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14 Year Old Forex Trader's Lessons

  • #7,421
  • Aug 7, 2012 2:54pm Aug 7, 2012 2:54pm
Hello Buma, I read from your first page and last page.. i see a difference strategy, simple in first page, are u improve ur strategy?

Happy if i am play to bandung we can meet and talk each other..
AM Signal Provider
  • #7,422
  • Aug 7, 2012 3:06pm Aug 7, 2012 3:06pm
Hi Playboy
Thanks for reading the thread
yes that is right, its not completely the same and i think thats just the growth curve, and using what works best with you to yield profits. Its like a map and a journey. there was this subconscious, ethereal guideline for me and i simply followed the directions on the map and kept on going. i dont know how to explain it any further but the quest for what i am doing now started with
"my timing sucked"
reverse that statement to optimism > "improve timing".
i guess thats how it is. time is a really wonderful edge. keeps you ahead of the crowd, by hours, days, weeks and months.

As for the construction or building blocks of how i trade is basically just using whats best for me based on the knowledge i have discovered.

if anything i dont trade systems or a set strategy.
there is 1 system though which is how i do my MM. several "systems" for that
but really i dont have anything set in stone or so called "rules" besides the usual trading mantras like "manage risk" etc

btw awesome results on ur zulutrade
Have I got something on my face, SOLDIER?
  • #7,423
  • Aug 7, 2012 7:11pm Aug 7, 2012 7:11pm
BE stops on cable short (live call #3)
at the moment on 42 pips profit.
Initial target of call for 5600 is hit.


below hourly silly-bands and im looking for a move today below the 4h silly bands.
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  • #7,424
  • Aug 7, 2012 7:19pm Aug 7, 2012 7:19pm
Net Pips for Live Calls of the week= +54 pips
Before and after on Live Call #3 on GBPUSD Short
Call posted here.
(yes i do realize 5600 aint hit - but im considering this a profitable trade for 42 pips (short term), and as for the 100pip (wee bit longer than shorter term - so whatever type of trader you are - trade your style.)
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  • #7,425
  • Aug 8, 2012 1:31am Aug 8, 2012 1:31am
Quoting bumapatria
Hi Playboy
Thanks for reading the thread
yes that is right, its not completely the same and i think thats just the growth curve, and using what works best with you to yield profits. Its like a map and a journey. there was this subconscious, ethereal guideline for me and i simply followed the directions on the map and kept on going. i dont know how to explain it any further but the quest for what i am doing now started with
"my timing sucked"
reverse that statement to optimism > "improve timing".
i guess thats how it is. time is a really...
Thank you buma..

but i am just a newbie want to be growth in this world..

About your method make me

Anyway, your line in chart base on human behavior? same like Ganngrid and Fibo?

Your pic, remember me to the past people, who predict this time..

http://2.bp.blogspot.com/_3-87czu76r...ollar_bill.jpg
AM Signal Provider
  • #7,426
  • Aug 8, 2012 3:58am Aug 8, 2012 3:58am
Cable now @ silly bands on 4hourly. just back home - the most floating profit the order reached thus far was about 70 pips.
Guess what went wrong with the initial shorts? I converted GMT time to broker time wrong
But we did it right it was on 12:00 GMT and da-da!
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  • #7,427
  • Aug 8, 2012 4:03am Aug 8, 2012 4:03am
Quoting Playboy
Thank you buma..

but i am just a newbie want to be growth in this world..

About your method make me

Anyway, your line in chart base on human behavior? same like Ganngrid and Fibo?

Your pic, remember me to the past people, who predict this time..

My lines are just ways to define how the market is structured and take that information to trade. I know when the market can turn, i know when the market can trend, i know where to look for things. it answers a lot of questions.

As for is it based on human behaviour? it is possible. A lot of it has to do with natural laws of the universe. Which does apply to people so perhaps so.

Illuminati? nothing new age or whatever. Geometry is yes important. kinda like secret coded language
Have I got something on my face, SOLDIER?
  • #7,428
  • Aug 8, 2012 5:39am Aug 8, 2012 5:39am
Live Call #4: GBPUSD Short
(yes i notice my entry was not perfect )
Attached Image (click to enlarge)
Click to Enlarge Name: 8-8-2012 17-36-16 PM.png Size: 20 KB


Its rising right to the 50% of price and time of this nested square. its a high probability for the market to lineup like this. we'll see how it goes later...

profit target?
60-100 pips.
Have I got something on my face, SOLDIER?
  • #7,429
  • Aug 8, 2012 1:23pm Aug 8, 2012 1:23pm
Quoting bumapatria

My lines are just ways to define how the market is structured and take that information to trade. I know when the market can turn, i know when the market can trend, i know where to look for things. it answers a lot of questions.

As for is it based on human behaviour? it is possible. A lot of it has to do with natural laws of the universe. Which does apply to people so perhaps so.

Illuminati? nothing new age or whatever. Geometry is yes important. kinda like secret coded language

Geometry is awesome.. i am very want to learn geometry, i see geometry like improvement from pattern and next step from technical analyst.. maybe after i finish my tesis and get my bachelor in october.. wish me luck..

but i want ask something, this is part of geometry?
like a science in Yunani kuno a long time ago..

http://www.forexfactory.com/attachme...1&d=1344273185
AM Signal Provider
  • #7,430
  • Aug 8, 2012 1:38pm Aug 8, 2012 1:38pm
Quoting Playboy

Geometry is awesome.. i am very want to learn geometry, i see geometry like improvement from pattern and next step from technical analyst.. maybe after i finish my tesis and get my bachelor in october.. wish me luck..

but i want ask something, this is part of geometry?
like a science in Yunani kuno a long time ago..
Geometry is part of the link. theres an interconnection between different fields which build up your field of knowledge. its only a piece of the puzzle. yes an ephemeris has geometric elements correct.
i bid you well and God bless on your thesis! mine doesnt come in3 years

and yes again, the greeks, the egyptians, medieval aged people up till today have used the stars to predict commodity prices, weather, navigate, and all sorts of stuff.

its really all based on laws of nature that somehow and freakishly applies to the forex markets.

i can tell you that learning in this field requires your utmost effort. like seriously if u thought u had put in 100%, u probably needed 400%. theres no system, not much of a guideline or guidebook. theres only knowledge and information scattered around some in writing, some are just 'there' and Its not really about only solving the puzzle, but using the information to trade.
Have I got something on my face, SOLDIER?
  • #7,431
  • Aug 8, 2012 4:41pm Aug 8, 2012 4:41pm
Quoting bumapatria
and yes again, the greeks, the egyptians, medieval aged people up till today have used the stars to predict commodity prices, weather, navigate, and all sorts of stuff.

i can tell you that learning in this field requires your utmost effort. like seriously if u thought u had put in 100%, u probably needed 400%. theres no system, not much of a guideline or guidebook.
Thank you for your support

about geometry,
where the connection stars and commodity price?

Your word in bold make me speclesh..
so, from where you learn all of this technique ?

arghh..., that's make me burning..
AM Signal Provider
  • #7,432
  • Aug 9, 2012 8:45am Aug 9, 2012 8:45am
its almost a year of my trading as of august 23rd time flies by fast... ive learned a lot, lost my senses had ups and downs but would never do anything to not start in the first place. I have to admit i had learned a lot within the time span of 1 year. The learning curve is pretty fast thankfully. Just remembering the good times (i lost moeny back then but moeny doesnt define "good" or bad ), Redlion... Goldman... Mla.. Bakuli... such lovely times...
then Sti, Chad.. orionsway < the esoteric freaks
My journey through different trading methods... the evolution.. the subconscious part of the journey. its absolutely something to look back upon.

now all the arcane threads are slowly disintegrating in quality of value sadly. Perhaps its time taking its toll to preserve the jewels below the sand.

thanks everybody who have directly and indirectly contributed to who i am today - trading doesnt just mold oneself in the world of the markets, but it teaches and definitely changes one's paradigm about life itself, especially delving into all the esoterica. ..
thought i would say something near my trading birthday. .

buma (Buena)
Have I got something on my face, SOLDIER?
  • #7,433
  • Aug 9, 2012 9:03am Aug 9, 2012 9:03am
heres a good post by good Chad . its astro related to a question on the planetary thread few months ago but relate it to the whole step in market esoterica... ive bolded the major parts of this that need to be understood well. @Playboy i think u should read this

I think it's best to take it slow. Else you'll get overwhelmed. This isn't the kind of stuff you can cram into a weekend to learn and then all of a sudden be able apply to charts like a MACD.

Learn to apply the major aspects of a few planets. Don't pick too many. Just a couple like Mercury and Mars that are fast enough to have occurrences regularly. Then look at how they correlate to market movements throughout history in different markets and time frames. Find patterns. Look for patterns to repeat. Then start adding in other concepts like declination longitude price conversion.

This stuff is like learning to play a musical instrument. You can't just read a book and walllaaaaa you can play. You need to know the concepts but you also need to practice the instrument itself. Typically, you should be 'practicing' a lot more than you are studying/learning. So learn a few things and then spend a lot of time applying those things. Learn a few more things and then spend a lot more time applying.
Have I got something on my face, SOLDIER?
  • #7,434
  • Aug 9, 2012 9:25am Aug 9, 2012 9:25am
The major lessons i have learned thus far

1. trading demands a lot from you. esoteric stuff adds a lot more to that. statistics show 60% are losers in trading on average (maybe more or less), but the fact is that out of 1,000,000 'traders' out there only 300,000 make it. it demands a lot from you to "make it". In short, u gotta put in the effort. You will experience times where you wouldve broke down emotionally, cried (yes i have), felt like a failure, and etc... but its how you get back up again and how you go about trading again.

2. think something is valuable? read it twice or three times. it only kicks in after some repetition and thorough understanding. like keep your losses small. the value in the words comes after actually realizing what it really means.

3. you will get punished when you're not obeying your plan, and keeping a 'correct' (this depends on whatever your plan is) interaction with the market. (ie. your method requires you to use a stop loss. and you don't. )

4. Don't use something not of use.use useful things If Uranus doesn't tell theres a 75% chance probability the market will go down at bla-bla time, dont use it. if an ephemeris or gann square or a moving average is useless to make your trading decisions, dont use it simply. it all differs through every trader fo course. If you want to utilize a newly learned concept, dont do it during the trading week or if so use very small lotsizes on application.

5. Realization/Understanding Emotions: This is a classic everybody knows about this. I think my big jump was removing my attachment to the monetary value of my trading account. understand that your strategy/method works, and will continue to do so as long as you interact "correctly" with the market (read #2). Theres a definite point where you are subconsciously going to remove a stop loss, or do something that disrupts your natural and supposedly correct interaction with the market. Once you can consciously come to realization of actions and consequences due to emotional behaviour (impulsiveness, excessive levels of fear and greed resulting in unneccessary losses), thats where you emotions are your friends, not your enemy. < least for me thats how it went.

6. You cant stop learning and being better than you were before
we humans are imperfectly designed. So is our trading. No we dont have to be absolutely perfect, but we can do things to achieve better success. No an MACD or RSI does not Improve your system or strategy (most of the time). The learning curve simply does not end. anywhere even outside of trading. There is no "i did my best" - you can always do better.


i still got a lot to learn but again - thought i would share my experience and whatever ive learnt thus far. ive not listed any details as to stuff like "1. use a stop loss, 2. use a take profit " whatever but more or less concepts and ideologies that can be used to apply the lesser concepts.
Have I got something on my face, SOLDIER?
  • #7,435
  • Aug 9, 2012 10:27am Aug 9, 2012 10:27am
For those who are ate up with time...(you know who you are, lol)


Something to play softly in the background while drawing your charts !

Inserted Video


HB
  • #7,436
  • Aug 9, 2012 11:55am Aug 9, 2012 11:55am
GU hasnt move much on live call #4.
we have definitely some market moving stuff "in the sky" tommorow
Imo its going to be bearish. not only based on the sky but stuff like - GU is probably going to close the day with a bear engulfing with significant volume (significant selling) and it basically shows determination. so far its been to consumptive on the buy side imo its a buildup to a downmove.
Attached Image (click to enlarge)
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position is about +30 pips into profit.
Have I got something on my face, SOLDIER?
  • #7,437
  • Aug 9, 2012 12:00pm Aug 9, 2012 12:00pm
would be wise tho to use a BE stop if we decide to hold..
ive done that
we're also on a minor angle of support here, looking for a break now.
we can see thats where we bounced earlier and theres not much of a follow through. good signs of a break.
hopefully by tommorow where energy should come to play.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #7,438
  • Aug 9, 2012 12:02pm Aug 9, 2012 12:02pm
Quoting haskellb
For those who are ate up with time...(you know who you are, lol)


Something to play softly in the background while drawing your charts !

http://www.youtube.com/watch?v=OnlTrq6wLf0

HB
cool song mate!
thanks for sharing
Have I got something on my face, SOLDIER?
  • #7,439
  • Aug 9, 2012 12:11pm Aug 9, 2012 12:11pm
4h GBPUSD
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  • #7,440
  • Aug 9, 2012 12:14pm Aug 9, 2012 12:14pm
based on the hexagon, if we clear 5610, theres room towards 5630.
My targets a tad above @ 5650.
GU ATR on the day is about 120 pips and thats definitely within volatility's range.
Attached Image (click to enlarge)
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