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Petefaders Journal & Open Discussions

  • #281
  • Feb 9, 2009 6:22am Feb 9, 2009 6:22am
Quoting Petefaders
The thing is, I don't say I have a system..
First I gained all the basic knowledge a trader MUST have..especially a scalper. (there is evermore for me to learn)

Having all those tools is the key to uderstanding what's going on on your screen, and why..at least enough uderstanding to make pips.

Then a trader needs an edge, so they say. I guess mine is volume. I have yet to see, in one year on FF, someone use the free mt4 volume indicator.

It is a nice work ..keep doing it
Work smart not hard
  • #282
  • Feb 9, 2009 6:23am Feb 9, 2009 6:23am
lurking
  • #283
  • Feb 9, 2009 6:25am Feb 9, 2009 6:25am
long 136.67
  • #284
  • Feb 9, 2009 6:26am Feb 9, 2009 6:26am
Quoting Petefaders
long 136.67
out +7..scalping chop



+212 pips for the day.
  • #285
  • Feb 9, 2009 6:34am Feb 9, 2009 6:34am
buyers stepping in here to try and push this thing up...
  • #286
  • Feb 9, 2009 6:35am Feb 9, 2009 6:35am
Quoting Petefaders
buyers stepping in here to try and push this thing up...
now we look for the "reaction" cadle I often mention
  • #287
  • Feb 9, 2009 6:38am Feb 9, 2009 6:38am
Quoting Petefaders
now we look for the "reaction" cadle I often mention
You see?? there it was, sellers overpowerd as a reaction
"buyers denied"

* the increase in vlme revealed their attempt..then just follow the reaction..buy or sell.
anyone getting this?
  • #288
  • Feb 9, 2009 6:56am Feb 9, 2009 6:56am
long 136.34,
similar vlme setup in reverse.
  • #289
  • Feb 9, 2009 6:57am Feb 9, 2009 6:57am
Quoting Petefaders
long 136.34,
similar vlme setup in reverse.
out +22
  • #290
  • Feb 9, 2009 7:18am Feb 9, 2009 7:18am
long 136.90, bull flag break out.
  • #291
  • Feb 9, 2009 7:20am Feb 9, 2009 7:20am
Quoting Petefaders
long 136.90, bull flag break out.
out +25, suhweeeet!!


pips for the day: +259
  • #292
  • Feb 9, 2009 7:21am Feb 9, 2009 7:21am
sony, did you catch that long, are you trading?
  • #293
  • Feb 9, 2009 7:22am Feb 9, 2009 7:22am
Quoting Petefaders
sony, did you catch that long, are you trading?
No i did not..
Work smart not hard
  • #294
  • Feb 9, 2009 8:56am Feb 9, 2009 8:56am
Nice scalping Pete!
  • #295
  • Feb 9, 2009 8:57am Feb 9, 2009 8:57am
Quoting Petefaders
long 136.90, bull flag break out.
I need t learn your volume thing. What do you use for Volume Pete?
  • #296
  • Feb 9, 2009 8:59am Feb 9, 2009 8:59am
I see an inverse on the m15. It would be nice to get a pullback at about 136.00
On the m15, I have a TL, the 50 ema and he 38.2 of the last move up all at about 135.91. But if the cci closes below the 0 line then it will prolly pull back further. (Referring to the m15 chart.)
Have towatch the YM too and make sure it doesnt break the low o the day.
  • #297
  • Feb 9, 2009 9:47am Feb 9, 2009 9:47am
Quoting Petefaders
pipck did you get my pm?
I will check it now
  • #298
  • Feb 9, 2009 3:31pm Feb 9, 2009 3:31pm
Another great day as the tapdancing monkey earns his keep (me, lol)
I made +49 pips while in chat with friends.

pips for Monday: +308
  • #299
  • Feb 9, 2009 6:02pm Feb 9, 2009 6:02pm
Quoting Petefaders
Another great day as the tapdancing monkey earns his keep (me, lol)
I made +49 pips while in chat with friends.

pips for Monday: +308
Excellent!!
  • #300
  • Feb 9, 2009 9:40pm Feb 9, 2009 9:40pm
Got my sleep, having coffee now, you know what comes next...
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