14 Year Old Forex Trader's Lessons | Page 369 | Forex Factory

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14 Year Old Forex Trader's Lessons

  • #7,361
  • Jul 29, 2012 9:22pm Jul 29, 2012 9:22pm
Quoting bumapatria
GBPAUD set to move down?
curr price about 1.5032 and a break of the arc would bring us into sub levels of the 1.5000s around 1.4930. About 100 pips

A trade worth taking with something like a 2:1 or even 3:1 R/R Ratio.
I personally think its not quite favorable to short the aud... the aud is one solid currency for the makings of a trend coupled with a weak one. Take a look at this month's economic data and pair it up with other major world economies for comparison.
Retail seems to always get it wrong so ... theres another...
Buma

What is your spread on that pair?
"Men who can both be right and sit tight are uncommon."
  • #7,362
  • Jul 29, 2012 9:24pm Jul 29, 2012 9:24pm
Quoting billytt
Hi buddy, long time no see. I hope your good and making pips.I had a phone call with someone offering me money to start a thread, wayhay, lol. i told them to stick it. Anyway bud you take care, billy
Bill

I think you should start a new thread, I have been following your post regularly and I find them insightfully. Many people will be gaining from your initiative.
"Men who can both be right and sit tight are uncommon."
  • #7,363
  • Jul 29, 2012 9:46pm Jul 29, 2012 9:46pm
Quoting Mike8
Buma

What is your spread on that pair?
hey mike its about 1.8 pips
Have I got something on my face, SOLDIER?
  • #7,364
  • Jul 29, 2012 9:50pm Jul 29, 2012 9:50pm
Quoting bumapatria
hey mike its about 1.8 pips
That is good,who is your broker?
"Men who can both be right and sit tight are uncommon."
  • #7,365
  • Jul 29, 2012 9:51pm Jul 29, 2012 9:51pm
Quoting Mike8
That is good,who is your broker?
pepperstone with the razor account. i can give u a review if ud like through pm if it would help

(no affiliation with pepper)
Have I got something on my face, SOLDIER?
  • #7,366
  • Jul 29, 2012 10:36pm Jul 29, 2012 10:36pm
Quoting bumapatria
pepperstone with the razor account. i can give u a review if ud like through pm if it would help

(no affiliation with pepper)
I have heard of them, they are based in Melbourne. I will look at their demo. Thanks.
"Men who can both be right and sit tight are uncommon."
  • #7,367
  • Jul 30, 2012 1:29am Jul 30, 2012 1:29am
GBPAUD in considerable profit of +42 pips
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Have I got something on my face, SOLDIER?
  • #7,368
  • Jul 30, 2012 2:28am Jul 30, 2012 2:28am
hope things are going well for you buma, i know its been awhile since i've dropped by but looks like you're doing a great job fine tuning your timing
  • #7,369
  • Jul 30, 2012 2:32am Jul 30, 2012 2:32am
Website Update*
New page
"Your Subscription"

http://timingthemarket.weebly.com/yo...scription.html
Have I got something on my face, SOLDIER?
  • #7,370
  • Jul 30, 2012 2:35am Jul 30, 2012 2:35am
Quoting neuron
hope things are going well for you buma, i know its been awhile since i've dropped by but looks like you're doing a great job fine tuning your timing
Hi neuron everything has been improving well - yeah theres lets say a few tricks you can apply that has worked well for me

how are you doing?
Have I got something on my face, SOLDIER?
  • #7,371
  • Jul 30, 2012 2:40am Jul 30, 2012 2:40am
at 60+ pips profit on GBP/AUD (2:1 R/R)
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Have I got something on my face, SOLDIER?
  • #7,372
  • Jul 31, 2012 1:12am Jul 31, 2012 1:12am
EURUSD to 1.2200 (or lower)?
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Have I got something on my face, SOLDIER?
  • #7,373
  • Jul 31, 2012 1:40am Jul 31, 2012 1:40am
Quoting bumapatria
EURUSD to 1.2200 (or lower)?
very nich buma
  • #7,374
  • Jul 31, 2012 1:43am Jul 31, 2012 1:43am
Quoting Patttern
very nich buma
Hi pattern

yeah news incoming later on this week... lets see if that can find some volatility for the market.
im short @ 1.22654 (i wanted 2300 to short but oh well... ) with a 2.5:1 RR -30 pip stop looking for 80-90 pips.
its an unusual rr im using now but the setup seems to warrant it so.. yeah.


so on the gann fan chart (the green lines) we broek the 2x1 and we should move to the 1x1. The 2200 is just a tech friendly level - but the euro needs to go there swiftly without sluggishness. Speed too slow - it will land on the 1x1 somewhere higher than there.
Have I got something on my face, SOLDIER?
  • #7,375
  • Jul 31, 2012 1:54am Jul 31, 2012 1:54am
Quoting bumapatria
Hi pattern

yeah news incoming later on this week... lets see if that can find some volatility for the market.
im short @ 1.22654 (i wanted 2300 to short but oh well... ) with a 2.5:1 RR -30 pip stop looking for 80-90 pips.
its an unusual rr im using now but the setup seems to warrant it so.. yeah.


so on the gann fan chart (the green lines) we broek the 2x1 and we should move to the 1x1. The 2200 is just a tech friendly level - but the euro needs to go there swiftly without sluggishness. Speed too slow - it will land on the 1x1 somewhere...
I just buy a for few pip
EU(M1)
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  • #7,376
  • Jul 31, 2012 2:31am Jul 31, 2012 2:31am
GBP/AUD
update
Attached Image


Call made here:
http://www.forexfactory.com/showthre...12#post5886012
"
curr price about 1.5032 and a break of the arc would bring us into sub levels of the 1.5000s around 1.4930. About 100 pips "
Have I got something on my face, SOLDIER?
  • #7,377
  • Edited 6:16am Jul 31, 2012 3:02am | Edited 6:16am
Quoting Patttern
I just buy a for few pip
EU(M1)
close buy and open sell now
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  • #7,378
  • Jul 31, 2012 6:17am Jul 31, 2012 6:17am
Quoting Patttern
close buy and open sell now
close all sell and waiting for buy
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  • #7,379
  • Jul 31, 2012 6:21am Jul 31, 2012 6:21am
Quoting Patttern
close all sell and waiting for buy
nice job pattern, i used to trade those timeframes and did succeed until it became too addictive into overtrading. thats always thedanger of scalping but hey its not impossible i just cant do it.

We had a stop hunt earlier - once again mr. whoever politican talks the market moves up. market participants will soon realize that its all just talk and no action.

sadly, central banks can move the market more than mere speculators
short still alive.Shakeout looks to drive the market down... its just a waiting game for me with this order.
I dont want to be over-confident but 2200 is a really spicy target.
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Have I got something on my face, SOLDIER?
  • #7,380
  • Jul 31, 2012 6:26am Jul 31, 2012 6:26am
Quoting bumapatria
nice job pattern, i used to trade those timeframes and did succeed until it became too addictive into overtrading. thats always thedanger of scalping but hey its not impossible i just cant do it.

We had a stop hunt earlier - once again mr. whoever politican talks the market moves up. market participants will soon realize that its all just talk and no action.

sadly, central banks can move the market more than mere speculators
short still alive.Shakeout looks to drive the market down... its just a waiting game for me with this order.
I...
my positions are suited for less pips,but sometimes even longer trading positions
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