14 Year Old Forex Trader's Lessons | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Journey Of An 18 Year Old FX Trader 16 replies

How old are you, trader? 54 replies

old trader but new learner 4 replies

Attachments: 14 Year Old Forex Trader's Lessons
Exit Attachments

14 Year Old Forex Trader's Lessons

  • #381
  • Sep 24, 2011 8:31am Sep 24, 2011 8:31am
Attached Image (click to enlarge)
Click to Enlarge Name: my analysis.png Size: 42 KB



i would use initial small position and as price continues to fall and move upside then lose momentum i would add to my position, ready to rescue if any eventualities happen.

already calculating worse case scenario risk factor by how many pips upward is moving taking into account my position size on average should i be wrong
AVT INVENIAM VIAM AVT FACIAM
  • #382
  • Sep 24, 2011 10:05am Sep 24, 2011 10:05am
hmm.. . i should learn to recognize what you did based on instict aka habit.

Excellent. Truly excellent. can you show me examples on an hourly chart, and show how you would normally trade?


Sory i was gone, power outage.
Have I got something on my face, SOLDIER?
  • #383
  • Sep 24, 2011 10:57am Sep 24, 2011 10:57am
Quoting bumapatria
hmm.. . i should learn to recognize what you did based on instict aka habit.

Excellent. Truly excellent. can you show me examples on an hourly chart, and show how you would normally trade?


Sory i was gone, power outage.
How did your first week go using some stuff we told you about in the previous week ?
  • #384
  • Sep 24, 2011 11:20am Sep 24, 2011 11:20am
Quoting deankenny21
How did your first week go using some stuff we told you about in the previous week ?

awesome. Average pips on eur/usd was about 300.
supply demand.


Discipline, and emo intelligence helped a lot to gain that.
cloggie's posts helped a lot for me to do so and keep on improving my emo's.
Have I got something on my face, SOLDIER?
  • #385
  • Sep 24, 2011 11:27am Sep 24, 2011 11:27am
Quoting bumapatria
awesome. Average pips on eur/usd was about 300.
supply demand.


Discipline, and emo intelligence helped a lot to gain that.
cloggie's posts helped a lot for me to do so and keep on improving my emo's.
well done lad, i see your still using a few things like them cloud garbage and stuff, but in time and experience you will dwindle away from that.

Yes emotions is the key, alot of people missed out on my live trade calls in my room due to "fear" of having a limit order, while others not taunted by fear were able to enter on an order, and make the easy pips.
  • #386
  • Sep 24, 2011 11:34am Sep 24, 2011 11:34am
Quoting deankenny21
well done lad, i see your still using a few things like them cloud garbage and stuff, but in time and experience you will dwindle away from that.

Yes emotions is the key, alot of people missed out on my live trade calls in my room due to "fear" of having a limit order, while others not taunted by fear were able to enter on an order, and make the easy pips.
Yeah true, even my good trader friend, rama, makes average 1000 pips every 2 weeks, has a simple (complicated) system, and he told me that limit orders are dangerous, and all. I told him of supply and demand, but he still believes its the same as support and resistance which is not. E.g.: Electric guitar, and classical guitar are not the same. I play electric, and tried classical, and saw and felt the difference.

ADD: cloud garbage aka ichimoku, is my quest of knowledge. Know this, know that is useful. Learn a little something.I dont trade with it lol. I still use supply demand, and now trying to use momentum (@redlion ) ,the ichi-cloud-sen-line-cloud stuff is just some decoration on another chart, i find very interesting.

Fear is what killed me last time when i was live.
I want to apply what i know and do on demo live. I want to, and I will.
Have I got something on my face, SOLDIER?
  • #387
  • Sep 24, 2011 11:41am Sep 24, 2011 11:41am
Quoting bumapatria
Yeah true, even my good trader friend, rama, makes average 1000 pips every 2 weeks, has a simple (complicated) system, and he told me that limit orders are dangerous, and all. I told him of supply and demand, but he still believes its the same as support and resistance which is not. E.g.: Electric guitar, and classical guitar are not the same. I play electric, and tried classical, and saw and felt the difference.

ADD: cloud garbage aka ichimoku, is my quest of knowledge. Know this, know that is useful. Learn a little something.I dont trade with...
look how i just completely disected this persons chart, he had to wait for the "M" formation to occur before trading, while within the move i could have profited from every move while the "M" formation was happening, look at like this and its EASY!!

http://www.forexfactory.com/showthre...=1#post4984069
  • #388
  • Sep 24, 2011 11:46am Sep 24, 2011 11:46am
Quoting deankenny21
look how i just completely disected this persons chart, he had to wait for the "M" formation to occur before trading, while within the move i could have profited from every move while the "M" formation was happening, look at like this and its EASY!!

http://www.forexfactory.com/showthre...=1#post4984069
yeah man, same here, i love double tops. The first 3 waves is a nice ranging for sup dem trading, and the last supply is a nice wave down. Many people also criticized me for not trading something before its complete. to me, thats lagging.


ADD: but always assume yourself wrong, until proven right. Find a way to protect yourself if you are wrong, and analyze most if not all the possibilities of what could happen in the future - redlion.
Have I got something on my face, SOLDIER?
  • #389
  • Sep 24, 2011 11:48am Sep 24, 2011 11:48am
Quoting bumapatria
yeah man, same here, i love double tops. The first 3 waves is a nice ranging for sup dem trading, and the last supply is a nice wave down. Many people also criticized me for not trading something before its complete. to me, thats lagging.


ADD: but always assume yourself wrong, until proven right. Find a way to protect yourself if you are wrong, and analyze most if not all the possibilities of what could happen in the future - redlion.
double top hehe people wait for confirmation of a double top before trading, from that chart i would know a double top would have happaned before the second move up happened
  • #390
  • Sep 24, 2011 11:49am Sep 24, 2011 11:49am
to those of you wondering why i have a large post count:

i dont want a voucher or be vouched for having a large post count.

I basically post a lot, to ask and know more of everything. Thats why my post counts alread 1k in 2 months.

i ask a lot, i inquire a lot, i challenge a lot, i have a hungry desire for knowledge, and a continously empty stomach for it aka im always available to learn more.
Have I got something on my face, SOLDIER?
  • #391
  • Sep 24, 2011 11:52am Sep 24, 2011 11:52am
Quoting bumapatria
to those of you wondering why i have a large post count:

i dont want a voucher or be vouched for having a large post count.

I basically post a lot, to ask and know more of everything. Thats why my post counts alread 1k in 2 months.

i ask a lot, i inquire a lot, i challenge a lot, i have a hungry desire for knowledge, and a continously empty stomach for it aka im always available to learn more.
heres a little something for you while markets are closed, like i did with that chart a min ago, just open a few charts, and look how supply and demand has moved the market, then look where a move reversed look to the left and notice the demand or supply zone, and how it reacted previously at that zone, will be a nice eye opener
  • #392
  • Sep 24, 2011 11:54am Sep 24, 2011 11:54am
Quoting deankenny21
double top hehe people wait for confirmation of a double top before trading, from that chart i would know a double top would have happaned before the second move up happened
heres what i did on the dow.

i missed a nice long. so im looking for short. take a look.

but from now, ima just trade eur/usd. i cant perform rocket science and my brain surgery on 5 different patients. one patient is enough for intense dissection, heart transplant, sex change, chemotherapy, and i cant do 5.

one is hard enouhg

Attached Image (click to enlarge)
Click to Enlarge Name: dow.gif Size: 20 KB
Have I got something on my face, SOLDIER?
  • #393
  • Sep 24, 2011 11:57am Sep 24, 2011 11:57am
Quoting bumapatria
heres what i did on the dow.

i missed a nice long. so im looking for short. take a look.

but from now, ima just trade eur/usd. i cant perform rocket science and my brain surgery on 5 different patients. one patient is enough for intense dissection, heart transplant, sex change, chemotherapy, and i cant do 5.

one is hard enouhg

YES EXCELLENT I LIKE IT, obvious supply!!!!! right there, and it moved like a anchor dropped in the deep ocean. I just love it when other ppl see the absolute obvious.
  • #394
  • Sep 24, 2011 11:57am Sep 24, 2011 11:57am
Quoting deankenny21
heres a little something for you while markets are closed, like i did with that chart a min ago, just open a few charts, and look how supply and demand has moved the market, then look where a move reversed look to the left and notice the demand or supply zone, and how it reacted previously at that zone, will be a nice eye opener
right now, market is gathering or accumulating the momentum for the next possible move. its accumulating the necessary momentum for the next bang. Like a battery charging before it can be used.

im putting sup/dem on smaller tf's for now for ranging scalps.
Attached Image (click to enlarge)
Click to Enlarge Name: range.gif Size: 21 KB
Have I got something on my face, SOLDIER?
  • #395
  • Sep 24, 2011 11:59am Sep 24, 2011 11:59am
Quoting bumapatria
right now, market is gathering or accumulating the momentum for the next possible move. its accumulating the necessary momentum for the next bang. Like a battery charging before it can be used.

im putting sup/dem on smaller tf's for now for ranging scalps.
easy easy easy, look at the supply, touched right on the money, did you short it there?
  • #396
  • Sep 24, 2011 12:02pm Sep 24, 2011 12:02pm
Quoting deankenny21
easy easy easy, look at the supply, touched right on the money, did you short it there?
of course man, but closed because nearing off-market hours.

the exxperts advised me that gap trading is not best choice. Unexpected happens always.

caught nice 50 pips from that little no brainer.
Have I got something on my face, SOLDIER?
  • #397
  • Sep 24, 2011 12:05pm Sep 24, 2011 12:05pm
Quoting bumapatria
of course man, but closed because nearing off-market hours.

the exxperts advised me that gap trading is not best choice. Unexpected happens always.

caught nice 50 pips from that little no brainer.
yeh i dont use gaps to trade, i only use them as an indication for when im in trade, and more confidence etc

Yes in the live room we had some cracking trades on the eur usd. Pip26 also started trading GBPUSD on his own, after less that one day watching me trade he walked away by himself and made over 100 pips the next day on his own
  • #398
  • Sep 24, 2011 12:08pm Sep 24, 2011 12:08pm
Quoting deankenny21
yeh i dont use gaps to trade, i only use them as an indication for when im in trade, and more confidence etc

Yes in the live room we had some cracking trades on the eur usd. Pip26 also started trading GBPUSD on his own, after less that one day watching me trade he walked away by himself and made over 100 pips the next day on his own
good for you friend!

I cant wait to pop the brain of the person under me.
wonder if he even gets me, after all the teaching I recieved. hahaha, the mentee im teaching probably will kill the markets. I honestly think i will kill the markets at 20-24. I will slaughter the markets at 30. so long as my brain cells dont die from the pressure.

Kill and slaughter are just expressions.
Have I got something on my face, SOLDIER?
  • #399
  • Sep 24, 2011 12:21pm Sep 24, 2011 12:21pm
funny how different traders see things different lol

i studied, s/d, s/r, B/B strategies and the like, and to me, i think, with no disrespect supply and demand is a little misleading

every tick is different than the last or the next, participant are buying or selling orders being match electronically.

what my brain sees is volatility range.

to each its own, the supply areas, are extreme deviations from the mean, and it takes more conviction from market participants to continue consuming the liquidity at that level aka supply or resistance but the problem i found is that one EXPECTS a bounce.

but i have a feeling you will be a great trader, because what you quoted from me is very important, if you learn nothing else learn and act on that quote.
AVT INVENIAM VIAM AVT FACIAM
  • #400
  • Sep 24, 2011 12:25pm Sep 24, 2011 12:25pm
@Redlion,

when i dont get something, i dont leave it lol.

So is this what you mean by volatility? something like this?

i get the definition of a word such as volatility, but theres always something beneath the surface. and judging from the last ten to twenty what posts, you're good at doing that

this is some random ATR channels indicator i found somewhere, and looks like b bands but dont seem quite similar... i think it has something to do with volatility.

any light on the topic red? not that i want to use the indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: vol.gif Size: 26 KB
Have I got something on my face, SOLDIER?
1 trader viewing now