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14 Year Old Forex Trader's Lessons

  • #2,021
  • Oct 11, 2011 12:49am Oct 11, 2011 12:49am
Quoting Pbh
Copy from the EurAnalysis thread:

Lovely day upcoming

We are still having some good comments coming around:

"FinMin Azumi: EZ stability will stop Yen rise"
*haha, really? From this stupid comment I expect no more interventions from the BoJ

"NAB Business confidence suprisingly resilient"
*surprisingly... I couldn't say it better

The main move of the market today, should be the one made after Trichet speaks. I'll be honest with you... I'm gonna miss this guy... He gave me a lot of trading opportunities in the...
Phb

I think you are good trader, this morning (my time) you were short, you made profit and know you are long.

I am long as well.

mla
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"The Heart is the hub of all dances; go there and chill out"
  • #2,022
  • Oct 11, 2011 12:56am Oct 11, 2011 12:56am
Quoting bumapatria
From psychological standpoint of the big game players, your analysis is highly possible yet not possible at the same time. Since the FED wants a weaker dollar, not a stronger one, perhaps they could do so here. What worries me about going long though, is the fact that it was all old-school stuff yesterday: exploitation. The bulls saw a weakness with the bears having to do with the holiday and what makes people [b]buy yesterday was the 'excuses' of italian, french production, german, basically EZ numbers in the positive. They were playing...
Buma

Please do not get lost into words, this guy is doing the right thing, is looking at the chart, he is feeling the pulse, like RedLion,GoldMan and myself.
By now he already moved his SL to BE, he is nimble. All the rest is just politics.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,023
  • Oct 11, 2011 1:07am Oct 11, 2011 1:07am
Quoting mla
Buma

Please do not get lost into words, this guy is doing the right thing, is looking at the chart, he is feeling the pulse, like RedLion,GoldMan and myself.
By now he already moved his SL to BE, he is nimble. All the rest is just politics.

mla
My pulse says something else.
Have I got something on my face, SOLDIER?
  • #2,024
  • Oct 11, 2011 1:18am Oct 11, 2011 1:18am
Gained 28 pips, covered half, SL to BE.

mla
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"The Heart is the hub of all dances; go there and chill out"
  • #2,025
  • Oct 11, 2011 1:27am Oct 11, 2011 1:27am
Quoting mla
Gained 28 pips, covered half, SL to BE.

mla
Sweet, but right now im not into scalping.
Im not into taking small moves.
Have I got something on my face, SOLDIER?
  • #2,026
  • Oct 11, 2011 1:34am Oct 11, 2011 1:34am
Quoting bumapatria
Sweet, but right now im not into scalping.
Im not into taking small moves.
Just do what you have to do.

2 lot stopped at BE

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,027
  • Oct 11, 2011 1:35am Oct 11, 2011 1:35am
Im done making mistakes.


Ive been hunting but not killing.

I am bloodthirsty for some good profit.
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Have I got something on my face, SOLDIER?
  • #2,028
  • Oct 11, 2011 1:40am Oct 11, 2011 1:40am
8 more points and im in the green zone for dow.
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Have I got something on my face, SOLDIER?
  • #2,029
  • Oct 11, 2011 1:56am Oct 11, 2011 1:56am
3 more points.
Have I got something on my face, SOLDIER?
  • #2,030
  • Oct 11, 2011 2:11am Oct 11, 2011 2:11am
all profit.

willshow results later.
15+ silver
4+ eu.
7+ dow
Have I got something on my face, SOLDIER?
  • #2,031
  • Oct 11, 2011 2:26am Oct 11, 2011 2:26am
Hi traders hope your all making pips. I'm on blackberry and cannot to broker so had to borrow another phone to trade lol. I believe blackberry having some sort of problems. I'm in london for a few days without the laptop take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,032
  • Oct 11, 2011 2:37am Oct 11, 2011 2:37am
hey buma,

what happened to your shorts from yesterday on e/u?

i assume you have taken a loss on them

(if you posted what you did, then sorry for asking, but i could not see it)

h2
  • #2,033
  • Oct 11, 2011 2:45am Oct 11, 2011 2:45am
Quoting billytt
Hi traders hope your all making pips. I'm on blackberry and cannot to broker so had to borrow another phone to trade lol. I believe blackberry having some sort of problems. I'm in london for a few days without the laptop take care
why didnt u bring ur laptop?
oh yeah laptops arent portable i forgot..


good luck with ur trades.. if u can trade.
Have I got something on my face, SOLDIER?
  • #2,034
  • Oct 11, 2011 2:51am Oct 11, 2011 2:51am
Quoting highlander2
hey buma,

what happened to your shorts from yesterday on e/u?

i assume you have taken a loss on them

(if you posted what you did, then sorry for asking, but i could not see it)

h2
its called a controlled loss.
yes i did lose.

but i never 'lose'.
Have I got something on my face, SOLDIER?
  • #2,035
  • Oct 11, 2011 2:52am Oct 11, 2011 2:52am
euro banks are in the red.

selling activity.

alphabank, capital bank

red.
Have I got something on my face, SOLDIER?
  • #2,036
  • Oct 11, 2011 2:57am Oct 11, 2011 2:57am
Trichet: there needs to clear decision on recapitalization.

My reaction: more delay, more slower repair.

6 pips below daily open.

EFSF needs to be as flexible as possbile.

so it feckin aint.

my sell orders are waiting.
Have I got something on my face, SOLDIER?
  • #2,037
  • Oct 11, 2011 2:59am Oct 11, 2011 2:59am
Dow futures down by quarter of a percent, S&P futures down by third of a percent.

FTSE down half a percent, DAX, down by a third, CAC 40 down by 6/tenths of a percent.



Its all slovakia now that can move the markets.

Trichet: Crisis has hit systemic dimension.
Have I got something on my face, SOLDIER?
  • #2,038
  • Oct 11, 2011 3:00am Oct 11, 2011 3:00am
I am finally home, busy day today, many patients to see.....


let me see where are we at.....

European equities, down
Trichet speech full of nothing
euro looking bearish on hourly chart with a 70 volatility range, Asia failed to move this baby higher, and lets see what europe has to offer.

remember my average is at 1.3509 that is +100 pips underwater and feeling the heat, i got to use my ammo wisely. nice opportunities i saw here, wish i would have been infront of the computer 1.3650 and 1.3672 brought good rescue opportunities.

Alas... let's be strategic about this one till she shows hand
1.3620 is the floor.
AVT INVENIAM VIAM AVT FACIAM
  • #2,039
  • Oct 11, 2011 3:03am Oct 11, 2011 3:03am
Slovakia coalition divided over fund.
Have I got something on my face, SOLDIER?
  • #2,040
  • Oct 11, 2011 3:05am Oct 11, 2011 3:05am
Quoting the redlion
I am finally home, busy day today, many patients to see.....


let me see where are we at.....

European equities, down
Trichet speech full of nothing
euro looking bearish on hourly chart with a 70 volatility range, Asia failed to move this baby higher, and lets see what europe has to offer.

remember my average is at 1.3509 that is +100 pips underwater and feeling the heat, i got to use my ammo wisely. nice opportunities i saw here, wish i would have been infront of the computer 1.3650 and 1.3672 brought good rescue opportunities.

Alas... let's...
you think 3620 is where the bottom is? for now its accumulation. Once the US opens.

Havoc for bulls.
Have I got something on my face, SOLDIER?
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