14 Year Old Forex Trader's Lessons | Page 252 | Forex Factory

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14 Year Old Forex Trader's Lessons

  • #5,021
  • Nov 22, 2011 6:34am Nov 22, 2011 6:34am
closed another GU 1 pipper PA moving too slow
Have I got something on my face, SOLDIER?
  • #5,022
  • Nov 22, 2011 6:55am Nov 22, 2011 6:55am
hi guys hows it going. my big trade didnt quite go to plan and i lost 30 pips ouch,,, but i got them back on the retrace niiiice. i been scalping on the 1 minute and today it has been so easy, text book stuff. if anyone has lost today they should do another money making scheme lol. but no doubt tomorrow will be a different story. Take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,023
  • Nov 22, 2011 7:28am Nov 22, 2011 7:28am
seems like you are doing some serious scalping buma. is it worth trading to aim to close for 1-2pips profit? or r u aiming for about 5-10 pips?

or is this your conservative way of trying to reclaim old losses?

i am slowly rebuilding my confidence after my DJIA fail counter trending incident last night.

today was a good day for scalping.
  • #5,024
  • Nov 22, 2011 9:34am Nov 22, 2011 9:34am
Quoting scyl
seems like you are doing some serious scalping buma. is it worth trading to aim to close for 1-2pips profit? or r u aiming for about 5-10 pips?

or is this your conservative way of trying to reclaim old losses?

i am slowly rebuilding my confidence after my DJIA fail counter trending incident last night.

today was a good day for scalping.
hey scyl, yes remember i tend to close half sometimes and stuff like that.


btw look at DD now.

much much lesser.plan worked out very well.

that eur usd sell float i managed to put BE stop loss and after i came back home its hit.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #5,025
  • Nov 22, 2011 9:40am Nov 22, 2011 9:40am
sorry what does DD stand for?
  • #5,026
  • Nov 22, 2011 9:49am Nov 22, 2011 9:49am
aud looks to break wedge, target is blue line. might add to it so i can close the buy hedge.
Attached Image (click to enlarge)
Click to Enlarge Name: buy hedge.gif Size: 20 KB
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  • #5,027
  • Nov 22, 2011 9:51am Nov 22, 2011 9:51am
closed upper aud short +12 entered another.

closed gbp usd +3
Have I got something on my face, SOLDIER?
  • #5,028
  • Nov 22, 2011 9:55am Nov 22, 2011 9:55am
closed aud +3 PA rejected target

daily gain (the way i count as 0.01 counts) 118 pips
Have I got something on my face, SOLDIER?
  • #5,029
  • Nov 22, 2011 9:58am Nov 22, 2011 9:58am
closed all losses of 110 pips.


daily gain +1 pip


what now? cant mess with me hahahhahaa
Have I got something on my face, SOLDIER?
  • #5,030
  • Nov 22, 2011 10:04am Nov 22, 2011 10:04am
that my friends is drawdown management ala buma

here is proof

btw this is live account
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  • #5,031
  • Nov 22, 2011 10:10am Nov 22, 2011 10:10am
price and time meet on crude oil. square of twelve = 144. PA at support and old resistance, so why not u know? range was 144 pips. damn id buy her up

closed at +7.
fucking crazy drop just now.. br...
Attached Image (click to enlarge)
Click to Enlarge Name: square of twelve.gif Size: 15 KB
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  • #5,032
  • Nov 22, 2011 10:15am Nov 22, 2011 10:15am
testing the pennant therefore i TPed
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  • #5,033
  • Nov 22, 2011 10:27am Nov 22, 2011 10:27am
this one is square of nine. price deviated beyond 81 pip range into 86, still worth a try.

blue zones are where to close halves

price action shows NO ENTRY BELOW. rejection to make a lower low then last wave therefore she will go up
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  • #5,034
  • Nov 22, 2011 10:28am Nov 22, 2011 10:28am
fuck it i gotta sleep. dont want DD through sleep now do we?

daily gains +10.
Have I got something on my face, SOLDIER?
  • #5,035
  • Nov 22, 2011 10:47am Nov 22, 2011 10:47am
here iam being stupid and still trading. sillly me...

okay buma ur DONE!!!!

closed for +2.

daily gains at +12.



buma stop now....

okay now i go eat some fruits
Have I got something on my face, SOLDIER?
  • #5,036
  • Nov 22, 2011 8:22pm Nov 22, 2011 8:22pm
Attached Image (click to enlarge)
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hi buma you ok, well my 2 big ones came in i picked just over 40 pips on g/u and just under 50 on e/u. the attachment was for 36 i believe on g/u and thats just to show i trade at small amount. and now i,m done until tomorrow. i might scalp later but the thing is even though i am doing quite well with it, it just isnt my style. i honestly prefer to just discard indies, fundamentals and what ever else and just do it. Bully the market i say . anyway take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,037
  • Nov 23, 2011 1:03am Nov 23, 2011 1:03am
Quoting billytt
Attachment

hi buma you ok, well my 2 big ones came in i picked just over 40 pips on g/u and just under 50 on e/u. the attachment was for 36 i believe on g/u and thats just to show i trade at small amount. and now i,m done until tomorrow. i might scalp later but the thing is even though i am doing quite well with it, it just isnt my style. i honestly prefer to just discard indies, fundamentals and what ever else and just do it. Bully the market i say . anyway take care
hell yeah nice job



@thread readers, i will post trades later, okay?
Have I got something on my face, SOLDIER?
  • #5,038
  • Nov 23, 2011 1:08am Nov 23, 2011 1:08am
USD Cad swing trade.

i have two orders at same level, 0.01 x 2. not coz its just fun to clikc sell twice but price confiremd with time.

12345 EW done, now its abc correction if i am not mistaken
Attached Image (click to enlarge)
Click to Enlarge Name: usd cad swing.gif Size: 16 KB
Have I got something on my face, SOLDIER?
  • #5,039
  • Nov 23, 2011 1:25am Nov 23, 2011 1:25am
Eu swinger

i dont think ill let the chart speak coz i doubt many would get it

kay basically price and time meet. horizontal meet with vertical makign a point, thats my definition. at least simply.

cycle show bullishness, daily demand zone for eu
Attached Image (click to enlarge)
Click to Enlarge Name: daily eur usd.gif Size: 24 KB
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  • #5,040
  • Nov 23, 2011 1:28am Nov 23, 2011 1:28am
price time met perfectly for cable.

61.8 and hit on cycle with PB
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