crude looking long, might be a chance to short the Ucad, got some heavy stoping vol
also the dix is in a rising wedge, me no like :33::33::33:
crude looking long, might be a chance to short the Ucad, got some heavy stoping vol
also the dix is in a rising wedge, me no like :33::33::33:
Hi Darastonius,
Good post man! Hereâs a man that knows how to post!
I didnât pull up the charts on my end, but I looked at yours and it appears to me you are on the right track. Iâll make a couple random notes here.
Typically we donât trade the E/G, but that certainly doesnt mean you canât or shouldnât. We usually use it to filter when we are considering trades that involve either the Euro or the Pound, and then pick pick the one that looks like it may have more probability based on the whatâs going on in the E/G⌠IF everything else looks equal. Or sometimes I just say screw it and put a half position on each
In a scenario where we have a bearish bias, just be aware that high volume on bearish bars is typically only good for us if the next bar(s) continue down. Remember effort versus result. It looks like thats what we see here. However, a high volume bearish bar on itâs own shouldnât be considered a good thing because if the next bar is bullish, buyers may have showed up.
i LOVE that youâre using multiple timeframes. Typically we just use the H1 and M5, but I do love to peak at the M15 to confirm what Iâm seeing. As you know, markets are fractal and when multiple time frames tell the same story, our odds increase exponentially. I donât use the M1 that often unless I am seeing some really good stuff on the higher TF and canât find an entry. The M1 can be a great tool for getting in.
Nice use of trailing stops and partial positions.
Congrats on your initial success; keep up the good work!
P Daddy
Will do buddy. I donât have MT4 on this computer but I should have a chance tomorrow.
EDIT: For Frog68
[QUOTE=frog68;686155][/QUOTE]
Thanks for the comment PipDaddy, it was definitely helpful, I sure have to learn a lot.
Today I made another 0,5% of my balance in the only trade I opened on EURUSD after an NS candle. It was a big move, but unfortunately because of school I wasnât home, so I could only enter at the last one, so it was a much smaller profit.
The system gives unbelievably accurate signals for entry.
Hi everbody,
I see very high stopping volume in D1 support area. Could that be a fake breakout?
Probably a long opportunity tomorrow?
Regards Frank
Guys, I just saw Peteâs vid about the MetaQuotes volume feed. I search for the servers, I find the MetaQuotes-Demo server, click âNextâ, choose New Demo Account, then I fill out the details, but the âNextâ button remains greyed out, so I canât continue. This happens every other servers as well.
Is there something Iâm missing, or is my broker screwing around again with the MT4?
Thanks, Pete.
<a href=âMAM-PAMM 3 | Myfxbookâ><img border=â0â src=âhttp://widgets.myfxbook.com/widget?id=1147067&type=2&color=redâ/></a>
After a couple days of very flat, off looking Volume, I gave up on metaquotes feed and subscribed to Esignal. My best advice without it would be to compare 2 or 3 brokers feeds.
In my opinion we probably had institutions scoping out this page seeing how so many people were succeeding, and they wanted to put an end to it, so they bought IBFX. I have no proof of thisâŚjust knowing/hearing how FXCM operates it wouldnât surprise me.
Lol! It would not surprise me in the slightest that a company like FXCM would do this. They suck!
Did anybody experiment with position building on VSA?
For example, you enter on a push through successfully, when price reaches the next logical level, there is an ND/NS candle, so you open another position, then at the next level, you see an other signal which shows that price will continue, so you open another position, so on and so forth.
Technically you open another position at every level, when an enter signal appears, until there is no stopping volume, or buying climax, or something which clearly shows the end of the move. Is this too risky? Iâm just hypothetical here, but usually price does continue, instead of suddenly reversing after an ND/NS candle.
Hi All,
As some of you know I was one of Peteâs students. Actually, I should say I AM one of Peteâs students since I still learn new things from him almost every time I trade with him. I studied Tom Williamâs and Pete with vigor for multiple years and humbly consider myself an expert on their material, and an expert trader. For two semesters now I have taught Day Trading at the University of Wisconsin. I owe that opportunity to Pete Fader and Tom Williams for putting all the information out there, and letting people learn from them. In order to further this community and contribute to it, I am posting the recordings from the past semester which just concluded a few days ago.
If you havenât traded before start at Class 1. My guess is, since you are here, you probably have some experience trading. If that is the case, you can probably jump to Class 2 and 3, where I really get into the heart of the matter. If youâve got experience with Peteâs method and VSA, to the point where you can post intelligent questions and examples here on the thread, you can job right to class 3. Thatâs not to say you wonât pick up some things from 1 and 2, but if you are in a hurry, go right to 3.
To all of you who had previously asked for a copy of my many pages of notes, please use these videos in lieu of the notes; they are more comprehensive and easier to consume.
Youâll hear me say to wait to get back in YM (Dow) during the first and second class, and spell out what it would take for me to get long again, and then youâll see me show the evidence in class 3, which played out nicely today for a couple hundred point gain
If you enjoy the videos, please give a thumbs up and like them as that helps get them out there. If you want to see more videos from me in the future, please subscribe.
If you have questions on anything, Pete, myself, and others are here to answer them. Please post questions here so that everyone can see them and so that itâs easier to reply.
Please note; there are times where I had to draw things on the dry erase board in class and step away from the computer. So, at times my voice does get kind of quiet and youâll need to turn up your speakers. Also, you obviously canât see those drawings, but since youâre following Peteâs method, youâll have a good idea of what Iâm talking about and should be able to follow along with no problem.
Class 1: Best Free Day Trading Lesson #1
Class 2: Best Free Day Trading Lesson #2
Class 3: Best Free Day Trading Lesson #3
I hope you enjoy and I hope this helps!
Regards,
Ryan
Cheers Ryan, just having a quick browse now before the frankfurt open Howâd you land the teaching job? Something like that would really compliment this trading nicely.
Another A/U short today. Up +70 pips now with no draw down. Entry was text book. ND after weakness, about 3 hours into London session. Taken live with the group of course. Itâs nice to have the AUD back.
Only 70 pips on the AUD? I told you before, all the cool kids are trading the Asian session! Will contribute a bit more to this forum, Iâve been in the wilderness for a while. Still trading everyday, but learning a few new tricks.
I guess Iâm not cool then LOL. Good to see you. Yes, always more to learn.
Your 3am start is early enough⌠not sure anyone would enjoy a 10pm session then a 3am one!
Ok, hereâs the real deal. An entire live session of me yapping. TONS of good information if you have the time. I take A/U short at 2.45.54
So you are trading the aus currencies during the off hours? Clearly because the USD market is moving it allâŚ
Interesting.