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Volman Style (70-tick chart)

  • #601
  • Jun 13, 2023 8:55am Jun 13, 2023 8:55am
Good morning my friend ! how you doing ? Pretty boring morning on my side haha !! no valid safe setup . On your side ?
  • #602
  • Jun 13, 2023 9:05am Jun 13, 2023 9:05am
Quoting Eurusdforex
Good morning my friend ! how you doing ? Pretty boring morning on my side haha !! no valid safe setup . On your side ?
Hey man, same story here, I'm very bored ahah! All setups are too aggressive on the gold too. I checked EUR/USD and saw that it's the same story, like you said. Let's wait for something better and keep skipping the bad ones without getting caught by FOMO!
  • #603
  • Jun 13, 2023 9:47am Jun 13, 2023 9:47am
FINALLY!! a setup pretty valid on my point of view... the round number maggnet was against me but the .80 level retest was more likely... what do you think about this one ?
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  • #604
  • Jun 13, 2023 11:03am Jun 13, 2023 11:03am
Quoting Eurusdforex
FINALLY!! a setup pretty valid on my point of view... the round number maggnet was against me but the .80 level retest was more likely... what do you think about this one ? {image}
It was definitely doable man, well done! See you tomorrow, hoping for a better market situation for me too!
  • #605
  • Jun 13, 2023 11:15am Jun 13, 2023 11:15am
thank man the patience pays off on this one.. Despite the boredom, we need to stay focused

Done day for me too ! See you tomorow its great that we trade on the same hours !!!! Hope for a better market tomorow too. PPI news at 8:30 and FOMC at 14h00 so it will be probably savage ! .. We will need to be cautious!
  • #606
  • Jun 14, 2023 7:33am Jun 14, 2023 7:33am
Good morning all !!! Hope everybody is great. Today it will be a little bit different I will try something new because i have some time free. I will give you my perspective on how i manage my setup and my trade LIVE... So there is my trade this morning.. Feel free to comment and i hope my charts updates step by step are easy to follow and understand. Thx !!!!
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  • #607
  • Edited 8:05am Jun 14, 2023 7:51am | Edited 8:05am
I hope it's clear and sorry for my english my SL was always ''under'' the red line and not above.
  • #608
  • Jun 14, 2023 9:57am Jun 14, 2023 9:57am
Trade number 2 with the same step by step stage . with my management. feel free to comment. Note that my SL is always under the red line and my TP is the green one. Thank
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  • #609
  • Jun 14, 2023 9:59am Jun 14, 2023 9:59am
I will watch the FOMC this afternoon but no trade for me just watching the savage mode
  • #610
  • Jun 14, 2023 10:12am Jun 14, 2023 10:12am
Hey man, congratulations for the trades and this live mode is cool! I spotted the second trade too and wondered if you had taken it, then I saw your post.

I also wanted to reply to your previous post, so yes now we trade in the same hours and I was even thinking to try trading one week on EUR/USD 70-tick so we could perfectly match. I realized in these hours it's pretty active and less "messy" than the gold, so it's worth trying. Maybe later on we can even think about a live session or something like that, we will see!
  • #611
  • Jun 14, 2023 10:17am Jun 14, 2023 10:17am
Hello my friend ! I'm glad that you like this live mode It will be not like that all day because this mode take times and concentration because i need to take a lot of screenshots with price update haha!! And really cool again you can guess my trade because you know my style of trading !!!! And yes like you said EURUSD between 8h00 AM - 11h00 AM (east time zone) got some good setup if we are patient ! And yes i like the idea that we can trade live together or maybe create a telegram or something like this to chat live together. I think we are alone here haha
  • #612
  • Jun 25, 2023 3:20am Jun 25, 2023 3:20am
Quoting Eurusdforex
Whats up Norscalp i hope you doing good Do you use Pro Realtime for your tick charts ?
Thanks for the reply, and sorry for the late response!

I did before! But I could not for the life of me figure out how to get the bars to print in increments of 1pip on PRT, I even tried contacting their support, to no avail.
I use Ctrader now, because of the awesome execution of trades. I kinda managed by having up two charts: one normal with 200+ bars presented, and one by the side, very zoomed in and with a line grid in 1 pip distance.. very suboptimal!
  • #613
  • Jun 25, 2023 3:23am Jun 25, 2023 3:23am
Quoting GC-Finance
Hello guys, good morning! Great trade again Eurusdforex! In the beginning I couldn't understand your entry, but then I realized that you wanted to take position at the break of the angular line and some dojis formed next to it, so you took position at the break of the dojis. Well done again! Hi Norscalp, PRT naturally shows increments of 1 pip. If you choose the instrument "Spot EUR/USD" you will see that it's quoted with 4 digits after the comma (rather than 5). So maybe you just selected the wrong instrument.
Thanks, I might not have found the "Spot EUR/USD" when I triend figuring this out, I thought it was a setting of some sort! might have to go for another crack at it on PRT!
  • #614
  • Jun 25, 2023 1:48pm Jun 25, 2023 1:48pm
Hello sir !!!! If you came back on PRT let us know we will probably can help you
  • #615
  • Jun 26, 2023 2:28pm Jun 26, 2023 2:28pm
Quoting Eurusdforex
Hello sir !!!! If you came back on PRT let us know we will probably can help you
Many thanks! I will if I do
  • #616
  • Jul 25, 2023 10:47am Jul 25, 2023 10:47am
Recently finished reading Volman's guide on scalping. Was impressed. However setups are way harder to spot on the chart than I imagined, despite that I have been testing various setups and looking at charts consistently for half a year. I hope there's someone who would inspect my analysis and provide with a feedback.
  • #617
  • Edited 11:06am Jul 25, 2023 10:53am | Edited 11:06am
Thats the first one I noticed, probably because it is quite obvious. Its debatable whether it is a ARB or BB. (BO - breakout, DB - double bottom, DT - double top).
I use an old version of Ninjatrader 8 for charting with FXCM demo. Mainly because the newer version of Ninjatrader is complicated with all the verifications of identity and what not.
(Edit: Im not able to tell exactly, but the small grey line above the setup is a round number zone, which makes the setup more trustworthy.)
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  • #618
  • Edited Jul 26, 2023 6:31am Jul 25, 2023 11:03am | Edited Jul 26, 2023 6:31am
FB (could be traded as a BB, since there are many equal tops, but FB would be first one to appear had I been live trading). One might say its a countertrend setup therefor not reliable. In my opinion the lower low prior to setup wasn't important, as price found support at the 20 level. It also looked more like a wide trading range rather than downtrend. Bear momentum was absorbed by bull doji that was followed by a huge bull candle.
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  • #619
  • Jul 26, 2023 1:58am Jul 26, 2023 1:58am
Whenever there's a trend, setups usually develop quicker. Every trader must be exited on trend days (you might get a with the trend setup in 10 minutes period compared to having to stare at the monitor for 2 hours sometimes to get a breakout setup which might go either direction or setup might appear under unfavourable conditions). 1 setup (orange arrow) is clearly a sideways pullback (BB). I assumed its an uptrend from higher low (1). Second setup (orange arrow) is a FB. It looks perfect from the diagonal perspective, we can also see countertrend momentum vanishing (candles becoming shorter). Had we held prior BB setup as the start of push up, the pullback would retrace approximately 40 percent, therefor meeting Bob's conditions. However if we held higher low (1) as a reference point, setup would be invalid as the pullback would retrace only about 20 percent.
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  • #620
  • Edited 4:28am Jul 26, 2023 2:35am | Edited 4:28am
This RB is quite complicated in my opinion. There were a lot of traps considering the size of trading range. 1 is not even a valid entry - setup hadn't developed at that point as upper signal line was only tested once. It was also a test of 20 round number zone, bulls took advantage of that to push price to the top of the range which resulted in false break, also a lower high. Price rushed down once more, first doji would have been a false breakout, second doji would have produced a tease breakout as there was not enough buildup at that point. It was only 2 bars later after the test of EMA and a bearish doji that the setup could be considered valid as buildup consisted of 4 doji's.

Edit: the setup actually failed after a 5 pip move down, however it could have easily been scratched for couple pips of profit or at worst break even.
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