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Volman meets Burke or My journey with PA

  • #1,781
  • Mar 10, 2023 10:58am Mar 10, 2023 10:58am
And here is the MES with the move after the end of the NY First Hour Block.

Also look at the currencies. Choose the one(s) that are at/near the high/low of that block and wait. Some will give a setup, some will not. Sometimes 10am NY data will mess this up. Data releases are what they use to destroy accounts of traders in the wrong direction.

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Mark ... Everything you have been told is a LIE
  • #1,782
  • Mar 10, 2023 12:26pm Mar 10, 2023 12:26pm
Here are some PDFs created from the slides of CBenson.

Attached File(s)
File Type: pdf EntireTradingProcess.pdf   2.8 MB | 586 downloads


Attached File(s)
File Type: pdf TradingBinder.pdf   2.8 MB | 294 downloads


Attached File(s)
File Type: pdf EngulfmentofTime.pdf   1.0 MB | 304 downloads


Attached File(s)
File Type: pdf PriceTime.pdf   2.0 MB | 306 downloads


Attached File(s)
File Type: pdf 3DayCycle.pdf   1.8 MB | 1,113 downloads
Mark ... Everything you have been told is a LIE
  • #1,783
  • Mar 10, 2023 12:42pm Mar 10, 2023 12:42pm
Quoting spzd
And to be completely honest I know how you feel about traders as a whole. I sat here Tuesday reading people buying all day when the market was down. My thoughts about what they were doing are best left as thoughts. What I do may be listed in your no edge group and that is OK. I can clearly see your standards for edge are quite high.
Hi Mark, your comment watching other people trade caught my eye.

If people reveal their actual live trades then we will know for certain what the trader is all about. His trades reveal his real knowledge in real time market.

People tend to project a false level of knowledge with their writings. Their real level of knowledge is shown by their trades. You will be surprise how different they are from what they write and how they trade.

In this context, a high percentage of traders lie to themselves their lack of knowledge. This lie is repeated to the public by projecting the false knowledge in their writings on forum. This is the unseen reality.

If we want to know what knowledge the trader possess, watch his live trades.

The next best alternative is his live market calls, live market analysis of future market.

If you see a trader who regularly shows beautiful 20/20 hindsight charts, then you know for certain that's a false projection. You will be shocked when you see his actual trades.

I bring this matter up in conjunction with your own observation which is similar.

My point I try to deliver is,

Don't be deceived by other people's false projected knowledge. Their actual real time live market knowledge can be shockingly poor. There's plenty of them on FF. And those who do reveal your trades, you are revealing your true knowledge. Cheers
Know what you trade
  • #1,784
  • Mar 10, 2023 12:59pm Mar 10, 2023 12:59pm
Quoting BWilliam
{quote} Hi Mark, your comment watching other people trade caught my eye. If people reveal their actual live trades then we will know for certain what the trader is all about. His trades reveal his real knowledge in real time market. People tend to project a false level of knowledge with their writings. Their real level of knowledge is shown by their trades. You will be surprise how different they are from what they write and how they trade. In this context, a high percentage of traders lie to themselves their lack of knowledge. This lie is repeated...
hey william, i have read much of the posts u say and i agree so much.. ive been trading charts for about 5 years and have still not achieved profitablility..
There has to be something beyond the charts, and i believe it might be volume, but volume and forex is kind of weird, because its not centralized. Also i find supply/demand to be quite good, but when u have a losing period, it feels like its bad like most other strategies.
  • #1,785
  • Mar 10, 2023 1:10pm Mar 10, 2023 1:10pm
Quoting BWilliam
{quote} Hi Mark, your comment watching other people trade caught my eye. If people reveal their actual live trades then we will know for certain what the trader is all about. His trades reveal his real knowledge in real time market. People tend to project a false level of knowledge with their writings. Their real level of knowledge is shown by their trades. You will be surprise how different they are from what they write and how they trade. In this context, a high percentage of traders lie to themselves their lack of knowledge. This lie is repeated...
Hey jason,

Some of my observation was during Tuesday's Fed drop. Reading people trying to catch the "falling knife". Makes me wonder if they have zero awareness.

Either way, I do not put much stock in needing live calls. I do my study and research and through observation I can tell what will work and what will not.

Since I do not blindly follow anyone method or person I feel safe from deceit.

Me learning to trade and succeed at it are the ultimate FU to some. I am driven and I am good.

Thanks
Mark ... Everything you have been told is a LIE
  • #1,786
  • Mar 10, 2023 1:25pm Mar 10, 2023 1:25pm
Quoting dinpappa
{quote} hey william, i have read much of the posts u say and i agree so much.. ive been trading charts for about 5 years and have still not achieved profitablility.. There has to be something beyond the charts, and i believe it might be volume, but volume and forex is kind of weird, because its not centralized. Also i find supply/demand to be quite good, but when u have a losing period, it feels like its bad like most other strategies.
Hi dinpappa, I have no opportunity to reply to your question here.
https://www.forexfactory.com/thread/...0#post14352970

I want you to go back to your cadchf long trade.

You made 2 assumptions that are wrong,
1. Strong support - check the chart to see if your real time live market assumption of strong support is true.

I'm sure you now know its wrong. Hindsight 20/20 knowledge.

2. You assume a break of the previous day high is a breakout of the falling currency.

Again the parameters you used in your assumption is wrong. Again, hindsight 20/20 knowledge

Your real question to me is, how to acquire real time live market knowledge.

Every trader has this same question in their mind. Last person to ask me is fxpider, check his history post.

To answer this question, it require a seperate dedicated thread of discussion.

The short answer is robust research.

A direct response to your assumption if volume data is the missing input. My answer is wrong assumption. It's not necessary.

Read this post.
https://www.forexfactory.com/thread/...4#post14354644

Cheers
Know what you trade
  • #1,787
  • Mar 10, 2023 1:30pm Mar 10, 2023 1:30pm
Quoting BWilliam
{quote} Hi dinpappa, I have no opportunity to reply to your question here. https://www.forexfactory.com/thread/...0#post14352970 I want you to go back to your cadchf long trade. You made 2 assumptions that are wrong, 1. Strong support - check the chart to see if your real time live market assumption of strong support is true. I'm sure you now know its wrong. Hindsight 20/20 knowledge. 2. You assume a break of the previous day high is a breakout of the falling currency. Again the parameters you used in your assumption is wrong....
Yes please. These off topics need their own thread.
Mark ... Everything you have been told is a LIE
  • #1,788
  • Mar 10, 2023 1:47pm Mar 10, 2023 1:47pm
Quoting BWilliam
{quote} Hi dinpappa, I have no opportunity to reply to your question here. https://www.forexfactory.com/thread/...0#post14352970 I want you to go back to your cadchf long trade. You made 2 assumptions that are wrong, 1. Strong support - check the chart to see if your real time live market assumption of strong support is true. I'm sure you now know its wrong. Hindsight 20/20 knowledge. 2. You assume a break of the previous day high is a breakout of the falling currency. Again the parameters you used in your assumption is wrong....
Hello again sir
Thanks for the reply, it was well said by you.
The thing is, about CADCHF first, it was at a support level that had previously bounced from quite strong, so i thought its a "strong support", and it was rejecting from it, making higher highs, etc, is it still a bad trade? :o

Secondly, you are refering to fxpider, that guy is preaching technical analysis, "setups, level, and time", basically same thing as this volman dude is talking about, but you critique him, so i dont understand what you think is good and not, since you are arguing against someone that trades the same way as the guy you just recommended? Or am i totally wrong right now?
This is the thing that confuses me.. We are all looking at the same charts, trading more or less the same, and basically everyone looses money... What is truly working and what's not working? It's driving me CRAZY the past 5 years, wasting my life it feels like..

Thanks bro..
  • #1,789
  • Mar 10, 2023 1:54pm Mar 10, 2023 1:54pm
Quoting spzd
{quote} Yes please. These off topics need their own thread.
are u having consistent profitability now with staceys trading?
i tried his way of trading but it just does not fit right with me.. Didnt like it at all honestly
  • #1,790
  • Mar 10, 2023 4:09pm Mar 10, 2023 4:09pm
Quoting dinpappa
{quote} are u having consistent profitability now with staceys trading? i tried his way of trading but it just does not fit right with me.. Didnt like it at all honestly
I am just starting with Burke's method. I do think and believe I will be consistently profitable. It is a sound method that has been preached long before Burke came along and long to come.

As you can see I use a bit more than just that, but that is unimportant.

If his way of trading does not fit you then what I do will not fit you. My suggestion is to take a method like Burke's and spend some time with it. You will then learn market structure and will know why your trade failed.

Good luck in your search.
Mark ... Everything you have been told is a LIE
  • #1,791
  • Mar 11, 2023 11:40am Mar 11, 2023 11:40am
Good video. This kid knows his stuff. He was the last piece I needed to finish the puzzle. Thanks Blue!

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Mark ... Everything you have been told is a LIE
  • #1,792
  • Mar 11, 2023 11:50am Mar 11, 2023 11:50am
Inserted Video
Mark ... Everything you have been told is a LIE
  • #1,793
  • Mar 11, 2023 11:55am Mar 11, 2023 11:55am
Quoting spzd
https://www.youtube.com/watch?v=LJsr...el=Pips2Profit
That dirty word again, wash your mouth.

It never gets easier, you just get better
  • #1,795
  • Mar 11, 2023 12:13pm Mar 11, 2023 12:13pm
Quoting Shabs19
{quote} That dirty word again, wash your mouth.
No and you can't make me


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Mark ... Everything you have been told is a LIE
  • #1,796
  • Mar 11, 2023 12:16pm Mar 11, 2023 12:16pm
Quoting bluesteele
{quote} Cheers bud ! YA this is a good one.. The nuances he shows well vs SB... THe kid is good no doubt and to put in the effort to provide all the printable resources is just great. The market mechanics he displays is top notch IMO...Everthing we have talked about. TA PA Chart patterns Candle patterns etc which have been around for well over 100+ yrs... Which is the backbone the lifeblood of so many professional traders I have met over the years... Thing is they all have their niche that they all have developed to suit themselves... I was pretty...
Agree

The concepts clearly explained with psychology, spot on.

Did not hear Intent - disappointed.

It never gets easier, you just get better
  • #1,797
  • Mar 11, 2023 12:18pm Mar 11, 2023 12:18pm
Quoting spzd
{quote} No and you can't make me {image}
It never gets easier, you just get better
  • #1,798
  • Mar 11, 2023 12:26pm Mar 11, 2023 12:26pm
Quoting bluesteele
{quote} Cheers bud ! YA this is a good one.. The nuances he shows well vs SB... THe kid is good no doubt and to put in the effort to provide all the printable resources is just great. The market mechanics he displays is top notch IMO...Everthing we have talked about. TA PA Chart patterns Candle patterns etc which have been around for well over 100+ yrs... Which is the backbone the lifeblood of so many professional traders I have met over the years... Thing is they all have their niche that they all have developed to suit themselves... I was pretty...
I seriously had to forget a lot of stuff. This has not been easy and there have been a few times over the last 8 months where I almost threw in the towel. My desire to finally learn this was what kept me going.

It will still be a bit rough at times I am sure.

I have no doubt not many are willing to take this trip. That is why so money seek the "free lunch". Not willing to put in the time. For those that do - hats off I know what you have been through.

I have a solid foundation. A decent understanding. And I am through the door. No looking back now.
Mark ... Everything you have been told is a LIE
  • #1,800
  • Mar 11, 2023 12:30pm Mar 11, 2023 12:30pm
And because I can't help it ...

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