14 Year Old Forex Trader's Lessons

hello haskel,
its basically "extending price ". Square of 9 (or the hexagon chart etc) uses a point to project price levels. similarly to fibonacci levels, and murrey math. a Murrey math's 4/8 can be defined similarly as a 50% retracement.

but the difference is the fibonacci tools need 2 points, as with the sq9, hexagon, -agon charts and MM u use 1 point to project future price levels.
But in essence its all the "same".

Trivia:
fibonacci levels are not "fibonacci". They are ancient and existed before he did. he just made it famous.
Venus' synodic period/Earth's synodic period (225/365=0.618).
mercuryis 88-89 days to Venus' 225 days is = ~0.39 (close to 0.382)

Its all part of nature and has been there since time.

Right On London Open, Long's look fresh on USDCHF.
Looking to utilize a 35 pip stop with a target of 50 towards 9900 - perhaps holdout for NFP and perhaps...... parity.

Oops, only down since London open

we had to adapt,
interestingly we were long the USDCHF and stopped -35 pips initally. had a reentry @ 0.9800 and hte market went up 38 pips in our favor ahead of NFP. that turned out to be a fake and we were stopped breakeven.

then i noticed a good opportunity to long euro, and we gained good pips. One of mmy worst oh WORST mistakes previously when i was a noob (i still am but a better one at best!) was being very rigid on my bias without constantly reviewing market health/situation. I had only learnt that i couldreverse engineer that and become less rigid on trading.
Redlion has said that many times over the thread i think passing on Fti's teachings of "being like water" <which is teachings of bruce lee.. which is... em .. ok.


I always notify members with newws trading and to NOT trade if they dont like the volatility and all that. always ahead of time.
The market i have to admit is not as easy as it is but our live calls net forthe week end positive. will review that later

You murdered $swiss long the other day telling everyone you were going to double leverage and it paid off big for you.

No one wins 'em all or the market wouldn't exist.

Another impressive week Buma, way to go and look forward to your video recap.

hey poocher
thanks and yes its best to capitalize on those high probability trades.and as showcased they do exist whichever way you want to look at it. perhaps for a price action trader a pinbar at a pivot level is a A+ trade. for the fundamental trader perhaps a trade ahead of market expectations and everything leaning to one end of sentiment is an A+ trade, and maybe for the esoteric trader a price squaring with time is. whatever it is - capitalize on potentially profitable setups of a higher degree. my take on it

yea mate will do that by end of today im done trading

BUMA It appears you are 12 hrs behind me (central time usa) so that means your trading day ends??? 9am?

HB

hey haskel
i am @ GMT+7 and currently its 11:30 PM.

My trading day ends at around 12 am my time normally.
thats when US has breaks etc... yea i think its 12 hours behind. its just my time when i trade and when i dont. not the market open and close.
its my adjusted open and close

i love where im at coz i can trade asia all the way to US close easily

Pooch as promised...

(sorry i had upload problems!)
Live Call Review for July 30th - August 3rd
+185 Pips Profit
http://timingthemarket.weebly.com/2/post/2012/08/live-call-showcase-july-30th-august-3rd.html

Enjoy!

Ive always been fascinated with the ability to time, and gauge direction ahead of time. Lets see if i can do that later on silver
http://timingthemarket.weebly.com/3/post/2012/08/experiment-sell-silver-10-12-gmt-0100-time.html

My orders in silver.
i think 2 months ago a 40 cent move is pretty easy to catch not so sure about now with the lower range but looking for the trendline below to get tested as a profit target.

silver didn't work. still a work in progress this "experiment". note these arent live calls.

GBPUSD to move down 10:00 GMT+1 Time tommorow? (theres some manufacturing data news wise) and the chart seems more convincing of a move down.
(again this is an experiment)

switch that arrow up
okay ill consider this one to be a live call. The aspect is more or less to do with violent market moves. Yesterday turned out quite bullish with what i expected to be negative so this one currently will probably have an opposite effect as well.
BUY GBPUSD @ 1.5585 stop -30 -- -40 pips

The fact that we are rising towards some consolidation tells me theres a higher probabiity of a rise north in breakout of the consolidation rather than south.

were about 30 pips into profit on that long and since risk and current profit is now 1:1 - BE is now recomended.
still a wildcard, we're not even in the cycle time yet. ...
so still could drop definitely.

GBP manufacturing not as bad as expected...
brings it a little up...



instead of trading the cycle, we traded towards the cycle. which imo ti could drop so i closed it @ +42 pips. alerted subscribers about the fact that it can drop and the cyclical effect is just taking place.

which is why for live call #2
I am short on GBPUSD @ 1.5613 with stop @ 1.5643 (30 pips stop).
Targetting a break south of the wedge if possible.

second trade stopped -30 pips.

Live Call #3
GBPUSD on a gann square on the hourly up for a re-short.

Net pips on Live Calls thus far this week: +12 Pips.

ive changed SL/TP for the pound trade
for a 50 - 100 instead of a 30 -50 risk reward. If the setup is essentially good, then t should warrant for the new r/r.