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Petefaders Journal & Open Discussions

  • #961
  • Feb 25, 2009 3:09pm Feb 25, 2009 3:09pm
Quoting Petefaders
ok guys, I've been scalping the crap out of e/j and g/j for the last 24hrs straight (with some small breaks to eat) lol.

I'm banking 45 to 70 pips per hour..kinda insane, I'm on autopilot and can't stop!...don't wanna stop, lol. I'm gonna calapse out of this chair soon however, lol.
I'll be on skype for my buddies or any nice people that want pips
(my skype is petefader with no "s" at the end.)
That's impressive! Keep up the good work.
  • #962
  • Feb 26, 2009 2:45am Feb 26, 2009 2:45am
Pete, do you use a modified version of the Volume Spread Analysis?
  • #963
  • Edited 5:42am Feb 26, 2009 3:00am | Edited 5:42am
Quoting dimitrius
Pete, do you use a modified version of the Volume Spread Analysis?
nah, it's pretty much by the book. One you get the hang of it, volume will have its place in your trading, to help you see where the real money/activity is. I combine it with common stuff..channels, fibbs, patterns etc.
  • #964
  • Feb 27, 2009 3:23am Feb 27, 2009 3:23am
ahh geez, I slept right though my alarm for London.. I hope someone is in a short.
  • #965
  • Edited 10:00am Feb 27, 2009 4:07am | Edited 10:00am
This week I really picked up the pace with more aggresive scalps, many of them lasting less than a minute, so it's really hard to post at the same time.
If anyone is intersted, I can post some live trades.

edit: oh yeah, everyone is watching shakes..good trading.
  • #966
  • Feb 27, 2009 10:07am Feb 27, 2009 10:07am
Awesome pips for a friday..have a good weekend everyone..study up!
  • #967
  • Feb 28, 2009 2:12am Feb 28, 2009 2:12am
Quoting Petefaders
edit: oh yeah, everyone is watching shakes..good trading.
Man, he fooled us good and solid. At least he made me think more about price action.
  • #968
  • Feb 28, 2009 7:09am Feb 28, 2009 7:09am
Quoting dimitrius
Man, he fooled us good and solid. At least he made me think more about price action.
lol.

Anyone interested in price action should be more interested in where the price action is occuring location wise. (My own personal opinion) And should only merely use price action as the trigger to execute the trade.

If you are interested in learning more about Price action I would go to this thread dimitrius - http://www.forexfactory.com/showthread.php?t=2331 , My usual thread, there are far better traders than I there who will honestly answer questions all day long. Start reading the thread at the beginning and you will get all of the Price action "setups" and after that it is just a matter of experience.

Apologies for interrupting your journal Pete, and Godspeed to you on your trading journey.

Kind regards,
Jig
  • #969
  • Feb 28, 2009 9:20am Feb 28, 2009 9:20am
Quoting Jigsaw
lol.

Apologies for interrupting your journal Pete, and Godspeed to you on your trading journey.

Kind regards,
Jig
Not a problem.
  • #970
  • Edited 11:30am Feb 28, 2009 10:44am | Edited 11:30am
Quoting dimitrius
Man, he fooled us good and solid. At least he made me think more about price action.
Yep, reminds me what Ronald Reagan used to say "Trust but verify"...
I did however start watching tick action more for precise entries and PA...(a method that shakes didn't invent)...I find it usefull, along with the rest of my method, whick took years of study.
  • #971
  • Mar 1, 2009 3:30pm Mar 1, 2009 3:30pm
Ok, my buddy (childhood friend) tried his hand at live trading, and dug himself into a deep hole.
It's only a micro account, but it's a mess. Now..I am going to try to ressurect his account.
Here's what I'm starting with before market open this week.

http://i42.tinypic.com/2r76hhz.jpg

I like a good challenge, but this is gonna be tuff. Will post results.
PS: By no means am I an account manager, this is a good friend of mine, so do not ask me to manage your account.
  • #972
  • Edited 3:49pm Mar 1, 2009 3:49pm | Edited 3:49pm
Quoting Petefaders
Ok, my buddy (childhood friend) tried his hand at live trading, and dug himself into a deep hole.
It's only a micro account, but it's a mess. Now..I am going to try to ressurect his account.
Here's what I'm starting with before market open this week.

http://i42.tinypic.com/2r76hhz.jpg

I like a good challenge, but this is gonna be tuff. Will post results.
PS: By no means am I an account manager, this is a good friend of mine, so do not ask me to manage your account.
Well, good luck mate. You're going to need it.
  • #973
  • Mar 1, 2009 3:51pm Mar 1, 2009 3:51pm
Quoting dimitrius
Well, good luck mate. You're going to need it.
haha, thanks..I know..you see those hedges? wow.
  • #974
  • Mar 1, 2009 5:07pm Mar 1, 2009 5:07pm
short G/U, 1.4271..Just based on the clear double top and pa..
willing to take the risk, it has good potenial.
  • #975
  • Mar 1, 2009 5:32pm Mar 1, 2009 5:32pm
Quoting Petefaders
short G/U, 1.4271..Just based on the clear double top and pa..
willing to take the risk, it has good potenial.
out +30
  • #976
  • Mar 1, 2009 5:44pm Mar 1, 2009 5:44pm
I'm letting this g/u short run, on the above mentioned buddy account...
looks like I might want a piece of the profits, lol.

edit: closed it.
  • #977
  • Mar 1, 2009 7:21pm Mar 1, 2009 7:21pm
I'm watching E/J right now..took a few scalps. Let's see if it can break 50 and hold it..if so we'll have some strength. If it pulls back I'll look to short.
  • #978
  • Mar 1, 2009 7:38pm Mar 1, 2009 7:38pm
No action..this might suck untill london, but I'll be sitting here watching anyway..just in case. Time for a coffee refill and a good flick playing in the background.

..Ahh it's good to be back, I sufferd SERIOUS trading withdrawl over the weekend.
  • #979
  • Mar 1, 2009 7:43pm Mar 1, 2009 7:43pm
good enough for me, im long at .69

edit: ooh, 1 min volume just turned on me..let's see..
  • #980
  • Mar 1, 2009 7:48pm Mar 1, 2009 7:48pm
stop at BE, just noticed an upper TL.
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