14 Year Old Forex Trader's Lessons | Page 62 | 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

  • #1,221
  • Oct 3, 2011 2:35am Oct 3, 2011 2:35am
shes on the daily demand zone Mla.

lets see goldmans view
Attached Image (click to enlarge)
Click to Enlarge Name: daily demand zone.gif Size: 18 KB
Have I got something on my face, SOLDIER?
  • #1,222
  • Oct 3, 2011 2:36am Oct 3, 2011 2:36am
morning everyone, just going to take daughter to school so haven't read any of your messages yet. i do know though that i caught my 40 pips on aud/usd (actually it was 80) i put 2 trades on yippee, see ya later happy trading happy days
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,223
  • Oct 3, 2011 2:41am Oct 3, 2011 2:41am
On this pair, im seeing the JPY's strentgh weakening on this cross. GBP USD rose for a while, while the USD/Yen is ranging with USD in the power for the while.

Bounce off demand, awesome rejection. Bears smart to take profits right at demand.

Gold trade... lets see if buyers are more willing to pierce through, and lets see the action of the bears, as bulls enter their territory.

ADD: ah fuck.. stupid trailing stop i set was small.. .i forgot gold moves in big 'pips'. hahaa who cares. profit is profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp jpy trade.gif Size: 18 KB
Click to Enlarge Name: gold.gif Size: 15 KB
Have I got something on my face, SOLDIER?
  • #1,224
  • Oct 3, 2011 2:48am Oct 3, 2011 2:48am
Quoting bumapatria
On this pair, im seeing the JPY's strentgh weakening on this cross. GBP USD rose for a while, while the USD/Yen is ranging with USD in the power for the while.

Bounce off demand, awesome rejection. Bears smart to take profits right at demand.

Gold trade... lets see if buyers are more willing to pierce through, and lets see the action of the bears, as bulls enter their territory.

ADD: ah fuck.. stupid trailing stop i set was small.. .i forgot gold moves in big 'pips'. hahaa who cares. profit is profit.
Hi Buma

I got a question for you.

When you go on the live account in the new year, are you going to trade all those instruments?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,225
  • Oct 3, 2011 2:51am Oct 3, 2011 2:51am
Quoting mla
Hi Buma

I got a question for you.

When you go on the live account in the new year, are you going to trade all those instruments?

mla
noo... im trying to find 3. Eur/usd, Gold, and the next one i would liek a cross. I looked over most of them, and i found some interest in EUR/CAD. and GBP/JPY. I will need to come into decision then.

Eu and gold are definite.
Have I got something on my face, SOLDIER?
  • #1,226
  • Oct 3, 2011 2:52am Oct 3, 2011 2:52am
Gold Pinbar on supply.

Hm... will reconsider buying at supply lol
Have I got something on my face, SOLDIER?
  • #1,227
  • Oct 3, 2011 2:54am Oct 3, 2011 2:54am
Quoting bumapatria
noo... im trying to find 3. Eur/usd, Gold, and the next one i would liek a cross. I looked over most of them, and i found some interest in EUR/CAD. and GBP/JPY. I will need to come into decision then.

Eu and gold are definite.
In my humble opinion 1 is more than enough.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,228
  • Oct 3, 2011 2:58am Oct 3, 2011 2:58am
Lets keep it simple and sell here.
M30 view, and m15 view:

Tight SL

Its low volatility on gold right now 'for gold' and i think gold bears would take advantage of this. There also less whipsaws and spikes. easier to put a tight stop loss.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: entered sell.gif Size: 15 KB
Click to Enlarge Name: pb on gold.gif Size: 16 KB
Have I got something on my face, SOLDIER?
  • #1,229
  • Oct 3, 2011 2:59am Oct 3, 2011 2:59am
Quoting bumapatria
@Goldman, i see you are hanging around here. Stopped posting?
I was in university, did not have time to post and read every page here. Now remember guys, supply and demand is just one of the tools in the toolbox. Every good trader must be able to trade without any lines etc, price tells you everything. Price behaviour is always the same as hundreds of years ago, it has not changed since it was first traded. Indicators just tell you what has happened and give you a visual representation, you can see that in price itself. By the time indicators tells you what to do, price traders are already in and always one step ahead of you. I feel that i'm already repeating myself

Bumapatria, you said that you want to study in top 100 university? What is the reason? Is it about ego or you just think that you will get some kind of godly knowlege from top 100 universities?
  • #1,230
  • Oct 3, 2011 3:00am Oct 3, 2011 3:00am
Quoting mla
In my humble opinion 1 is more than enough.

mla
I respect your opinion mla.
You see, in a losing trade, I can rescue or save that position or loss with another pair. I do realize the effect of more focus on 1 pair, but honestly in my opinion for the bettter of myself ill stick with 3. Im not blind to your great advice, ive heard it many times, but this i have to do on my own. I know the pros and cons, and I am going to do this

thanks btw mla
Have I got something on my face, SOLDIER?
  • #1,231
  • Oct 3, 2011 3:03am Oct 3, 2011 3:03am
@mla, are you long on eur/usd?


ADD: i have made decision and stick with what i do best: Gold, Silver, Eur/USD.
I know my enemy, and its better fighting an enemy you know well, than one who you know least.
Have I got something on my face, SOLDIER?
  • #1,232
  • Oct 3, 2011 3:10am Oct 3, 2011 3:10am
Quoting bumapatria
@mla, are you long on eur/usd?


ADD: i have made decision and stick with what i do best: Gold, Silver, Eur/USD.
I know my enemy, and its better fighting an enemy you know well, than one who you know least.
no, I am flat, she in very frenetic mode, but I am watching her.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,233
  • Oct 3, 2011 3:13am Oct 3, 2011 3:13am
yes it is. Well, its a smart decision to stay out. Im not in as well on this pair.

If i may ask mla, what is your usual 'pips profit' per day?
what is your equity profit goal at the end of the month?
Have I got something on my face, SOLDIER?
  • #1,234
  • Oct 3, 2011 3:16am Oct 3, 2011 3:16am
Quoting GoldMan.
I was in university, did not have time to post and read every page here. Now remember guys, supply and demand is just one of the tools in the toolbox. Every good trader must be able to trade without any lines etc, price tells you everything.[b] Price [font=Calibri]behaviour is always the same as hundreds of years ago, it has not changed since it was first traded. Indicators just tell you what has happened and give you a visual representation, you can see that in price itself. By the time indicators tells you what to do, price traders are...

godly knowledge?! hahaha no man... I want to be successful in life. I dont want to end up a ragged old banana peel on the road. If you know what i mean. I view myself capable and i truly deserve a successful life. lol godly knowledge... you still view me as a kid goldman.

im not that much of a kid inside. I dont want to work under another when i grow up. I want to create an innovative profitable large business partnership one day, and i require the knowledge of entrepreneurship, business and all that. Im not searching for ANYTHING IN LIFE. I am trrying to ACHIEVE in LIFE, not SEARCH.


Have I got something on my face, SOLDIER?
  • #1,235
  • Oct 3, 2011 3:17am Oct 3, 2011 3:17am
Quoting bumapatria
yes it is. Well, its a smart decision to stay out. Im not in as well on this pair.

If i may ask mla, what is your usual 'pips profit' per day?
what is your equity profit goal at the end of the month?
I do not have sets, I just get out what I can.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,236
  • Oct 3, 2011 3:19am Oct 3, 2011 3:19am
Quoting mla
I do not have sets, I just get out what I can.

mla
then i guess i have an 'mla' inside of me.

I too dont have targets. Market movement and decisions i make on market makes them naturally correct?

Have I got something on my face, SOLDIER?
  • #1,237
  • Oct 3, 2011 3:21am Oct 3, 2011 3:21am
The one who thinks he knows, knows nothing.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,238
  • Oct 3, 2011 3:22am Oct 3, 2011 3:22am
Quoting mla
The one who thinks he knows, knows nothing.

mla
is this what you are connecting to targets?
i just would like to know what you are reffering to with the line
Have I got something on my face, SOLDIER?
  • #1,239
  • Oct 3, 2011 3:30am Oct 3, 2011 3:30am
Quoting mla
My 1st trade of the day

She broke the channel the way down, pulled back towards the lower TL of the channel, weekly and daily low, forms an indecision bar, I place a 1 pips sell stop order below it @ 1.3356, SL 1.3367, I am in, she reaches the latest swing low, I cover half and moved my SL to BE, she goes further down but apparently my SL at BE has been triggered, and seem that prices did not get there. Bastards those brokers, they are all the same bastards.

mla
Mla, if i may ask, how do know if there will be a pulback or a clean break of the TL
Attached Image (click to enlarge)
Click to Enlarge Name: MLA.jpg Size: 53 KB
  • #1,240
  • Oct 3, 2011 3:30am Oct 3, 2011 3:30am
Quoting bumapatria
is this what you are connecting to targets?
i just would like to know what you are reffering to with the line
Noo, Do not worry is not refereed to anybody in particular. Sometime thinks just came in my head and I need to release them.

mla
"The Heart is the hub of all dances; go there and chill out"
3 traders viewing now