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14 Year Old Forex Trader's Lessons

  • #4,601
  • Nov 10, 2011 9:47am Nov 10, 2011 9:47am
exmples: gold best example 50% converges with supply level.

one thing bout gold is that lol it dont give pa signals in m5, m1 is the key i think for such fast movements but i suck at m1.

here is an example of what i mean wait for the pulllback DONT CHASE THE MARKET. wait for that precise tmed entry. like bakuli said so many times, he wait for the pullback. if u closed ur trade, wait, dont just open another one!
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  • #4,602
  • Nov 10, 2011 9:52am Nov 10, 2011 9:52am
what are 50% retracements?

profit taking by institutions. dont get confused with trend change.

thats why i use envelopes to help me know the trend.

usd chf now in supply and makes an evening star in m15 (fake by the way) why would u short? the trend is bull and if u short is possibly a retracement aka corrective not motive.
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  • #4,603
  • Nov 10, 2011 9:56am Nov 10, 2011 9:56am
for the usd chf id actually wait til lthe 61.8 retracement coz it converges with old untested resistance. then judgement should come there


u can trade the retracement it u want but its riskier when countertrend. its better counter trend at truncations and divergence then PA setup. that oil 1st trade was a nice swing.
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  • #4,604
  • Nov 10, 2011 10:10am Nov 10, 2011 10:10am
always remember that in a trend (theoretically) the 3rd motive wave is usually the largest! people usually miss purposely or leave out the 1st one then everyone notices the 3rd then BANG. so thats why WAIT BEST FOR THE RETEST !!!
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  • #4,605
  • Nov 10, 2011 11:06am Nov 10, 2011 11:06am
How is your Real acc Buma?
How much you was have on start and now?
  • #4,606
  • Nov 10, 2011 11:54am Nov 10, 2011 11:54am
not yet Ravissek.

ill tell u guys when the time is right


ill love to share my PA strategies later in weekend maybe
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  • #4,607
  • Nov 10, 2011 2:15pm Nov 10, 2011 2:15pm
me playing around with PA just now.

banked 1 pip on usd chf.

bad time to trade, no volatility so im done. i just wanted to test something out just now.

all the drawdown i had just now was spread, so basically i got the turning point.


does anyone know a video record software that can record live movements within the computer screen? id love to share my trades with video
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  • #4,608
  • Nov 10, 2011 2:33pm Nov 10, 2011 2:33pm
yo buma hows it hanging, hope your ok
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,609
  • Nov 10, 2011 2:35pm Nov 10, 2011 2:35pm
Hi (Young) man

Just drop by, don't know whether you aware the "Jing", which is free from internet, can take shot and recording. See whether it helps.

Happy trading.
City

Quoting bumapatria
me playing around with PA just now.

banked 1 pip on usd chf.

bad time to trade, no volatility so im done. i just wanted to test something out just now.

all the drawdown i had just now was spread, so basically i got the turning point.


does anyone know a video record software that can record live movements within the computer screen? id love to share my trades with video
  • #4,610
  • Nov 10, 2011 2:38pm Nov 10, 2011 2:38pm
hey billy im doing fine, banked a lot of pips today although not as much as yesterday.

but im happy and thank god and myself to make profit today
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  • #4,611
  • Nov 10, 2011 2:41pm Nov 10, 2011 2:41pm
Quoting Buildcity
Hi (Young) man

Just drop by, don't know whether you aware the "Jing", which is free from internet, can take shot and recording. See whether it helps.

Happy trading.
City
hi city! one of the PA great pros! yes i have jing but i didnt know it can record ill try it out definitely. thanx man

u can post analysis and setups or advice here for me and my buddies anything positve and productive is welcome

hangout some time here
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  • #4,612
  • Nov 10, 2011 2:50pm Nov 10, 2011 2:50pm
hey buma,

it's simple
PERFECT
and FREE!



I'll download it too
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  • #4,613
  • Nov 10, 2011 2:59pm Nov 10, 2011 2:59pm
Quoting Pbh
hey buma,

it's simple
PERFECT
and FREE!



I'll download it too
sounds like a scam....

hehehehe
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  • #4,614
  • Nov 10, 2011 3:12pm Nov 10, 2011 3:12pm
Hey bumaa I wanted to short this sucker till 80.00
But.... Tomorrow's French, Canadian and American Bank holiday.

Remember what happened last time??

PA lied all over the place and there were some serious losses here in this thread.

Euro can shoot up then. Low volume, ECB intervention... That's a perfect bull call.

Be aware of this ya'll
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  • #4,615
  • Nov 10, 2011 3:24pm Nov 10, 2011 3:24pm
all steam forward

im short already

i might bank an early profit coz low liquidity u never know what happens so dont be surprised if i bank profits fast
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  • #4,616
  • Nov 10, 2011 3:26pm Nov 10, 2011 3:26pm
Quoting Pbh
Hey bumaa I wanted to short this sucker till 80.00
But.... Tomorrow's French, Canadian and American Bank holiday.

Remember what happened last time??

PA lied all over the place and there were some serious losses here in this thread.

Euro can shoot up then. Low volume, ECB intervention... That's a perfect bull call.

Be aware of this ya'll
we were just to careless, and yes i have to be very careful here...
miight need to bank the crude short fast
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  • #4,617
  • Nov 10, 2011 3:32pm Nov 10, 2011 3:32pm
banked the crude short at 4 pips.

very slow movement better play currencies than oil, i once caught a -30 floating p/l and had to wait for 2 hours to get it to +1.

who knows that there are the stop hunters especially with low liquid market.

speaking of stop hunting... thats the next technique id love to learn

anyways take caution, this could be classic exploitation and we need to maybe long all this shit to extinction.


id rather see profit than loss and that is my principle, and that will never ever change.
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  • #4,618
  • Nov 10, 2011 3:33pm Nov 10, 2011 3:33pm
something i have never noticed before, fibs acting as support after being broken.

I rarely use fibs which may be the reason i have never seen this. Just thought id share.
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  • #4,619
  • Nov 10, 2011 3:43pm Nov 10, 2011 3:43pm
Quoting highlander2
something i have never noticed before, fibs acting as support after being broken.

I rarely use fibs which may be the reason i have never seen this. Just thought id share.
well john, its not the fibs, its PA. i mean broken res becomes support right?



fibs is great for me, coz most of the time i dont go around getting the 1st wave but the 3rd mostly
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  • #4,620
  • Nov 10, 2011 5:25pm Nov 10, 2011 5:25pm
EUR USD Short

loookingto bank at demand zone where price rallied hard
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