Volman meets Burke or My journey with PA | Page 126 | Forex Factory

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Volman meets Burke or My journey with PA

  • #2,501
  • Apr 19, 2023 10:40am Apr 19, 2023 10:40am
Quoting spzd
{quote} There it is. This has turned into what Al Brooks calls "all in long" day. That is only look for longs until it decides to turn or slide sideways. No matter what you trade you need to learn to recognize when a market is trending, when it is coming to the end of a move, and the process when it tops and bottoms. IMO, if you are going to be a trader you need to become a student of the instruments you trade. I prefer to become a master of a couple as opposed to a jack of all who never quite gets it. {image}
I would say all in is done.

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Mark ... Everything you have been told is a LIE
  • #2,502
  • Apr 19, 2023 6:17pm Apr 19, 2023 6:17pm
Now it's time to close our eyes
Now it's time to say goodbye
Now it's time to face the lie
That we'd never cry

Inserted Video
Mark ... Everything you have been told is a LIE
  • #2,503
  • Apr 19, 2023 7:18pm Apr 19, 2023 7:18pm
Though the world's full of problems
They couldn't touch us even if they tried

Inserted Video
Mark ... Everything you have been told is a LIE
  • #2,504
  • Apr 19, 2023 7:19pm Apr 19, 2023 7:19pm
I think that song was a tribute to Marley.
Mark ... Everything you have been told is a LIE
  • #2,505
  • Apr 19, 2023 7:25pm Apr 19, 2023 7:25pm
Quoting spzd
I think that song was a tribute to Marley.
dam good song!
without patience how can you be a trader?
  • #2,506
  • Apr 19, 2023 7:49pm Apr 19, 2023 7:49pm
Don't forget the bodies, Opens/Closes.

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Mark ... Everything you have been told is a LIE
  • #2,507
  • Apr 19, 2023 8:08pm Apr 19, 2023 8:08pm
Quoting spzd
Don't forget the bodies, Opens/Closes. {image}
That was also BRN 135
Mark ... Everything you have been told is a LIE
  • #2,508
  • Apr 19, 2023 8:41pm Apr 19, 2023 8:41pm
I have my Asia window from 8pm to 10.30pm NY. This time window corresponds to the open of the Tokyo Stock Exchange (TSE) to their stop for lunch. When there is price movement (pun) I look for one or two decent moves. In stagnant times waiting on the central banks, JPY next Thursday and USD 3 May, I take what I can get.
Here price jumped the squiglies and bounced off the H1-Hull. It then did the pullback thing. With that Hull being last in line I look for a pullback. This strategy means I miss some and that is fine. This type of move is not A category. I would put it as high B if you wait for it to do its thing.

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The M1 chart gives a cleaner entry using the same process. After the push to the H1-H it was the wait for the M1-H to cycle back to long. I treated this the same as the main procedure taking the second open above the M1-Hull. Was stopped out about the time I realized that was the BRN.

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Mark ... Everything you have been told is a LIE
  • #2,509
  • Apr 19, 2023 8:49pm Apr 19, 2023 8:49pm
To track all the Stock Exchange hours ( there are too many in ASIA!!) in your own timezone.

https://www.worldtimezone.com/markets24.php
Success = Practice + Patience + Persistence
  • #2,510
  • Apr 19, 2023 8:56pm Apr 19, 2023 8:56pm
Quoting fxpider
To track all the Stock Exchange hours ( there are too many in ASIA!!) in your own timezone. https://www.worldtimezone.com/markets24.php
I got the hours from here:

List of Stock Markets | TradingHours.com

I am only interested in the TSE. Thanks. Too many makes it too complicated. (And many may think it is already too complicated.)
Mark ... Everything you have been told is a LIE
  • #2,511
  • Apr 20, 2023 7:42am Apr 20, 2023 7:42am
Juniper Springs Ocala National Forest, Florida


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Mark ... Everything you have been told is a LIE
  • #2,512
  • Apr 20, 2023 10:54am Apr 20, 2023 10:54am
What do you know, it did it again, went for the Previous Day's Close.

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Mark ... Everything you have been told is a LIE
  • #2,513
  • Apr 20, 2023 11:05am Apr 20, 2023 11:05am
I stayed flat today as I could make a bull and bear case for UJ yesterday. After today however I am in sell the rallies mode. Trapped volume above the initial balance high, structure, etc.
Virtue signaling is for those who are devoid of actual virtue
  • #2,514
  • Apr 20, 2023 11:16am Apr 20, 2023 11:16am
Quoting Butters
I stayed flat today as I could make a bull and bear case for UJ yesterday. After today however I am in sell the rallies mode. Trapped volume above the initial balance high, structure, etc.
A good strategy as long as the short bias in price remains. That is one advantage of my approach.
Mark ... Everything you have been told is a LIE
  • #2,515
  • Apr 20, 2023 11:23am Apr 20, 2023 11:23am
I am thinking we are reaching a new "norm" with currencies. These new areas where each major trades vs the USD are it. Barring a total screw up by those who openly manipulate everything, I think the huge trend days are to be minimal. There are new ranges being set and I see no indication these pairs will venture too far out of those boundaries. The one exception will be the JPY. There is a distinct difference in central bank ideology between BoJ and the Fed.
Mark ... Everything you have been told is a LIE
  • #2,516
  • Apr 20, 2023 11:36am Apr 20, 2023 11:36am
Quoting spzd
I am thinking we are reaching a new "norm" with currencies. These new areas where each major trades vs the USD are it. Barring a total screw up by those who openly manipulate everything, I think the huge trend days are to be minimal. There are new ranges being set and I see no indication these pairs will venture too far out of those boundaries. The one exception will be the JPY. There is a distinct difference in central bank ideology between BoJ and the Fed.
The ranges should still be tradable. An examlple is the AUD and NZD. With the exception of a brief anomaly, the AUD has traded between .60 and .80 for 7 years now.
Mark ... Everything you have been told is a LIE
  • #2,517
  • Apr 20, 2023 12:07pm Apr 20, 2023 12:07pm
Quoting spzd
What do you know, it did it again, went for the Previous Day's Close. {image}
I'm sorry, but I have to ask what are all the lines on the chart. Do you really trade like that?
without patience how can you be a trader?
  • #2,518
  • Apr 20, 2023 12:26pm Apr 20, 2023 12:26pm
Quoting Steverino832
{quote} I'm sorry, but I have to ask what are all the lines on the chart. Do you really trade like that?
The answer to the 2nd question is yes.

The simple direct answer to the first is they are a set of Hull ma's using periods I came up with and a set of Kijun ma's that represent the mid-point of those same periods I use for the Hulls. All other lines are static price points that encompass various opens, highs, lows, and yesterday's close with the equity index futures.
Mark ... Everything you have been told is a LIE
  • #2,519
  • Apr 20, 2023 12:29pm Apr 20, 2023 12:29pm
Quoting spzd
{quote} The answer to the 2nd question is yes. The simple direct answer to the first is they are a set of Hull ma's using periods I came up with and a set of Kijun ma's that represent the mid-point of those same periods I use for the Hulls. All other lines are static price points that encompass various opens, highs, lows, and yesterday's close with the equity index futures.
I use the same method on the currencies and the indices and I am sure it will work on most anything else I put it on.
Mark ... Everything you have been told is a LIE
  • #2,520
  • Apr 20, 2023 1:02pm Apr 20, 2023 1:02pm
Quoting spzd
{quote} I use the same method on the currencies and the indices and I am sure it will work on most anything else I put it on.
Thank you for answering my question.
without patience how can you be a trader?
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