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14 Year Old Forex Trader's Lessons

  • #721
  • Sep 26, 2011 6:50am Sep 26, 2011 6:50am
can i have some advice about averaging in and averaging out?
Have I got something on my face, SOLDIER?
  • #722
  • Sep 26, 2011 6:54am Sep 26, 2011 6:54am
im going to leave now guys
with my tp's and sl's


good night for me,

good morning to US'ers, and around that area
Have I got something on my face, SOLDIER?
  • #723
  • Sep 26, 2011 6:57am Sep 26, 2011 6:57am
Quoting mla
Good one and the other half?

mla
Still open, bear still seems to have some power.
  • #724
  • Sep 26, 2011 6:59am Sep 26, 2011 6:59am
Closed my trades +10 and + 34.

All the Best.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #725
  • Sep 26, 2011 7:01am Sep 26, 2011 7:01am
Quoting GoldMan.
Still open, bear still seems to have some power.
Yes is true. Is midnight in Sydney and I have been working all day, so I am tuning off.

Thank for the ride.
Cheers
mla
"The Heart is the hub of all dances; go there and chill out"
  • #726
  • Sep 26, 2011 7:05am Sep 26, 2011 7:05am
never mind, i might tune in again!

On the daily im seeing a bearish failure to penetrate through the jan-feb demand for 3 days with rejections.
Have I got something on my face, SOLDIER?
  • #727
  • Sep 26, 2011 7:08am Sep 26, 2011 7:08am
Quoting bumapatria
gann line broken...
ah... valid supply for how maany times? 3?

i still see this as ranging though.

that long might'nt be the best..


this might be some bear trap to catch scalpers take the 'big bearish candles' theire seeing.
i might be missing something here but why are you adding to losing positions?
  • #728
  • Sep 26, 2011 7:11am Sep 26, 2011 7:11am
Quoting T Bryant
i might be missing something here but why are you adding to losing positions?
theres always that controversy of only averaging in in a winning position but i view this differently. I honestly believe i am a tad early to go for this shot, my predictions and analysis are clear for me, and im going to hunt this.

Its controversial to do this, i know.

its dangerous i know.
Have I got something on my face, SOLDIER?
  • #729
  • Sep 26, 2011 7:16am Sep 26, 2011 7:16am
Quoting bumapatria
theres always that controversy of only averaging in in a winning position but i view this differently. I honestly believe i am a tad early to go for this shot, my predictions and analysis are clear for me, and im going to hunt this.

Its controversial to do this, i know.

its dangerous i know.
You might want to stand aside for this one buma. The US markets can tailspin alot longer than you can fund your account. Manage your loss, wait for a bounce off support and take your loss.

OOps. Look at the H4 chart. If that bull candle gets engulfed, you're in the danger zone.
Those who say it cannot be done should not interrupt those who are doing it
  • #730
  • Sep 26, 2011 7:20am Sep 26, 2011 7:20am
Quoting PipTrapper
You might want to stand aside for this one buma. The US markets can tailspin alot longer than you can fund your account. Manage your loss, wait for a bounce off support and take your loss.
Exactly, no sense in adding insult to injury
  • #731
  • Sep 26, 2011 7:21am Sep 26, 2011 7:21am
Quoting mla
Yes is true. Is midnight in Sydney and I have been working all day, so I am tuning off.

Thank for the ride.
Cheers
mla
Good trading today mla. Sleep well
Those who say it cannot be done should not interrupt those who are doing it
  • #732
  • Sep 26, 2011 7:21am Sep 26, 2011 7:21am
Quoting PipTrapper
You might want to stand aside for this one buma. The US markets can tailspin alot longer than you can fund your account. Manage your loss, wait for a bounce off support and take your loss.

OOps. Look at the H4 chart. If that bull candle gets engulfed, you're in the danger zone.
..perhaps im getting somewhat complacent. You guys are right. Okay, closing out of positions, see what happens later.

okay, guys.
Have I got something on my face, SOLDIER?
  • #733
  • Sep 26, 2011 7:22am Sep 26, 2011 7:22am
Quoting bumapatria
theres always that controversy of only averaging in in a winning position but i view this differently. I honestly believe i am a tad early to go for this shot, my predictions and analysis are clear for me, and im going to hunt this.

Its controversial to do this, i know.

its dangerous i know.
I'm one of the guys who teached you but you still trade in opposite way. Where i sell ...you buy, no stop loss etc? Come on littel dude
  • #734
  • Sep 26, 2011 7:26am Sep 26, 2011 7:26am
ah shit ure right goldman.

i gotta pickmyself up together. oy.. i was already ready for that supply... but let this be a lesson.


Okay, i need to look over what i did wrong. BuYING at supply (novice buying...) no stop loss, danger to equity, complacent, and disregard for the obvious.

Will need to change that next trade.

ADD: decided to leave them open. My surgery was right imho, and i was early and THAT WAS WRONG. Being early does not make me right. Taking that short at supply wouldve made me right.
Have I got something on my face, SOLDIER?
  • #735
  • Sep 26, 2011 7:28am Sep 26, 2011 7:28am
Quoting GoldMan.
I'm one of the guys who teached you but you still trade in opposite way. Where i sell ...you buy, no stop loss etc? Come on littel dude
just gotta give him time, everyone learns sooner or later... the easy way or the hard way
  • #736
  • Sep 26, 2011 7:35am Sep 26, 2011 7:35am
Quoting T Bryant
just gotta give him time, everyone learns sooner or later... the easy way or the hard way
Spoken like a graduate of the school of hard knocks
Those who say it cannot be done should not interrupt those who are doing it
  • #737
  • Sep 26, 2011 7:36am Sep 26, 2011 7:36am
http://finance.yahoo.com/q?s=^VIX
VIX at 42.9. Be careful out there.
Those who say it cannot be done should not interrupt those who are doing it
  • #738
  • Sep 26, 2011 7:37am Sep 26, 2011 7:37am
for you pros, adults, experts, here,

is it better to be a little late, or a little early?


or is it balanced?
Have I got something on my face, SOLDIER?
  • #739
  • Sep 26, 2011 7:38am Sep 26, 2011 7:38am
Quoting bumapatria
for you pros, adults, experts, here,

is it better to be a little late, or a little early?


or is it balanced?
It's only good to be early when you're right.
Those who say it cannot be done should not interrupt those who are doing it
  • #740
  • Sep 26, 2011 7:40am Sep 26, 2011 7:40am
Quoting PipTrapper
It's only good to be early when you're right.

is there any good being late?


im trying to see if its better being a little early or late lol
Have I got something on my face, SOLDIER?
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