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

  • #561
  • May 26, 2023 8:32am May 26, 2023 8:32am
Quoting Eurusdforex
Good morning guys hope everybody feeling great ! There is my first trade for this morning. Little bit different this time... The market was bearish and normaly i dont take trade against the pressure but i think this one deserved a try. Let me know what you guys think about this one... Thank again i put again a big picture charts {image} {image}
Hello! Great trade again! This is a classic Pattern Break (PB) from Volman's second book. It looks like you already master the technique before even reading the book! Anyway, it was definitely worth a shot because of the double bottom in strong support plus the higher low next to it. Moreover these rallies after the news often get strongly countered at a certain point.
  • #562
  • May 26, 2023 9:03am May 26, 2023 9:03am
Thank again my friend for your point of view it's really appreciate!! And good to see that we have the same vision on this one
  • #563
  • May 26, 2023 9:09am May 26, 2023 9:09am
On your side GC FINANCE did you trade yesterday or today ? Or just stay relax and patient and watch from the sideline ?
  • #564
  • May 26, 2023 9:20am May 26, 2023 9:20am
Quoting Eurusdforex
Thank again my friend for your point of view it's really appreciate!! And good to see that we have the same vision on this one
You're welcome!

Quoting Eurusdforex
On your side GC FINANCE did you trade yesterday or today ? Or just stay relax and patient and watch from the sideline ?
Yesterday I just took one trade the turned into a shake almost immediately, today in the morning no trades and now I've just taken one, chart attached and comment below. In general not a great week but I still close with a little profit.

The trade would be an IRB top-bounce in Volman's first book terminology or a general PB in his second book. Anyway, the name doesn't really matter, the price action does! So here the bulls encountered resistance on the round number which eventually formed an Mm pattern. I waited for a little squeeze with the EMA and then fire off short. My TP (of 200 net points, as usual) was just above the bottom of the range, which worked as a magnet for the trade. You can see on the way down some blocks of dojis got formed but none of them was broken topside, so I didn't scratch the trade and stayed in until the TP was reached.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD-240tick-2023.05.26-1.png Size: 46 KB
  • #565
  • May 26, 2023 9:29am May 26, 2023 9:29am
Oh wow really nice setup ! Text book with the Mm pattern right at the round number!!! congrats for the management too. like you said no tapping point was breach so you let the trade do his work Great trade ! Keep the good work budy ! And congrats for your positive week
  • #566
  • May 26, 2023 9:37am May 26, 2023 9:37am
What you guys think about this one ? Personaly i dont take the trade . I was a little bit busy on the forum right here hahaha !!! + the price action on the elypse make me feel not confortable... Do you think it was duable ?
Attached Image (click to enlarge)
Click to Enlarge Name: MAY 26 TRADE 2.jpg Size: 172 KB
  • #567
  • May 26, 2023 10:05am May 26, 2023 10:05am
Quoting Eurusdforex
Oh wow really nice setup ! Text book with the Mm pattern right at the round number!!! congrats for the management too. like you said no tapping point was breach so you let the trade do his work Great trade ! Keep the good work budy ! And congrats for your positive week
Thank you so much!

Quoting Eurusdforex
What you guys think about this one ? Personaly i dont take the trade . I was a little bit busy on the forum right here hahaha !!! + the price action on the elypse make me feel not confortable... Do you think it was duable ? {image}
No that was a skip for me too, not so much for the action the ellipse (it was a spike for the news) but mostly for the action before the break. I would like to see a lower high before the squeeze, that maybe would put a ceiling test with the previous high. Moreover the tease break in the middle could still offer some resistance (and it did, a little). Maybe with more aggression it was doable, but not a conservative trade in my opinion.

Anyway, I will close now. Have a great weekend and see you next week!
  • #568
  • May 26, 2023 10:10am May 26, 2023 10:10am
thank you for your clarification you are absolutly right! Have a great weekend on your side too and see you next week for great trading week again
  • #569
  • May 30, 2023 9:09am May 30, 2023 9:09am
Good morning all !!! my first trade for this morning. feel free to comment.
Attached Image (click to enlarge)
Click to Enlarge Name: MAY 30 TRADED 1.jpg Size: 190 KB
  • #570
  • May 31, 2023 2:30am May 31, 2023 2:30am
Quoting Eurusdforex
Good morning all !!! my first trade for this morning. feel free to comment. {image}
Hello, good morning everyone!

Your trade was great once again! Unique problem was the support to the left, but it looks like the break of the dashed line was enough to cause a pop of 10 pips. There was also the round number below as a favorable magnet, so probably the support wasn't a real issue.

I attached the chart with the trade I've just taken, I think it was slightly aggressive but doable (as I wrote on the chart). Feel free to comment too, as always.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD-240tick-2023.05.31-1.png Size: 52 KB
  • #571
  • May 31, 2023 6:21am May 31, 2023 6:21am
Good morning my man!! Really great trade. Like i can see you strategy is based on a market trend. You want to see a clean pullpack (with some touches on a angular line) with some buildup before the break and you are in for 20 pips ? You stay causious with round number probably bob volman same tips on his first and second book good job again my friend ! Keep your good work and your emotions low it will be a great week for you !!!!!
  • #572
  • May 31, 2023 6:58am May 31, 2023 6:58am
Quoting Eurusdforex
Good morning my man!! Really great trade. Like i can see you strategy is based on a market trend. You want to see a clean pullpack (with some touches on a angular line) with some buildup before the break and you are in for 20 pips ? You stay causious with round number probably bob volman same tips on his first and second book good job again my friend ! Keep your good work and your emotions low it will be a great week for you !!!!!
Thank you so much!

For the Pattern Break (PB) setup, it doesn't need to be a trending market but yes you assume that some swings are just pullbacks of stronger moves and therefore you enter in the direction of the stronger move. You anyway need some signs of reversal like M, W or SHS patterns and some buildup, of course. Sometimes it's an angular line, other times an horizontal one. In the latter case it's basically the same as the BB/RB/IRB setups from the first book.

For the Pullback Reversal (PR) setup, yes you trade pullbacks to the EMA in a trending market exactly like DD/FB/SB of the first book.

Overall there is not so much difference between the first and second book, you just maybe use different "visualization" tricks but the story is the same.
  • #573
  • May 31, 2023 9:00am May 31, 2023 9:00am
Good morning folks!!! there is my first trade this morning.. I use again the 00 maggnet

feel free to comment
Attached Image (click to enlarge)
Click to Enlarge Name: MAY 31 TRADE 1.jpg Size: 191 KB
  • #574
  • May 31, 2023 1:56pm May 31, 2023 1:56pm
I've noticed in the last few weeks that my results are better between 8h00am est and 11h00 est. So i only take trades between these two hours. So less trades but good results. Only one trade today and one trade yesterday... Hope that the market will be more volatile in the next few days
  • #575
  • May 31, 2023 2:28pm May 31, 2023 2:28pm
Quoting Eurusdforex
I've noticed in the last few weeks that my results are better between 8h00am est and 11h00 est. So i only take trades between these two hours. So less trades but good results. Only one trade today and one trade yesterday... Hope that the market will be more volatile in the next few days
Yes I believe it, that's also one reason why I stopped trading EUR/USD. It's mostly active in those hours while in the European morning is pretty stall (it wasn't like this before), same for the US afternoon.

If you remember, when you joined this thread, I couldn't understand how you could still have pleasure and good results in trading the EUR/USD 70-tick, then I realized it was just for the different trading hours.

Anyway, back to your point, sure it's better to cut your trading hours shorter then, it's also less emotional stressful! A trade per day is already more than enough and later you can still trade more if the market gets more volatile in other hours.
  • #576
  • May 31, 2023 2:48pm May 31, 2023 2:48pm
100% agreed with you my friend like always
  • #577
  • Jun 5, 2023 8:06am Jun 5, 2023 8:06am
Good morning all I hope you all doing great this monday morning!!!!! There is my first trade.. This one was a text book trade. just be patient and watch closely the .80 level reaction..
Attached Image (click to enlarge)
Click to Enlarge Name: JUNE 05 TRADE 1.jpg Size: 186 KB
  • #578
  • Jun 5, 2023 9:09am Jun 5, 2023 9:09am
Quoting Eurusdforex
Good morning all I hope you all doing great this monday morning!!!!! There is my first trade.. This one was a text book trade. just be patient and watch closely the .80 level reaction.. {image}
Hello man, wow that was a great trade! Textbook setup as you said!

I'll attach a screenshot from this morning. There was a great Ww pattern but I skipped it because the last arch was too tall and wouldn't have resided within my stop. I later took a sort of SHS pattern which I had to scratch for little profit.

Feel free to comment, guys!
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD-240tick-2023.06.05-2.png Size: 52 KB
  • #579
  • Jun 5, 2023 10:30am Jun 5, 2023 10:30am
Hello my friend ! Hope you doing great. The first setup was a great call to not step on this trade. Not much buildup before the break and like you said the SL would have been too far. Your trade (second setup) was great. Me too on my perspective, I would have gone out on this one with the same wick... So really great work ! keep it up be selective and you will have a great week ahead
  • #580
  • Jun 6, 2023 8:04am Jun 6, 2023 8:04am
Good morning folks! hope everybody doing good !! My first trade this morning. Not the best setup. but i think it was duable with the bearish market.. trading in the low of a session is tricky! scratch with a break even on this one...
Attached Image (click to enlarge)
Click to Enlarge Name: JUNE 06 TRADE 1.jpg Size: 185 KB
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