14 Year Old Forex Trader's Lessons | Page 226 | Forex Factory

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14 Year Old Forex Trader's Lessons

  • #4,501
  • Nov 9, 2011 7:17am Nov 9, 2011 7:17am
Quoting bumapatria
keep in touch in messennger for chats
Will do
  • #4,502
  • Nov 9, 2011 7:20am Nov 9, 2011 7:20am
well missed a fake setup on oil!

fake shooting star.

why fake? they do not occur in the middle and real ones occur in supply demand levels so fuck i missed it! and its just a trap, because its people taking profits and re-etnering and amateurs buy get their stops caught and die, while people trading on the right side make profits
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Have I got something on my face, SOLDIER?
  • #4,503
  • Nov 9, 2011 7:28am Nov 9, 2011 7:28am
shit missed another oil setup! fake hammer
wouldve been easy pips there! too busy monitoring my impulsive gbp jpy short

now it drops liek an ass! hehe..

so everyone , TRADE THOSE FAKES THE RIGHT WaY
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  • #4,504
  • Nov 9, 2011 7:29am Nov 9, 2011 7:29am
Are you all viewers MF global employees? lol
  • #4,505
  • Nov 9, 2011 7:32am Nov 9, 2011 7:32am
look at oil drop

i shouldve went short 2 fakes to go on but nah...


see how strong fakes are in the middlE?

say u missed that earlier selloff (i ddint ) if u did, wait for fakeys in the middle to happen then trade it. DOnt think its a fake if its at the bottom or at the toP! then it might not be a fake, and YOU could be faked out!!
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  • #4,506
  • Nov 9, 2011 7:34am Nov 9, 2011 7:34am
Quoting Pbh
Are you all viewers MF global employees? lol

seriously my thread's top of the range was 50 viewers, this is liek 154 now so extra 2 viewers... looks like they wanna hire a 14 year old.

well we got two. me, the PA dude who doesnt care much for news except QE and interst rates, and loves NFP, who cares bout result, and Pbh, pedro the guy who trades the news. makes a lot too from market cycle.

u got two of the best at our age.



so who are you guys? lol hahaha
Have I got something on my face, SOLDIER?
  • #4,507
  • Nov 9, 2011 7:38am Nov 9, 2011 7:38am
wow more viewers! 164! what the hell is this? a gold rush? hehe...

gbp jpy the earlier sell was a trap all along for bulls and i aint scared coz i know where the orders are and what candles mean...

at a basic-medium level.

remember the earlier sell? people didnt really buy, they took profits and closed half or 1/3 or whatever, and amatuers bought thinking a reversal BUT IT AINT. well u can buy a retrace and close quick fine but, look at Geppy. that h1 bull candle is A FAKE. now its engulfed by bears.

waht does that say?
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  • #4,508
  • Nov 9, 2011 7:40am Nov 9, 2011 7:40am
USD is not giving up yet gold drops and gives up gains. missed that. missed euro missed everthing!
Have I got something on my face, SOLDIER?
  • #4,509
  • Nov 9, 2011 7:47am Nov 9, 2011 7:47am
i wouldnt buy oil now despite possible morning star. that long doji wick means demand might be used up already. for a true morning star this current candle has to close above that big bear candle which might be unlikely.

i would sell it but i got enough of oil hit my target for the day, no need to be greedy, and btw this is a fake morning star in my opinion if it doesnt clear suppl but i think it might be valid

so no trade on this one
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  • #4,510
  • Nov 9, 2011 8:05am Nov 9, 2011 8:05am
Noone can fuck you.You are 14!
this was quote but you deleted it
You say fuck me i cant buy silver
  • #4,511
  • Nov 9, 2011 8:08am Nov 9, 2011 8:08am
Quoting bumapatria
look at oil drop

i shouldve went short 2 fakes to go on but nah...


see how strong fakes are in the middlE?

say u missed that earlier selloff (i ddint ) if u did, wait for fakeys in the middle to happen then trade it. DOnt think its a fake if its at the bottom or at the toP! then it might not be a fake, and YOU could be faked out!!
I dont oil at my options to trade.Only crude oil so OilS.
This is not crude oil?
because ma ycrude oil haave different price. about 114$
  • #4,512
  • Nov 9, 2011 8:08am Nov 9, 2011 8:08am
oil morning star on demand m15 confirmed.

m5 engulfs, and that wouldve been a buy BUT profits should already be taken we are now in supply

so that morning star is both a fake and a real one.

if u traded it, good on you, if u didnt, hold ur horses, wait for more config

tahts why i dont trade the m15 timeframe, i trade m5 or m1, others are for viewing purposes only
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  • #4,513
  • Nov 9, 2011 8:21am Nov 9, 2011 8:21am
Quoting Ravissek
I dont oil at my options to trade.Only crude oil so OilS.
This is not crude oil?
because ma ycrude oil haave different price. about 114$
i dont know... theres brent crude oil theres this that blah i dont know man. theres comex gold, and xau/usd man its so many.

the one i have is CO - LS , Crude Oil Light Sweet continues,

some have oil futures some have brent crude.

i dont know i think it is just different supplier so different price thats all,
btw oil can be a great intraday trade, and not only investment, coz in maybe 1 week i look to short it big
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  • #4,514
  • Nov 9, 2011 8:25am Nov 9, 2011 8:25am
broken demand most of the time makes new supply, like here in GBP jpy it has made a new supply level for sellers to sell

Recap: what is supply?

Supply is an area of imbalance/cluster/accumulative period in price action in which people sell after, is a supply.

imbalance -----> selling = supply

imbalance ------> buying = demand
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  • #4,515
  • Nov 9, 2011 8:29am Nov 9, 2011 8:29am
Nice work, I wish I had started trading with 14. But probably there were not many retail brokers back then. LOL

What strategy are you using?
  • #4,516
  • Nov 9, 2011 8:32am Nov 9, 2011 8:32am
why did i went short? because demand and old resistance is really low loook taht level has yet to be tested for buyers to enter the market at that price.

would i long there? yes if Price action gives a nice config and setup i will and keep my short for a lock trade
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  • #4,517
  • Nov 9, 2011 8:34am Nov 9, 2011 8:34am
look at this: viewer spike

172 viewers currently. where do they come from?

btw gbp jpy my spread sux so bad 10 pips so im only 8 pips profit into it right now


i will consider BE stop loss due to helicopter ben's speech
Attached Image
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  • #4,518
  • Nov 9, 2011 8:43am Nov 9, 2011 8:43am
closed GBP JPY +10 short.

I HATE THE SPREAD.

i might change my broker

but honestly i couldve got 50-100 pips on that one, but spread kills
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  • #4,519
  • Nov 9, 2011 8:50am Nov 9, 2011 8:50am
i find crosses so much more fun to trade but spreads... 10 pips 11 pips? nuts
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  • #4,520
  • Nov 9, 2011 9:04am Nov 9, 2011 9:04am
Quoting Forex5050
Nice work, I wish I had started trading with 14. But probably there were not many retail brokers back then. LOL

What strategy are you using?
she's 14teen and shes better at forex than me! what a shame I will be 20 next june Buma you must teach me
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