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14 Year Old Forex Trader's Lessons

  • #3,741
  • Oct 30, 2011 10:02pm Oct 30, 2011 10:02pm
hi mla, your name popped up so i thought i'd come in and say hello. Hope your ok and most of all hope the pips are coming in.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,742
  • Oct 30, 2011 10:08pm Oct 30, 2011 10:08pm
Quoting billytt
hi mla, your name popped up so i thought i'd come in and say hello. Hope your ok and most of all hope the pips are coming in.
Hi Bill, long ti me no chat. Nice to have you back

How is your trading going?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,743
  • Oct 30, 2011 10:09pm Oct 30, 2011 10:09pm
Quoting mla
Good one, but there isluck involved, the yen intervention.

Of course you need to be there to be lucky. The Fortunes favours the braves.

mla
possibly, but technically it was very very possible sir mike
i wasnt gambling btw just to let you know, and its best to have it with ur way.. u know dance with her, nimbleness, and all.
Have I got something on my face, SOLDIER?
  • #3,744
  • Oct 30, 2011 10:13pm Oct 30, 2011 10:13pm
Quoting bumapatria
possibly, but technically it was very very possible sir mike
i wasnt gambling btw just to let you know, and its best to have it with ur way.. u know dance with her, nimbleness, and all.
I am not saying that, I am saying the int pushed it further.

Your entry was perfect, I was also short scalp made 7 pips, now I am back in.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,745
  • Oct 30, 2011 10:15pm Oct 30, 2011 10:15pm
Quoting mla
I am not saying that, I am saying the int pushed it further.

Your entry was perfect, I was also short scalp made 7 pips, now I am back in.

mla
pfft i knew the intervention happened...

nah...

well true it did push it.
i was like the ATR is not that much in 2 hours!!! ehehee....
Have I got something on my face, SOLDIER?
  • #3,746
  • Oct 30, 2011 10:18pm Oct 30, 2011 10:18pm
i still want to call you mia lol. i am only visiting here every so often as i honestly feel it hampers my trading. i started visiting here and went from 800ish pips per week to 500ish lol. Anyway i'm back to doing what i do best and that is trade at certain times with no indicators keep it simple, today has been an exception i have absolutely battered usd and jpy. i have been looking into ATR just lately and that looks a simple way to trade anyway mla look after yourself, billy
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,747
  • Oct 30, 2011 10:32pm Oct 30, 2011 10:32pm
Quoting billytt
i still want to call you mia lol. i am only visiting here every so often as i honestly feel it hampers my trading. i started visiting here and went from 800ish pips per week to 500ish lol. Anyway i'm back to doing what i do best and that is trade at certain times with no indicators keep it simple, today has been an exception i have absolutely battered usd and jpy. i have been looking into ATR just lately and that looks a simple way to trade anyway mla look after yourself, billy

108 pips profit currently
eurousd flies around 160 pips a day recently lets say it goes 120. 120 pips x 5 = 600 pips so damn man u caught all that moves? atr i dont trade it its just way of seeing range and watevers i dont know off. people use it for volatility stops and take profits that can be possible within range. Like Bollinger Bands, most use it for volatility stops and take profits. top of range and bands are ascending mean an uptrend. ranging bollingers are best. sell tops buy lows. if bands are down its a downtrend

Have I got something on my face, SOLDIER?
  • #3,748
  • Oct 30, 2011 10:43pm Oct 30, 2011 10:43pm
was the last message to me?? Today my main object was to trade g/u which i did very well it could of been a lot lot better but hay ho i took a big slice. my secondary trades being a/u e/j and e/u your right what you say about atr but the more i personally think about something the less i trade lol. put it simplified atr is like a road with traffic lights either end. take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,749
  • Oct 30, 2011 10:53pm Oct 30, 2011 10:53pm
Quoting billytt
was the last message to me?? Today my main object was to trade g/u which i did very well it could of been a lot lot better but hay ho i took a big slice. my secondary trades being a/u e/j and e/u your right what you say about atr but the more i personally think about something the less i trade lol. put it simplified atr is like a road with traffic lights either end. take care
like everything in trading, its a sort of guide
Have I got something on my face, SOLDIER?
  • #3,750
  • Oct 31, 2011 2:25am Oct 31, 2011 2:25am
running proift 130 pips+
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #3,751
  • Oct 31, 2011 2:32am Oct 31, 2011 2:32am
Quoting bumapatria
running proift 130 pips+


And do not get over excited .

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,752
  • Oct 31, 2011 3:08am Oct 31, 2011 3:08am
for some reason i still think its demo and i just buy and sell normally no hesitation of such sort. i feel great

here is long and short.

38.2% now have some reaction by bears
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #3,753
  • Oct 31, 2011 3:09am Oct 31, 2011 3:09am
STop loss buy hit +1.

we had lots of acceleration of momentum there
Have I got something on my face, SOLDIER?
  • #3,754
  • Oct 31, 2011 3:22am Oct 31, 2011 3:22am
Quoting bumapatria
STop loss buy hit +1.

we had lots of acceleration of momentum there
Good going Buma ...
Make sure you hold on to gains ..The current moves due to high volatility can create fakeouts more often..

All the best on live trading!
BEING PROFESSIONAL IS ALL ABOUT HOW YOU CONTROL FASTEST THING--UR MIND!
  • #3,755
  • Oct 31, 2011 3:23am Oct 31, 2011 3:23am
Quoting Anup
Good going Buma ...
Make sure you hold on to gains ..The current moves due to high volatility can create fakeouts more often..

All the best on live trading!
thanks anup for the update and the wishes
i wish all the same for you buddy
Have I got something on my face, SOLDIER?
  • #3,756
  • Oct 31, 2011 3:31am Oct 31, 2011 3:31am
well right now this candle is decisive.

never be fooled by price actions false dancing and fakes.
wicks are all on that low bears did not win that battle.

i have learnt this from another thread about candles and price action and i will begin to post on it shortly, as soon as i put a +1 stop loss on this babe

well abut basic bar patterns possible IB here.
Attached Image (click to enlarge)
Click to Enlarge Name: inside bar.gif Size: 25 KB
Have I got something on my face, SOLDIER?
  • #3,757
  • Oct 31, 2011 3:47am Oct 31, 2011 3:47am
so how can i win even though my long is losing? simple.
if my short is 0.02 lot size, and long is only 0.01, that means if i win the long its profit to maximize profit correct? and if long is minus -30 pips like now, im actually gaining $0.10 every time it goes down per pip, instead of a $0.20 gain.

if it goes up, ill get a +$0.10.

win both ways.
Have I got something on my face, SOLDIER?
  • #3,758
  • Oct 31, 2011 3:57am Oct 31, 2011 3:57am
Here it is now, virtually curently my short is losing while my long is winnig but locking in that long is basically minimizing loss and making win while you are losing,
even ifthat long is dead you are still making proift.

DAmn Redlion was right bout mm...

thanx red wherever u are.

rejected 23.6. and im still profitable every pip up or down.
Have I got something on my face, SOLDIER?
  • #3,759
  • Oct 31, 2011 4:13am Oct 31, 2011 4:13am
Quoting bumapatria
Here it is now, virtually curently my short is losing while my long is winnig but locking in that long is basically minimizing loss and making win while you are losing,
even ifthat long is dead you are still making proift.

DAmn Redlion was right bout mm...

thanx red wherever u are.

rejected 23.6. and im still profitable every pip up or down.
you have effectively just scaled out of your position by buying into your short.
  • #3,760
  • Oct 31, 2011 4:16am Oct 31, 2011 4:16am
Quoting highlander2
you have effectively just scaled out of your position by buying into your short.
in a way yes.

but its actually stil lthere so its well.. confusing hehe.. but you guys have been out there on the whole mm tricks and everything so im guesing that would be correct.

i never done this on demo, but seen many done it and did few calculations mathmetically, and voila possible, possible.

Have I got something on my face, SOLDIER?
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