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Volman Style (70-tick chart)

  • #41
  • Feb 17, 2016 4:06am Feb 17, 2016 4:06am
second trade.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (70 Tick) 17_02_2016_ARB_before.jpg Size: 80 KB
  • #42
  • Feb 17, 2016 4:42am Feb 17, 2016 4:42am
Quoting andy-gandi
second trade. {image}
got stopped out on the second dotted line with a small profit.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (70 Tick) 17_02_2016_ARB_after.jpg Size: 82 KB
  • #43
  • Feb 17, 2016 5:02am Feb 17, 2016 5:02am
Quoting andy-gandi
Live trade. Took this RB. {image}

I like this trade -not because it worked, but because of the reasoning behind it. It was still early in the session and it was still at a high price from which to sell from. After seeing the failure at the 80 level and then following the pressure along to the 60 level, it was reasonable to expect price to test the 50 level. Nice job.
  • #44
  • Feb 17, 2016 5:09am Feb 17, 2016 5:09am
Quoting andy-gandi
second trade. {image}
This trade could have tested the 20 level beneath, it was the former lower from the Asian session. The price action at the time you entered looked like the bulls were failing, the box pattern even gave a nice tease break then tested back in before then appearing to be breaking, so it was worth a try. However, asking for continuation at the lows of the strong swing just before lunch hours is the opposite to your first trade.
  • #45
  • Feb 17, 2016 5:57am Feb 17, 2016 5:57am
Quoting Jamos
{quote} This trade could have tested the 20 level beneath, it was the former lower from the Asian session. The price action at the time you entered looked like the bulls were failing, the box pattern even gave a nice tease break then tested back in before then appearing to be breaking, so it was worth a try. However, asking for continuation at the lows of the strong swing just before lunch hours is the opposite to your first trade.
Yeah, it was a little bit aggressive, but on the other side it was techically ok and there was still 1 hour to go before lunch. The last level of support 1.1145 was also broken down and the 20 level and the low of the day were like magnets. Sometimes it is hard to say if a trade is ok or not. however ended in profit! Now waiting for the us-session and news to bring some activity in the market.
  • #46
  • Feb 17, 2016 5:59am Feb 17, 2016 5:59am
Quoting Jamos
{quote} This trade could have tested the 20 level beneath, it was the former lower from the Asian session. The price action at the time you entered looked like the bulls were failing, the box pattern even gave a nice tease break then tested back in before then appearing to be breaking, so it was worth a try. However, asking for continuation at the lows of the strong swing just before lunch hours is the opposite to your first trade.
I love london open session! prices are more predictible and 80-90% of my trades are positive before lunch.
  • #47
  • Feb 17, 2016 8:13am Feb 17, 2016 8:13am
a little bit analysis of the current price action. after the news, the low of the day was broken by some pips but price is back now in the "no mans land". so far no trades in the new york session for me. I would like to see the price goes back to the low of the day or to the 50 level 20 pip above the current price and then makes a "box" on one of these level, so I can wait for a breakout. At the moment you can see some kind of range forming, that some would see as a possibilty for a breakout to the upside. But stop for a moment and look to the left. Do you see that fat block in the blue box? I dont want to trade against that. Also we are at the 50% retrace of the short move before. Sometimes it is better just to stay on the side and wait.
Attached Image (click to enlarge)
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  • #48
  • Feb 17, 2016 8:27am Feb 17, 2016 8:27am
price is back under the lows with a strong move. Than it tested the last swing low and 20 EMA forming there some perfect dojis with equal lows. I Think itīs some kind of a perfekt DD trade.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (70 Tick) 17_02_2016_DD_before.jpg Size: 78 KB
  • #49
  • Feb 17, 2016 8:31am Feb 17, 2016 8:31am
Quoting andy-gandi
price is back under the lows with a strong move. Than it tested the last swing low and 20 EMA forming there some perfect dojis with equal lows. I Think its some kind of a perfekt DD trade. {image}
SL hit quite quickly. there is nothing for 100%
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Click to Enlarge Name: $EURUSD (70 Tick) 17_02_2016_DD_after.jpg Size: 78 KB
  • #50
  • Feb 20, 2016 11:04am Feb 20, 2016 11:04am
Hello Andy
BV in his books suggest to find brokers that offer 1 pip spread for EUR/USD.
Did you manged to find one nice broker for that?
Your ninjatrader account is demo or live?
Your price column is in 4 decimal digit. Did you changed it or your broker is feeding the data at 4 digit.
I'm using Oanda in demo account and the data feed are in 5 digits. Hate it.

Bye
Merka
  • #51
  • Feb 20, 2016 4:30pm Feb 20, 2016 4:30pm
Quoting Merka
Hello Andy BV in his books suggest to find brokers that offer 1 pip spread for EUR/USD. Did you manged to find one nice broker for that? Your ninjatrader account is demo or live? Your price column is in 4 decimal digit. Did you changed it or your broker is feeding the data at 4 digit. I'm using Oanda in demo account and the data feed are in 5 digits. Hate it. Bye Merka
Hi Merka! I use IC markets. the average spread on eur/usd is 0.2 pip plus commissions. There are some good brokers f.e. pepperstone, fxcm etc. my ninjatrader account is demo. I use it only for charting. on my IC markets account I have 5 digits, but thatīs not a problem, cause all my trades are based on the ninjatrader chart. For example if my signal line is on 1.1140 and my entry should be 1 pip higher, so on my 5 digit broker I would push the buy button on 1.11406. Cause on this time ninjatrader would change 1.1140 to 1.1141. Hope it helps!

Cheers
  • #52
  • Feb 20, 2016 6:06pm Feb 20, 2016 6:06pm
Hi , Andy-gandi you started with 560EUR . May I ask you what is now on your real account?
  • #53
  • Feb 21, 2016 6:48am Feb 21, 2016 6:48am
Quoting smilie
Hi , Andy-gandi you started with 560EUR . May I ask you what is now on your real account?
Hey Smilie! go some posts back. Iīm at 555 €, but stopped trading live for a couple of weeks. I want to get a feel for the trades on demo first. If I feel confident, I would start tith the same money again with a bigger risk and than I want to try to bring it up in a short time.

Cheers
  • #54
  • Feb 21, 2016 6:18pm Feb 21, 2016 6:18pm
Hi, andy-gandi. Hello I do not have the whole book, only excerpts from the Internet
do you use this chapters in your trade:

Tipping Point Technique ...............................................................241
Unfavorable Conditions..................................................................283

sorry can not even imagine what is written there - anywhere on the Internet is not available

Dont you know where to buy
pdf version of this book? ... russia is to far from amazon
  • #55
  • Feb 22, 2016 6:07am Feb 22, 2016 6:07am
Quoting smilie
Hi, andy-gandi. Hello I do not have the whole book, only excerpts from the Internet do you use this chapters in your trade: Tipping Point Technique ...............................................................241 Unfavorable Conditions..................................................................283 sorry can not even imagine what is written there - anywhere on the Internet is not available Dont you know where to buy pdf version of this book? ... russia is to far from amazon
Yes of course! These chapters are very important. They are about trailing sl and when not to trade etc. But you have to read the whole book to understand whatīs about.

Я сам заказывал в амазоне, но без понятия где её в России можно заказать. В интернете порыться надо ))

cheers
  • #56
  • Feb 22, 2016 6:13am Feb 22, 2016 6:13am
No trades for me so far. But here is a trade for aggressive traders. We have a beautiful signal line with about 10 touches and lower highs in it. Also we are in a downtrend. Technically a nice trade. there are 2 things, why I didnt take this one. 1. The market is really slow today and at the moment as the trade was formed, it were lunch hours. 2. RN just below the box. Waiting for another opportunities.

cheers
Attached Image (click to enlarge)
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  • #57
  • Feb 23, 2016 8:23am Feb 23, 2016 8:23am
No trades so far today. After a bearish move in the uk morning session the price is in a 30 pip range around RN. Waiting for some signs of a breakout. Patience is the key!

cheers
Attached Image (click to enlarge)
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  • #58
  • Feb 23, 2016 10:29am Feb 23, 2016 10:29am
It was worth it to be patient. After the price broke out of the range, it made a pullback to the box to the pip. +10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (70 Tick) 23_02_2016_ARB_BB.jpg Size: 72 KB
  • #59
  • Feb 24, 2016 5:32am Feb 24, 2016 5:32am
Quoting andy-gandi
It was worth it to be patient. After the price broke out of the range, it made a pullback to the box to the pip. +10 pips {image}
Very nice trade.
  • #60
  • Edited 9:20am Feb 24, 2016 8:33am | Edited 9:20am
here is an example of a technically perfect DD setup but that I would NOT take because of unfavorable conditions that Bob mentioned in his book. In my opinion its one of the most important chapters.

Look at the box on the leftside of the chart. As our tp is always 10 pip, the target would be at 1.0976. As you can see the price has to break through the box to reach the target and this is what we dont want to see. For some of you who read the James16 thread its also known as traffic vs. space. We need space before we take a trade. Also we are at the 50 % correction of the last bullish move.

As I see the target would be reached now, but its not our business. We have just to follow the rules and probability will make its part.

EDIT: Do you see what I mean by talking about unfavorable conditions? For those who took this DD trade the tp would be reached a little bit lucky. As you can see the box was broken down by some bars but it was just a tease break. Some minutes later the bullish rally was started.

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD (70 Tick) 24_02_2016_DD_uc.jpg Size: 70 KB
Click to Enlarge Name: $EURUSD (70 Tick) 24_02_2016_DD_uc_1.jpg Size: 80 KB
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