
Quoting spzd
{quote} I know. I gave Mr Burke a fair shot. He did help me immensely and is one of the sources for my static framework. Was very fuzzy about some topics that he initiated. I know better than to start down the ICT hole. I may never come back to the surface. I have most of the kinks worked out of my method. It works. not perfect, then what is aside from dark beer. I will be posting the "rules".
Hi spzd
I've been dropping in and out to follow your thread as a lot of what you're saying resonates with my own experiences. Regarding SB, he has some very useful content and I'm certainly much better at understanding what HAS happened, but I struggle to get decent entries using his approach.
Looking forward to learning how you use HMA, it might be a missing link.
Cheers
  • #1,476
  • Jan 11, 2023 11:26am Jan 11, 2023 11:26am
Example: 2 late day "scalps". First 5 points. Second 4 points.

Point A Price crossed the 20-Hull then did a little pullback thing that it is wont to do. Entries and stops need to take this into consideration. As price does it can just go down with a 2 tick pullback. Not overly concerned with the 60-Hull because price does what it did here often. Stop at end of bar. Go at the next bar.

Point B When it hit the 70 level, through and started back. Close.

Point C Price makes a half-assed pin type bar. Came after the 20 crossed the 60 above. Worth a shot. Also being the second time - which I think is the more appropriate number - it has a better percentage to cross the 60-Hull.

Point D Target. LT-Hull.

The box is the Fed tweet reaction.


Attached Image (click to enlarge)
Click to Enlarge Name: 2023-01-11_131039-2quickscalps.png Size: 43 KB
Mark ... Everything you have been told is a LIE
  • #1,477
  • Jan 11, 2023 11:30am Jan 11, 2023 11:30am
Quoting TableTop
{quote} Hi spzd I've been dropping in and out to follow your thread as a lot of what you're saying resonates with my own experiences. Regarding SB, he has some very useful content and I'm certainly much better at understanding what HAS happened, but I struggle to get decent entries using his approach. Looking forward to learning how you use HMA, it might be a missing link. Cheers
Glad you are here.

That was my problem. I was having trouble finding entries. What I am doing is definitely focused on short-term. It works. When used with PA and S/R it fits right in.
Mark ... Everything you have been told is a LIE
  • #1,478
  • Jan 11, 2023 11:31am Jan 11, 2023 11:31am
This also works on currencies. I focus on the GBP_USD.
Mark ... Everything you have been told is a LIE
  • #1,479
  • Jan 11, 2023 11:48am Jan 11, 2023 11:48am
I am also looking at a longer-term version. Thinking Daily or 4-hour. To attempt to trade more currencies.
Mark ... Everything you have been told is a LIE
  • #1,480
  • Jan 11, 2023 2:57pm Jan 11, 2023 2:57pm
Quoting fxpider
{quote} According to SB's template, a perfect setup for a final push-up and followed by a . Just saying....LOL
Meaning what exactly?
0 traders viewing now