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14 Year Old Forex Trader's Lessons

  • #2,841
  • Oct 14, 2011 8:45am Oct 14, 2011 8:45am
Quoting huskyboy
it seems like sometimes it is
Are you still long?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,842
  • Oct 14, 2011 8:50am Oct 14, 2011 8:50am
Quoting mla
Are you still long?

mla

didn't enter that, wasn't at screen, no trades so far but it was one like you so often explained, break pullback and off, did't enter the break, missed the pulback. Hope you took it
  • #2,843
  • Oct 14, 2011 8:57am Oct 14, 2011 8:57am
Quoting huskyboy
didn't enter that, wasn't at screen, no trades so far but it was one like you so often explained, break pullback and off, did't enter the break, missed the pulback. Hope you took it
got stopped in my short, entered long, covered half @ +30, SL to BE.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,844
  • Oct 14, 2011 9:06am Oct 14, 2011 9:06am
frustrating pa

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,845
  • Oct 14, 2011 9:12am Oct 14, 2011 9:12am
Quoting mla
frustrating pa

mla

like you said, a break of a tl doesn't mean a trend change ! Certainly not when you entered. There is a huge bearish pinbar on 15 and for the moment it seems she is not taking previous high, so i might have stil a change (demo trade, friday evening)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1410 2.jpg Size: 79 KB
  • #2,846
  • Oct 14, 2011 9:18am Oct 14, 2011 9:18am
Covered 1/4 @ +37, made my money back from the short trade.

With last 1/4 I have a SL to BE and a TF @ 1.3925, 10pips below the swing high from the 4h TF.

Is 1.15 am here I am going to rest, very difficult day to trade today, but I came out good.

Lesson I learnt today was, do not get between a battle if you can see it.

Thanks you all for the ride.
All the best.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,847
  • Oct 14, 2011 9:28am Oct 14, 2011 9:28am
Right now looking gold M5 chart and I must say that this shit is much easier to trade than eurusd
Much better signals for me.
  • #2,848
  • Oct 14, 2011 9:33am Oct 14, 2011 9:33am
Quoting GoldMan.
Right now looking gold M5 chart and I must say that this shit is much easier to trade than eurusd
Much better signals for me.
Well, then I guess you have the right screen name!!

I am going nicely sniping the 1M and 5M anticipating a generally downward trend to 1.383 and a ceilings at 1.388 and then 1.392. I still think we could go as low as 1.375 by the close, but that will be in the last two hours of trading today if it happens.
  • #2,849
  • Oct 14, 2011 9:38am Oct 14, 2011 9:38am
Quoting ntrprz
Well, then I guess you have the right screen name!!

I am going nicely sniping the 1M and 5M anticipating a generally downward trend to 1.383 and a ceilings at 1.388 and then 1.392. I still think we could go as low as 1.375 by the close, but that will be in the last two hours of trading today if it happens.
  • #2,850
  • Oct 14, 2011 10:33am Oct 14, 2011 10:33am
indeed frustrating pa, sl at be for me
  • #2,851
  • Oct 14, 2011 11:14am Oct 14, 2011 11:14am
im back with none of my trades stopped out.

except im 160 pips underwater lol.

maybe i suck at swing trading, better at sniping 5 minute charts
Have I got something on my face, SOLDIER?
  • #2,852
  • Oct 14, 2011 11:20am Oct 14, 2011 11:20am
i will put take profits all at BE. lets see where it goes from there.
Have I got something on my face, SOLDIER?
  • #2,853
  • Oct 14, 2011 11:32am Oct 14, 2011 11:32am
Quoting huskyboy
like you said, a break of a tl doesn't mean a trend change ! Certainly not when you entered. There is a huge bearish pinbar on 15 and for the moment it seems she is not taking previous high, so i might have stil a change (demo trade, friday evening)
closed + 20 pips, have to go, great week-end all
  • #2,854
  • Oct 14, 2011 11:36am Oct 14, 2011 11:36am
attempting rescue with silver long.


@huskyboy: how is silver treating you so far?
Attached Image (click to enlarge)
Click to Enlarge Name: attempting rescue.gif Size: 20 KB
Have I got something on my face, SOLDIER?
  • #2,855
  • Oct 14, 2011 11:44am Oct 14, 2011 11:44am
i need to coveer up 33.3 Loss from gold and eu,

with a silver long with 0.05 lot.

all i need is to earn 13 silver points
Have I got something on my face, SOLDIER?
  • #2,856
  • Oct 14, 2011 11:46am Oct 14, 2011 11:46am
all i need is price to reach that line which is viable for now.

pedro, i spammed because of price going against u, i thought u might have rescued or something coz gbp was going way above daily ever since you put that trade
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #2,857
  • Oct 14, 2011 11:52am Oct 14, 2011 11:52am
come on 8 points
Have I got something on my face, SOLDIER?
  • #2,858
  • Oct 14, 2011 11:56am Oct 14, 2011 11:56am
just 5 more now.

20.
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Have I got something on my face, SOLDIER?
  • #2,859
  • Oct 14, 2011 12:04pm Oct 14, 2011 12:04pm
FUCKING HELL YEAH RESCUED!!!

YEAH!!!!!

Biggest rescue so far, hell yeah. yeah...

whew...

proof? here it is boys. only loss was -3.33

now i can trade once more..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: rescue prrof.JPG Size: 35 KB
Have I got something on my face, SOLDIER?
  • #2,860
  • Oct 14, 2011 12:19pm Oct 14, 2011 12:19pm
was that a great escape Buma. i was going to try something earlier and i will tell you. But as its friday i didnt. i actually did put a sell trade on silver to open at 3218 but i believe it went up to approx 3250 ish so i just stopped it but had i tried it the following hour i wouldve been a winner lol, so come next week i will keep youm guys informed as to what i,m doing
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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