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14 Year Old Forex Trader's Lessons

  • #5,461
  • Jan 9, 2012 11:38pm Jan 9, 2012 11:38pm
Quoting bigslice54
yes, to 1.0750, many bumps & bruises along the way in this 1, but hey...they'll pay me $34.33/day % just to wait
the positive swap right?

nice
Have I got something on my face, SOLDIER?
  • #5,462
  • Jan 10, 2012 12:00am Jan 10, 2012 12:00am
getting very close to time to buy the "SNB trade"

ECHF is trading only 100 points from floor!

Plus...+.55% yield while waiting...
  • #5,463
  • Jan 10, 2012 12:03am Jan 10, 2012 12:03am
lol screw euro chf or even chf pairs i dont touch them hahaha



as for gold i closed higher for 30+ and left lower run with BE+
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  • #5,464
  • Jan 10, 2012 12:19am Jan 10, 2012 12:19am
as for gold - its trading at the top of the volaitltiy range - might TP...

its makng me fidget it may break 1630...

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im not evne sure the up linear regressed channel can be maintained with this kind of price action.

i would TP if price shows holding of the upper means of volatiltiy - and i will TP if it bounces... the only reason i would hold is a volatility range break to the upside.

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  • #5,465
  • Jan 10, 2012 12:27am Jan 10, 2012 12:27am
usdnok closed +120 basic simple PA trading.
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  • #5,466
  • Jan 10, 2012 12:28am Jan 10, 2012 12:28am
Quoting bumapatria
lol screw euro chf or even chf pairs i dont touch them hahaha



as for gold i closed higher for 30+ and left lower run with BE+

Are you outside US? I WISH I could be long silver/gold on spot!!! Gov't cut my legs off


On chart:
notice the way there are 3 distinct stopping points on the way down, then intervention & psyche push it back up to 1.24 area...nice 300 pip "'guarantee" as long as the floor stay protected by SNB.

I am waiting to if there's 1 maj0or push to flush out tight stops here, but I will be in this trade by 1.2075
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  • #5,467
  • Jan 10, 2012 12:29am Jan 10, 2012 12:29am
Quoting bigslice54
Are you outside US? I WISH I could be long silver/gold on spot!!! Gov't cut my legs off


On chart:
notice the way there are 3 distinct stopping points on the way down, then intervention & psyche push it back up to 1.24 area...nice 300 pip "'guarantee" as long as the floor stay protected by SNB.

I am waiting to if there's 1 maj0or push to flush out tight stops here, but I will be in this trade by 1.2075
i dont like these pairs - low range and lots of intervention from snb fucks.

from a psychology perspective EVERYONE wants to go long at 1.2000....

what IF they decide not to hold it?

lol im not much of a fundies dude


and yes i am outside of US.
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  • #5,468
  • Jan 10, 2012 12:58am Jan 10, 2012 12:58am
closed gold +97...

better something than nothing as i always say.
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  • #5,469
  • Jan 10, 2012 1:00am Jan 10, 2012 1:00am
AU out of steam for now. good short opp, but not me

Starting to build a position EChf.

If you can get your hands on the institutional & options data, I bet you'll see the same thing
Can you think of anything closer to a "sure thing" in FOREX?"??
  • #5,470
  • Jan 10, 2012 1:02am Jan 10, 2012 1:02am
Quoting bigslice54
AU out of steam for now. good short opp, but not me

Starting to build a position EChf.

If you can get your hands on the institutional & options data, I bet you'll see the same thing
Can you think of anything closer to a "sure thing" in FOREX?"??
price and time squaring.
no doubt.
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  • #5,471
  • Jan 10, 2012 1:10am Jan 10, 2012 1:10am
close upper long for +7

held lower with trailing stop of 40+ pips.

in case that doesnt trigger i have a stop loss of +5

its a win or win trade.
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  • #5,472
  • Jan 10, 2012 1:52am Jan 10, 2012 1:52am
aussie shorts to hedge euro trades with some Mandelboob lol counts and fib bar coutns.


i honestly wont use a stop on this one because of the hedging purpose of it.

not sure ill get that perfect profit- profit situation but it should be good nonetheless
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  • #5,473
  • Jan 10, 2012 2:11am Jan 10, 2012 2:11am
that sucks for a trailing stop lol EU trade trail stopped at +30 pips.


aussie in profit.. bla bla blah lol
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  • #5,474
  • Jan 10, 2012 2:21am Jan 10, 2012 2:21am
eur trade trail stop hit
chart in clear view
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  • #5,475
  • Jan 10, 2012 4:42am Jan 10, 2012 4:42am
short aussie - short crude

TP levels in case price gets that far..



will be back in 4h
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  • #5,476
  • Jan 10, 2012 8:26am Jan 10, 2012 8:26am
stop hit on aussie for BE. Im not going to lie i do lose sometimes. it was a hedge and im not willing to risk much for a darn hedge

crude is perfectomundo
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  • #5,477
  • Jan 10, 2012 8:26am Jan 10, 2012 8:26am
Quoting bumapatria
i dont like these pairs - low range and lots of intervention from snb fucks.

from a psychology perspective EVERYONE wants to go long at 1.2000....

what IF they decide not to hold it?

lol im not much of a fundies dude


and yes i am outside of US.

Lucky you. Thought about moving myself.
If the SNB does NOT defend the imposed floor, then won't that destroy validity in the entire system??

I assure you...if the floor is breached, go long against AUS or NZD & enjoy your new found wealth.

Floor is solid! Charts tell the story...everyone was expecting to load up @ 1.2140 area. This PA has shaken out many weak positions & have the given the CHF bulls some nice profit.

I'm almost purely technical as well. However, I just can't see the floor not being defended. If this level won't hold right now, then pay close attention to the 2.0075 area for info.
  • #5,478
  • Jan 10, 2012 8:37am Jan 10, 2012 8:37am
Quoting bigslice54
Lucky you. Thought about moving myself.
If the SNB does NOT defend the imposed floor, then won't that destroy validity in the entire system??

I assure you...if the floor is breached, go long against AUS or NZD & enjoy your new found wealth.

Floor is solid! Charts tell the story...everyone was expecting to load up @ 1.2140 area. This PA has shaken out many weak positions & have the given the CHF bulls some nice profit.

I'm almost purely technical as well. However, I just can't see the floor not being defended. If this level won't hold right...
hey man from ur view why is CHF so strong overall?

and the peg was too devalue their currency agaisnt euro to help the europeans right?

whats the fundamental view on ur op on CHF ?
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  • #5,479
  • Jan 10, 2012 9:38am Jan 10, 2012 9:38am
Quoting bumapatria
sorry for the mindFcuking taigen lol

hold that long anyways.
Here's the thing: most that visit this thread probably would believe in your bullshit.
Taigen Profit This Month: na
  • #5,480
  • Jan 10, 2012 9:42am Jan 10, 2012 9:42am
Quoting Taigen
Here's the thing: most that visit this thread probably would believe in your bullshit.
excuse me? whats with the impoliteness now? what bullshit?



if u are thinking of being impolite please leave. its counterproductive as it is MY thread.

if u arent sorry for misunderstanding but refrain from saying "your bullshit" as that is quite the offence. i dont need people who break peopel down. thank you.





oil trade update.
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