DislikedI desperately need a girlfriend. blew a massive chance with one i thought i could have a great relationship with..Ignored
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Journey Of An 18 Year Old FX Trader 16 replies
How old are you, trader? 54 replies
old trader but new learner 4 replies
DislikedI desperately need a girlfriend. blew a massive chance with one i thought i could have a great relationship with..Ignored
Dislikedhahhaahaha lol... guys despite the jokes,
i need people to show how they trade. We can become pretty tight if we all come from different trading backgrounds.
heres the list of people needing to show their struts:
Highlander2, Piptrapper, TedgeUK, PoundTrader, Link, Srikandi, Sekambek,
if you consider yourself new, please show what you like to trade with.
This is a thread of knowledge. Share knowledge, the more you'll learn
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DislikedSorry man could not resist lol.
I trade price action on daily, 4hr and sometimes 1 hour charts. I guess my main strategy is to wait for a key level to be broken, and when i say broken i mean smashed by a 100 plus pips normally. then I wait for a retrace back to the level which broke. On this level I look for candle stick patterns like pin bars. if it sets up im usually all over it.
I am almost exclusively a breakout and retest trader and believe strongly in old supply becoming new demand and vice-versa, although some have argued...Ignored
Dislikedthanks man, after succesful and useful spamming in the eu thread, i have first found goldman, and cloggie. So Goldman deserves lot of thanks to even go with me this far! Redlion joined recently, met him at a random thread of doctortyby. Also big thanks to him investing his time to teach the young; me.
i know you love to scalp the pair, but if you have some analysis of the overall movement of the pair, i would appreciate it if you would post a chart with a reasonable more-than-1-line explanation.
Thanks pegasus
ADD: so are you looking...Ignored
Dislikedah... okay. Great we have a supply break, test, re-enter guy. good, good. price action! even better.Speaking of value thats very important. Good to bring that up . can you show a chart with your possible analysis for eur/usd pair?Ignored
Dislikedi have to run, but ill leave you with a great example of old demand--->new supply.
Here is the USD/CHF daily chart, each time the support was broken by a 100-200 pips pr so it rallied back to it and failed, it did this several times this year, and there was some good PA for shorts. I should have made more money out f this chart than i did.
I will say that you should look for pair which are respecting the levels like this and preferably trending, if its all over the place moving with total disregard for support and resistance then I will avoid...Ignored
Dislikedi have decided from a long list of indicators to use one good to measure volatility and market range and works as a moving average somehow as well: Bollinger Bands. Both with periods of 20, and one with 1 deviation, the other with 2.
Easy to determine if market is ranging or in a trending mode. So here you've got the lower 2 bands making a "downtrend sell zone" and the top 2 upper bands if price clings there it is an uptrend zone. Anywhere in between are retracements or a ranging environment. I willl show you example.
I will mark sell zones,...Ignored
Disliked@highlander2
yup thats a trend.beautiful broken levels changed huh?
@pegasus54 thanks for your analysis. im overall bearish but i love countertrending, and didnt buy last time, and sold because of the bear flag, and now looking for some opps.Ignored
DislikedI also love counter trending. What goes up MUST come down and what goes down MUST come up so why not use both the buy and sell buttons? I really hope this thread focuses on trading and not the bs I just read in the eu thread and the porn I see in The Ridiculous thread. That stuff is such a distraction. We need to make money and learn from eachother. Eventho I have been in this business for 8 yrs, I still learn everyday and even from the new traders. Sometimes a fresh new mind can shed a new perspective on an old trader.Ignored
Disliked...So tell us about yourselves. how do you trade? what is forex to all of you? How do you analyze the market?Ignored
DislikedI've been trading forex for almost 10 years now. Back then it was a completely different market. If you had a 100 pip move in the EUR in a day, you were lucky. Things were much calmer and retail forex was a smaller with much less market liquidity and volume. Therefore, fundamental analysis and general market sentiment was more important than technical analysis. However, it didn't really take much effort to be a position trader. All you had to do was buy euros on the dips and sell them on the peeks for as long as the fundies and sentiment pointed...Ignored