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14 Year Old Forex Trader's Lessons

  • #4,561
  • Nov 10, 2011 3:21am Nov 10, 2011 3:21am
hi, buma,
such a long thread!!!
would you please summarize your demo account's performance? already made 100% profit? then you went to live last week,right?
  • #4,562
  • Nov 10, 2011 3:32am Nov 10, 2011 3:32am
Quoting Ravissek
Some quick buy scalp gold +70$
buyed at 1754 closed 1762
nice scalp
Have I got something on my face, SOLDIER?
  • #4,563
  • Nov 10, 2011 3:34am Nov 10, 2011 3:34am
Quoting bobowang
hi, buma,
such a long thread!!!
would you please summarize your demo account's performance? already made 100% profit? then you went to live last week,right?
demo yes i have and much more.

well how? operation twist basically, i shorted the dow, gold, silver, euro etc... it was fun trading the news, but when i looked at it technically, it was possible wihtout knowing the news itself. so i started digging into price actio

and its fine really all that i suck at sometimes is discipline that needs straightening and live shoudl emulate demo in no time

Have I got something on my face, SOLDIER?
  • #4,564
  • Nov 10, 2011 3:51am Nov 10, 2011 3:51am
Yea.Its best to trade with only price action.But be carefull when ECB and others BIG speaks.
On gold there is no news to worry about.Just buy
  • #4,565
  • Nov 10, 2011 4:24am Nov 10, 2011 4:24am
Quoting Ravissek
Yea.Its best to trade with only price action.But be carefull when ECB and others BIG speaks.
On gold there is no news to worry about.Just buy
lol wtf dont worry just buy?

operation twist release? buy gold at 1920?

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  • #4,566
  • Nov 10, 2011 4:28am Nov 10, 2011 4:28am
another PA setup

although just a retracement
Attached Image (click to enlarge)
Click to Enlarge Name: just a retracement.gif Size: 14 KB
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  • #4,567
  • Nov 10, 2011 4:29am Nov 10, 2011 4:29am
good for 7 pips, buyers defend their demand zone
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  • #4,568
  • Nov 10, 2011 4:49am Nov 10, 2011 4:49am
im done for the day, i dont feel like trading for today,

profit small 30+ pips
and im done

i need to practice more on demo for no loss with 0.01 at ALL.
Have I got something on my face, SOLDIER?
  • #4,569
  • Nov 10, 2011 4:53am Nov 10, 2011 4:53am
its not the momentum candle, its before the momentum candle
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 13 KB
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  • #4,570
  • Nov 10, 2011 4:56am Nov 10, 2011 4:56am
similar setup on aud
Attached Image (click to enlarge)
Click to Enlarge Name: smilar setup on aud.gif Size: 15 KB
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  • #4,571
  • Nov 10, 2011 4:57am Nov 10, 2011 4:57am
same on chf
Attached Image (click to enlarge)
Click to Enlarge Name: chf setup.gif Size: 14 KB
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  • #4,572
  • Nov 10, 2011 5:05am Nov 10, 2011 5:05am
are you also watching the m1 chart? why did you and red enter before the m5 momentum bar? and also the corelation within the chf, aud, eur?
  • #4,573
  • Nov 10, 2011 5:16am Nov 10, 2011 5:16am
correlation is not a must, i didnt use it hten, i was focused on that pair solely. and i dont fly in the same banner as red, hes on a different sail of the boat on this one.

and here is a crude buy tad late and closed for 10 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: closed at 10.gif Size: 17 KB
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  • #4,574
  • Nov 10, 2011 5:26am Nov 10, 2011 5:26am
ard do you watch m1 chart to enter? sorry so many questions.
  • #4,575
  • Nov 10, 2011 5:28am Nov 10, 2011 5:28am
Quoting bumapatria
im done for the day, i dont feel like trading for today,

profit small 30+ pips
and im done

i need to practice more on demo for no loss with 0.01 at ALL.
Dude on demo I was Millionaire Practice on demo gives you nothing.
I was thinking too demo and real are the same but no.
You need to small practice on real more and more.Forget about demo.
  • #4,576
  • Nov 10, 2011 5:31am Nov 10, 2011 5:31am
Quoting bobowang
ard do you watch m1 chart to enter? sorry so many questions.
no i dont . i suck m1 , although i used to rock at it. it has lots of false signals, and m5 alone for me is enough. m1 is much more informative, yet my brain cant process that info hehe..

@Rav, screw it i am in live lol i thought same thing as u!

5 pips currently on usd chf
closed. its counter trend, and that bar is the only momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf.gif Size: 15 KB
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  • #4,577
  • Nov 10, 2011 5:37am Nov 10, 2011 5:37am
closed chf long +5 minor long.


counter trend therefore not safe playing longs in a downtrendd
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf.gif Size: 15 KB
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  • #4,578
  • Nov 10, 2011 5:41am Nov 10, 2011 5:41am
shorted euro usd 5 pips currently

trend and momentum seem to change ill TP at support and possible break becomes a h/s
Attached Image (click to enlarge)
Click to Enlarge Name: euro sell.gif Size: 17 KB
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  • #4,579
  • Nov 10, 2011 5:42am Nov 10, 2011 5:42am
bull support held, took 2pips.
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  • #4,580
  • Nov 10, 2011 5:52am Nov 10, 2011 5:52am
Attached Image (click to enlarge)
Click to Enlarge Name: bum3.jpg Size: 108 KB
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