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14 Year Old Forex Trader's Lessons

  • #3,381
  • Oct 18, 2011 2:12am Oct 18, 2011 2:12am
closed 0.02 of inital 1.00 of lot,

0.08 running.

price at key demand. if this turns out with long bottom wick, im bailing.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #3,382
  • Oct 18, 2011 2:14am Oct 18, 2011 2:14am
closed out. valley made in silver, and long bottom wick. sellers taking profits, im a seller that is a sign to take profits.

only reason why i used a large lot is to show that fundamental trading works with all lots. fundies come first, technicals are late.
Have I got something on my face, SOLDIER?
  • #3,383
  • Oct 18, 2011 2:15am Oct 18, 2011 2:15am
silver should retreat right about now. its priced at $31.03, rejected lower than $31.
Have I got something on my face, SOLDIER?
  • #3,384
  • Oct 18, 2011 2:15am Oct 18, 2011 2:15am
Quoting bumapatria
closed out. valley made in silver, and long bottom wick. sellers taking profits, im a seller that is a sign to take profits.

only reason why i used a large lot is to show that fundamental trading works with all lots. fundies come first, technicals are late.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,385
  • Oct 18, 2011 2:20am Oct 18, 2011 2:20am
yup PT

i learned it all with lots of people caring so much for FA that when i was an amateur i was like.. pft.... so what. I realized that it does move markets, i had a long once in live it was up at 40 pips profit, had a 17 pip stop loss, and it was some bernanke speech that made my sl get caught in few seconds. lucky it even got hit.

Now, im incorporating it into my trading, and i dont care how many of you tell me not to use a large lot, that was an easy gain from fundies 101.

if i wasnt uh... what do u call it.. ALERT for the news and whats going on, i wouldve been blown away like shit. like, really, like shit.

trade with the news. technicals follow.

Mr. fundamental walks in front, Little boy Techincals follow.

for those who dont follow news, i suggest you do.
dont let it go against you, walk with it. follow it.

profit from that trade = $757.
Thats how much that can be made and more in less than 1 minute.

imagine thats how much you LOST, for not having regard for fundamentals.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #3,386
  • Oct 18, 2011 2:23am Oct 18, 2011 2:23am
Quoting bumapatria
closed out. valley made in silver, and long bottom wick. sellers taking profits, im a seller that is a sign to take profits.

only reason why i used a large lot is to show that fundamental trading works with all lots. fundies come first, technicals are late.
Buma, regarding fundies vs technicals, there are many ways to skin a cat (no, not literally..I am a cat lover). Personally, I don't pay attention to funnymentals but just go by what I see on the 5 mins chart ( trade noise! lol). I also think overanalysing is a crutch but to each their own, as long as it works, that's what matters.

Regards
Bak
  • #3,387
  • Oct 18, 2011 2:26am Oct 18, 2011 2:26am
Quoting Bakuli
Buma, regarding fundies vs technicals, there are many ways to skin a cat (no, not literally..I am a cat lover). Personally, I don't pay attention to funnymentals but just go by what I see on the 5 mins chart ( trade noise! lol). I also think overanalysing is a crutch but to each their own, as long as it works, that's what matters.

Regards
Bak
You sound like a wise traders to me

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,388
  • Oct 18, 2011 2:28am Oct 18, 2011 2:28am
Quoting Bakuli
Buma, regarding fundies vs technicals, there are many ways to skin a cat (no, not literally..I am a cat lover). Personally, I don't pay attention to funnymentals but just go by what I see on the 5 mins chart ( trade noise! lol). I also think overanalysing is a crutch but to each their own, as long as it works, that's what matters.

Regards
Bak
I have a cat! shes some calico mix norwegian forest breed. lol... yes true, but i said my side of the story and there it goes...

euro flying 23 pips, taking profits, and maybe buying spree to previous supply.

im buying silver 31.00 is key level. im using smaller lot now, no news yet, when there is, i send it the heavy-metal warriors. F-16's lol.

silver leads for now.
Attached Image (click to enlarge)
Click to Enlarge Name: silver leads.gif Size: 63 KB
Have I got something on my face, SOLDIER?
  • #3,389
  • Oct 18, 2011 2:29am Oct 18, 2011 2:29am
Quoting Bakuli
Buma, regarding fundies vs technicals, there are many ways to skin a cat (no, not literally..I am a cat lover). Personally, I don't pay attention to funnymentals but just go by what I see on the 5 mins chart ( trade noise! lol). I also think overanalysing is a crutch but to each their own, as long as it works, that's what matters.

Regards
Bak
oh yeah bakuli, 5 minute, tick chart, and 1 minute are not noise.
they lead.

i use peaks and valleys in tick charts to mark entry and exits.
worked fine with silver just now
Have I got something on my face, SOLDIER?
  • #3,390
  • Oct 18, 2011 2:31am Oct 18, 2011 2:31am
my quota for a year is filled lol.

~60%. from $1320, now at $2171.70.
~


Oh look our buddy redlion is here.

wonder what hes got to say.

"buma my wonder of a friend, you rescued and traded news... LIAR YOU LIAR *SLAP*, u trade stupid gann, LIAR STOP lying *sLAP*

HEHEHEHE

hey red
Have I got something on my face, SOLDIER?
  • #3,391
  • Oct 18, 2011 2:31am Oct 18, 2011 2:31am
Quoting mla
You sound like a wise traders to me

mla
Mla,

Lol, let's put it this way - the market taught me many painful lessons over the years and humbled me.

regards
Bak
  • #3,392
  • Oct 18, 2011 2:35am Oct 18, 2011 2:35am
Quoting bumapatria
yup PT

i learned it all with lots of people caring so much for FA that when i was an amateur i was like.. pft.... so what. I realized that it does move markets, i had a long once in live it was up at 40 pips profit, had a 17 pip stop loss, and it was some bernanke speech that made my sl get caught in few seconds. lucky it even got hit.

Now, im incorporating it into my trading, and i dont care how many of you tell me not to use a large lot, that was an easy gain from fundies 101.

if i wasnt uh... what do u call it.. ALERT for...



you get lucky once and you want to teach how it's done?

you are gambling Buma, that could have easily gone against you.

do 100 of those trades successfully and then come tell us how it's done

700+ CAN be made in 1 minute, so can -700 dollars be lost in the same amount of time.

go live and gamble in the FOREX casino.

i got enough of this bull shit.

all the foundations are laid out, all our input is there, all our teachings are in the thread. i suppose you are still 14. the analysis only carries you a third of the way, psychology and money management are the other components along with capitalization.

i got shit to do, so i will move along
AVT INVENIAM VIAM AVT FACIAM
  • #3,393
  • Oct 18, 2011 2:35am Oct 18, 2011 2:35am
Quoting Bakuli
Mla,

Lol, let's put it this way - the market taught me many painful lessons over the years and humbled me.

regards
Bak
speaking of lessons i remembered blowing my whole live account, for not respecting the market. i just did what i wanted, and in this business what you want is not buy or sell. You want to be on the right side to make profit. not buy or sell. its zero-sum, either youre on winning side or losing side.

thats how it is. as simple as it is, it aint huh?

well, blowing a whole live account is probably one of the best valleys that triggered me to climb out of a deep dark cave, with the help of my good friends and mentors.

Have I got something on my face, SOLDIER?
  • #3,394
  • Oct 18, 2011 2:37am Oct 18, 2011 2:37am
Quoting the redlion


you get lucky once and you want to teach how it's done?

you are gambling Buma, that could have easily gone against you.

do 100 of those trades successfully and then come tell us how it's done

700+ CAN be made in 1 minute, so can -700 dollars be lost in the same amount of time.

go live and gamble in the FOREX casino.

i got enough of this bull shit.

all the foundations are laid out, all our input is there, all our teachings are in the thread. i suppose you are still 14. the analysis only carries you a third of the way,...

u really think i would use over-leveraging with that lol. no way dude. it was just playing around. its a demo. yes i do realize that red. its a test for fundies.

im not doing that live. i have the regard for that.
do not worry. ever.
Have I got something on my face, SOLDIER?
  • #3,395
  • Oct 18, 2011 2:38am Oct 18, 2011 2:38am
Quoting Bakuli
Mla,

Lol, let's put it this way - the market taught me many painful lessons over the years and humbled me.

regards
Bak
To be humble is a prerogative in this business, as soon as you play God she is going to reduce you as dust.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,396
  • Oct 18, 2011 2:42am Oct 18, 2011 2:42am
Quoting bumapatria
u really think i would use over-leveraging with that lol. no way dude. it was just playing around. its a demo. yes i do realize that red. its a test for fundies.

im not doing that live. i have the regard for that.
do not worry. ever.
You are still no listening, I am started to get disappointed as well.
There is no any gratitude in you words. Just wind in the air.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,397
  • Oct 18, 2011 2:48am Oct 18, 2011 2:48am
Heres what red told me before:

Fundamentals come first, technicals follow.

the only reason for that lot is to prove that i dont care about the gain or loss, i just wanted to see the market's reaction based on what red taught me. if you guys still just look at the smalelr picture such as the lot size used, instead of me trying to fight back against my urge to disregard it?

you know i just put the lot to see if you guys actually understand what im doing. im sure you guys still think im talking about the profit. im not. im talking of a testing of a teaching from a mentor to a student. if u guys STILL think its about that financial profit, then i dont know what to say, you guys care more about that then what i just learnt. i never cared about the profit.

You guys see that i finally traded the news, but instead look at the lot size used?

i was just trying to see if red's teachings were true.

if u are still dissapointed go ahead, i dont think anyone ever understands what im doing, and always proves me wrong etc.
Have I got something on my face, SOLDIER?
  • #3,398
  • Oct 18, 2011 2:52am Oct 18, 2011 2:52am
Quoting bumapatria
u really think i would use over-leveraging with that lol. no way dude. it was just playing around. its a demo. yes i do realize that red. its a test for fundies.

im not doing that live. i have the regard for that.
do not worry. ever.
Red is right, and even though its only demo, it does not matter. If you start to develop these kind of attitudes, you will do yourself no good when it comes to live.

Now even though you believe that the fundies and techs, lined up perfectly there is no guarantee of anything, you are starting to speak like you know what is going to happen, which is a very dangerous state of mind.

besides it just takes 1 nit-wit politician or central bank to sneeze and instead of a "easy trade" you have a margin call.

TREAT THIS DEMO ACCOUNT LIKE IT WAS THE REAL DEAL.

Otherwise you will be like all the rest who demo and make millions, then go live and lose it all.

Trust us here, we are trying to help.
  • #3,399
  • Oct 18, 2011 3:00am Oct 18, 2011 3:00am
Quoting bumapatria
Heres what red told me before:

Fundamentals come first, technicals follow.



You guys see that i finally traded the news, but instead look at the lot size used?

i was just trying to see if red's teachings were true.

if u are still dissapointed go ahead, i dont think anyone ever understands what im doing, and always proves me wrong etc.
Its how bad habits start.....
  • #3,400
  • Oct 18, 2011 3:02am Oct 18, 2011 3:02am
okay i admit it that was gambling. its zero sum i couldve been the one losing. It coulve hurt me bad. im sorry for such idiotic stupidity. lets get moving.

lets move on then. John you are right, i am wrong.

making new account then from original balance after rescue.
Have I got something on my face, SOLDIER?
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