Volman meets Burke or My journey with PA | Page 175 | Forex Factory

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Volman meets Burke or My journey with PA

  • #3,481
  • Feb 7, 2024 6:27am Feb 7, 2024 6:27am
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.
Hi, how to start learn Stacey trading method?
  • #3,482
  • Aug 3, 2024 4:20am Aug 3, 2024 4:20am
You can join his paid educational stuff on his website or do the same with free you-tube videos. There is a play list which he has organised on his youtube subscription.
  • #3,483
  • Aug 21, 2024 12:33am Aug 21, 2024 12:33am
Set up for EURCHF BUY: Free cash Wednesday: Day 3 set up.
Thoughts: Looking at it, Pre London Kz. Peak formation may have been made. Will wait for London session to give me a better price.
MRN: 10 AM EST. FOMC Minutes @ 2PMEST.
Risk: 1%; SL: 15 pips; Calculator - 0.53 Lots; Target 50 pips. with 90% of my lot size remaining will be a trailer.
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  • #3,484
  • Jun 28, 2025 9:16pm Jun 28, 2025 9:16pm
Wow ... had no idea it has been this long. Oh well.

Have been on a little journey.

Had a slight disagreement with the fedgov ($42k worth), had to go back to work for a short bit (not fun), scoped a paid system (will say more on that in a few posts), had a strange occurrence with the prior right before going live (think it was some type of omen), got confirmed in the Church (awesomeness), and have 99% completed the system I was working on.


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Mark ... Everything you have been told is a LIE
  • #3,485
  • Jun 28, 2025 9:29pm Jun 28, 2025 9:29pm
The one thing that has made the difference is changing to range charts. I have this instrument, the micro Russel 2k, set to 2 ticks. The bar size is primarily a result of the amount of volume. No time involved other than points set by the market, such as open, data release times, close.

Essentially, even though I use indicators, I am closer to Price Action trading than those who use time charts and no indies.
Mark ... Everything you have been told is a LIE
  • #3,486
  • Jun 28, 2025 9:38pm Jun 28, 2025 9:38pm
Since I have so many more bars the parameters tend to be fairly large to get any smoothness. My method is essentially trading momentum crosses of the (arbitrary) mean. I am using few mean ma's, some hulls, the TSI oscillator, and the Aroon oscillator.

I have concluded that range bars work better than renko bars. Renko creates a false open which makes any back testing difficult.
Mark ... Everything you have been told is a LIE
  • #3,487
  • Jun 28, 2025 9:42pm Jun 28, 2025 9:42pm
As far as naked PA trading, I have come to the conclusion - I can't do it.


For those who really can, more power to you. The Burke method is about the most legit of the naked methods (for whatever worth that has as I use indies).
Mark ... Everything you have been told is a LIE
  • #3,488
  • Jun 28, 2025 9:47pm Jun 28, 2025 9:47pm
I understand why most folk around the world attempt to trade that way. I am fortunate to have desktop/laptop and (mostly) consistent internet access.

Thinking those who can afford to and if it is available, use Starlink. I plan on adding it myself soon.
Mark ... Everything you have been told is a LIE
  • #3,489
  • Jun 28, 2025 10:02pm Jun 28, 2025 10:02pm
The paid system I was about to go live with works OK. Has a touch of a learning curve. I am not going to mention it as I do not use it now and will not in the future.

The guy who created it is quite intelligent. He is also a touch off. I am certain that is a result of higher intelligence.

So, I'm getting ready to go live doing some final study and practice. It is storming some, but I didn't think it was that bad. I went to get a cup of coffee and almost back to the desk and what looked like a ball of electricity was floating at the back of my computer. It was about 4 in diameter and growing. It then popped and scared the crap out of me.

After a couple days and some thought, I came to the conclusion that I needed to go a different route in my trading.
Mark ... Everything you have been told is a LIE
  • #3,490
  • Jun 28, 2025 10:35pm Jun 28, 2025 10:35pm
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Basically looking for the TSI and Aroon Osc to cycle then take entry as price crosses an ema. Using momentum at specific points.

TSI is a better momentum indi than the RSI. The Aroon does a fair job as a cycle indi.
Mark ... Everything you have been told is a LIE
  • #3,491
  • Jun 28, 2025 10:48pm Jun 28, 2025 10:48pm
If possible, my suggestion is too trade futures, primarily CME. Find a discount broker and day trade. The margins to day trade are very low giving one high leverage. Most instruments are liquid.

Most micros cost $50 a contract and minis are $500. Nasdaq is more expensive due to the volatility.

The three entries above would have resulted in about 120 ticks (10 ticks/point). Roughly $60 gross for one contract on the micros and $600 on the minis for this instrument.
Mark ... Everything you have been told is a LIE
  • #3,492
  • Jun 29, 2025 4:41am Jun 29, 2025 4:41am
Quoting spzd
Wow ... had no idea it has been this long. Oh well. Have been on a little journey. Had a slight disagreement with the fedgov ($42k worth), had to go back to work for a short bit (not fun), scoped a paid system (will say more on that in a few posts), had a strange occurrence with the prior right before going live (think it was some type of omen), got confirmed in the Church (awesomeness), and have 99% completed the system I was working on. {image}
Long time no see—welcome back!
Wishing you the very best with your new trading strategy. Hope it brings you great results ahead!
Success = Practice + Patience + Persistence
  • #3,494
  • Jun 29, 2025 11:56am Jun 29, 2025 11:56am
Quoting fxpider
{quote} Long time no see—welcome back! Wishing you the very best with your new trading strategy. Hope it brings you great results ahead!
Thank you, sir.
Mark ... Everything you have been told is a LIE
  • #3,495
  • Jun 29, 2025 11:56am Jun 29, 2025 11:56am
Quoting bluesteele
Good to see you ! Wishing you all the best in all aspects of life and trading of course Cheers pal !
Thank you, sir.
Mark ... Everything you have been told is a LIE
  • #3,496
  • Jun 29, 2025 12:09pm Jun 29, 2025 12:09pm
One thing I have nearly, completely stopped doing is trying to guess, I mean forecast, where the market will go. I also have stopped attempting to trade multiple instruments in one setting.

That brought my focus down to the tick level. More accurately the 2-range bar level. From there I used the various concepts I know and applied them, and it seems to work fairly well.

I settled on the Russell 2K as it moves slower. No other reason than that. Did a couple live entries on the micro M2K to ensure there was no larger than acceptable slippage, then worked on tweaking a general method into a more specific trading system.
Mark ... Everything you have been told is a LIE
  • #3,497
  • Jun 29, 2025 12:15pm Jun 29, 2025 12:15pm
Going to try and code the Aroon Oscillator to change color above/below the zero line. Thinking it should be a mostly simple task since the code is available in the platform. Add a couple PlotBrushes and some above/below code and voila.
Mark ... Everything you have been told is a LIE
  • #3,498
  • Jun 29, 2025 4:42pm Jun 29, 2025 4:42pm
All the best as always pal
  • #3,499
  • Jun 29, 2025 5:04pm Jun 29, 2025 5:04pm
Quoting TimeTells
All the best as always pal
Thank you, sir.
Mark ... Everything you have been told is a LIE
  • #3,500
  • Jun 29, 2025 11:06pm Jun 29, 2025 11:06pm
As I mentioned, I was confirmed in the Church this year. This past Lent was my first true one. I decided to really give up something for at least the season. Nothing like the no Charbucks coffee or some drivel of that nature (unless you are actually addicted to Charbucks, then it is not trivial). I wanted something that would be a challenge. That something was Twitter (now known as X). Mar 5th. Have not been back on that platform since then. If you really knew me, you would be astonished as I am (was?) a complete political animal and troll. Have no desire to return to X either.

Now that begs the question, why am I back here then? Serious question, for I asked myself the same earlier today.

I think the answer is two-fold. Some comradeship whilst doing this solitary exercise. The other is to perhaps give some other insight than the normal regarding trading. With the same precept of this is to keep me honest.
Mark ... Everything you have been told is a LIE
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