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Volman meets Burke or My journey with PA

  • #1,481
  • Jan 11, 2023 5:25pm Jan 11, 2023 5:25pm
Quoting jgoins22
{quote} Meaning what exactly?
Based on the "template" today was supposed to be an up, because of the pushes theory, day followed by an explosive move usually to the downside.
Mark ... Everything you have been told is a LIE
  • #1,482
  • Jan 11, 2023 5:28pm Jan 11, 2023 5:28pm
Quoting jgoins22
{quote} Meaning what exactly?
Ended up being more sideways as there is no news - which they use to move price - and the next news is Thursday am US CPI.
Mark ... Everything you have been told is a LIE
  • #1,483
  • Jan 11, 2023 6:59pm Jan 11, 2023 6:59pm
Tight range on the MNQ. Missed the GJ quick 30. Was eating dinner. Not good timing this evening, but things are looking a bit slow so it's a wash.
Mark ... Everything you have been told is a LIE
  • #1,484
  • Jan 11, 2023 7:10pm Jan 11, 2023 7:10pm
MNQ

20-Hull is flat. 10 point range for 3 hours. Nothing to see here. Literally.

Attached Image (click to enlarge)
Click to Enlarge Name: MNQH23M5-tightrange.png Size: 20 KB
Mark ... Everything you have been told is a LIE
  • #1,485
  • Jan 11, 2023 7:30pm Jan 11, 2023 7:30pm
The basic theory for entries is when price opens on the other side of the 20-Hull. Analyzed within the context of time and other variables.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ-30.png Size: 22 KB
Mark ... Everything you have been told is a LIE
  • #1,486
  • Jan 11, 2023 7:49pm Jan 11, 2023 7:49pm
Example of a slider. A slider is where a shorter MA 'slides" over/under a longer MA. Need to have price close by. Potential entry zone with a tight stop.


Attached Image (click to enlarge)
Click to Enlarge Name: 2023-01-11_194346-slider.png Size: 41 KB
Mark ... Everything you have been told is a LIE
  • #1,487
  • Jan 11, 2023 7:50pm Jan 11, 2023 7:50pm
Quoting spzd
Example of a slider. A slider is where a shorter MA 'slides" over/under a longer MA. Need to have price close by. Potential entry zone with a tight stop. {image}
This one did not go anywhere as of now. Abt 5 pts.
Mark ... Everything you have been told is a LIE
  • #1,488
  • Jan 11, 2023 7:52pm Jan 11, 2023 7:52pm
Need to pay more attention over here. GJ pullback retest off the 20-Hull.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ-pullback entry off 20-hull.png Size: 50 KB
Mark ... Everything you have been told is a LIE
  • #1,489
  • Jan 11, 2023 7:56pm Jan 11, 2023 7:56pm
Quoting spzd
Need to pay more attention over here. GJ pullback retest off the 20-Hull. {image}
Went a little over 20 pips. Can do this stuff all day long. (Really need to pay closer attention.)
Mark ... Everything you have been told is a LIE
  • #1,490
  • Jan 11, 2023 7:58pm Jan 11, 2023 7:58pm
Quoting spzd
{quote} Went a little over 20 pips. Can do this stuff all day long. (Really need to pay closer attention.)
Seriously, abt 60 pips, 3 trades this evening. I will be paying closer attention to this. I may just salvage this prop account eval.
Mark ... Everything you have been told is a LIE
  • #1,491
  • Jan 11, 2023 8:01pm Jan 11, 2023 8:01pm
Another possible pullback short GJ.
Mark ... Everything you have been told is a LIE
  • #1,492
  • Jan 11, 2023 8:02pm Jan 11, 2023 8:02pm
Quoting spzd
Another possible pullback short GJ.
And I would be stopped.
Mark ... Everything you have been told is a LIE
  • #1,493
  • Jan 11, 2023 8:03pm Jan 11, 2023 8:03pm
Quoting spzd
{quote} And I would be stopped.
It should go with little pullback or I will be out fast.
Mark ... Everything you have been told is a LIE
  • #1,494
  • Jan 11, 2023 8:25pm Jan 11, 2023 8:25pm
MNQ trying again. I have a window of time in which I trade. Tokyo actually goes to lunch. Around 2130 my time. If a possible entry presents itself ..

At BE+ (abt 1/2 pt - 2 ticks) fast and see what happens.


Attached Image (click to enlarge)
Click to Enlarge Name: 2023-01-11_202011-try again.png Size: 17 KB



And it failed.
Mark ... Everything you have been told is a LIE
  • #1,495
  • Jan 11, 2023 8:30pm Jan 11, 2023 8:30pm
Quoting spzd
MNQ trying again. I have a window of time in which I trade. Tokyo actually goes to lunch. Around 2130 my time. If a possible entry presents itself .. At BE+ (abt 1/2 pt - 2 ticks) fast and see what happens. {image} And it failed.
Could have waited on the little pullback. Not saying it will zoom down (edit: and it did not). Price, after a cross of the 20-Hull will often retrace back to/towards the MA. In a more "normal" evening this would likely have moved. Not sure how far the powers that be will let this go.
Mark ... Everything you have been told is a LIE
  • #1,496
  • Jan 11, 2023 8:32pm Jan 11, 2023 8:32pm
Done with the MNQ for the evening. If it does something now it will be without me.
Mark ... Everything you have been told is a LIE
  • #1,497
  • Jan 11, 2023 8:37pm Jan 11, 2023 8:37pm
MA setup for the M5/M1

M5
20-Hull
60-Hull
240-Hull
300-ema

M5
100-Hull (= 20)
300-Hull (= 60)
1200-Hull (= 240)
1600-ema (= 300)
Mark ... Everything you have been told is a LIE
  • #1,498
  • Jan 11, 2023 8:47pm Jan 11, 2023 8:47pm
Hi Mark,

The MNQ I don't even have on my platform I dont' think lol. I thought it might be USTEC but the price there is close but slightly off by comparison.

The GJ was the interesting one this morning for me (UJ also I guess).
With the next session/part of market mechanics (I would call them mm #103 hahaa) are the expansions.

Where the expansion is from a prior reecent range (and a larger range, so not quite a tight Inflection like on your MNQ above, but how GJ has been for the past 2 days, imho) as it then warms up traders for a serious breakout at some point as i remember it - usually in New York session lol as I dont see them to the next day).

When expansions begin (George was right on for sure with this part of the mechanics imho) is that the expansion has new distance (ie in pips but NOT a full blown breakout or grind yet) and as such can be traded back into range imo. Today in Asia the 'new' sellers got all fired up and the market ran, but probably needed to balance its own ledger (ie too hot on the sells) with the pullbacks then coming in, in stages, (three stages sometimes a bit like like SB but I cannot follow those as any numerical function, so I just watch the PA around my TA). With GJ this morning I was in & out on buys back into range on a few trades & picked up just on 30p so my morning is done and I would now look in later for pre-Franky hoping the price is then at a new structure point (ie back to the asia beginning or maybe dropped even further, and therefore giving new trade entry possibilities).

MNQ. However, just from a visual on your MNQ well that IS inflection to me lol hahaaa so something WILL happen, just that we dont know when, precisely.
We will see it as it happens though, then a stall and pullback and after that if its a real inflection then off the price goes to a new level again for a while.

Fun watching it all though, but I'm out for the morning and will slip back later.

(cheers for posting the info on Jeff Beck on the music thread, I hadn't seen that news yet, thank you)
  • #1,499
  • Jan 11, 2023 9:14pm Jan 11, 2023 9:14pm
Quoting TimeTells
Hi Mark, The MNQ I don't even have on my platform I dont' think lol. I thought it might be USTEC but the price there is close but slightly off by comparison. The GJ was the interesting one this morning for me (UJ also I guess). With the next session/part of market mechanics (I would call them mm #103 hahaa) are the expansions. Where the expansion is from a prior reecent range (and a larger range, so not quite a tight Inflection like on your MNQ above, but how GJ has been for the past 2 days, imho) as it then warms up traders for a serious breakout...
Hey Pete,

MNQ = micro e-mini Nasdaq sister to MES = micro e-min S&P These are the micro futures for the Nas100 and SP100.

Yes. Even though I use these MAs, a lot of the decision making centers around PA. I made note today in a correction about this week being flat. Everyone waiting to see what the inflation numbers are going to be for the big dog (US).

For me, as I only glance at the bigger pic before I start, is how price progresses within the time period I have chosen. Start with a pre-session potential then let the first hour get set and work from there as price progresses to establish its boundaries for this period. In all this process I have my little overlay that allows me to better read what price is saying.

Once I saw how I need to trade this I truly experienced a feeling of peace at a job accomplished. Now to make it work.

Take care

ps: The fractal nature of the markets makes things so much easier. Price behaves in my little windows on the time frames I have arbitrarily chosen pretty much the same as any random market or time frame I can pull up. Reduces the amount of thinking which can be a serious detriment when trading.
Mark ... Everything you have been told is a LIE
  • #1,500
  • Jan 11, 2023 9:36pm Jan 11, 2023 9:36pm
Quoting spzd
{quote}
Hey Pete, MNQ = micro e-mini Nasdaq sister to MES = micro e-min S&P These are the micro futures for the Nas100 and SP100.
Yes. Even though I use these MAs, a lot of the decision making centers around PA.
Once I saw how I need to trade this I truly experienced a feeling of peace at a job accomplished.
Now to make it work. Take care ps: The fractal nature of the markets makes things so much easier. Price behaves in my little windows on the time frames I have arbitrarily chosen pretty much the same as any random...


Ahhh yes I get it now, cheers for the update on the micro e-minis/futures.

And yes ma's are absolutely great for the visuals for sure, while with PA then used as the decision making centre.

Once you saw !
Great phrase.
You don't know how good it is for me to hear words like this, as I firmly believe once we "see what we always needed to see" about all this stuff,
that we will never NOT see it again, ever (nice). Thus the peace.

WE also acknowledge I am sure that we cannot know explicitly what the market will do NEXT in a coming reasonable timeframe
(ie not just the next 1 min candle I mean)
but once we see what we can see, we can then also deal with the times when the market doesn't behave (remember #4 & #5 hahaaa).

We are one stage closer to it all when we see what we needed to see in the markets & behaviour. imho.
Thus again, the peace, when trading.
They will catch us every so often, that can't be helped the more days and more often we trade.
But we can also catch them, 'the market', when it has got itself into a pricing-position that leaves itself vulnerable to pip extractions hahaaa.

I could tell folks lol (whether they would believe is a different story ) that at times the market will give up 5 pips to a trader at many places without even blinking (ie it doesn't affect its own risk parameters), but these are not necessary stories. I would trade for a min 10 pip a trade BUT will take what is on offer at that moment of current trading, higher OR lower. The 50 pip runners, that branch across a few sessions or days etc, are just not in my repertoire while I am ALWAYS fascinated to hear about & see charts from traders that do achieve such pip winner runs to look for what I am missing there.

Each to our own.
Now for lunch lol.
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