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Petefaders Journal & Open Discussions

  • #1,001
  • Edited 4:26pm Apr 2, 2009 3:43pm | Edited 4:26pm
Quoting Petefaders
above 140.50 to 141. then it could go as far as 147.
cha-ching.

We might get a pull back here for Aisa.
  • #1,002
  • Apr 4, 2009 2:41am Apr 4, 2009 2:41am
I'm new to the forum (first post).

I'm fascinated with volume spread analysis, and found this thread while searching.

Thanks for your efforts.

I've been interested in using volume on short term trades, so your insights are extremely relevant to me.
  • #1,003
  • Apr 12, 2009 10:16pm Apr 12, 2009 10:16pm
Great thread..just discovered volume trading today..noticed you like 3 min timeframe.. this indie allows you to add 2 min or 3 6,7 etc. Just add it to your 1 min chart and type in the timeframe # 2 or 3 or 21 etc. then click file(top left)..choose open offline..find your pair and new timeframe.Would also like to join your Skype group ?..ChowForNow
Attached File(s)
File Type: zip Period_Converter_Opt.zip   7 KB | 400 downloads
  • #1,004
  • Apr 16, 2009 9:10pm Apr 16, 2009 9:10pm
Quoting BubbaHotep
Great thread..just discovered volume trading today..noticed you like 3 min timeframe.. this indie allows you to add 2 min or 3 6,7 etc. Just add it to your 1 min chart and type in the timeframe # 2 or 3 or 21 etc. then click file(top left)..choose open offline..find your pair and new timeframe.Would also like to join your Skype group ?..ChowForNow
Now that is something I could use. Thanks!!
Contact me on skype anytime.
  • #1,005
  • May 1, 2009 11:34am May 1, 2009 11:34am
Quoting Petefaders
http://i44.tinypic.com/qzki9f.gif
not hard to see why gj moved up..bounced off the trend line. If we pull back from here, 4hr could become a head n shoulders. above 140.50 to 141. then it could go as far as 147.
Looks like you were very correct, look forward to seeing more
Boycott GFT for NFA hedge rule
  • #1,006
  • May 4, 2009 3:56pm May 4, 2009 3:56pm
Quoting Bigfx
Looks like you were very correct, look forward to seeing more
Hello Pete,

First of all,many thanks for sharing your trading experiences in this forum. I have been learning a lot lately from your forum. Especially I am working on incorporating volume to my advantage. I see the concept, but with the MT4 Volume indicator I am lost somehow. For instance, when the candle stick shows that price going down, the volume shows big bar for going up....its not always like this..but I am having difficulty in understanding this in 1M chart..

I am very new to trading and your help in this is greatly appreciated..

Please have a look at attached doc on my demo trading

Many thanks in advance
Attached File(s)
File Type: doc Volume analysis.doc   164 KB | 456 downloads
if not now, when?
  • #1,007
  • May 4, 2009 4:40pm May 4, 2009 4:40pm
Quoting amir2036
Hello Pete,

First of all,many thanks for sharing your trading experiences in this forum. I have been learning a lot lately from your forum. Especially I am working on incorporating volume to my advantage. I see the concept, but with the MT4 Volume indicator I am lost somehow. For instance, when the candle stick shows that price going down, the volume shows big bar for going up....its not always like this..but I am having difficulty in understanding this in 1M chart..

[size=3]I am very new to trading and your help...
Hi Amir. Remeber volume represents activity. So the idea is to see where the bigger activity is..up moves or down moves...start with that.
  • #1,008
  • May 5, 2009 7:04am May 5, 2009 7:04am
Thanks for explanation Pete...as you said..I will start from there...
if not now, when?
  • #1,009
  • May 6, 2009 7:51pm May 6, 2009 7:51pm
Pete is charging for his skype service. How does twee not understand that?



Love you Pete


Steelhead
  • #1,010
  • Edited May 12, 2009 10:13pm May 9, 2009 5:36am | Edited May 12, 2009 10:13pm
Expecting another low volume reversal next week.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.jpg Size: 142 KB
  • #1,011
  • May 10, 2009 6:19am May 10, 2009 6:19am
Quoting Coho
Pete is charging for his skype service. How does twee not understand that?



Love you Pete


Steelhead
hmmmmm !

no response from this petefaders fellow !!

is this true pete?
  • #1,012
  • Edited May 12, 2009 10:20pm May 11, 2009 10:11am | Edited May 12, 2009 10:20pm
Perfect! Started shorting GJ at 150.07 around market open.
  • #1,013
  • May 13, 2009 8:51pm May 13, 2009 8:51pm
Sorry twee, I'll post smaller charts.
  • #1,014
  • May 17, 2009 6:20am May 17, 2009 6:20am
VSA scalping the 15 min..
http://i41.tinypic.com/rse6tc.jpg
  • #1,015
  • May 18, 2009 6:31pm May 18, 2009 6:31pm
can you please PM details on how to join your skype group.
thanks
  • #1,016
  • May 19, 2009 12:50am May 19, 2009 12:50am
my recent chat with PETEFADERS on skype:

[4:30:04 PM] simon: hi petefader--this is fxmechanic from FF. thank you for the invitation
[4:30:26 PM] Petefader: hi
[4:48:01 PM] simon: hi there
[4:48:08 PM] simon: thanks for accepting
[4:48:19 PM] simon: do u have a skype chat group?
[4:48:54 PM] Petefader: I did for a while, then I started a chat room on my website
[4:49:26 PM] simon: how do i become part of that mate?
[4:50:14 PM] Petefader: www.myfxsource.com/peteschat.htm
[4:51:08 PM] simon: is it paid or trial?
[4:51:24 PM] Petefader: $10 for one week trial
[4:51:41 PM] Petefader: live voice analyzing and trades
[4:51:50 PM] Petefader: never a loosing week
[4:52:24 PM] simon: 1 sec mate--on thew phone
[5:08:28 PM] simon: sorry for that
[5:08:39 PM] simon: how many hrs of trading /day?
[5:08:59 PM | Edited 5:09:04 PM] Petefader: 1am to 11am eastern
[5:09:12 PM] simon: 12hrs?
[5:09:18 PM] simon: 10hrs osorry?
[5:09:19 PM] Petefader: 10
[5:09:22 PM] Petefader: right
[5:09:31 PM] simon: so u take many trades?
[5:09:32 PM] Petefader: so i started 2 hrs ago
[5:09:37 PM] Petefader: about 5 a day
[5:09:47 PM] simon: average win ratio?
[5:09:56 PM] simon: any log book on trades taken so far?
[5:09:59 PM] simon: performance?
[5:11:33 PM] simon: avergae pip profit/sl per trade?
[5:11:33 PM] Petefader: yes look at the link
[5:11:36 PM] simon: ok
[5:11:55 PM | Edited 5:12:21 PM] Petefader: up 25% this month..and thats considered slow for me
[5:12:33 PM] simon: u only trade gbp/jpy?
[5:12:39 PM] Petefader: and eu
[5:12:44 PM] Petefader: sometimes ej


so how come TWEE has not banned this guy

i see some traders have bias in here

taking the FF rules into consideration--this is not allowed.

PETEFADERS :stop getting people to join on your website indirectly through skype

i hope the moderators will treat this the same way as as they have treated everyone who owns a subscription service.

see attachment for pic of live chat from petefaders

i contacted petefaders through skype with the intention of joining his skype chat group and learn more. Instead i was lured to pay for the signals.
I hope no different rules for senior members !
Attached Image (click to enlarge)
Click to Enlarge Name: chat2.jpg Size: 23 KB
  • #1,017
  • May 19, 2009 1:29am May 19, 2009 1:29am
Get a life.
  • #1,018
  • May 19, 2009 10:52am May 19, 2009 10:52am
I have spent a good bit of time in Pete's room and have to say it's excellent. No one is being lured into anything here; Pete held a free Skype chat but it soon became clear he needed to moderate those members of the chat who were serious and not just after a freebie signals service. I'm glad he did.

He hasn't advertised or tried to solicit business directly through FF either.
  • #1,019
  • May 20, 2009 8:18am May 20, 2009 8:18am
Quoting fxmechanic
my recent chat with PETEFADERS on skype:

[4:30:04 PM] simon: hi petefader--this is fxmechanic from FF. thank you for the invitation
[4:30:26 PM] Petefader: hi
[4:48:01 PM] simon: hi there
[4:48:08 PM] simon: thanks for accepting
[4:48:19 PM] simon: do u have a skype chat group?
[4:48:54 PM] Petefader: I did for a while, then I started a chat room on my website
[4:49:26 PM] simon: how do i become part of that mate?
[4:50:14 PM] Petefader: www.myfxsource.com/peteschat.htm
[color=red][b][4:51:08...
is this true?
Boycott GFT for NFA hedge rule
  • #1,020
  • May 20, 2009 12:22pm May 20, 2009 12:22pm
Quoting ukdaytrader
I have spent a good bit of time in Pete's room and have to say it's excellent. No one is being lured into anything here; Pete held a free Skype chat but it soon became clear he needed to moderate those members of the chat who were serious and not just after a freebie signals service. I'm glad he did.

He hasn't advertised or tried to solicit business directly through FF either.
Totally agree ukdaytrader. I have traded with Pete for quite some time. Great guy.
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