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Volman meets Burke or My journey with PA

  • #1,821
  • Edited 2:04pm Mar 12, 2023 1:33pm | Edited 2:04pm
A lot of this process seems to be identifying where they create false breakouts to trap volume then take price in the opposite direction. These are the points we need to be looking for in general.
Mark ... Everything you have been told is a LIE
  • #1,822
  • Mar 12, 2023 2:06pm Mar 12, 2023 2:06pm
Quoting spzd
A lot of this process seems to be identifying where they create false breakouts to trap volume then take price in the opposite direction. These are the points we need to be looking for in general.
The other part is to ride with them on their breakout days.
Mark ... Everything you have been told is a LIE
  • #1,823
  • Mar 12, 2023 2:39pm Mar 12, 2023 2:39pm
Quoting spzd
{quote} The other part is to ride with them on their breakout days.
A third could be the 1st Bounce trade.
  • #1,824
  • Mar 12, 2023 2:40pm Mar 12, 2023 2:40pm
Quoting spzd
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. {image}
GBP-AUD is similar ... duh

Thinking on this that each day that pushes up can be considered a breakout. A series of 3 day pushes would be a series of breakouts. Since most breakouts fail and this is clear on the charts, the process should be fairly simple.

Going into Monday (which is labeled Day 1 based on the weekly template which allows you to trade on a weekly basis without the need to be super accurate with the 3 day cycle) need to be aware of "trend" continuation. Day 3s can also spike up then reverse sometimes creating a FRD and a new Day 1. This could also continue up. This would force a "reset" of the count back to Day 1 on Tuesday.

There are a myriad of possibilities. Hence, the need of many to prognosticate absolutes is a waste of energy and more importantly a waste of time. Being aware of the various possibilities and knowing how they create them is a far better exercise.
Mark ... Everything you have been told is a LIE
  • #1,825
  • Mar 12, 2023 2:41pm Mar 12, 2023 2:41pm
Quoting Lou
{quote} A third could be the 1st Bounce trade.
Isn't that an after the news trade?
Mark ... Everything you have been told is a LIE
  • #1,827
  • Mar 12, 2023 2:45pm Mar 12, 2023 2:45pm
Quoting spzd
{quote} Isn't that an after the news trade?
Yes. Looks like SB has a video published today on it. Plan to check it out later.
  • #1,828
  • Mar 12, 2023 2:49pm Mar 12, 2023 2:49pm
Most of what I am doing is practical exercise. Going through possibilities.

For this first day I will look at everything mostly as Day 1 off the weekly template with static levels set. Until (and it could be a longer process) I can identify the start of a 3 day cycle.

With that, any pair that has had a push up/down and creates a PFH/PFL would be a candidate for a possible FRD/FGD. <Makes it much better when these days have specific criteria to be legit as opposed to your average up or down close.
Mark ... Everything you have been told is a LIE
  • #1,829
  • Mar 12, 2023 2:52pm Mar 12, 2023 2:52pm
Quoting bluesteele
{quote} Hey Mark,,, Just some charts of GJ... My personal way is starting with just the BRN 00s so I can easily identify the 100 pip boxes. Before I add quarter levels PDH PDL Opens etc What helps me is primarily the H1 and 15M but I also look at the H4 and daily for levels and candles such as Pin bars and Engulfers (Intent ) etc etc stuff we all know .. Anyhoo the 15 and H1 really help me zero in on where the $$ is trapped traders etc.. then its add the layers of filters. Cheers ! {image}{image}{image}
I will test that method.

I like the M15. Gives me a good view of those trap areas. I tend to miss them using higher TFs.

Looking good Kev Drop anything over here when you want. Even silly memes, keeps the mood lighter.
Mark ... Everything you have been told is a LIE
  • #1,830
  • Mar 12, 2023 2:56pm Mar 12, 2023 2:56pm
Quoting Lou
{quote} Yes. Looks like SB has a video published today on it. Plan to check it out later.
His vids lately seem to be more focused on refining aspects of the method. Watched a recent one yesterday? and it was pretty clear. Or is it just me?!?
Mark ... Everything you have been told is a LIE
  • #1,831
  • Mar 12, 2023 3:05pm Mar 12, 2023 3:05pm
These are interesting. Don't have enough data to make a good guess. But the theory says this could be possible PFH. With these at HOW I think they may have some significance. This ia also clear on the E-U, G-U, N-U, and an inverse one on the U-J.

Attached Image (click to enlarge)
Click to Enlarge Name: PFHEurCad.png Size: 35 KB



That is from my watch list.

EUR-AUD
GBP-AUD
GBP-JPY
EUR-CAD

and all the USD pairs.
Mark ... Everything you have been told is a LIE
  • #1,832
  • Mar 12, 2023 3:24pm Mar 12, 2023 3:24pm
Check out the Weekly on E/U and especially G/U ... will be interesting to see what happens on those dojis.
  • #1,833
  • Mar 12, 2023 3:28pm Mar 12, 2023 3:28pm
Quoting Lou
Check out the Weekly on E/U and especially G/U ... will be interesting to see what happens on those dojis.
They deserve some attention. Could be interesting.
Mark ... Everything you have been told is a LIE
  • #1,834
  • Mar 12, 2023 3:34pm Mar 12, 2023 3:34pm
Will need to go to Jun MES contract in a couple days.
Mark ... Everything you have been told is a LIE
  • #1,836
  • Mar 12, 2023 5:00pm Mar 12, 2023 5:00pm
Quoting bluesteele
{quote} Oki doki... I have spoken of Laura from Roadmap thread... and I honestly cant recall if she ever mentioned this??? Perhaps Turnip would know as hes very well versed in her methods... But anyhooo my one template that really is just adding on the 200SMA and an 8EMA high/low channel to my regular trading template.. The basic Laura is complete 8 channel crossing the 200 on the 1m for indices...etc But what I found and this is where perhaps Turnip can clarify if this comes from Laura?? Is once entered into the trade..and in this SPX ex from other...
Having spent many hours buried in the SP500 trenches, I have noticed some nuances that help me. With this instrument I only stay in the trade as long as momentum keeps carrying me. As long as the high/low (dependent on movement direction) of the previous bar has not been violated their is still a good chance for continued movement. Any bar over 5 pts I put the trailing stop at abt 50% +/- 2 ticks. Works sometimes. Fails sometimes. But I like to keep as much as I can when 1 contract is like half a lot in currencies. Once price starts sideways the likelihood of that move being finished is increased well over 50%. I do it this way because most days tend to be some sort of ranging oscillation. All in/mostly in are not that common from what I have seen.

Attached Image (click to enlarge)
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Mark ... Everything you have been told is a LIE
  • #1,838
  • Mar 12, 2023 7:35pm Mar 12, 2023 7:35pm
I may be completely wrong with this, but thought exercises around your method are what entries come from.

Have no idea how many orders were triggered by the open. This has the look of a quick order trigger run. Trapping shorts real quick, as that is how a successful stop run works, and knocking out weak longs that stayed over the weekend. The impulse move out of this area is another clue. Will this be maintained?
Variations of potential trapped volume are on a number of pairs tonight.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15-03.12.2023.1920-trapped.png Size: 41 KB
Mark ... Everything you have been told is a LIE
  • #1,839
  • Mar 12, 2023 7:44pm Mar 12, 2023 7:44pm
Quoting spzd
I may be completely wrong with this, but thought exercises around your method are what entries come from. Have no idea how many orders were triggered by the open. This has the look of a quick order trigger run. Trapping shorts real quick, as that is how a successful stop run works, and knocking out weak longs that stayed over the weekend. The impulse move out of this area is another clue. Will this be maintained? Variations of potential trapped volume are on a number of pairs tonight. {image}
This is really out of my comfort zone and will be a work in progress. Good thing levels to trade from are made quite clear as they move price. So even if wrong in a thought experiment, not committing to one bias and being flexible will make up for any analysis shortfalls.
Mark ... Everything you have been told is a LIE
  • #1,840
  • Mar 12, 2023 7:56pm Mar 12, 2023 7:56pm
Quoting spzd
{quote} This is really out of my comfort zone and will be a work in progress. Good thing levels to trade from are made quite clear as they move price. So even if wrong in a thought experiment, not committing to one bias and being flexible will make up for any analysis shortfalls.
Some of the most seemingly innocuous things pop up sometimes.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ-2023-03-12_195334.png Size: 31 KB
Mark ... Everything you have been told is a LIE
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