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14 Year Old Forex Trader's Lessons

  • #501
  • Sep 25, 2011 1:27am Sep 25, 2011 1:27am
Quoting bumapatria
@srikandi,

what method/strategies or concepts do YOU trade with. please share to all of us.

Here is master of all sciences, philosophy,: redlion aka executive advisor along with goldman.
True Masters of Sup/DEM: Goldman, DeanKenny21.
Prodigy of Sup/DEM: Bumapatria
Hybrid Trader that trades many concepts; bumapatria. hybrid!!!!
uh oh.. im afraid, im not found it yet.. I am a new trader.. only 5 days
any suggestion for me?
Valar Dohaeris
  • #502
  • Sep 25, 2011 1:27am Sep 25, 2011 1:27am
Quoting bumapatria
WTH MAN! this is the thread's 10 day anniversary, that means OUR 10 days anniversary. See where we were 10 days ago. See where we can be in 2 months. wow... say a year... damn...

stop with the coffin deal! i just said i wanna see you all in person some day!!!

WISHES: all the good health to all of you, all the happiness, all the good trading, stay good in life itself. Know how to live it.
yeh that would be a awesome a FF meet id love that

this would be me anyway if u met me

http://img37.imageshack.us/img37/1305/thfthf.jpg

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and me when i had long hair, about 16 months ago, ha you can see my trade platform on my computer there, ironic. o my what 16 months can do to a aperson.

http://img62.imageshack.us/img62/3194/dscn0037d.jpg

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  • #503
  • Sep 25, 2011 1:28am Sep 25, 2011 1:28am
Attached Image (click to enlarge)
Click to Enlarge Name: you are predicting.png Size: 64 KB



risk reward is B/S. Your risk reward is ALWAYS 1:1 either you are in the money or out of the money.
AVT INVENIAM VIAM AVT FACIAM
  • #504
  • Sep 25, 2011 1:31am Sep 25, 2011 1:31am
@redlion i hope you saw the last chart on h4. thats my trading plan. Orange seems the best trade plan (plan written on macd window).

Assuming i am wrong, i already have that stop order waiting to be triggered for the gap to gain some profits on both ways. Assuming i am wrong, i shouldnt trade, change my probabilities change plan to see what current price action gives. My bulletproof vest is the NOT TRADE and PLAN MORE.

setting stops 10-15 pips away from market price, on both buy stop and sell stop.

easy weekend trading.

please explain the why risk reward is B/s.
im thinking of better entry and whats not. i do agree trading equity markets mean being on right side when order is opened. What i find hard is why r/r is b/s to you. Explain red.
Have I got something on my face, SOLDIER?
  • #505
  • Sep 25, 2011 1:35am Sep 25, 2011 1:35am
@deankenny21.

im seeing possible meet at 25 my age. or 18 once i move out of HS.
thats 4-10 years from now.

see how wed look like.

the thread would lose its name
Have I got something on my face, SOLDIER?
  • #506
  • Sep 25, 2011 1:36am Sep 25, 2011 1:36am
Had nice long nap but bumapatria, do you ever sleep?
  • #507
  • Sep 25, 2011 1:38am Sep 25, 2011 1:38am
Quoting bumapatria
@deankenny21.

im seeing possible meet at 25 my age. or 18 once i move out of HS.
thats 4-10 years from now.

see how wed look like.

the thread would lose its name

good point what happens when you become 15, the thread title will be wrong
  • #508
  • Sep 25, 2011 1:39am Sep 25, 2011 1:39am
Quoting GoldMan.
Had nice long nap but bumapatria, do you ever sleep?
yes.
goldie, youre smart guy.

Time difference?

US time is +13 my time. So now is still 1:38 pm my time.
hahaa
Have I got something on my face, SOLDIER?
  • #509
  • Sep 25, 2011 1:40am Sep 25, 2011 1:40am
Quoting deankenny21
good point what happens when you become 15, the thread title will be wrong
i can change title! ill be like 14--15--16

or.. i completely make this a trading group.

Hmm...cool...


NVM NEXT YEAR.

Sanctum of knowledge.
Have I got something on my face, SOLDIER?
  • #510
  • Sep 25, 2011 1:47am Sep 25, 2011 1:47am
Inserted Video


good laugh.
offmarket hours, i think im done preparing....

heres for those who havent watched the legendaryy

'asdf movie'.
Have I got something on my face, SOLDIER?
  • #511
  • Sep 25, 2011 1:48am Sep 25, 2011 1:48am
@redlion, i will be scalping as m5 and h1 is now ranging market. If any breaks in key psycho levels, i will rethink the trading plan.

Have I got something on my face, SOLDIER?
  • #512
  • Sep 25, 2011 1:56am Sep 25, 2011 1:56am
@redlion.
i forgot that mt4 could be used to type soz.
Attached Image (click to enlarge)
Click to Enlarge Name: dude.gif Size: 32 KB
Have I got something on my face, SOLDIER?
  • #513
  • Sep 25, 2011 2:02am Sep 25, 2011 2:02am
how i dont want to tradde:
Inserted Video


How i want to trade (look at that made chinese guitarist aka british he says))
Inserted Video
Have I got something on my face, SOLDIER?
  • #514
  • Sep 25, 2011 2:08am Sep 25, 2011 2:08am
hello hello hello,

my 1st post here ...
still looking for the best strategy to suit me best..
started with FA n news for spike hunting then TA..
now mix both TA n PA..FA removed!
"professional gambler" it speaks for itself..like ur post man..
learning new thing of trading...
i hope u can keep posting good stuff in future..
  • #515
  • Sep 25, 2011 2:13am Sep 25, 2011 2:13am
Quoting sekambek
hello hello hello,

my 1st post here ...
still looking for the best strategy to suit me best..
started with FA n news for spike hunting then TA..
now mix both TA n PA..FA removed!
"professional gambler" it speaks for itself..like ur post man..
learning new thing of trading...
i hope u can keep posting good stuff in future..
sure man. glad to have newest member! everyone welcome sekambek and sri!

dude i suggest you keep your FA for future price movements. I mean i traded those silly fed comments aka easy to trade so much i didnt need PA analysis, which is bad. I will surely continue to be better, but trust me, everything is here and there. IF we say something is posted, it is posted, go look for it. If something not yet posted, wanna go over, ure welcome to ask.

so how do u trade 'Price action'? how do you do your analysis? not prediction. - redlion. Analysis.
Have I got something on my face, SOLDIER?
  • #516
  • Edited 2:39am Sep 25, 2011 2:23am | Edited 2:39am
S&D zones are areas where you can expect more activity from sellers or buyers but for me more important is trend strenght. For example when you look 1H chart and you see nice bullish candle, now this 1 bullish candle may seem to be strong but it is important to measure it with 5M or 1M candles, they show how strong this 1H bullish candle actually is. Start with this simple thing, then you understand that chart with no indicators is not actually boring.
  • #517
  • Sep 25, 2011 2:36am Sep 25, 2011 2:36am
Quoting GoldMan.
S&D zones are areas where you can expect more activity from sellers or buyers but for me more important is trend strenght. For example when you look 1H chart and you see nice bullish candle, now this 1 bullish candle may seem to be strong but it is important to measure it with 5M or 1M candles, they show how strong this 1H bullish candle actually is. Start with this simple thing, then you understand that chart with no indicators in not actually boring.
goldman is so true. also check red's posts. i dumped the ichimoku when i made the neurosurgery. I learnt that i couldnt have done what i did if i didnt clear my chart. thats why its so important.
Have I got something on my face, SOLDIER?
  • #518
  • Edited 5:35am Sep 25, 2011 5:15am | Edited 5:35am
Quoting the redlion
VAR is value at risk, do you know what this means, to simplify it 5% chance of worse case scenario, how screwed would you be, holding the position you are holding?
Hi red,

Thanks for the amazing posts in this thread! Really makes one think out of the box. I have read VAR chapters in my university and I am a bit glad that it can be used here. The only issue I had is, VAR is a bit too shallow. I mean how do I attach the probability of the worst case outcomes, I think in financial markets it is 50% lol. It can be either this or either that...or is there a way to do so?

Thanks again

added: I have read about threshold few weeks back in my CFA chapters...arghhh and i forgot the concepts lol! I have to dig my books in I believe.

Do you suggest any good E-books to read? I may get it in my university online library.
Trends I Love Finding
  • #519
  • Sep 25, 2011 5:34am Sep 25, 2011 5:34am
This seems to be a nice clean and informative thread.
Looking forward to following it from here on.
Keep up the good work.


Peace
Those who say it cannot be done should not interrupt those who are doing it
  • #520
  • Sep 25, 2011 5:59am Sep 25, 2011 5:59am
Quoting PipTrapper
This seems to be a nice clean and informative thread.
Looking forward to following it from here on.
Keep up the good work.


Peace
Tired of the EU thread huh?

Here's the sanctum of knowledge. The true trade broken down to the deepest levels. catch up to the stuff happening. So you've got supply demand, learn that well, goldman's provided a video link, just search the thread, and the recently joined redlion as well, gave me a lesson how to understand forex. Im still 50% of the way. Continously trying to understand.

To all newcomers, if you have past loves, or past enemies in the eu thread i suggest you dump that, and no fighting here. Healthy, respectful arguing is allowed.

So tell us about yourselves. how do you trade? what is forex to all of you? How do you analyze the market?
Have I got something on my face, SOLDIER?
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