14 Year Old Forex Trader's Lessons

donno the daily supply is like 272 pips wide, and price just breached 50 of it. theres of course consumption of buyers and this will drop hard sooner or later, just trade current trend first

but hell knows is a daily supply range is really big. will have eto scale down to h4 or h1 for precise, but here is m5 pedro

yup thats some beauty truncated motive wave that cant beat the high sweet dude

here is what i call setups i will look for in PA:

usd chf example #1

to me PA is= action ----> reaction.

so u make ur action at the action where the signal is not after the effect! when u doo that u will lose.

here is what i look for in PA

here is how u can enter that same trend but u failed to get that early signal --->

here is where trend changes and how we can be notified a change may happen soon: divergence.

i dont look at if market overbought oversold and i only look stochs for momentum. u can use macd or rsi or cci if u want. its not to enter its too exit. stupid people who say they are lagging is stupid. it shows divergence convergence, early signal for something to happen aka a momentum inddicator.

here is how i would enter the change of trend

the importance of marubozu candles and true momentum

here is a short entry using marubozu candles

why it really is simple.. or should be.

sometimes its hard to notice so be prepared first

so here is oil and where i long and here is the why i long

very nice shares bro... now u can read the chart like u read a book eh??
cool...
I'm done for today, thank's for sharing a lot of new things today.

happy weekend

thanx sindu u too

here is my opinion on entering an established trend either at its change, or at its already established state

here is how trendlines can really help u out.

with simple tricks

as sho said: "momentum is key"

play those fakes well, and NOTICE THAT THEY ARE FAKES!

dont look for marubozu for bears in support and likewsie dont look for bullish patterns in resistance!!

here is how to play those fakes into ur advantage

Momentum IS KEY!

importance of momentum

tellling trend from price action at support resistance levels.

breach/hold is key to see who is in power.

current eur usd m5

here is what i think.
i find bar charts easier to trade on, and more easier to see price action. i find candlesticks to overwhelmign and large, and not really good for me!

why 50% and 61.8% works with right way.

sometimes confluence is all u need and PA config.

i mean look here we should have a 50% retracement, TL bouunce and supply level.

what better?

i find confluences of 2+ levels as strong and will take trades on them no doubt.

even a tiny fib on tiny swing can work pretty well.

WOO HOO! games waiting on my download list

1. Mass effect 3
2. elder scrolls skyrim
3. arkham city
4. assassins creed revelatiosn
5. deus ex revolution
6. sims 3 new pets release!!!



some great titles here!

hi, buma.
I searched a whole day, and now I got enough confidence on Red's method from other resources.

So I know you guys are really nice.(too nice to be true).
Thank you for all the posts here and all the advices you gave me.

I am so happy this method works!

well it only works once u try it, and market is closed so i dont know if it works for u. everyone has different Pa techniques. i dont know exaactly how to define them, but there are always the assault and the snipers. i am the sniper type, take that desired level with minimal DD, max DD is 2-4 pips max from spread so thats 10 pips around for me, and TP fast when i see that my profit will be taken , and hide and wait for another snipe. i am hybrid sniper i mix ideas together, not only one sniper base.

first u need to know urself bobo, its you first. you will define style and entries, and etc.

the way i trade is not the way redsword trades but he has similar basis. Kenny does not trade same as me or sundi, but has same basis. so hitchiking or piggybacking will really not work. traders are dynamic, and therefore u need to find YOUR way of PA. then learn Price. spend 1 whole day not trading but watch the way it moves. if u cant, pretned trade and put ur trade on current levels with horizontal lines as practice.

this is my way anything i post is my way of trading action of price.