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14 Year Old Forex Trader's Lessons

  • #421
  • Sep 24, 2011 2:01pm Sep 24, 2011 2:01pm
I have a naked chart next to my s/d ichimoku charts.

Every time i trade i try to see how this matches with this. WHY buyers BUY here and there. WHY sellers SELL here and there. I try to make sense of it goldman.

i cant go to naked trading without anything. i have one naked chart, and i really, really, had one full day of just looking at it. no trading, nothing. god it was boring. just seeing price flucuate here and there. i am trying to understand.

same concept: how you expect me to walk if i can barely stand?

i cant just understand how naked charts and the whole philosophy behind trading works with no help. And no, those ind's concepts, sd, sr arent enslaving me. I enslave them. I choose when they work, how they work, and when they should stop working. Im against slavery btw.

I just still need some time.

Deeper meanings of why things happen is a different story. or how. Thats the real deep thing. Really, why do people sell at suppy, buy at demand? im sure it aint at all that simple..

this is what i want, and give it to me.. DEEPER MEANING.
Have I got something on my face, SOLDIER?
  • #422
  • Sep 24, 2011 2:09pm Sep 24, 2011 2:09pm
Here goldman: try to explain these sttuff to me. redlion's on vacation for a while.
WHy do these things happen? How is a little simpler. but WHY?

its...mind boggling. We know what they are, but WHY do they happen?why is always the stronger question.

refer to chart

forget the hows. try to help me understand the why's.
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Have I got something on my face, SOLDIER?
  • #423
  • Sep 24, 2011 2:16pm Sep 24, 2011 2:16pm
ok, im not asking for this: market moves down because of sellers.
I need something better than that. way bettter than that. From red's posts he tells us the HOW market moves in certain direction. That alone is useful. But Why the f@$# does it move that way?

here Gold, a supply thats a perfect sell. The how the market move down from supply is because of loss of bullish momentum, price now accumulating or gathering the necessary momentum for move down, gathering acceleration.

thats the how. BUT WHY?!

oh god ima die if i dont know why.
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Have I got something on my face, SOLDIER?
  • #424
  • Sep 24, 2011 2:22pm Sep 24, 2011 2:22pm



i have told you why

FUNDAMENTAL ANALYSIS that is why players take positions.

Technical analysis is HOW players take those positions.

exactly why each player does, i have no clue, go read some news kid

do you know that the IMF is planning to bail out europe and the BRIC countries pledge assistance,

lets see HOW the market takes this on monday watch your chart for HOW
watch the news for WHY

i told you FA and TA is one and the same
AVT INVENIAM VIAM AVT FACIAM
  • #425
  • Sep 24, 2011 2:23pm Sep 24, 2011 2:23pm
dont confuse why and how. two different meanings. heres the ichimoku chart with same reference to naked chart.

I mean, theres must be a logic scientific explanation to WHY that happened. Not how, but why.
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Have I got something on my face, SOLDIER?
  • #426
  • Sep 24, 2011 2:25pm Sep 24, 2011 2:25pm
Quoting the redlion



i have told you why

FUNDAMENTAL ANALYSIS that is why players take positions.

Technical analysis is HOW players take those positions.

exactly why each player does, i have no clue, go read some news kid

do you know that the IMF is planning to bail out europe and the BRIC countries pledge assistance,

lets see HOW the market takes this on monday watch your chart for HOW
watch the news for WHY

i told you FA and TA is one and the same

Thanks. Sometimes loooong posts dont make all its ideas into my head. Thanks for this. i read bloomberg.com every time i trade, and have my tv on bloomberg, which upsets my bro watching discovery science.


Ok. Now it makes COMPLETE sense. Why is FA, how is TA.

Thanks red, wouldve given you a million vouchers for that.


ADD: we are typing and posting at different speeds. This is response to before the ichi chart. the ichi chart post was another addition to goldman, but you posted before ichi chart, but i diddnt see it till now.

hhahaa, dont be confused red and gold.
Have I got something on my face, SOLDIER?
  • #427
  • Sep 24, 2011 2:28pm Sep 24, 2011 2:28pm
Quoting bumapatria
Here goldman: try to explain these sttuff to me. redlion's on vacation for a while.
WHy do these things happen? How is a little simpler. but WHY?

its...mind boggling. We know what they are, but WHY do they happen?why is always the stronger question.

refer to chart

forget the hows. try to help me understand the why's.
I just don't want to give you answers, think. Can you assume the answer for it? I still see that your over thinking.
Have you tried to look 1M chart next to 1H chart? Have you ever compared 1H candle with 1M candle and mesured the 1H candle strenght with 1M candles?
Don't expect clean answers from me, this forum is full of answers to your questions that your still seeking. Take time.
I'm going, will be back tomorrow.
  • #428
  • Sep 24, 2011 2:30pm Sep 24, 2011 2:30pm
In my oppinion that h&s accured because of the trendline , it was broken and resistance became support , but not for long , later it broke the new support trendline and it became resistance again . Hs appeared because uptrend lost it strenght and its a good signal to short . It also involves fib if you look at shorter time frame .
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  • #429
  • Sep 24, 2011 2:38pm Sep 24, 2011 2:38pm
k goldman, have nice rest.

ok so red, is this the why a h1 candle is bearish comparing to a m5 chart?

the last rectangle on m5, and the rectangle on h1 shows the candles im referring to.

So first m5 starts bullish then makes a high therefore making a high on the h1, and then closes below the h1 open therefore making the h1 candle bearish.

am i right?



i hope we all arent typing at diffferent speeds again making some confusion.
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  • #430
  • Sep 24, 2011 2:39pm Sep 24, 2011 2:39pm
hey kiddo, as always Goldman has really sound judgement.

i threw a lot at you, and some went over your head.
digest everything that we all have posted here, i'll be back to check on you next month
AVT INVENIAM VIAM AVT FACIAM
  • #431
  • Sep 24, 2011 2:40pm Sep 24, 2011 2:40pm
Quoting LeanLowFx
In my oppinion that h&s accured because of the trendline , it was broken and resistance became support , but not for long , later it broke the new support trendline and it became resistance again . Hs appeared because uptrend lost it strenght and its a good signal to short . It also involves fib if you look at shorter time frame .
hi leanlow fx, glad to have a new member on this thread!

Ever wonder how fibo numbers work on real life? me too.

Know why? me neither.

I would love to ressurect leo fibonacci and ask him. need italian translator though.

Its all life. They're all connected together. Its a neverending chain of events and connections. Its the same, but its different at the same time - redlion.
Have I got something on my face, SOLDIER?
  • #432
  • Sep 24, 2011 2:43pm Sep 24, 2011 2:43pm
lol k kiddo one last reply.



learn how candles are made i showed you 3 time frames. the trick here is the reference point. the open of the candle, candles are indicators, the price is the quotes.

candles measure price movement chopped into x amount of time, not all candles look the same on all platforms, on one it could be a hammer or the other a bearish candle.

plot your daily open and see how you hourly trades in reference to it, to see the bigger picture as it forms infront of you.

plot the hourly open on your five minute TF and you will see for yourself how the hourly candle was made to look that way.

always know where you stand in reference to the daily, whether you are scalping, or swing trading. the market is CONTINUOUS.
AVT INVENIAM VIAM AVT FACIAM
  • #433
  • Sep 24, 2011 2:51pm Sep 24, 2011 2:51pm
K red, i just wanna say thanks. till then my friend!

Goldman, you're in charge now.

here is what i learnt, and my response to them.

Now im studying the laws of motion:

Newton's first law of motion: an object at rest tends to remain at rest and an object in motion tends to continue to be in motion, unless of course acted upon by an outside force.

Response: makes total sense. Buying pressure will continue as buyers continue buying, until countered upon by an outside force that is greater, aka selling force. Objects at rest if there is no market movement, means there is no buyers or sellers! aka there is no market.

Newton's Second Law:acceleration is produced when a force acts on a mass.

Response: another eye opener. the mass in forex being the currency pair, and force being the buyers and sellers. To see a change in trend, reversal or even a trend to start, there must be enough force to do so. Banks, Governments, Institutions, Corps.

Newton's Third Law of Motion: for every single action, there is an opposite and equal reaction.

Response: True enough. Reversals. Retracements. Fibonacci retracements. When you buy, you have to sell someday, and when you sell, you gotta buy someday or sometime; vice versa.
Have I got something on my face, SOLDIER?
  • #434
  • Sep 24, 2011 3:00pm Sep 24, 2011 3:00pm
If you dudes are wondering why im clogging the thread with shit, its because its useful shit lol. And my journal. my thread.

Impulse: The impulse of a force is equal to the change in momentum of a body which a force causes. This is also equal to the magnitude of the force multiplied by the length of time the force is applied.

Response: So basically, impulse is a change in momentum.
Momentum: The momentum of a body is equal to its mass multiplied by its velocity.Momentum is a conserved quantity.Momentum is a vector quantity, possessing a direction as well as a magnitude.
Response: So if nothing reacts to momentum, it would stay linear, in a line. If nothing reacts to a bullish force, then it would stay bullish. Having direction: bullish or bearish. Magnitude, how powerful the move is, how harsh, aggresive, weak strong.


this is all part of my journal i can refer to.
Have I got something on my face, SOLDIER?
  • #435
  • Sep 24, 2011 3:04pm Sep 24, 2011 3:04pm
Acceleration: the rate of change of velocity with time. he term acceleration is used for an increase in speed, and decelaration is used for decrease in speed.

Response: Price accelerates in rallies, and panic buys and sells. Can be used in comparison with momentum, but not the same.

Magnitude: The magnitude of a mathmetical object is its size.

Response: Volumes. Bigger candles mean larger magnitude smaller ones mean smaller magnitude. Can be used with acceleration and momentum as well, but not the same.
Have I got something on my face, SOLDIER?
  • #436
  • Sep 24, 2011 3:05pm Sep 24, 2011 3:05pm
Quoting bumapatria
If you dudes are wondering why im clogging the thread with shit, its because its useful shit lol. And my journal. my thread.

Impulse: The impulse of a force is equal to the change in momentum of a body which a force causes. This is also equal to the magnitude of the force multiplied by the length of time the force is applied.

Response: So basically, impulse is a change in momentum.
Momentum: [i]The momentum of a body is equal to its mass multiplied by its velocity.Momentum is a conserved quantity.Momentum is...
Nice work Buma but a bit heavy going pal
  • #437
  • Sep 24, 2011 3:13pm Sep 24, 2011 3:13pm
im afraid i cant read this thread no more, you posted a chart and asked why

supply and demand was perfect for everything on that chart, then someone came in and mentioned support and resistence, broken not broken blah blah, if you look at the pure and simple you will see why its broken not only that you can TRADE IT BEFORE IT BROKE

support and resistence is a ugly unwanted daughter of the GOD THAT IS SUPPLY AND DEMAND
  • #438
  • Sep 24, 2011 3:18pm Sep 24, 2011 3:18pm
Quoting deankenny21
im afraid i cant read this thread no more, you posted a chart and asked why

supply and demand was perfect for everything on that chart, then someone came in and mentioned support and resistence, broken not broken blah blah, if you look at the pure and simple you will see why its broken not only that you can TRADE IT BEFORE IT BROKE

support and resistence is a ugly unwanted daughter of the GOD THAT IS SUPPLY AND DEMAND
hahah unwanted daughter.
ok dean, stay in the thread.
im seeing you letting supply demand be your master YOU need to let it be your slave.

see the good posts there mate. red's posts are mind boggling, and good for my head. never really had a mind boggler. school was simple. x+1=2. what is x? 5 i know.

ill show you example of how OUR Slave supply demand, plus science becomes our SLAVE not MASTER>
Have I got something on my face, SOLDIER?
  • #439
  • Sep 24, 2011 3:20pm Sep 24, 2011 3:20pm
Quoting bumapatria
hahah unwanted daughter.
ok dean, stay in the thread.
im seeing you letting supply demand be your master YOU need to let it be your slave.

see the good posts there mate. red's posts are mind boggling, and good for my head. never really had a mind boggler. school was simple. x+1=2. what is x? 5 i know.

ill show you example of how OUR Slave supply demand, plus science becomes our SLAVE not MASTER>
i say the master in my book because i respect my master, and when i respect the master, i recieve respect back in the form of pips, i always respect S and D
  • #440
  • Sep 24, 2011 3:20pm Sep 24, 2011 3:20pm
Quoting Tedge UK
Nice work Buma but a bit heavy going pal
heavy going = heavy results.

how do i expect to 'slaughter' the markets at 25 if i dont heavy go?

im not stressed. When im heavy going, i can be on comp for hours. its 3:20 am my time, and im not a single bit tired.
Have I got something on my face, SOLDIER?
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