Volman meets Burke or My journey with PA | Page 149 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Volman Style (70-tick chart) 751 replies

Understanding Price Action by Bob Volman (notes and examples) 99 replies

The Dissent Channel: Volman Price Action 33 replies

Bob Volman & TMT System 16 replies

pls share your journey 10 replies

Attachments: Volman meets Burke or My journey with PA
Exit Attachments

Volman meets Burke or My journey with PA

  • #2,961
  • Jun 27, 2023 5:48am Jun 27, 2023 5:48am
One of the things he mentioned that few pay attention to anymore because of the 24 hour electronic trading is the RTH v ETH. Regular trading hours vs "electronic" trading hours or what the CME calls Globex.

When the markets were not as "manipulated" there was no 24/5 trading. It was all limited to the US day time. I dabbled in the futures in the 1990s, mostly live cattle vs feeder cattle spreads. You had to know all the correct jargon to put on trades when you called the broker. And yes the fills were full of "slippage".

When trading instruments that are mainly based on US futures it would be wise to take into account this info of RTH v ETH.
Mark ... Everything you have been told is a LIE
  • #2,962
  • Jun 27, 2023 6:00am Jun 27, 2023 6:00am
Instruments like US indices, oil, and gold would be based on the US session. The Dax would be on a German time frame, etc. Most traders are trading CFDs based off either spot or futures (I think it varies from one broker to another).

I will need to delve a bit deeper for currencies.
Mark ... Everything you have been told is a LIE
  • #2,963
  • Jun 27, 2023 7:28am Jun 27, 2023 7:28am
Off Topic but you may find of interest for ideas
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GER30M5g.png Size: 27 KB
Click to Enlarge Name: GER30H1h.png Size: 25 KB
  • #2,964
  • Jun 27, 2023 7:37am Jun 27, 2023 7:37am
Quoting OAPDave
Off Topic but you may find of interest for ideas {image}
Not really off topic as it covers trading.


A quick point to the specifics as there are a few things going on there.
Mark ... Everything you have been told is a LIE
  • #2,965
  • Jun 27, 2023 7:42am Jun 27, 2023 7:42am
Here is the MESU23 M5. Magenta is current day open, blackish is previous day close (close is actually 1600 NY, there is always price up to 1659 NY), the green box is the opening gap from yesterday's close and today's open.

Attached Image (click to enlarge)
Click to Enlarge Name: MESU23M5.png Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: MESU23M5-2.png Size: 23 KB
Mark ... Everything you have been told is a LIE
  • #2,966
  • Jun 27, 2023 7:44am Jun 27, 2023 7:44am
Quoting spzd
{quote} Not really off topic as it covers trading. A quick point to the specifics as there are a few things going on there.
This might be the best way to understand the rules
Inserted Video
  • #2,967
  • Jun 27, 2023 7:46am Jun 27, 2023 7:46am
Currently today is within yestrday's NY pm session.

Attached Image (click to enlarge)
Click to Enlarge Name: MESU23M5-3.png Size: 33 KB
Mark ... Everything you have been told is a LIE
  • #2,968
  • Jun 27, 2023 7:49am Jun 27, 2023 7:49am
M1

Attached Image (click to enlarge)
Click to Enlarge Name: MESU23M1.png Size: 22 KB
Mark ... Everything you have been told is a LIE
  • #2,969
  • Jun 27, 2023 7:50am Jun 27, 2023 7:50am
Quoting spzd
M1 {image}
The opening gap was closed after the news.
Mark ... Everything you have been told is a LIE
  • #2,970
  • Jun 27, 2023 9:17pm Jun 27, 2023 9:17pm
Take the children and yourself
And hide out in the cellar
By now the fighting will be close at hand
Don't believe the church and state
And everything they tell you
Believe in me, I'm with the high command

Can you hear me, can you hear me running?
Can you hear me running, can you hear me calling you?
Can you hear me, can you hear me running?
Can you hear me running, can you hear me calling you?

There's a gun and ammunition
Just inside the doorway
Use it only in emergency
Better you should pray to God
The Father and the Spirit
Will guide you and protect from up here

Can you hear me, can you hear me running?
Can you hear me running, can you hear me calling you?
Can you hear me, can you hear me running?
Can you hear me running, can you hear me calling you?

Swear allegiance to the flag
Whatever flag they offer
Never hint at what you really feel
Teach the children quietly
For some day sons and daughters
Will rise up and fight while we stood still

Inserted Video
Mark ... Everything you have been told is a LIE
  • #2,971
  • Jun 28, 2023 3:09am Jun 28, 2023 3:09am
Quoting spzd
Take the children and yourself And hide out in the cellar By now the fighting will be close at hand Don't believe the church and state And everything they tell you Believe in me, I'm with the high command Can you hear me, can you hear me running? Can you hear me running, can you hear me calling you? Can you hear me, can you hear me running? Can you hear me running, can you hear me calling you? There's a gun and ammunition Just inside the doorway Use it only in emergency Better you should pray to God The Father and the Spirit Will guide you and protect...
For some reason, it shows "Video Not available "

Its a classic track :

Inserted Video
It never gets easier, you just get better
  • #2,972
  • Jun 28, 2023 4:57am Jun 28, 2023 4:57am
Quoting Shabs19
{quote} For some reason, it shows "Video Not available " Its a classic track : https://www.youtube.com/watch?v=Ddi2TBnzdPo
I think that some videos are set to only certain areas.
Mark ... Everything you have been told is a LIE
  • #2,973
  • Jun 28, 2023 5:20am Jun 28, 2023 5:20am
Attached Image (click to enlarge)
Click to Enlarge Name: rule1.png Size: 13 KB
Mark ... Everything you have been told is a LIE
  • #2,974
  • Jun 28, 2023 6:46am Jun 28, 2023 6:46am
No brainer. XAUUSD M1

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM1.png Size: 25 KB
Mark ... Everything you have been told is a LIE
  • #2,975
  • Jun 28, 2023 6:51am Jun 28, 2023 6:51am
Quoting spzd
No brainer. XAUUSD M1 {image}
That was abt a $5 move on the chart. A decent payout for abt 0.3 lots.
Mark ... Everything you have been told is a LIE
  • #2,976
  • Jun 28, 2023 7:41am Jun 28, 2023 7:41am
Hope you do not mind
I find this an interesting view
Attached Image (click to enlarge)
Click to Enlarge Name: GER30Dailyb.png Size: 29 KB
  • #2,977
  • Jun 28, 2023 7:45am Jun 28, 2023 7:45am
Quoting spzd
No brainer. XAUUSD M1 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM1-2.png Size: 29 KB
Mark ... Everything you have been told is a LIE
  • #2,978
  • Jun 28, 2023 7:46am Jun 28, 2023 7:46am
Quoting OAPDave
Hope you do not mind I find this an interesting view {image}
You're good man.

Put some text with them every now and again so we have context.
Mark ... Everything you have been told is a LIE
  • #2,979
  • Jun 28, 2023 8:03am Jun 28, 2023 8:03am
Quoting spzd
{quote} You're good man. Put some text with them every now and again so we have context.
Ok I will try
But the rules are a little long winded
That's why I sent the video
Without knowing the full set of rules my explanation might seem a little double Dutch to some
The levels of interest are
H3 H4
L3 L4
Look for tests both successful
and fails
H4 L4 possible Breakout levels
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NAS100Dailyc.png Size: 28 KB
Click to Enlarge Name: SPX500Dailyd.png Size: 28 KB
Click to Enlarge Name: US30Dailye.png Size: 29 KB
  • #2,980
  • Jun 28, 2023 8:04am Jun 28, 2023 8:04am
Central bank blow hards today. Not paying that much attention.
Mark ... Everything you have been told is a LIE
5 traders viewing now