The College Trader

Hey guys what up? My advice right now to you is STAY OUT OF THE MARKET RIGHT NOW.....do not trade...RBA just raised rates(yea WTF?) and IMHO this kinda screwed with things a little bit. Right now it is very very risky to trade please take my advice and wait till New York session when the dust has settled and we actually have some levels to go from. I don't like PA right now.....


and instead watch this sweet ass radiohead concert

I don't see any useful patterns today except on the M15 charts. If you can scalp go for it, if not don't be ridiculous. The picture of the last scalp is posted here buying at 1.4704 and dumping it at the 61.8% retrace 1.4726. Of course EUR/USD kept going up but at least I got some pips.

The support level identified looks pretty solid. Perhaps the weekly pattern will show some development (it's lining up with a monthly pattern now).

Hey guys, how are you doing? Right now I am looking to sell USD against most majors but more specifically Cad, Jpy, Eur and Aud. I'm going to class here in about an hour 7pmEST and I'll do my chart updates in here while im in there cause its a 2.5 hr class and it gets boring....see you then

Hi guys, i'm now for about 1 year busy with forex and i'm already busy for 7 month for an EA you can see the results here.
I actually need to start a new demo account to start with a newer version of my EA

And I'm also busy to get the feeling of the THV system.

Oh and I'm an IT student at the Saxion University in The Netherlands

Hey guys. Right now I'm focusing heaily on Usd/Jpy since this daily trend is very very strong. I will sell if price retraces to the 89.35 resistance and I will sell if price breaks 88.56, and after price moves about 15 pips I will put stops to entry on these trades.

Eur/Usd----The pair is building a base at 1.4700 for another leg up to resistance at 1.4845. I will go long at 1.4700 with stops of 7 pips, if it breaks more than that I wont trade it.

Usd/Cad----I will be looking to sell here at 1.0664 resistance and/or a break of 1.0546. Im looking for 1.0410 as target. I will be trading this pair using the same strategy as Usd/Jpy.

Remember, don't risk too much on any trades. I generally only risk a maximum of 6-8% of my balance on all trades considering that I do trade more aggressively than most.

I will do an update later before London session to see where we are then. This class sucks. Talk to you guys after while....

York University as well!

Just finished at Seneca College after going to McMaster for a couple yrs..trading full-time now and split my time between Toronto and Bermuda..I remember skipping many classes to trade lol..anyway, best of trades to all

if you guys trade please share ur trading ideas...................im sure everyone here is trying to have a proper college time while kickin it and making some bucks$$$$$$$$$$$$$$$$$$

Well, im long 2 units of EURUSD at 4680, and 1 unit of AUDUSD. Unfortunately I can't post charts yet.

Closed AUDUSD with 147pips, euro closed 2 lots at 1.476 for +80 pips, still have 5 more lots open with TP 1.481. If TP is hit, selling 6 lots

are you trading standard lots?

Btw, the TP on the previous trade was hit, and so was the sale of 6 mini-lots from 1.481 down to 1.472. Its been a great week

Long weekend too Comlumbus day = WIN

Hey guys,
economics-finance major here, 3rd year also new england area, massachusetts to be more exact (Bentley Uni.). Saw a couple of guys from around here good to see ya.

To chime in on career choices: for the past two summers I've done an internship at a big local mutual fund company, I like the stability, but honestly, not enough $ and the bureaucracy as someone mentioned blows, and I think that comes with any major bank/corporation from the talks that I've had with people.
Ideally I want to head towards strategic/system trading, towards hedge funds if anything because traditional asset management aka mutual funds/buy and hold strategies are really struggling and not offering large enough returns for investors so why would I try to make a career in something that is on the way out.

Feel free to chime in on any of that, I'm sure some have had different experiences.

Very nice dude! thanks for joining.........I didnt trade today at all, due to very bad usd correlation. Its homecoming weekend here at Kent State which = complete shitshow. Time to get rowdy. Hope everyone has a safe and great weekend. CYA on sun night

if anyoneis in northeast ohio come to kent5 tomorrow night to party at my house 305 university dr. kent ohio 44240 tomorrow @ 8pm EST. yea this post is hilarious but true......

Oh Bentley, that's kind of close. I'm actually at UMass Amherst as a freshman right now. The only internship I've done is with an itty bitty branch of the John Hancock insurance group my senior year of HS.

I talked to some finance majors and they let me know that the first few years at a job you'll be pulling in 35k (of course there are people who do much better that they're talking generally). Comparatively, that's meager, especially because my second major is pre-med. Now I'm down to two choices: hopefully land a proprietary trading position then go hedge fund once I make a great track record OR go to med school. Tough choice because I like both options very much, just one is much more stable and grantees a great salary while the other is a deal or no deal sort of job. Oh goodness I wish I could get some professional guidence, but how do you get to meet a HF manager anyways?

Yes, the market is acting screwy and the weekly signal I posted earlier is now invalid, though I'm still watching it since lots of traders make impulsive decisions where I can make some fast money and jump out when they realize they've over or undervalued the pair.

For now I'm sticking to shorter time frames. Here's an example of an earlier trade buy at 1.4680 and close at 1.4709 due to retrace resistance and shooting star candle. Every little pip counts I guess:

lemme tell you something ppl .. you are way too concerned with the money you are going to be making and the great career you're going to take up .. why don't you just take it easy and slowly and go from there? works awesome for me... here's an example, gbpjpy +1124 pips if my stop is triggered... just following along, not bothering too much about how much money I am going to make, this way it's always gonna be more than I expect

Yeah I know a few people going there, are you keeping up with the parties?

@ Slight ... The career choices we are talking about only partially have to do with money, they also decide the people you will be surrounded with for the rest of your adult life almost on a daily basis since you will be working with them every day. Also what you will be researching, studying, creating unless you decide to trade for yourself and do everything by yourself, then the answer is simple. We are probably looking into this a little too early, but I rather have an idea in mind and go with it than be clueless and just go with the herd which is especially easy to do in college. Don't get me wrong, I love my parties, clubs, bars, and females, but at this stage in my life my priorities are somewhere else, but that's also mainly based on my personal situation and where I come from. To each his own, life will be best lived only the way you see fit.

Now @ fullperson, ya most jobs right now out of my school are 40-50, I think I'd end up right in the middle if I went with what I have now. I'm pretty sure I will because the job market is not the greatest and my aim would be to connect to subadvisors we work with like T Rowe, Pimco, GMO, etc. and see if I can jump over in a few years. I'm also thinking trying to pass my level 1 CFA before I graduate since I think I would want to be on a buy-side to gain some of my experience. I love learning all this stuff on my own, and with time I'm sure I can be consistently profitable at a point when I would accept to manage other people's $. I'm thinking of a point where a best friend could ask me to manage some of his money and I wouldn't have to think about helping him or not because I'm not sure enough of my own performance even though I've been on a pretty good track for a year or so. But, at the same time I want to get institutional experience to understand more of how the whole system as a whole works. I think there is so much to it, and it really interests me so that will probably be the way I take for at least a few years out of college.

I think your decision between med-school and going into finance side is an interesting one. I ruled my other options out right after high school. I loved physics/engineering and I'm pretty sure I could pull my weight in pre-med (mum used to be a cardiologist so I've seen a bit of what she does) and it did interest me to a point. But to be honest, I think anything you pick, once it gets more advanced and if you like understanding more complex things, analyzing etc, you will like almost any field you go in to. Trading is no different in a sense where you're presented in a case and you have to come up with a decision in a specific period of time. The only difference is, there's no 6 year required curriculum to guide you while you're learning. And I think if you spend a decent amount in any of these fields and do your work, you can be successful and easily get a more than a sustainable salary. It's a matter of how much work you are willing to put in before you settle, some people settle before high school ends, some after, some after college, some don't settle and keep their learning curve going ... no matter what field you go into if you want to be successful you will have to keep up with the advancements to an extent and really get in depth of what the subject is about.

Sorry if that's a little lengthy, I have more to say but this is getting a little too long =)

PS that's just my experience and opinion, how I see things so for no reason you should take it for granted. Best is if it spurs any thoughts of your own, and please share since I'm no expert in this matter either, haha. I've talked to some people who've "made it" in their own sense and almost everyones has a different story, different goals in life, and what success at the age of 50 or 60 is to one person isn't the same to another.

Student trader at Oregon State University here, what is your favorite reporting software?