Bob Volman Price Action Scalping

[virtuesoft]

There was a great ARB setup in EURJPY a little while ago. It formed and broke very quickly, one would have had to be entirely focused on the market at the time in order to catch it. Unfortunately, I wasn't focused enough, therefore I missed it.

 

[BLS]

There was a great ARB setup in EURJPY a little while ago. It formed and broke very quickly, one would have had to be entirely focused on the market at the time in order to catch it. Unfortunately, I wasn't focused enough, therefore I missed it.

I wouldn't worry too much about it. That market was pretty flat until some big players decided to break barrier options at 83.00 on the USD/JPY. Since the market was mostly waiting for the Fed decision later I used my session to study some previous charts while monitoring the charts.

 

[Giorrgi]

hey guys,

anybody know what the hell is happening? prices have exploded 3-4h ago and its not stopping (sorry I dont really know where to check for relevant news releases)

 

[BLS]

hey guys,

anybody know what the hell is happening? prices have exploded 3-4h ago and its not stopping (sorry I dont really know where to check for relevant news releases)

FOMC statement

I use Forex Factory and DailyFX as sources for economic news. I like DailyFX because you can change the time zone and it's easy to look at. I like Forex Factory because they get updates pretty quickly but I can't set the time zone so I use both. You could also try Forex Live but be careful not to get distracted with their news posts on the front page.

Forex Factory
Forex Economic Calendar @ DailyFX
Economic Calendar | ForexLive

 

[stehlikpetrmsncom]

I use Forex Factory and DailyFX as sources for economic news. I like DailyFX because you can change the time zone and it's easy to look at. I like Forex Factory because they get updates pretty quickly but I can't set the time zone so I use both.

In the left upper corner your have time options where you can set it to your local time zone, no registration is needed.

 

[BLS]

In the left upper corner your have time options where you can set it to your local time zone, no registration is needed.

Ahh, thanks. Guess I don't need dailyfx anymore.

 

[BLS]

One trade today. Missed hitting target by 1-2 pip.

Guess I'll keep watching since EUR/USD seems to be moving quite a bit.

 

[virtuesoft]

One trade today. Missed hitting target by 1-2 pip.

Guess I'll keep watching since EUR/USD seems to be moving quite a bit.

I took the same trade. I exited around the same level but a little sooner. I exited when the price first dropped below the 20 EMA. Your exit was a bit better though, you gave it a bit more chance to work out.

 

[BLS]

I took the same trade. I exited around the same level but a little sooner. I exited when the price first dropped below the 20 EMA. Your exit was a bit better though, you gave it a bit more chance to work out.

I moved my tipping point to that level after that pullback to the 20EMA which seemed aggressive to me at the time but I was worried that stalling under the 00 level would bring in sideline bears.

 

[Traderallen]

my last post never made it passed the moderator yet. anyway I noticed all the charts posted here have the verital axis compressed. Is there a reason for doing this and is there a chart setting for this? I use ninjatrader so for me to get my charts to match you all have have to drag down the axis.

 

[BLS]

my last post never made it passed the moderator yet. anyway I noticed all the charts posted here have the verital axis compressed. Is there a reason for doing this and is there a chart setting for this? I use ninjatrader so for me to get my charts to match you all have have to drag down the axis.

You do the same thing on ProRealTime. I have to compress the charts every time I start up the program. I just kind of got used to looking at the charts that way after viewing Bob's charts for awhile.

 

[Traderallen]

I have only used this method on the EU and during the US and EURO session. Has anyone ever tested this during the ASIAN session on a yen or aussie pair? I'll work on posting my chart.

 

[BLS]

I have only used this method on the EU and during the US and EURO session. Has anyone ever tested this during the ASIAN session on a yen or aussie pair? I'll work on posting my chart.

I don't think I have the patience to trade during the Asian session. Most pairs (with <1 pip spread on my platform) look dead to me with the occasional spike from economic news though the EUR/JPY seems to move pretty well.

There was one person that traded the AUD/USD (Mike Kshemaraja) for a bit in this thread:
http://www.trade2win.com/boards/discretionary-trading/146302-price-action-scalping-9.html

 

[Traderallen]

Just got this break.

 

[samich1262]

Angular RB from a few minutes ago

 

[virtuesoft]

Angular RB from a few minutes ago

View attachment 151488

Good spot! Did you take it?

 

[cha-ching]

Angular RB from a few minutes ago

View attachment 151488

Very interesting. Just realized these are higher TF (5-min) micro channel breakout/Hx using Al Brooks terminology.

 

[BLS]

More charts from Bob

 

[matty_dunn]

More charts from Bob

Thank you Bob and BLS. As always I am greatly appreciative for the opportunity to learn more each week. So appreciated!

 

[Giorrgi]

Angular RB from a few minutes ago

View attachment 151488

Question : how do you gauge squeezes on these angular breaks?

Also I have no idea how they work and I wanted to ask about them for some time now, so if you have any sort of detailed explanation I'd be glad :smart: