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14 Year Old Forex Trader's Lessons

  • #4,581
  • Nov 10, 2011 6:07am Nov 10, 2011 6:07am
usd chf 1,2,3 breakout.

support broken will see if this becomes a resistance
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  • #4,582
  • Nov 10, 2011 6:08am Nov 10, 2011 6:08am
Quoting Pbh
what tf is that? my quotes say there was a nicely held demand with morning starconfirm.

nice trade, but u were more aggressive, traded before the PA config lol. so aggresive pedro



lol nice mate
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  • #4,583
  • Nov 10, 2011 6:20am Nov 10, 2011 6:20am
8 pips on chf short good b/o but gotta eat now and pray so gotta close lol!

its really simple, see an underlying trend, and trade with the trend... i seem to get too excited counter trending sometimes, only when market is sideways, trade the B/o
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  • #4,584
  • Nov 10, 2011 6:37am Nov 10, 2011 6:37am
reentered with patience.

momentum came straight at the open of the bar. never trade before the actual signal, trade the signal AFTER i repeat AFTER it has formed, u dont wanna know how much i lost wanting a signal to play.

TRADE WHAT U SEE.

closed for 7 pips.

hit support, and abc correction possible so let it retest
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  • #4,585
  • Nov 10, 2011 6:54am Nov 10, 2011 6:54am
Quoting bumapatria
reentered with patience.

momentum came straight at the open of the bar. never trade before the actual signal, trade the signal AFTER i repeat AFTER it has formed, u dont wanna know how much i lost wanting a signal to play.

TRADE WHAT U SEE.

closed for 7 pips.

hit support, and abc correction possible so let it retest
the signal here is the M5 long bear bar, right? entered after it formed? and sl is above that bar. and do a quick scalp.
  • #4,586
  • Nov 10, 2011 7:02am Nov 10, 2011 7:02am
Quoting bobowang
the signal here is the M5 long bear bar, right? entered after it formed? and sl is above that bar. and do a quick scalp.
correct but did u see what price said? it was rejected off old support and makes spin top then bear bar, thats the signal. but thing is isnt complete yet. once it is, see how the order flow becomes natural?

i use EW as well as part of analysis of what to do when thisand that happens.

ill show examples of some setups perhaps later.

if u need help ill try my best
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  • #4,587
  • Nov 10, 2011 7:20am Nov 10, 2011 7:20am
Quoting bumapatria
correct but did u see what price said? it was rejected off old support and makes spin top then bear bar, thats the signal. but thing is isnt complete yet. once it is, see how the order flow becomes natural?

i use EW as well as part of analysis of what to do when thisand that happens.

ill show examples of some setups perhaps later.

if u need help ill try my best
thank you! you know too much since you are only 14.

And, "but thing is isnt complete yet. once it is, see how the order flow becomes natural?"
does that means: if the price didn't run down quickly, then jump out, right?
  • #4,588
  • Nov 10, 2011 7:26am Nov 10, 2011 7:26am
Quoting bobowang
thank you! you know too much since you are only 14.

And, "but thing is isnt complete yet. once it is, see how the order flow becomes natural?"
does that means: if the price didn't run down quickly, then jump out, right?
give it time but it should move fast and always use tight stop and i mean 10 pips

look aat my current trade, see if price didnt move fast i would bail wiht small loss.

here is another chf short. ill bank soon as i see the buyers reaction before there and price says that level is buyer level do not sell there.

closed for 4 pips, and i now find some indis useful. the clock is THE MOST USEFUL. Timing and precision is a must!! and i use stochastic for exits into divergence. if i see divergence builidng up i know that its time to exit. its a laggind indicator? yeah right... i dont use it for signals but to help gauge momentum. i also use envelopes now to know the trend. now its sideways, best to skip sideways market. wait for a real B/o then trade the pullback
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  • #4,589
  • Nov 10, 2011 7:26am Nov 10, 2011 7:26am
nice 100$ today.Done for the day.Buys at 1770 and 1800.See ya tomorrow.
  • #4,590
  • Nov 10, 2011 7:28am Nov 10, 2011 7:28am
Quoting Ravissek
nice 100$ today.Done for the day.Buys at 1770 and 1800.See ya tomorrow.
nice im waiting for my pullback after nice B/o.

i missed it too busy on usd chf
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  • #4,591
  • Nov 10, 2011 8:52am Nov 10, 2011 8:52am
entered oil short
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  • #4,592
  • Nov 10, 2011 8:55am Nov 10, 2011 8:55am
patience pays off.

"traders cannot go into the open and shoot with shotguns, instead they hide in the bushes with their rifles" - James16

i wanted to enter gold but no pullback so no entry
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  • #4,593
  • Nov 10, 2011 8:57am Nov 10, 2011 8:57am
STop to BE on oil

no risk now


30 points into oil
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  • #4,594
  • Nov 10, 2011 9:09am Nov 10, 2011 9:09am
stopped out at BE on oil. sucks should have banked.

here is the pdf

THIS IS NOT A COMMERCIAL ACT TO THE PRODUCER OF THIS DOCUMENT, THIS HAS BEEN DISTRIBUTED FREELY, AND I AM NOT A DISTRIBUTOR AND/OR MARKETER OF THIS PRODUCT, THIS IS STRICTLY FOR EDUCATIONAL PURPOSE ONLY.
Attached File(s)
File Type: pdf Traders_Trick_Entry.pdf   139 KB | 364 downloads
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  • #4,595
  • Nov 10, 2011 9:15am Nov 10, 2011 9:15am
Quoting bumapatria
stopped out at BE on oil. sucks should have banked.

here is the pdf

THIS IS NOT A COMMERCIAL ACT TO THE PRODUCER OF THIS DOCUMENT, THIS HAS BEEN DISTRIBUTED FREELY, AND I AM NOT A DISTRIBUTOR AND/OR MARKETER OF THIS PRODUCT, THIS IS STRICTLY FOR EDUCATIONAL PURPOSE ONLY.


Thanks Buma
  • #4,596
  • Nov 10, 2011 9:16am Nov 10, 2011 9:16am
Quoting Bakuli
Thanks Buma
ur welcome, have a good read of it, not something u catch under an hour or two

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  • #4,597
  • Nov 10, 2011 9:27am Nov 10, 2011 9:27am
re-entered oil

there should be institutional selling now

weird. everything else is selling oil holds.

PA clearly says sell. unless im doing this very wrong.
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  • #4,598
  • Nov 10, 2011 9:32am Nov 10, 2011 9:32am
HAHA DAR SHE BLOWS!!!!

INSTITUTIONAL SELLING!!

banked profits fuck oil not selling off like a maniac

+20
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  • #4,599
  • Nov 10, 2011 9:34am Nov 10, 2011 9:34am
for those not in the new established trend, wait for a decent pullback and signal.

dont just jump in coz u see red candles!

daily pips: forgot the count... oh well its profit day!
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  • #4,600
  • Nov 10, 2011 9:43am Nov 10, 2011 9:43am
wait for that 50% retracement confluence with other levels then enter. just because price sees old resistance doesnt mean that one will hold!
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