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14 Year Old Forex Trader's Lessons

  • #1,041
  • Sep 30, 2011 4:02am Sep 30, 2011 4:02am
4:00pm EUR CPI Flash Estimate y/y
http://www.forexfactory.com/images/m...etail_star.gif 3.0% 2.5% 2.5%
4:00pm EUR Unemployment Rate
http://www.forexfactory.com/images/m...etail_star.gif 10.0% 10.0% 10.0%
4:00pm EUR Italian Prelim CPI m/m
http://www.forexfactory.com/images/m...dar_detail.gif 0.1% -0.1% 0.3%
Have I got something on my face, SOLDIER?
  • #1,042
  • Sep 30, 2011 4:06am Sep 30, 2011 4:06am
The sentiment cannot get any worse for the Euro currency
EU CPI Flash Estimate y/y was expected at 2.5% but rose to 3.0%
If the Euro was not so screwed, it would have started to rally by now.
Maybe there is a delayed reaction? I hardly think so. I've traded this news many times and I don't ever remember the market reaction being this stunned.

The writing is on the wall.

ADD: The Euro has dropped almost 30 pips since the news release pffff

.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,043
  • Sep 30, 2011 4:11am Sep 30, 2011 4:11am
Quoting PipTrapper
The sentiment cannot get any worse for the Euro currency
EU CPI Flash Estimate y/y was expected at 2.5% but rose to 3.0%
If the Euro was not so screwed, it would have started to rally by now.
Maybe there is a delayed reaction? I hardly think so. I've traded this news many times and I don't ever remember the market reaction being this stunned.

The writing is on the wall.

ADD: The Euro has dropped almost 30 pips since the news release pffff

.
not a good sign for the predicted bullish move.
Have I got something on my face, SOLDIER?
  • #1,044
  • Sep 30, 2011 4:18am Sep 30, 2011 4:18am
She is forming Higher high and higher low

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,045
  • Sep 30, 2011 4:20am Sep 30, 2011 4:20am
Quoting bumapatria
not a good sign for the predicted bullish move.
That prediction was scrapped hours ago. Now it's only a slim possibility if the US session brings some Equity bulls into play. However, I doubt it.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,046
  • Sep 30, 2011 4:20am Sep 30, 2011 4:20am
http://www.anymeeting.com/drainthemarket1

in two hours i have a meeting at this link, and all of you are invited to see how i trade.

Have I got something on my face, SOLDIER?
  • #1,047
  • Sep 30, 2011 4:28am Sep 30, 2011 4:28am
Anyway she getting very dull at the moment.

I am placing alerts at 1.3563 and 1.3487, only if she gets to those levels I get interested. I am going to have my dinner, they are calling.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,048
  • Sep 30, 2011 4:30am Sep 30, 2011 4:30am
Quoting mla
Anyway she getting very dull at the moment.

I am placing alerts at 1.3563 and 1.3487, only if she gets to those levels I get interested. I am going to have my dinner, they are calling.

mla
Bon appetito
Those who say it cannot be done should not interrupt those who are doing it
  • #1,049
  • Sep 30, 2011 4:34am Sep 30, 2011 4:34am
Quoting bumapatria
hi piptrapper,

do you think the KOF economic barometer would make another spike on the CHF?

not that i trade it, but just an observation.
No impact on the KOF
Probably for the following reasons:

1. Euro is screwed
2. CHF is already undervalued from fair value
3. Nobody cares about CHF any more (it's pseudo-pegged)

.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,050
  • Sep 30, 2011 4:37am Sep 30, 2011 4:37am
here i am trading a random pair.
The only way to test how strong a man is, is to see how strong he is out of his comfort zone.

EUR/CAD. i honestly dont know anything about this pair.
Here goes.

At supply.

Countertrend-trading at test.

ADD: not smart choice, i know lol.
Attached Image (click to enlarge)
Click to Enlarge Name: test.gif Size: 23 KB
Have I got something on my face, SOLDIER?
  • #1,051
  • Sep 30, 2011 4:37am Sep 30, 2011 4:37am
Quoting mla
Anyway she getting very dull at the moment.

I am placing alerts at 1.3563 and 1.3487, only if she gets to those levels I get interested. I am going to have my dinner, they are calling.

mla
I am betting the 1.3487 alert will be calling you soon. Eat up.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,052
  • Sep 30, 2011 4:43am Sep 30, 2011 4:43am
Quoting PipTrapper
Bon appetito
Grazie, amico.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,053
  • Sep 30, 2011 4:48am Sep 30, 2011 4:48am
Quoting PipTrapper
I am betting the 1.3487 alert will be calling you soon. Eat up.
Done. Peperoni e uova fritti con il formaggio pecorino.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,054
  • Sep 30, 2011 4:59am Sep 30, 2011 4:59am
Quoting mla
Done. Peperoni e uova fritti con il formaggio pecorino.

mla
i didnt eat italian food for a looong time...

mh.... must be tasty.
Have I got something on my face, SOLDIER?
  • #1,055
  • Sep 30, 2011 4:59am Sep 30, 2011 4:59am
Quoting mla
Done. Peperoni e uova fritti con il formaggio pecorino.

mla
i didnt eat italian food for a looong time...

mh.... must be tasty.


---------------------------------------------------
http://www.anymeeting.com/drainthemarket1
Have I got something on my face, SOLDIER?
  • #1,056
  • Sep 30, 2011 5:01am Sep 30, 2011 5:01am
morning traders ( 11 am here) i woke up to a nice 180 pips wayhay, that was 90 pips on eur/usd falling and 90 pips spread between gbp/usd and gbp/jpy dipping. i noticed the e/u is hanging around a support level so maybe today i,ll hace more fun. happy trading happy days
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,057
  • Sep 30, 2011 5:02am Sep 30, 2011 5:02am
Quoting bumapatria
i didnt eat italian food for a looong time...

mh.... must be tasty.


---------------------------------------------------
http://www.anymeeting.com/drainthemarket1
Next time, you are in Sydney lunch is on me.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,058
  • Sep 30, 2011 5:04am Sep 30, 2011 5:04am
Quoting billytt
morning traders ( 11 am here) i woke up to a nice 180 pips wayhay, that was 90 pips on eur/usd falling and 90 pips spread between gbp/usd and gbp/jpy dipping. i noticed the e/u is hanging around a support level so maybe today i,ll hace more fun. happy trading happy days
Morning, did you finish all the champagne last night?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,059
  • Sep 30, 2011 5:14am Sep 30, 2011 5:14am
any thoughts on euro bulls?
Have I got something on my face, SOLDIER?
  • #1,060
  • Sep 30, 2011 5:21am Sep 30, 2011 5:21am
Quoting bumapatria
any thoughts on euro bulls?
Yep. They's had their horns clipped and the bears are sharpening their claws.
Those who say it cannot be done should not interrupt those who are doing it
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