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14 Year Old Forex Trader's Lessons

  • #401
  • Sep 24, 2011 12:27pm Sep 24, 2011 12:27pm
Quoting the redlion
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...
i also studied supply and demand, then i quit after it not being correct or misleading, not long ago i subscribed to an orderbook with feeds from all luqidity providers, and not going much into it, i saw something amazingly interesting, that orders at certain levels were increasing and increasing at certain levels while price was still far away, and when price touched the level it moved and there were orders still left over unfilled!! so i went back to supply and demand and low and behold it all click into place and become so obvious, how do you think they traded in 80's without charts, they used supply and demand from the market price, now we can see this on a chart, thats all you need.

Alot of people who entered my live room tried supply and demand before in their trading past and quit very sharpish, now alot of them after watching me on my charts, have seen that before they were trying to hard, and its the obvious that quite simply is the "OBVIOUS"
  • #402
  • Sep 24, 2011 12:35pm Sep 24, 2011 12:35pm
Quoting bumapatria
@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.

no that chart puts opinion in my head lol, i cant see clearly.

i think you are doing fine with supply and demand, which i still maintain is another way of looking at extremes in deviation. lol i just pointed out funny how different people look at it.

deankenny 21 i agree with you in a way i just have my own ideas lol, but one needs to understand not only the macrostructure of the market but the microstructure of the markets to understand thing in a deeper level.
electronic order matching
trader sentiment and the sort, that is why i ask buma to research
AVT INVENIAM VIAM AVT FACIAM
  • #403
  • Sep 24, 2011 12:37pm Sep 24, 2011 12:37pm
Quoting the redlion
no that chart puts opinion in my head lol, i cant see clearly.

i think you are doing fine with supply and demand, which i still maintain is another way of looking at extremes in deviation. lol i just pointed out funny how different people look at it.

deankenny 21 i agree with you in a way i just have my own ideas lol, but one needs to understand the only the macrostructure of the market but the microstructure of the markets to understand thing in a deeper level.
electronic order matching
trader sentiment and the sort, that is why i ask buma to...

i see where your coming from. In your eyes i suppose the way supply and demand can be looked at for you is

Supply : is an area where not so much there are lots of sell orders BUT is an area where supply will become very popular and outdo demand, vice versa for demand.
  • #404
  • Sep 24, 2011 12:43pm Sep 24, 2011 12:43pm
Quoting the redlion
no that chart puts opinion in my head lol, i cant see clearly.

i think you are doing fine with supply and demand, which i still maintain is another way of looking at extremes in deviation. lol i just pointed out funny how different people look at it.

deankenny 21 i agree with you in a way i just have my own ideas lol, but one needs to understand not only the macrostructure of the market but the microstructure of the markets to understand thing in a deeper level.
electronic order matching
trader sentiment and the sort, that is why i ask buma to...

oh okay. What i really want and try to understand is where brokers, institutions, firms, etc, put their limit orders, because i know they would use limits, not stop orders. supdem has done that well, but some how not well enough. supdem has done me well in a ranging market, and almost pinpoint entries. What i really suck at doing is entering an already established trend. I usually and wrongly enter at a LOW in a bearish trend, and get killed that way in trending markets. I do well in counter trends, reversals, but in a simple trending markets, i need something that would help me. Ichimoku. Trending market it seems well for now, counter trends, supdem amazingly well as well.
Have I got something on my face, SOLDIER?
  • #405
  • Sep 24, 2011 12:45pm Sep 24, 2011 12:45pm
Quoting bumapatria
oh okay. What i really want and try to understand is where brokers, institutions, firms, etc, put their limit orders, because i know they would use limits, not stop orders. supdem has done that well, but some how not well enough. supdem has done me well in a ranging market, and almost pinpoint entries. What i really [size=5]suck [size=2]at doing is entering an already established trend. I usually and wrongly enter at a LOW in a bearish trend, and get killed that way in trending markets. I do well in counter trends, reversals, but in a simple...
ha, we would all want to know where the banks and institutions put their orders, if this information was easy to grab we would all be millionaires fast!! So supply and demand is the closest your going to get to it, especially on a daily timeframe.
  • #406
  • Sep 24, 2011 12:49pm Sep 24, 2011 12:49pm
Quoting deankenny21
ha, we would all want to know where the banks and institutions put their orders, if this information was easy to grab we would all be millionaires fast!! So supply and demand is the closest your going to get to it, especially on a daily timeframe.
hahah of course. dude, you sure that quote on the MOST PROFITABLE SYSTEM is not going to make you a commercial member? that would suck. this thread's got the nice people with it. High advisors: Redlion, Vice Advisor: Goldman, SuPdEM Executives: Goldman, Deankenny 21,
High Science/High Philosophical/High Level Thinking Executive: redlion.

Entertainment, Motivation Executives: Tedge UK, Poundtrader, Sailorman

perfect thread for me

last but not least student: Bumapatria
Have I got something on my face, SOLDIER?
  • #407
  • Sep 24, 2011 12:50pm Sep 24, 2011 12:50pm
Quoting deankenny21
i see where your coming from. In your eyes i suppose the way supply and demand can be looked at for you is

Supply : is an area where not so much there are lots of sell orders BUT is an area where supply will become very popular and outdo demand, vice versa for demand.
lets put it this way.

there is an area, or price level or whatever you want to call it, where people are no longer confident in executing a certain type of order.

on demand zone for example, for every seller there must be a buyer.

so there is 50 orders on the bid and 100 on the ask, the market maker will take the orders and match them moving price to next level in search for liquidity, moving the quotes up.

and as participants see this, they continue to hit the dealer on the ASK till we arrive at an area where there are More BID orders as these orders are matched we begin to see a fall in price.

hence why candles get smaller as they get further away from point of inflection and accelerate upwards, the order prevalence begins to diminish, then on search for liquidity Electronic order matching will move the quotes the other way till a corrective wave comes and so forth.

now step back and identify areas of Supply and Demand/ extremes in volatility. now you have a normal price variation range that you can use to trade, and as long as there is no change in sentiment or order prevalence these levels will hold up.
AVT INVENIAM VIAM AVT FACIAM
  • #408
  • Sep 24, 2011 12:51pm Sep 24, 2011 12:51pm
Quoting bumapatria
hahah of course. dude, you sure that quote on the MOST PROFITABLE SYSTEM is not going to make you a commercial member? that would suck. this thread's got the nice people with it. High advisors: Redlion, Vice Advisor: Goldman, SuPdEM Executives: Goldman, Deankenny 21,
High Science/High Philosophical/High Level Thinking Executive: redlion.

Entertainment, Motivation Executives: Tedge UK, Poundtrader, Sailorman

perfect thread for me

last but not least student: Bumapatria
Commercial member?

i know theres a commercial thread, but not sure about the commercial member thing. I can only talk in my own experience too. I love the method i use, its just so easy and works time and time again, 22 wins in a row to be precise at the moment, and thats just the room not the trading i did using the method beforehand.
  • #409
  • Sep 24, 2011 12:52pm Sep 24, 2011 12:52pm
Quoting the redlion
lets put it this way.

there is an area, or price level or whatever you want to call it, where people are no longer confident in executing a certain type of order.

on demand zone for example, for every seller there must be a buyer.

so there is 50 orders on the bid and only 100 on the ask, the market maker will take the orders and match them moving price to next level in search for liquidity, moving the quotes up.

and as participants see this, they continue to hit the dealer on the ASK till we arrive at an area where there are More BID orders...

thats the job of the high advisor. deeper truth analysis


oh redlion whats inflection? Correction? Turning point? is there an easier word for that.

btw good definition on the first few lines.
Have I got something on my face, SOLDIER?
  • #410
  • Sep 24, 2011 12:54pm Sep 24, 2011 12:54pm
Quoting deankenny21
Commercial member?

i know theres a commercial thread, but not sure about the commercial member thing. I can only talk in my own experience too. I love the method i use, its just so easy and works time and time again, 22 wins in a row to be precise at the moment, and thats just the room not the trading i did using the method beforehand.

oh yes dean, theres the dread commercial member status. Thats when members can only post in the commercial forum. its sad look at doctortyby. ask our favorite sailorman and redlion about it.

funny story.
Have I got something on my face, SOLDIER?
  • #411
  • Sep 24, 2011 1:01pm Sep 24, 2011 1:01pm
Quoting bumapatria
oh yes dean, theres the dread commercial member status. Thats when members can only post in the commercial forum. its sad look at doctortyby. ask our favorite sailorman and redlion about it.

funny story.
but im not selling anything lol
  • #412
  • Sep 24, 2011 1:08pm Sep 24, 2011 1:08pm
Quoting deankenny21
but im not selling anything lol
hahahah ok, just a precaution.

coz the doctor wasnt sellign anything as well.



i think...

anyways where's red's response?
Have I got something on my face, SOLDIER?
  • #413
  • Sep 24, 2011 1:10pm Sep 24, 2011 1:10pm
Quoting bumapatria
hahahah ok, just a precaution.

coz the doctor wasnt sellign anything as well.



i think...

anyways where's red's response?
do u know how much ppl pay for Sam Seidens academy to get to the level im at with supply and demand trading.
  • #414
  • Sep 24, 2011 1:13pm Sep 24, 2011 1:13pm
Quoting deankenny21
do u know how much ppl pay for Sam Seidens academy to get to the level im at with supply and demand trading.
do you know how much i should be charging for my free advise

maybe i should keep thing to myself and write a book
AVT INVENIAM VIAM AVT FACIAM
  • #415
  • Sep 24, 2011 1:15pm Sep 24, 2011 1:15pm
Quoting deankenny21
do u know how much ppl pay for Sam Seidens academy to get to the level im at with supply and demand trading.
i honestly dont know/

i heard theres gonna be one open in my country soon.

not that im interested.

how much?
Have I got something on my face, SOLDIER?
  • #416
  • Sep 24, 2011 1:17pm Sep 24, 2011 1:17pm
Quoting bumapatria
i honestly dont know/

i heard theres gonna be one open in my country soon.

not that im interested.

how much?
10s of thousands of dollars, the last course i enquired about in london was £9,995 and thats in pounds
  • #417
  • Sep 24, 2011 1:19pm Sep 24, 2011 1:19pm
Quoting the redlion
do you know how much i should be charging for my free advise

maybe i should keep thing to myself and write a book
hhahhahahaha, not funny.

do that once you're done with me.

you write, ill be your marketer. i have done good in affiliate marketing, but gave up.

not going to give up forex.
Have I got something on my face, SOLDIER?
  • #418
  • Sep 24, 2011 1:20pm Sep 24, 2011 1:20pm
Quoting bumapatria
hhahhahahaha, not funny.

do that once you're done with me.

you write, ill be your marketer. i have done good in affiliate marketing, but gave up.

not going to give up forex.
ha affiliate marketing, i think we all been down that path at one point, clickbank and all that, o the days, very sentimental lol
  • #419
  • Sep 24, 2011 1:45pm Sep 24, 2011 1:45pm
Boy, you want to bite too big pieces from apple that is still too big for you. Cloggie said that there is a lot that you need to learn about yourself. Right now your trying to walk when you don't even know how to stand yet. In my eyes you still rush around and haven’t worked with yourself enough. Trading is a philosophy, it is mind game and that’s why it is important how you think, forget those moving averages, S&D and ichimoku kinko hyos. Redlion showd you how deep this thing actually goes, but your not ready to digest it fully, take it easy pal, you don’t even understand the basics yet. I hope you see where i’m going with that..
I told you long time ago that you should clean your chart from indicators but still you use them (ichimoku kinko hyo). Maybe your just not ready for that yet, maybe i’m pushing you too much also....
  • #420
  • Sep 24, 2011 1:47pm Sep 24, 2011 1:47pm
Quoting GoldMan.
Boy, you want to bite too big pieces from apple that is still too big for you. Cloggie said that there is a lot that you need to learn about yourself. Right now your trying to walk when you don't even know how to stand yet. In my eyes you still rush around and haven’t worked with yourself enough. Trading is a philosophy, it is mind game and that’s why it is important how you think, forget those moving averages, S&D and ichimoku kinko hyos. Redlion showd you how deep this thing actually goes, but your not ready to digest it fully, take it easy pal,...
I must agree with Goldman here, i was the first to tell you to remove indicators, and was a little disapointed to see them still on the charts you posted. But like me, you will learn better from experiencing the mistakes yourself.
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