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14 Year Old Forex Trader's Lessons

  • #3,561
  • Edited 5:24pm Oct 26, 2011 5:09pm | Edited 5:24pm
closed out gold long for good +400. shorting gold now for ~200 target. falling into cycle.

ima eat breakfast now, and study for a while till 2 hours or more then back trading.\

Stop loss to +5.
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Have I got something on my face, SOLDIER?
  • #3,562
  • Oct 26, 2011 5:41pm Oct 26, 2011 5:41pm
+300 right now. stop loss moved to +50.
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  • #3,563
  • Oct 26, 2011 5:53pm Oct 26, 2011 5:53pm
TP Hit +500 profit. 500 more i meet daily target for gold.


now i can completely rest. no trades for me for gold till 15:15 GMT which is 10:15 pm on my time.

on euro i wanna look at 12:00 GMT which is 7 PM my time.

so im all done till those times!
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  • #3,564
  • Oct 27, 2011 1:03am Oct 27, 2011 1:03am
4000 huh.... finally
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  • #3,565
  • Oct 27, 2011 1:22am Oct 27, 2011 1:22am
we have a piercing line so far on m15 euro/usd, missed a cycle buy on it for 50 pips.

im now looking at a gold buy. i believe its still a very much risk-on market situation.

i just learnt circular trendlines from sir kambooj on his thread. i find it much more captivating and useful than ordinary trendlines.

gold is going to enter cycle soon and im hoping for it to close red on my buy. volume looks to say this is a pullback or beginning of a downtrend.
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  • #3,566
  • Oct 27, 2011 1:49am Oct 27, 2011 1:49am
Quoting bumapatria
we have a piercing line so far on m15 euro/usd,
piercing line is bullish reversal pattern / it's opposite is dark cloud cover.Careful of these on lower time frames / session open / strong trend -- they can prove unreliable
  • #3,567
  • Oct 27, 2011 1:53am Oct 27, 2011 1:53am
Quoting chazzle
piercing line is bullish reversal pattern / it's opposite is dark cloud cover.Careful of these on lower time frames / session open / strong trend -- they can prove unreliable
shame on me... thats what i meant yes its almost irrelevant for me candlestick patterns, i almost never trade CP. more on PA, and the behaviour instead of looking for patterns really. chazzle whats your thoughts on current market conditions? to me its risk-on. gold possibly hits 1750 by end of week, or next week. euro now at 1.4000. i say it has potential to reach 1.4100.
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  • #3,568
  • Oct 27, 2011 2:00am Oct 27, 2011 2:00am
Quoting bumapatria
chazzle whats your thoughts on current market conditions? to me its risk-on.
well , gold also a risk trade and that rallied , so ...

but looks like a Dollar dump from the pairs I have up on my screen right now - GU , EU , AU , UCHF , UCAD
  • #3,569
  • Oct 27, 2011 2:01am Oct 27, 2011 2:01am
Quoting chazzle
well , gold also a risk trade and that rallied , so ...

but looks like a Dollar dump from the pairs I have up on my screen right now - GU , EU , AU , UCHF , UCAD
its complete battle for supremacy now lol...

long term its still USD i see as potential good investment.
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  • #3,570
  • Oct 27, 2011 2:06am Oct 27, 2011 2:06am
Quoting bumapatria
long term
don't know what that is lol - have a good one Buma
  • #3,571
  • Oct 27, 2011 2:08am Oct 27, 2011 2:08am
Bumapatria> Trading live or demo? Because you can be good as fuck.Best in the world of trading in demo.And other day you strat trading live and all is fucked up.I know it really good.I was soo good on demo.Making good $$.And when i started live I dont trade that well.Its all about starting teaching live trades
  • #3,572
  • Oct 27, 2011 2:11am Oct 27, 2011 2:11am
Quoting chazzle
don't know what that is lol - have a good one Buma
hehe i see it as sort of good economic growth over a possible decade, rather than euro. i dont invest currency. gold some of my trades are like 2 weeks long holds, some are just hedges or scalps.
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  • #3,573
  • Oct 27, 2011 2:13am Oct 27, 2011 2:13am
Quoting Ravissek
Bumapatria> Trading live or demo? Because you can be good as fuck.Best in the world of trading in demo.And other day you strat trading live and all is fucked up.I know it really good.I was soo good on demo.Making good $$.And when i started live I dont trade that well.Its all about starting teaching live trades
i was live once blew it all due to lack of knowledge and stupidity in large amounts, it makes almost all of my body weight. im demo now going to re-live on 3 days with 1k capital trading micro on gold. euro/usd is second option of something to watch and have fun with swinging sometiems.

call me buma, rav.
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  • #3,574
  • Oct 27, 2011 2:20am Oct 27, 2011 2:20am
hows it going buma?

I have spent the last hour and a half waiting for my trading computer to start, its doing some stupid disk check!

so far its checked 10167321 0ut of 89129709 free clusters?????? aaaahhhhhh!
  • #3,575
  • Oct 27, 2011 2:21am Oct 27, 2011 2:21am
Gold short hedge successful, TP hit.
160+ points, and its to increase capital make it wider for running trade's equity to have space. its expected this drop of course. my long is an investment of one week maybe or longer?
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  • #3,576
  • Oct 27, 2011 2:26am Oct 27, 2011 2:26am
Quoting highlander2
hows it going buma?

I have spent the last hour and a half waiting for my trading computer to start, its doing some stupid disk check!

so far its checked 10167321 0ut of 89129709 free clusters?????? aaaahhhhhh!
hey john where were u coupla days ago?
u know u coulda cancelled the disk check when its prompted hehe gold is treating me well. getting feel of it now. good profit 500 points aroudn there a day, gold buy now i just succesfuly hedged the sell, and system is well. all swell for next 3 days. next week live trading.

i think gold will find support somewher in 2 hours or so.
Have I got something on my face, SOLDIER?
  • #3,577
  • Oct 27, 2011 2:29am Oct 27, 2011 2:29am
Quoting bumapatria
i was live once blew it all due to lack of knowledge and stupidity in large amounts, it makes almost all of my body weight. im demo now going to re-live on 3 days with 1k capital trading micro on gold. euro/usd is second option of something to watch and have fun with swinging sometiems.

call me buma, rav.
1k capital? You can burn it very fast.You need bigger to let it move sometimes
  • #3,578
  • Oct 27, 2011 2:32am Oct 27, 2011 2:32am
Quoting bumapatria
hey john where were u coupla days ago?
u know u coulda cancelled the disk check when its prompted hehe gold is treating me well. getting feel of it now. good profit 500 points aroudn there a day, gold buy now i just succesfuly hedged the sell, and system is well. all swell for next 3 days. next week live trading.

i think gold will find support somewher in 2 hours or so.
yeah it said "press any key to skip DSKCHK", i pressed every key there was and it still does it!

give me strength!
  • #3,579
  • Oct 27, 2011 2:34am Oct 27, 2011 2:34am
Quoting Ravissek
1k capital? You can burn it very fast.You need bigger to let it move sometimes
micro lots my friend. 0.01-max0.02 for starters. and i dont just buy and sell all over the place on gold. i dont just buy either and wait. i try to get the lowest risk entry like i usually do.

i dont overleverage so a -1000 loss is 10% on gold, and yes that would suck very bad.

euro has been annoying lately. i find gold an easier trade.
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  • #3,580
  • Oct 27, 2011 2:36am Oct 27, 2011 2:36am
Quoting highlander2
yeah it said "press any key to skip DSKCHK", i pressed every key there was and it still does it!

give me strength!
its your keyboard not plugged in to the cpu lol.
its hould be done now right?
its a process at startup and DOS before windows login or mac login or banana logins.
Have I got something on my face, SOLDIER?
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