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14 Year Old Forex Trader's Lessons

  • #4,101
  • Nov 2, 2011 11:31am Nov 2, 2011 11:31am
closed 2/3 of position left 1/3 running. ill re-enter some other time when she lets me too. interest rate coming out. in 1:30 minutes.
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Have I got something on my face, SOLDIER?
  • #4,102
  • Nov 2, 2011 11:34am Nov 2, 2011 11:34am
hi buma you ok, good to see you on a winner and i believe you are now in the real world due to trading live, demo accounts a person will always play different (except me) its like playing poker online you'll see people playing for pennies or cents and they are rash but let them play with hard dollars well its a different game. Obviously you'll get losers it has to happen i had one last night plus i got out of one as well, anyway good trading i wont say good luck because we dont trade on luck. ps,,,, what do you know about HEIKEN-ASHI SMOOTHED and its not a band, if your answer is complex dont bother lol (kidding)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,103
  • Nov 2, 2011 11:37am Nov 2, 2011 11:37am
compounded. new supply level.

even better for me.
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  • #4,104
  • Nov 2, 2011 11:40am Nov 2, 2011 11:40am
Quoting billytt
hi buma you ok, good to see you on a winner and i believe you are now in the real world due to trading live, demo accounts a person will always play different (except me) its like playing poker online you'll see people playing for pennies or cents and they are rash but let them play with hard dollars well its a different game. Obviously you'll get losers it has to happen i had one last night plus i got out of one as well, anyway good trading i wont say good luck because we dont trade on luck. ps,,,, what do you know about HEIKEN-ASHI...
yes you are correct. losers happened yes, now i would like to keep a winning streak. great stuff in bold. you ruined it with the heiken ashi smoothed sentence.

its heiken ashi, japanese style candlesticks modified to show trend by color. it roughs out bears and bullish candles, and just colors based on trend.
Have I got something on my face, SOLDIER?
  • #4,105
  • Nov 2, 2011 11:41am Nov 2, 2011 11:41am
way too bullish currently. bullish rejection and good volume in single m5 candle . bullish inside bar.

closed out all trades.

rejection to the upside as well, sending in another short.
Have I got something on my face, SOLDIER?
  • #4,106
  • Nov 2, 2011 11:46am Nov 2, 2011 11:46am
yet another short on the high spike.

so i sold on the PB.
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  • #4,107
  • Nov 2, 2011 11:49am Nov 2, 2011 11:49am
i just thought i'd mention heiney wotsits, i dont touch it but i believe one can make some nice little systems with it, give me a pair and give me a clock thats all i need wayhay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,108
  • Nov 2, 2011 11:50am Nov 2, 2011 11:50am
best snipe of the day.

PA doesnt lie
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  • #4,109
  • Nov 2, 2011 11:53am Nov 2, 2011 11:53am
finally at last g/j shifted down, but i'm waiting until tomorrow for the big one , i say hopefully. and i say big as in just 40 pips
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,110
  • Nov 2, 2011 11:58am Nov 2, 2011 11:58am
long now? YES! max leverage it even!
^^
o.0
-xx---s <--------------------------------------- My cat
/ \

joking.. thats dumb. countertrend only at an awesome level. if it sucks or isnt good, dont.
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  • #4,111
  • Nov 2, 2011 12:00pm Nov 2, 2011 12:00pm
Quoting billytt
finally at last g/j shifted down, but i'm waiting until tomorrow for the big one , i say hopefully. and i say big as in just 40 pips
anything over 10 pips is to me considered well made profit.
Have I got something on my face, SOLDIER?
  • #4,112
  • Nov 2, 2011 12:04pm Nov 2, 2011 12:04pm
Only 40$ Profit today...
I think we can go down.
But its look like its growing with small corrrections.I dont want to open 2 positions long and watch the fall
  • #4,113
  • Nov 2, 2011 12:08pm Nov 2, 2011 12:08pm
Quoting Ravissek
Only 40$ Profit today...
I think we cen go down.
But its look like its growing with small corrrections.I dont want to open 2 positions long and watch the fall
that would be very smart indeed. dont say only, rav that is a lot. $40 is 4% of my equity.

50 pips up on this one. we still have 50 at least more. order still open

any bull candle before that is people taking good profits and not people actually buying to make profit.

a real signal would be a closed engulfing bullish candle. that woudl take a lot of liquidity of bulls and would possibly mean bear retreat
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  • #4,114
  • Nov 2, 2011 12:09pm Nov 2, 2011 12:09pm
Buma i agree 10 is good but for me to trade that way i'd have to alter my stake. If i make the trade then leave the pc i will get 40 pips more often than not but if i sit at pc i normally exit about 30 pips lol sometimes less. but sometimes when i dont put an exit on i' ve hit 100 pips plus and thats real good especially when i have big stakes on.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,115
  • Nov 2, 2011 12:13pm Nov 2, 2011 12:13pm
Quoting billytt
Buma i agree 10 is good but for me to trade that way i'd have to alter my stake. If i make the trade then leave the pc i will get 40 pips more often than not but if i sit at pc i normally exit about 30 pips lol sometimes less. but sometimes when i dont put an exit on i' ve hit 100 pips plus and thats real good especially when i have big stakes on.
of course billy, i wouldnt trade for 10 as well! im just saying if you make profit, that is good. no matter the amount.

that also dont mean cut winners short, and keep losers running.
Have I got something on my face, SOLDIER?
  • #4,116
  • Nov 2, 2011 12:13pm Nov 2, 2011 12:13pm
Quoting billytt
Buma i agree 10 is good but for me to trade that way i'd have to alter my stake. If i make the trade then leave the pc i will get 40 pips more often than not but if i sit at pc i normally exit about 30 pips lol sometimes less. but sometimes when i dont put an exit on i' ve hit 100 pips plus and thats real good especially when i have big stakes on.
Billy,
Do you use a trailing stoploss when you are away from your pc ?
Just curious.

Bak
  • #4,117
  • Nov 2, 2011 12:17pm Nov 2, 2011 12:17pm
Quoting Bakuli
Billy,
Do you use a trailing stoploss when you are away from your pc ?
Just curious.

Bak
i know its directed at billy
they should only be used in my opinion if you have big gains of over 100 pips. i would put a trail at 75 or 80 pips.

cause if you are right, then it shouldnt get hit.
Have I got something on my face, SOLDIER?
  • #4,118
  • Nov 2, 2011 12:21pm Nov 2, 2011 12:21pm
Quoting bumapatria
i know its directed at billy
they should only be used in my opinion if you have big gains of over 100 pips. i would put a trail at 75 or 80 pips.

cause if you are right, then it shouldnt get hit.
Thanks for your feedback Buma. I have to disagree with you here because I use a trailing stoploss very frequently with my daytrading and I am only aiming for around 20 pips for each trade. It serves to reduce my risk as soon as the trade goes in my direction and effectively gives me a better risk to reward ratio.

Bak
  • #4,119
  • Nov 2, 2011 12:25pm Nov 2, 2011 12:25pm
3650-3700.
my assassin insticts are flaring there.

i would maybe long with a 0.01 instead of 0.02 with so many supply levels all over the damn chart.
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  • #4,120
  • Nov 2, 2011 12:29pm Nov 2, 2011 12:29pm
closed out +40 now long. bull engulfing means increase of bullish momentum then previous. and triple rejections. what better?

tight stop of 25 pips.
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