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14 Year Old Forex Trader's Lessons

  • #6,941
  • May 22, 2012 11:09am May 22, 2012 11:09am
Quoting changbachang
oh yea, want to ask very very important question to buma & PT , what is the characteristic of an (True) ECN? , and i heard ECN always have commission , im with PFD (pacific financial derivatives) they dont have (no)commission IF my trade is lose , may i know according to u 2 or other Traders as well.. is PFD a True ECN? (u can check their web www.pfd-nzd.com) thx a lot lot lot [did i mention they're ex-WSD?]
wasn't WSD fined before?
true ECN have no fixed spreads if i am not mistaken. My curernt broker takes commisions round trip even if i lose.

careful with "ecn claimed bucketshops"
ECN (scam ones) = electronic con for newbies

BTW ive checked the PFD website i cant beleive they even had instances where spelling was wrong and bad grammar lol that dis-attracted me straight away
Have I got something on my face, SOLDIER?
  • #6,942
  • May 22, 2012 11:14am May 22, 2012 11:14am
Quoting bumapatria
wasn't WSD fined before?
true ECN have no fixed spreads if i am not mistaken. My curernt broker takes commisions round trip even if i lose.

careful with "ecn claimed bucketshops"
ECN (scam ones) = electronic con for newbies

BTW ive checked the PFD website i cant beleive they even had instances where spelling was wrong and bad grammar lol that dis-attracted me straight away
yes it is, but this 'new company' have good spread lolz (so i go for it damn) , may i know what is ur broker? im searching n searching for information and just got Dukascopy and MB Trading thats ECN reliable ,btw their website didnt say fixed spread but tight spread , and from FF brokers section.. their (PFD) spread looks not fixed or somthing (eye without glasses help lol)
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #6,943
  • May 22, 2012 11:23am May 22, 2012 11:23am
ok u 2 convinced me to throw my money to other broker now (im confused and galau before.. loll)

@buma : btw the price bounce from support line 2 (1.27242)
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #6,944
  • May 22, 2012 11:44am May 22, 2012 11:44am
i dont know why but i see something , my low-brain say it can short to 1.26550 loll
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #6,945
  • May 22, 2012 11:51am May 22, 2012 11:51am
Nikkei update
Rose 200 points from my call to get long.
http://timingthemarket.weebly.com/video-section.html


thought currencies mighgt folow but we got chopy action today.
Attached Image
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  • #6,946
  • May 22, 2012 12:41pm May 22, 2012 12:41pm
Quoting bumapatria
Nikkei update
Rose 200 points from my call to get long.
http://timingthemarket.weebly.com/video-section.html


thought currencies mighgt folow but we got chopy action today.
The correlation between equities and risk currencies has been weak for a while now. Not sure when it's going to snap back... Most likely when all is well in the world of finance. Don't hold your breath.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,947
  • May 23, 2012 1:06am May 23, 2012 1:06am
hit 1.26550 *demo account fuuuu.. oh well keep practicing
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #6,948
  • May 23, 2012 1:21am May 23, 2012 1:21am
Lot of whipsaws yesterday - got breakevens and stop outs but my initial entry on pound and euro managed to grab 150~ pips - as forecasted live here on this thread.

heres current play on the pound sent to OMT's subscribers - and i think its going to be nice so why not post it here publicly as a sample
Attached Image (click to enlarge)
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  • #6,949
  • May 23, 2012 1:27am May 23, 2012 1:27am
Quoting bumapatria
Lot of whipsaws yesterday - got breakevens and stop outs but my initial entry on pound and euro managed to grab 150~ pips - as forecasted live here on this thread.

heres current play on the pound
this is my noob opinion.. i think pound wont long much, later dive bear
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #6,950
  • May 23, 2012 3:54am May 23, 2012 3:54am
stopped out on that one earlier - but recovered on the re-entry here.
nailed down to the minute. volume reading also exceptionally 'demanding'


East point on the moon. stop at BE.
bout 20 pips up
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  • #6,951
  • May 23, 2012 4:03am May 23, 2012 4:03am
Gold and my favorite cycle.
long here with stop at 47. Signal + more comprehensive analysis sent to subscribers.
Attached Image (click to enlarge)
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  • #6,952
  • May 23, 2012 5:31am May 23, 2012 5:31am
USD Forecast
top incoming potentially
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  • #6,953
  • May 23, 2012 6:37am May 23, 2012 6:37am
Gold live call posted earlier
the effect so far is o-kay but it definitely has low volatility currently
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  • #6,954
  • May 23, 2012 6:46am May 23, 2012 6:46am
Quoting bumapatria
Gold live call posted earlier
the effect so far is o-kay but it definitely has low volatility currently
1565/75 area seems like a good retrace target for gold before the next drop. After than, we re-test 1520/25 area and my opinion is that it will not hold.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,955
  • May 23, 2012 6:53am May 23, 2012 6:53am
Quoting PipTrapper
1565/75 area seems like a good retrace target for gold before the next drop. After than, we re-test 1520/25 area and my opinion is that it will not hold.
not with the current market outlook. Dollar top is in and unless that changes - markets are expected to rise. price is not what im looking at either atm - irrelevant
but yes those are strong pivots

let the market show its hand and we'll play it out.
i know ure a strong bear with current situation.

Im quite the opposite.
Have I got something on my face, SOLDIER?
  • #6,956
  • May 23, 2012 8:07am May 23, 2012 8:07am
It is sometimes imperative to take a trade with ultimate accuracy and that is why price-alone level analysis can't. When you take a trade in the end its all about the timing into it.
Gold current long nailed down to the minute. really nice hit. cycle using a TNP
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bout 50 pips up on this add-on.


Cycle alert sent + signal sent to subscribers Signal had to be quick and fast as the alert was already given ahead of time.

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check the time of the alert and the signal. I am GMT +0700 and at 8:26 PM Mytime the alert was sent. 8:40 was the entry right on the 1 minute of the bottom.

:
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  • #6,957
  • May 23, 2012 9:43am May 23, 2012 9:43am
Quoting bumapatria
It is sometimes imperative to take a trade with ultimate accuracy and that is why price-alone level analysis can't. When you take a trade in the end its all about the timing into it.
Gold current long nailed down to the minute. really nice hit. cycle using a TNP
Attachment
Attachment
bout 50 pips up on this add-on.


Cycle alert sent + signal sent to subscribers Signal had to be quick and fast as the alert was already given ahead of time.

Attachment
Attachment

check the time...
So I guess you would call that a counter-trend trade?
Those who say it cannot be done should not interrupt those who are doing it
  • #6,958
  • May 23, 2012 10:40am May 23, 2012 10:40am
Quoting PipTrapper
So I guess you would call that a counter-trend trade?
lol maybe. .. anyways that was good for 50ish pips in 7 mins so cant complain

it dropped on one of my cycle times but i didnt take it coz im its not lining up with my major outlook.
home sales positive, but i held my fingers to get short. mars was on that time and mars... is agressive and mostly correlated with the negative. As seen earlier lol


trend is perceptive of the timeframe haha so it is a trend trade and a counter trend.

Bulls make money, bears make money, pigs get slaughtered.
u and i arentt pigs so we're good to go i think

i guess ure hapy eurusd took out yearly lows huh?
Have I got something on my face, SOLDIER?
  • #6,959
  • May 23, 2012 10:56am May 23, 2012 10:56am
Quoting bumapatria
trend is perceptive of the timeframe haha so it is a trend trade and a counter trend.

Bulls make money, bears make money, pigs get slaughtered.
u and i arentt pigs so we're good to go i think

i guess ure hapy eurusd took out yearly lows huh?
Definitely agree on trend as a perception.

I actually have mixed feelings about the Euro breaking lows.
On the one hand, I am profiting large from it.
On the other hand, I currently live in Europe, so I cringe when I think of what is ahead in the economy. Many Europeans will suffer needlessly if this charade continues much longer.

Anyway, as always, Happy trading and best of luck
Those who say it cannot be done should not interrupt those who are doing it
  • #6,960
  • May 23, 2012 11:00am May 23, 2012 11:00am
Quoting PipTrapper
Definitely agree on trend as a perception.

I actually have mixed feelings about the Euro breaking lows.
On the one hand, I am profiting large from it.
On the other hand, I currently live in Europe, so I cringe when I think of what is ahead in the economy. Many Europeans will suffer needlessly if this charade continues much longer.

Anyway, as always, Happy trading and best of luck
Only wish the same to you pal
Have I got something on my face, SOLDIER?
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