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14 Year Old Forex Trader's Lessons

  • #2,261
  • Oct 12, 2011 6:04am Oct 12, 2011 6:04am
Quoting mla
Covered another 1/4 @ +14

mla
if u dont mind, what lots do you trade?
Have I got something on my face, SOLDIER?
  • #2,262
  • Oct 12, 2011 6:04am Oct 12, 2011 6:04am
Can you see how this bullish trend grow and then exploded, price movement is your friend. That's why i'm so negative on those christmas tree chart boys.
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  • #2,263
  • Oct 12, 2011 6:15am Oct 12, 2011 6:15am
no one is using christmas trees goldman.

were all clear charts
Have I got something on my face, SOLDIER?
  • #2,264
  • Oct 12, 2011 6:16am Oct 12, 2011 6:16am
Quoting mla
mini lots

mla
wow, so that must be some money even though scalping.

i have so much respect for you to have discipline, and not over-trade and be profitable for long ---tterm..

Have I got something on my face, SOLDIER?
  • #2,265
  • Oct 12, 2011 6:17am Oct 12, 2011 6:17am
Quoting bumapatria
gold short at 683.75.
It may be dangerous shorting gold now. Just ma thots.
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  • #2,266
  • Oct 12, 2011 6:24am Oct 12, 2011 6:24am
Quoting bumapatria
wow, so that must be some money even though scalping.

i have so much respect for you to have discipline, and not over-trade and be profitable for long ---tterm..

I learned that if you want to make a bit of money or not loose them, you have to be selective in your set ups, and as you said, patient and trade only a few.
Once you gain the confidence you may extend to a bit more risker one.
When you loose, you go back to the safest one and reduce you risk, like that
you never going broke. In my opinion.

mLa
"The Heart is the hub of all dances; go there and chill out"
  • #2,267
  • Oct 12, 2011 6:26am Oct 12, 2011 6:26am
listen to this guy imo http://www.forexfactory.com/showthre...80#post5033580
  • #2,268
  • Oct 12, 2011 6:26am Oct 12, 2011 6:26am
Quoting mla
I learned that if you want to make a bit of money or not loose them, you have to be selective in your set ups, and as you said, patient and trade only a few.
Once you gain the confidence you may extend to a bit more risker one.
When you loose, you go back to the safest one and reduce you risk, like that
you never going broke. In my opinion.

mLa
well said mla
Have I got something on my face, SOLDIER?
  • #2,269
  • Oct 12, 2011 6:38am Oct 12, 2011 6:38am
This is what she is doing now.

If you like psychology, there is a lot of that in each candle.

mLa
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"The Heart is the hub of all dances; go there and chill out"
  • #2,270
  • Oct 12, 2011 6:42am Oct 12, 2011 6:42am
Quoting chazzle
listen to this guy imo http://www.forexfactory.com/showthre...80#post5033580
I'm charmed, thx you
  • #2,271
  • Oct 12, 2011 6:46am Oct 12, 2011 6:46am
Quoting mla
This is what she is doing now.

If you like psychology, there is a lot of that in each candle.

mLa
yup.
accumulation.
Have I got something on my face, SOLDIER?
  • #2,272
  • Oct 12, 2011 6:52am Oct 12, 2011 6:52am
Quoting bumapatria
yup.
accumulation.
Yes, but not only that.

Trading range, then the pin bar (arrow) that breaks down the trading range, collects the stops and form a pin bar. Looks like the bull are winning this little battle.
What will happen if a new bar breaks and closes below that pin bar?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,273
  • Oct 12, 2011 7:01am Oct 12, 2011 7:01am
Quoting GoldMan.
I'm charmed, thx you
no prob - I think you're doing these guys a favour by posting here and talking a lot of common sense.

If we think about it -

Top tier banks and funds = 90%+ FX volume
They get market moving data before you and me
They employ large teams of people to decipher and act upon this information

All of this , however , is reflected in the price - which we can all see and act upon at the same time

It's not too difficult to see where the edge lies for us retailers

all the best everyone
  • #2,274
  • Oct 12, 2011 7:03am Oct 12, 2011 7:03am
just sharing, same period, left m5, right range bars 12 pips, trying this together with mLa's set-ups, EMA 50/200 on both
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  • #2,275
  • Oct 12, 2011 7:10am Oct 12, 2011 7:10am
Quoting huskyboy
just sharing, same period, left m5, right range bars 12 pips, trying this together with mLa's set-ups, EMA 50/200 on both
I hope it works for you.

mLa
"The Heart is the hub of all dances; go there and chill out"
  • #2,276
  • Oct 12, 2011 7:26am Oct 12, 2011 7:26am
im currently with no trades.

will need to continue to analyze...


gold stopped out.

gapped up a little, moved back down.
Have I got something on my face, SOLDIER?
  • #2,277
  • Oct 12, 2011 7:29am Oct 12, 2011 7:29am
Quoting bumapatria
im currently with no trades.

will need to continue to analyze...


gold stopped out.

gapped up a little, moved back down.
I am flat also. I do not believe we will be in this bull very long. Maybe 1.3850 at the 50% fib retrace of the big move down. However, before I act on it, I want to see a daily close below there.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,278
  • Oct 12, 2011 7:31am Oct 12, 2011 7:31am
Quoting PipTrapper
I am flat also. I do not believe we will be in this bull very long. Maybe 1.3850 at the 50% fib retrace of the big move down. However, before I act on it, I want to see a daily close below there.
true. weve seen 7 days of bulls.
Have I got something on my face, SOLDIER?
  • #2,279
  • Oct 12, 2011 7:32am Oct 12, 2011 7:32am
Quoting chazzle
no prob - I think you're doing these guys a favour by posting here and talking a lot of common sense.

If we think about it -

Top tier banks and funds = 90%+ FX volume
They get market moving data before you and me
They employ large teams of people to decipher and act upon this information

All of this , however , is reflected in the price - which we can all see and act upon at the same time

It's not too difficult to see where the edge lies for us retailers

all the best everyone
Absolutely, well said
  • #2,280
  • Oct 12, 2011 7:35am Oct 12, 2011 7:35am
thanks chazzle.
Have I got something on my face, SOLDIER?
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