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14 Year Old Forex Trader's Lessons

  • #4,001
  • Nov 1, 2011 5:24pm Nov 1, 2011 5:24pm
damn its getting played over and over again.
lame bulls wont give up..

h/s now looks more likely. if it aint well just see some normal move down.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #4,002
  • Nov 1, 2011 5:26pm Nov 1, 2011 5:26pm
Quoting bumapatria
damn its getting played over and over again.
lame bulls wont give up..

h/s now looks more likely. if it aint well just see some normal move down.
when are you sleeping

Cheers
aligater
born to speculate
  • #4,003
  • Nov 1, 2011 5:26pm Nov 1, 2011 5:26pm
gbp usd false break nice hit on intersection of gann fans.
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Have I got something on my face, SOLDIER?
  • #4,004
  • Nov 1, 2011 5:30pm Nov 1, 2011 5:30pm
seriously gold buyers stop buying ur level is so used up... like more than i dont know how many times.


oh well lets wait.

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Have I got something on my face, SOLDIER?
  • #4,005
  • Nov 1, 2011 6:18pm Nov 1, 2011 6:18pm
implementing rescue maneuver currently.
closed at 6 pips. need to cover -$7.65
and i thought it was risk off with papandreou's decision..
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Have I got something on my face, SOLDIER?
  • #4,006
  • Nov 1, 2011 6:27pm Nov 1, 2011 6:27pm
possibly buying to sell it higher.

well no matter need to rescue trades here.
Have I got something on my face, SOLDIER?
  • #4,007
  • Nov 1, 2011 6:47pm Nov 1, 2011 6:47pm
market reaction ------> missing.
Have I got something on my face, SOLDIER?
  • #4,008
  • Nov 1, 2011 6:53pm Nov 1, 2011 6:53pm
Loss of -$7.45

Gold short if it reaches 40 point TP target loss would be $-3.45

if eu short hits 286 pip TP (yes huge) 50% fibonacci retracement on daily on 0.03 lot would mean $85.80.

and just leave it i guess on that trade.
Have I got something on my face, SOLDIER?
  • #4,009
  • Nov 1, 2011 6:57pm Nov 1, 2011 6:57pm
closed gold short 3 points+.
$-7.30.


i honestly do not like the supply being way really high. people might buy gold as safe haven till high supply at 1737.50s

id rather short the euro now.
Have I got something on my face, SOLDIER?
  • #4,010
  • Nov 1, 2011 7:01pm Nov 1, 2011 7:01pm
i will not use a stop loss on this short, fundies seem to be going in this direction, well just have to wait for more euro bears now.
Have I got something on my face, SOLDIER?
  • #4,011
  • Nov 1, 2011 7:02pm Nov 1, 2011 7:02pm
possible black swan event of qe3, i might need to just go take profit at BE net loss or something.
Have I got something on my face, SOLDIER?
  • #4,012
  • Nov 1, 2011 8:49pm Nov 1, 2011 8:49pm
It's amazing what you know at your age mate.

Keep it up!

Are you still on the larger TF? I still feel that 5M seems ideal for me. More reaction time. I'm not as quick as Mamood.
  • #4,013
  • Nov 1, 2011 8:54pm Nov 1, 2011 8:54pm
Quoting N_Trader
It's amazing what you know at your age mate.

Keep it up!

Are you still on the larger TF? I still feel that 5M seems ideal for me. More reaction time. I'm not as quick as Mamood.
Johnatan

How are you doing?

Feeling a bit more positive?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #4,014
  • Nov 1, 2011 9:25pm Nov 1, 2011 9:25pm
Quoting mla
Johnatan

How are you doing?

Feeling a bit more positive?

mla
Hi mla,

Thanks for asking

I'm feeling much better. How's your trading going on? Seems like opportune time for us this week. I haven't get to dance so far. Been down with a flu yest.

Regards
  • #4,015
  • Nov 1, 2011 9:32pm Nov 1, 2011 9:32pm
Quoting N_Trader
Hi mla,

Thanks for asking

I'm feeling much better. How's your trading going on? Seems like opportune time for us this week. I haven't get to dance so far. Been down with a flu yest.

Regards
I am glad that you are feeling better.

Look also at my thread, we post our charts, I few people does it included Buma.

You welcome to show yours if you wish. It will be good for you.

I think is time to trade for you not to philosophise.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #4,016
  • Nov 1, 2011 9:41pm Nov 1, 2011 9:41pm
Quoting mla
I am glad that you are feeling better.

Look also at my thread, we post our charts, I few people does it included Buma.

You welcome to show yours if you wish. It will be good for you.

I think is time to trade for you not to philosophise.

mla
Do you trade for a living?

Unfortunately I still have a day job. I can only trade NY session.
  • #4,017
  • Nov 1, 2011 9:47pm Nov 1, 2011 9:47pm
Quoting N_Trader
Do you trade for a living?

Unfortunately I still have a day job. I can only trade NY session.
Do I trade for a living? Never thought about that. Sorry do not know what to answer.

Well, you better keep it, until otherwise.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #4,018
  • Nov 1, 2011 10:37pm Nov 1, 2011 10:37pm
just took a nap... aah...
Have I got something on my face, SOLDIER?
  • #4,019
  • Nov 1, 2011 11:07pm Nov 1, 2011 11:07pm
well still -$6.30 down will need to recover soon.
0.02 can cover that with 31.5 pips.

so i should make a target somewhere there..

Fomc rate should also be good earnings pocket
Have I got something on my face, SOLDIER?
  • #4,020
  • Nov 1, 2011 11:14pm Nov 1, 2011 11:14pm
Quoting mla
Do I trade for a living? Never thought about that. Sorry do not know what to answer.

Well, you better keep it, until otherwise.

mla
Yep, will be keeping my day job

At least till I am ready to take the plunge.

So how long have you been trading fx? For me, I started 4 yrs ago.
You can pm me if you do not wish to b public about it

Cheers
Jonathan
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