14 Year Old Forex Trader's Lessons | Page 168 | Forex Factory

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14 Year Old Forex Trader's Lessons

  • #3,341
  • Oct 18, 2011 2:45am Oct 18, 2011 2:45am
Quoting the redlion
never mind up we go, will await for top of rallie
First time poster here but been lurking here for a while, seems fun. Am with you about waiting for top of rally. Caught the bearish impulse wave too on London opening and already tp'd and now waiting for my next entry (be it long or short, just going with the flow).
  • #3,342
  • Oct 18, 2011 2:46am Oct 18, 2011 2:46am
Quoting mla
I see, you are long eurusd, why is that? Mah.

mla
demand level with somewhat rejection.

they caught the assassin well, but not well enough when other assassinos come into play.
Have I got something on my face, SOLDIER?
  • #3,343
  • Oct 18, 2011 2:47am Oct 18, 2011 2:47am
Quoting Bakuli
First time poster here but been lurking here for a while, seems fun. Am with you about waiting for top of rally. Caught the bearish impulse wave too on London opening and already tp'd and now waiting for my next entry (be it long or short, just going with the flow).
welcome Bakuli, nice to have a new member around
Have I got something on my face, SOLDIER?
  • #3,344
  • Edited 2:55am Oct 18, 2011 2:50am | Edited 2:55am
Quoting bumapatria
welcome Bakuli, nice to have a new member around
Thanks for welcome kawan! I am not a frequent poster but I like coming to your thread to occupy myself during the loooooooooooooooong waiting that comes with trading.
  • #3,345
  • Oct 18, 2011 2:52am Oct 18, 2011 2:52am
Quoting Bakuli
Thanks for welcome kawan! I am not a frequent poster but I like coming to you thread to occupy myself during the loooooooooooooooong waiting that comes with trading.
welcome welcome dude
Have I got something on my face, SOLDIER?
  • #3,346
  • Oct 18, 2011 2:57am Oct 18, 2011 2:57am
Quoting bumapatria
demand level with somewhat rejection.

they caught the assassin well, but not well enough when other assassinos come into play.
?????

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,347
  • Oct 18, 2011 2:59am Oct 18, 2011 2:59am
Quoting mla
?????

mla
rescuing. im rescuing.

i send one of my snipers, now bleeding to death.

2 others came to help?
maybe giving him an aspirin pil to heal the wound.

if the enemy shoots my rescue team as well, then i accept their deaths.

Have I got something on my face, SOLDIER?
  • #3,348
  • Oct 18, 2011 3:05am Oct 18, 2011 3:05am
3660 potential level for bears.

im geetting feeling it would reach that far for bears.

that is the REAL demand, but last time it reached there it rose 240 pips in 141 hours which is 5.875 days, lets say its 6. so in a day it took 40 pips bull rise.


dunno though.


im holding these for maybe today.

reaches -100, 7% of my equity time to bail.
Have I got something on my face, SOLDIER?
  • #3,349
  • Oct 18, 2011 3:08am Oct 18, 2011 3:08am
bailed out.
Have I got something on my face, SOLDIER?
  • #3,350
  • Oct 18, 2011 3:13am Oct 18, 2011 3:13am
Quoting bumapatria
i cuahgt that 20 too! so did pedro!

well now im coutnering that sell with a buy,
I see, I do not understand why you did this?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,351
  • Oct 18, 2011 3:14am Oct 18, 2011 3:14am
Quoting bumapatria
bailed out.
You did well bailing out. Accepting when one is wrong is one of the big hurdle a trader needs to overcome. Well done. Now go get em!!! lol (in stealth mode)
  • #3,352
  • Oct 18, 2011 3:16am Oct 18, 2011 3:16am
covered 1/4 @ +63p. 1/4 remaining.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,353
  • Oct 18, 2011 3:18am Oct 18, 2011 3:18am
Quoting the redlion
just got home, im catching 17 pips of the bearish impulse wave

sL moved to small profit, i am afraid this down impulse thrust might be losing momentum however it is having trouble going above 1.3696


mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,354
  • Oct 18, 2011 3:19am Oct 18, 2011 3:19am
people make mistakes.
i saw rejecction you saw continuation,

my silver rescue closed +$4.00
opened another buy on silver.

still down -$40.
Have I got something on my face, SOLDIER?
  • #3,355
  • Oct 18, 2011 3:22am Oct 18, 2011 3:22am
price stalling.

silver starts off with a buy.
2ble rejections below, sellers looking exhausted (or resting)

lets see if i really can cover my hole of -$40 now.

all i need is 1 point on silver it would be

+$10 net profit.
Have I got something on my face, SOLDIER?
  • #3,356
  • Oct 18, 2011 3:26am Oct 18, 2011 3:26am
Well euro right now with spinning top equal sides of the battle, wicks are almost at equal length, aka price stallling, people are not trading like they did just now. it is at equilibrium. if that high is beaten at the hourly close, that is bulls winning the war, vice versa if the low is taken out aggresively, bears win the war.

right now the battle is at rest
Have I got something on my face, SOLDIER?
  • #3,357
  • Oct 18, 2011 3:27am Oct 18, 2011 3:27am
tweezer bottoms on silver at key demand.
Have I got something on my face, SOLDIER?
  • #3,358
  • Oct 18, 2011 3:30am Oct 18, 2011 3:30am
in 1 minute gbp cpi coming out.

if positive good buy on cable, and metals.
Have I got something on my face, SOLDIER?
  • #3,359
  • Oct 18, 2011 3:31am Oct 18, 2011 3:31am
positive.

china cpi postiive,

uk data postiive.
Attached Image
Have I got something on my face, SOLDIER?
  • #3,360
  • Oct 18, 2011 3:33am Oct 18, 2011 3:33am
next data.

should be a good sell on these release if forecasted is lower or higher for euro data, and bullish on US data.
Attached Image (click to enlarge)
Click to Enlarge Name: next data.JPG Size: 21 KB
Have I got something on my face, SOLDIER?
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