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14 Year Old Forex Trader's Lessons

  • #4,021
  • Nov 2, 2011 1:14am Nov 2, 2011 1:14am
euro entering my supply zone.
let it enter the wick...

awaiitng once it hits 161.8 and supply.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #4,022
  • Nov 2, 2011 1:15am Nov 2, 2011 1:15am
Quoting bumapatria
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
That is the wrong approach. You should forget about your loss. If you dont they just going to get bigger .

mla
"The Heart is the hub of all dances; go there and chill out"
  • #4,023
  • Nov 2, 2011 1:16am Nov 2, 2011 1:16am
Quoting mla
That is the wrong approach. You should forget about your loss. If you dont they just going to get bigger .

mla
okay then. forgotten.
you are right need to focus more on wins then losses, and how to profit.
Have I got something on my face, SOLDIER?
  • #4,024
  • Nov 2, 2011 1:21am Nov 2, 2011 1:21am
Good morning guys/gals/world!
  • #4,025
  • Nov 2, 2011 1:24am Nov 2, 2011 1:24am
scalping gold.

take profit above demand.
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Have I got something on my face, SOLDIER?
  • #4,026
  • Nov 2, 2011 1:25am Nov 2, 2011 1:25am
Quoting N_Trader
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
Jonathan,

I started a while ago.
The point I am trying to make is this:
Do not worry what the others do and how they trade, do not get trapped in others way of trading.
Trading is difficult because people think they can borrow an idea, you cannot borrow, and if you do, you loose.
You never know what is behind somebody motifs when they talk about themselves or their trading. So what I do, Buma, Fti and others is not relevant to your success in trading.
My suggestion to you is to learn to trade. How do you do that? Not listening to me for sure. Just look at the charts and invest your energies there, and not trying to find a easy way out, is not there, the only way out is you.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #4,027
  • Nov 2, 2011 1:27am Nov 2, 2011 1:27am
@Mla,

this is why i have him on my thread.


@bakuli

good morning man!
Have I got something on my face, SOLDIER?
  • #4,028
  • Nov 2, 2011 1:29am Nov 2, 2011 1:29am
we have divergence. euro jumps up while gold stands still. few more pips my sell order is waiitng.
Have I got something on my face, SOLDIER?
  • #4,029
  • Nov 2, 2011 1:30am Nov 2, 2011 1:30am
Quoting bumapatria
we have divergence. euro jumps up while gold stands still. few more pips my sell order is waiitng.
up we go
  • #4,030
  • Nov 2, 2011 1:30am Nov 2, 2011 1:30am
Quoting bumapatria
okay then. forgotten.
you are right need to focus more on wins then losses, and how to profit.
If you feel you lost a bit of your confidence, trade small, so if you loose again, does not matter, when you start to gain confidence because you are making profit again the you trade more again. Protect your head.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #4,031
  • Nov 2, 2011 1:33am Nov 2, 2011 1:33am
Quoting mla
If you feel you lost a bit of your confidence, trade small, so if you loose again, does not matter, when you start to gain confidence because you are making profit again the you trade more again. Protect your head.

mla
yep thats what im doing. smallest lots ever. 0.01.

taking profit on this one above demand as well.
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Have I got something on my face, SOLDIER?
  • #4,032
  • Nov 2, 2011 1:34am Nov 2, 2011 1:34am
oh look callistos here.... -0.0-

hes gonna catch my stop again!

not this time, i have no stop

ride with me callisto!
Have I got something on my face, SOLDIER?
  • #4,033
  • Nov 2, 2011 1:35am Nov 2, 2011 1:35am
Quoting mla
Jonathan,

I started a while ago.
The point I am trying to make is this:
Do not worry what the others do and how they trade, do not get trapped in others way of trading.
Trading is difficult because people think they can borrow an idea, you cannot borrow, and if you do, you loose.
You never know what is behind somebody motifs when they talk about themselves or their trading. So what I do, Buma, Fti and others is not relevant to your success in trading.
My suggestion to you is to learn to trade. How do you do that? Not listening to me for sure....
Mla,

I think one can borrow ideas but then the hard work with screentime, forward testing is needed to refine and make it "your own". I entirely agree with you that there is no easy way out. Personally I feel the biggest hurdles are our "scorpions" as FTI pointed out.

Regards
Bak
  • #4,034
  • Nov 2, 2011 1:38am Nov 2, 2011 1:38am
Quoting Bakuli
Mla,

I think one can borrow ideas but then the hard work with screentime, forward testing is needed to refine and make it "your own". I entirely agree with you that there is no easy way out. Personally I feel the biggest hurdles are our "scorpions" as FTI pointed out.

Regards
Bak
yup. fear - greed - complacency - anger - etc.
dance with your demons. let these emotions guide you in the right path. dont kill these emotions, let them guide you.
Have I got something on my face, SOLDIER?
  • #4,035
  • Nov 2, 2011 1:41am Nov 2, 2011 1:41am
Quoting bumapatria
yep thats what im doing. smallest lots ever. 0.01.

taking profit on this one above demand as well.


mla
"The Heart is the hub of all dances; go there and chill out"
  • #4,036
  • Nov 2, 2011 1:44am Nov 2, 2011 1:44am
Quoting bumapatria
yep thats what im doing. smallest lots ever. 0.01.

taking profit on this one above demand as well.
It not exist Now its 0.1
My broker have only 0.1
Buts its same size as 0.01.
Always using microlots.
Best for many trades at once
  • #4,037
  • Nov 2, 2011 1:45am Nov 2, 2011 1:45am
stop loss to BE
lets see reaction from bulls now
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Have I got something on my face, SOLDIER?
  • #4,038
  • Nov 2, 2011 1:47am Nov 2, 2011 1:47am
Quoting Ravissek
It not exist Now its 0.1
My broker have only 0.1
Buts its same size as 0.01.
Always using microlots.
Best for many trades at once
yup also good for easy equity management
Have I got something on my face, SOLDIER?
  • #4,039
  • Nov 2, 2011 1:50am Nov 2, 2011 1:50am
Quoting Bakuli
Mla,

I think one can borrow ideas but then the hard work with screentime, forward testing is needed to refine and make it "your own". I entirely agree with you that there is no easy way out. Personally I feel the biggest hurdles are our "scorpions" as FTI pointed out.

Regards
Bak
That is right, we need to go through the pain, if we dont, we will not learn.

There about a million systems out there, we need to find the one that more
reflects our personality mostly (copy, create, half copy half create, does not matter) and the apply it (greed, fear, emotion,desperations, happyness....)

mla

mla
"The Heart is the hub of all dances; go there and chill out"
  • #4,040
  • Nov 2, 2011 1:52am Nov 2, 2011 1:52am
false buy hope on demand. still into it 15 pips up now
Have I got something on my face, SOLDIER?
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