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Petefaders Journal & Open Discussions

  • #341
  • Feb 14, 2009 1:15pm Feb 14, 2009 1:15pm
Quoting Petefaders
I just care about helping noobs not get taken by your DANGEROUS over simplified and supp/resist. You claim to be here to keep a journal, nothing more...then you get people on yahoo IM and pitch your paid service...you are full it out dude!

LOL are you bitter professor ebonics because you couldn't afford steels service in the projects? You know maybe if you work overtime at the salvation army this year steel will give you a discount. hahahah
  • #342
  • Feb 14, 2009 1:18pm Feb 14, 2009 1:18pm
Quoting saxman36
LOL are you bitter professor ebonics because you couldn't afford steels service in the projects? You know maybe if you work overtime at the salvation army this year steel will give you a discount. hahahah
I have no idea wtf you are talking about.
  • #343
  • Feb 14, 2009 1:18pm Feb 14, 2009 1:18pm
I am not sure of the caliber of people reading this thread but word to the wise DO NOT take trading advice from someone who is so childish with no education i.e. read past posts. This individual has no grasp of the english language which clearly shows he is uneducated enough to probably not finish anything in his life.

BEWARE of ADVICE read old posts but do fact checking BEWARE!!!
  • #344
  • Feb 14, 2009 1:23pm Feb 14, 2009 1:23pm
Quoting Petefaders
I have no idea wtf you are talking about.
mmmmmmhmmmm I be tradin me some fooooX mmmmhmmm.
  • #345
  • Feb 14, 2009 1:26pm Feb 14, 2009 1:26pm
Quoting saxman36
mmmmmmhmmmm I be tradin me some fooooX mmmmhmmm.
  • #346
  • Feb 14, 2009 2:04pm Feb 14, 2009 2:04pm
To avoid any confusion, this journal was closed last week.
see post #334.
  • #347
  • Feb 14, 2009 3:24pm Feb 14, 2009 3:24pm
Yet another alias of steelhead, suspended of course..note the avatar is the same as the charts posted in steelheads journal.

http://www.forexfactory.com/member.php?u=65269
  • #348
  • Feb 15, 2009 1:08am Feb 15, 2009 1:08am
Well, twee banned Steelhead and saxman36 today, so it gave me some hope and incentive to possibly continue this thead, in some way.

To be continued...
  • #349
  • Feb 15, 2009 5:44am Feb 15, 2009 5:44am
Quoting Petefaders
short 128.82 after low volume on up move. sl 129.15
out -33
Hi Pete,

Can I ask how you determine volume?

Acouple of posters mention it - but I can't see how it is represented unless its through candle formations?
  • #350
  • Edited 10:51am Feb 15, 2009 9:50am | Edited 10:51am
Quoting stewrigh
Hi Pete,

Can I ask how you determine volume?

Acouple of posters mention it - but I can't see how it is represented unless its through candle formations?
Hey, Stewrigh.
Very smple. The mt4 "volumes" indicator tells you how much activity occured for the coresponding candle. Although not 100% accurate, it can give you valuble insight into professional trading activity.

Let's say, for whatever reason, you are looking to buy..if volume is decreasing on green candles overall, it's a warning that buy activity is decreasing, and the price might turn south..stay out of the trade. That's just one expamle.
  • #351
  • Edited 11:32am Feb 15, 2009 10:41am | Edited 11:32am
Has anyone seen the movie "The Boiler Room"?

I saw it last night...AWESOME. (American movie w/ Ben affleck and that itailian kid)

I'll just say, it's about the evil things people do for money, in this case stock brokers, lol. SEE IT!! You won't be dissapointed I promise!
  • #352
  • Feb 15, 2009 11:39am Feb 15, 2009 11:39am
why is volume so important to you faders?
  • #353
  • Edited 1:39pm Feb 15, 2009 12:04pm | Edited 1:39pm
Quoting ForexGemeni
why is volume so important to you faders?
Hi ForexGemeni, welcome.

I can stare all day at price candles, but for me, I'm only getting half the story.

Volume represents big money movement, so I can decipher if a candle has big money behind it or not by looking at the coresponding vlme level.

Here's another example:

A healthly green candle with high volume means buyers are in control.

BUT It can also mean, during a down move, that buyers are attemping to TAKE control from sellers. If so, the next "reaction" candle, as I call it, would be crucial to watch to see if buyers can follow through with decent vlume. If they can, I would favor buying at that point.

So in this case, it warned me of a reversal, just by looking at two candles and their coresponding vlme levels. Make sense to anyone?
  • #354
  • Feb 15, 2009 2:16pm Feb 15, 2009 2:16pm
Quoting Petefaders
again jumped in g/j and e/u as they were falling hard, no brainer. +30
PA is so fast I didn't have time to post when I entered, as you can see.


How do we know you are really taking these trades? Lots of fakes on this site do you have anything that can prove what you are doing?
  • #355
  • Feb 15, 2009 2:25pm Feb 15, 2009 2:25pm
Quoting ForexGemeni
How do we know you are really taking these trades? Lots of fakes on this site do you have anything that can prove what you are doing?
I am scalping, so sometimes I don't have time to post in real time..I don't expect you to just believe it.
The only proof I offer is that most of my trades are posted in real time...but I also don't really care if any believes it. If you have something to offer, or a trading question etc. I will be happy to have you here.

I responded to your first question, was that helpfull to you?
  • #356
  • Feb 15, 2009 2:26pm Feb 15, 2009 2:26pm
Dont take the bait
  • #357
  • Feb 15, 2009 2:56pm Feb 15, 2009 2:56pm
Quoting Petefaders
I am scalping, so sometimes I don't have time to post in real time..I don't expect you to just believe it.
The only proof I offer is that most of my trades are posted in real time...but I also don't really care if any believes it. If you have something to offer, or a trading question etc. I will be happy to have you here.

I responded to your first question, was that helpfull to you?

Its just we cant see you pushing the button so how do we really know what you are doing.

I have been reading this journal for sometime and others. You seem to want to call other traders out for not posting live trades, but again how do we know you are?
  • #358
  • Feb 15, 2009 3:01pm Feb 15, 2009 3:01pm
Quoting ForexGemeni
I have been reading this journal for sometime and others. You seem to want to call other traders out for not posting live trades, but again how do we know you are?
Time stamp.
  • #359
  • Feb 15, 2009 4:02pm Feb 15, 2009 4:02pm
ok, guys..I'm going to look at my charts and get focused on trading.
Please..if you have any issues with FF, please take it up with admin.
  • #360
  • Feb 15, 2009 6:54pm Feb 15, 2009 6:54pm
short e/u 1.2776
Looks like sellers control (volume) atm, and a H&S on 1min breaking down.
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