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14 Year Old Forex Trader's Lessons

  • #1,961
  • Oct 10, 2011 6:32am Oct 10, 2011 6:32am
Quoting Myrza
Hey little guy.
Just a little piece of advvice from this old guy.
Supply and demand is essential in trading but it is not the holy grail.
Every SD still needs confirmation b4 pulling the trigger.
What confirmation do you look for?
1. engulfing bar
2. retaking of the breakup or breakdown
3 dont throw away those MA...we still need them for direction
The best MA are 50sma and 200ema and the best is 34 ema channel(close/high/low)..play around with it.
4. Look at the bigger picture

Keep it up ..you have the passion.
I wish my boy is as passionate...
Myrza!!! i miss ur panda avatar. I dont trade s/d solely. i trade psycho levels. i was right on that one, but didnt take profits. i see an opp that i would get back with profit or even breakeven, i would take it. if u see my chart, i just use lines to determine market psychology around specific levels. not only s/d lol. i would die like that.

its all psychology of market for me. I predicted up move at beginning of session and closed early for safety reasons.

I also posted of how they would be buying euro to play tricks on the market. not happening with me, i dont get fooled easily. i am not being complacent or disregarding fluctuation but to me market is psychological. ill check tommorow to see p/l.

Lol myrza, ure great man! stay in tuned
Have I got something on my face, SOLDIER?
  • #1,962
  • Oct 10, 2011 6:34am Oct 10, 2011 6:34am
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 111 KB

check the 15 min barsi would short on 13577
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,963
  • Oct 10, 2011 6:35am Oct 10, 2011 6:35am
Quoting PipTrapper
yes looks like full flag to me now
Yes I think she run out of gas a bit, but I do not think she is going down either.
She barley touch the ema.

mla
Attached Image (click to enlarge)
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"The Heart is the hub of all dances; go there and chill out"
  • #1,964
  • Oct 10, 2011 6:41am Oct 10, 2011 6:41am
definite impulse. wave is on.
lets go surfing!

from $90 - $71 means something...

MORE BULLISH MOMENTUM!


nah, the opposite.

ADD: 60$.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #1,965
  • Oct 10, 2011 6:41am Oct 10, 2011 6:41am
Quoting mla
Yes I think she run out of gas a bit, but I do not think she is going down either.
She barley touch the ema.

mla
And just as you say that...
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #1,966
  • Oct 10, 2011 6:41am Oct 10, 2011 6:41am
I am out of here, she is too slow for my taste.

All the best.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,967
  • Oct 10, 2011 6:43am Oct 10, 2011 6:43am
Quoting mla
I am out of here, she is too slow for my taste.

All the best.

mla
later mla. Have a great day
and thanks
Those who say it cannot be done should not interrupt those who are doing it
  • #1,968
  • Oct 10, 2011 6:43am Oct 10, 2011 6:43am
Quoting billytt
Attachment
check the 15 min barsi would short on 13577
thank you so much billy. i appreciate it

fianlly... can u do this from now on?

thanks billy, thanks for listening

Have I got something on my face, SOLDIER?
  • #1,969
  • Oct 10, 2011 6:44am Oct 10, 2011 6:44am
momentum with bears. all it takes is one more day or some hours for the real impulse of the bull momentum.
Have I got something on my face, SOLDIER?
  • #1,970
  • Edited 4:30pm Oct 10, 2011 6:45am | Edited 4:30pm
Quoting PipTrapper
And just as you say that...
Yes, she is making fun out of me

That is not fair.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,971
  • Oct 10, 2011 6:47am Oct 10, 2011 6:47am
ima eat dinner now, so guys here is my login info to alpari and pass please one of you check it up for monitoring the p/l

username: you really thought
password: i would give you the user and pass?!



im onto a winner here.
Have I got something on my face, SOLDIER?
  • #1,972
  • Oct 10, 2011 6:52am Oct 10, 2011 6:52am
your costing me money lol. like i said i trade at certain times and at this moment i am in no trades. i was looking at silver but i can only get 1 hour and 30 min charts due to broker stopping my shorter time frames beacause it looks like we may have fun with silver
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,973
  • Oct 10, 2011 7:00am Oct 10, 2011 7:00am
Anyone playing with the idea of shorting there?

Very improbable that it will reach that lvl today but maybe tomorrow? I expect a heavy sell off to at least 1.3480 or even 3200 to make a D1 double bottom within this week.

According to that it should be a "valid" choice to play long until price has reached 3690. Long @ let's say 3525 with 3690 as its tp?
Do we have a deal?
  • #1,974
  • Oct 10, 2011 7:08am Oct 10, 2011 7:08am
I am in long, made 13 pips covered half moved Sl to BE.

mla
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 127 KB
"The Heart is the hub of all dances; go there and chill out"
  • #1,975
  • Oct 10, 2011 7:10am Oct 10, 2011 7:10am
Quoting mla
I am in long, made 13 pips covered half moved Sl to BE.

mla
wrong pic
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 25 KB
"The Heart is the hub of all dances; go there and chill out"
  • #1,976
  • Oct 10, 2011 7:14am Oct 10, 2011 7:14am
Quoting mla
I am in long, made 13 pips covered half moved Sl to BE.

mla
if i were u, which i certainly am not, i would nt. this is the cluster level aka accumulation. momentum could go either side. If you have taken ur side fair enough.

u got be stop loss so its tottaly fine to do tht

possible eli wave analysis. black waves are 1st analysis, red waves are 2nd.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #1,977
  • Oct 10, 2011 7:16am Oct 10, 2011 7:16am
Quoting bumapatria
if i were u, which i certainly am not, i would nt. this is the cluster level aka accumulation. momentum could go either side. If you have taken ur side fair enough.

u got be stop loss so its tottaly fine to do tht

possible eli wave analysis. black waves are 1st analysis, red waves are 2nd.
What language are you talking?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,978
  • Oct 10, 2011 7:18am Oct 10, 2011 7:18am
Quoting mla
What language are you talking?

mla
..elliot wave?

which i hate. but some traders will find use to it.
Have I got something on my face, SOLDIER?
  • #1,979
  • Oct 10, 2011 7:21am Oct 10, 2011 7:21am
Quoting bumapatria
..elliot wave?

which i hate. but some traders will find use to it.
I feel so sorry for them.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,980
  • Oct 10, 2011 7:26am Oct 10, 2011 7:26am
Why i say i never lose is that i can never be beat down and not climb back up again. no matter how hard anythign hits me, ill get back up. i always do and i will here. im still in the margin of risk i can play around.
Have I got something on my face, SOLDIER?
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