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14 Year Old Forex Trader's Lessons

  • #7,121
  • Jun 15, 2012 5:55am Jun 15, 2012 5:55am
uber-bullish volume at the moment on silver ( looks like it - )
shouldve probably used a limit to get the spike low earlier.
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  • #7,122
  • Jun 15, 2012 6:48am Jun 15, 2012 6:48am
Geppy update
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  • #7,123
  • Jun 15, 2012 7:44am Jun 15, 2012 7:44am
what a bore. closde it with a 20 cent profit and a $3.30 profit. good enough for a meal at burger king tho right??
$3.30 in my country can get you a main course + 1 drink so ...
must be thankful!
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  • #7,124
  • Jun 15, 2012 7:50am Jun 15, 2012 7:50am
if you have watched my eurusd review video (http://www.screencast.com/t/yOgp89Ciz - for those who didnt see it before) for next week,
you can see the potential of a top is huge. this is the cycle i mentioned in the video. The square of 2 unpredictable planets.

Previous events highlighted.
We know nothing yet, its all a wait game but im more inclined to a top and notice i said in the video its not really a trade recommendation or a call. Call maybe, but i really dont suggest trading it. The election can create a gap and easily take out -10% of your account if you're not careful. the largest "gap" so far ive seen, was the CHF intervention 1000 pips. Slippages were seen at 200 pips to close and open orders if you were caught in the storm. Even with 1:1 allocated leverage to your trading lot you wouldve lost -10% on a -1000 pip trade. THE UR PL 90 cycle is around the 24-25th and its after the chiron cycle i talked about but this is the overall "vibe in the sky" for whats to come.
if you are interested in what it is and what cycle clearly i am using for this potential top (or bottom) watch the video. its 15 mins and hope you enjoy it
"Assume you are wrong first." - redlion
One of my fav quotes from Red
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  • #7,125
  • Jun 15, 2012 9:06am Jun 15, 2012 9:06am
from MBT:
All eyes are on the Greek elections this Sunday and volatility is expected to be high in the currency markets. The volatility will not be isolated to the Euro but potentially all currency pairs as Central Banks around the globe are standing by to take action, if necessary. The volatility could trigger stop orders and could result in larger than normal spreads. We recommend you review your open orders and currency positions and adjust them accordingly.

VOLATILITY IS EXPECTED TO BE EXTREMELY HIGH AND PAIRS COULD GAP TO EXTREME LEVELS PRIOR TO THE MARKET OPEN, AFTER 5 PM EASTERN TIME, ON SUNDAY. GOING INTO SUNDAY WITH POSITIONS CONSTITUTES A HIGHER DEGREE OF RISK AND YOU SHOULD ENSURE ADEQUATE FUNDS IN YOUR ACCOUNT TO PREVENT A MARGIN RISK LIQUIDATION OR TO PREVENT YOUR ACCOUNT FROM GOING NEGATIVE.

Best regards,


MB Trading UK
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,126
  • Jun 15, 2012 9:16am Jun 15, 2012 9:16am
seems its not only oanda giving out such tidings

anyways when market sentiment is extreme it tends to be opposite. its so freaking bearish now that the big boys can take it all up.

for giggles i am going short.
ha ive got guts!...

on demo for thsi one.
not a gambler on live :thumbs up:
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  • #7,127
  • Jun 15, 2012 9:29am Jun 15, 2012 9:29am
Quoting bumapatria
seems its not only oanda giving out such tidings

anyways when market sentiment is extreme it tends to be opposite. its so freaking bearish now that the big boys can take it all up.

for giggles i am going short.
ha ive got guts!...

on demo for thsi one.
not a gambler on live :thumbs up:
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,128
  • Jun 15, 2012 9:33am Jun 15, 2012 9:33am
Quoting changbachang

what are you thinking thats gonna unfold?

Im to the bearish side but that could change in a snap on how the market revolves next week
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  • #7,129
  • Jun 15, 2012 9:45am Jun 15, 2012 9:45am
Quoting bumapatria

what are you thinking thats gonna unfold?

Im to the bearish side but that could change in a snap on how the market revolves next week
im bearish too, and planned to trade the weekend gap , right now i have 4 sell stop and 1 active sell order ,also have 3 buy stop in case the result is positive and the market react positive too (which is actually like no way, greek already dead in any way) ,and of course all with Sl but no Tp , gonna manual Tp/close position when market open
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,130
  • Jun 15, 2012 9:55am Jun 15, 2012 9:55am
Quoting changbachang
im bearish too, and planned to trade the weekend gap , right now i have 4 sell stop and 1 active sell order ,also have 3 buy stop in case the result is positive and the market react positive too (which is actually like no way, greek already dead in any way) ,and of course all with Sl but no Tp , gonna manual Tp/close position when market open
Chang, i hope thats not live and even so you are risking a potentially huge bunch. We dont know how large the gap is going to be to the open from the friday close. even with no leverage it could be a potentially unnecessary loss. Your stops will come to no effect against the market open price that will be the stop level and your buy stops and sell stop will get triggered (if i am not mistaken) at the market open price.

I think its best to book all your profits. stay out - and play it next week. but you know thats your call and your account
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  • #7,131
  • Jun 15, 2012 9:58am Jun 15, 2012 9:58am
Quoting bumapatria
Chang, i hope thats not live and even so you are risking a potentially huge bunch. We dont know how large the gap is going to be to the open from the friday close. even with no leverage it could be a potentially unnecessary loss. Your stops will come to no effect against the market open price that will be the stop level and your buy stops and sell stop will get triggered (if i am not mistaken) at the market open price.

I think its best to book all your profits. stay out - and play it next week. but you know thats your call and your account...
wew i dont know about that, i try weekend gap trade once and its success , with Sl and Tp , and it likely hit Tp (not manual, still sleep) , so my stop loss and sell/buy stop wont work? :O , ok i will cancel it
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,132
  • Jun 16, 2012 1:02am Jun 16, 2012 1:02am
Quoting changbachang
wew i dont know about that, i try weekend gap trade once and its success , with Sl and Tp , and it likely hit Tp (not manual, still sleep) , so my stop loss and sell/buy stop wont work? :O , ok i will cancel it
in my opinion trading has a lot to do with the taking of risk and managing that risk.
Trading on the weekdays without carrying thru weekend is one type of risk.

Over the weekend where there is major news that can cause the apocalypse to arrive in forex and carrying a trade with it is another type of risk.

Which is better?
its just that its unneccessary risk . who cares if you miss 200 or even a 1000 pip opportunity. its better than losing that much. Over weekends you are at huge exposure when there is something like the greek elections occuring. You cant use a stop - that wil be market price. therefore risk maangement is useless. so yeah bro , its ok you will catch many more market moves!
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  • #7,133
  • Jun 16, 2012 2:12am Jun 16, 2012 2:12am
Quoting bumapatria
in my opinion trading has a lot to do with the taking of risk and managing that risk.
Trading on the weekdays without carrying thru weekend is one type of risk.

Over the weekend where there is major news that can cause the apocalypse to arrive in forex and carrying a trade with it is another type of risk.

Which is better?
its just that its unneccessary risk . who cares if you miss 200 or even a 1000 pip opportunity. its better than losing that much. Over weekends you are at huge exposure when there is something like the greek elections occuring....
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,134
  • Edited 5:38am Jun 16, 2012 3:01am | Edited 5:38am
Hey guys heres an update to the live calls this week whcih was 3 that i posted. The USDX which i gave on video previously. On first glance, it seems i really missed badly but au contraire it was still a hit despite a miss in the price target.
Gold and Dollar/Swiss i made posts here and heres the updates.

So the video here is to review those and the results + a lookout for next week for the dollar.
This is just how it looks intraday if you haven't seen the outlook on the cycles perspective watch here:
http://timingthemarket.weebly.com/video-section.html
EURUSD Astro-cyclical Review for Next Week (the one i posted yesterday)
http://www.screencast.com/t/yOgp89Ciz

Live Calls Review + USDX review for Next Week
http://www.screencast.com/t/OGqjOyY4jVa





Consider these live calls a trial to Ouranos' service and remember... the June Eclispe discount is still valid for the whole month of June...


http://timingthemarket.weebly.com/ou...et-timing.html
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  • #7,135
  • Jun 16, 2012 8:07am Jun 16, 2012 8:07am
Quoting bumapatria
in my opinion trading has a lot to do with the taking of risk and managing that risk.
Trading on the weekdays without carrying thru weekend is one type of risk.

Over the weekend where there is major news that can cause the apocalypse to arrive in forex and carrying a trade with it is another type of risk.

Which is better?
its just that its unneccessary risk . who cares if you miss 200 or even a 1000 pip opportunity. its better than losing that much. Over weekends you are at huge exposure when there is something like the greek elections...
Sorry for interrupting you discussion, but i think you are right. Weekend exposure is one of the worst thiing that can happen to a trader.

in the Other side, I think you are both wrong about going short. Everytime I go on bloomberg, they are always talking about what would happen if greece leave the EuroZone. But if you look on the Eur/USD, you will see that all the big boys are betting that Greece Will not leave the EuroZone. Exept for Monday, we were up for the whole week. Dont forget that the recent polls show that around 75% of the greek wanted to stay in the EuroZone.

Maybe the left party will win, but I think that the chance that your short bring anything good are very weak
Alternatives are more important than the plan itself
  • #7,136
  • Jun 16, 2012 8:29am Jun 16, 2012 8:29am
Quoting -Melo-
Sorry for interrupting you discussion, but i think you are right. Weekend exposure is one of the worst thiing that can happen to a trader.

in the Other side, I think you are both wrong about going short. Everytime I go on bloomberg, they are always talking about what would happen if greece leave the EuroZone. But if you look on the Eur/USD, you will see that all the big boys are betting that Greece Will not leave the EuroZone. Exept for Monday, we were up for the whole week. Dont forget that the recent polls show that around 75% of the greek wanted...

Not always, ive been in about 200 pips profit and carrying over wekeends over and thats okay if you are in enough profit and to go lose a few pips on a small position thats fine, and positive swap to carry on profits is a habit of mine. So as long as theres buffer thats fine but right now its not like youre in a huge 500 pip short unless you are...... + carrying profits over extended periods of time in no + swap pairs is useless (In my opinion).

Thats the thing about market sentiment, i personally dont take in news too much, but this election yes due to volatility but never in trading decisions. Only in potential outlooks for overall direction. When market sentiment is extreme on one end - potential fading can occur. I personally dont really care if i have to go long or short, its just inclining to the short side as we speak.

as i said in my video on the outlook of the euro,
 i am not even short - i am not going to take that risk over weekend. i cant manage a risk of a gap.

We'll see how it goes next week Melo, should be interesting fo-sho!
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  • #7,137
  • Jun 16, 2012 8:34am Jun 16, 2012 8:34am
Are we speculators evil?
Seeing to where countries go in ruins and proffiting from that? Making millions from banks going under and companies in shambles?

Are we capitalists?
We capitalize opportunities and make profits due to our unique skill to rake money in by buying and selling therefore "its just another job"?

Are we Justice?
Are we doing justice to those that 'deserve it"? Companies look so good, and some when looked at their share prices look abysmal. Are we the justice in the world to let people know whats good and bad?

Or are we just A$$Holes?



whats your opinion?
could be a good discussion
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  • #7,138
  • Jun 16, 2012 8:59am Jun 16, 2012 8:59am
i have constructed a blog post on an interesting mirror image forecast on the EUR/USD and how it played out so far.


Markets are structured in all sorts of ways. In this case, reflexively.

I began naked-eyeing this about last year and well it played out really well up till today but there was an adjustment i only saw recently.
enjoy the post! i will definitely update this as we move out in time!

http://timingthemarket.weebly.com/2/post/2012/06/eurusd-daily-chart-mirror-image-forecasts.html
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  • #7,139
  • Jun 17, 2012 3:34am Jun 17, 2012 3:34am
Quoting bumapatria
i have constructed a blog post on an interesting mirror image forecast on the EUR/USD and how it played out so far.


Markets are structured in all sorts of ways. In this case, reflexively.

I began naked-eyeing this about last year and well it played out really well up till today but there was an adjustment i only saw recently.
enjoy the post! i will definitely update this as we move out in time!

http://timingthemarket.weebly.com/2/post/2012/06/eurusd-daily-chart-mirror-image-forecasts.html...
o.m.g cool
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #7,140
  • Jun 17, 2012 10:10pm Jun 17, 2012 10:10pm
EUR/CAD Video for an Intraday Long Trade + Analysis
Enjoy the video!

Inserted Video
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