Volman Style (70-tick chart) | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

The Dissent Channel: Volman Price Action 33 replies

What platform has tick by tick (multiple chart filling) data replay? 4 replies

Tick Size, Tick Rate, Tick Spread, and Tick Logger indicators 36 replies

Indicator Tick Chart Vs. Broker Tick Chart 0 replies

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

Volman Style (70-tick chart)

  • #701
  • Aug 30, 2023 10:04am Aug 30, 2023 10:04am
Hello guys,

I finally had the time to properly comment the charts and post my session of today. The trade was particularly lucky, don't expect to see many other pops like that. The afternoon wasn't so meaningful but I still included it with some comments.

Some recap of the strategy and settings:

- EUR/USD 5-min;
- 25 EMA;
- 50-levels as round numbers of significance (example: 1.0800 and 1.0850 are 50-levels);
- 200 pips vertical scale;
- 8 hours (96 bars) horizontal scale;
- 10 pips net SL, 20 pips net TP, 1 pip commission (even if I pay a little less). So the prices need to travel 21 pips to reach TP and 9 to reach SL;
- setups of the second book (pattern break, pattern break pullback, pattern break combi, pullback reversal, trade for failure);
- manual exits of the second book (news report, resistance and reversal);
- arrows mark the entry candle, a check (V) marks the candle in which the TP is reached, similarly a cross (X) for the SL and a star for manual exits (either in profit or loss).

For Kamuntu, the trades aren't bad. Maybe the thin buildup in the first one and the M to the left in the second trade are some concerns, but I think they were doable after all. What I would have done is trailing more sharply, in particular in the first trade. I think there wasn't much point in staying in after the first pullback low was broken by another bearish power bar.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-5min-2023.08.30-1.png Size: 65 KB
Click to Enlarge Name: EURUSD-5min-2023.08.30-2.png Size: 61 KB
  • #702
  • Aug 30, 2023 11:03am Aug 30, 2023 11:03am
Quoting GC-Finance
Hello guys, I finally had the time to properly comment the charts and post my session of today. The trade was particularly lucky, don't expect to see many other pops like that. The afternoon wasn't so meaningful but I still included it with some comments. Some recap of the strategy and settings: - EUR/USD 5-min; - 25 EMA; - 50-levels as round numbers of significance (example: 1.0800 and 1.0850 are 50-levels); - 200 pips vertical scale; - 8 hours (96 bars) horizontal scale; - 10 pips net SL, 20 pips net TP, 1 pip commission (even if I pay a little...
Very nice trades GC,.. And thanks for your insight.
  • #703
  • Aug 30, 2023 1:46pm Aug 30, 2023 1:46pm
Quoting GC-Finance
Hello guys, I finally had the time to properly comment the charts and post my session of today. The trade was particularly lucky, don't expect to see many other pops like that. The afternoon wasn't so meaningful but I still included it with some comments. Some recap of the strategy and settings: - EUR/USD 5-min; - 25 EMA; - 50-levels as round numbers of significance (example: 1.0800 and 1.0850 are 50-levels); - 200 pips vertical scale; - 8 hours (96 bars) horizontal scale; - 10 pips net SL, 20 pips net TP, 1 pip commission (even if I pay a little...
It must have taken a lot of patience to keep an eye on the market whole day. 20 pips is a nice amount of profit, I'm pretty sure Volman has once mentioned you only need 2 pips a day to grow your account. Personally I would zoom in a little, even on a big monitor. Personal preference, after all.
  • #704
  • Sep 4, 2023 5:39am Sep 4, 2023 5:39am
GBPUSD, two trades in this morning
First RB, SL got trigerred
second IRB, take profits at the 43, got triggered but not filled so I got out in the around the 40 .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_14.png Size: 8 KB
Click to Enlarge Name: Screenshot_15.png Size: 9 KB
  • #705
  • Sep 5, 2023 5:19am Sep 5, 2023 5:19am
Morning guys,
Few trades this morning.
First chart an IRB on the UERUSD, aggressive entry I got out as I saw the market printing the little bottom matching the bottom to the left which basically formed a double bottom in the range, exit was at entry.

Second trade was an ARB on the GBPUSD, same situation concerning the exit. Tipping point got breached.

last trade for this morning was a BB on the GBPUSD, the setup located above the 40 level. I got out when the 40 level got breached to avoid the possible 50 level retest.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_19.png Size: 8 KB
Click to Enlarge Name: Screenshot_20.png Size: 9 KB
Click to Enlarge Name: Screenshot_21.png Size: 9 KB
  • #706
  • Sep 6, 2023 11:14am Sep 6, 2023 11:14am
US/EU overlap trades.
I'm currently trading the GBPUSD and the EURUSD, below are attached the notes on every trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_22.png Size: 12 KB
Click to Enlarge Name: Screenshot_23.png Size: 13 KB
Click to Enlarge Name: Screenshot_24.png Size: 12 KB
  • #707
  • Edited 12:48pm Sep 6, 2023 11:43am | Edited 12:48pm
Hello Kamuntu how you doing my men ? I see on your charts that you improving with your vision and its great men keep it up!

But you need to be verry careful with the ''market pressure''

I trade EURUSD on my side this morning and after the red folders news (your first chart) It was WAY TO SOON to think about a long position I understand your perspective about that a support was forming but men when you check the big picture the market was really bearish so i dont said that if you take a long you will automaticly lose, but you need to find the ''good odds setups'' this is what is all about!

Second picture you take a short against a 4 bottom close to the 00 level. So again follow the pressure on this one just no action needed just need to wait patiently to see what the market will do.

The third one is a little bit better because we clearly see that the market try to buildup in a big range to ''maybe retest 20 level. but against when I say GOOD ODDS setup . If you take a long there your need to crack all the resistance at your left + the market was bearish last hours + you need to crack the 20 level who is at 3-4 pips over your entry so not a good odds setup.

I hope all of this make sens for you my men. Just keep going you clearly improve. Just need to sharper your eyes to see price action on the big picture.


Have a great one my men
  • #708
  • Sep 10, 2023 8:29am Sep 10, 2023 8:29am
I am writing this to all of you not because I want to ask a question from you on price action or something else related to it. I am writing this because I want to know if is there any chance for me to succeed in this business, all I have got in return from working hard is failure. I have lost all of my money even my Mother's money thinking that I will correct my mistakes, become a good trader and pay her back and she will see her son has achieved something in life but all I did is hurt her and disappointed her. I have no college degree, I dropped out of college to become a trader, now I have a little money for a final shot in this business. All I ever wanted from this business was a good life so I can help my mother, now I think I have lost that chance as well.
I just want to end my life. Why always me?
  • #709
  • Sep 10, 2023 9:04am Sep 10, 2023 9:04am
Good morning Hardandsmart !
I hope you're feeling a little better than you were 30 minutes ago. Men i dont really know what to answer about your message. Trading is hard men really hard. We need to keep in mind that we play against BIG BOY (best persons in the planet with unlimited financial resources) and this is not ours case.. We just need to find a ''little'' edge on ours trading and try to pick some pips out of the market with ours edge.. Said like this sound easy but men its not.. I understand yours struggles and all of trader got somes struggles.. more at the beggining of the journey but still some struggle when you can make money. Can i ask you why did your trading doesnt work like you want it ? And by the way I have no college degree to... So dont worry or be shame with this.

Have a great sunday !
  • #710
  • Sep 10, 2023 9:30am Sep 10, 2023 9:30am
Quoting Eurusdforex
Good morning Hardandsmart ! I hope you're feeling a little better than you were 30 minutes ago. Men i dont really know what to answer about your message. Trading is hard men really hard. We need to keep in mind that we play against BIG BOY (best persons in the planet with unlimited financial resources) and this is not ours case.. We just need to find a ''little'' edge on ours trading and try to pick some pips out of the market with ours edge.. Said like this sound easy but men its not.. I understand yours struggles and all of trader got somes struggles.....
Thanks for showing your support, means a lot to me. Thankyou very much.
Coming to your question.
I have my trading rules in place and my strategy but I fail to follow them everyday, I do good for a week or two then I go on a losing cycle that blows up my evaluation account. And after losing again and again I have also become very frustrated and impatient. So to get my hands on money as soon as possible I increase position sizing to a very highly risky level so that in just couple of trades I can pass my evaluation account and get myself a real funded account. But in the end all I did was blowing up accounts again and again.
On Friday my laptop battery also got damaged and needs a replacement but I don't have any money because I have money only for evaluation account. When this happened I just lost myself and I don't know what to do now.
  • #711
  • Sep 10, 2023 9:38am Sep 10, 2023 9:38am
Men no problem its always great to talk with other traders and share ours experiences and ours struggling.

Do you know why you going on a losing cycle ? Did you follow your rules during this losing cycle?
  • #712
  • Sep 10, 2023 9:53am Sep 10, 2023 9:53am
Quoting Eurusdforex
Men no problem its always great to talk with other traders and share ours experiences and ours struggling. Do you know why you going on a losing cycle ? Did you follow your rules during this losing cycle?
I followed my rules in losing cycle but after having 4 losses in a row I just lost my temper and patience. Then I broke all of my rules and started taking trades that were not part of my strategy.
  • #713
  • Sep 10, 2023 10:17am Sep 10, 2023 10:17am
good so there is the point. I dont know if you have test your strategy this much but when you backtest your strategy so much time that YOU KNOW that in the long term you will get a edge over the market.4 loss in a row hurt for sure but just keep going and maybe the next day you will get 4 wins in a row... Or just adjust your rules exemple after 3losses just shut down your computer and done day.. See you tomorow ? Men we just CANT win every trade its impossible. We can have a great setup and still lose and sometimes the setup is not perfect but its a winner. When you enter a trade YOU NEVER KNOW whats the market will do. So you need to be causious and enter just the trade that you know you get a edge... And you need to trust your strategy to get at this level...

Now about the challenge. I know everybody wants everything RIGHT NOW and some youtuber try to show us that they can make a challenge with one trade but in reality its just not that way that it works... The prop firm are more then happy when you lose and you became a savage on the market with over trading and over leveraging... because they know that you will pay the ''retry'' and you will rush the process. I think (correct me if im wrong) the propfirm give unlimited time now to pass your challenge so why did you want to make it in one day or one week or 2 weeks? Just take the time that you need and trade the AAA setups. thats it . Win or lose you keep going. And i dont know wich strategy you trade but NEVER risk more then 1-2% by trade. NEVER!!!! Your not alone on the boat of blowing account after couple losses. They already know that you will become a crazy trader before you start your challenge so dont take it personal haha.

so my advice to you is : if YOU want to make money and not let other people make money on your back be prepared men be fucking prepared ! Because it will be hard sometimes most of the time reading charts are easy but emotionaly its hard... So you need to be PATIENT and DISCIPLINE. if you already loss your challenge. I think some propfirm give some ''free trial'' so just start there. Yes i know it sucks because you will not get funded next week but who cares ? Why not just sharper your trading with NO PRESSURE and just having fun to try to overcome your ''big life challenge'' if i notice your first message this morning its the case for you...

Just dont believe what you see on internet where you see a kid of 20 years winning like 100k a day with 1 trade it just doesnt work like this. You need to be consistant and work hard and pay the price with hours and hours of work and yess some losses. But you need to learn about this one. To not make the same mistake every two weeks...

So men again take cares , maybe take some days off to resharper your mind. Life is precious men and i dont think trading worth your life price...

Oh and by the way When you will get consistant you maybe will not make 100k a day but dont worry you will get your moms back forever and she will be proud of her son.

Cheers
  • #714
  • Sep 10, 2023 12:00pm Sep 10, 2023 12:00pm
Quoting Eurusdforex
good so there is the point. I dont know if you have test your strategy this much but when you backtest your strategy so much time that YOU KNOW that in the long term you will get a edge over the market.4 loss in a row hurt for sure but just keep going and maybe the next day you will get 4 wins in a row... Or just adjust your rules exemple after 3losses just shut down your computer and done day.. See you tomorow ? Men we just CANT win every trade its impossible. We can have a great setup and still lose and sometimes the setup is not perfect but its...
Thank you man. Thank you so much for your support .
I will follow everything you are suggesting and make myself a better trader and a better man. I won't let anyone down who believed in me, definitely not my lovely mother .
  • #715
  • Sep 11, 2023 1:58am Sep 11, 2023 1:58am
Hello Hardandsmart,

I'm terribly sorry to hear that. First of all, I completely agree with Eurusdforex but let me say something more. At this point, I don't think you can overcome the emotional pressure and get the discipline you need. You're just too frustrated, disappointed, upset and who knows what's more, to overcome the emotional issues that trading sets up. You need to recharge your emotional battery and options like a holiday or a long period off are ruled out since there's a problem with money here.

In my opinion, you should find another way to get some money. Let's say a job, even part time. It would reduce the emotional pressure by making you proud of earning at least some money, while at same time giving some "calmness" to your mind. In the meantime, you keep trading, if necessary you change the style (like swing trading) so that it wouldn't require so much time. You stick to it until you're perfectly calm with trading and profitable, then you can quit the job and be fully a trader.

Think about it. In my opinion, what you're doing now is like trying to run a marathon with a broken leg. You should first fix the leg and then slowly restart running. There's just too much emotional pressure in your trading, at this point.

I hope you feel better now, I send you all the support I can. Stay strong and be kind to yourself!
  • #716
  • Sep 11, 2023 2:06am Sep 11, 2023 2:06am
Quoting GC-Finance
Hello Hardandsmart, I'm terribly sorry to hear that. First of all, I completely agree with Eurusdforex but let me say something more. At this point, I don't think you can overcome the emotional pressure and get the discipline you need. You're just too frustrated, disappointed, upset and who knows what's more, to overcome the emotional issues that trading sets up. You need to recharge your emotional battery and options like a holiday or a long period off are ruled out since there's a problem with money here. In my opinion, you should find another...
Thank yo GC
  • #717
  • Sep 11, 2023 9:00am Sep 11, 2023 9:00am
Quoting Hardandsmart
I am writing this to all of you not because I want to ask a question from you on price action or something else related to it. I am writing this because I want to know if is there any chance for me to succeed in this business, all I have got in return from working hard is failure. I have lost all of my money even my Mother's money thinking that I will correct my mistakes, become a good trader and pay her back and she will see her son has achieved something in life but all I did is hurt her and disappointed her. I have no college degree, I dropped...
Hello Hardandsmart,
Power to you my guy. After all that was said here I feel there is so little to add.
First of all keep courage and be strong and I believe you can ma bro.

Something else, I actually learnt this from here in the forum(Thanks GC), expecting to cover all your living expenses with trading when you are starting out is quiet difficult. So, get a job and you will trade peacefully knowing you won't have to rely on trading to live.

And, don't fall in the cycle of doom trying to trade every strategy out there, the truth is, any strategy can work and there is money to be made out of it. The issue ain't the strategy at all, but us. Pick one and stick with it until you make it.

I'd also like to share with you this passage from the best losers win by Tom Hougard:

"But you made the lessons obscure. You designed it to look easy. But it was never easy. You made everyone believe that you could be danced with through models, through equations, through indicators, through conventional thinking and through logic. But often there is little logic to you. And I struggled to dance with you for years, until one day by chance you told me your secret.
You told me to stop trying to understand you. You told me to understand myself.
I stopped trading.
I took the time to understand myself, and I came back. And when I returned to the dance floor, you welcomed me with open arms, smiled, and said, “Welcome back, I see you get it now. Did you bring the band-aids?”
And I did. Best loser wins. "

I take a look on the pics below to remind myself of what this is all about, I hope they help.

Lastly, don't give up man, failing sucks but if you give up there is no chance you will succeed and when you succeed you will look back and be proud of yourself knowing that you took the great path.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: _trading.motivation_1690220208201.jpeg Size: 168 KB
Click to Enlarge Name: _tradingpsychology_1691856412131.jpeg Size: 95 KB
  • #718
  • Sep 11, 2023 9:21am Sep 11, 2023 9:21am
Quoting Eurusdforex
Hello Kamuntu how you doing my men ? I see on your charts that you improving with your vision and its great men keep it up! But you need to be verry careful with the ''market pressure'' I trade EURUSD on my side this morning and after the red folders news (your first chart) It was WAY TO SOON to think about a long position I understand your perspective about that a support was forming but men when you check the big picture the market was really bearish so i dont said that if you take a long you will automaticly lose, but you need to find...
I swear it took me quiet a time to grasp this. Thanks so much EurUsdforex.
  • #719
  • Sep 11, 2023 9:26am Sep 11, 2023 9:26am
Quoting Kamuntu
{quote} Hello Hardandsmart, Power to you my guy. After all that was said here I feel there is so little to add. First of all keep courage and be strong and I believe you can ma bro. Something else, I actually learnt this from here in the forum(Thanks GC), expecting to cover all your living expenses with trading when you are starting out is quiet difficult. So, get a job and you will trade peacefully knowing you won't have to rely on trading to live. And, don't fall in the cycle of doom trying to trade every strategy out there, the truth is, any...
Thanks Kamuntu. I know I'm going through the hardest days of my life. But in the past two days what all of you guys has said made me realise that I was trading through a very wrong mindset. I was trading because I wanted to brag my achievements and show off my money to the people who treated me poorly in my past who disrespected my mother. I know the market doesn't care about anyone's past or future or what they have been through. I think I am putting my expectations, my past bad life experiences and my ego onto to the market and we all know the market doesn't care about us. The market rewards only those people who put thier past and ego aside and trade from a humble mindset. I guess I was too selfish and self centred that when I will make money people will come to me and then when they will come to me, I disrespect them and mock them like they used to mock me and my mother.

I know it's hard and all I am doing here is, I am making it even harder for me. The market respects the traders who are humble, who are disciplined, who are patient and traders who have no personal agenda that they want to achieve through the market. You guys made me realise that I have to move on and leave behind my past and focus on becoming a good trader mentally and technically.
Thank you so much for your support and love. You guys are the real heroes.
In future maybe we all will meet each other one day and look back at these moments and say WE ALL MADE IT.
  • #720
  • Sep 11, 2023 10:54am Sep 11, 2023 10:54am
US and Europe overlap. That was it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_27.png Size: 10 KB
0 traders viewing now