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14 Year Old Forex Trader's Lessons

  • #2,761
  • Oct 14, 2011 2:41am Oct 14, 2011 2:41am
This is the reason I got out, she formed a double bottom bull flag.

mla
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"The Heart is the hub of all dances; go there and chill out"
  • #2,762
  • Oct 14, 2011 2:42am Oct 14, 2011 2:42am
Quoting PipTrapper
This is psychological warfare by the deep pockets (central bankers and those who have similar interests).
yyes, it truly is.
how else would such volatility happen?

silly berlusconi blames this on traders on steroids, the only one with steroids is cb dudes, and politicians with lots of money in their money bag. In times like this i wish i was scrooge mcduck, and short this all market, coz he has more net worth than all of them combined
Have I got something on my face, SOLDIER?
  • #2,763
  • Oct 14, 2011 2:44am Oct 14, 2011 2:44am
Quoting mla
This is the reason I got out, she formed a double bottom bull flag.

mla
thats one way you look at it. it looks like a double top to me.

the basic theory of 2ble tops or 2ble bottoms is the finisher move, the last one being at least as large as the neckline + high. so double top seems more viable than double bottom. Double bottoms occur at bottom mla.
Have I got something on my face, SOLDIER?
  • #2,764
  • Oct 14, 2011 2:45am Oct 14, 2011 2:45am
Quoting mla
This is the reason I got out, she formed a double bottom bull flag.

mla
  • #2,765
  • Oct 14, 2011 2:51am Oct 14, 2011 2:51am
Quoting bumapatria
thats one way you look at it. it looks like a double top to me.

the basic theory of 2ble tops or 2ble bottoms is the finisher move, the last one being at least as large as the neckline + high. so double top seems more viable than double bottom. Double bottoms occur at bottom mla.
Now, she can also form a double bottom flag with a pullback.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,766
  • Oct 14, 2011 2:54am Oct 14, 2011 2:54am
aussie 65 pips above daily open
chf -0.025
jpy 15 above

s&p futures up 11 points
asian stocks minus around percent

dow futures up 108 points
nasdaq futures up 25 points
Have I got something on my face, SOLDIER?
  • #2,767
  • Oct 14, 2011 2:55am Oct 14, 2011 2:55am
Now, this is what I think, she had a huge rejection at the extreme, if she goes back there, I think she will not have any chance to pass that point.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,768
  • Oct 14, 2011 2:57am Oct 14, 2011 2:57am
probability of bullish pennant, but to pierce through it requires i dont know how much volume.

silver and gold h&s almost confirmed.
highs are made, now it just needs to dropp.
Have I got something on my face, SOLDIER?
  • #2,769
  • Oct 14, 2011 3:00am Oct 14, 2011 3:00am
come on.

DAX up by 80 points
FTSE 100 up by 100 points
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Have I got something on my face, SOLDIER?
  • #2,770
  • Oct 14, 2011 3:04am Oct 14, 2011 3:04am
Quoting mla
Now, this is what I think, she had a huge rejection at the extreme, if she goes back there, I think she will not have any chance to pass that point.

mla
If you look at a H4 you see that it's in a area where bears aggressively sell it down. But bulls try to buy it up and break this zone, hard to say what will be the outcome.
  • #2,771
  • Oct 14, 2011 3:18am Oct 14, 2011 3:18am
Quoting GoldMan.
If you look at a H4 you see that it's in a area where bears aggressively sell it down. But bulls try to buy it up and break this zone, hard to say what will be the outcome.
In my opinion, it's an area of extreme indecision Goldman.
Look at my H4 chart.

Bullish indies:
1. Stochastics are pointing up
2. Trend is bullish
3. Bull flag forming.

Bearish Indies:
1. MacD is showing bearish divergence
2. The highs fall into a major supply zone,
3. The tops have been riding down along the falling channel resistance
.
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Those who say it cannot be done should not interrupt those who are doing it
  • #2,772
  • Oct 14, 2011 3:19am Oct 14, 2011 3:19am
all it needs to make all this movement is the silver clearing ranging lows, and that would be clear signal this would all drop.
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Have I got something on my face, SOLDIER?
  • #2,773
  • Oct 14, 2011 3:19am Oct 14, 2011 3:19am
Quoting GoldMan.
If you look at a H4 you see that it's in a area where bears aggressively sell it down. But bulls try to buy it up and break this zone, hard to say what will be the outcome.
Yes, you right, I did not take that view, yesterday high was 3825, today she got to 3826 and the day before yesterday the high was 1.3833.

Huge battle going on, maybe they waiting for the G20 to end?
PipTrapper?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,774
  • Oct 14, 2011 3:21am Oct 14, 2011 3:21am
Quoting PipTrapper
In my opinion, it's an area of extreme indecision Goldman.
Look at my H4 chart.

Bullish indies:
1. Stochastics are pointing up
2. Trend is bullish
3. Bull flag forming.

Bearish Indies:
1. MacD is showing bearish divergence
2. The highs fall into a major supply zone,
3. The tops have been riding down along the falling channel resistance
.
  • #2,775
  • Oct 14, 2011 3:24am Oct 14, 2011 3:24am
ive backtested fibonacci time zones and i calculated a 71.5% accuracy in gold, 75.12% accuracy on euro dollar and 70.9% on silver.

we are nearing it, and it doesnt determine direction, it just determines possible chage in trend. well silly me, it does.

if it does, we'll see.

its not being bull or bear, is being on the right side, and its already determined, but hell we dont know, coz we arent that smart
Have I got something on my face, SOLDIER?
  • #2,776
  • Oct 14, 2011 3:29am Oct 14, 2011 3:29am
few more points my xag sell is in profit, and its just few points to make H&S active.


Double top is getting momentum on fiber.
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Have I got something on my face, SOLDIER?
  • #2,777
  • Oct 14, 2011 3:29am Oct 14, 2011 3:29am
i'm short on the e/u
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,778
  • Oct 14, 2011 3:29am Oct 14, 2011 3:29am
Quoting mla
Yes, you right, I did not take that view, yesterday high was 3825, today she got to 3826 and the day before yesterday the high was 1.3833.

Huge battle going on, maybe they waiting for the G20 to end?
PipTrapper?

mla
Most likely yes but it is still early to tell as NY is not open and we are expecting US Retail sales data this afternoon as well as UofM consumer sentiment. These will be decisive figures as to whether we break the highs or not.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,779
  • Oct 14, 2011 3:30am Oct 14, 2011 3:30am
Hey Bill

How many pips did make today, you seem a bit quite.

Cheers
mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,780
  • Oct 14, 2011 3:31am Oct 14, 2011 3:31am
Confirmed.
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Have I got something on my face, SOLDIER?
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