14 Year Old Forex Trader's Lessons | Page 253 | Forex Factory

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14 Year Old Forex Trader's Lessons

  • #5,041
  • Nov 22, 2011 11:35pm Nov 22, 2011 11:35pm
this chart can easily speak for itself
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Click to Enlarge Name: this one can speak for itself.gif Size: 20 KB
Have I got something on my face, SOLDIER?
  • #5,042
  • Nov 22, 2011 11:59pm Nov 22, 2011 11:59pm
stopped out on cad -18.

not ready to drop the USD i guess
Have I got something on my face, SOLDIER?
  • #5,043
  • Nov 23, 2011 1:42am Nov 23, 2011 1:42am
spread widened by 5 pips. just nuts. stopped out on GU -97
Have I got something on my face, SOLDIER?
  • #5,044
  • Nov 23, 2011 1:43am Nov 23, 2011 1:43am
managed to get a crude scalp

+16.

need a lot to cover for today.

net loss stands at $-25.78

need to gain 129 pips on 0.02 lot
Attached Image (click to enlarge)
Click to Enlarge Name: crude trade.gif Size: 15 KB
Have I got something on my face, SOLDIER?
  • #5,045
  • Nov 23, 2011 2:32am Nov 23, 2011 2:32am
wow its so dangerous to counter the trend today.
  • #5,046
  • Nov 23, 2011 4:02am Nov 23, 2011 4:02am
hope everythings ok traders. No scalping for me today i will stick to what i am comfortable with and good at. Scyl, trading is very difficult and nobody really knows whats happening. You can talk the talk, express other peoples actions of what might happen and stick a million charts up but at the end of the day nearly all traders are in the dark, we are out siders searching around in dustbins for clues and always one step behind. i think you ought to get your own system and stick with it and try not to listen to some of the self appointed gurus online. Take care and good luck with your trading.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,047
  • Nov 23, 2011 4:44am Nov 23, 2011 4:44am
hey guys -117 on eu sl hit.


from this moment on i am a scalper and NOT a swing trader. i have made my choice.

only scalp 5 min charts the way i do.

Have I got something on my face, SOLDIER?
  • #5,048
  • Nov 23, 2011 4:49am Nov 23, 2011 4:49am
Quoting bumapatria
hey guys -117 on eu sl hit.


from this moment on i am a scalper and NOT a swing trader. i have made my choice.

only scalp 5 min charts the way i do.

  • #5,049
  • Nov 23, 2011 4:50am Nov 23, 2011 4:50am
Quoting GoldMan.
no worries, dont get all sad. its a swing traders life in higher tf.

i think ill scalp the way i do. much easier heehe...

hows u doing goldman?
all full of gold? or out of gold ?
Have I got something on my face, SOLDIER?
  • #5,050
  • Nov 23, 2011 4:57am Nov 23, 2011 4:57am
Quoting bumapatria
no worries, dont get all sad. its a swing traders life in higher tf.

i think ill scalp the way i do. much easier heehe...

hows u doing goldman?
all full of gold? or out of gold ?
Capturing 100 pip trades as always, 1-3 trades a day, no pressure, life is good. Only today I have got 30 pips but I blame it on my university crap, need to study for logistic exam.
  • #5,051
  • Nov 23, 2011 4:59am Nov 23, 2011 4:59am
Quoting GoldMan.
Capturing 100 pip trades as always, 1-3 trades a day, no pressure, life is good. Only today I have got 30 pips but I blame it on my university crap, need to study for logistic exam.
great!

damn i wish i was positive that much, but move on u lose mvoe on, give different thinking look at past to learn. i gain most by scalpign so why not scalp?

;0
Have I got something on my face, SOLDIER?
  • #5,052
  • Nov 23, 2011 5:14am Nov 23, 2011 5:14am
Quoting bumapatria
great!

damn i wish i was positive that much, but move on u lose mvoe on, give different thinking look at past to learn. i gain most by scalpign so why not scalp?

;0
Well if you look at eurusd for example, it's been a sell for all day, now why should I sell it for 20 pip and then buy for 20 pip and do it all day? First of all it just robs a lot of time and also it increases risk so actually most of those people end a day with 30 pip profit or they have even lost money. I start my day 1 hour before London opens. Look where big boys want it to go today and swim with the flow as long as it moves in that direction.
  • #5,053
  • Nov 23, 2011 5:17am Nov 23, 2011 5:17am
Quoting GoldMan.
Well if you look at eurusd for example, it's been a sell for all day, now why should I sell it for 20 pip and then buy for 20 pip and do it all day? First of all it just robs a lot of time and also it increases risk so actually most of those people end a day with 30 pip profit or they have even lost money. I start my day 1 hour before London opens. Look where big boys want it to go today and swim with the flow as long as it moves in that direction.
my swing trading allergies kicked in!



bad idea lol
Have I got something on my face, SOLDIER?
  • #5,054
  • Nov 23, 2011 5:23am Nov 23, 2011 5:23am
Quoting bumapatria
my swing trading allergies kicked in!



bad idea lol
And btw most of the time I look at M5 or M15 and I almost always close my trades in the end of the day, i take it day by day. Every day is different for me with new situations.
  • #5,055
  • Nov 23, 2011 5:29am Nov 23, 2011 5:29am
closed crude trade +10
Attached Image (click to enlarge)
Click to Enlarge Name: trapa.gif Size: 23 KB
Have I got something on my face, SOLDIER?
  • #5,056
  • Nov 23, 2011 5:35am Nov 23, 2011 5:35am
Quoting GoldMan.
And btw most of the time I look at M5 or M15 and I almost always close my trades in the end of the day, i take it day by day. Every day is different for me with new situations.
u are 100 pips up. u wanna sleep.

1. u close it.
2. u lock it by selling same lot size
3. u close half or 2/3 or 1/3 etc
4. put BE stop loss
5. Put trailign stop
6. Put + stop loss
7. just sleep coz u got too tired
Have I got something on my face, SOLDIER?
  • #5,057
  • Nov 23, 2011 5:46am Nov 23, 2011 5:46am
eu close half of lowest lot, all still runing target supply and old support
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m14.gif Size: 11 KB
Have I got something on my face, SOLDIER?
  • #5,058
  • Nov 23, 2011 5:49am Nov 23, 2011 5:49am
btw this is going to be valid SL hunt in eu. i know some went sell with sstops above 3410s shorting the fake m15 bearish engulfing bar
Have I got something on my face, SOLDIER?
  • #5,059
  • Nov 23, 2011 5:52am Nov 23, 2011 5:52am
closed all in EU +22

left higer one to run
Have I got something on my face, SOLDIER?
  • #5,060
  • Nov 23, 2011 6:17am Nov 23, 2011 6:17am
and those SL's are tripped
Have I got something on my face, SOLDIER?
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