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14 Year Old Forex Trader's Lessons

  • #2,661
  • Oct 13, 2011 6:36pm Oct 13, 2011 6:36pm
job description is MAKE MONEY FOR THEIR CLIENTS.
AVT INVENIAM VIAM AVT FACIAM
  • #2,662
  • Oct 13, 2011 6:40pm Oct 13, 2011 6:40pm
My euro predictions: Bullish for now, possbily some ranging, euro yen still climbing, since last night, and gold still too, so expect or watch for ranging environments, or maybe a small bullish trend around these hours.

I have a fiber chart, a yuppie chart , and gold.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart for buddies.gif Size: 28 KB
Click to Enlarge Name: rising since my entry.gif Size: 24 KB
Click to Enlarge Name: euro yen buddies.gif Size: 22 KB
Have I got something on my face, SOLDIER?
  • #2,663
  • Oct 13, 2011 6:41pm Oct 13, 2011 6:41pm
Quoting the redlion
job description is MAKE MONEY FOR THEIR CLIENTS.
Whats your share? if i may ask
Have I got something on my face, SOLDIER?
  • #2,664
  • Oct 13, 2011 6:44pm Oct 13, 2011 6:44pm
Quoting mla
I an going out now, I going to have a Thai massage.

I know a Thai girl that she is fantastic at it. When she does it I let myself go and I travel, deep, in, out, right, left, everywhere I am in complete orbit.

Once I found myself with a genuine(no expected) "hard one" as a consequence. She looked like she did not mind it, actually she had a little smile on her gracious face, she said something in her broken english that I did not understand but that is not the point...

See you in an hour or so for a new battle.

Cheers
mla
Have a relaxing time with her... i mean the massage..
Have I got something on my face, SOLDIER?
  • #2,665
  • Oct 13, 2011 6:46pm Oct 13, 2011 6:46pm
closed one dollar gold scout to test the waters.
Have I got something on my face, SOLDIER?
  • #2,666
  • Oct 13, 2011 6:46pm Oct 13, 2011 6:46pm


that is between you and me
AVT INVENIAM VIAM AVT FACIAM
  • #2,667
  • Oct 13, 2011 6:50pm Oct 13, 2011 6:50pm
selling the euro.

somewhat hit off supply, im thinking thats the swing high, same rejection wick sort of size as previous one, demand is low, lets kill.


@Red,
dont get too cautious, or too nervous just because of this that you question your own judgement. You can be careful, but keep fear and greed away, make them healthy emotions of careful, and profitable.
Attached Image (click to enlarge)
Click to Enlarge Name: selling euro.gif Size: 23 KB
Have I got something on my face, SOLDIER?
  • #2,668
  • Oct 13, 2011 6:53pm Oct 13, 2011 6:53pm
Gold long is covereing euro short,

so if if win gold, euro is loss, no matter.
Have I got something on my face, SOLDIER?
  • #2,669
  • Edited 7:32pm Oct 13, 2011 6:55pm | Edited 7:32pm
Red did u see my rescues yesterday?!

2 rescues and it helped me a lot dude.

and it wasnt deep underwater lol, it was like a scalp rescue, but i knew this session people buy gold, so yeah.

I rescued twice!!

in a row, coz i was a little early


Good Morning
Have I got something on my face, SOLDIER?
  • #2,670
  • Edited 7:52pm Oct 13, 2011 7:45pm | Edited 7:52pm
Quoting bumapatria
selling the euro.

somewhat hit off supply, im thinking thats the swing high, same rejection wick sort of size as previous one, demand is low, lets kill.


@Red,
dont get too cautious, or too nervous just because of this that you question your own judgement. You can be careful, but keep fear and greed away, make them healthy emotions of careful, and profitable.
Yeah, I'm thinking the same thing, went long for a bit, then sold at that twin peak, now triple peak on 5Mto see if it broke, it didn't and I went short, not the greatest entry point, I am BE right now, but I am wondering as I study longer and longer charts if this might be out of steam, that the lack of conviction on the bears is the only thing keeping it from sinking to 1.35. At least back to the 1H/4H line.

Look at this chart of 5M and take out the rises and dips, it is falling faster than the long term trend line below is rising.
Attached Image (click to enlarge)
Click to Enlarge Name: evening 5m bear euro 20111013.gif Size: 20 KB
  • #2,671
  • Oct 13, 2011 7:46pm Oct 13, 2011 7:46pm
Quoting ntrprz
Yeah, I'm thinking the same thing, went long for a bit, then sold at that twin peak, now triple peak on 5Mto see if it broke, it didn't and I went short, not the greatest entry point, I am BE right now, but I am wondering as I study longer and longer charts if this might be out of steam, that the lack of conviction on the bears is the only thing keeping it from sinking to 1.35
my short is waiting at 3752, looking to take profits at broken gann line 14 pips from now.
Have I got something on my face, SOLDIER?
  • #2,672
  • Oct 13, 2011 7:57pm Oct 13, 2011 7:57pm
Quoting ntrprz
Yeah, I'm thinking the same thing, went long for a bit, then sold at that twin peak, now triple peak on 5Mto see if it broke, it didn't and I went short, not the greatest entry point, I am BE right now, but I am wondering as I study longer and longer charts if this might be out of steam, that the lack of conviction on the bears is the only thing keeping it from sinking to 1.35. At least back to the 1H/4H line.

Look at this chart of 5M and take out the rises and dips, it is falling faster than the long term trend line below is rising.
i didnt see chart before, nice, simple, effective

now go snipe the bastards to extinction
Have I got something on my face, SOLDIER?
  • #2,673
  • Oct 13, 2011 7:59pm Oct 13, 2011 7:59pm
Gold closed at +40. so little liquidity, people can play tricks here, and contradictory positions with positive correlation is not so recommeneded e.g. long gold, short euro.

so closed that done that.
current sitrep on trade.


@Ntrpz, @pbh, get ready for some ranging.
Attached Image (click to enlarge)
Click to Enlarge Name: euro asia.gif Size: 27 KB
Have I got something on my face, SOLDIER?
  • #2,674
  • Oct 13, 2011 8:02pm Oct 13, 2011 8:02pm
I am back.

I will start to draw lines and bits.

Also I am going to try my set ups on the 1m TF.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,675
  • Oct 13, 2011 8:04pm Oct 13, 2011 8:04pm
Quoting mla
I am back.

I will start to draw lines and bits.

Also I am going to try my set ups on the 1m TF.

mla
Great! we got extreme traders here. I never thought that almost everyone now is sniping!

i saw great snipes yesterday deadly, from huskyboy on silver, mine on gold (duh), mla, redlion shorts and mine on similar level way up on euro dollar... good day yesterday, lets end the week even better
Have I got something on my face, SOLDIER?
  • #2,676
  • Oct 13, 2011 8:07pm Oct 13, 2011 8:07pm
Closed at +1 lol entering fibonaci time zone. would be wise for me to close. And, my entry was no snipe on this one was just a normal short order

guys, be wary of traps in the morning, people like to play tricks in price.
expect some easy-buys as usual.
Have I got something on my face, SOLDIER?
  • #2,677
  • Oct 13, 2011 8:13pm Oct 13, 2011 8:13pm
Quoting bumapatria
Gold closed at +40. so little liquidity, people can play tricks here, and contradictory positions with positive correlation is not so recommeneded e.g. long gold, short euro.

so closed that done that.
current sitrep on trade.


@Ntrpz, @pbh, get ready for some ranging.
When can we expect volume to pick up? I am not normally trading at this hour. It is just laying there, I mean, I am making a couple pennies, but it is slow going for sniping.
  • #2,678
  • Oct 13, 2011 8:14pm Oct 13, 2011 8:14pm
didnt play silver long time. Been too much action on gold, not enough time for my xag...

well im long on silver, hit on demand big rejection 161.8% extension.
a little late, but still has room for 10 points.
Attached Image (click to enlarge)
Click to Enlarge Name: silver long2.gif Size: 23 KB
Have I got something on my face, SOLDIER?
  • #2,679
  • Oct 13, 2011 8:15pm Oct 13, 2011 8:15pm
Quoting ntrprz
When can we expect volume to pick up? I am not normally trading at this hour. It is just laying there, I mean, I am making a couple pennies, but it is slow going for sniping.
London session, Frankfurt Session, US session are most volatile. Best snipes are there

so in morning your time.

i suggest taking caution shorting against dollar aka bearish on dollar at this session.
Have I got something on my face, SOLDIER?
  • #2,680
  • Oct 13, 2011 8:19pm Oct 13, 2011 8:19pm
Quoting bumapatria
Great! we got extreme traders here. I never thought that almost everyone now is sniping!

i saw great snipes yesterday deadly, from huskyboy on silver, mine on gold (duh), mla, redlion shorts and mine on similar level way up on euro dollar... good day yesterday, lets end the week even better
Hey little Tiger.

This thread is good because is based on compassion, when traders are in the "hole", he/she founds easily help by others without prejudice and other sort of quality that there is not point mention here now.

That gives a strong foundation to the thread, and it will be grow in my view.

You have to be aware that the popularity will bring all sort of people trying to
discourage the real purpose of the thread, learning.

So you need to be aware of that and in many cases ruthless. They need to respect your rules. This is my advice.

Now my experience from yesterday: I tried to scalp with the BollingerBar indicator, I was lost, I do not understand why you should enter trades based on its signals. Completely lost. As soon as I got rid of it, I started to breath again.

mla
"The Heart is the hub of all dances; go there and chill out"
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