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14 Year Old Forex Trader's Lessons

  • #141
  • Sep 16, 2011 12:29pm Sep 16, 2011 12:29pm
Quoting GoldMan.
I think now you understand why i said that you should remove your indicators, i'm proud of you, now you will start to move in right direction.
If you have more money that you can spend then you don't really care about money, life is short, don't need to waste too much time in front of the screen., better enjoy some women and sunshine

Good luck.
Yeah, btw i had a nice brazillian jiujitsu class today. Nice peeps there, and nice coach. Jiujitsu is underestimated.

Women, not trying to be a brag, but many just come without me asking, and i enjoy a good hangout here and there, but sometimes, one wants to find the one who they can spend a more 'quality relationsip' for a long-term right?

Thanks goldman

Good luck to you too
Have I got something on my face, SOLDIER?
  • #142
  • Sep 16, 2011 12:30pm Sep 16, 2011 12:30pm
Quoting bumapatria
I want to see if im doing this right.

Please post replies about this.
Yeah its not looking bad however I don't recommend doing it on such a short time frame (M5), Put S/D on Hourly or daily and then by all means trade those levels on M5 but remember the lower the time frame the weaker and less important an area of importance becomes. That is of course unless you are extreme scalping for 1-5 pips but even then a minimum of M15-30 for that.

Jeremy.
  • #143
  • Sep 16, 2011 12:30pm Sep 16, 2011 12:30pm
Quoting bumapatria
I want to see if im doing this right.

Please post replies about this.
kind of, they are more zones than just a line. you need to identify one particular area price shot from and mark it with a coloured rectangle.
  • #144
  • Sep 16, 2011 12:32pm Sep 16, 2011 12:32pm
Quoting JeremyWS
Yeah its not looking bad however I don't recommend doing it on such a short time frame (M5), Put S/D on Hourly or daily and then by all means trade those levels on M5 but remember the lower the time frame the weaker and less important an area of importance becomes. That is of course unless you are extreme scalping for 1-5 pips but even then a minimum of M15-30 for that.

Jeremy.
Oh yes, its was just for sake of an example.

I hate scalping.
Have I got something on my face, SOLDIER?
  • #145
  • Sep 16, 2011 12:33pm Sep 16, 2011 12:33pm
Quoting bumapatria
Oh yes, its was just for sake of an example.

I hate scalping.
for a supply zone you want to take the last green candle into that zone, mark the bottom of the body "NOT THE WICK" and then the top of the zone will be the highest wick before turning downwards
  • #146
  • Sep 16, 2011 12:36pm Sep 16, 2011 12:36pm
Quoting bumapatria
Oh yes, its was just for sake of an example.

I hate scalping.
well then for a rough area for a reversal you've pretty much got it.
  • #147
  • Sep 16, 2011 12:37pm Sep 16, 2011 12:37pm
Hmm.. if you look at chart is that a reliable supply?

The thing is. Does anyone know how a possible supply and demand level is made before it actually is?

This is a whole load step backwards, but if one predicts a correct s/d level, the possibilities are endless.
Attached Image (click to enlarge)
Click to Enlarge Name: supply.gif Size: 32 KB
Have I got something on my face, SOLDIER?
  • #148
  • Sep 16, 2011 12:38pm Sep 16, 2011 12:38pm
Quoting bumapatria
Hmm.. if you look at chart is that a reliable supply?

The thing is. Does anyone know how a possible supply and demand level is made before it actually is?

This is a whole load step backwards, but if one predicts a correct s/d level, the possibilities are endless.
i would not mark that area, price did not surge away fast enough
  • #149
  • Sep 16, 2011 12:39pm Sep 16, 2011 12:39pm
This is my eurusd M15 scalp chart and we had good example just like in the video, i'm posting it so you could understand how to read those things in real chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m15 EXAMPLE.png Size: 163 KB
  • #150
  • Sep 16, 2011 12:42pm Sep 16, 2011 12:42pm
Quoting deankenny21
i would not mark that area, price did not surge away fast enough
Is this a more suitable supply?
Attached Image (click to enlarge)
Click to Enlarge Name: supply.gif Size: 30 KB
Have I got something on my face, SOLDIER?
  • #151
  • Sep 16, 2011 12:46pm Sep 16, 2011 12:46pm
Sorry if im annoying you guys, but i need practice, and evaluation from you guys about this.

I set a demand level in daily.

Is this righht?

Goldman, i saw your post, will check it out
Attached Image (click to enlarge)
Click to Enlarge Name: supply.gif Size: 34 KB
Have I got something on my face, SOLDIER?
  • #152
  • Sep 16, 2011 12:51pm Sep 16, 2011 12:51pm
My 20 year old close friend/trader, is going to be so pissed when he knows that his zigzag system (check out chart), where you buy when the two meet at bottom, and sell when meet at top is BEATEN with supply and demand if used properly. He's made thousands of pips, but i think he skipped this knowledge

Guys, im sure you wont check out system, but for anyone who does don't. Only he knows true high and lows, and you know how zigzags repaint badly. I didnt bother trying it even tho he told me too.

@Goldman, beautiful trades!

i've always thought that pinpoint or accurate precision like this is impossible in forex. Now its proven possible.
Attached Image (click to enlarge)
Click to Enlarge Name: zigzag.gif Size: 18 KB
Have I got something on my face, SOLDIER?
  • #153
  • Sep 16, 2011 12:52pm Sep 16, 2011 12:52pm
Quoting bumapatria
Sorry if im annoying you guys, but i need practice, and evaluation from you guys about this.

I set a demand level in daily.

Is this righht?

Goldman, i saw your post, will check it out
Yes this blue box is one of the demand levels
  • #154
  • Sep 16, 2011 1:01pm Sep 16, 2011 1:01pm
Quoting bumapatria
@Goldman, beautiful trades!

i've always thought that pinpoint or accurate precision like this is impossible in forex. Now its proven possible.
Also when you look at the pic and you can see the blue line up there where it jumped, it is supply zone that you can see in my weekly chart, as you can see you can trade very accurately.
  • #155
  • Sep 16, 2011 1:03pm Sep 16, 2011 1:03pm
IMPORTANT LESSON LEARNT #2:

Consistent will to learn in this business will keep all of us as better traders.

Example of today: Supply and Demand.

On this thread, i plan on learning important lessons at least once or twice a week.

All thanks to the pros, mentors, experts, and good friends here. Thanks
Have I got something on my face, SOLDIER?
  • #156
  • Sep 16, 2011 1:05pm Sep 16, 2011 1:05pm
Quoting GoldMan.
Also when you look at the pic and you can see the blue line up there where it jumped, it is supply zone that you can see in my weekly chart, as you can see you can trade very accurately.
Goldman, can a trader know where a supply or demand level might form before its actually made?
Have I got something on my face, SOLDIER?
  • #157
  • Sep 16, 2011 1:08pm Sep 16, 2011 1:08pm
Quoting bumapatria
Goldman, can a trader know where a supply or demand level might form before its actually made?
You can always see them before as you can see in my charts and in that video. Go to eurusd m15 and do those things step buy step like in my chart, pretend that you don't know what happened later.
  • #158
  • Sep 16, 2011 1:14pm Sep 16, 2011 1:14pm
Quoting GoldMan.
You can always see them before as you can see in my charts and in that video. Go to eurusd m15 and do those things step buy step like in my chart, pretend that you don't know what happened later.
Wow. Simply wow. I dont get why this stuff isnt written on books. I am making a good progress with my style + system, and hey i put this into my style and system, i can have a nice lower risk, situation, and be able to leave trades overnight more confidently.

now i know why goldman only makes like 2-3 trades per month.

Patience is key if anyone has to do this.
Have I got something on my face, SOLDIER?
  • #159
  • Sep 16, 2011 1:20pm Sep 16, 2011 1:20pm
Quoting bumapatria
Wow. Simply wow. I dont get why this stuff isnt written on books. I am making a good progress with my style + system, and hey i put this into my style and system, i can have a nice lower risk, situation, and be able to leave trades overnight more confidently.

now i know why goldman only makes like 2-3 trades per month.

Patience is key if anyone has to do this.
If i'm bored i make a lot more but you don't really need to trade much, just spot the good oportunity, make big trade with tight stop and you make much more then most in a month ...and sometimes this trade is only 5-15 min long.
  • #160
  • Sep 16, 2011 1:23pm Sep 16, 2011 1:23pm
Im going to watch that video one more time to confirm and exile my doubts and questions about supply and demand.

Very worth watching.

@Link, i hope you are 'linked' to the past couple of pages, because this is quality material i wouldn't have got if it weren't for great people willing to share knowledge and experience.
Have I got something on my face, SOLDIER?
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