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Volman meets Burke or My journey with PA

  • #3,461
  • Aug 16, 2023 2:03pm Aug 16, 2023 2:03pm
Quoting spzd
Remember, while the "elite" get more and more control, EVERY FUCKING THING THEY TELL YOU IS A LIE.
To reinforce your statement with an example:

Inserted Video
Virtue signaling is for those who are devoid of actual virtue
  • #3,462
  • Aug 16, 2023 7:11pm Aug 16, 2023 7:11pm
Quoting Butters
{quote} I bought this supply/demand zone indicator and it's the bee's knees. Been tearing it up on GBP/AUD on the 2 minute chart. It's not unusual at all to get 2 or 3 good trades a day. I'll pass my prop eval in no time (hopefully lol), will be signing up on Monday the 28th. Other than that just watching the latest episodes of the current events shit show and eating ice cream. lol https://www.mql5.com/en/market/produ...g006%3aflosoft
Looks good. However, any idea how they define the SnD zone? From the images, looks like sometimes they used the OB, and other times they used only the wick.
Success = Practice + Patience + Persistence
  • #3,463
  • Aug 16, 2023 7:34pm Aug 16, 2023 7:34pm
Quoting fxpider
{quote} Looks good. However, any idea how they define the SnD zone? From the images, looks like sometimes they used the OB, and other times they used only the wick.
I'm not sure how they defined them. Is there even a difference between SD zones and order blocks? I hear people use them interchangeably quite a bit. I've never studied ICT or SMC so I'm not the best person to talk about OB's.
Virtue signaling is for those who are devoid of actual virtue
  • #3,464
  • Edited 7:48pm Aug 16, 2023 7:37pm | Edited 7:48pm
Quoting Danger-Mouse
{quote} Yes, it's a good and well used pattern. The first engulf at A is not enough for a turn..and price frequently breaks the low..your point 1. Safer to wait for an engulf and a further engulf of the engulf... B&C ,,before the buy at 3. Also nice to see price do the red line and your point 2 fakes out a recently created low at 4...it's like it's searched south as far as it can go before confirming north. {image} Trading is pinball {image}
Nice schema.

However, more confirmations = bigger stop loss, and yet still, the trade can go RED.
From my observations, after the first engulf (B) and the first HL (2), the price often runaway without a further deep retracement.
Success = Practice + Patience + Persistence
  • #3,465
  • Aug 16, 2023 7:56pm Aug 16, 2023 7:56pm
Quoting Butters
{quote} I'm not sure how they defined them. Is there even a difference between SD zones and order blocks? I hear people use them interchangeably quite a bit. I've never studied ICT or SMC so I'm not the best person to talk about OB's.
SR zoned, SD zones, and OB all are the same, IMO. The only difference is how they are marked on the chart. It's not clear how the above indi defines the zone, as in some instances the body and the shadow of the candle are used and in other times only the shadows (no body) were in use.
Success = Practice + Patience + Persistence
  • #3,466
  • Aug 17, 2023 3:12am Aug 17, 2023 3:12am
Quoting fxpider
{quote} SR zoned, SD zones, and OB all are the same, IMO. The only difference is how they are marked on the chart. It's not clear how the above indi defines the zone, as in some instances the body and the shadow of the candle are used and in other times only the shadows (no body) were in use.
In essence, IMO, what we are looking for is where a reversal happened, Engulf pattern that broke Market Structure after it happened.

It is the candle that is engulfed that forms the "order block" or SD Zone.
It never gets easier, you just get better
  • #3,467
  • Aug 17, 2023 5:31am Aug 17, 2023 5:31am
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It never gets easier, you just get better
  • #3,468
  • Aug 17, 2023 5:37am Aug 17, 2023 5:37am
Quoting Butters
{quote} To reinforce your statement with an example: https://www.youtube.com/watch?v=7BTEGhfI9mU
Well who can one believe. It seems that whatever country you live in- East or West- it is the ruling Elite who decide who you/we, the ordinary guy/gal in the street, should believe or what you should believe. They want their version of reality to be yours. They are like shepherds who move their flock around to wherever it suits them. The best bit is that they use the "ordinary" person in the street ( the masses) to help them - rather like breaking a strike by calling in contract labour - masses versus the masses until the Elite has them ( sheep) safely under their control in their allotted pens.
every Saint has a past. Every Sinner has a Future
  • #3,469
  • Aug 17, 2023 10:23am Aug 17, 2023 10:23am
Quoting Butters
{quote} To reinforce your statement with an example: https://www.youtube.com/watch?v=7BTEGhfI9mU
The whole thing was an op. FBI needs to be disbanded. DOJ needs to be seriously restricted.
Mark ... Everything you have been told is a LIE
  • #3,470
  • Aug 17, 2023 10:43am Aug 17, 2023 10:43am
Order blocks as defined by ict are just SD zones basically. True order blocks require volume. One cannot see where a true order block is on a naked chart.

Many say an order block is the first up/down bar after a move down/up that is not broken. That is not true as that area could be but a trap without any significant volume that would make it an order block. Many other areas that are defined as order blocks have very little volume in them which violates the definition for an order block making them something else entirely. They can be traded in a similar manner. To better understand those areas one needs to dig deeper into Wycoff and others.

The basic definition of an order block is either a LARGE block of volume or many smaller blocks all coming at the same time.

That indicator page mentions they use hull MA and certain candle patterns to determine some of the areas. You can also choose divergence from a number of different oscillators.
Mark ... Everything you have been told is a LIE
  • #3,471
  • Aug 17, 2023 10:55am Aug 17, 2023 10:55am
Quoting spzd
......... True order blocks require volume..... The basic definition of an order block is either a LARGE block of volume or many smaller blocks all coming at the same time. That indicator page mentions they use hull MA and certain candle patterns to determine some of the areas. You can also choose divergence from a number of different oscillators........
Spot on and thank you for the info.
Success = Practice + Patience + Persistence
  • #3,472
  • Aug 17, 2023 11:50am Aug 17, 2023 11:50am
Quoting spzd
Order blocks as defined by ict are just SD zones basically. True order blocks require volume. One cannot see where a true order block is on a naked chart.
1. Order blocks as defined by ict are just SD zones basically. Agree

2. True order blocks require volume. Agree

3. One cannot see where a true order block is on a naked chart. Disagree

Point 3. This really depends on what your understanding is of an Order Block and how to define it & draw it on a chart.

Hand drawn is the best method, then you actually understand what is happening with Price Action.

Some zooming out of the chart or HTF view is necessary to see a bigger picture.

I think SD Zones, Order Blocks etc. are marketing gimmicks to sell you indicators & EA's when Your Psychology & Risk Management are more important.
It never gets easier, you just get better
  • #3,473
  • Aug 17, 2023 8:03pm Aug 17, 2023 8:03pm
Quoting Shabs19
{quote} ..... 1. Order blocks as defined by ict are just SD zones basically. Agree
2. True order blocks require volume. Agree
3. One cannot see where a true order block is on a naked chart. Disagree Point 3.....
My understanding is, by the naked chart, he was indicating a chart without the volume info.
Success = Practice + Patience + Persistence
  • #3,474
  • Aug 17, 2023 11:43pm Aug 17, 2023 11:43pm
Quoting fxpider
{quote} My understanding is, by the naked chart, he was indicating a chart without the volume info.
Correct
Mark ... Everything you have been told is a LIE
  • #3,475
  • Aug 18, 2023 1:48am Aug 18, 2023 1:48am
Quoting fxpider
{quote} My understanding is, by the naked chart, he was indicating a chart without the volume info.
You don't need Volume to see an order block, you require experience & a lot of backtesting to see how they form on your chart and what to expect.

Some well placed lines on a naked chart is enough.

Isn't Volume Data unreliable, especially Forex ?
It never gets easier, you just get better
  • #3,476
  • Aug 18, 2023 2:06am Aug 18, 2023 2:06am
Quoting Shabs19
{quote} You don't need Volume to see an order block, you require experience & a lot of backtesting to see how they form on your chart and what to expect. Some well placed lines on a naked chart is enough. Isn't Volume Data unreliable, especially Forex ?
Different traders, and different views but everyone is right as long as it's working for them.

As you posted in the other thread.

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Success = Practice + Patience + Persistence
  • #3,477
  • Aug 18, 2023 2:42am Aug 18, 2023 2:42am
Quoting fxpider
{quote} Different traders, and different views but everyone is right as long as it's working for them. As you posted in the other thread. {image}
Standing that close to an elephant, likely to get trampled.
It never gets easier, you just get better
  • #3,478
  • Aug 18, 2023 10:45am Aug 18, 2023 10:45am
Quoting Shabs19
{quote} You don't need Volume to see an order block, you require experience & a lot of backtesting to see how they form on your chart and what to expect. Some well placed lines on a naked chart is enough. Isn't Volume Data unreliable, especially Forex ?
Volume data in forex is very unreliable. Most "real" volume is through your br0ker only. The only reliable forex volume would be through the futures market.

Those lines point to support/resistance levels. Highs/lows of various time frames are S/R. Accumulation points are S/R. That does not mean there is an order block, by my definition, at those areas.

Levels of various kinds, however, are of great value in a slow environment like forex.

All my interpretation.
Mark ... Everything you have been told is a LIE
  • #3,479
  • Edited 12:00pm Aug 18, 2023 11:22am | Edited 12:00pm
Quoting spzd
{quote} Volume data in forex is very unreliable. Most "real" volume is through your br0ker only. The only reliable forex volume would be through the futures market. Those lines point to support/resistance levels. Highs/lows of various time frames are S/R. Accumulation points are S/R. That does not mean there is an order block, by my definition, at those areas. Levels of various kinds, however, are of great value in a slow environment like forex. All my interpretation.
My own interpretation of an order block, is it could be a single candle or a tight accumulation, especially around Market Opens, News Events, Pivot Levels or even Round Numbers. The important thing is there is a large move coming from there, with a Break of Market Structure.

A visit back to this OB will prompt the same reaction, maybe even larger move than the first one.

OB is an area where the Market has a very large order to execute, but to do it without the price moving away rapidly getting bad fills for the instigator.

There is always some element of "grading" involved to find the best OB's.

A bit like the Elephant picture, if you know which way it's facing and where you are in relation to it, you can act accordingly.
It never gets easier, you just get better
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