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14 Year Old Forex Trader's Lessons

  • #2,121
  • Oct 11, 2011 4:50pm Oct 11, 2011 4:50pm
hey mla are you a guy or a girl, im just curious,
AVT INVENIAM VIAM AVT FACIAM
  • #2,122
  • Oct 11, 2011 4:53pm Oct 11, 2011 4:53pm
Quoting the redlion
hey mla are you a guy or a girl, im just curious,
red..
remember skype?
Have I got something on my face, SOLDIER?
  • #2,123
  • Oct 11, 2011 4:54pm Oct 11, 2011 4:54pm
Quoting the redlion
hey mla are you a guy or a girl, im just curious,
RedLion

Sorry I have two huge balls for the girls delight.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,124
  • Oct 11, 2011 4:57pm Oct 11, 2011 4:57pm


duly noted, lol, just the name looks too much like mia,
AVT INVENIAM VIAM AVT FACIAM
  • #2,125
  • Oct 11, 2011 5:11pm Oct 11, 2011 5:11pm
Quoting the redlion


duly noted, lol, just the name looks too much like mia,
MLA, my initials.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,126
  • Oct 11, 2011 6:05pm Oct 11, 2011 6:05pm
Hi everone I'm still here lol. I won't say how I traded becausebi cannot post charts on blackberry. And I'm having trouble with it. I notice how I can read between the lines of what our real traders are saying. I'll try and get into a net cafe and send some charts. Happy tradind happy days
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,127
  • Oct 11, 2011 7:54pm Oct 11, 2011 7:54pm
the bulls have taken to retreat on the Euro now, funny Monday did not carry over to tuesday and seeing the Asia open, the market is showing bearish sentiment. safer to short rallies, use stops if longing and make them a quick snipe.

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AVT INVENIAM VIAM AVT FACIAM
  • #2,128
  • Oct 11, 2011 8:11pm Oct 11, 2011 8:11pm
Hello all.
I have been looking over this forum now for about a week and have read through most of it. First off I would like to thank all those who have given their knowledge on here. I have taken all of it and am now working on applying it in my trading. I have for a while now been looking for a strategy that uses no indicators and after going through this forum, I have now found the strategy I want to use. Now after reading through it, I have some questions.
1. The first has to do with trading with supply and demand areas. I understand how these areas can be used to make profit. I understand that when there is a lot of supply, price falls. And when there is a lot of demand, price rises. However, I am still struggling on finding these areas when looking at a chart. (the two charts I am looking at is only the EUR/USD and the GBP/USD). So anyone got advice on spotting these so I can trade these areas?
2. Also are there threads were the fakey chart formation is discussed?
3. Also would like to know where, if there is, threads were intraday and day trading are discussed.

So I will start with these questions and go from here.
Thanks and Happy Trading everyone!
AAW
  • #2,129
  • Oct 11, 2011 8:25pm Oct 11, 2011 8:25pm
Quoting the redlion
the bulls have taken to retreat on the Euro now, funny Monday did not carry over to tuesday and seeing the Asia open, the market is showing bearish sentiment. safer to short rallies, use stops if longing and make them a quick snipe.

Attachment

Attachment
I just came back, very unusual move for this time of the day. What Happened? I would not go against this unless there will be a breakout of the bearish trendline and then a test of the extreme occurred before the break.

I will be looking to short around the ema

mLa
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"The Heart is the hub of all dances; go there and chill out"
  • #2,130
  • Oct 11, 2011 8:28pm Oct 11, 2011 8:28pm
i think the sizes on the Ask are not as many anymore some are covering longs, seems like somes stops got tripped as well, and a lot of big players and manipulators might be or already took profits, seems like down we go, i am awaiting a safe short entrance
AVT INVENIAM VIAM AVT FACIAM
  • #2,131
  • Oct 11, 2011 8:37pm Oct 11, 2011 8:37pm
Great advice on the EURJPY to go with the EURUSD short.

From an article in my news feed, sorry no link:

0116 GMT [Dow Jones] The EUR/USD falls as investors take cues from falling Japan share prices, says Daiwa SB Investments senior dealer Kenichiro Ikezawa. The pair is last at 1.3600 and he tips support for now at 1.3550. "It looks like euro gains earlier this week were just position adjustments and investors in general believe the euro will remain bearish due to the European debt problems." The EUR/JPY is at 104.31 and dealers say the cross may fall to 104.00. ([email protected])
  • #2,132
  • Edited 10:19pm Oct 11, 2011 10:00pm | Edited 10:19pm
Quoting huskyboy
he is reading FTI' posts i guess, dont know why because he has a great trading style already
Thanks for you comment.
We need always to learn my friend, always, that is our edge.

mLa
"The Heart is the hub of all dances; go there and chill out"
  • #2,133
  • Oct 11, 2011 11:35pm Oct 11, 2011 11:35pm
The aftermath of eur-jpy short. price tag is where we both entered

I analyze it back and entered at the price tag. Ntrprz, took the trade as well, i was with him on skype, and he was amazed with the results

my maximum risk is always 10 pips on average per trade taken, and that is rarely hit

Low-risk, high reward.
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Have I got something on my face, SOLDIER?
  • #2,134
  • Oct 11, 2011 11:44pm Oct 11, 2011 11:44pm
Quoting mla
I just came back, very unusual move for this time of the day. What Happened? I would not go against this unless there will be a breakout of the bearish trendline and then a test of the extreme occurred before the break.

I will be looking to short around the ema

mLa
@Mla,

broken bulish trendline tested and the swing high is already there, so taking a trade now would be low risk anyway.
i am taking this trade right now. a wave of abc correction in my perspective, and 15 pips stop loss above supply and resistance and psych level.
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Have I got something on my face, SOLDIER?
  • #2,135
  • Oct 11, 2011 11:48pm Oct 11, 2011 11:48pm
Quoting bumapatria
@Mla,

broken bulish trendline tested and the swing high is already there, so taking a trade now would be low risk anyway.
i am taking this trade right now. a wave of abc correction in my perspective, and 15 pips stop loss above supply and resistance and psych level.
Buma, I am kind of drunk. So in nutshell, are you going short or long?
The Thief of Wall Street
  • #2,136
  • Oct 11, 2011 11:50pm Oct 11, 2011 11:50pm
Quoting Chicky
Buma, I am kind of drunk. So in nutshell, are you going short or long?
short lol, chicky, how can u be the custodian of the holy grail DRUNK?!



please view chart and previous post chicks

Have I got something on my face, SOLDIER?
  • #2,137
  • Oct 11, 2011 11:53pm Oct 11, 2011 11:53pm
Quoting bumapatria
@Mla,

broken bulish trendline tested and the swing high is already there, so taking a trade now would be low risk anyway.
i am taking this trade right now. a wave of abc correction in my perspective, and 15 pips stop loss above supply and resistance and psych level.
Yes, I was thinking about that too.

I meant to go short at the 20 ema, but did not like the PA, and I was right.
Now, she has formed higher highs and higher lows and I am not sure about shorting at the moment. Asian time where liquidity is low, there are many stop runs, so I decided to enter trades not before Frankfurt open. Less hours on the screen makes me focus better. I hope the trade goes in your direction.
In this business there are a lot of influences, being able to take your trades on your own thinking is vital.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,138
  • Oct 11, 2011 11:55pm Oct 11, 2011 11:55pm
Quoting mla
Yes, I was thinking about that too.

I meant to go short at the 20 ema, but did not like the PA, and I was right.
Now, she has formed higher highs and higher lows and I am not sure about shorting at the moment. Asian time where liquidity is low, there are many stop runs, so I decided to enter trades not before Frankfurt open. Less hours on the screen makes me focus better. I hope the trade goes in your direction.
In this business there are a lot of influences, being able to take your trades on your own thinking is vital.

mla

Thanks mla,
and as influential as it gets, that sentence was:
being able to take your trades on your own thinking is vital.
Thats why i took them. I finally have a confidence in myself. i dont overtrade anymore, i am very happy about it too.
Have I got something on my face, SOLDIER?
  • #2,139
  • Oct 11, 2011 11:57pm Oct 11, 2011 11:57pm
Quoting bumapatria
short lol, chicky, how can u be the custodian of the holy grail DRUNK?!



please view chart and previous post chicks

But in my view the bullish TL is not broken yet.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,140
  • Oct 11, 2011 11:58pm Oct 11, 2011 11:58pm
Quoting mla
But in my view the bullish TL is not broken yet.

mla
10,000 people can draw not the same, but almost maybe 100,000 trendlines all over the damn place lol. it was not on where most people would put it which was on that low.
Have I got something on my face, SOLDIER?
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