Volman meets Burke or My journey with PA | Page 91 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Volman Style (70-tick chart) 751 replies

Understanding Price Action by Bob Volman (notes and examples) 99 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

  • #1,801
  • Mar 11, 2023 12:32pm Mar 11, 2023 12:32pm
One last one for old times sake ...

Attached Image (click to enlarge)
Click to Enlarge Name: 2c2105e9e8cf451425112e22e1b87ad4.png Size: 199 KB
Mark ... Everything you have been told is a LIE
  • #1,802
  • Mar 11, 2023 12:42pm Mar 11, 2023 12:42pm
This is the first of his four part Burke cliff notes videos.

Inserted Video
Mark ... Everything you have been told is a LIE
  • #1,803
  • Mar 11, 2023 12:48pm Mar 11, 2023 12:48pm
Quoting spzd
Here are some PDFs created from the slides of CBenson. {image} {image} {image} {image} {image}
Thank you very much good sir!
  • #1,805
  • Mar 11, 2023 12:57pm Mar 11, 2023 12:57pm
Quoting Jarqo
{quote} Thank you very much good sir!
You are very welcome.
Mark ... Everything you have been told is a LIE
  • #1,806
  • Mar 11, 2023 12:59pm Mar 11, 2023 12:59pm
Quoting bluesteele
{quote} HAHA thats some serious wisdom right there ! WHich reminds me how I was told that Technical analysis is USELESS... A reminder of what TA is: "Technical analysis is the study of historical market data, including price and volume. Using insights from market psychology, behavioral economics, and quantitative analysis, technical analysts aim to use past performance to predict future market behavior." I think I can agree with that statement and it describes quite well exactly what I do Market psychology behavioral economicsquantitative...
That's a good definition.

Enjoy your time with your daughter.
Mark ... Everything you have been told is a LIE
  • #1,807
  • Mar 11, 2023 2:38pm Mar 11, 2023 2:38pm
Basics. Cliff notes.

Inserted Video
Mark ... Everything you have been told is a LIE
  • #1,808
  • Mar 11, 2023 5:37pm Mar 11, 2023 5:37pm
Quoting spzd
Basics. Cliff notes. https://www.youtube.com/watch?v=RSwQ...el=Pips2Profit
Cheers Mark,

It's always interesting for me to watch Chart Reader Traders.

Those that don't or can't 'read' charts, well I understand they are sceptical no probs. They view it as some form of 'magic' in many cases.
They best then utilise the methods that they are comfortable with.
While the thing that fascinates me about different traders is that, instead of just going off and doing what they feel is best for their own trading,
they pop up (often on one thread after another) "slagging off" against a method they either don't or can't use.

But hey, that's Forex lol.

This guys vid I can see that he reads charts, well.

cheers pal

ps
the screen at the 7:03 is an excellent example of a beautiful & simple Horizontal Line depicting a current Structure that WILL be tested & broken at some point.
Patience.
The subsequent rotation of price both above & below the horizontal line for a short period (inflection on a mini-scale) shows traders are now getting 'excited'
and the market MUST at some point soon, have bias, and move away from the Horizontal Line as a new direction (intent ?).
These can be quite good areas for trades imo, while up to each trader to assess & test for themselves first.
  • #1,809
  • Mar 11, 2023 5:46pm Mar 11, 2023 5:46pm
Quoting TimeTells
{quote} Cheers Mark, It's always interesting for me to watch Chart Reader Traders. Those that don't or can't 'read' charts, well I understand they are sceptical no probs. They view it as some form of 'magic' in many cases. They best then utilise the methods that they are comfortable with. While the thing that fascinates me about different traders is that, instead of just going off and doing what they feel is best for their own trading, they pop up (often on one thread after another) "slagging off" against a method they either don't or can't use....
Yeah a ps to work on ...

In the video I am currently watching he said something that instantly made me think of things you have posted, " here it spiked up to the top, that is interesting. What I really want to know is what they do after."

I will check that spot out here in a few. Take care
Mark ... Everything you have been told is a LIE
  • #1,810
  • Mar 11, 2023 5:57pm Mar 11, 2023 5:57pm
This was interesting. Better than I was expecting.

Inserted Video
Mark ... Everything you have been told is a LIE
  • #1,811
  • Mar 11, 2023 6:14pm Mar 11, 2023 6:14pm
Quick and to the point. Best support and resistance indicator is - PRICE.

Inserted Video
Mark ... Everything you have been told is a LIE
  • #1,812
  • Mar 11, 2023 8:48pm Mar 11, 2023 8:48pm
FRD - First Red Day

Preferable it comes after 2 or three up days with a PFH - Peak Formation High and a close below the open. If no PFH then trapped volume needs to be apparent.
Mark ... Everything you have been told is a LIE
  • #1,813
  • Mar 11, 2023 9:04pm Mar 11, 2023 9:04pm
FGD - First Green Day


Preferable it comes after 2 or three down days with a PFL - Peak Formation Low and a close above the open. If no PFL then trapped volume needs to be apparent.
Mark ... Everything you have been told is a LIE
  • #1,814
  • Mar 11, 2023 9:12pm Mar 11, 2023 9:12pm
To maintain my peace of mind I am putting some people in the iggy list.

Quoting spzd
To maintain my peace of mind I am putting some people in the iggy list.
This will keep me from any "debates". Sorry guys. Until this ends and things are made right you are iggies.

Quoting spzd
To maintain my peace of mind I am putting some people in the iggy list. {quote} This will keep me from any "debates". Sorry guys. Until this ends and things are made right you are iggies.
And anybody who may come along and try to defend them - instant iggy.
Mark ... Everything you have been told is a LIE
  • #1,815
  • Mar 11, 2023 10:13pm Mar 11, 2023 10:13pm
I am at a pretty neat junction right now. I have watched most of Cameron Benson's videos. He did an excellent job of breaking down Stacey Burke's method. So good, that through the osmosis process (which I mentioned from almost the very beginning), it has almost instantly clicked. Starting this week I will be using my full slate of knowledge (what that may be, more than some, less than others) to trade the markets.

I am an all in kind of guy, as I think you can see, and I left work, maybe sooner than I should have [but in hindsight with certain things happening I think it may have been for the best]. LONG. HARD. EIGHT. MONTHS.

Something came up, which I will get into, since this has been like a book from day one documenting things - lots of things, some not fully viable, but most with some logic. If I survive this whole thing. I figure I have a month and a half, maybe two months to make this work or I will likely have to go back to work.

No pressure. I say that truthfully. I am as calm as I can be (if you believe I can be calm). I have not been this focused to accomplish anything.

One 3 part evaluation for a prop firm. It is set up so the trader is more relaxed in regard to time restraints. It also requires what many would consider too tight/restrictive mandatory stops. Does not bother me as I trade that way anyway. Best of all worlds. I'm telling you, things fall into place when they are meant to. No sooner. No later.

One viable live futures account that I trade the MES on.

Hoping for a fun and prosperous ride.
Mark ... Everything you have been told is a LIE
  • #1,816
  • Mar 11, 2023 10:30pm Mar 11, 2023 10:30pm
I have 100% respect for Cameron Benson. I love the way he deliver's the material. His military background fits perfectly with what he is trying to do. Give him a sub.

Attached Image (click to enlarge)
Click to Enlarge Name: TradeCategories.png Size: 165 KB
Mark ... Everything you have been told is a LIE
  • #1,817
  • Mar 11, 2023 11:03pm Mar 11, 2023 11:03pm
Quoting spzd
I have 100% respect for Cameron Benson. I love the way he deliver's the material. His military background fits perfectly with what he is trying to do. Give him a sub. {image}
This chart is what brought it all together. I also have that moment of why didn't SB make it this easy. Whatever.

The main focus at the start of every week is Group 2. That is the Weekly template tha SB always talks about. Monday sets the OR - Opening Range. This sets the initial HOW/LOW. From there we go to Tuesday which combined with Monday gives the IB - Initial Balance. Wednesday is just that as it could do any of numerous things. As I learn more about OR and IB I will post that information.

Second is Group 1. There are a couple pair that are at 2 or 3 days of H/L expansion. Will check for any Inside days. FRD/FGD have specific criteria to meet. The difference between SB and CB are that CB only requires a push to make a PFL/PFH and will accept one in the same day. <If I got that wrong let me know>

Group 3 is something I will deal with when it occurs. The way markets are, it should not be too long of a wait.
Mark ... Everything you have been told is a LIE
  • #1,818
  • Mar 11, 2023 11:06pm Mar 11, 2023 11:06pm
Quoting spzd
{quote} This chart is what brought it all together. I also have that moment of why didn't SB make it this easy. Whatever. The main focus at the start of every week is Group 2. That is the Weekly template tha SB always talks about. Monday sets the OR - Opening Range. This sets the initial HOW/LOW. From there we go to Tuesday which combined with Monday gives the IB - Initial Balance. Wednesday is just that as it could do any of numerous things. As I learn more about OR and IB I will post that information. Second is Group 1. There are a couple pair...
My plan is to use SB/CB to identify areas of possible entries then go to the M5/M1 with my squiglies to get a good precise entry.
Mark ... Everything you have been told is a LIE
  • #1,819
  • Mar 12, 2023 1:27pm Mar 12, 2023 1:27pm
Now that I am at this point, I realize how simple yrt how complicated Burke's method is. It is not trivial. This chart keeps calling me, so I will see what I can make of it.


Attached Image (click to enlarge)
Click to Enlarge Name: zzEURAUDM15.png Size: 66 KB
Mark ... Everything you have been told is a LIE
  • #1,820
  • Mar 12, 2023 1:28pm Mar 12, 2023 1:28pm
Think I will need a spreadsheet to keep track of where everything is.
Mark ... Everything you have been told is a LIE
6 traders viewing now