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Volman Style (70-tick chart)

  • #501
  • May 10, 2023 2:39am May 10, 2023 2:39am
Here's a random chart I posted elsewhere it 1 minute gold in a discussion on M and W , structure breaks and money flow excuse M1 in a tick forum but it's always good to see an overview when trading and look for the setups closely when the market shows willing enjoy the chart it was just a quick sketch . pho
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  • #502
  • May 10, 2023 6:27am May 10, 2023 6:27am
Good morning folks ! Nice to see that we get a new member with us ! Welcome PHOTIZE! I hope you guys going well as always ! Photize do you trade a similar strategy as Bob volman or something else really different ? Thank for sharing your knowledge and your point of view on the couple last charts.

Have a great trading day !
  • #503
  • May 10, 2023 8:09am May 10, 2023 8:09am
There is my first trade this morning.. I know it was really agressive but i try to follow the bullish momentum after the CPI news..
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  • #504
  • May 10, 2023 8:36am May 10, 2023 8:36am
Hello guys, hello Pho! Happy to see you back after a while. How are you doing? Last time I was still trading EUR/USD 70-tick, now as you can see I switched to the gold. Thank you for your analysis and comments.

For Eurusdforex, yes the trade was aggressive mostly for lacking of proper buildup and because it was after the news, but the location was still technical so it's understandable that you gave it a shot.
  • #505
  • May 10, 2023 9:16am May 10, 2023 9:16am
I want your opinion about this one. Personaly I dont take the trade but i'm curious to know if it was duable or not on your point of view... First we get a retracement (50-60% of the bulls move) .80 level holding well.. the angular resistance line represente the retracement and we Breakout with a 00 magnet over the head... + market overall bullish this morning. Personaly I dont really see a safe entry before de breakout but I think with retrospect I think the setup was ok to give him a shot. i want your opinion thanks in advance
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  • #506
  • May 10, 2023 9:29am May 10, 2023 9:29am
Quoting Eurusdforex
I want your opinion about this one. Personaly I dont take the trade but i'm curious to know if it was duable or not on your point of view... First we get a retracement (50-60% of the bulls move) .80 level holding well.. the angular resistance line represente the retracement and we Breakout with a 00 magnet over the head... + market overall bullish this morning. Personaly I dont really see a safe entry before de breakout but I think with retrospect I think the setup was ok to give him a shot. i want your opinion thanks in advance {image}
I agree with you the setup was well located technically but there was no real entry. I would like to see maybe another arch before the break and/or some dojis squeezed by the EMA.

You did well not to enter, stick with this idea in mind and don't get caught by FOMO. I don't think a setup like this is worth it (only for missing the proper entry). Keep skipping if it appears in a similar way next time.
  • #507
  • May 10, 2023 9:31am May 10, 2023 9:31am
Perfect great to see your perspective thank you On my side when i'm not 100% sure that the setup is valid I skip ! So proud to skip this one even if the results would have been a win or even a lost!
  • #508
  • May 10, 2023 12:00pm May 10, 2023 12:00pm
Quoting Eurusdforex
Good morning folks ! Nice to see that we get a new member with us ! Welcome PHOTIZE! I hope you guys going well as always ! Photize do you trade a similar strategy as Bob volman or something else really different ? Thank for sharing your knowledge and your point of view on the couple last charts. Have a great trading day !
I traded it for a long period you will spot me on Volman forums many years ago, I occasionally pop bye and you would have seen me on wallstreettoeasystreet which unfortunately gone where Alan had a 96% win rate with Volman for a whole years trading watching the time and sales as a proof of entry . I still have Volman in my head when scalping but mostly use PA at structure for a path to trade. His style can easily be incorporated with a larger overview and well worth mastering.
Happy pips
Pho
  • #509
  • May 10, 2023 12:30pm May 10, 2023 12:30pm
Quoting Eurusdforex
I want your opinion about this one. Personaly I dont take the trade but i'm curious to know if it was duable or not on your point of view... First we get a retracement (50-60% of the bulls move) .80 level holding well.. the angular resistance line represente the retracement and we Breakout with a 00 magnet over the head... + market overall bullish this morning. Personaly I dont really see a safe entry before de breakout but I think with retrospect I think the setup was ok to give him a shot. i want your opinion thanks in advance {image}
Here's your chart with structure breaks, as you see there was a deep retrace (green) signalling the rotation that followed, a momentum structure break (a Vollman RB) followed by the structure retest a great confirmed entry, you can see the breaks and retests on the way down hopefully you can visualise them in context of PA and volman trades etc (excuse art it was edited on a phone)edit: seems the base of the M has slipped the random box it should be in line with the retest hopefully obvious.
Happy pips
Pho
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  • #510
  • May 10, 2023 11:45pm May 10, 2023 11:45pm
Quoting photize
{quote} A too tight a SL you mean but personally I would not have expected too much movement long into that Momentum candle down, just a pullback by some % , that would ring the bell and it's rather obvious. Happy pips Pho
Hey Pho, nice to have you here. Thanks for your opinion. Im still unsure what kind of sl and tp is good for the hourly chart.

Quoting photize
{quote} I traded it for a long period you will spot me on Volman forums many years ago, I occasionally pop bye and you would have seen me on wallstreettoeasystreet which unfortunately gone where Alan had a 96% win rate with Volman for a whole years trading watching the time and sales as a proof of entry . I still have Volman in my head when scalping but mostly use PA at structure for a path to trade. His style can easily be incorporated with a larger overview and well worth mastering. Happy pips Pho
May i ask why you switched to an other kind of "system"? Was "wallstreettoeasystreet" a forum or homepage? im curious to see more volman style charts and maybe there is a possibility to review it with an website archive.
If you have to look hard for a trade, it is probably not there
  • #511
  • May 11, 2023 5:10am May 11, 2023 5:10am
Quoting PA-Wizard
{quote} Hey Pho, nice to have you here. Thanks for your opinion. Im still unsure what kind of sl and tp is good for the hourly chart. {quote} May i ask why you switched to an other kind of "system"? Was "wallstreettoeasystreet" a forum or homepage? im curious to see more volman style charts and maybe there is a possibility to review it with an website archive.
He drove off in a sports car ! There was both web and forum most of what's left.
https://youtube.com/@allenbary6266

Did you ever use the Volman charts link and is it still active , he used to have his charts posted weekly.
Cheers
pho
  • #512
  • May 11, 2023 5:38am May 11, 2023 5:38am
Quoting PA-Wizard
{quote} Hey Pho, nice to have you here. Thanks for your opinion. Im still unsure what kind of sl and tp is good for the hourly chart. {quote} May i ask why you switched to an other kind of "system"? Was "wallstreettoeasystreet" a forum or homepage? im curious to see more volman style charts and maybe there is a possibility to review it with an website archive.
Volman is great for entries a points if focus , you need those points everything you see , zones lines ma they are all just attractors and useless but they can alert a point of interest or a roadblock or a reflector. Then PA reading is needed for entry or not Volman PA is as good as any then but on its own it has weaknesses. OH dam it stalled , little did you spot the open of the week , yesterday's hi, pivot, VWAP whatever really but structure is top of the list. Watch structure and enter using Volman at a place of interest.
Pho
  • #513
  • May 11, 2023 7:09am May 11, 2023 7:09am
Good morning all ! Hope you doing good again!!

Hey photize what pair did you trade at the moment ?

On my perspective I dont think the setup by themself are magics or even the angular line or the box or the EMA 20. but when you scalp with a max 10 pips SL most of the time less. you need to have a sniper entry. So on my side the volman setup and the way its done help me to find good entry . And for sure you need to be causious about the PA and the way the market move. Because sometime you have a perfect setup but poorly located with the overall PA.

Thank again for your sharing !
  • #514
  • May 11, 2023 9:33am May 11, 2023 9:33am
Good morning Folks ! there is my only trade of this morning... I just take de RB not the BB but i think the BB was duable. I just dont feel confortable to trade the low of the market ... Feel free to comment ! Have a great day
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  • #515
  • May 11, 2023 1:52pm May 11, 2023 1:52pm
Quoting Eurusdforex
Good morning Folks ! there is my only trade of this morning... I just take de RB not the BB but i think the BB was duable. I just dont feel confortable to trade the low of the market ... Feel free to comment ! Have a great day {image} {image}
Hello Eurusdforex,

The RB was nice. I like the angular line perforation, coinciding also with the bottom barrier break. Yes there was the 20 level but I don't see it as a big problem here. Mostly it would be great to see another lower high before the tease break but we can't always have a textbook setup.

For me the BB wasn't good, you did well not to take it. I don't like the action within the box and there was no proper buildup at the bottom of it. Plus yes it's trading for continuation at the low of the market and the round number was an adverse magnet. Keep skipping these setups and don't get caught by FOMO!
  • #516
  • May 11, 2023 4:22pm May 11, 2023 4:22pm
Thank men appreciate ! And great to see that we get the same feeling about the BB
  • #517
  • May 12, 2023 11:16am May 12, 2023 11:16am
Good friday guys! market was pretty choppy boring today. there is my only trade. I post 2 pictures. one is to show you the reason why i was looking for a short entry... and the other was the entry. Have a great weekend and see you monday for great trades again
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  • #518
  • May 17, 2023 8:50am May 17, 2023 8:50am
Good morning folks! Seems to be quiet here this week so there is my trade of this morning... feel free to comment
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  • #519
  • May 17, 2023 10:53am May 17, 2023 10:53am
TRADE 2
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  • #520
  • May 18, 2023 3:20am May 18, 2023 3:20am
Quoting Eurusdforex
Good morning folks! Seems to be quiet here this week so there is my trade of this morning... feel free to comment {image}
Hey Eurusdforex, I've been busy recently plus XAU/USD have been choppy so I didn't trade much. I saw some nice movements on EUR/USD instead.

As for your trades, the first two IRBs were a little aggressive. First one maybe better to see another lower high prior the break and second one more buildup, but you knew that. Anyway, they were doable nonetheless. The last IRB was very nice in term of development in the box, maybe not a perfect squeeze but acceptable.

Just one question, when you took the second IRB after the loss, how did you feel? Are you sure you didn't enter the second trade for emotional reasons? Because this time worked out but in the long term it may backfire, you know that.
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