14 Year Old Forex Trader's Lessons

Have you seen that thread...
What music do you listen to while trading? haha

goddamn buma you are so sure of yourself yet you are so naive. you just completely fucked this post right up.

how is forex trading NOT OTC? where's the central exchange where all forex is traded, therefore making it not OTC? i don't think you know what OTC means!

that's point 1. point 2... go and figure out how much that 'liquidity' actually equates to at any one point in time when you split it across however many currency pairs there are, as well as then again splitting this amongst the 1,440 minutes throughout each day, and THEN split THAT with a guesstimate as to however many pips on average a pair moves in a minute..... THEN tell us how liquid it is and how 'crrrraaaaaaazy' it is.

point 3... then consider the mechanics of moving too much volume at any one time through this liquidity and see how your leverage stacks-up then. who cares if a billion dollars is leveraged at 1:500.... nobody, and i mean NOBODY is going to be able to scalp a few pips on such a position because they will have moved the entire friggin market, and where exactly is someone going to find a broker who would leverage such a large position anyway? now i conclude that you don't know how leverage is used, and who uses it.

point 4.... inside trading? oh come on. this isn't a 'company' that is being traded. it is a countries currency. no one is screwing mum and dad out of their 100 share 'investment'. this is currency trading where half the entire point is for companies to hedge their exposure, or convert bankroll payments from one currency to their workers currency. the other half of the point is that countries try to maintain some degree of productivity that doesn't get washed-out by the inability to move products in or out of the country due to exchange rates hurting their economy and making their goods unsaleable overseas. again, this isn't an 'investment' for mum and dad to cash-in on in 10, 20, 50 years time. basically it is entirely intended to be 'manipulated'. that's half of its function!

you post too much, and learn too little.

Central banks... information most of us don't know, bond purchasing programs (before it's made public), stealth QE, rate cuts and hikes.. haha tell me there isn't enough information out there to make some pips from it.

Interventions at certain hours.. oh come on.. this is the real world

what pedro said. yes forex is OTC sorry lol, i forgot it means over the counter. anyways its my thread, i can make mistakes on it and i was talking to pedro anyways, and u barged in so pfft...i am not the one anyone needs to worry about. ifi know i dont know something that well, ill say it to the right ears because they can correct me and just have a laugh or two.

you just barge in out of nowhere -.-

i would have never said that outside coz i wont say stuff i dont get much of.

http://www.forexfactory.com/showthre...74#post5129274

BUAHAHAH! No.. man... NO! i draw so much better

12 pips up in aud compounded on fake doji resolved south.
i love those fakes.. almost like welcome, go short

i am probably hhunting newbies stops that expect some morning star or something.

exited lower one +1.

PA telling me this might be temp. support and i still have the upper 1 with 17 pips up.


ADD: okay maybe not... 22 pips up. it was people taking profits causing price to go up and retest fake doji. i might consider +1 or +2 stop.

if you see tick charts, they actually can help a lot in intraday trading.

so if anybody says ticks are noise and m1 is noise... screw you.

found support its retesting now.

nice performance in early morning dude...
wow using tic chart????
ckckck. what a genius...

keep on fire... but always becarefull

good job

yes sindu thanks for the advice

tick charts is nice.

closd for 13 pips in aud. no violent sell reaction so what THE. HEll.

daily gains: 14 pips

here is the proof

all live trades as usual.
and u will notice my rare use of TP. i dont use it unless i have to leave my laptop. i find it... too predictive thinking price would reach a spot. id rather manual close it when PA itself gives signals to close

i hate this session. market moves fast, people TP then just leave market dead. lol

Crude short for 20 pips expected scalp
right now -11 spread is 7 so if -14 i bail with BE.

Someone telll me why i took the trade. i want t osee if people can see why i took it. hints are on chart

here is more hints
shouldve shorted NOW but anyways.


actually ill bail at a positive close above bear TL thabt breaks old support and becomes valid again.

target is demand

just what i needed.. a fake marubozu. sweet.

great now sellers TP fast making a bear doji stick hehehe.. come on bears u went that low. USDX in demand, aud usd should crack now the minor range. i use admiral markets for USDx and is in minor demand pocket and could rise to old support test.

THIS SHOULD BE contra-USD killing

not quite the shit i want but okay, good enough for now!


sellers in the gam,e im in quite early good enough

asking for trouble to hold a short in an uptrend. closed for 5 pips in oil. fucking spread ruins it all.

when PA stalls thats asking for trouble to just hold.

now i gotta go study biology till 9:30 30 mins for now.

go back later

stupid sellers got stops hunted.

hey guys this is weird a bear harami to a bear candle! lol intraday charts has its laughs

PA WILL HIT MY Target NO DOUBT.

i will stay away from oil. bad spread. 7 pips asking for trouble.