14 Year Old Forex Trader's Lessons

EURJPY rising wedge and u got some supply there ...

anyways...
here it is

rallies are made to go short on. selloffs are made to be longed on. at the right price and time. lets see if i can nail this.

1% risk in this case 60 pips leverage 1:2. i usually use 1:1.
yes im a low risk chciken

what is the platform for your second chart?

Gannanalyst pro

Yeah I remember you mentioned that in this thread, which is interesting to me as you are a big fan of time/cycles trading. Well moving averages show you the cycles. Of course you can't just trade ma crosses because most of the time at the moment two significant mas cross price wants to retrace back to the cross to test it, and sometimes the cross signaling the beginning of a possible trend will cause price to reverse completely(especially on smaller timeframes).

So you can't just watch for ma crosses you have look at how price reacts around the mas and how the mas react around each other.

The 4hr E/U chart I posted is an amazing example of how powerful moving averages are.

Here's a more detailed analysis of the E/U 4hr, and a E/U weekly chart analysis I did before the rally today. Amazingly price made it all the way up to the weekly 270T3MA where it just barely touched it and is now floating right underneath.


T3MAs are like the moving averages of moving averages and the best settings I've found are multiples of 3/9

Ribbons:
Green: 6 & 9
Red: 27 & 36
Orange: 180 & 270
Blue: 540 & 810
Purple: 1080 & 1620

Single lines:
Yellow: 45
Blue: 90
Red: 360


Sorry if I'm overwhelming you with info

And here's a 1 minute chart from the intense range we saw on Wednesday. The T3MAs work on any market, any market condition, and any timeframe.

Not only look for where price finds support or resistance but look what happens when different mas cross each other.

GBPUSD short setup

5min double top

EURJPY setup for midterm tradeable drop most likely

stopped at BE when i moved it too early LOL

time to close silver up maybe


been quite an "investment"

500 pips

taking a 2:1 lev short on eurusd

closed for +9. will look for next week for better opps no movement really

if u thought gold was a buy and hold u are wrong.

MCDONALDS IS!!
LOL

Mcdonalds weekly
stock has doubled value since 2007 values at 50s. now is around 100.

looking to go short on it. theres a price calculation method of percentage change since a drop or a rise. will try a short next week and find some other confluence.

Microsoft looks tasty for a short too.
ill post analysis for a drop (or not to drop) shortly

i am using dynamic price and time techniques that uses also retracements based on a cycle or a time range from a major high to another high or to a low, or low to low etc and as usual natural harmonic numbers.

i got some explanations within the chart. so enjoy!
just harmony within the markets.
once u find these numbers from the movements of price through time itself - u can repeat them and place them in different locations and not only the origin or end of the initial "time".

aspects: 90 square 120 trine 180 opposition 000 / 360 conjunction 45 semisquare 150 inconjucnt/quincunx 30semisextile 60 sextile.

using them as bar counts.

thought i might share some of my methods of time calculation to those who wonder whwat on earth im doing

microsoft chart also .
ill get to the short setup later in detail

okay microsoft short setup... 144 and 180 bar counts intertwine around that area - price is around the 180 degrees sq9 level and i expect a downmove from here

oscillator bearish divergence


if ure a simple trader.... resistance level major one as well - first test ever and divergence. there.

75% of price extension as well expecting some res

weekly square of 144 on microsofft.

this would be beautiful short i think. will leverage mybe 1:5 for this seems low risk for more profit mybe

lot of hidden gaps to the upside as well.

will short this on open

"you should always be able to find something where you can skew the reward risk relationship so greatly in your favor that you can take a variety of small investments with great reward risk opportunities that should give you minimum draw down pain and maximum upside opportunities"

-Paul Tudor Jones

Think about the R:R on this trade? The equities market has been a nightmare for shorts in the past few months. Many people are looking to be short this market, so if we potentially go higher there can be a final squeeze to fuck all of these shorts. In that scenario shorting MSFT is not a winning proposition. If the equities markets begin to correct which I think it will, MSFT will come in, but will hold in on a relative basis. The better way to be short the equity market is to short those stocks that are showing relative weakness and are laggards. Those will lag on a squeeze up and will get hit the hardest if the market corrects. Check out FCX, much better short imo and the price action has been telling you this!

This is where spreads can come into play, you can create trades where the R:R is highly in your favor. There is an art to putting on a trade as much as there is calling direction. You can use your Cycle work and still work on putting together the best R:R trades. Remember nothing is forsure in this business. Making it in the long run requires you to create good R:R propositions so its hard to lose and easy to make money. Here's a chart that shows what your % return would be on a long SPY- short FCX trade. If you went outright short MSFT or SPY you would be well underwater right now. A straight FCX short would have you ITM about 6%. Putting on the SPY-FCX would be giving you 12%.

Even if you don't want to put on a spread, think what would short would be giving you the best R:R opportunity!
http://www.forexfactory.com/images/buttons/edit.gif

or simply its so bullish - market makers and big money are waiting to short. (or not)
it might go up who knows.

im looking at 1:5 or greater on this trade btw..
FCX..i dont have that btw.
and i dont have a platform or a broker that has spread trading capabilities.

i got proccter and gamble on my table of possible short trade as well.
check on exxon , u might be interested in it also american xpress. interesting levels


if theres anything i wont short - its mcdonalds and apple maybe
ill post PG and Xom momentarily.