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14 Year Old Forex Trader's Lessons

  • #4,681
  • Nov 12, 2011 4:54pm Nov 12, 2011 4:54pm
Quoting bumapatria
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.
Very very good, this two sentences are pure gold
I hear and I forget. I see and I remember. I do and I understand.
  • #4,682
  • Nov 12, 2011 4:56pm Nov 12, 2011 4:56pm
Quoting MaMood
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
thanks neils, reading it right now

"we dont want to be the prey, we want to be the hunter"
Have I got something on my face, SOLDIER?
  • #4,683
  • Nov 12, 2011 4:58pm Nov 12, 2011 4:58pm
Quoting boubafx
Very very good, this two sentences are pure gold
yup, bouba. punish the weak. it sounds mean but this business is zero-sum ONE LOSES, ONE WINS. which one do u want to be?

Be the hunter not the hunted.

The lion, not the antelope.

The sniper, not the target.

Its very mean and evil thing to do, but its profit in these markets, and only the fit survive. the weak die out.
good losers adapt and become the sniper. bad loseres stay the hunted.

i feel bad now, but good to know this knowledge. so alll my wins are losses of others and all losses are others'' wins.
Have I got something on my face, SOLDIER?
  • #4,684
  • Nov 12, 2011 5:20pm Nov 12, 2011 5:20pm
What really happens in the market

think dumb, think smart.
BE the smart, exploit the dumb.

play the momentum, and play CURRENT PA , not what u wanna see, and what u expect. EVEr.


here is where oil jumps so vertically, its almost impossible. when such moves happen either they base then rally or base then drop.

i have an illustration for those who are interested, and i hope it helps.

think this

MY TP IS UR STOP LOSS. that is how pros work.
Attached Image (click to enlarge)
Click to Enlarge Name: amateur vs smart.gif Size: 31 KB


so who do u wanna be smart trader? or the novice amatuer?
Have I got something on my face, SOLDIER?
  • #4,685
  • Nov 12, 2011 6:06pm Nov 12, 2011 6:06pm
Quoting bumapatria
A pic for u guys to ponder upon
http://www.usfunds.com/media/images/...ons-070910.gif
I saw that exact image in a Stock market conference.. lol
  • #4,686
  • Nov 12, 2011 6:35pm Nov 12, 2011 6:35pm
ehhe pedro.. u used to stock trade right?
Have I got something on my face, SOLDIER?
  • #4,687
  • Nov 12, 2011 6:58pm Nov 12, 2011 6:58pm
Quoting bumapatria
ehhe pedro.. u used to stock trade right?
exactly
  • #4,688
  • Nov 12, 2011 6:59pm Nov 12, 2011 6:59pm
hows the experience?

i can stil picture our age people trading forex. stock... i dont expect a stock trader being our age...

thats cool to go in ur resume and career history
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  • #4,689
  • Nov 12, 2011 7:08pm Nov 12, 2011 7:08pm
Quoting bumapatria
hows the experience?

i can stil picture our age people trading forex. stock... i dont expect a stock trader being our age...

thats cool to go in ur resume and career history
My mom was next to me while I was talking to my broker buddies
  • #4,690
  • Nov 12, 2011 7:14pm Nov 12, 2011 7:14pm
Quoting Pbh
My mom was next to me while I was talking to my broker buddies
LOL hahaha ....

still mate, stocks? i mean ure a fundies person and stocks are like not as liquid obviously as the fx market, BUT it is regulated. so in fx insider trading is easier, hence i choose FX

my point is doesnt it require or most of the time need fundi analysis on the stock or the companies within? i mean ure an analyst of news etc.

i would just trade the darn chart.
Have I got something on my face, SOLDIER?
  • #4,691
  • Nov 12, 2011 7:16pm Nov 12, 2011 7:16pm
Quoting bumapatria
my point is doesnt it require or most of the time need fundi analysis on the stock or the companies within? i mean ure an analyst of news etc.
Yeap, knowing their projects, expectations... blablabla, having an insider in the damn company lol
  • #4,692
  • Nov 12, 2011 7:29pm Nov 12, 2011 7:29pm
Quoting Pbh
Yeap, knowing their projects, expectations... blablabla, having an insider in the damn company lol
u insider traded?

dont say yes coz u gonna be in big crap
Have I got something on my face, SOLDIER?
  • #4,693
  • Nov 12, 2011 7:31pm Nov 12, 2011 7:31pm
Quoting bumapatria
u insider traded?

dont say yes coz u gonna be in big crap
Of course not, I was kidding
But it's easy to know what employees do.. since everytime they buy shares, LAW says that it might become public.. so you know there's something behind and you buy too
  • #4,694
  • Nov 12, 2011 7:33pm Nov 12, 2011 7:33pm
Quoting Pbh
Of course not, I was kidding
But it's easy to know what employees do.. since everytime they buy shares, LAW says that it might become public.. so you know there's something behind and you buy too
seems easy... watch cncc and go to bloomberg.com see news buy sell?

pfft...

lol im underestimating stock trading
Have I got something on my face, SOLDIER?
  • #4,695
  • Nov 12, 2011 7:36pm Nov 12, 2011 7:36pm
Quoting bumapatria
seems easy... watch cncc and go to bloomberg.com see news buy sell?

pfft...

lol im underestimating stock trading
No, you are right.. It's easy if you know what's happening in the world.
It's more of a whole risk-on or risk-off day. It's not going up down up down intraday like in forex markets that you can see 3-4 waves a day
  • #4,696
  • Nov 12, 2011 7:41pm Nov 12, 2011 7:41pm
Quoting Pbh
No, you are right.. It's easy if you know what's happening in the world.
It's more of a whole risk-on or risk-off day. It's not going up down up down intraday like in forex markets that you can see 3-4 waves a day
forex is a 2 trillion daily dollar market with so much liquidity. in stocks u can leverage 1:10 around there, 1:20-50 for futures and forex is around 100 to even 1:1000 crazy leverage that has so much liquidity in the market!!

thats whats nuts. whats even worse its not OTC we cant see volume and order books and contracts like stocks and futures, and stocks are only mostly where people invest in it and has a centralized exchange. FX doesnt and has many backdoors to it. insider trading, banks trying to protect rates and competitive price (talk of the boj!), massive moves etc.
Have I got something on my face, SOLDIER?
  • #4,697
  • Nov 12, 2011 7:43pm Nov 12, 2011 7:43pm
Quoting bumapatria
forex is a 2 trillion daily dollar market with so much liquidity. in stocks u can leverage 1:10 around there, 1:20-50 for futures and forex is around 100 to even 1:1000 crazy leverage that has so much liquidity in the market!!

thats whats nuts. whats even worse its not OTC we cant see volume and order books and contracts like stocks and futures, and stocks are only mostly where people invest in it and has a centralized exchange. FX doesnt and has many backdoors to it. insider trading, banks trying to protect rates and competitive price (talk of...
Yes that's silly.. not having volume in forex
EDIT: don't looking at the volume numbers
  • #4,698
  • Nov 12, 2011 7:48pm Nov 12, 2011 7:48pm
well we do have volume is just hard analyzing it and we dont get precise levels of buyers and sellers! probably brokers are at advantage, thats why PA traders have advantage. we see stuff indicators cant.

LOL volume numbers. btw dont say that in shamus' thread on VSA, volume spread analysis, theyll killu. he trades volume kickass and saying that is like saying ot u NEWS IS SHIT

but forex i have to admit is harder than any other CFDs and is not easy business at all.

only the true kings survive and profit.


WE ARE THE KINGS AND QUEENS OF PROMISE!!! awesoem song

Inserted Video
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  • #4,699
  • Nov 12, 2011 7:56pm Nov 12, 2011 7:56pm
Inserted Video



another great song for us fx traders!

go 30STM!!!
Have I got something on my face, SOLDIER?
  • #4,700
  • Nov 12, 2011 8:46pm Nov 12, 2011 8:46pm
Quoting bumapatria
http://www.youtube.com/watch?feature...&v=mLqHDhF-O28


another great song for us fx traders!

go 30STM!!!
I like this song:

Inserted Video
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