Supply/Demand, VSA, Wyckoff with Petefader
Additional videos here: petefaders's Channel - YouTube
Welcome!
This is a continuation of my first thread which is now over 300 pages. The benefit of this new thread is that it will be more focused from the start. The videos lay the foundation and my past posts, as well as the new ones here, show the nuances involved. It wouldn't hurt to read at least the second half of my first thread to further understand what will be shown here. 1,500 PIPS PER MONTH with this method, VSA/SR/fibb etc.
If you chose to follow, watch these videos multiple times if need be and really absorb the information.
It's golden. It's about 90% the same as traditional VSA. I had to make some changes based on my experiences in trading the method. Particularly in the "Sustained versus Temporary" Smart Money activity that I explain in my videos.
As always, your posts are encouraged.
Additional videos here: petefaders's Channel - YouTube
Commonly asked questions:
What do I use for volume feed?
A demo MT4 from IBFX and/or GoTrader. Google them. The Volumes indicator is included.
What if I can't tell what Phase we are in?
Then there is most likely no consensus among smart money for a trending move and you can trade either direction using the latest signal. Remember the principle, buy low, sell high after climax volume when looking for entries.
I don't have time to watch a 5 min chart for entries, can I trade this method?
Yes, just using the 1hr chart and the same entry method as the 5 min is valid. The difference is less detailed information is given to assess the probability, and a less fine tuned entry may mean bigger stops/min targets. ...but sometimes less is more.
What should I think when I see posts in this thread that alter the method?
Ignore it. My name is in the title for a reason. The focus should be on my version of the VSA/Wyckoff methodology.
I try not to "police" the thread, and just allow people to share what they wish, unless I find it to much of a distraction.
Is there a chat room?
Yes, a skype chat room for those interested in learning and trading together. Contact Petefader on skype if you would like to join. It is free of charge.
Where do you get your news and holiday schedule?
Forex Calendar @ Forex Factory
I heard that volume in forex is unreliable and I would like to argue this although I am completely ignorant.
Go away lol.
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Last edited by petefader; 03-22-2013 at 02:02 PM.
There's no crying in forex.