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14 Year Old Forex Trader's Lessons

  • #2,881
  • Oct 14, 2011 1:44pm Oct 14, 2011 1:44pm
piptrapper you think the weekend gap going with you?

i like to trap weekends with stops of both sides before market closing. 10-15 pips away from current level, and when u wake up, u gonna see one of them with easy profit


Fibonacc itime zones so far on these levels did not fail us, lets see next result.

im going to trap gold with 0.05 lots, in case my hold of silver past the weekend turns out loss, i can cover and rescue with gold.
Attached Image (click to enlarge)
Click to Enlarge Name: gann break.gif Size: 28 KB
Have I got something on my face, SOLDIER?
  • #2,882
  • Oct 14, 2011 1:51pm Oct 14, 2011 1:51pm
Quoting bumapatria
piptrapper you think the weekend gap going with you?

i like to trap weekends with stops of both sides before market closing. 10-15 pips away from current level, and when u wake up, u gonna see one of them with easy profit


Fibonacc itime zones so far on these levels did not fail us, lets see next result.

im going to trap gold with 0.05 lots, in case my hold of silver past the weekend turns out loss, i can cover and rescue with gold.
Be aware that if lets say you have a stop order at 1.3800 and price gaps down to 1.3750, your order will executed at 1.3750 and not 1.3800
Those who say it cannot be done should not interrupt those who are doing it
  • #2,883
  • Oct 14, 2011 1:51pm Oct 14, 2011 1:51pm
gbpchf weekly


took this one guys,looks good
Attached Image (click to enlarge)
Click to Enlarge Name: gc.gif Size: 24 KB
  • #2,884
  • Oct 14, 2011 1:53pm Oct 14, 2011 1:53pm
Quoting highlander2
1.40 and the 61.8 fib are almost the same level, the 1.40 has been key support in the past, should act as formidable resistance if we get there. I will be watching this level like a hawk next week and will be monkey short if PA is good.
Thats in my live account
I agree that 61.8 at 1.40 is more likely but I'm sending out a test minilot anyway. If it goes against me it will be easy to recover with a full lot or two on a 1.40 bounce.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,885
  • Oct 14, 2011 1:58pm Oct 14, 2011 1:58pm
Quoting PipTrapper
Be aware that if lets say you have a stop order at 1.3800 and price gaps down to 1.3750, your order will executed at 1.3750 and not 1.3800
really?

that sucks.

my friend did it once (told me) but i guess he..lied?

well im not doing that except silver. if it gaps against me i rescue on.. gold.
Have I got something on my face, SOLDIER?
  • #2,886
  • Oct 14, 2011 2:00pm Oct 14, 2011 2:00pm
Quoting highlander2
1.40 and the 61.8 fib are almost the same level, the 1.40 has been key support in the past, should act as formidable resistance if we get there. I will be watching this level like a hawk next week and will be monkey short if PA is good.
Thats in my live account
what are monkey shorts?

lol like pants for monkeys?

Have I got something on my face, SOLDIER?
  • #2,887
  • Oct 14, 2011 2:03pm Oct 14, 2011 2:03pm
Quoting bumapatria
what are monkey shorts?

lol like pants for monkeys?

.
Attached Image
  • #2,888
  • Oct 14, 2011 2:05pm Oct 14, 2011 2:05pm
Quoting bumapatria
what are monkey shorts?

lol like pants for monkeys?

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #2,889
  • Oct 14, 2011 2:06pm Oct 14, 2011 2:06pm
These are my lucky trading pants^^^
  • #2,890
  • Oct 14, 2011 2:09pm Oct 14, 2011 2:09pm
i would now be on another hyperphetical trade so the last at 3218 is now void
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,891
  • Oct 14, 2011 2:11pm Oct 14, 2011 2:11pm
Quoting Tedge UK
gbpchf weekly


took this one guys,looks good
u got nerve taking that sorta pair lol.


well its still synthetic, and chf is much stronger vs usd than gbp, so its on ur side i guess.

heres my analysis on it if it helps you

oh yeah nice spread too. PERfect for scalps lol.

dont worry about gann break for now, it doesnt measure how long itll reach there, but theory is that if one angle is broke like this it would reach next one.

watch FE 100 for target imo its best and safest, and watch 16-17 oct moves.

Attached Image (click to enlarge)
Click to Enlarge Name: moves.gif Size: 28 KB
Have I got something on my face, SOLDIER?
  • #2,892
  • Oct 14, 2011 2:14pm Oct 14, 2011 2:14pm
so my next hyperphetical trade shoul i trade would be let it dip a few more pips and if it retraces go long at 3217
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,893
  • Oct 14, 2011 2:20pm Oct 14, 2011 2:20pm
weekly euro usd.

forgot to add timezones but next week is the time zone key
Attached Image (click to enlarge)
Click to Enlarge Name: weekly fiber2.gif Size: 25 KB
Have I got something on my face, SOLDIER?
  • #2,894
  • Oct 14, 2011 2:34pm Oct 14, 2011 2:34pm
Quoting bumapatria
u got nerve taking that sorta pair lol.


well its still synthetic, and chf is much stronger vs usd than gbp, so its on ur side i guess.

heres my analysis on it if it helps you

oh yeah nice spread too. PERfect for scalps lol.

dont worry about gann break for now, it doesnt measure how long itll reach there, but theory is that if one angle is broke like this it would reach next one.

watch FE 100 for target imo its best and safest, and watch 16-17 oct moves.

Fortune favours the brave!!

That babys coming down nx wk ....good for hundreds
  • #2,895
  • Oct 14, 2011 2:39pm Oct 14, 2011 2:39pm
Quoting Tedge UK
Fortune favours the brave!!

That babys coming down nx wk ....good for hundreds
come up with rescue plan if things dont go your way..
Have I got something on my face, SOLDIER?
  • #2,896
  • Oct 14, 2011 2:43pm Oct 14, 2011 2:43pm
Quoting PipTrapper
I agree that 61.8 at 1.40 is more likely but I'm sending out a test minilot anyway. If it goes against me it will be easy to recover with a full lot or two on a 1.40 bounce.
looks like we all looking that area... next week should be key. well sentiment in this room right now bearish.

ROAR!!!
http://2.bp.blogspot.com/--AuC140DVn...1600/bear1.jpg
Have I got something on my face, SOLDIER?
  • #2,897
  • Oct 14, 2011 2:44pm Oct 14, 2011 2:44pm
Quoting bumapatria
come up with rescue plan if things dont go your way..
  • #2,898
  • Oct 14, 2011 2:47pm Oct 14, 2011 2:47pm
Quoting PipTrapper
hope u have a spare pair "H".....u know for emergencies lol
  • #2,899
  • Oct 14, 2011 2:52pm Oct 14, 2011 2:52pm
im talking on facebook to a mad guy who thinks 1:500 leverage is better than a simple 1:10.


he calls it foolish to have low leverage
Have I got something on my face, SOLDIER?
  • #2,900
  • Oct 14, 2011 2:59pm Oct 14, 2011 2:59pm
goodnight traders, hope all goes well over weekend. I am going out now and will be back in about 6 hours time niiiice
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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