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14 Year Old Forex Trader's Lessons

  • #5,341
  • Jan 3, 2012 6:20am Jan 3, 2012 6:20am
and CHFyen does rise

closed these up. such a small range pisses me off.

was some pretty heavyheavy longs in play... sad its not in the best pair
not the best squaring in the world, but its a nice one no doubt


made around 96 pips net - spread.
only trade closed this week so far. looking to counter soon.
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  • #5,342
  • Jan 3, 2012 8:05am Jan 3, 2012 8:05am
Well done!

Well I got 31 pips onGBPUSD from 15535 up to 15566

Trading micro lots I have managed to get my balance up from $7.30 to $24.51

Just shows what one can do trading without fear!!

I have decided to try to recover my balance of $600 without refunding. Anyone think it's possible? Well I'm going to try! I'll keep you all posted as to my success or failure!

Rgds
Jerry
  • #5,343
  • Jan 3, 2012 8:34am Jan 3, 2012 8:34am
Quoting jmtini
Well done!

Well I got 31 pips onGBPUSD from 15535 up to 15566

Trading micro lots I have managed to get my balance up from $7.30 to $24.51

Just shows what one can do trading without fear!!

I have decided to try to recover my balance of $600 without refunding. Anyone think it's possible? Well I'm going to try! I'll keep you all posted as to my success or failure!

Rgds
z
Jerry
keep risk small, just trade. use 0.01 lots.

dont change before 1k.

good luck

least thats what i would do
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  • #5,344
  • Jan 3, 2012 9:53am Jan 3, 2012 9:53am
Quoting jmtini
Well done!

Well I got 31 pips onGBPUSD from 15535 up to 15566

Trading micro lots I have managed to get my balance up from $7.30 to $24.51

Just shows what one can do trading without fear!!

I have decided to try to recover my balance of $600 without refunding. Anyone think it's possible? Well I'm going to try! I'll keep you all posted as to my success or failure!

Rgds
Jerry
I have no doubt you can do it. Success begets success. Apply reasonable risk and you will be surprised how quick you will recover your funds.
Taigen Profit This Month: na
  • #5,345
  • Jan 3, 2012 9:57am Jan 3, 2012 9:57am
Quoting Taigen
I have no doubt you can do it. Success begets success. Apply reasonable risk and you will be surprised how quick you will recover your funds.
  • #5,346
  • Jan 3, 2012 10:42am Jan 3, 2012 10:42am
markets should start crashing back south now.

EU at supply and timeline to go short.
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GU same deal.
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there is no support for eu but at the lows before the rise.
i would short all but thats not me, i only go with one pair/instrument of positive correlation. give this 3 days to work out.

or les..

one thing i noticed is that my GU and EU charts are synced in time.






Dow is my more interest tho
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oh yeah a note the williams % range is a lagging indi, but i love it. early heads up signals. divergences are great with this one

And people, im sure many other pros aregetting to go short. good news = go short. bad news = go long.

thats how it works. U give me a high price, ill go short. u give me a low price ill go long.



Lets see if im going to see the crash i want to see. im done going long. made enough on that GU swing trade. time to counter it. least for me.


any other analysis from anyone? any type is welcome? elliot or PA, or planets, or animals, or S/r or anything is allowed. if u analyze by using ur birthdays i still accept it. so please any thing is welcome
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  • #5,347
  • Jan 3, 2012 11:41am Jan 3, 2012 11:41am
told ya


damn it im so sleepy
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  • #5,348
  • Jan 3, 2012 1:00pm Jan 3, 2012 1:00pm
Quoting bumapatria
told ya


damn it im so sleepy
just a question....


Do you think GBPUSD will rise higher than this ( there is a double bottom formation ) ???
I am the one and only profitable forex trader, but not the only one
  • #5,349
  • Jan 3, 2012 3:20pm Jan 3, 2012 3:20pm
Quoting fx learner1
just a question....


Do you think GBPUSD will rise higher than this ( there is a double bottom formation ) ???
Get a copy of "TRADING IN THE ZONE" by Mark Douglas

Mark thinks that profitable trading depends on our understanding of the five fundamental truths of trading:

1. Anything can happen.

2.You don’t need to know what is going to happen next in order to make money.

3. There is a random distribution between wins and losses for any given set of variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing happening over another.

5. Every moment is unique.

That last point may need some explantion. Douglas thinks that it’s important for traders not to seek to know the outcome of a trade. Indeed this is impossible, as the market behaves in an eternally uncertain, unique way. Traders need to accept this, and just rely on probabilities being in their favour. Feeling certain about a market’s direction inevitably leads to fear,annoyance and stress when the market goes against our expectation.
It takes a lot for me to IGNORE you, but you can try.
  • #5,350
  • Jan 3, 2012 3:36pm Jan 3, 2012 3:36pm
Quoting Erebus
Get a copy of "TRADING IN THE ZONE" by Mark Douglas

Mark thinks that profitable trading depends on our understanding of the five fundamental truths of trading:

1. Anything can happen.

2.You don’t need to know what is going to happen next in order to make money.

3. There is a random distribution between wins and losses for any given set of variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing happening over another.

5. Every...

i like very much Mark Douglas thoughts and his excellent book "trading in the zone"
I hear and I forget. I see and I remember. I do and I understand.
  • #5,351
  • Jan 3, 2012 6:41pm Jan 3, 2012 6:41pm
Quoting Erebus
Get a copy of "TRADING IN THE ZONE" by Mark Douglas

Mark thinks that profitable trading depends on our understanding of the five fundamental truths of trading:

1. Anything can happen.
2.You don’t need to know what is going to happen next in order to make money.

3. There is a random distribution between wins and losses for any given set of variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
...


of course. very truly written by erebus. i dont predict price. heck no. just react when it reaches a place and time. its about reacting right at that time and price. not predicting.

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  • #5,352
  • Jan 4, 2012 2:12am Jan 4, 2012 2:12am
closed usdnok scalp for +138
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  • #5,353
  • Jan 4, 2012 2:56am Jan 4, 2012 2:56am
Like your short for GU and EU
  • #5,354
  • Jan 4, 2012 3:07am Jan 4, 2012 3:07am
we got bids on USD guys


confirmed supply for euro and gbp and demand for dollar

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  • #5,355
  • Jan 4, 2012 5:00am Jan 4, 2012 5:00am
so it happened


should have no support based till 2950s in 1 day that is the possible long jump up with lots of bids, and buyin, but lets see how it flows now
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  • #5,356
  • Jan 4, 2012 5:34am Jan 4, 2012 5:34am
nyeah u cant really see price here, but its below my sell orderse


was a good hold since asia

if u look at the price line its near the 23.6 but below the ccyle line so hard to see yes



crude oil btw
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  • #5,357
  • Jan 4, 2012 5:37am Jan 4, 2012 5:37am
Eu fruits nicely bankk profits here i guess

or close some.
and put a BE or profit stop.


or do nothing and act like idiot.
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  • #5,358
  • Jan 4, 2012 6:07am Jan 4, 2012 6:07am
bank some more...

2/4 outers
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  • #5,359
  • Jan 4, 2012 7:19am Jan 4, 2012 7:19am
crude oil update from a clean chart perspective
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  • #5,360
  • Jan 4, 2012 7:23am Jan 4, 2012 7:23am
usdcad no more resistance?
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