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14 Year Old Forex Trader's Lessons

  • #4,661
  • Nov 12, 2011 9:33am Nov 12, 2011 9:33am
its deadlocked now, but the median line in daily proved to resist and it did.

no trades from daily yet. daily trades of mine are usually 100+ pips and right now its off cycle and nothing for me yet.

ill post master chart on daily soon
Have I got something on my face, SOLDIER?
  • #4,662
  • Nov 12, 2011 9:41am Nov 12, 2011 9:41am
daily and weekly master chart

on the weekly its obvious it would jump and support held nicely at the median of the weekly master chart.

this is one of my cool gann weapons that is just simply kickass. draw it and watch price action round there, these lines act as supres.

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the master chart is one of the most useful tools in my pocket and ive gained so far 1 trade live on it, coz i forgot looking at it for a while.
its also my first trade live so its a good start. twas a 3% increase

145 pips i think here it is:
and some rumour on japan came out... oops i caught it way before
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  • #4,663
  • Nov 12, 2011 9:54am Nov 12, 2011 9:54am
we will go down surely price hugs trendline like this is just going to drop soon. 63.75 angle is hugged right now. it looks to retest old bull angle and it will drop to 15 ddegree angle for support.

attached is a daily fan chart.

i have the longer term fans and short term ones
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Have I got something on my face, SOLDIER?
  • #4,664
  • Nov 12, 2011 9:59am Nov 12, 2011 9:59am
now im off to play and kill zombies in Dead Rising 2!!!
be back later

a little sims 3 later if i just wanna chill.
Have I got something on my face, SOLDIER?
  • #4,665
  • Nov 12, 2011 1:51pm Nov 12, 2011 1:51pm
Quoting bumapatria
now im off to play and kill zombies in Dead Rising 2!!!
be back later

a little sims 3 later if i just wanna chill.
  • #4,666
  • Nov 12, 2011 1:56pm Nov 12, 2011 1:56pm
yo pedro! haha yes, i was gamign jsut now

i gotta get dead island though new dead rising 2 sort of game.
Have I got something on my face, SOLDIER?
  • #4,667
  • Nov 12, 2011 2:22pm Nov 12, 2011 2:22pm
Rule for me: NEVER CHASE THE MARKET.


how to trade a really big candle with least amount of risk. in my opinion.
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  • #4,668
  • Nov 12, 2011 2:43pm Nov 12, 2011 2:43pm
Sho aka Trade Price once said "trade the momentum, and punish the weakness"

Kennyz said to me in skype chat once "see the left, trade the right"

remember those two quotes clearly.
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  • #4,669
  • Nov 12, 2011 2:56pm Nov 12, 2011 2:56pm
The Pinbar at the support is a good buy signal, but the good entry was d half of the pinbar candle, which it later came back to the middle of it, nice job bro
  • #4,670
  • Nov 12, 2011 3:27pm Nov 12, 2011 3:27pm
am now reading bout reading order flow from a chart
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  • #4,671
  • Nov 12, 2011 3:37pm Nov 12, 2011 3:37pm
A pic for u guys to ponder upon
http://www.usfunds.com/media/images/...ons-070910.gif
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  • #4,672
  • Nov 12, 2011 3:45pm Nov 12, 2011 3:45pm
Quoting bumapatria
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.
How do you approach "price is compressed", in general?
  • #4,673
  • Nov 12, 2011 3:49pm Nov 12, 2011 3:49pm
a post by an order flow legend Darkstar


What’s also a fools errand is assuming that a fib or a trend line will "cause" price to do anything. All the technical patterns, tools, and indicators are arbitrary constructs humans project onto the market in an effort to understand what is likely to happen. Price doesn't give a crap about a trend line or a fib, but humans do. It's the humans acting on these patterns and indicators by placing orders that impact price.

It may seem like splitting hairs, but I can't tell you how many people genuinely think a trend line or an S&R level CAUSES price to reverse. Raise your hand if you have ever put your entry order 5 pips ahead of the trend line with your stop 5 pips beyond it. If you have you know exactly what I mean.


The concept of order flow seeks to focus a traders attention on the subliminal message. By constantly asking yourself what is going to compel traders to enter and where, you cut right past all the TA/FA bullshit to what really matters... the orders.

Instead of trading because there is a trend line, you examine what happens to price when the trend line is reached. You figure out that 9 times in 10 price penetrates the fib level before reversing. And that price often reverses right at the point where people "should" place their stops. And that no matter what the fundamental story, if the COT is breaking records, a cataclysmic reversal is inevitable.



lots of respect for this guy, he released his book on order flow, and true person to honor. a legend.

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  • #4,674
  • Nov 12, 2011 3:52pm Nov 12, 2011 3:52pm
Quoting ha-pattern
How do you approach "price is compressed", in general?
hey Ha pattern, i look at flow of price there, and see that if demand/supply is used up or not, and FILLED. aka if orders are filled and complete or not.

ifmyante helped me a lot on this one, im still learning.
the little candles are where people take profits and since everyone took profits, sellers will have no trouble SELLING that instrument and blast it past the used up 'filled' prices for buyers example in compressed demand
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  • #4,675
  • Nov 12, 2011 4:00pm Nov 12, 2011 4:00pm
order flow seems something we must learn by ourselves and use our imagination and creativity to think what price really is saying. ill need to buy darkstar's Book soon to see what he thinks, but that can wait.

now im off reading and watching vids about stop hunting! in a way this also requires our high level thinking. if price is consolidating, what chances are buyers going to buy, what chances are sellers going to sell? where are the stop loss orders of the amateurs? where are the market movers' entries?

that is the shit of order flow that is not easy to grasp for beginners: ME
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  • #4,676
  • Nov 12, 2011 4:19pm Nov 12, 2011 4:19pm
stop hunt examples from past charts

would love to apply this in actual live.

this is why i only trade the opening prices and the closing prices. nothing else. i rarely trade the 'middle price' .

anyways here are what i think of stop hunting

market movers know what we're thinkig. MACD, TRENDLINES, Green buy red sell indicators, zigzags, trendlines, fibs etc. best thing to do to keep us at an advantage is KNOW PRICE. KNOW WHAT IT TELLS U. be synced and have a relationship with price.

price action is top-notch i believe trading style that puts us in advantage or equality or more advantage than most of retailers. im not saying indis are bad, but understanding PA is elementally fundamentally, NEEDEd in my opinion. i remember my days looking at indis, and then, people hutn my stops. now that is increasingly less happening
i am still on the quest for more understanding, and here is some stop hunts by market movers in my opinion.
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  • #4,677
  • Nov 12, 2011 4:23pm Nov 12, 2011 4:23pm
Quoting bumapatria
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.
Hey guy, i like the way you trade.

I have a similar approch, momentum (As Master Sho taught me) and S/D level and others confluence.

Great thread my friend
I hear and I forget. I see and I remember. I do and I understand.
  • #4,678
  • Nov 12, 2011 4:25pm Nov 12, 2011 4:25pm
Quoting boubafx
Hey guy, i like the way you trade.

I have a similar approch, momentum (As Master Sho taught me) and S/D level and others confluence.

Great thread my friend
sho is amazing, and so are u ive been lurking with ur posts on his thread

join here bouba i need a nother PA trader please please please... its empty here... not many posting anymore
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  • #4,679
  • Nov 12, 2011 4:47pm Nov 12, 2011 4:47pm
Quoting bumapatria
order flow seems something we must learn by ourselves and use our imagination and creativity to think what price really is saying. ill need to buy darkstar's Book soon to see what he thinks, but that can wait.

now im off reading and watching vids about stop hunting! in a way this also requires our high level thinking. if price is consolidating, what chances are buyers going to buy, what chances are sellers going to sell? where are the stop loss orders of the amateurs? where are the market movers' entries?

that is the shit of order flow that...
Hi Buma,

OrderFlow and stop Hunting are indeed interesting topics.
To know how the dealer is playing the game can offer you some easy profits.

In the Attachment you'll find an excerpt of a very interesting book: "Beat the Forex Dealer" by Augustin Silvani. Hope you'll enjoy it ...

CU,
Niels
Attached File(s)
File Type: pdf Beat-the-Forex-Dealer_BigFiguresExcerpt.pdf   744 KB | 1,268 downloads
  • #4,680
  • Nov 12, 2011 4:54pm Nov 12, 2011 4:54pm
stop hunt explanation from what i got so far

its not 1 step process, its more of a 2 or more.

next week is going to be VERY VERY FUN.

here is how to manipulate amateurs mindset in my opinion.

here is a 3 step process of market move and amateur mindset

STEP 1 of the OIL SELLER
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STEP 2 Desperate, becomes a BUYER

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STEP 3 Hopeless, Sells again

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first step i think is to see where the stops are. buyers set stops at lows, sellers set stops at highs. thats the beginning for my stop hunt for next week. just one simple appliance of that statement with PA should be another great tool to my toolbox.
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