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14 Year Old Forex Trader's Lessons

  • #3,581
  • Oct 27, 2011 2:42am Oct 27, 2011 2:42am
Quoting bumapatria
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.
yeah the tooth fairy must have unplugged it lol.

my fault, i was messing around last night trying to speed up computer and ended up scheduling this check, did not realize it would take 2 or 3 hrs lol
  • #3,582
  • Oct 27, 2011 2:43am Oct 27, 2011 2:43am
volume climax up. possible downtrend start, i bought it, i think its just spike moving down in this session. larger yellow circle support not far from sight, i see possible holding. oanda's open positions favor long over short on a 85%+. gold is no short for long term...yet. enter this cycle red from a downmove, im in the money if PA goes for a swing low and strikes high. good rejection wick. exact time till cycle = 1.75 hours.
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Have I got something on my face, SOLDIER?
  • #3,583
  • Oct 27, 2011 3:01am Oct 27, 2011 3:01am
Quoting bumapatria
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.
I trade 7k $ acc with microlots.
  • #3,584
  • Oct 27, 2011 3:08am Oct 27, 2011 3:08am
Quoting Ravissek
I trade 7k $ acc with microlots.
any tips based on your gold experience?

im sure that grown very well over time
Have I got something on my face, SOLDIER?
  • #3,585
  • Edited 4:20am Oct 27, 2011 4:09am | Edited 4:20am
gold entering cycle bullish. better keep it bulls
also a demand level, i think tis a false break on the circular trendline

Add: on cycle now. shooting star preceeds current candle. either means a losing war by the bulls, or an effort to pass through enemy lines. volume shows climax up, buying interest increases.
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Have I got something on my face, SOLDIER?
  • #3,586
  • Oct 27, 2011 4:24am Oct 27, 2011 4:24am
hedges in gold are done, more space for capital for current buys.
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Have I got something on my face, SOLDIER?
  • #3,587
  • Oct 27, 2011 4:35am Oct 27, 2011 4:35am
[quote=bumapatria;5077262]gold entering cycle bullish. better keep it bulls
also a demand level, i think tis a false break on the circular trendline

well well...Buma have a new toy. It is the first time in 5 days ..H4 real time price regression is bending. This could turn into a deeper retracement if I am not wrong. I am selling this.

Triple confirmations..fractal break, regression channel break and h4 bar closes below ma5.
Wish me luck
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  • #3,588
  • Oct 27, 2011 4:44am Oct 27, 2011 4:44am
[quote=Myrza;5077342]
Quoting bumapatria
gold entering cycle bullish. better keep it bulls
also a demand level, i think tis a false break on the circular trendline

well well...Buma have a new toy. It is the first time in 5 days ..H4 real time price regression is bending. This could turn into a deeper retracement if I am not wrong. I am selling this.

Triple confirmations..fractal break, regression channel break and h4 bar closes below ma5.
Wish me luck
i can hedge it once more, and my loss is 30% equivalent to my short hedges. so i have a ton of room for this move.

heres the h4 chart of gold. im investing these buys so hedging is my way of minimizing loss. so any resisting and rejection of the mid-gann line.
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Have I got something on my face, SOLDIER?
  • #3,589
  • Oct 27, 2011 4:57am Oct 27, 2011 4:57am
[quote=bumapatria;5077368]
Quoting Myrza

i can hedge it once more, and my loss is 30% equivalent to my short hedges. so i have a ton of room for this move.

heres the h4 chart of gold. im investing these buys so hedging is my way of minimizing loss. so any resisting and rejection of the mid-gann line.

interesting chart..I dont understand that..it looks like a devils worshipper pentagram.
On bigger tf we are still so very bullish..I would look to buy lower.
1673-1685 area is looking good
  • #3,590
  • Oct 27, 2011 5:01am Oct 27, 2011 5:01am
[quote=Myrza;5077406]
Quoting bumapatria


interesting chart..I dont understand that..it looks like a devils worshipper pentagram.
On bigger tf we are still so very bullish..I would look to buy lower.
1673-1685 area is looking good
yup and this is sort of a buy and hold gold thing... lol hahaa myrza its a master chart in gann concepts lol..
Have I got something on my face, SOLDIER?
  • #3,591
  • Oct 27, 2011 5:33am Oct 27, 2011 5:33am
to whoever reading this post, there is no need to short eur/usd at ALL atm. there is no clear signal yet. its bullish, and i think it will stay that way.

gold longs atm. loss of momentum from bears. they ran away now. possible bull charging from now.
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  • #3,592
  • Oct 27, 2011 6:01am Oct 27, 2011 6:01am
there is no reason to short the damn thing yet!!! lol...

euro is not moving down yet, gold respected cycle well, and hit on demand. trades are in profit 2 are still in the minus zone
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Have I got something on my face, SOLDIER?
  • #3,593
  • Oct 27, 2011 6:08am Oct 27, 2011 6:08am
here is the gold longs right now.
profit u can see on the iExposure indicator window below.
yes its small, i trade micro lots of 0.01 for gold. especially compounding positions its best to minimize as much risk as possible and maximizing profit by minimizing leverage imho.

ADD: 2nd chart is bigger jump.
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Have I got something on my face, SOLDIER?
  • #3,594
  • Oct 27, 2011 6:31am Oct 27, 2011 6:31am
Hi dear friends
Eur Usd analysis

Cheers
aligater
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born to speculate
  • #3,595
  • Oct 27, 2011 6:34am Oct 27, 2011 6:34am
[quote=Myrza;5077342]
Quoting bumapatria
gold entering cycle bullish. better keep it bulls
also a demand level, i think tis a false break on the circular trendline

well well...Buma have a new toy. It is the first time in 5 days ..H4 real time price regression is bending. This could turn into a deeper retracement if I am not wrong. I am selling this.

Triple confirmations..fractal break, regression channel break and h4 bar closes below ma5.
Wish me luck
well..sl hit
better luck next time
  • #3,596
  • Oct 27, 2011 6:37am Oct 27, 2011 6:37am
Quoting aligater
Hi dear friends
Eur Usd analysis

Cheers
aligater
someone who is smart enough to buy
good job aligater, i see a whole thread wanting to sell once. bias can be destructive if its rigid, and not fluid. we gotta be like water, and be able to move quick, think quick, be like water.

good job mate
gold longs are right now at 2000+ points net
Have I got something on my face, SOLDIER?
  • #3,597
  • Oct 27, 2011 6:41am Oct 27, 2011 6:41am
i made purely new account for gold. and gold is respecting cycles so far. yet one cannot be presumed to be too rigid and stick with turning points all the time. if verticals match, and horizontals match, and PA doesnt match, why dance with her?
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  • #3,598
  • Oct 27, 2011 7:19am Oct 27, 2011 7:19am
euro interesting. with gdp data coming out in 15 mins, and cycle coming to play and sup/res everywhere,this might be very interesting for us to play. and risky.

my highest gold buy i put BE stop loss in case.

white ellipse is area of interest, and white red arrows show possible case scenarios
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  • #3,599
  • Oct 27, 2011 7:40am Oct 27, 2011 7:40am
released gold longs, soldiers won the battle +~2000 points on that one. short euro/usd for me now.


gold off and selling, euro should follow soon
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Have I got something on my face, SOLDIER?
  • #3,600
  • Oct 27, 2011 7:41am Oct 27, 2011 7:41am
Quoting bumapatria
someone who is smart enough to buy
good job aligater, i see a whole thread wanting to sell once. bias can be destructive if its rigid, and not fluid. we gotta be like water, and be able to move quick, think quick, be like water.

good job mate
gold longs are right now at 2000+ points net
my dear
I have seen this market reflection on sunday
everyone see things in different times, becouse it depens on what you look at

Cheers
aligater

p.s. my daily number 1.4093 watch pa there
born to speculate
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