It’s a really good tool to use for your own stats and trades. An online journal that collects all your stats, very usefull. But it can be manipulated there’s lots of techniques to do this.
By the way Ryan I enjoyed your videos you did still trying to get through them, cheers.
Everybody are writing so I will share my point of view.
Maybe people have mixed “Petefader VSA method” with “Tom Williams VSA method”.
I would like to stress that:
Petefader is using Tick Volume in his approach.
Tom Williams VSA is using Real Volume in his approach.
The thing is that there between those two there is huge difference.
For example:
Push through AR entry.
On tick volume you would expect small volume.
On real volume you want to see increase.
Why is that?
Tick Volume showing changes in price. So let say if price wants go higher what is making change in ticks.
Answer
Sellers or profit taking - both are not healthy in sustain move.
On the other hand we have got VSA - True Volume by Tom Williams.
What volume you should see on the break?
BIG - why? Because whoever is buying want to absorb all the other party which could stand on the way. And he wants to be successful so the volume is “BIG” showing Demand on good quality overwhelming Supply on poor quality.
Why do not you people take the time to compare closely Tick Volume and Real Volume (Real Volume - futures volume) you would know that they are diffrent.
I think to understand Petefader VSA approach one have to know and fully understand TICK VOLUME.
People asking for proof. This is very strange because they should know that ultimate success depends NOT in the method but in interpersonal qualification and many more.
It’s very reasonable for someone to ask for proof with everything else that goes on out there. Screenshots and testimonials just don’t do the trick anymore.
For five bucks I can pay someone on fiverr to create a video testimonial for me. No joke.
All the same, it is up to the guru to decide whether or not to comply. They certainly don’t have to, but they should anticipate the refusal to do so will result in backlash and skepticism.
Knowing that, why indulge it?
If the marketing plan omits it, then so be it.
From experience, I’ve been on both sides. And when I came up with what they wanted, subscriptions grew and the hate went away. So my general advice to other service owners is to just comply with the demand. If not, don’t get upset over the ones that are skeptical. It was exactly as it should be expected.
[QUOTE=“westpest;690581”]Myfxbook can be easily manipulated. Otherwise why not follow one of the systems that claims 100000 percent profit?[/QUOTE]
Then manipulate it and show me how that’s possible. I just don’t see how that’s possible with how myfxbook does their verification.
[QUOTE=“PipDaddy777;690588”] I have never been a follower of that site so I’d love to hear from Master Gunner, your or others to see if its legit or if it can be faked. I am willing to take the challenge and enroll. The only issue is that I don’t trade full time, so I’m not going to have trades every day, and sometimes not every week. So, people will have to be patient. But, over time, I’ll show you winning trades outweighing losing trades, and profit.[/QUOTE]
I think it’s beneficial even if you don’t make it public. There’s a lot if good information it calculates to give you a better understanding of your trading plan.
You make some good points here MG.
I will say, Pete seems very happy with his trading and his training business, so this really is all up to him. I know from experience Pete is a good trader and a good teacher so I often feel the need to interject. However, I’ve made my opinion well known to everyone on the thread, multiple times. I suppose that is enough.
I’m going to stay out of these quarrels from now on. No need for me to feed the trolls. I’m not going to change their minds and they’re certainly not going to change my mind.
Back to the business at hand; making money!
Thanks
Ryan
I watched your website Pete, nice website! Not sure if I wanna pay 400 bucks for it (unless they are prices in Krona which would be nice but very unlikely). I’m now looking for a forex buddy who’d like to support me with daily analysing the market (news, drawing trendlines etc). I don’t suppose someone in this thread can refer me to someone? I have experience in forex for over 4 years and read over 100 ebooks btw. Hope you guys can refer me with your vast pool of network buddies. I"m just tired of analyzing the market alone and it would be nice to at least have 1 person who is on the same wavelength as I am. I’m Michael from The Netherlands. Skype: m_lobry.
Morning Folks (Sunday),
I haven’t posted here in a while but I’ve still been trading Pete’s VSA technique on the hourly chart.
In addition to Pete’s video I thought I’d mark up the Aussie from last week to show that amongst the chaos, the volume doesn’t lie! 
1 - Buying at the lows on Friday, Pete’s mentioned Friday is a profit taking day, but we’re also coming into 0.7600 support which is significant for AUD, with all the chatter of it going to 0.75.
2 - London setup, highest volume, confirmed on the following bar, short opportunity on the 5m if you’re aggressive but keeping in mind it’d be difficult for this trade to swing through 0.7600.
3 - Following morning (Tuesday) a bit of buying volume but there was Aussie news in the morning. London session, rinse & repeat. From yesterdays resistance, selling volume, confirmed, short entry. 4 - There is a bit of buying volume in the NY session on the way down though.
5 - Wednesday (pre-yellin’!), not touching anything, waiting for Yellen on Thursday morning. You can see though on Thursday, price comes off 0.7600 but still shows “selling” volume, each up bar has a wick on top with volume increasing.
6/7/8 - Yellin’ time. Time to sit on the hands & trade the reaction. Huge volume & up/selling candles, on (8) a nice hammer that fakes out 0.7800, this would have tripped a good amount of stops.
9 - The dream entry Monday morning, buying climax/stopping volume, confirmed, at 0.7800 and previous day’s resistance. Bombs away.
Cheers (This is probably what Pete went through in his video, but it’s Sunday morning, my charts are frozen, and I’m caffeinated.)
P.S. Posted this without realizing there was 3 pages of whinging about this method above me! If you’re negative, our doubtful, or want a myfxbook record, or don’t want to part with $400… here’s a crazy idea, watch all of the material on youtube (free), spend month(s) making notes & studying (free, your time), test & backtest (free, your time) then prove this method to yourself.
No need to pay $400 if thats out of your price range. Watch all of Pete’s YouTube videos, read this thread, and his last one twice each, and join Pete’s trading room which is a fraction of the price of the trading course. If you do this you will be able to analyze the charts on your own, and probably teach it to others.
Afternoon Folks,
Here’s a nice setup, here’s the base reading (viewing) material -> YouTube
Daily TF: Euro on a run upwards, there’s a big gap (liquidity void) that needs to be filled, my roughie is that it’ll go North to 1.1087.
1H TF: Uptrend
1H volume: Lack of selling at yesterday’s high
CTFC/CoT: No major swing in sentiment
Bias: Long!
Here’s the chart, quite a basic swing projection/retracement on, and I really like the 70.5% fib level, not as a zone, but as a +/- 1-2 pip level, it’s uncanny. Also a test of the Asian Range low. Would have been even nicer had this tested 1.0900 but it didn’t. 1h TF pullback with the trend No Supply confirmed if that’s your cup of tea, take your pick!
Will let this trade bubble, am at B/E but I could always be wrong with the swing
Looks like EURUSD trend has turned downward again. I am waiting for up wave for final confirmation…:33:
yeah dollar looks poised to regain some strength across the board (could always be wrong, should go without saying)
Morning folks,
First for Pete -> Hey! And also… any notes or quirks in your experience wrt head & shoulders? Is the second shoulder often weaker?
This is quite cool on the AUD but also plays out on all the other dollars pairs. From memory the U/Cad and U/JPY 5th swing played out in full. Been reading a few other traders “triple tap” of a trend line, or a trend break retest continuation, head & shoulders etc…
This charts shows that someone elses channel theory is someone elses elliot wave is someone elses head & shoulders!
You know you are on the right track when you take the same trade as pete. I also took a usd/cad long around the same time but closed the trade as it started to reverse on my back into the range. Just after I closed it, it took off for 40 pips or so, Whoops
Hey TJvsa,
Here’s the U/C 5m with some notes & suggestions (cautions):
So we got a selling climax but then went lower and on lower volume, so I’d be cautious initially. The area I’ve marked “not ideal”. First swing high after this, Automatic Rally. Ideally price would break out of here, pullback, & retest with some buying volume. The candle marked “red x” ideally this would have some volume to it. The “push” following thsi candle is good that this deosn’t have selling volume, like a clean push confirming the no supply candle, I’d enter here or the followig one.
Alternatively though, you’ll get a better R:R (but less win/loss %) by having the balls to enter at the bottom (like you did)
All depends on your higher timeframe view and what the overall USD is doing.
On your SL -> Maybe move up the SL below the “No Supply” Swing Low, still giving yourself a chance to stay in but cutting down your risk by quite a lot. It took my a while, but the 5m chart (imo) is the scope of the rifle, I only look through it to take my kill shot, them i’m back on the 1H chart, less stressful, easier to manage, I ended up with bigger R:R trades, but it’s all personal preference.
Can I get a commission or something for this mark-up? 
Yes I should have just moved my stop to bottom of the no supply candle but that was a low volume close back under the auto rally with very little wick to it. I would have thaught some buying would have come in on that candle if there were higher prices to come. My balls are not that big as I entered at the close of the candle that broke the lower no supply. So it may have been a bit premature but it sure looked like it was going to bust through the auto rally level.
Yep, I ended up talking about that in the video. I look to short the top of the second shoulder (or bottom if it’s inverse). Ideally its a fib zone. Almost always is.
The classic break/bounce of the neck line entry is a step too late. Typical.
When Volume agrees (as noted in the vid) I’ve often called this the “Golden setup” due to it’s high probability and speedy profits. :22: