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Attachments: Volman Style (70-tick chart)
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Volman Style (70-tick chart)

  • #441
  • Apr 21, 2023 9:14am Apr 21, 2023 9:14am
Thank alot sir appreciate. have a great weekend too and see you monday for some good trades next week!!! really cool to talk with someone else that use a similar strategy !! take care
  • #442
  • Apr 25, 2023 3:55am Apr 25, 2023 3:55am
Charts from my morning session.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD-240tick-2023.04.25-1.png Size: 70 KB
Click to Enlarge Name: XAUUSD-240tick-2023.04.25-2.png Size: 63 KB
Click to Enlarge Name: XAUUSD-240tick-2023.04.25-3.png Size: 51 KB
  • #443
  • Apr 27, 2023 8:05am Apr 27, 2023 8:05am
REALLY GREAT analyst GC FINANCE i think your decision was great on those trades keep the good work. Here my trade this morning
Attached Image (click to enlarge)
Click to Enlarge Name: APRIL 27 TRADE 1.jpg Size: 180 KB
  • #444
  • Apr 28, 2023 4:02am Apr 28, 2023 4:02am
Quoting Eurusdforex
REALLY GREAT analyst GC FINANCE i think your decision was great on those trades keep the good work. Here my trade this morning {image}
Thanks man! Your analysis is great too! Did that IRB reach target? I couldn't understand from the chart. Great trade, anyway.

I attach some charts of my morning session, pretty choppy and boring overall, but that's trading sometimes!

Comments are always welcome!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD-240tick-2023.04.28-1.png Size: 74 KB
Click to Enlarge Name: XAUUSD-240tick-2023.04.28-2.png Size: 87 KB
Click to Enlarge Name: XAUUSD-240tick-2023.04.28-3.png Size: 80 KB
  • #445
  • Apr 28, 2023 7:04am Apr 28, 2023 7:04am
Good morning my man ! You seems to be very selective and its great i think !! When you are not sure about the setup i think you need to stay on the sideline and preserve your capital. You are really discipline this morning and its really good. On my side, yesterday the 10pips target was reach (the setup do 11pips) so thanks for the luck its great sometime to have luck on our side . keep the good work !!!! and on your side how did you manage the boring day ? When it seems to have no valid setup at all ? I'm curious
  • #446
  • Apr 28, 2023 7:12am Apr 28, 2023 7:12am
There is a new way i'm on a trade right now . doest close my position yet .. my tipping point is the red line (since the beggining of this trade) no really good other point... so i'm waiting patiently during the big pullback .
Attached Image (click to enlarge)
Click to Enlarge Name: APRIL 28 TRADE 1.jpg Size: 170 KB
  • #447
  • Apr 28, 2023 7:24am Apr 28, 2023 7:24am
Quoting Eurusdforex
There is a new way i'm on a trade right now . doest close my position yet .. my tipping point is the red line (since the beggining of this trade) no really good other point... so i'm waiting patiently during the big pullback . {image}
For your trade, I would just wait, probability is still on your side. The market is overall more bearish so it may favor the downside.

As for the boring days, I struggled so much to learn to avoid taking random and stupid trades during those moments. I generally try to do something which would keep me relaxed while at the same time still focused on the chart. It's hard but sometimes I manage to do it. For example, I take short breaks from the desk and walk around or watch videos on the phone (keeping an eye on the chart) or put order on some stuff around me. Of course sometimes it makes me miss some good opportunities but overall it also makes avoid taking stupid trades, so it's definitely worth it. Recently, I found out that keeping analyzing and commenting the charts helps me a lot with that.

How do you manage such situations?
  • #448
  • Apr 28, 2023 7:29am Apr 28, 2023 7:29am
I'M out with +2pips. Major news in 1 min ...
  • #449
  • Apr 28, 2023 7:35am Apr 28, 2023 7:35am
there is the exit... unfortunately we cant know in advance how the market will react about a mojor news (this one was on my side) but im happy i stick to my plan and get out before new
Attached Image (click to enlarge)
Click to Enlarge Name: april 28 scratch.jpg Size: 162 KB
  • #450
  • Apr 28, 2023 7:41am Apr 28, 2023 7:41am
one pip away of my TP 2 times haha. Part of trading my men not always easy On my side, I was thinking about the same thing as you. Posting the charts here and my analyst with you help me alot to take just valid trades so it help me alot too ! Great for us
  • #451
  • Apr 28, 2023 7:43am Apr 28, 2023 7:43am
On my side too its not always easy to stay on the sideline and not taking random trades... trading is so emotional
  • #452
  • Apr 28, 2023 8:48am Apr 28, 2023 8:48am
Great scratch! You did well, better never stay on during major news releases.

Glad to hear that sharing here and communicating to each other is helping you! The same for me! And yes, in trading we need to face several different emotions and it's the hardest part in my opinion. I'm working hard on it!

I'm closing for today. See you next week and have a great weekend!

By the way, I hope someone else will join the thread too...
  • #453
  • Apr 28, 2023 8:51am Apr 28, 2023 8:51am
Have a great weekend ! And yess it will be cool if someone else with the same strategy or similar one join us
  • #454
  • May 2, 2023 11:39pm May 2, 2023 11:39pm
Hey guys,
i would like to join you on your journeys to trade like bob. I read his second book scalping the 5m chart. Since i don't have the time to monitor the charts on a dayli basis I'm trying to implement it on the 1 hour chart.
Mainly trading EUR/USD with a 20pip SL and 40pip TP but also looking for more pairs to trade since patterns may form withing days and sometimes break over night, so i gonna miss some good entries.

I attached a chart with some notes to let you know what im seeing and thinking.

I'm sure we can improve together!


Kind regards from germany
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2023-05-03_06-22-49.png Size: 27 KB
If you have to look hard for a trade, it is probably not there
  • #455
  • May 3, 2023 2:03am May 3, 2023 2:03am
Quoting PA-Wizard
Hey guys, i would like to join you on your journeys to trade like bob. I read his second book scalping the 5m chart. Since i don't have the time to monitor the charts on a dayli basis I'm trying to implement it on the 1 hour chart. Mainly trading EUR/USD with a 20pip SL and 40pip TP but also looking for more pairs to trade since patterns may form withing days and sometimes break over night, so i gonna miss some good entries. I attached a chart with some notes to let you know what im seeing and thinking. I'm sure we can improve together! Kind regards...
Hello PA-Wizard,

you're welcome! Thank you for joining us with your knowledge and experience!

It's interesting to hear that you trade EUR/USD H1. For different reasons, it's a chart that I studied and observed pretty much. Despite I never directly traded it, I remember I could spot some setups according to Volman second book's techniques. Your choice of SL and TP seems to be appropriate, by the way. As for other instruments, you may look at the other Forex major pairs but I also definitely recommend you to look beyond Forex (indices, metals, other commodities, cryptos, etc.). As I started trading the gold, I feel very happy with it. You may need to adjust the SL and TP, find the significant round numbers, but overall it's pretty much the same as Forex and may find many more setups.

As for your chart, I don't really understand your entries. Are they marked by the red/green rectangles? The rest of the analysis looks clear and great!
  • #456
  • May 3, 2023 3:49am May 3, 2023 3:49am
Quoting GC-Finance
{quote} Hello PA-Wizard, you're welcome! Thank you for joining us with your knowledge and experience! It's interesting to hear that you trade EUR/USD H1. For different reasons, it's a chart that I studied and observed pretty much. Despite I never directly traded it, I remember I could spot some setups according to Volman second book's techniques. Your choice of SL and TP seems to be appropriate, by the way. As for other instruments, you may look at the other Forex major pairs but I also definitely recommend you to look beyond Forex (indices, metals,...
Thanks for the warm welcome!

Since price action patterns are popping up on all time frames, we as traders are in the comfortable situation to pick one which fits to ourself. The nice benefit on larger time frames is, that patterns are more reliable than on smaller timeframes. On the other side we get less entries and may miss entries because we are asleep

Thanks for the recommendation, i will see which instrument i can add onto my watchlist. Especially because the EUR/USD is moving "slow" these days.
I definetly checking out gold!

Yeah the trades are the green and red boxes. Its the long and short position tool of tradingview. They show my tp (green) and sl (red) limits. The left side of the box is the entry and the right side the exit. The first box on the screenshot is a little bit too wide. I hope i explained it well enough
Maybe i will add little arrows in my future screenshots.
If you have to look hard for a trade, it is probably not there
  • #457
  • May 3, 2023 5:27am May 3, 2023 5:27am
Good morning guys really happy that we are 3 right now on this journey! Welcome to PA wizard. Your style of trading is differente than mine but it will be great to see how you manage the trade with a bigger timeframe and longer TP . I will post my trade today. Be free to post yours and i want to know if you are interest a little bit about the « emotional » part and psychological part in trading. On my side i think its the hardest part .
  • #458
  • May 3, 2023 8:09am May 3, 2023 8:09am
Quoting Eurusdforex
Good morning guys really happy that we are 3 right now on this journey! Welcome to PA wizard. Your style of trading is differente than mine but it will be great to see how you manage the trade with a bigger timeframe and longer TP . I will post my trade today. Be free to post yours and i want to know if you are interest a little bit about the « emotional » part and psychological part in trading. On my side i think its the hardest part .
Hello and thanks to you as well!

Indeed our trading is a little bit different but in the end it is price action and there are allways similarities. I like the Volman approach, because it makes trading price action less "subjective" and give clear rules what to trade and what not.

For the psychological part you are absolutely right, it is the hardest part. My biggest enemy is impatience, trading the hourly or even higher timeframes counters that for me at least
I look at the charts, dont see anything good and close my charts. It took me long enough to come to this point.
Besides patience, there are, of course many other emotional obstacles
If you have to look hard for a trade, it is probably not there
  • #459
  • May 3, 2023 9:21am May 3, 2023 9:21am
Last days have been emotionally heavy because the market is in "waiting mode", due to the major news reports coming in these days (FOMC, NFP, ECB interest rate decision, US unemployment rate, etc.). So patience and managing FOMO have been fundamental in these days.

I attach the chart of this afternoon, had to be patience but at the end I found a great Pullback Reversal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD-240tick-2023.05.03-1.png Size: 65 KB
Click to Enlarge Name: XAUUSD-240tick-2023.05.03-2.png Size: 85 KB
Click to Enlarge Name: XAUUSD-240tick-2023.05.03-3.png Size: 56 KB
  • #460
  • May 3, 2023 10:06am May 3, 2023 10:06am
There is my trade this morning. Patience is key and i do like you gc-finance this morning i was selective
Attached Image (click to enlarge)
Click to Enlarge Name: MAI 03 TRADE 1.jpg Size: 187 KB
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