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14 Year Old Forex Trader's Lessons

  • #1,481
  • Oct 5, 2011 7:02am Oct 5, 2011 7:02am
Quoting bumapatria
how i executed trades? okay sure.



ill post them soon.

just finished learning geography.
Do not worry about it. You show to us tomorrow.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,482
  • Oct 5, 2011 7:05am Oct 5, 2011 7:05am
lets look at PROFITABLE trades.

i was mostly scaling out of silver. my strategy is to first use a 0.05 lot size, and when things become well, take 0.01, at every psycho-level, and every time breaks through, hold. If i see accumulation, exit, or put a profit stop loss straight away.

i got the feel of silver and gold fluctuations.
Attached Image (click to enlarge)
Click to Enlarge Name: silver example.gif Size: 25 KB
Have I got something on my face, SOLDIER?
  • #1,483
  • Oct 5, 2011 7:11am Oct 5, 2011 7:11am
here is the gold example.

i cant go much in depth for now,
sorry.
Attached Image (click to enlarge)
Click to Enlarge Name: gold example.gif Size: 18 KB
Have I got something on my face, SOLDIER?
  • #1,484
  • Oct 5, 2011 7:30am Oct 5, 2011 7:30am
did you just get that Buma, nice little jump up for gold n silver
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,485
  • Oct 5, 2011 7:33am Oct 5, 2011 7:33am
took 20 cents of the jump in silver buys.
i mean look at this

at least i bagged in some profits. will look too counter this baby soon.

and im short on eur/usd. News release positive for the dollar, more excuse for usd strentgh.

here is eu chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: look at silver.gif Size: 31 KB
Click to Enlarge Name: eurusd chart.gif Size: 21 KB
Have I got something on my face, SOLDIER?
  • #1,486
  • Oct 5, 2011 7:34am Oct 5, 2011 7:34am
Quoting billytt
did you just get that Buma, nice little jump up for gold n silver
caught silver not gold...

lol... too busy lookng at it itself, forgot that gold and silver are correlated like crazy.

nice to know we have the gold another gold silver trader here
Have I got something on my face, SOLDIER?
  • #1,487
  • Oct 5, 2011 7:35am Oct 5, 2011 7:35am
its going to drop now billy, the us data's out.
Have I got something on my face, SOLDIER?
  • #1,488
  • Oct 5, 2011 7:38am Oct 5, 2011 7:38am
im short now on silver. That jump was buyers trying to drive deep into bears territory before going back down. With US Data out now being positive for the usd, and silver on the overshoot on m5, and on supply i think this would be a great short.

i think.

added gold. Pinbar on supply, rejection to go higher, same story as silver.
Have I got something on my face, SOLDIER?
  • #1,489
  • Oct 5, 2011 7:43am Oct 5, 2011 7:43am
you think ???? lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,490
  • Oct 5, 2011 7:46am Oct 5, 2011 7:46am
Quoting billytt
you think ???? lol
LETS SELL THESE BITCHES!!

im selling gold silver, and eu. all lined up.



lets make some cash billy.
Have I got something on my face, SOLDIER?
  • #1,491
  • Oct 5, 2011 7:48am Oct 5, 2011 7:48am
Quoting bumapatria
im short now on silver. That jump was buyers trying to drive deep into bears territory before going back down. With US Data out now being positive for the usd, and silver on the overshoot on m5, and on supply i think this would be a great short.

i think.

added gold. Pinbar on supply, rejection to go higher, same story as silver.
Buma,
PA is not reliable during major news events. Probably 15 mins before and up to 30 mins after is a good time to sit on your hands.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,492
  • Oct 5, 2011 7:49am Oct 5, 2011 7:49am
Quoting PipTrapper
Buma,
PA is not reliable during major news events. Probably 15 mins before and up to 30 mins after is a good time to sit on your hands.
im not using pa much. i mean it all lines up, thats what im saying. news was released 30 mins ago.

so its safe no worries

i avoided that ugly jump by trading that, and countering it. on xau and xag.
Have I got something on my face, SOLDIER?
  • #1,493
  • Oct 5, 2011 7:50am Oct 5, 2011 7:50am
i tried looking at one of your charts Buma but it looks like a map of london underground but i am sure one of the lines will be positive. Anyway i too got in the silver fall and loaded up on it and did this instead of trading gold and i have to say i went off the initial rise after an inside bar lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,494
  • Oct 5, 2011 7:55am Oct 5, 2011 7:55am
billy u got a chart with ur analysis?

i want to see. and for the other traders too.
Have I got something on my face, SOLDIER?
  • #1,495
  • Oct 5, 2011 7:57am Oct 5, 2011 7:57am
here are mine:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold short.gif Size: 29 KB
Click to Enlarge Name: shorting silver.gif Size: 31 KB
Have I got something on my face, SOLDIER?
  • #1,496
  • Oct 5, 2011 8:08am Oct 5, 2011 8:08am
i had a low at 12-00 and the high was at 13-00. beacause i 'm ina rush they might be 15 minutes out because i set my ibs from different time . I am now out of silver lol i played with £4 pip and hit 32 pips . and i owe you one Buma for mentioning gold n silver yesterday lol. Actually if you remind me i got a story about some trader friends i know
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 112 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,497
  • Oct 5, 2011 8:14am Oct 5, 2011 8:14am
Quoting billytt
i had a low at 12-00 and the high was at 13-00. beacause i 'm ina rush they might be 15 minutes out because i set my ibs from different time . I am now out of silver lol i played with £4 pip and hit 32 pips . and i owe you one Buma for mentioning gold n silver yesterday lol. Actually if you remind me i got a story about some trader friends i know
ure like some inside bar master dude.
Have I got something on my face, SOLDIER?
  • #1,498
  • Oct 5, 2011 8:25am Oct 5, 2011 8:25am
That i am not, like i say i dont always trade ibs and they dont always come in but i dont have much experiance with silver and gold lol. its a pity with silver that the minimum buy is £2 a pip and minimum 25 pip buy/sell i reckon i'd clean up big time lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,499
  • Oct 5, 2011 8:33am Oct 5, 2011 8:33am
Ride the profit yeah...

bye bulls...


took a while for price to accumulate and hit again..
Attached Image (click to enlarge)
Click to Enlarge Name: oh yeah.gif Size: 29 KB
Have I got something on my face, SOLDIER?
  • #1,500
  • Oct 5, 2011 8:34am Oct 5, 2011 8:34am
i have been triggered on the e/u on an ib bar and at present it isnt going my way lol that is a sell . i was already on a sell from a while ago thats a sell too and that is ok but obviously carrying the latest sell
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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