PipMonster24
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You can view more than 2 days of 70 tick charts with PRT. Just set the units to 10,000. It will give you about a week of data.
You can view more than 2 days of 70 tick charts with PRT. Just set the units to 10,000. It will give you about a week of data.
Cha-Ching, Bob's method of trading is great. I need to learn more how to apply his teaching into the right chart, may be with more other instruments to get more trades ( at least 2-3 trades a day). With your comment, it really helps me to the area where I should focus on. Thanks again, also to other members who give their inputs....
BLS
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Week 9 charts from Volman:
https://www.dropbox.com/sh/1amxmi9af0fk6ej/VA5_ZrjQF1
https://www.dropbox.com/sh/1amxmi9af0fk6ej/VA5_ZrjQF1
TonyIommich
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I REFUSE! I demand to carve out the ENTIRE TURKEY! Lol...
Just an update, I've been working hard on getting Bob's patterns to fit the stock index futures, with my work focusing on the ES on a 5 minute time frame. I find that it's quite possible to apply concepts like the pattern break back into the range and IRB to the ES as it is often a very mean reverting instrument, and the ES loves to back and fill like the Euro (though it trends less than the Euro, and when it does it usually trends more violently with less buildup so you have to be more aggressive). As opposed to round numbers, the prior day's close is an extremely important level and magnet, you'll see it being tested repeatedly on range days. Prior day highs and lows are also important, and the open may come in to play a role, but nothing is a bigger magnet than the close.
It will take you a while to adjust your eyes, though, so look at plenty of charts (so far I've worked through 500 charts).
The one thing I do notice is that most of the time his patterns are best applied after the first two hours of trading. If you want to trade the opening two hours, either include Globex info and use tick charts, or drop to a lower time frame like the 1 or 2 minute and use the opening 30 minute range as a guide of sorts.
I REFUSE! I demand to carve out the ENTIRE TURKEY! Lol...
Just an update, I've been working hard on getting Bob's patterns to fit the stock index futures, with my work focusing on the ES on a 5 minute time frame. I find that it's quite possible to apply concepts like the pattern break back into the range and IRB to the ES as it is often a very mean reverting instrument, and the ES loves to back and fill like the Euro (though it trends less than the Euro, and when it does it usually trends more violently with less buildup so you have to be more aggressive). As opposed to round numbers, the prior day's close is an extremely important level and magnet, you'll see it being tested repeatedly on range days. Prior day highs and lows are also important, and the open may come in to play a role, but nothing is a bigger magnet than the close.
It will take you a while to adjust your eyes, though, so look at plenty of charts (so far I've worked through 500 charts).
The one thing I do notice is that most of the time his patterns are best applied after the first two hours of trading. If you want to trade the opening two hours, either include Globex info and use tick charts, or drop to a lower time frame like the 1 or 2 minute and use the opening 30 minute range as a guide of sorts.
Tony - seeing the turkey. it makes me hungry for a feast.
I will study your ingredients with Bob's method and keep away from any news announcement. Thanks for the tips...morpheous455
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What time zone are Bob's charts?
matty_dunn
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Central European Time (CET)
Last edited:
morpheous455
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morpheous455
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ProRealTime,
Does anyone here using PRT know how to extend the rectangle drawing tool to beyond the last or current tick? Would be great to be able to extend the box beyond the current price.
thanks
Jim
Does anyone here using PRT know how to extend the rectangle drawing tool to beyond the last or current tick? Would be great to be able to extend the box beyond the current price.
thanks
Jim
matty_dunn
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You can't do it on a tick chart, only time frame charts. You have to use 2 individual lines if you want to create an upper and lower boundary.
cha-ching
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Found Bob's charts last week at the usual location here:
https://www.dropbox.com/sh/1amxmi9af0fk6ej/AAALuVWob1ZWKSDZ7qD4aubaa/2015?dl=0
Uploaded 12 hours ago. Probably BLS's too busy to post it.
https://www.dropbox.com/sh/1amxmi9af0fk6ej/AAALuVWob1ZWKSDZ7qD4aubaa/2015?dl=0
Uploaded 12 hours ago. Probably BLS's too busy to post it.
matty_dunn
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PipMonster24
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Thanks for pointing that out.
BLS
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Week 10 charts from Volman:
https://www.dropbox.com/sh/1amxmi9af0fk6ej/VA5_ZrjQF1
https://www.dropbox.com/sh/1amxmi9af0fk6ej/VA5_ZrjQF1
Charticist
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AUDUSD trade today
This is a very nice thread. Of course this is an excellent trading method as well (not easy though). The charts by Bob Volman are extremely useful, thanks for creating those. Thank you BLS for posting them.
I thought I'd start posting occasional trades, winners and losers alike. I hope this will force me to document my trades and I hope it will help others out as well.
I trade AUD/USD, GBP/USD, EUR/USD and USD/JPY. I have a laptop and attach 3 monitors. 2 are attached with VGA to USB adapters and one directly with VGA. The attached file is an AUD/USD trade from early in the US session, a few minutes before the US stock market opened.
Chart
This is a very nice thread. Of course this is an excellent trading method as well (not easy though). The charts by Bob Volman are extremely useful, thanks for creating those. Thank you BLS for posting them.
I thought I'd start posting occasional trades, winners and losers alike. I hope this will force me to document my trades and I hope it will help others out as well.
I trade AUD/USD, GBP/USD, EUR/USD and USD/JPY. I have a laptop and attach 3 monitors. 2 are attached with VGA to USB adapters and one directly with VGA. The attached file is an AUD/USD trade from early in the US session, a few minutes before the US stock market opened.
Chart
Attachments
Charticist
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USDJPY Oh Well!
The series of lower highs was indicating a further move down, which it did. I think the entry on the trade here may have been too early. I probably should have entered on the break of the white line.
The inset shows a trade execution error. The blue dashed target line was at 121.195 (9 pip target) and the price went to 121.198. I should have moved my target up about a pip so it was above the 20 level.
The upper blue dashed line indicates where I eventually got stopped out. I set my stops at the 4 or 6 pipette levels, here at the "middle-part break". You may wish to stick to Bob's manual exit method but sometimes its hard for me to pull the trigger especially on a full stop out.
More or less break even on the trade. But hopefully I learned something.
Chart
The series of lower highs was indicating a further move down, which it did. I think the entry on the trade here may have been too early. I probably should have entered on the break of the white line.
The inset shows a trade execution error. The blue dashed target line was at 121.195 (9 pip target) and the price went to 121.198. I should have moved my target up about a pip so it was above the 20 level.
The upper blue dashed line indicates where I eventually got stopped out. I set my stops at the 4 or 6 pipette levels, here at the "middle-part break". You may wish to stick to Bob's manual exit method but sometimes its hard for me to pull the trigger especially on a full stop out.
More or less break even on the trade. But hopefully I learned something.
Chart
Attachments
TonyIommich
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I'm going to see if I can post some of Bob's ideas on stock index futures and perhaps some other markets using 5 min charts. I'll use SPY on occasion as it's easier for me to use it once I've shut down my trading platform.
Below are two pattern break setups on the SPY from today (B and C), plus one aggressive setup from yesterday (A).
Some comments. The yellow line in the middle is the close of yesterday. I've found in my research this is by far the most powerful magnet, as opposed to round numbers. I think with the differences between spot and futures, it'd take a very exhaustive test to see which instrument is more respectful of round number levels.
If you notice, in today's trades (B and C), both had to clear the close to get to target. This in my view was justified because the close was well 'chewed through' since the morning, and both trades set up well otherwise. We had great bearish context, the market gapped down yesterday and kept down, today while it didn't continue aggressively, all bulls were disappointed and that made it safe to conservatively stay short.
Concerning trade A, it was aggressive for two reasons: it was shorting into the low of the day, and the buildup was a bit suboptimal. Still, good overall bearish context.
One more thing to think about is time of day. I find that the stock market can be best broken into the following blocks: 9:30 - 11:30, 11:30 - 2:00, and 2:00 - 4:00 (all EST). You have to be wary of the lunch period, that's when adverse magnets become particularly nasty though there are some excellent breakouts if you wait for them to set up. From 2:00 onward there can be trend continuation, but be very careful about shakeout moves that happen around 2-2:30.
Below are two pattern break setups on the SPY from today (B and C), plus one aggressive setup from yesterday (A).
Some comments. The yellow line in the middle is the close of yesterday. I've found in my research this is by far the most powerful magnet, as opposed to round numbers. I think with the differences between spot and futures, it'd take a very exhaustive test to see which instrument is more respectful of round number levels.
If you notice, in today's trades (B and C), both had to clear the close to get to target. This in my view was justified because the close was well 'chewed through' since the morning, and both trades set up well otherwise. We had great bearish context, the market gapped down yesterday and kept down, today while it didn't continue aggressively, all bulls were disappointed and that made it safe to conservatively stay short.
Concerning trade A, it was aggressive for two reasons: it was shorting into the low of the day, and the buildup was a bit suboptimal. Still, good overall bearish context.
One more thing to think about is time of day. I find that the stock market can be best broken into the following blocks: 9:30 - 11:30, 11:30 - 2:00, and 2:00 - 4:00 (all EST). You have to be wary of the lunch period, that's when adverse magnets become particularly nasty though there are some excellent breakouts if you wait for them to set up. From 2:00 onward there can be trend continuation, but be very careful about shakeout moves that happen around 2-2:30.
Attachments
Charticist
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My trade for the day.
The AUD/USD was acting very technical. Note that after the entry it dropped, bounced off a ceiling (at 13:45), went up hit the resistance/entry area then dropped, turned around at the 00 level, went all the way to the top of the small entry cluster, just missing the stop level then went down towards the 00 level again.
Chart
The AUD/USD was acting very technical. Note that after the entry it dropped, bounced off a ceiling (at 13:45), went up hit the resistance/entry area then dropped, turned around at the 00 level, went all the way to the top of the small entry cluster, just missing the stop level then went down towards the 00 level again.
Chart
Attachments
TonyIommich
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An interesting idea, but I would pass on account of the fact that the market was overall in an up trend, and the strong news spike up threw the market into confusion. As you can see, the market triangulated later on, which is usually what happens when you have strong up followed by strong down. If I would take such an aggressive trade, I would exit aggressively as you did.