14 Year Old Forex Trader's Lessons | Page 112 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Journey Of An 18 Year Old FX Trader 16 replies

How old are you, trader? 54 replies

old trader but new learner 4 replies

Attachments: 14 Year Old Forex Trader's Lessons
Exit Attachments

14 Year Old Forex Trader's Lessons

  • #2,221
  • Oct 12, 2011 4:12am Oct 12, 2011 4:12am
Quoting GoldMan.
No need to search logic behind this jump, just follow the move and don't try to predict the top. There is no reason to sell it yet.
that is missing real llogic goldman.

we know what is going on, we need to know why.

the dillema isnt whats going on. we dont know something we should.
Have I got something on my face, SOLDIER?
  • #2,222
  • Oct 12, 2011 4:15am Oct 12, 2011 4:15am
speaking profit, i closed out the sell order, letting this one on the buy.
Have I got something on my face, SOLDIER?
  • #2,223
  • Oct 12, 2011 4:16am Oct 12, 2011 4:16am
Repost from EurAnalysis...

look at these currency index charts

This is clearly USD bear action and not necessarily EUR bulls.

Looks like Fool was bang on with his comments about back door QE3 using USDs to fund euro bank liquidity measure.
Trichet was talking it up while he was swapping the Fed's USDs for Euros.
Sneaky intervention.

OOps for got the link http://www.finviz.com/futures_charts...URRENCIES&p=h1
Those who say it cannot be done should not interrupt those who are doing it
  • #2,224
  • Oct 12, 2011 4:16am Oct 12, 2011 4:16am
Quoting bumapatria
that is missing real llogic goldman.

we know what is going on, we need to know why.

the dillema isnt whats going on. we dont know something we should.
We live in the crisis, markets are manipulated up and down so it is just better to only look what charts say.
  • #2,225
  • Oct 12, 2011 4:19am Oct 12, 2011 4:19am
Quoting GoldMan.
We live in the crisis, markets are manipulated up and down so it is just better to look what charts say.
insider stuff. quiet and stealthy.
read piptrappers repost.
Have I got something on my face, SOLDIER?
  • #2,226
  • Oct 12, 2011 4:21am Oct 12, 2011 4:21am
Quoting bumapatria
insider stuff. quiet and stealthy.
read piptrappers repost.
  • #2,227
  • Oct 12, 2011 4:22am Oct 12, 2011 4:22am
till then im long.

3950. stop loss at breakeven, im 20 up.

gann's square of nine already shown this, but lol didnt use it till now.

bias is desrcutive for me.
Attached Image (click to enlarge)
Click to Enlarge Name: impossible.gif Size: 17 KB
Have I got something on my face, SOLDIER?
  • #2,228
  • Oct 12, 2011 4:25am Oct 12, 2011 4:25am
I see too many people here trying to predict the tops and searching the reason from the news, it is better to close all your news informasion, look at the charts only and you will be always first one in the trade before any news give you information.
  • #2,229
  • Oct 12, 2011 4:28am Oct 12, 2011 4:28am
Quoting mla
Good on you do you have a pic?

mLa
This is the link for the EU post & Chart I made on this thread yesterday. Cheers.
http://www.forexfactory.com/showthre...11#post5031211
  • #2,230
  • Oct 12, 2011 4:29am Oct 12, 2011 4:29am
looks like the assassin, was not meticulous today.

got caught up with other assassins from the fed and trichet.

still, managed to escape.
Have I got something on my face, SOLDIER?
  • #2,231
  • Oct 12, 2011 4:30am Oct 12, 2011 4:30am
Quoting GoldMan.
I see too many people here trying to predict the tops and searching the reason from news, it is better to close all your news informasion, look at the charts only and you will be always first one in the trade before any news give you information.


I agree with 100%

Why do you think though, that people need to get that kind of conformation for their trades?

mLa
"The Heart is the hub of all dances; go there and chill out"
  • #2,232
  • Oct 12, 2011 4:31am Oct 12, 2011 4:31am
Quoting GoldMan.
I see too many people here trying to predict the tops and searching the reason from the news, it is better to close all your news informasion, look at the charts only and you will be always first one in the trade before any news give you information.
i wouldve been on long time ago.
predicting tops yes, is bad, but if what i have done so far is counter-profitable, so now its time to get profitable.

of course, tops dont always stay the same, and we can predict based on previous action, current action in regard with momentum and motion.
Have I got something on my face, SOLDIER?
  • #2,233
  • Oct 12, 2011 4:32am Oct 12, 2011 4:32am
@redlion,

still regret closing our longs from 3370's?

lol hahahah wed be 400 pips up by now dude.
Have I got something on my face, SOLDIER?
  • #2,234
  • Oct 12, 2011 4:35am Oct 12, 2011 4:35am
Quoting hicomm
This is the link for the EU post & Chart I made on this thread yesterday. Cheers.
http://www.forexfactory.com/showthre...11#post5031211
hicomm

Thanks.

mLa
"The Heart is the hub of all dances; go there and chill out"
  • #2,235
  • Oct 12, 2011 4:36am Oct 12, 2011 4:36am
short is rescued.

28 pips up.
Have I got something on my face, SOLDIER?
  • #2,236
  • Oct 12, 2011 4:39am Oct 12, 2011 4:39am
Quoting GoldMan.
I see too many people here trying to predict the tops and searching the reason from the news, it is better to close all your news informasion, look at the charts only and you will be always first one in the trade before any news give you information.
I definitely agree with you Goldman. I have come to realise that it don't matter what's happening in the news as the true direction always shows up in the charts-for me the 4H
  • #2,237
  • Oct 12, 2011 4:40am Oct 12, 2011 4:40am
Quoting GoldMan.
I see too many people here trying to predict the tops and searching the reason from news, it is better to close all your news informasion, look at the charts only and you will be always first one in the trade before any news give you information.
Goldman, I fully agree that the trading is always in the price because immediate price is always right.

However, something really stinks here because as I am sure you realize, one has to measure the fundamentals in order to properly choose a trend so that one can play along with the odds rather than against them.

All this bull action on the Euro (or bear action on the USD) is sneaky (or stealth as buma put it) back door intervention by the central banks and they are pushing currency values to unrealistic and fundamentally unfounded values by "jawboning" hype and false hope while manipulating the currencies behind the scenes. If the ECB were subject to the rules of market regulators, they would all be arrested and charged with insider trading.

So why is this important to know?
Because we always have to be aware of where fair value is. If we were not aware, and just blindly traded price action, once the poop hit the fan, we would suffer repeated black swan events with no hope of recovery.

Monday and today are perfect examples of black swan events but these events take price "away" from fair value rather than "towards". Therefore any setbacks from these are in fact recoverable. Therein is the importance of fundamentals.

Those who say it cannot be done should not interrupt those who are doing it
  • #2,238
  • Oct 12, 2011 4:40am Oct 12, 2011 4:40am
Quoting mla


I agree with 100%

Why do you think though, that people need to get that kind of conformation for their trades?

mLa
I don't exactly understand what you mean by that question.
I just think that this news crap is actually preventig people to make more money, they but too much attention into wrong things.
  • #2,239
  • Oct 12, 2011 4:43am Oct 12, 2011 4:43am
chart.
Attached Image (click to enlarge)
Click to Enlarge Name: impossible.gif Size: 19 KB
Have I got something on my face, SOLDIER?
  • #2,240
  • Oct 12, 2011 4:47am Oct 12, 2011 4:47am
Quoting PipTrapper
Goldman, I fully agree that the trading is always in the price because immediate price is always right.

However, something really stinks here because as I am sure you realize, one has to measure the fundamentals in order to properly choose a trend so that one can play along with the odds rather than against them.

All this bull action on the Euro (or bear action on the USD) is sneaky (or stealth as buma put it) back door intervention by the central banks and they are pushing currency values to unrealistic and fundamentally unfounded values by "jawboning"...

They would not. They are the biggest names in the business. Do you see the U.N. convicting the US for war-crimes or crimes against humanity, not in this life. They can insider-trade all they want. I am sure this is a deal with the US and the Euro, keeping the dollar weaker and making sure euro dont fall into deeper pits. Who's going to charge them? no one. They won't be charged PT. Its politics, they are top-game assassins, they won't be charged. They are clean through all the way, bribed everyone involved, and everyone inside is happy.

They are clean through.
Have I got something on my face, SOLDIER?
4 traders viewing now