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14 Year Old Forex Trader's Lessons

  • #1,401
  • Oct 4, 2011 12:05pm Oct 4, 2011 12:05pm
Quoting PipTrapper
Here's an inside bar and below it is an outside bar

.


oh.. i guess i should add that to my trading strategy, im sure i would make millions out fo this

haahhaha
Have I got something on my face, SOLDIER?
  • #1,402
  • Oct 4, 2011 12:29pm Oct 4, 2011 12:29pm
Quoting bumapatria


oh.. i guess i should add that to my trading strategy, im sure i would make millions out fo this

haahhaha
LOL. You wold certainly be loaded
Those who say it cannot be done should not interrupt those who are doing it
  • #1,403
  • Oct 4, 2011 1:08pm Oct 4, 2011 1:08pm
Quoting GoldMan.
BS
I think it was cloggie who said: "Indicators are just there to make brokers money, they just tell you what has happened and give you a visual representation, who cares, I can see that in the price itself and don't need a christmas tree to tell me."
couldn't agree more Goldman......price is king same as cash hows everyone doing.Been a good week so far for me,Billy my little body guard pal hows things?
  • #1,404
  • Oct 4, 2011 3:29pm Oct 4, 2011 3:29pm
Morning all, I went trough the thread and I enjoyed the inside/outside bar bit,
I also think that will be a good way to be loaded.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,405
  • Oct 4, 2011 3:34pm Oct 4, 2011 3:34pm
Quoting huskyboy
trying to copy mla style
Do not copy anybody style, you need to create yours that reflects your personality, you can learn from others, but you need to create your own.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,406
  • Oct 4, 2011 4:00pm Oct 4, 2011 4:00pm
What's up guys? Been meaning to post more around here and be little more interactive but college has been kicking my ass for time. Missed most of the moves today since I have morning classes so I only caught a little bit last night on the EUR/USD drop.
  • #1,407
  • Oct 4, 2011 4:58pm Oct 4, 2011 4:58pm
hey buma, a little quiz for you

name me the indicators you are using,
how they are calculated by hand, and what is their strategic importance to your trading plan?

how can you trade using the concepts of your indicators with out a computer?

if you cannot give me a clear logical way how your players enhance the team, i suggest you rethink your ideas.



in another note

todays movement seemed irrational, good thing i was able to profit nonetheless, one by shorting the next by a lucky long then a rescue, my monthly target is almost met 4 days into the month, not bad (more luck than anything, i had not plan for the big bullish corrective wave)

it is funny how the Equities market lead the charge late on NY on comments that the EZ will need to tackle the debt problem (obviously) and the banks need more liquidity (money printing) then it was topped off by Italy downgrade which will actually make paper more expensive for the italian economy posing the EUR a bigger threat of increased expense on servicing a big economy like italy.

I believe either big money is bluffing dumb money into going long till the rate decision to short this at a better price, or massive short covering


be careful out there, every dollar you make belongs to some one else, so dont think this is a computer game. Dont get caught with your pants down.
AVT INVENIAM VIAM AVT FACIAM
  • #1,408
  • Oct 4, 2011 6:51pm Oct 4, 2011 6:51pm
Quoting the redlion
hey buma, a little quiz for you

name me the indicators you are using,
how they are calculated by hand, and what is their strategic importance to your trading plan?

how can you trade using the concepts of your indicators with out a computer?

if you cannot give me a clear logical way how your players enhance the team, i suggest you rethink your ideas.



in another note

todays movement seemed irrational, good thing i was able to profit nonetheless, one by shorting the next by a lucky long then a rescue, my monthly target is almost met 4 days into...
its a zero-sum game.
Ichimoku=
Tenkan sen = Moving average of 9 periods (highest high + lowest low)2 over 9 periods.
Kijun Sen = Moving average of 26 periods (highest high + lowest low)/2 over 26 periods.
Chikou Span:Current closing price shifted 26 periods back.

Accumulation/Distribution=
((Close – Low) – (High – Close)) / (High – Low) * Period's volume


MACD=
12 p ema
26 p ema
9 p ema

26 ema-12 ema and 9 ema is the trigger/signal line.

RSI=
100 - 100/(1 + Relative strength)
relative strength is Average of x days' up closes / Average of x days' down closes.


Their strategic importance is the ability to help me gauge momentum of price movement, a/d Shows you the periods' larger view of the sup/dem what is the actual state of market, bullish, bearish, and is a momentum indicator too, helps identify rangebound- trend markets. MACD, momentum like everything else.
Ichimoku, helps me know where the next sup/res predicted levels are, and same, helps indicate rangebound/trend markets.
Divergence can also be found in all the momentum indicators.
I dont trade indicator first, u see action/fluctuation of price first, then u go fancy. Overall, it gives me the whole outlook of the instrument.

Without a computer, I would have to analyze price movement fundamentally, with the concepts of momentum. I would look into sentiments of the instrument, i would have to find historical prices, historical news, see what happened at those levels, analyze, and predict and analyze what may come next in the current time. This is without charts.

Have I got something on my face, SOLDIER?
  • #1,409
  • Oct 4, 2011 6:57pm Oct 4, 2011 6:57pm
goood morning
im so happy i can post
buma congrats for your $1000 equity, your vouch

what did i miss?
Valar Dohaeris
  • #1,410
  • Oct 4, 2011 6:59pm Oct 4, 2011 6:59pm
Quoting Srikandi
goood morning
im so happy i can post
buma congrats for your $1000 equity, your vouch

what did i miss?
u missed..
a little quarrel...
change of the way we post...
me and mla joking about kicking him out of thread lol
Basically a lot.
Lot of new members.

So the new advised rule of posting about a trade, is posting your chart, and have explanation to it. Thats where we can help one another.
Have I got something on my face, SOLDIER?
  • #1,411
  • Oct 4, 2011 7:04pm Oct 4, 2011 7:04pm
Ah man..
shoot..
THIS IS WHY I NEED TO BE AT MY COMPUTER FOR MY SILVER/GOLD TRADES!!!!
went to jiujitsu class, shoud've closed trade. with lots of profit.
take a look at this, i came back i saw this funny shit. this is why silver and gold is high-yield, and high-risk too. especially dont go to jiujitsu and leave the trades open lol.

Lol..
ill continue using it. i have no shame in using it
and i named it 'nevergiveup'.
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Have I got something on my face, SOLDIER?
  • #1,412
  • Oct 4, 2011 7:20pm Oct 4, 2011 7:20pm
morning everyone, I'm having a bit of difficulty adding an inside bar Buma but i'm sure you'll fing many examples if you google it
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,413
  • Oct 4, 2011 7:20pm Oct 4, 2011 7:20pm
wow, would you believe it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,414
  • Oct 4, 2011 7:27pm Oct 4, 2011 7:27pm
on the chart Buma there are 4 examples of ibs at 17-30 18-30 19-30 22-00 its something like tops n bottoms. anyway it isnt as easy as it seems but it is a very good trading way and simple if you adapt it to your own style. and its good to hear from someone mentioning LUCK in a trade lol happy trading happy days
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,415
  • Oct 4, 2011 7:28pm Oct 4, 2011 7:28pm
Quoting billytt
wow, would you believe it
nice...
but im still not into candlestick patterns if they are not at psychological levels of the market.

Have I got something on my face, SOLDIER?
  • #1,416
  • Oct 4, 2011 7:31pm Oct 4, 2011 7:31pm
well your onto a loser then. i dont use them all of the time but when i trade the way i do and an ib happens to be there as well its normally big payday. keep it simple be like a pro
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,417
  • Oct 4, 2011 7:44pm Oct 4, 2011 7:44pm
Quoting billytt
well your onto a loser then. i dont use them all of the time but when i trade the way i do and an ib happens to be there as well its normally big payday. keep it simple be like a pro
ib?
Have I got something on my face, SOLDIER?
  • #1,418
  • Oct 4, 2011 7:45pm Oct 4, 2011 7:45pm
ib is inside bar
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,419
  • Oct 4, 2011 7:53pm Oct 4, 2011 7:53pm
Silver short.
Explanations on chart
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Have I got something on my face, SOLDIER?
  • #1,420
  • Oct 4, 2011 7:57pm Oct 4, 2011 7:57pm
congrats to deankenny on the vouch!


looks like we're going somewhere in this world.

heres for the sup/res, sup/dem junkies in this thread
on silvverr..
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Have I got something on my face, SOLDIER?
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