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14 Year Old Forex Trader's Lessons

  • #1,541
  • Oct 6, 2011 4:50am Oct 6, 2011 4:50am
Quoting PipTrapper
???

sorry PT,

i was a little bit upset of my trades going to BE, but at least its free, and no slippage lol.

sorry,

ill not swear.

i wasnt insulting him

but anyways..
Have I got something on my face, SOLDIER?
  • #1,542
  • Oct 6, 2011 4:51am Oct 6, 2011 4:51am
Quoting bumapatria
i was live, blew the account due to little knowledge of true price action trading, market geometry, psychology ,sentiment, fluctuation, etc.

Now im demo, with 1 account no replacement. with all the knowledge i learnt, so far i see progress not using stupid indicators except my trusty ichimoku.

In demo i start with $300, and went to 1000 in a month using micro lots. It dropped to 180, lol because i was trading silver and gold with silver no sl and gold sl slippage lol, and i left it when i went to jiujitsu class

now its bak to...

Youre not alone, I reckon i have done it all myself once...

When I was younger I got some serious help when I only used limit orders, cause I like to be in a position... Remember its better to look in picking trades than being in hoping for it to solve...

You also have time to do other stuff if you use them...

Read part 4
http://www.bjmath.com/bjmath/thorp/tog.htm

I wish you luck and hang in there, you will never go back
  • #1,543
  • Oct 6, 2011 4:55am Oct 6, 2011 4:55am
will read the link

thanks mate,

um... about limit orders,
how do you know something might happen at ur level and for it to be profitable?

i used to use them on small scalps of 40 pips, but never used it for bigger trades.

what are your tips?

thank you
Have I got something on my face, SOLDIER?
  • #1,544
  • Oct 6, 2011 4:57am Oct 6, 2011 4:57am
stop loss at +2, now lets all chill, the volatility is gone for now.
also guys, watch for the News on england that would affect GBP/USD.

Just something to watch for
Have I got something on my face, SOLDIER?
  • #1,545
  • Oct 6, 2011 5:16am Oct 6, 2011 5:16am
i apologize for my use of profanity.



I was too emotional on my profit trades going to zero. Breakeven.

Well, trade with no emotion they say?

okay.
Have I got something on my face, SOLDIER?
  • #1,546
  • Oct 6, 2011 6:01am Oct 6, 2011 6:01am
wow... cable gapped in my broker for 100 pips.. damn.
Have I got something on my face, SOLDIER?
  • #1,547
  • Oct 6, 2011 6:13am Oct 6, 2011 6:13am
billy did u trade that gap?

It didnt even show on my 1 minute chart!!!

i had a short on GU, but closed it to be safe. no one knew what would've happend so i went safe

anyone who traded that wouldve got rich, and even richer in 1 minute or less.
Have I got something on my face, SOLDIER?
  • #1,548
  • Oct 6, 2011 6:20am Oct 6, 2011 6:20am
no Buma i didn't , i am back to trading my normal way and just playing with gold and silver lol. having said that,,, that big drop g/u did follow an inside bar lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,549
  • Oct 6, 2011 6:28am Oct 6, 2011 6:28am
Quoting billytt
no Buma i didn't , i am back to trading my normal way and just playing with gold and silver lol. having said that,,, that big drop g/u did follow an inside bar lol
hehe...
u and inside bars

so u went long on gold?
its rising like *gulp*

i missed it, i was short on eu
well were near 1.3300. definitely a massive psychological number. Im safe on this one, as long as slippage wont kill me.

lets watch out for the move next on trichet.
that would create even more immense moves on all majors.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 20 KB
Have I got something on my face, SOLDIER?
  • #1,550
  • Oct 6, 2011 6:36am Oct 6, 2011 6:36am
billy, silver's dropping.
Have I got something on my face, SOLDIER?
  • #1,551
  • Oct 6, 2011 6:37am Oct 6, 2011 6:37am
our bank of england didnt lower inerest rates so i think this may of had an effect on that drop lol. i'm not really a news watcher but hay ho. as for gold n silver i been buying n selling niiiiiice
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,552
  • Oct 6, 2011 6:42am Oct 6, 2011 6:42am
Quoting billytt
our bank of england didnt lower inerest rates so i think this may of had an effect on that drop lol. i'm not really a news watcher but hay ho. as for gold n silver i been buying n selling niiiiiice
u selling silver now?
nice pips drop now
Have I got something on my face, SOLDIER?
  • #1,553
  • Oct 6, 2011 6:46am Oct 6, 2011 6:46am
its the monthly high on silver
sell?

the horizontal lines show the monthly highs and lows.

What do u think billy?

theres news coming so i wouldnt trade this now.
Have I got something on my face, SOLDIER?
  • #1,554
  • Oct 6, 2011 6:48am Oct 6, 2011 6:48am
yes, i just got out .i caught silver going up then sold on the turn and drop. its a pity i have to buy/sell minimum of 25 pips at £2, but hey ho the pips are coing to daddy
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,555
  • Oct 6, 2011 6:48am Oct 6, 2011 6:48am
well im selling gold and silver.

rates unchanged.
Have I got something on my face, SOLDIER?
  • #1,556
  • Oct 6, 2011 6:51am Oct 6, 2011 6:51am
I love redlion's say to me:

fundies are why they happen,
technicals are how they happen.



thanks red, u helped me get many good pips as many others who helped me
Have I got something on my face, SOLDIER?
  • #1,557
  • Oct 6, 2011 6:51am Oct 6, 2011 6:51am
Hi Buma, i am not here to say what i think what will happen because no one knows. its the people who make the market who make it go. Are our charts the same because my chart doesnt say silver is near the monthly high
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,558
  • Oct 6, 2011 6:56am Oct 6, 2011 6:56am
yes Buma,, Redlion is right when he says Fundamentals rule, but i remember speaking to a big trader who i looked after several years ago and he said quote,, the markets are normally adjusted already before the news happens its the unexpected stuff that rocks the boat.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,559
  • Oct 6, 2011 6:57am Oct 6, 2011 6:57am
Quoting billytt
Hi Buma, i am not here to say what i think what will happen because no one knows. its the people who make the market who make it go. Are our charts the same because my chart doesnt say silver is near the monthly high
lol i just ask for ur analysis/prediction, not what you know or dont

its near monthly high on mine, since its october, and its just a little bullish baby candle compared to the massive bearish candle last month.

i just asked for your analysis
Have I got something on my face, SOLDIER?
  • #1,560
  • Oct 6, 2011 7:00am Oct 6, 2011 7:00am
Quoting billytt
yes Buma,, Redlion is right when he says Fundamentals rule, but i remember speaking to a big trader who i looked after several years ago and he said quote,, the markets are normally adjusted already before the news happens its the unexpected stuff that rocks the boat.
true oh true.
Have I got something on my face, SOLDIER?
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