Volman meets Burke or My journey with PA | Page 111 | Forex Factory

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Volman meets Burke or My journey with PA

  • #2,201
  • Apr 3, 2023 9:52am Apr 3, 2023 9:52am
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Mark ... Everything you have been told is a LIE
  • #2,202
  • Apr 3, 2023 9:53am Apr 3, 2023 9:53am
Quoting spzd
{image}
It has now bounced off PDC
Mark ... Everything you have been told is a LIE
  • #2,203
  • Apr 3, 2023 10:07am Apr 3, 2023 10:07am
Quoting spzd
{quote} It has now bounced off PDC
Back to the start.

Where this down started its push is a common spot coming out of the 1st hour box.
Mark ... Everything you have been told is a LIE
  • #2,204
  • Apr 3, 2023 10:48am Apr 3, 2023 10:48am
M5 is definitely dominant today. See what they have after lunch.

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Mark ... Everything you have been told is a LIE
  • #2,205
  • Apr 3, 2023 11:25am Apr 3, 2023 11:25am
It's a process.

** 1 - Price has moved back above the M1Kijun. It is also crossing through equilibrium on the M5Hull, which has formed nicely for potential cycles.

** 2 - Price moves through the M1Hull for potential reset. The sideways movement hints at that.

** 3 - There is a pullback to the M1Kijun - this is the 30 minute rolling mid-point set at a period of 30. Price bounces up and does a quick retest of the mid-point.

** 4 - Once price bounces off the M1Kijun and you get an up close bar, entry is the next open. If there is concern of the PDC still there (valid concern) wait for an open above that point. If you do wait, a too large a price move through that point would negate an entry.


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Mark ... Everything you have been told is a LIE
  • #2,206
  • Apr 3, 2023 12:39pm Apr 3, 2023 12:39pm
M1Hull is becoming dominant. This is due to the narrow range it settled into.
Mark ... Everything you have been told is a LIE
  • #2,207
  • Apr 3, 2023 1:20pm Apr 3, 2023 1:20pm
Closing shop half hour early. Had 2, count them, 2 trades. 1st day of the month on a Monday. Short week for the equities as Friday is part day.
Mark ... Everything you have been told is a LIE
  • #2,208
  • Apr 3, 2023 1:22pm Apr 3, 2023 1:22pm
Quoting spzd
Closing shop half hour early. Had 2, count them, 2 trades. 1st day of the month on a Monday. Short week for the equities as Friday is part day.
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Mark ... Everything you have been told is a LIE
  • #2,209
  • Apr 3, 2023 3:13pm Apr 3, 2023 3:13pm
Here's how I see UJ setting up so far. It gapped up but got rejected twice off the back side of the trend line, had a false break above last week's/Friday's high, took out Friday's low, and closing as first red day. Day 1 of the 3 day cycle. Still watching for shorts until something changes.
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Virtue signaling is for those who are devoid of actual virtue
  • #2,210
  • Apr 3, 2023 3:38pm Apr 3, 2023 3:38pm
Quoting Butters
Here's how I see UJ setting up so far. It gapped up but got rejected twice off the back side of the trend line, had a false break above last week's/Friday's high, took out Friday's low, and closing as first red day. Day 1 of the 3 day cycle. Still watching for shorts until something changes. {image}
Here's what I have off that.

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Mark ... Everything you have been told is a LIE
  • #2,211
  • Apr 3, 2023 3:42pm Apr 3, 2023 3:42pm
No matter how much they want to "virtue signal" how they are not buying/selling oil in dollars. Well, as long as your currency is pegged to the US dollar, guess what. That's right, you are still buying/selling oil in US dolloars. Sorry to burst those bubbles.
Mark ... Everything you have been told is a LIE
  • #2,212
  • Apr 3, 2023 3:45pm Apr 3, 2023 3:45pm
I'm thinking the GJ today for all intents and purposes was an inside day. Looks as if a top may be formed. With UJ having a FRD this may be setting up for some southerly travels.

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Mark ... Everything you have been told is a LIE
  • #2,213
  • Apr 3, 2023 3:55pm Apr 3, 2023 3:55pm
Quoting spzd
I'm thinking the GJ today for all intents and purposes was an inside day. Looks as if a top may be formed. With UJ having a FRD this may be setting up for some southerly travels. {image}

That's what I reckon we're starting with also Mark, good fortunes.
Two major opposite pins the past two days.
  • #2,214
  • Apr 3, 2023 4:02pm Apr 3, 2023 4:02pm
Quoting TimeTells
{quote} That's what I reckon we're starting with also Mark, good fortunes. Two major opposite pins the past two days.
Been busy with the other markets. Thinking of a slightly different way to approach some GJ trades. Think midpoints - only through my eyes.
Mark ... Everything you have been told is a LIE
  • #2,215
  • Apr 3, 2023 4:07pm Apr 3, 2023 4:07pm
I am fully convinced that I will likely never trade the currencies in the Burke method. With that said, figuring out where these pairs will go is a challenge. Plus it has benefits when looking at the actual intraday swings. Will expand on all this down the road, maybe, if I don't go some other route ...
Mark ... Everything you have been told is a LIE
  • #2,216
  • Apr 3, 2023 4:26pm Apr 3, 2023 4:26pm
Quoting spzd
{quote}
Been busy with the other markets. Thinking of a slightly different way to approach some GJ trades.
Think midpoints - only through my eyes.

Hahaa, yes pal.

And I always think so hard on what all folks say, as I try to get something from each & every poster (you know what I mean) if it is lays outside my normal thoughts.

What you say above about currencies & indices ALSO interests me and you may well be onto something there though I only trade currencies so cannot comment.


While for example, GJ yesterday might have had trend (?) watching calculation maths folk sitting on the sidelines (smart move, if so, who knows) while diehard intraday traders could play BOTH sides of the up/down movements. (ie trade either with or against directional intent).

The PFL & PFH areas might also be simpler maybe for the visual traders, I can't say really as maths traders rarely let us see "under the hood" of their engine if you know what I mean, and which is their right of choice of course.

In the end, it's each to their own imo, as we can all only trade how we assess and analyse our own markets.

Good assessments today as we enter what is really - the markets' world -again
  • #2,217
  • Apr 3, 2023 5:11pm Apr 3, 2023 5:11pm
Quoting TimeTells
{quote} Hahaa, yes pal. And I always think so hard on what all folks say, as I try to get something from each & every poster (you know what I mean) if it is lays outside my normal thoughts. What you say above about currencies & indices ALSO interests me and you may well be onto something there though I only trade currencies so cannot comment. While for example, GJ yesterday might have had trend (?) watching calculation maths folk sitting on the sidelines (smart move, if so, who knows) while diehard intraday traders could play BOTH sides of the up/down...
If I think what I see is valid I will share.

I am in the process of attempting to turn this into a business. Something I can enjoy doing as I approach my golden (or is that tarnished) years.

The legit (as some are not so much) math guys I can understand keeping a tight lid on their stuff. If most are short term, as I think they are, there is not much wiggle room down there and any little advantage they find I am sure they guard religiously.

I see two things, the extreme areas, which when a good signal is there they are gold.
Alas, the market is not always there, and entries off session H/L do not always pan out as we would like.

So, I am learning to work inside the matrix. Just another work in progress.
Mark ... Everything you have been told is a LIE
  • #2,218
  • Apr 3, 2023 5:27pm Apr 3, 2023 5:27pm
I do not suggest anyone use anything I come up with.

I do suggest if you see something interesting here, maybe see if you can do the same with your method.

If you are using any of this and figure out something I missed. Don't be shy.
Mark ... Everything you have been told is a LIE
  • #2,219
  • Apr 3, 2023 5:28pm Apr 3, 2023 5:28pm
And I only have a red diamond because of longevity and I'm not quiet.
Mark ... Everything you have been told is a LIE
  • #2,220
  • Apr 3, 2023 5:40pm Apr 3, 2023 5:40pm
Quoting spzd
{quote}
If I think what I see is valid I will share. I am in the process of attempting to turn this into a business. Something I can enjoy doing as I approach my golden (or is that tarnished) years. The legit (as some are not so much) math guys I can understand keeping a tight lid on their stuff. If most are short term, as I think they are, there is not much wiggle room down there and any little advantage they find I am sure they guard religiously. I see two things, the extreme areas, which when...

Absolutely agree on both points above.

There is NO singular maths of course. Which is sort of what I have been trying to flesh out of the maths folk, but the conversation always gets convoluted.

IF there is no ONE way of trading the maths then WHAT is the difference (and WHY).

The only conclusion I can draw is that it is THEM INDIVIDUALLY that comes up with THEIR maths approach and then, very well done for sure.

TRADING. We will each find our own way ultimately, if we have the Desire and Fortitude imo.

AND. Working inside the matrix, love it Mark, all the best.
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