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14 Year Old Forex Trader's Lessons

  • #2,041
  • Oct 11, 2011 3:06am Oct 11, 2011 3:06am
thank you for your kind words Buma but at the rate you are going.
i have much respect for YOU.

i do not want to take credit, for my calmness, it is my job to be calm when every one panics. to show confidence in my decisions and act swiftly and decisively with my patients.

thinking on my feet and teaching, being the rock when, the families are crumbling that is my job in my field, i cannot panic over some measly losses, objectivity and prudence.

yesterday i should not have been so impetuous now i shall troubleshoot.

let this be a lesson learned on not imposing optical illusions on the charts and if one does not know what is presented, or does know but ignores the signals, in deep doo doo we shall find ourselves
AVT INVENIAM VIAM AVT FACIAM
  • #2,042
  • Oct 11, 2011 3:07am Oct 11, 2011 3:07am
eu debt crisis summit delayed.
Have I got something on my face, SOLDIER?
  • #2,043
  • Oct 11, 2011 3:10am Oct 11, 2011 3:10am
Quoting the redlion
thank you for your kind words Buma but at the rate you are going.
i have much respect for YOU.

i do not want to take credit, for my calmness, it is my job to be calm when every one panics. to show confidence in my decisions and act swiftly and decisively with my patients.

thinking on my feet and teaching, being the rock when, the families are crumbling that is my job in my field, i cannot panic over some measly losses, objectivity and prudence.

yesterday i should not have been so impetuous now i shall troubleshoot.

let this be a lesson learned...
lol, doo doo.

Said wisely red
Have I got something on my face, SOLDIER?
  • #2,044
  • Oct 11, 2011 3:12am Oct 11, 2011 3:12am
Silver short, eu short, dow short in the green.

will show charts with live trades soon, once there is a stability in the profit.
Have I got something on my face, SOLDIER?
  • #2,045
  • Oct 11, 2011 3:15am Oct 11, 2011 3:15am
Wtf

credit agricole vice chairman: dont need capital injections.
Have I got something on my face, SOLDIER?
  • #2,046
  • Oct 11, 2011 3:26am Oct 11, 2011 3:26am
Quoting bumapatria
its called a controlled loss.
yes i did lose.

but i never 'lose'.
Don't just beat the markets, leave bruises.
  • #2,047
  • Oct 11, 2011 3:28am Oct 11, 2011 3:28am
Quoting Motion
you do realize what i mean right?

haha, i can lose money, i can lose an arm, i can lose this that hogwash, bananas,

but i never lose.
Have I got something on my face, SOLDIER?
  • #2,048
  • Oct 11, 2011 3:30am Oct 11, 2011 3:30am
silver finding supoort?
rejection?

well see.
Attached Image (click to enlarge)
Click to Enlarge Name: silver trade.gif Size: 29 KB
Have I got something on my face, SOLDIER?
  • #2,049
  • Oct 11, 2011 3:32am Oct 11, 2011 3:32am
BOE supports QE.
Have I got something on my face, SOLDIER?
  • #2,050
  • Oct 11, 2011 3:35am Oct 11, 2011 3:35am
screw yesterday,
Im going profits now. heavy, heavy, heavy.

gbp/usd 30 pips below open.
Have I got something on my face, SOLDIER?
  • #2,051
  • Oct 11, 2011 3:36am Oct 11, 2011 3:36am
Quoting bumapatria
Silver short, eu short, dow short in the green.

will show charts with live trades soon, once there is a stability in the profit.
hey Buma, really don't have so much time for FF but just couldn't ignore this post. You really need to lead your thread by example. You don't have to wait for your profit to be stable before you post charts. Remember you wanted 'billyt' or what's his username to post charts too. You don't have to post winning trades only. Just post your charts and give reasons why. That way, you could be lucky sometimes to get good advice on your trades just the same way I warned you on your shorts yesterday and it's good to know they were controlled. Show your profits and losses. Both are your responsibility.

Just my own simple opinion.
Don't just beat the markets, leave bruises.
  • #2,052
  • Oct 11, 2011 3:53am Oct 11, 2011 3:53am
@motion
okay sure.

here is eu.
here is dow.
here is silver
Attached Image (click to enlarge)
Click to Enlarge Name: yup baby.gif Size: 82 KB
Have I got something on my face, SOLDIER?
  • #2,053
  • Oct 11, 2011 4:31am Oct 11, 2011 4:31am
rescue implemented and successful with profit, buma can attest to that as i was talking to him real time
AVT INVENIAM VIAM AVT FACIAM
  • #2,054
  • Oct 11, 2011 4:36am Oct 11, 2011 4:36am
Quoting the redlion
rescue implemented and successful with profit, buma can attest to that as i was talking to him real time
fucking hell this guy deserves the medal of honor or some shit.. FUCK how does he do it?

i can rescue closed trades, but opne ones, thats ahigher level of skill.

Have I got something on my face, SOLDIER?
  • #2,055
  • Oct 11, 2011 4:40am Oct 11, 2011 4:40am
Quoting the redlion
rescue implemented and successful with profit, buma can attest to that as i was talking to him real time
Is it possible to see a pic?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,056
  • Edited 1:11pm Oct 11, 2011 4:50am | Edited 1:11pm
sorry mla real time picture would have been catastrophic as it would have slowed me down, however buma is my witness.

here is a hindsight picture, i look at QUOTES so i can see when the market stalls and when it breaks through i told buma 1.3420 is key

it broke through it bounced and the quotes confirmed diminished buying pressure, usually after a breakthrough there is a bounce so i took the opportunity, to salvage my losing trade as i saw the BID flooring i bailed with a good profit

Attached Image (click to enlarge)
Click to Enlarge Name: rescue.png Size: 23 KB
AVT INVENIAM VIAM AVT FACIAM
  • #2,057
  • Oct 11, 2011 5:00am Oct 11, 2011 5:00am
here is the blotter i requested from my broker hopefully you can make sense of it
Attached Image (click to enlarge)
Click to Enlarge Name: my blotter.PNG Size: 10 KB
AVT INVENIAM VIAM AVT FACIAM
  • #2,058
  • Oct 11, 2011 5:03am Oct 11, 2011 5:03am
Quoting the redlion
sorry mla real time picture would have been catastrophic as it would have slowed me down, however buma is my witness.

here is a hindsight picture, i look at QUOTES so i can see when the market stalls and when it breaks through i told buma 1.20 is key

it broke through it bounced and the quotes confirmed diminished buying pressure, usually after a breakthrough there is a bounce so i took the opportunity, to salvage my losing trade as i saw the BID flooring i bailed with a good profit

Attachment
So let me understand. Yesterday you went short, and you went -100 pips.
Just now you shorted again at the rescue level and you closed at the closed level to recover your old -100 pips ( of course more contracts because from rescue to close is less than hundred pips). Is that right? and what is the key floor level?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,059
  • Oct 11, 2011 5:06am Oct 11, 2011 5:06am
correct MLA i averaged down close to market when i saw the opportunity the skew had to account for the loss and the pips against me, i was 8,000 down so by calculation i needed 30,000.

got the opportunity, pulled the trigger and bailed out with profit on my underwater position
AVT INVENIAM VIAM AVT FACIAM
  • #2,060
  • Oct 11, 2011 5:08am Oct 11, 2011 5:08am
the floor is the resistance mla usually after a breakthrough we see a bounce, i looked when the quotes stop eating liquidity on the ASK once the price was matching heavy on the BID i pulled the trigger, as the Frenzy slowed down i bailed.
AVT INVENIAM VIAM AVT FACIAM
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