Volman meets Burke or My journey with PA | Page 102 | 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

  • #2,021
  • Mar 24, 2023 7:11pm Mar 24, 2023 7:11pm
Historically accurate ...

Inserted Video
Mark ... Everything you have been told is a LIE
  • #2,022
  • Mar 24, 2023 7:13pm Mar 24, 2023 7:13pm
Quoting spzd
Historically accurate ... https://www.youtube.com/watch?v=9p3D...annel=wildfire
This one is more accurate ...

Inserted Video
Mark ... Everything you have been told is a LIE
  • #2,023
  • Mar 24, 2023 7:27pm Mar 24, 2023 7:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: theOne.png Size: 36 KB
Mark ... Everything you have been told is a LIE
  • #2,024
  • Mar 24, 2023 7:35pm Mar 24, 2023 7:35pm
Day like today is catching the bottom of the steps. This is what I have been searching out to help trade these grinders.

Attached Image (click to enlarge)
Click to Enlarge Name: theOne2.png Size: 40 KB
Mark ... Everything you have been told is a LIE
  • #2,025
  • Mar 25, 2023 10:33am Mar 25, 2023 10:33am
I have an entry/short term system about as tweaked to work on ALL I trade based on how I view things. I say it this way because some may interpret it differently or may not comprehend it at all. Everything I do and say is my reality of how the markets work. With that, my views tend to mingle with many other similar views. So, nothing really unique other than how it is seen, which makes it unique in its own way.

Now for the continuing study of market structure.
Mark ... Everything you have been told is a LIE
  • #2,026
  • Mar 25, 2023 10:43am Mar 25, 2023 10:43am
I am a bit of a stickler with definitions. Not to the point of you absolutely have to stick to this source or that source. But, if your definition differs or is not clear (in the case of multiple meanings) you should define what it means.

An up day is a day that closes above its open.

A down day is a day that closes below its open.

The open is based on 1700 New York.

A breakout is when price moves above the Previous Day's High or below the Previous Day's Low. These can coincide with other highs or lows, but it is not required.
Mark ... Everything you have been told is a LIE
  • #2,027
  • Mar 25, 2023 12:02pm Mar 25, 2023 12:02pm
The number one thing I do not like is arrogant people.
Mark ... Everything you have been told is a LIE
  • #2,028
  • Mar 25, 2023 12:37pm Mar 25, 2023 12:37pm
Burke often mentions "trapped volume" or "trapped traders". One way to see who is being trapped is by how fast price moves from an area. This chart shows blocks where price moved to then when that area was left it was done quickly with impulse type movement. Then they don't go back. Not in this round at least.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ-2023-03-25_121508.png Size: 36 KB
Mark ... Everything you have been told is a LIE
  • #2,029
  • Mar 25, 2023 12:39pm Mar 25, 2023 12:39pm
Quoting spzd
Burke often mentions "trapped volume" or "trapped traders". One way to see who is being trapped is by how fast price moves from an area. This chart shows blocks where price moved to then when that area was left it was done quickly with impulse type movement. Then they don't go back. Not in this round at least. {image}
One of the things we need to do is identify areas where volume could become trapped. Have an idea where they are likely to take price. And look for an entry in that direction. This is actually getting easier in real time.
Mark ... Everything you have been told is a LIE
  • #2,030
  • Mar 25, 2023 12:43pm Mar 25, 2023 12:43pm
Quoting spzd
{quote} One of the things we need to do is identify areas where volume could become trapped. Have an idea where they are likely to take price. And look for an entry in that direction. This is actually getting easier in real time.
This past week on the GBP_JPY has been classic text book market action.

Market Action - the process of price moves within the framework of the market structure.

I think this was a 3 day up followed by 3 day down - 3DL/3DS.
Mark ... Everything you have been told is a LIE
  • #2,031
  • Mar 25, 2023 12:46pm Mar 25, 2023 12:46pm
My guess for GJ come Monday is sideways to up. This is based on I think the GJ just finished a 3 push down cycle. Also how it ended the day quickly moving off the LOW.
Mark ... Everything you have been told is a LIE
  • #2,032
  • Mar 25, 2023 12:47pm Mar 25, 2023 12:47pm
Quoting spzd
My guess for GJ come Monday is sideways to up. This is based on I think the GJ just finished a 3 push down cycle. Also how it ended the day quickly moving off the LOW.
Notice I used "guess".
Mark ... Everything you have been told is a LIE
  • #2,033
  • Mar 25, 2023 12:47pm Mar 25, 2023 12:47pm
As Spzd said....

One of the things we need to do is identify areas where volume could become trapped.

Let's figure it out !!
  • #2,034
  • Mar 25, 2023 12:51pm Mar 25, 2023 12:51pm
Monday is ALWAYS Day1.

You can get an idea what Monday may do based on the end of the prior week. The first thing is the opening range of the opening range. Monday is considered the opening range for the week. Asia is the opening range of each day. With Asia Monday being the opening range of the opening range.


Yes, my mind works different than most.
Mark ... Everything you have been told is a LIE
  • #2,035
  • Mar 25, 2023 12:53pm Mar 25, 2023 12:53pm
Quoting Lou
As Spzd said.... One of the things we need to do is identify areas where volume could become trapped. Let's figure it out !!
I think this concept is VERY important. Now that I can see it I know it is.
Mark ... Everything you have been told is a LIE
  • #2,036
  • Mar 25, 2023 12:53pm Mar 25, 2023 12:53pm
UCAD coming in a few.
Mark ... Everything you have been told is a LIE
  • #2,037
  • Mar 25, 2023 1:12pm Mar 25, 2023 1:12pm
Quoting spzd
UCAD coming in a few.
Closing on UC is right in the middle of the W H/L so this will be interesting
  • #2,038
  • Mar 25, 2023 1:35pm Mar 25, 2023 1:35pm
Quoting Lou
{quote} Closing on UC is right in the middle of the W H/L so this will be interesting
And that brings up another question. Considering the Daily Chart :
IF we are tracking price by drawing H/L Range lines,
THEN do we change the H/L lines when price makes and Inside Day ? OR do we wait until the end of a day where price has again broken the past H/L to change the Range Lines?
(this is the concept of The Controlling Candle)
  • #2,039
  • Mar 25, 2023 1:43pm Mar 25, 2023 1:43pm
Quoting Lou
{quote} And that brings up another question. Considering the Daily Chart : IF we are tracking price by drawing H/L Range lines, THEN do we change the H/L lines when price makes and Inside Day ? OR do we wait until the end of a day where price has again broken the past H/L to change the Range Lines? (this is the concept of The Controlling Candle)
This is much easier to see using the Weekly Candle.
  • #2,040
  • Mar 25, 2023 2:14pm Mar 25, 2023 2:14pm
Quoting Lou
{quote} And that brings up another question. Considering the Daily Chart : IF we are tracking price by drawing H/L Range lines, THEN do we change the H/L lines when price makes and Inside Day ? OR do we wait until the end of a day where price has again broken the past H/L to change the Range Lines? (this is the concept of The Controlling Candle)
Not quite following you here.
Mark ... Everything you have been told is a LIE
0 traders viewing now