14 Year Old Forex Trader's Lessons | Page 352 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Journey Of An 18 Year Old FX Trader 16 replies

How old are you, trader? 54 replies

old trader but new learner 4 replies

Attachments: 14 Year Old Forex Trader's Lessons
Exit Attachments

14 Year Old Forex Trader's Lessons

  • #7,021
  • May 30, 2012 6:20am May 30, 2012 6:20am
Latest trade ... NZDJPY
We took this trade around last night, and AUD retail sales really brought it down... as expected

70+ pips.
Attached Images
Have I got something on my face, SOLDIER?
  • #7,022
  • May 30, 2012 10:16am May 30, 2012 10:16am
Got the bounce on eurcad but stopped at breakeven.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-05-30_2214.png Size: 22 KB
Have I got something on my face, SOLDIER?
  • #7,023
  • May 30, 2012 10:18am May 30, 2012 10:18am
Here was how the F.OL. Pattern played out. Since we broke to the downside and tested the petal support to become resistance, market just sank there after the test. It did not retrace as far as i would've liked but this was definitely playable.

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-05-30_2216.png Size: 32 KB
Have I got something on my face, SOLDIER?
  • #7,024
  • May 30, 2012 10:32am May 30, 2012 10:32am
what an interesting geometric shape, haven't come across any literature on it yet, sure does look pretty haha
  • #7,025
  • May 30, 2012 10:37am May 30, 2012 10:37am
Quoting neuron
what an interesting geometric shape, haven't come across any literature on it yet, sure does look pretty haha
http://upload.wikimedia.org/wikipedi...-small.svg.png
The original has 6 harmonics. The one i drew up on the eurusd charts has 4 - hence 4 petals instead of 6.
Its not that hard to create - its pretty fast. Geometry doesn't get easier to mark price and time whether a square, triangle, or other polygons...
Have I got something on my face, SOLDIER?
  • #7,026
  • May 30, 2012 8:10pm May 30, 2012 8:10pm
AUDUSD takes out one more round number (0.9700) and OMT subscribers and I got into a nice short yesterday..

Take a look at how it went. I always mark my positions with tags...
0.9700 hit. i was honestly NOT expecting it to be hit especially before the AUD and NZD news to come out but this is a great example of how a market does when balance is taken away and gravity takes its toll.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-05-30_2244.png Size: 41 KB
Click to Enlarge Name: 2012-05-31_0809.png Size: 39 KB
Have I got something on my face, SOLDIER?
  • #7,027
  • May 30, 2012 8:16pm May 30, 2012 8:16pm
NZDJPY once more. Price was below the major axis of the circle and sitting on the inner square's support - but it was more of a charge point before it took off again.
Attached Images
Have I got something on my face, SOLDIER?
  • #7,028
  • May 31, 2012 6:45am May 31, 2012 6:45am
cool
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,029
  • May 31, 2012 7:16am May 31, 2012 7:16am
Hi man,

rofl commercial forum? Since when? Are you selling trade signals now? I buy twenty short signals pls.

T
"I know one thing, that I know nothing." Sokrates
  • #7,030
  • May 31, 2012 9:29am May 31, 2012 9:29am
Quoting Tom_D_Trader
Hi man,

rofl commercial forum? Since when? Are you selling trade signals now? I buy twenty short signals pls.

T
hey
yes, and no its not a signal service in short. that is an understatement - a lot more to it than hey emmm go long euro sl tp bla and go to hell. thats the average "service" and i do it lets say a notch higher with some other stuff. sig services take 100s of people. I take 10 max. theres a reason to that


lol how about making ur broker baankrupt - by selling 2000 lots an dmaking $$$$$$$$$$$$$$? ??

how are you tom?
Have I got something on my face, SOLDIER?
  • #7,031
  • May 31, 2012 9:42am May 31, 2012 9:42am
hey buma , just want to say thx for ur 'education' thx xD
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,032
  • May 31, 2012 9:55am May 31, 2012 9:55am
Quoting changbachang
hey buma , just want to say thx for ur 'education' thx xD
what education exactly?
(giggles)
Have I got something on my face, SOLDIER?
  • #7,033
  • May 31, 2012 10:02am May 31, 2012 10:02am
Quoting bumapatria
what education exactly?
(giggles)
this one and another one at indomt5 , still searching and learning about cycles(all of it) tough..
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,034
  • May 31, 2012 11:32am May 31, 2012 11:32am
Quoting changbachang
this one and another one at indomt5 , still searching and learning about cycles(all of it) tough..
Markets are they are structured in a defined way.
geometric in nature, they are fractal,they are cyclical, harmonious. it sure looks chaotic but it actually has an order. This is just one way to look at it. A price action trader will say price formations represent inflow of market participation, order flow traders analyze what can create liquidity what events that can occur - how to take advantage of this ...

Traders like us (not sure how to call 'us') see it as geometric in nature, they are fractal,they are cyclical, harmonious.
its really just ... amazing and beautiful. (SEXY )
trading definitely is something!
Have I got something on my face, SOLDIER?
  • #7,035
  • May 31, 2012 11:52am May 31, 2012 11:52am
Quoting bumapatria
...
lol how about making ur broker baankrupt - by selling 2000 lots an dmaking $$$$$$$$$$$$$$? ??

how are you tom?
No pls, I need to get my cash from Oanda. I dont want them to go bankrupt.

Well, how am I? Guess how is hardcore bear like me nowadays . Fine. Everyday better in fact. I just hope Spain goes bankrupt or Greece leaves Euro.

Hope you are well too friend. But since you survived on the market for more than a year now, I assume you are fine as well.

Good luck,

T
"I know one thing, that I know nothing." Sokrates
  • #7,036
  • May 31, 2012 12:19pm May 31, 2012 12:19pm
btw buma , i got strange case , just 30-50 minutes ago in eurusd 15min tf , its an up channel and the volume is down bar by bar.. and in 5th bar.. in shoot up like a rocket with warp drive , my 3 order hits sl (at around 1.23900) , i think its someone jump in market with 'kill' order eh? (3 GS and friends? xD) , and no its not market maker spike , i check my other brokers mt4 and its same.
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,037
  • May 31, 2012 12:20pm May 31, 2012 12:20pm
My outlook on silver at the moment for the week
http://timingthemarket.weebly.com/co...nd-metals.html
Have I got something on my face, SOLDIER?
  • #7,038
  • May 31, 2012 12:23pm May 31, 2012 12:23pm
Quoting changbachang
btw buma , i got strange case , just 30-50 minutes ago in eurusd 15min tf , its an up channel and the volume is down bar by bar.. and in 5th bar.. in shoot up like a rocket with warp drive , my 3 order hits sl (at around 1.23900) , i think its someone jump in market with 'kill' order eh? (3 GS and friends? xD) , and no its not market maker spike , i check my other brokers mt4 and its same.
So you were short and you were taken out?
It closes within support - so its a Failure at low pattern, i guess that faked out some weak sells but - it is in a downtrend and it can get a little bouncy and you just need to watch how price will react to cycles. especially the big ones. You can tell which can be acceleration or turning cycles
Have I got something on my face, SOLDIER?
  • #7,039
  • May 31, 2012 12:26pm May 31, 2012 12:26pm
Quoting bumapatria
So you were short and you were taken out?
It closes within support - so its a Failure at low pattern, i guess that faked out some weak sells.
gold safe me tou.. , now looking for good setup , gonna stay away from eur for a while
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,040
  • May 31, 2012 12:30pm May 31, 2012 12:30pm
Quoting changbachang
gold safe me tou.. , now looking for good setup , gonna stay away from eur for a while
oh yeah.. i realized ,looks like i forgot to check the 1h tf regularly (so didnt notice it close within support) , my bad
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
4 traders viewing now