14 Year Old Forex Trader's Lessons | Page 208 | Forex Factory

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14 Year Old Forex Trader's Lessons

  • #4,141
  • Nov 2, 2011 1:11pm Nov 2, 2011 1:11pm
stop loss to BE. if this goes there, im going to bed to know i made profit today.
Have I got something on my face, SOLDIER?
  • #4,142
  • Nov 2, 2011 1:12pm Nov 2, 2011 1:12pm
Just so you know I'm not just doing daily charts here was an earlier trade on AUD USD 5 min. See the support, the fib and the pips!
Attached Image (click to enlarge)
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  • #4,143
  • Nov 2, 2011 1:16pm Nov 2, 2011 1:16pm
i lost -$10.80 on spike, and 40 pips on current trade would make $8.
good enough as a sort of loss management.

TP set at 61.8 if win profit is 79 pips. meaning around $16.

but alas, i closed at 8 pips profit. total loss becomes $-9.20

today is profit day im glad for that alone.
Have I got something on my face, SOLDIER?
  • #4,144
  • Nov 2, 2011 1:19pm Nov 2, 2011 1:19pm
funny lol 5 wave pattern already made and the whole bullish spike was abc correctives. ahahahah!

easier in hindsight they say. but waves on elliot are also bigger and not always the small movements. waves within waves.
Have I got something on my face, SOLDIER?
  • #4,145
  • Nov 2, 2011 1:23pm Nov 2, 2011 1:23pm
Quoting billytt
i been doing this a long time, i know i said wish but thats one thing you should never do, desire yes. Should i ever do £200 a pip lol not i would still trade the same way. and secondly Bakuli you trade your way if trailing stop loss is good then use it , i can see where your going with it and it is good logic
Billy,

My long that was just taken out for +21 but I gave away more than 20 pips with the tsl. Do I regret it? No, because I already got my initial goal and anything extra would have been a bonus. I do intervene manually with the tsl if I feel a need so it's not too rigid an approach.
By the way, I use an EA to manage the tsl, courtesy of Steve Hopwood, a member of this forum.
Attached Image (click to enlarge)
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  • #4,146
  • Nov 2, 2011 1:26pm Nov 2, 2011 1:26pm
gbp on abc corrective pattern. i am long.
nearest supply not held well.

last trade of the day. too much ill be too greedy, and profit becomes loss.

there is perfect hit on demand, below u cant see on chart
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #4,147
  • Nov 2, 2011 1:29pm Nov 2, 2011 1:29pm
what time frame you on to say its 5th wave, i cannot zoom in your chart that much. my girl says it isnt and she says i owe her a tenner
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,148
  • Nov 2, 2011 1:34pm Nov 2, 2011 1:34pm
Referendum will be about the bailout deal not euro membership

Ff news from twitter.com
Have I got something on my face, SOLDIER?
  • #4,149
  • Nov 2, 2011 1:34pm Nov 2, 2011 1:34pm
Quoting billytt
what time frame you on to say its 5th wave, i cannot zoom in your chart that much. my girl says it isnt and she says i owe her a tenner
Is she the Billiy Elliot wave counter? LOL.
  • #4,150
  • Nov 2, 2011 1:45pm Nov 2, 2011 1:45pm
Israel Considers Pre-Emptive Attack On Iran
source


wtf are they thinking?! world war 3?! oh right... iran has nuclear weapons JUST LIKE IRAQ did too.. this is a huge mistake. many lives are going to die for one lame reason: monopoly and power. this is just sad.. look at the poor palestinians already! so called settlements MY ASS. destroying homes and taking their land over. Stupid mofus.

All my prayers to a war not happening. Everyone please pray too.
Have I got something on my face, SOLDIER?
  • #4,151
  • Nov 2, 2011 1:52pm Nov 2, 2011 1:52pm
Nice pinbar on 4h-Gold
  • #4,152
  • Nov 2, 2011 1:54pm Nov 2, 2011 1:54pm
Quoting billytt
what time frame you on to say its 5th wave, i cannot zoom in your chart that much. my girl says it isnt and she says i owe her a tenner
sorry bily i was busy just now. m5 mate. m5.

we might still ahve that large 3rd wave.
Have I got something on my face, SOLDIER?
  • #4,153
  • Nov 2, 2011 1:55pm Nov 2, 2011 1:55pm
Quoting Ravissek
Nice pinbar on 4h-Gold
there is no pin bar on 4 hour gold, first reason is that it doesn't fit the definition of the pin bar, second reason is that 4 hour candle did not close yet.
  • #4,154
  • Nov 2, 2011 1:55pm Nov 2, 2011 1:55pm
bullish pb im guessing?
Have I got something on my face, SOLDIER?
  • #4,155
  • Nov 2, 2011 1:55pm Nov 2, 2011 1:55pm
LOL.buma> You are here all day? When I look at this forum I see you as hyperactive trader Nostop posting
  • #4,156
  • Nov 2, 2011 1:57pm Nov 2, 2011 1:57pm
closed gbp buy +12.

great day today after getting back focus.
Have I got something on my face, SOLDIER?
  • #4,157
  • Nov 2, 2011 1:57pm Nov 2, 2011 1:57pm
Quoting ruffryders
there is no pin bar on 4 hour gold, first reason is that it doesn't fit the definition of the pin bar, second reason is that 4 hour candle did not close yet.
Yea.Long long 3 minutes.Not close
  • #4,158
  • Nov 2, 2011 2:01pm Nov 2, 2011 2:01pm
Quoting Ravissek
Yea.Long long 3 minutes.Not close
suggest you use a proper candle timer before posting misleading information.

http://img805.imageshack.us/img805/9171/xautimer.png
  • #4,159
  • Nov 2, 2011 2:03pm Nov 2, 2011 2:03pm
short on euro/usd
stop loss of 20 pips.

little abc is gone now.
wedge in the making and 3rd wave possible of larger moves.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #4,160
  • Nov 2, 2011 2:06pm Nov 2, 2011 2:06pm
ruffy has a point

and patterns dont always work. start with sup/res or sup dem as a base.


euro short and pattern confirmed.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
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