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The Dissent Channel: Volman Price Action

  • #21
  • Jul 26, 2022 1:15pm Jul 26, 2022 1:15pm
Couple screenshots of my price action breakdown. The intent of this excercise is to engrain price action details when analyzing charts. With enough practice this should come naturally and then you can work on fine tuning entries.

Feel free to comment on the day's work.

Black is caught on first pass
Red is caught on second
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File Type: zip Day 1.zip   539 KB | 289 downloads
  • #22
  • Edited 3:19pm Aug 5, 2022 3:07pm | Edited 3:19pm
Is there enough Dominance in this picture to warrant a trade? Perhaps given the bullish nature of the session it was worth a shot.. but taking into account the range in isolation..

I'm less sure.. Is 1 HL & HH enough to call bullish control?

Thoughts ?

**Edit - second screenshot would have truly shown the nature of the session but less information is more to digest... Tradeoff
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  • #23
  • Aug 5, 2022 8:57pm Aug 5, 2022 8:57pm
Quoting trinidad316
Is there enough Dominance in this picture to warrant a trade? Perhaps given the bullish nature of the session it was worth a shot.. but taking into account the range in isolation.. I'm less sure.. Is 1 HL & HH enough to call bullish control? Thoughts ? **Edit - second screenshot would have truly shown the nature of the session but less information is more to digest... Tradeoff {image} {image}
Hi Trinidad.
Great to see that you are still focusing on some key aspects of BV's method. I hope you can keep the thread alive and keep smashing out some nice trades over the long run.
Empty your mind and let the market guide you
  • #24
  • Aug 6, 2022 9:50am Aug 6, 2022 9:50am
Quoting SunnyCoast
{quote} Hi Trinidad. Great to see that you are still focusing on some key aspects of BV's method. I hope you can keep the thread alive and keep smashing out some nice trades over the long run.
Ahhh appreciate the love. Hope you also are enjoying the path towards greatness.
  • #25
  • Nov 3, 2022 6:03am Nov 3, 2022 6:03am
Quoting trinidad316
Is there enough Dominance in this picture to warrant a trade? Perhaps given the bullish nature of the session it was worth a shot.. but taking into account the range in isolation.. I'm less sure.. Is 1 HL & HH enough to call bullish control? Thoughts ? **Edit - second screenshot would have truly shown the nature of the session but less information is more to digest... Tradeoff {image} {image}
Hi , nice forum.
Looks like the bears failed to break the 80 RN and a HH HL does constitute an up trend , the 00 is above and that's obviously the number in sight for many I think a 5pip SL and 10Pip target was achievable 2:1 so 1 in 3 or 50/50 for your trading . As it's said 00 "trade to it and not at it " then a perceived target would have enriched the trade possibilities. Happy pips .
  • #26
  • Nov 18, 2022 2:39pm Nov 18, 2022 2:39pm
Quoting photize
{quote} Hi , nice forum. Looks like the bears failed to break the 80 RN and a HH HL does constitute an up trend , the 00 is above and that's obviously the number in sight for many I think a 5pip SL and 10Pip target was achievable 2:1 so 1 in 3 or 50/50 for your trading . As it's said 00 "trade to it and not at it " then a perceived target would have enriched the trade possibilities. Happy pips .
Thanks for your perspective. !! Hope your doing well Photize its been a while since we last spoke!!

Yea thats a pretty good point taking into account the clear lack of interest at the 80th level was definitely a bullish indiciation.. I was on the lookout for another attempt for the RN from the bears given their lack of participation in the previous bull rally leading up to the trade. In retrospect EMA definitely gave some telling clues it was strictly a bull chart. Even if prior to the vertical line was on screen it was clear it was upwards sloping and bulls were on top, still a tough call,
  • #27
  • Nov 18, 2022 2:41pm Nov 18, 2022 2:41pm
tough week of trading for me but here is my breakdown for today for those interested in Volman's work as foundation.

Feel free to cite any of the screenshots and breakdown what i missed or disagreements (all opinions are welcomed).
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  • #28
  • Dec 9, 2022 8:58am Dec 9, 2022 8:58am
Quoting trinidad316
tough week of trading for me but here is my breakdown for today for those interested in Volman's work as foundation. Feel free to cite any of the screenshots and breakdown what i missed or disagreements (all opinions are welcomed). {image} {image} {image} {image} {image}
Hi, i recently read bob volman's book. I intend to trade it on the 1hr time frame. Please I need your opinion on this, since you have been trading it for a long time and I guess you have seen results from applying the strategy
  • #29
  • Dec 15, 2022 7:42am Dec 15, 2022 7:42am
Well, old charts can be analyzed a million ways and debated from here to eternity.
It almost becomes like theology.
I think the these Volman trading strategy what ever its called is very basic and very general.
Its very hard to say anything either correct or wrong based on it.
Maybe because i trade pretty much like that myself.
Maybe it seems kind of like my back yard so i dont have much to say about it.

I will leave it at that with a M1 chart attached...
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My signature is: "Classified".
  • #30
  • Dec 16, 2022 9:05am Dec 16, 2022 9:05am
Quoting Donproms
{quote} Hi, i recently read bob volman's book. I intend to trade it on the 1hr time frame. Please I need your opinion on this, since you have been trading it for a long time and I guess you have seen results from applying the strategy
Sure is there a particular question you had ? feel free to message me directly if you'd rather not publicly disclose.
  • #31
  • Dec 16, 2022 9:13am Dec 16, 2022 9:13am
Quoting yaed
Well, old charts can be analyzed a million ways and debated from here to eternity. It almost becomes like theology. I think the these Volman trading strategy what ever its called is very basic and very general. Its very hard to say anything either correct or wrong based on it. Maybe because i trade pretty much like that myself. Maybe it seems kind of like my back yard so i dont have much to say about it. I will leave it at that with a M1 chart attached... {image}
In a sense it is an act of faith to trade such a discretionary trading strategy. Given the nature of the principles, it is in fact theoretical and thus can be argued in a crude form of pros and cons. I do feel there is simplicity to the principles which adds "subjective" value to a dynamic market.

I must add that at first imitating Bob Volman became my primary objective and thus was an impractical task from the very start. But ive come to understand through repetition that trying to find objective data in a subjective world is in fact a paradox (in the context of Volman). Thus i have fallen deeper into my own interpretation which pays more respect to my internal dialogue and my "in tune-ness" with the market for lack of a better term.

I am not entirely sure what to make of the chart you published but I appreciate you sharing your persepctive
  • #32
  • Apr 1, 2023 1:39pm Apr 1, 2023 1:39pm
Hello guys ! I’m new to this channel and im using Bob Volman strategy to scalp EURUSD. I want to know if you still trading on your side with this strategy? Im looking to talk with someone else who scalp like this to? Thx alot
  • #33
  • May 10, 2023 2:53am May 10, 2023 2:53am
Quoting Skip82
{quote} Can I ask which EA are you using? and why don't you use a 4 digts chart? I am really struggling to find a ea that transform my MT4 chart in 70 tick and 4 digts. I am trying a trial version of the Renko Chart for MT4 but when I set it in 4 digts the chart looks really bad. Can anyone help me out pls? Thank you
OVO.cz has an indicator that creates those charts , specifically made at a request for Colman try the free demo you will be impressed. He also has a free helper that lets you backrest tick charts .
Enjoy
Pho
https://ovo.cz/products/offline-char...t-volume-bars/
  • #34
  • Last Post: May 10, 2023 3:19am May 10, 2023 3:19am
Quoting trinidad316
tough week of trading for me but here is my breakdown for today for those interested in Volman's work as foundation. Feel free to cite any of the screenshots and breakdown what i missed or disagreements (all opinions are welcomed). {image} {image} {image} {image} {image}
Hi
I just had a quick look at a couple of your charts.
This is my observation not forgetting that everyone sees differently and have to to be comfortable with their eval.
The PA shows a small M at the top of the range which has a higher right leg so has swept the equal Hi's just left , then a move down breaking structure with an untested movement, price consolidates below the range so expect some manipulation as they are filling up, it fakes the short pulling in traders then promptly reverses taking out all the SL (pending long) and retest the structure break before making the desired move , Structure breaks and retests are important keep an eye out when looking for Volman entries also avoid the manipulation.
Happy pips Pho
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