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14 Year Old Forex Trader's Lessons

  • #3,241
  • Oct 17, 2011 7:26am Oct 17, 2011 7:26am
Quoting mla


I vouch you for this.

mla


thx mla, but why, i dont deserve one for that ???
  • #3,242
  • Oct 17, 2011 7:28am Oct 17, 2011 7:28am
Quoting huskyboy
thx mla, but why, i dont deserve one for that ???


Yes you do, and also for your passion for trading.

Good night.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,243
  • Oct 17, 2011 7:39am Oct 17, 2011 7:39am
Made almost 90 pips scalping Euro. I think I'm done for today.

Quoting mla
We need to have a goal.

Lets say that we learn to trade and in 6 or 12 month we create and hedge fund
That would be cool!

Quoting mla
fund where the money we make we donate to the people in need.
No, that wouldn't be cool! Let's take care of ourselves and let the needy people take care of themselves!

Like a lot of rich Americans say: "My Favorite Charity Is Me!"

Let's make the billion dollars for ourselves!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,244
  • Oct 17, 2011 7:42am Oct 17, 2011 7:42am
Quoting Favorite
Made almost 90 pips scalping Euro. I think I'm done for today.



That would be cool!



No, that wouldn't be cool! Let's take care of ourselves and let the needy people take care of themselves!

Like a lot of rich Americans say: "My Favorite Charity Is Me!"

Let's make the billion dollars for ourselves!

hahahha favorite nice job mate.
Have I got something on my face, SOLDIER?
  • #3,245
  • Oct 17, 2011 7:42am Oct 17, 2011 7:42am
Quoting mla


Yes you do, and also for your passion for trading.

Good night.

mla

Thank you very much, your strategy is my passion
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  • #3,246
  • Oct 17, 2011 7:50am Oct 17, 2011 7:50am
Quoting bumapatria
he lost a lot he feels bad about it, and wants me to help. I can but probably dont want to because i just dont feel his drive on his side to learn. I will say the amount: $5000, he lost and became $1451. he acts as if money grows on trees or something. i began explaining that that much money can feed a family for a month, give them a life. He shows no drive and no will, yet he feels desperate. What should i do?

trust my heart?
lol...

i need opinions
buma, I know that you don't want to talk about this right now, but I won't be at the forum until tomorrow, so I want to say something about it right now.

Traders don't manage money because they want to help somebody who is desperate. Traders manage money in order to make money for their clients and to make some money for themselves.

You have the right to choose your clients.

If it is a smart guy who understands the risk and believes in you and does what you think is right - then it is a good client.

If the guy is desperate and just wants you to get him back what he lost - it is a bad client, it is "a problem client", and you don't want him.

Don't let him to make his problems to be your problems! You're supposed to manage other people's money, NOT other people's problems!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,247
  • Oct 17, 2011 8:15am Oct 17, 2011 8:15am
Quoting Favorite
buma, I know that you don't want to talk about this right now, but I won't be at the forum until tomorrow, so I want to say something about it right now.

Traders don't manage money because they want to help somebody who is desperate. Traders manage money in order to make money for their clients and to make some money for themselves.

You have the right to choose your clients.

If it is a smart guy who understands the risk and believes in you and does what you think is right - then it is a good client.

If the guy is desperate and just wants...

Thanks favorite, i have already ended the whole brokerage thing. Thank you id vouch you over again, i never regretted my vouch for anyone, its complete b/s saying ff is not credible because many people are getting v's but you deserve it 10 times over

take care favorite
Have I got something on my face, SOLDIER?
  • #3,248
  • Oct 17, 2011 8:43am Oct 17, 2011 8:43am
silver is my babe today..

she's shining brighter than gold..

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  • #3,249
  • Oct 17, 2011 9:03am Oct 17, 2011 9:03am
Posted this chart over in EurAnalysis too. If the steeper 1H/4H trendline is broken, the second less steep one is still hanging in there, though not as firm. Might see a bounce off it though.
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  • #3,250
  • Oct 17, 2011 9:07am Oct 17, 2011 9:07am
hmm yeah.

i still think euro is in bull mode, that bearish move was great, nice pip catches there, but it needs something bigger to actually re-trend the whole instrument.

for the time being, channel on gold held with rejections at bottom, its a 61.8 expansion level, and if it breaks, its a sign that there is bearish continuation big time.
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  • #3,251
  • Oct 17, 2011 9:14am Oct 17, 2011 9:14am
setting stop loss to profit and giving it enough space to work out its sweat and run up.

im checking sentiment all over the place, gold looks feckin bullish.

technically yes too.
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  • #3,252
  • Oct 17, 2011 9:20am Oct 17, 2011 9:20am
inching stop loss even higher. if it gets caught, more profit than last time.


a few traps happened, few fake pinbar setups happened. but highs keep getting hit and higher, so bulsl are in control so far.
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  • #3,253
  • Oct 17, 2011 9:22am Oct 17, 2011 9:22am
hi erebus, hi tedge!

how is it going?
Have I got something on my face, SOLDIER?
  • #3,254
  • Oct 17, 2011 9:28am Oct 17, 2011 9:28am
gold closed at 190+.

no losses so far today all profit.

i am short on silver double rejections on silver, nice long wicks, followed by bearish momentum.

demand levels are way too far back, i will check that soon see where possible targets may be judging from the past.
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  • #3,255
  • Oct 17, 2011 9:31am Oct 17, 2011 9:31am
Quoting bumapatria
gold closed at 190+.

no losses so far today all profit.

i am short on silver double rejections on silver, nice long wicks, followed by bearish momentum.

demand levels are way too far back, i will check that soon see where possible targets may be judging from the past.
Good trades today.
Congratulations.
Silver and gold giving similar setups.
BEING PROFESSIONAL IS ALL ABOUT HOW YOU CONTROL FASTEST THING--UR MIND!
  • #3,256
  • Oct 17, 2011 9:31am Oct 17, 2011 9:31am
silver bearish channel spotted.

gold bullish channel doesnt look to hold with all that downside momentum to it.
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  • #3,257
  • Oct 17, 2011 9:32am Oct 17, 2011 9:32am
Quoting Anup
Good trades today.
Congratulations.
Silver and gold giving similar setups.
hey anup! how are you man?

i see u got some kick-ass setups on your thread, keep up the long term stuff dude, i suck at that, i try my best on lower timeframes and short term trades.

Hang around here sometime

we got cool people, but now people asleep...
Have I got something on my face, SOLDIER?
  • #3,258
  • Oct 17, 2011 9:33am Oct 17, 2011 9:33am
hi tedge you ok, i9 just got back in room
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,259
  • Oct 17, 2011 9:36am Oct 17, 2011 9:36am
Quoting bumapatria
hey anup! how are you man?

i see u got some kick-ass setups on your thread, keep up the long term stuff dude, i suck at that, i try my best on lower timeframes and short term trades.

Hang around here sometime

we got cool people, but now people asleep...
I am good. Thank you.

Yes the long term as well as short term set ups working fine.

Long term set ups will take some time to pan out.

I will surely drop some thoughts here in a while..You to feel free to dropby on my trading journal!

Wish you many pips!
BEING PROFESSIONAL IS ALL ABOUT HOW YOU CONTROL FASTEST THING--UR MIND!
  • #3,260
  • Oct 17, 2011 9:49am Oct 17, 2011 9:49am
for ntrpz1:

supply and demand boxes

here is a chart of kiwi/dollar:

so basically that indecision is actually a real level in which buyers look to buy and sellers look to sell.

ntprz if u have any questions, or anyone, please ask
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