Petefaders Journal & Open Discussions

Banked another third at +44, but BE was hit on the rest of the eu long (posted at the time in another thread).

Seems buyers are still accumilating low with no rush to push up price yet, so I'm going to wait.

The types of things I am looking for to get back in long is an upward channel, break of resistance levels, lack of sell volume.

Being unsure of the timing, I would rather get in late and miss a few pips, then get in early and suffer a large draw down.

Maybe news will be the catalyst.

lol..I'm a lucky MF'r. I Banked another +40 buying EU.

I bought at the bottom after seeing those pin bars at support but I couldnt stay awake, so I set my tp at 61.8 fibb...

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Took just this one trade in the room friday to end the week.

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News manipulation ends the G/U run.

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I have not taken a loss on my 1hr system since using it again from the first week in Jan. That's right..100% win ratio. This is a system I put together. It's not bragging if you can do it, right?

I'm not posting a statement, everything can be faked anyway. I suppose if I'm full of it, my subcribers would post and tear me a new one.

I prefer posting on babypips now..too much BS around here sometimes, BUT I had to come and gloat..f-it.


PS, hello to my old FF friends, hope you are doing well.

Good ol' VSA.

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Well at least one of the most real and informative threads on FF isn't hidden from the masses of people who come here for education.......................................

Pete come back!! More charts hehe

This is my "REACTION to news move" trade.

At news release, price dropped fast. So I watched how the first 5min candle closed. It has a large wick on bottom.

THE INITIAL NEWS SELLOFF WAS ABSORBED BY BUYERS WHO FOUND THE LOWER PRICE ATTRACTIVE.

Then I watched the next 5min close..are they still buying? YES, the close of the second candle put price back to where it was before the news came out.

Now we have a 10 min, slow and steady rise after intial drop. Since price was not exactly skyrocketing yet, I decided to wait for the 15min close..PIN BAR!

That was enough for me, +70 pip trade.



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*Notice my yellow "strength/weakness" indie spotted strength before the move by moving up, while price was still moving down on 15min.

yes I do notice that! handy lil secret weapon no?

good trade btw

Live webinar starts now, going over one of my scalp systems.
www.gotowebinar.com ID# 176-248-451



EDIT: Webinar over. Message me if you want to join future educational Webinars,
or even better contact me on skype. Skype name: Petefader

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Follow me here: method-vsa-sr-fibb

I am limited to posting in commercial threads, so here is my response..

[quote=Malcolm]
I know pete..he used to be in my signal service and i guess alot of what i taught in that has rubbed off on him. MALCOLM, YOU DIDNT TRADE VSA BACK THEN, BUT YOU DID START TRADING IT AFTER YOU CLOSED YOUR ROOM, AND THAT GOT ME INTERESTED. I DON'T USE RAPID RSI, LOL.

He has completely missed the fact in his post that the red are on the right side of his chart is in fact sellers hitting the mark on high volume , that has sent market sideways for now. I DIDN'T MISS THAT, WHY DO YOU THINK IT'S RED? LOL.

form what he is saying he speaks with fork tongue ... IT DID WHAT I SAID, PRICE CAME BACK TO THE HIGH AREA AND VOLUME INCREASED WITH NO NEW HIGH, FOR THE SHORT ENTRY. "high volume to create a double top there, and a short entry"

BTW, Hi Malcolm Hope you are doing well.

lol..that got me some visitors eh? Guess I'll post this here..

I'm short E/U at 1.2544, scalp. Self explainitory I think..
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Took some profit off +10 since it's only a scalp, and locked BE for more, hopefully.


I post here.. http://forums.babypips.com/free-fore...tml#post204015

After a nice break for the summer, the trading room is open again.
Try it free for a day. www.myfxsource.com

Took two shorts in the room today..watch and learn struggling VSAers.

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We also caught this long today. 3 for 3.

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Took alot of patience today, but paid off with 2 wins in the room, no losses..here's the really pretty one. This resistance was from the daily..if you look back.

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