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14 Year Old Forex Trader's Lessons

  • #641
  • Sep 26, 2011 3:21am Sep 26, 2011 3:21am
Quoting mla
I see, looks like she stalled at the moment.

On my 5 tf she broke the bearish TL, and I may look at a pull back towards
the brokenTL or to form a higher low around that area to get in.

mla
sorry, wrong pic.

mla
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 153 KB
"The Heart is the hub of all dances; go there and chill out"
  • #642
  • Sep 26, 2011 3:44am Sep 26, 2011 3:44am
Quoting PipTrapper
One thing to keep in mind now, even though I am very bearish and expecting the eur/usd to hit the 1.28/1.29 level by next week, we need to be very cautious if price breaks the low of 1.3383 as it still has to come back to test the H1 144ema or channel resistance around 1.3650/80 area.

It may not happen till later in the week but I believe it will happen before it heads down. There is major support all over that 1.3380 level. I suspect there is lots of demand there.

If you are scalping, use caution. This is why I am not buying anything and I...
I am also expecting a retest of the top of this channel. You have 3650-80. I have the 3728 as a major major significant area. I believe for a multitude of reasons we will see the 3728 tested before Thursday.... and i expect that level to smack the EU down to the low 1.30's/ high 1.20's by next week
  • #643
  • Sep 26, 2011 3:47am Sep 26, 2011 3:47am
Quoting mla
sorry, wrong pic.

mla
Price still has to come back down to falling TL support to bounce back up and beyond up to 1.3495.
That is provided some stupid news doesn't screw it up.
Those who say it cannot be done should not interrupt those who are doing it
  • #644
  • Sep 26, 2011 3:51am Sep 26, 2011 3:51am
Quoting PipTrapper
Price still has to come back down to falling TL support to bounce back up and beyond up to 1.3495.
That is provided some stupid news doesn't screw it up.
I'm thinking of scrapping that call. Doesn't look good for a pullback to support. This sucker is going to keep going up.
Those who say it cannot be done should not interrupt those who are doing it
  • #645
  • Sep 26, 2011 3:59am Sep 26, 2011 3:59am
She is slowly creeping up, sometimes that indicates strength were the big guys
do not want to buy big because they want buy cheep..

mla
"The Heart is the hub of all dances; go there and chill out"
  • #646
  • Sep 26, 2011 4:23am Sep 26, 2011 4:23am
If I suddenly go offline it's because I've lost electricity and Internet as we are currently experiencing a monsoon type rainstorm. In the last 10 minutes we had got at least 2 inches of rain and its still coming down hard.
Those who say it cannot be done should not interrupt those who are doing it
  • #647
  • Sep 26, 2011 4:26am Sep 26, 2011 4:26am
Quoting PipTrapper
If I suddenly go offline it's because I've lost electricity and Internet as we are currently experiencing a monsoon type rainstorm. In the last 10 minutes we had got at least 2 inches of rain and its still coming down hard.
Keep safe, mate.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #648
  • Sep 26, 2011 4:34am Sep 26, 2011 4:34am
ECB's Mersch Rejects Talk Of Imminent Rate Cut - Report

That's why the EZ will never get it together. They cannot agree on anything.
Earlier today ECB's Nowotny says ECB interest rate cuts cannot be excluded
Those who say it cannot be done should not interrupt those who are doing it
  • #649
  • Sep 26, 2011 4:34am Sep 26, 2011 4:34am
Quoting mla
Keep safe, mate.

mla
Thanks. So far still hanging on
Those who say it cannot be done should not interrupt those who are doing it
  • #650
  • Sep 26, 2011 4:37am Sep 26, 2011 4:37am
Quoting PipTrapper
I'm thinking of scrapping that call. Doesn't look good for a pullback to support. This sucker is going to keep going up.
thats beacuse the demand was taking over, support is not reliable. as buyers lie within an area not on a single line.
  • #651
  • Sep 26, 2011 5:35am Sep 26, 2011 5:35am
Quoting deankenny21
thats beacuse the demand was taking over, support is not reliable. as buyers lie within an area not on a single line.
Very true... and I'm still trying to get my head around that. Old habits die hard. LOL
Those who say it cannot be done should not interrupt those who are doing it
  • #652
  • Sep 26, 2011 5:41am Sep 26, 2011 5:41am
Quoting PipTrapper
Very true... and I'm still trying to get my head around that. Old habits die hard. LOL
It's getting very boring. This morning was fun.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #653
  • Sep 26, 2011 5:48am Sep 26, 2011 5:48am
Quoting mla
It's getting very boring. This morning was fun.

mla
We'll have to wait for New York open now. Maybe something will happen then but only because it is better than nothing because there is really nothing driving the market right now other than more bad news from Europe which is already priced in.
Those who say it cannot be done should not interrupt those who are doing it
  • #654
  • Sep 26, 2011 5:49am Sep 26, 2011 5:49am
Quoting PipTrapper
We'll have to wait for New York open now. Maybe something will happen then but only because it is better than nothing because there is really nothing driving the market right now other than more bad news from Europe which is already priced in.
ahh.. just woke up from a long nap.
Have I got something on my face, SOLDIER?
  • #655
  • Sep 26, 2011 5:52am Sep 26, 2011 5:52am
nice to wake up from a nice conservative win. Despite going against by only shorting i looked for a nice scalping long.
the price labels showed where i enter and where i exited.

Why I entered: Bullish divergence showing many signals in different timeframes

Why I exited: I am aware of the risk that the US open can drag it all down.
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.gif Size: 16 KB
Have I got something on my face, SOLDIER?
  • #656
  • Sep 26, 2011 5:55am Sep 26, 2011 5:55am
Quoting PipTrapper
We'll have to wait for New York open now. Maybe something will happen then but only because it is better than nothing because there is really nothing driving the market right now other than more bad news from Europe which is already priced in.
Huum...She just reached the high extreme, something could happen here.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #657
  • Sep 26, 2011 5:56am Sep 26, 2011 5:56am
Quoting deankenny21
thats beacuse the demand was taking over, support is not reliable. as buyers lie within an area not on a single line.
dean

dont mess with him or even say support or resis.. AHHH Hhe's comming!!
Have I got something on my face, SOLDIER?
  • #658
  • Sep 26, 2011 6:00am Sep 26, 2011 6:00am
Quoting bumapatria
ahh.. just woke up from a long nap.
my brother's sick, am sick too..
it's funny, we're always sick together,
i live with my brother, it's kinda disaster if we two get sick..

i have to look after my bro and myself

*sorry buma, i cant study today, cant concentrate..*

happy trading
Valar Dohaeris
  • #659
  • Sep 26, 2011 6:02am Sep 26, 2011 6:02am
Quoting Srikandi
my brother's sick, am sick too..
it's funny, we're always sick together,
i live with my brother, it's kinda disaster if we two get sick..

i have to look after my bro and myself

*sorry buma, i cant study today, cant concentrate..*

happy trading
oh... i hope you two get better soon
good luck,

thanks,
just get better
Have I got something on my face, SOLDIER?
  • #660
  • Sep 26, 2011 6:03am Sep 26, 2011 6:03am
this is now that bullish wave my whole surgery was about.
Have I got something on my face, SOLDIER?
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