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14 Year Old Forex Trader's Lessons

  • #4,301
  • Nov 4, 2011 6:37am Nov 4, 2011 6:37am
Quoting mla
Well I do no agree with you sorry.

mla
ok then , obviously not the comment you wanted lol
  • #4,302
  • Nov 4, 2011 6:38am Nov 4, 2011 6:38am
lol haha chazzle's right. okay mla, stay cool man...


chazzle hows YOUR day?

u got '%?

haha
Have I got something on my face, SOLDIER?
  • #4,303
  • Nov 4, 2011 6:42am Nov 4, 2011 6:42am
Quoting bumapatria
lol haha chazzle's right. okay mla, stay cool man...


chazzle hows YOUR day?

u got '%?

haha
Buma

Sometimes you really irritate me. I guess , must be your age, I am no sure.

Good night.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #4,304
  • Nov 4, 2011 6:42am Nov 4, 2011 6:42am
Quoting bumapatria
lol haha chazzle's right. okay mla, stay cool man...


chazzle hows YOUR day?

u got '%?

haha
all good thanks Buma , would like to get done before NFP , I could call it a week here and be happy with it..... If I wasn't just a tiny bit greedy
  • #4,305
  • Nov 4, 2011 6:44am Nov 4, 2011 6:44am
Quoting bumapatria
haha yah motherfucker i won! i wouldnt have it werent for redlions constant coaching on rescuing. he never closed a trade in loss. do u believe that? he might be losing but he always closes in profit

$0.70 profit for the day aka 7 pips on 0.01. im done...!
GO MM!!!
:rock on:

going to jiujitsu soon.

no one messes with the assassin.
Buma,

A word of warning if I may. What you are doing is ok as long as you remain very focussed and ready to "bite the bullet" if it all goes wrong. If not, one day a tsunami will swamp you and cost you heavilly if you are on the wrong side with all your "troops" in. It is a powerful tool what Redlion taught you which he picked up from FTI's teachings. But remember, as FTI himself said, it's a double edged sword. So wield it carefully and humbly!

Regards
Bak
  • #4,306
  • Nov 4, 2011 6:46am Nov 4, 2011 6:46am
i wonder... ive only been looking at m1 and m5 charts that werent my classic...

i shoudl use this for confirmation fucking good while i missed it all!!!!

my Assassin chart.

all signals valid. hell yeah i love this baby... sorry baby didnt get to use you for a while.. maybe next week for some good cycles and price action eh?

shes crying now she misses me and knows i can be much better with her...

llittle bitch shutup!!* SLAP*

shit shes dead.

uh.. its him!! yes its Chazzle i swear officer he killed my bbaby!
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Have I got something on my face, SOLDIER?
  • #4,307
  • Edited 6:58am Nov 4, 2011 6:48am | Edited 6:58am
Quoting Bakuli
Buma,

A word of warning if I may. What you are doing is ok as long as you remain very focussed and ready to "bite the bullet" if it all goes wrong. If not, one day a tsunami will swamp you and cost you heavilly if you are on the wrong side with all your "troops" in. It is a powerful tool what Redlion taught you which he picked up from FTI's teachings. But remember, as FTI himself said, it's a double edged sword. So wield it carefully!

Regards
Bak
exactly why i need to be more careful next time.

LESSON FOR TODAY: FUCKING SEE THE TREND BUMA, swing it if u get a low risk one!! if it aint near the high or low, go fuck urself buma!

thanks bbakuli, you are correct,

Have I got something on my face, SOLDIER?
  • #4,308
  • Nov 4, 2011 6:57am Nov 4, 2011 6:57am
now i will practice trade on my demo account.

possible good setup on usd/cad.

just raillied 90 pips on usd side. why? employment data. cool huh? now it gives us levels to play...
Have I got something on my face, SOLDIER?
  • #4,309
  • Nov 4, 2011 7:03am Nov 4, 2011 7:03am
why doing what i did couldve been double edged. bakuli is right, about increased risk exposure, i mean look at it now h/s on supply and if i held i was fucked for sure.


i bet pedro sold because of news. the bond yields higher us market open blahblhabla and the jobs got 95,000 more release in the cnbc crap i dont know of...
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  • #4,310
  • Nov 4, 2011 11:11am Nov 4, 2011 11:11am
Some sweet trading today on the YM (mini dow futures), caught this falling knife. Had a fun time with this trade out in about 15 minutes.
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  • #4,311
  • Nov 4, 2011 12:41pm Nov 4, 2011 12:41pm
Quoting jaksasquatch
Some sweet trading today on the YM (mini dow futures), caught this falling knife. Had a fun time with this trade out in about 15 minutes.
nice
Have I got something on my face, SOLDIER?
  • #4,312
  • Nov 4, 2011 12:52pm Nov 4, 2011 12:52pm
So Buma, how did your week of live trading go?

Regards
Bak
  • #4,313
  • Nov 4, 2011 1:21pm Nov 4, 2011 1:21pm
Quoting bumapatria
nice
Thanks how did your week go?
  • #4,314
  • Nov 4, 2011 3:41pm Nov 4, 2011 3:41pm
Hi guys, I'm off around the west end tonight. This week I made the pips g/j and 2/j finally came in plus I had a big earner at beginning of week. !uma be very careful playing rescue because you'll lost. I'm surprised a mentor encouraged it.one day if you ever trade with proper stakes you'll understand. Take care and think positive. Happy trading happy days
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,315
  • Nov 4, 2011 3:50pm Nov 4, 2011 3:50pm
Quoting billytt
Hi guys, I'm off around the west end tonight. This week I made the pips g/j and 2/j finally came in plus I had a big earner at beginning of week. !uma be very careful playing rescue because you'll lost. I'm surprised a mentor encouraged it.one day if you ever trade with proper stakes you'll understand. Take care and think positive. Happy trading happy days
Hi Billy
Wise words to young Buma!
Enjoy the delights of the West End....I love it but haven't been for a while now.

Regards
Bak
  • #4,316
  • Nov 4, 2011 4:50pm Nov 4, 2011 4:50pm
Quoting billytt
!uma be very careful playing rescue because you'll lost. I'm surprised a mentor encouraged it.one day if you ever trade with proper stakes you'll understand.
Exactly. "rescue" trades are a recipe for disaster in the long run. To me, that's a sign of fear... when one has to "rescue" something it means something is in danger. A proper mindset and proper money management/trade management and you shouldn't ever feel the need to "rescue" anything because you won't be in danger.

Taking losses is normal. And actually healthy. Not being strong enough emotionally and psychologically to take a loss or a string of losses means you're not ready for real money trading.

It's a simple numbers game. Carry a positive risk/reward ratio and you'll come out over time in the long run. Carry at least a 2:1 risk/reward and you only need to win 4 times out of 10 to make money. Anything over that is total bonus. So if all you did was flip a coin at a cycle line, your odds of a winning trade are 50%. So win half of those and you're making money. Put some thought in to it and there's no reason you can't be profitable on 80%-90% of your cycle line trades.

Bet small enough that you can survive a string of losses. Not just the account, but survive emotionally and psychologically.
  • #4,317
  • Nov 4, 2011 5:35pm Nov 4, 2011 5:35pm
Quoting JR97
Exactly. "rescue" trades are a recipe for disaster in the long run. To me, that's a sign of fear... when one has to "rescue" something it means something is in danger. A proper mindset and proper money management/trade management and you shouldn't ever feel the need to "rescue" anything because you won't be in danger.

Taking losses is normal. And actually healthy. Not being strong enough emotionally and psychologically to take a loss or a string of losses means you're not ready for real money trading.

It's a simple numbers game. Carry...
true. im going back demo next week, one full week no losses. one loss, make a new week. possible? yes. easy? not so much. will try to do something.

thanx guys.
Have I got something on my face, SOLDIER?
  • #4,318
  • Nov 4, 2011 5:38pm Nov 4, 2011 5:38pm
i think im onto something here with price action

will share my thoughts as always.

cycles bring good swing points, of course. but i think the dance might say otherwise
Have I got something on my face, SOLDIER?
  • #4,319
  • Nov 4, 2011 5:39pm Nov 4, 2011 5:39pm
basis is supply and demand. that alone is far from success.

wait for a sec.

next post is on a chart.

m5 is too many candles. m1 is overlooked. thats my theory.
Have I got something on my face, SOLDIER?
  • #4,320
  • Nov 4, 2011 5:44pm Nov 4, 2011 5:44pm
wicks on m5 are actually activity on the m1.

here is my backtest.

got 2 vertical lines on a chart meaning where price had valid retest drops from supply.

here is m5 chart

of eurusd

now going to m1.
im going to leave all drawings the same on chart.
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