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14 Year Old Forex Trader's Lessons

  • #1,301
  • Oct 3, 2011 8:32am Oct 3, 2011 8:32am
Closed my last 1/4 at +20.

I out of here, thank for the ride.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,302
  • Oct 3, 2011 8:50am Oct 3, 2011 8:50am
Quoting mla
Closed my last 1/4 at +20.

I out of here, thank for the ride.

mla
later mla. Have a good evening.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,303
  • Oct 3, 2011 9:13am Oct 3, 2011 9:13am
US ISM Manufacturing PMI came in higher at 51.6 vs an expected 50.5

This should give us an upward swing on the Euro. How far it will get is a different question altogether.

.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,304
  • Oct 3, 2011 10:07am Oct 3, 2011 10:07am
Quoting bumapatria
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.
I see you with 1 vouch and giving out advice to everyone in the Rookie threads, I thought you were better than that, showing lots of analysis, how about some trades?

GBP - JPY, no problem
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OPPORTUNITY IS NOWHERE
  • #1,305
  • Oct 3, 2011 1:22pm Oct 3, 2011 1:22pm
man it took so long to wait for silver and gold to go into profit
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Have I got something on my face, SOLDIER?
  • #1,306
  • Oct 3, 2011 1:33pm Oct 3, 2011 1:33pm
Quoting mla
If I dont post, I can assure you that I will make more money, trading on the 5m
TF is very challenging, specially in a day like this. I feel kind of stoned now and when I feel like this I am not good, so I think soon I am going to switch off and join another lady, one a bit more tranquil.

mla
hey mla i was kidding... dude you joked, i joked man!!



i was just kidding...
Have I got something on my face, SOLDIER?
  • #1,307
  • Oct 3, 2011 1:43pm Oct 3, 2011 1:43pm
@Mla,

m5 is f-ing challenging. It requires extreme focus of the kind, and to succeed, its... well challenging.

Gold and silver dip lower...
Have I got something on my face, SOLDIER?
  • #1,308
  • Oct 3, 2011 1:49pm Oct 3, 2011 1:49pm
Here is the two trades of gold and silver.
Looking to exit soon, or put a trailing stop and be aware of risk of bear trap.

as piptrapper said, i think the usd bulls are finding an excuse to keep the pressure.

ISM manufacturing PMI, made the usd bulls continue pressure i guess.
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Have I got something on my face, SOLDIER?
  • #1,309
  • Oct 3, 2011 1:53pm Oct 3, 2011 1:53pm
silver massive rejection on psychological level aka trendline.
Closed out to be safe.
Bears took profits.
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Have I got something on my face, SOLDIER?
  • #1,310
  • Oct 3, 2011 3:18pm Oct 3, 2011 3:18pm
Silver rejects or accumulates at demand level. Shooting star indicates bullish vs bearish pressure and bulls managed to prevail and took profits short.

not such a liquid time though.

@MLa, if you see this in the morning, just want to say it was a joke mate the ignore list thing. You joked, i joked. I hope you ddint take it seriosuly.
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Have I got something on my face, SOLDIER?
  • #1,311
  • Oct 3, 2011 3:19pm Oct 3, 2011 3:19pm
Quoting bumapatria
hey mla i was kidding... dude you joked, i joked man!!



i was just kidding...
Good morning.

You sound worried

Is good to have you worried a bit.

Cheers
mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,312
  • Oct 3, 2011 3:22pm Oct 3, 2011 3:22pm
Quoting bumapatria
Silver rejects or accumulates at demand level. Shooting star indicates bullish vs bearish pressure and bulls managed to prevail and took profits short.

not such a liquid time though.

@MLa, if you see this in the morning, just want to say it was a joke mate the ignore list thing. You joked, i joked. I hope you ddint take it seriosuly.
Not for one moment, I took it seriously, mate

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,313
  • Oct 3, 2011 4:12pm Oct 3, 2011 4:12pm
Quoting mla
Not for one moment, I took it seriously, mate

mla

well.. .thats the last time i joke like that.
we are a tight team. Lets keep it that way.

Update on silver long.
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Have I got something on my face, SOLDIER?
  • #1,314
  • Oct 3, 2011 4:24pm Oct 3, 2011 4:24pm
For the next possible swing up in heavy liquidity, we need a fundamentally strong statement from the 'big-names' around those demand levels.

Right now, on the weekly, we can see that bears are saying we are in overall control. Its a basically warning to long for the long-term. aka a day or more.

For the euro to get back on track we need a big economic action and a technical analysis congruence.
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Have I got something on my face, SOLDIER?
  • #1,315
  • Oct 3, 2011 4:27pm Oct 3, 2011 4:27pm
Quoting bumapatria
well.. .thats the last time i joke like that.
we are a tight team. Lets keep it that way.

Update on silver long.
Mate, you worry to much.
You got the age of my older son. This what I will tell you both:
Try to follow your heart and less your mind and you will be safe.

Now, to make this thread more interesting I suggest that you encourage the other traders to post their trade (loss or win, does not matter) with entries and exits. Because that way the newbie will learn and the pro can show and we can also discuss how we all can improve. I know is difficult, but you have to try to push this thread in that direction so it becomes vibrant and not dull.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,316
  • Oct 3, 2011 4:34pm Oct 3, 2011 4:34pm
Quoting mla
Mate, you worry to much.
You got the age of my older son. This what I will tell you both:
Try to follow your heart and less your mind and you will be safe.

Now, to make this thread more interesting I suggest that you encourage the other traders to post their trade (loss or win, does not matter) with entries and exits. Because that way the newbie will learn and the pro can show and we can also discuss how we all can improve. I know is difficult, but you have to try to push this thread in that direction so it becomes vibrant and not dull.

mla
Okay, great suggestion. So basically we post setups from entry and exit and with charts, so that we all can learn visually. Sure i will. we should also show why we enter and why we exit with clear explanations to help the others out.
Have I got something on my face, SOLDIER?
  • #1,317
  • Oct 3, 2011 4:57pm Oct 3, 2011 4:57pm
Quoting bumapatria
Okay, great suggestion. So basically we post setups from entry and exit and with charts, so that we all can learn visually. Sure i will. we should also show why we enter and why we exit with clear explanations to help the others out.
You got it, I do not know what I would do without you.



mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,318
  • Oct 3, 2011 5:06pm Oct 3, 2011 5:06pm
Quoting mla
You got it, I do not know what I would do without you.



mla
Synergy.
Have I got something on my face, SOLDIER?
  • #1,319
  • Oct 3, 2011 5:06pm Oct 3, 2011 5:06pm
Quoting bumapatria
Okay, great suggestion. So basically we post setups from entry and exit and with charts, so that we all can learn visually. Sure i will. we should also show why we enter and why we exit with clear explanations to help the others out.
And also the newbie will learn a lot if they show their trades. (win or Loose, does not matter) because then the pro can suggest where they did wrong or right.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,320
  • Oct 3, 2011 5:11pm Oct 3, 2011 5:11pm
Quoting bumapatria
Okay, great suggestion. So basically we post setups from entry and exit and with charts, so that we all can learn visually. Sure i will. we should also show why we enter and why we exit with clear explanations to help the others out.

Yes, exactly. That is precisely what would help us (the new traders) to learn various strategies and methods used by various Masters and opt (or mould) one or two of those set-ups to suit our own preferred way of trading.

For example, brief explanation of Demand and Supply zones imparted by you in your last webinar has been a great help. But, personally I am still not very sure if I am applying same correctly in my trading. But if you (few) Masters start to post your trade set ups with brief explanations, it would positively help people like me to refine (and correct) our own set ups and become successful traders and future contributors to this fine Forum.

Thanks again to all of you Masters and kindly keep on tutoring us.
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