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14 Year Old Forex Trader's Lessons

  • #3,281
  • Oct 17, 2011 12:34pm Oct 17, 2011 12:34pm
Huh, I left without telling all you lovely people my trades that I setup, I covered 1/3 of both NZD and AUD shorts and opened a sell limit at 1.0265 and 0.798 with the same 1/3rd size.

I did it because:-

1)Book some profits

2)trendline coming in soon, pretty steep so shouldn't be too strong but H1 oversold, so should slowly move in late US / Drift up in Asia before renewed selling tomorrow.

Seems to me like a good plan, I may move sell limits higher depending on how Quickly we can move up through 50 on AUD and how much momentum the moves got. I will at least short at 80 though.

Jeremy.
  • #3,282
  • Oct 17, 2011 12:37pm Oct 17, 2011 12:37pm
damn forgot again. those added Sell limits have TP's at 1.0145 and if we bounce there we could set up a H&S and could re add shorts at the levels we are at now.

My plan sell and cover this reversal / downtrend until parity.
  • #3,283
  • Oct 17, 2011 12:37pm Oct 17, 2011 12:37pm
Quoting JeremyWS
Huh, I left without telling all you lovely people my trades that I setup, I covered 1/3 of both NZD and AUD shorts and opened a sell limit at 1.0265 and 0.798 with the same 1/3rd size.

I did it because:-

1)Book some profits

2)trendline coming in soon, pretty steep so shouldn't be too strong but H1 oversold, so should slowly move in late US / Drift up in Asia before renewed selling tomorrow.

Seems to me like a good plan, I may move sell limits higher depending on how Quickly we can move up through 50 on AUD and how much momentum the moves...
can u post a chart jeremy? i am interested in aussie and kiwi pairs
Have I got something on my face, SOLDIER?
  • #3,284
  • Oct 17, 2011 1:00pm Oct 17, 2011 1:00pm
Sure,

Here Is Aussie, where I plan to sell bounces.

Pretty simple trading, trendline nearby but as I said quite steep so shouldn't be too bad to overcome.

H1 oversold and bounce before sell to 23% fib then H&S may form and I'll Sell a bounce at around 1.0220, with TP at 1.00.

I may Add a pyramid short on a break of H&S, so therefore a sell stop at about 1.01.

That is an ideal plan, probably won't happen but looks good. But then again we never know how china's GDP will change things (AUD will be pretty affected as they are strongly linked)

NZD is basically the same, just adjust some numbers, very well correlated in these two.

Hope this is clear

Jeremy.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD bounce.jpg Size: 167 KB
  • #3,285
  • Oct 17, 2011 1:12pm Oct 17, 2011 1:12pm
At trendline now. could see a bounce here and now if ever.
  • #3,286
  • Oct 17, 2011 1:12pm Oct 17, 2011 1:12pm
Quoting JeremyWS
Sure,

Here Is Aussie, where I plan to sell bounces.

Pretty simple trading, trendline nearby but as I said quite steep so shouldn't be too bad to overcome.

H1 oversold and bounce before sell to 23% fib then H&S may form and I'll Sell a bounce at around 1.0220, with TP at 1.00.

I may Add a pyramid short on a break of H&S, so therefore a sell stop at about 1.01.

That is an ideal plan, probably won't happen but looks good. But then again we never know how china's GDP will change things (AUD will be pretty affected as they are strongly linked)

NZD...
feckin hell dude. nice analysis.. i will also look into those pairs more when i am not sniping

hey jeremy catch the vouch
Have I got something on my face, SOLDIER?
  • #3,287
  • Oct 17, 2011 1:22pm Oct 17, 2011 1:22pm
Here is my cable short.

stop loss at breakeven,

price was rejected at daily pivot bears defended well, gann resistance held well too, and bears not giving up R1 so far.

well its at Be, so i can chill..
Attached Image (click to enlarge)
Click to Enlarge Name: sl be cable.gif Size: 21 KB
Have I got something on my face, SOLDIER?
  • #3,288
  • Oct 17, 2011 1:28pm Oct 17, 2011 1:28pm
Quoting bumapatria
Here is my cable short.

stop loss at breakeven,

price was rejected at daily pivot bears defended well, gann resistance held well too, and bears not giving up R1 so far.

well its at Be, so i can chill..
That looks like a nice set-up, I use to love Cable but Aussie is now my favourite pair (behind E/U) it plays nicely along with Techincals and is high yielding so can have some nice directional moves (1000 pip move in 1 1/2 weeks). And if you catch them well.. $$$$

Finally, cheers for the vouch, I appreciate it

Jeremy.
  • #3,289
  • Oct 17, 2011 1:30pm Oct 17, 2011 1:30pm
Buma, You trade silver right?

Its very close to a trendline from the lows at $26 and could provide ~$1 bounce.

Just in case you didn't notice it (you probably did though)

Might put a small (500-1000 unit long) on XAG/EUR
Jeremy.
  • #3,290
  • Oct 17, 2011 1:33pm Oct 17, 2011 1:33pm
Quoting JeremyWS
That looks like a nice set-up, I use to love Cable but Aussie is now my favourite pair (behind E/U) it plays nicely along with Techincals and is high yielding so can have some nice directional moves (1000 pip move in 1 1/2 weeks). And if you catch them well.. $$$$

Finally, cheers for the vouch, I appreciate it

Jeremy.
party party party

now u gotta stay jeremy lol

im trying out what sorta feels like euro usd but calmer not as choppy..

maybe this aud/nzd best pair ever! i love to scalp this!
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd shit.gif Size: 24 KB



ah hell no, looks so.. ughh.. ntrpz traded this, and got like 2 pips and got scared lol. . it was a dare
Have I got something on my face, SOLDIER?
  • #3,291
  • Oct 17, 2011 1:34pm Oct 17, 2011 1:34pm
Quoting JeremyWS
Buma, You trade silver right?

Its very close to a trendline from the lows at $26 and could provide ~$1 bounce.

Just in case you didn't notice it (you probably did though)

Might put a small (500-1000 unit long) on XAG/EUR
Jeremy.
well since im going live soon, i think silver might not be the best. my broker has wide tp and sl for it, and its risky like that.
i might stick to gold, its real easy to get daily m5 gains
Have I got something on my face, SOLDIER?
  • #3,292
  • Oct 17, 2011 1:34pm Oct 17, 2011 1:34pm
closed my NZD/USD long from last week for a small loss (0.6%), very low chance of this market going higher now.

h2
Attached Image (click to enlarge)
Click to Enlarge Name: loss.jpg Size: 93 KB
  • #3,293
  • Oct 17, 2011 1:37pm Oct 17, 2011 1:37pm
gbp short +20
Have I got something on my face, SOLDIER?
  • #3,294
  • Oct 17, 2011 2:06pm Oct 17, 2011 2:06pm
Quoting bumapatria
party party party

now u gotta stay jeremy lol

im trying out what sorta feels like euro usd but calmer not as choppy..

maybe this aud/nzd best pair ever! i love to scalp this!Attachment


ah hell no, looks so.. ughh.. ntrpz traded this, and got like 2 pips and got scared lol. . it was a dare
Yeah looks good, I might give a go.

Jeremy.
  • #3,295
  • Oct 17, 2011 2:10pm Oct 17, 2011 2:10pm
Quoting JeremyWS
Yeah looks good, I might give a go.

Jeremy.
i say refrain from shorts, its on sort of an uptrend

ure nuts
Have I got something on my face, SOLDIER?
  • #3,296
  • Oct 17, 2011 2:24pm Oct 17, 2011 2:24pm
Quoting bumapatria
i say refrain from shorts, its on sort of an uptrend

ure nuts
Buy the dips and save them for your chips. Yummy
Those who say it cannot be done should not interrupt those who are doing it
  • #3,297
  • Oct 17, 2011 2:30pm Oct 17, 2011 2:30pm
Quoting PipTrapper
Buy the dips and save them for your chips. Yummy
PT trade this NOW. see if ur worthy..
make 1 pip i will kiss ur foot and be ur worthy slave for the rest of your living life.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd shit.gif Size: 24 KB
Have I got something on my face, SOLDIER?
  • #3,298
  • Oct 17, 2011 3:30pm Oct 17, 2011 3:30pm
long usdcad
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 39 KB
  • #3,299
  • Oct 18, 2011 12:11am Oct 18, 2011 12:11am
Quoting Tedge UK
long usdcad
nice tedge! how is it now?

any progress?

Have I got something on my face, SOLDIER?
  • #3,300
  • Oct 18, 2011 12:34am Oct 18, 2011 12:34am
Quoting bumapatria
nice tedge! how is it now?

any progress?

about same at mo....we will see
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