14 Year Old Forex Trader's Lessons | Page 45 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Journey Of An 18 Year Old FX Trader 16 replies

How old are you, trader? 54 replies

old trader but new learner 4 replies

Attachments: 14 Year Old Forex Trader's Lessons
Exit Attachments

14 Year Old Forex Trader's Lessons

  • #881
  • Sep 28, 2011 2:50am Sep 28, 2011 2:50am
i expect most dollar bears to hold back for now. This is just a retracement in my opinion.

Here's some jokes to keep the room alive:

i found some definitions of forex stuff on urbandictionary
try to combine them

1.USD: Underaged Sex Developers.... what?
2. XAU: Xau is the vietnamese for ugly.
so xau/usd: UGLY UNDERAgED SEX DEVELOPERS!!!WTF!!

3. Xag: Exaggerated.
Xag/usd: exaggerated underaged sex developers..

4. Cad: Regency-era swear word, meaning a man who doesn't treat women properly.
whats USd/cad? hahaha

5.GBP: this is the worst oh hell.... "gay bondage porn".
ehhghh.... GBP/USD... gay bondage porn underaged sex develoopers

6. EUR: a phrase said at a showstopping event..


go make some cross pairs

Have I got something on my face, SOLDIER?
  • #882
  • Sep 28, 2011 3:08am Sep 28, 2011 3:08am
i hope everyone now closed their long on eur/usd, or anything bearish on the USD. Kijun and tenkan crossed over but that dont say shit to me. PRice action over the whole economy of this blue planet is what matters. not two lines. or a kumo cloud lol. technical analysis can be misleading. Thats why its right not to have a bias that you are right. Assume you are wrong until you are right. (REDLION!!) Its always best to know the probabilities, and look at the unexpected as something that COULD be expected sometimes.

Well, its all in you dudes' heads mostly. everyone has different definitions on what price action, how markets move blah this that pancake, squished bananas, but just remind yourself, "is this the right way to think?

Know yourself, Understand Yourself, Trust yourself, Then there should be nothing to fear ahead of you - Buma
Have I got something on my face, SOLDIER?
  • #883
  • Sep 28, 2011 3:23am Sep 28, 2011 3:23am
Quoting bumapatria
...blah this that pancake, squished bananas...
Shut it. You're making me hungry. LOL
Those who say it cannot be done should not interrupt those who are doing it
  • #884
  • Sep 28, 2011 3:26am Sep 28, 2011 3:26am
Quoting bumapatria
...Know yourself, Understand Yourself, Trust yourself, Then there should be nothing to fear ahead of you - Buma
Those who say it cannot be done should not interrupt those who are doing it
  • #885
  • Sep 28, 2011 3:26am Sep 28, 2011 3:26am
Quoting PipTrapper
Shut it. You're making me hungry. LOL
haha pip...

try it. squished bananas are good on pancakes..
i swear!

lol.

u long on this wave?
Have I got something on my face, SOLDIER?
  • #886
  • Sep 28, 2011 3:34am Sep 28, 2011 3:34am
Quoting bumapatria
haha pip...

try it. squished bananas are good on pancakes..
i swear!

lol.

u long on this wave?
I know about the banana pancake thing... especially with strawberry jam on top. Mmmmmm

I am not long anything other than USD.
I will not go long EUR/USD because my strategy is longer term. Not day trading lately coz I am focusing on the bigger picture and I don't want to be distracted by the intraday noise.
Those who say it cannot be done should not interrupt those who are doing it
  • #887
  • Sep 28, 2011 3:41am Sep 28, 2011 3:41am
Quoting PipTrapper
I know about the banana pancake thing... especially with strawberry jam on top. Mmmmmm

I am not long anything other than USD.
I will not go long EUR/USD because my strategy is longer term. Not day trading lately coz I am focusing on the bigger picture and I don't want to be distracted by the intraday noise.
testing ur smartness.
im bull on dollar.

"I am not afraid" - some paladin on warcraft 3
Have I got something on my face, SOLDIER?
  • #888
  • Sep 28, 2011 3:49am Sep 28, 2011 3:49am
@Piptrapper

when i say 'squished bananas' are things that could've been good bananas for all us monkeys to eat, become squished. Wasted, you know?

cant have that on ur pancake..

Have I got something on my face, SOLDIER?
  • #889
  • Sep 28, 2011 4:16am Sep 28, 2011 4:16am
Quoting bumapatria
@Piptrapper

when i say 'squished bananas' are things that could've been good bananas for all us monkeys to eat, become squished. Wasted, you know?

cant have that on ur pancake..

okay understood but I wasn't thinking about the squished ones. I never do

ADD: "The only thing to fear in life is fear itself" ~unknown~
Those who say it cannot be done should not interrupt those who are doing it
  • #890
  • Sep 28, 2011 4:53am Sep 28, 2011 4:53am
Quoting bumapatria
what do yyou mean?

ADD: you mean more supply demand zones?
I believe he means that if you cover your charts with fib, gann, pivots, moving averages etc, that price will find resistance/support at one of these levels, just because they are everywhere!

I commend you on exploring new concepts, but its easy to go too far. I don't want to be the one to criticize, as you have a natural talent for this, but you will find that with most successful trader's, their methodology is based on a few (often very simple) concepts.

At the same time I understand that you will try new things out, but its easy to get caught up in the law of small numbers looking at a few charts where fibs work for example, does not mean that you will be profitable with them, remember for it to work it must do so a 1000, 10000, or even a million times in the future. Then you can say this works.

Anyway you are far ahead of me when i had only been trading for 2 months, for that i salute you!

h2
  • #891
  • Sep 28, 2011 5:07am Sep 28, 2011 5:07am
A good example of old supply/new demand. (chart below)

Looks like I will probably be stopped on my short trade, still I don't regret the decision, i believe it was the right one either way.

always remember 'analyze the decision NOT the outcome!'

anyway thats trading over for a week or so, im of to the Med for a holiday
Attached Image (click to enlarge)
Click to Enlarge Name: aaa.jpg Size: 76 KB
  • #892
  • Sep 28, 2011 5:10am Sep 28, 2011 5:10am
hey highlander,

thanks for the update,

i cleared things with redlion lol

he explained everything to me
Have I got something on my face, SOLDIER?
  • #893
  • Sep 28, 2011 5:13am Sep 28, 2011 5:13am
Quoting highlander2
A good example of old supply/new demand. (chart below)

Looks like I will probably be stopped on my short trade, still I don't regret the decision, i believe it was the right one either way.

always remember 'analyze the decision NOT the outcome!'

anyway thats trading over for a week or so, im of to the Med for a holiday
Do not eat to much of a good food. Have a nice trip.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #894
  • Sep 28, 2011 5:33am Sep 28, 2011 5:33am
Quoting highlander2
A good example of old supply/new demand. (chart below)

Looks like I will probably be stopped on my short trade, still I don't regret the decision, i believe it was the right one either way.

always remember 'analyze the decision NOT the outcome!'

anyway thats trading over for a week or so, im of to the Med for a holiday
Hi Highlander,
Where in the Med are you going? I am currently in Malta. Nice weather here save and except a couple days of rain but it's clearing up later today and the forecast looks great.
Bon Voyage
Those who say it cannot be done should not interrupt those who are doing it
  • #895
  • Sep 28, 2011 5:36am Sep 28, 2011 5:36am
Quoting PipTrapper
Hi Highlander,
Where in the Med are you going? I am currently in Malta. Nice weather here save and except a couple days of rain but it's clearing up later today and the forecast looks great.
Bon Voyage
Magaluf, with 3 mates, it can only end one way!
  • #896
  • Sep 28, 2011 5:45am Sep 28, 2011 5:45am
Quoting highlander2
Magaluf, with 3 mates, it can only end one way!
LOL. Hopefully for you, it will include some of this...
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #897
  • Sep 28, 2011 5:52am Sep 28, 2011 5:52am
Quoting PipTrapper
LOL. Hopefully for you, it will include some of this...
here's hoping!
  • #898
  • Sep 28, 2011 6:11am Sep 28, 2011 6:11am
lol dudes

enjoy the break highlander
Have I got something on my face, SOLDIER?
  • #899
  • Sep 28, 2011 6:26am Sep 28, 2011 6:26am
Sold 3660, SL 3680, covered half 1.3652 and moved SL to 1.3671

mla
"The Heart is the hub of all dances; go there and chill out"
  • #900
  • Sep 28, 2011 6:28am Sep 28, 2011 6:28am
Quoting mla
Sold 3660, SL 3680, covered half 1.3652 and moved SL to 1.3671

mla
Good move mla. A bit tight but good nonetheless.
Scalp away my friend.
PT
Those who say it cannot be done should not interrupt those who are doing it
14 traders viewing now