14 Year Old Forex Trader's Lessons | Page 63 | 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

  • #1,241
  • Oct 3, 2011 3:35am Oct 3, 2011 3:35am
lol.. good thing i wasnt trading pound/yen. look at this 1 minute spike of 88 pips in range. hmm.. what news came out?


i knew from beginning jpy is just a bad idea for me. too many spikes lol.

spike seen on cable as well.
Attached Image (click to enlarge)
Click to Enlarge Name: lol.gif Size: 12 KB
Have I got something on my face, SOLDIER?
  • #1,242
  • Edited 4:15am Oct 3, 2011 3:36am | Edited 4:15am
Quoting bumapatria
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...
It is not important are you studying in top 100 or not, all depends how you educate yourself.
Life is all about survival, everyone work hard and sacrifice their time and energy to buy bigger house or better car etc. They seek pleasure and sense of security but they still can't fully reach that. What i'm trying to say is that take it easy, enjoy some puss! and sunshine. Life is short and we all should focus more on things that are enjoyable. There are too many rusks that only spread jitters and can't see other human beings.

This is self-educated man, he has such a wide range of knowledge and I have create respect for him. And what is most important, he can think out of the box:

Inserted Video
  • #1,243
  • Oct 3, 2011 3:38am Oct 3, 2011 3:38am
Hi everyone, i hear wise words off Mia, Redlion and Gold
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,244
  • Oct 3, 2011 3:39am Oct 3, 2011 3:39am
Quoting huskyboy
Mla, if i may ask, how do know if there will be a pulback or a clean break of the TL
Good question, feel the market, look at each bar prior to the TL, where are the bulls and where are the bears, did the bear push down before at the same level? Who is trapped pushing the trade in the opposite direction? Nothing is black and white is all grey. Get in at a good price, and take partial profit before she gets back to your SL.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,245
  • Oct 3, 2011 3:40am Oct 3, 2011 3:40am
am i wrong in my assumption that you trade alot via news info
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,246
  • Oct 3, 2011 3:47am Oct 3, 2011 3:47am
Quoting billytt
am i wrong in my assumption that you trade alot via news info
are you reffering to me billy?

anyways, price, like goldman says stomps on supply and demand. we have to watch how price moves, then look at those things. Psycho-levels mean nothing, if price doesnt respect or fall-into-place with them.
Have I got something on my face, SOLDIER?
  • #1,247
  • Oct 3, 2011 3:51am Oct 3, 2011 3:51am
I am in short @ 1.3357, covered half at +10 pips and moved my SL to BE.

mla
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 33 KB
"The Heart is the hub of all dances; go there and chill out"
  • #1,248
  • Oct 3, 2011 3:54am Oct 3, 2011 3:54am
Quoting mla
Good question, feel the market, look at each bar prior to the TL, where are the bulls and where are the bears, did the bear push down before at the same level? Who is trapped pushing the trade in the opposite direction? Nothing is black and white is all grey. Get in at a good price, and take partial profit before she gets back to your SL.

mla
so if you dont know in advance if there 's a pullback, you could consider to enter at the first break with half of your lot size, no pulback you are in and gaining, if there's a pullback you enter with the other half.
Thanks.
  • #1,249
  • Oct 3, 2011 3:57am Oct 3, 2011 3:57am
yes indeed Buma and good morning. i have noticed that announcements are mentioned quite alo there . i am only asking in a good way. Over time if a person keeps good records they can see a good history (if) they fail or trade irratic lol. i had a quick look at my last fri chart and have gone long on e/u it had gone below my resistance line that should keep me quiet for a while. I am surprised i told what i've done lol. happy trading happy days
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,250
  • Oct 3, 2011 4:09am Oct 3, 2011 4:09am
Quoting huskyboy
so if you dont know in advance if there 's a pullback, you could consider to enter at the first break with half of your lot size, no pulback you are in and gaining, if there's a pullback you enter with the other half.
Thanks.
Sorry, I think I do not understand your question.
But look at the pic below, why did I enter there?

I did because bears where pushing down at that level before (see 1).
Now look at where I got in, you got a nice long bull bar, then you got the indecision bar and a bear bar, that was already indicating to me that the bear were pushing again and bulls got trapped, I did not enter there because just below there was a weekly low( black line), so I did not want to bang my face on that, next bar confirms me that I need to go short, bar closes below that weekly low.
I am in, because is ranging day, as soon as I gained 10 pips, I covered and moved my SL to BE

I hope it help. BE NIMBLE.

mla
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 37 KB
"The Heart is the hub of all dances; go there and chill out"
  • #1,251
  • Oct 3, 2011 4:12am Oct 3, 2011 4:12am
Quoting GoldMan.
It is not important are you studying in top 100 or not, all depends how you educate yourself.
Life is all about survival, everyone work hard and sacrifice their time and energy to buy bigger house or better can etc. They seek pleasure and sense of security but they still can't fully reach that. What i'm trying to say is that take it easy, enjoy some puss! and sunshine. Life is short and we all should focus more on things that are enjoyable. There are too many rusks that only spread jitters and can't see other human beings.

This is self-educated...
I have not watched the video. But I think your advise is full of delight. Good on you Goldman.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,252
  • Oct 3, 2011 4:30am Oct 3, 2011 4:30am
Quoting mla
Sorry, I think I do not understand your question.
But look at the pic below, why did I enter there?

I did because bears where pushing down at that level before (see 1).
Now look at where I got in, you got a nice long bull bar, then you got the indecision bar and a bear bar, that was already indicating to me that the bear were pushing again and bulls got trapped, I did not enter there because just below there was a weekly low( black line), so I did not want to bang my face on that, next bar confirms me that I need to go short, bar closes below...

Great help. Thanks
  • #1,253
  • Oct 3, 2011 4:40am Oct 3, 2011 4:40am
My second lot got stopped out at BE.

This is the third time that I get stopped out at BE with my second lot, but made profit on my first lots.

Happens often in trading range to get stopped out with the second lot, but sometime you ride a larger swing.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,254
  • Oct 3, 2011 4:50am Oct 3, 2011 4:50am
i'm out of the trade e/u i took 30 pips, i am getting scared lol, plus i want to go out in the sun and not watch laptop, happy trading happy days
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,255
  • Oct 3, 2011 5:11am Oct 3, 2011 5:11am
Bought gold and silver 2 hours ago. Price confidently shows "bulls are in control". Not time to sell. Perhaps retracements might happen, or complete wrong thought but my trailing stops are in effect.

ADD: Buyers look to take profits creating a retracement, and i will possibly put another order there.
Have I got something on my face, SOLDIER?
  • #1,256
  • Oct 3, 2011 5:46am Oct 3, 2011 5:46am
I have heard pro-traders explain of how being out of a trade is a better feeling for themselves emotionally speaking, and financially speaking, than being in one.

Sometimes the most basic concepts is just so hard to apply or accept, and one only does so after the 'something that made me finally understand' incident.
Have I got something on my face, SOLDIER?
  • #1,257
  • Oct 3, 2011 5:49am Oct 3, 2011 5:49am
Quoting bumapatria
I have heard pro-traders explain of how being out of a trade is a better feeling for themselves emotionally speaking, and financially speaking, than being in one.

Sometimes the most basic concepts is just so hard to apply or accept, and one only does so after the 'something that made me finally understand' incident.
Very true.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,258
  • Oct 3, 2011 5:55am Oct 3, 2011 5:55am
Quoting bumapatria
I have heard pro-traders explain of how being out of a trade is a better feeling for themselves emotionally speaking, and financially speaking, than being in one.

Sometimes the most basic concepts is just so hard to apply or accept, and one only does so after the 'something that made me finally understand' incident.
Hey Buma, where is out mate PipTrapper?

Look at this image what do you think it is?

mla
Attached Image
"The Heart is the hub of all dances; go there and chill out"
  • #1,259
  • Oct 3, 2011 6:09am Oct 3, 2011 6:09am
Quoting mla
Hey Buma, where is out mate PipTrapper?

Look at this image what do you think it is?

mla
hey mla.
piptrapper... possibly sleeping he says. He's in the US. its now 7 am there. You're in australia and im in indonesia so we are in the same sort of time zone with least difference.

Im thinking those are two galaxies about to collide or form into one super-galaxy.
The andromeda and the milky-way perhaps?
Have I got something on my face, SOLDIER?
  • #1,260
  • Oct 3, 2011 6:11am Oct 3, 2011 6:11am
btw, congratulations on the vouch from goldman.
Have I got something on my face, SOLDIER?
3 traders viewing now