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14 Year Old Forex Trader's Lessons

  • #681
  • Sep 26, 2011 7:37am Sep 26, 2011 7:37am
Quoting mla
a bit of indecision there

mla
doji everywhere.
Have I got something on my face, SOLDIER?
  • #682
  • Sep 26, 2011 7:37am Sep 26, 2011 7:37am
Okay so it looks like we have finally made it to our target of 1.3495.
Now we are targeting our next resistance (supply) level at 1.3585
It failed to make it that far several times on Friday. Will it make it this time.
If it does, we will next target our ultimate 1.3680/90 area which represents the falling channel resistance.
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #683
  • Sep 26, 2011 7:42am Sep 26, 2011 7:42am
indecision on all majors. im seeing dojis everywhere.

the supply level im trying to hunt.
Attached Image (click to enlarge)
Click to Enlarge Name: supply.gif Size: 28 KB
Have I got something on my face, SOLDIER?
  • #684
  • Sep 26, 2011 7:43am Sep 26, 2011 7:43am
She may be forming a bull reversal flag with the pin bar.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #685
  • Sep 26, 2011 7:44am Sep 26, 2011 7:44am
falling wedge.

does anyone have a USDX chart with some predictions/analysis?
Have I got something on my face, SOLDIER?
  • #686
  • Sep 26, 2011 7:47am Sep 26, 2011 7:47am
Quoting bumapatria
falling wedge.

does anyone have a USDX chart with some predictions/analysis?
Just focus on the bars, now she just reached the broken trendline of the pullback.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #687
  • Sep 26, 2011 7:50am Sep 26, 2011 7:50am
Quoting bumapatria
doji everywhere.
If all of you are scalping the M1 and M5 TFs, my posts won't be much good to you for entries and exits as all I am doing is following the H1 and H4 charts but using the M5 for sup/res (sup/Dem) regions in order to gauge the steps to where I want to take my short position.
I don't scalp. I've never been very good at it, don't have the patience and cannot think on such a micro level. I only see the bigger picture.

However, you can at least get an idea of my directional bias.
Those who say it cannot be done should not interrupt those who are doing it
  • #688
  • Sep 26, 2011 7:50am Sep 26, 2011 7:50am
TL Bounce that seems probable by now.
Attached Image (click to enlarge)
Click to Enlarge Name: tl.gif Size: 27 KB
Have I got something on my face, SOLDIER?
  • #689
  • Sep 26, 2011 7:53am Sep 26, 2011 7:53am
goldman can you post a chart with a supply level on more further targets? Perhaps on a 4 hourly?

i dont feel comfortable putting wide supply zones

thanks
Have I got something on my face, SOLDIER?
  • #690
  • Sep 26, 2011 7:55am Sep 26, 2011 7:55am
Quoting PipTrapper
If all of you are scalping the M1 and M5 TFs, my posts won't be much good to you for entries and exits as all I am doing is following the H1 and H4 charts but using the M5 for sup/res (sup/Dem) regions in order to gauge the steps to where I want to take my short position.
I don't scalp. I've never been very good at it, don't have the patience and cannot think on such a macro level. I only see the bigger picture.

However, you can at least get an idea of my directional bias.
Your post are good for us, is not the method, is the substance that counts.
Myself I mostly trade intraday and I only use one set up for scalping that you can see in my early post today, have a look at it, it may interest you.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #691
  • Sep 26, 2011 7:56am Sep 26, 2011 7:56am
Quoting bumapatria
TL Bounce that seems probable by now.
Boy, what made you to buy from there?

Are you practicing it?:

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 is not actually boring.
  • #692
  • Sep 26, 2011 7:59am Sep 26, 2011 7:59am
Quoting bumapatria
goldman can you post a chart with a supply level on more further targets? Perhaps on a 4 hourly?

i dont feel comfortable putting wide supply zones

thanks
Don't worry you're doing well. Today is a semi risk-on day. You'll hit your target.

Just be careful when NY opens in 30 minutes. Just in case there is a panic sell-off. The Americans don't really understand the euro problems so they panic easily.
Those who say it cannot be done should not interrupt those who are doing it
  • #693
  • Sep 26, 2011 7:59am Sep 26, 2011 7:59am
Quoting PipTrapper
If all of you are scalping the M1 and M5 TFs, my posts won't be much good to you for entries and exits as all I am doing is following the H1 and H4 charts but using the M5 for sup/res (sup/Dem) regions in order to gauge the steps to where I want to take my short position.
I don't scalp. I've never been very good at it, don't have the patience and cannot think on such a micro level. I only see the bigger picture.

However, you can at least get an idea of my directional bias.
same here im not scalping. i dont think a 100+ profit target is scalping .

i look for more worthy targets. I dont think micro/macro level, i honestly cant scalp on m5 and m1's, its hard. I cant position trade either, both need high levels of tolerance. im more on the middle.
Have I got something on my face, SOLDIER?
  • #694
  • Sep 26, 2011 8:00am Sep 26, 2011 8:00am
Quoting GoldMan.
Boy, what made you to buy from there?

Are you practicing it?:
what made me buy?

Neurosurgery.

did you see my analysis?

not my predictions

ADD: im getting feeling that that supply is used up. the one thats used 2wice already
Have I got something on my face, SOLDIER?
  • #695
  • Sep 26, 2011 8:12am Sep 26, 2011 8:12am
I haven't bought yet.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #696
  • Sep 26, 2011 8:13am Sep 26, 2011 8:13am
Quoting mla
I haven't bought yet.

mla
now I am in short

mla
"The Heart is the hub of all dances; go there and chill out"
  • #697
  • Sep 26, 2011 8:15am Sep 26, 2011 8:15am
Quoting mla
now I am in short

mla
In @ 1.3480 with SL 1.3513
"The Heart is the hub of all dances; go there and chill out"
  • #698
  • Sep 26, 2011 8:17am Sep 26, 2011 8:17am
Quoting mla
now I am in short

mla
to minimize loss of my longs, i would short a scalp.
or scalp a short...

i realize that its okay to have a floating loss of 30 when ur looking for 100
Have I got something on my face, SOLDIER?
  • #699
  • Sep 26, 2011 8:24am Sep 26, 2011 8:24am
Quoting bumapatria
to minimize loss of my longs, i would short a scalp.
or scalp a short...

i realize that its okay to have a floating loss of 30 when ur looking for 100
My friend I do not what to say, focus on the candle and be nibble.

This is your skin, learn how to protect it and you will be fine.

Cheers
mla
"The Heart is the hub of all dances; go there and chill out"
  • #700
  • Sep 26, 2011 8:25am Sep 26, 2011 8:25am
Quoting mla
My friend I do not what to say, focus on the candle and be nibble.

This is your skin, learn how to protect it and you will be fine.

Cheers
mla
im not understanding.
Have I got something on my face, SOLDIER?
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