Recent content by TonyIommich

I would argue that regardless what chart you trade, you should never think in terms of 'profitable for the day' because that is the road to problems. I know, I've been there myself. The big problem with day trading is that there is a big risk of over-trading and if you're not used to that...

When you study the charts you'll get a good feel for how many opportunities come up, but as with anything there will be some high and dry times, esp. in the FX market. You have to ask yourself if its worth it to spend all that time in front of the screen because there will be cases where you may...

The issue Andy is that Bob does not really have a totally stand alone trading system per se, rather they are ideas that once you've tested them can be a backbone to your own trading system. The charts he posts are merely his view on the market given his technical guidelines that do, by the way...

I think both books are great REGARDLESS of the time frame OR instrument you trade, I find the concepts apply just as well to tick and minute charts. I use Bob Volman's ideas from both books to day trade the stock indexes for example. Tick charts work well during session opens and closes, as...

The real answer, in the end, is going through at least several months' of data and testing. Even if Bob says or I say or someone else says this is what you should do, it's critical that you see it for yourself. If you trade pullbacks more aggressively, more of them will fail and/or you will...

I think that combis are just a matter of experience. The basic concept is you see a form of mini 'build up' of two bars. It's sort of like the double doji concept in a way. As for stop placement, that is a matter of some discretion. I would imagine just under the power bar is a good way to go...

Here's 5 minute SPY today (I did not trade today, I am just marking the chart). Three possible setups a la Volman. A. An aggressive box break, which ends up failing. Market gaps up and has some strong bullish action throughout the morning, despite the higher time frame trend lower. There is a...

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...

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)...

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...

Big thumbs up to Bob Volman for including 5 minute charts. Very helpful. And thanks to BLS for posting them regularly.

I did, I have to say it's a very good introduction to people who need a place to get started. It's not as in depth strategy wise as Bob's book or Al Brooks's materials. There probably isn't any 'one book' that will tell you everything you need to know. It always helps to put a composite...

Adam Grimes has a free trading course online (adamhgrimes.com). I highly recommend watching it, because on top of being a good trading course in itself, it is great for curing you of useless trading concepts like Fibonacci levels (he spends an hour and a half debunking those kinds of myths with...

Glad you were able to get something out of it. Yeah, Bob is definitely all about being selective, but I think as a result the edge is better too. I also imagine that Bob probably takes some of the trades he marks as aggressive, simply because he knows how to manage them and how they play out...

It would be interesting to see Bob's 5 minute charts, but if he's posting them I don't see any in the dropbox here. Btw, anyone else here have been trying to adapt Bob's approach to the ES? I've had some success, but it takes quite a bit of work. One of the issues I have is when you use time...