14 Year Old Forex Trader's Lessons | Page 379 | Forex Factory

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14 Year Old Forex Trader's Lessons

  • #7,561
  • Aug 29, 2012 9:17am Aug 29, 2012 9:17am
Quoting taomql4
I really don't know how long Supply can hold ( GU ) , so I went monkey Long a while ago ..I suspect they might have absorbed the Big weekly candle , and If that's the case we might see the Top of that candle ..Don't wanna miss that ..

Will post chart later , Gotta go for a Run ...
as traders we must learn to be capable to adapt. ill take advantage of the manipulated pound strength on GBPCHF (which is essentially short EURUSD just with a better twist to it).

i wont be surprised for a 80-90 pip selloff incoming. GBPCHF has taken out some serious resistance here. (80-90 pip rise on GBPCHF).
its really got nothing to stop it in my opinion from doing so. lets see how it goes.
Have I got something on my face, SOLDIER?
  • #7,562
  • Aug 29, 2012 9:28pm Aug 29, 2012 9:28pm
How are You bro?
  • #7,563
  • Aug 30, 2012 7:52am Aug 30, 2012 7:52am
after clearing some resistance here, ive moved the stops on GBPCHF to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 8-30-2012 19-51-41 PM.png Size: 33 KB
Have I got something on my face, SOLDIER?
  • #7,564
  • Aug 30, 2012 7:53am Aug 30, 2012 7:53am
Quoting Toprofitable
How are You bro?
hello mate im good how about you? do i know you from somewhere?
Have I got something on my face, SOLDIER?
  • #7,565
  • Aug 30, 2012 11:15am Aug 30, 2012 11:15am
Close GBPCHF at +15 pips. it doesnt seem to want to make such a dedicated move.

Weekly live call pips -5 pips

Buena
Have I got something on my face, SOLDIER?
  • #7,566
  • Aug 30, 2012 11:35am Aug 30, 2012 11:35am
Quoting bumapatria
Close GBPCHF at +15 pips. it doesnt seem to want to make such a dedicated move.

Weekly live call pips -5 pips

Buena
Lucky You - I left with fewer than that on GU - It's the Weekly Supply . It's not so easy to get by it ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: intradayweekly1map.gif Size: 31 KB
Click to Enlarge Name: weeklysupply-map.gif Size: 23 KB
  • #7,567
  • Aug 30, 2012 11:54am Aug 30, 2012 11:54am
Quoting taomql4
Lucky You - I left with fewer than that on GU - It's the Weekly Supply . It's not so easy to get by it ...
didnt the pound sell off today?
did u catch that?
Have I got something on my face, SOLDIER?
  • #7,568
  • Aug 30, 2012 11:56am Aug 30, 2012 11:56am
GBPCHF retesting the broken resistance for support now and lines up with a timeline for yet another long. Stop -30 pips Entry @ 1.5167 and TP @ 50 pips towards 5215 (somewhere near the 1x1 angle)
Attached Image (click to enlarge)
Click to Enlarge Name: 8-30-2012 23-50-23 PM.png Size: 36 KB
Have I got something on my face, SOLDIER?
  • #7,569
  • Aug 30, 2012 9:34pm Aug 30, 2012 9:34pm
Quoting bumapatria
hello mate im good how about you? do i know you from somewhere?

Yeah, the one from Surabaya
  • #7,570
  • Aug 30, 2012 10:17pm Aug 30, 2012 10:17pm
Quoting bumapatria
GBPCHF retesting the broken resistance for support now and lines up with a timeline for yet another long. Stop -30 pips Entry @ 1.5167 and TP @ 50 pips towards 5215 (somewhere near the 1x1 angle)
-----------------------------------------------------------------------

Why is box anchored on this date? and not the high swing a few bars before?

haskellb
  • #7,571
  • Aug 31, 2012 4:56am Aug 31, 2012 4:56am
gbpchf stopped -30 pips.
weekly pips @ -35 pips.

I got something planned for US session. let me get my thoughts gathered in a few
Have I got something on my face, SOLDIER?
  • #7,572
  • Aug 31, 2012 5:15am Aug 31, 2012 5:15am
Looking to short EURUSD (maybe gold as well) on the f. moon which is right on london noon. This looks clearly of negative polarity to me and that tells me we could have markets miss expectations on more monetary easing. Shorts would have a target @ the TL.
Attached Image (click to enlarge)
Click to Enlarge Name: 8-31-2012 17-09-41 PM.png Size: 64 KB

still a tangible setup but what would be convincing for this setup is for the market to continue to rise to the time, rather then be dropping on the time already. We'll see how this goes.
give some deviation +1 or -1 hour for timing as its not always exact
Attached Image (click to enlarge)
Click to Enlarge Name: 8-31-2012 17-13-00 PM.png Size: 39 KB
Have I got something on my face, SOLDIER?
  • #7,573
  • Aug 31, 2012 5:49am Aug 31, 2012 5:49am
Decided to trade GU tonight. i cant get clear defined levels on EU except 2600. So GU looks better and i have set a sell limit @ 1.5850 with -30 pip stop. Targets are 50-60 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 8-31-2012 17-47-28 PM.png Size: 20 KB
Have I got something on my face, SOLDIER?
  • #7,574
  • Aug 31, 2012 6:30am Aug 31, 2012 6:30am
filled on short.
all up to the market now.
Have I got something on my face, SOLDIER?
  • #7,575
  • Aug 31, 2012 7:03am Aug 31, 2012 7:03am
coincidence?
Attached Image (click to enlarge)
Click to Enlarge Name: 8-31-2012 19-02-10 PM.png Size: 323 KB
Have I got something on my face, SOLDIER?
  • #7,576
  • Aug 31, 2012 8:11am Aug 31, 2012 8:11am
GBPUSD stopped on our earlybird entry.
-65 pips on weekly live calls.

Shorted Gold @ 1661
with $5 stop looking for 1650 and below ($10 profit potential) i think a lot of sell stops are placed there.
Attached Image (click to enlarge)
Click to Enlarge Name: 8-31-2012 20-02-50 PM.png Size: 23 KB
Have I got something on my face, SOLDIER?
  • #7,577
  • Aug 31, 2012 8:53am Aug 31, 2012 8:53am
breakeven stop on Gold.
Attached Image (click to enlarge)
Click to Enlarge Name: 8-31-2012 20-52-19 PM.png Size: 24 KB
Have I got something on my face, SOLDIER?
  • #7,578
  • Aug 31, 2012 8:59am Aug 31, 2012 8:59am
HUI : NYSE ARCA Gold Bugs Index
ill be watching 439.50 ,and theres just open space below.
Attached Image (click to enlarge)
Click to Enlarge Name: 8-31-2012 20-57-46 PM.png Size: 48 KB
Have I got something on my face, SOLDIER?
  • #7,579
  • Aug 31, 2012 9:19am Aug 31, 2012 9:19am
1650 hit... but my fucking feed was dead. now i have to contact broker to get this shit solved and do a trade adjusment. fucking bullshit why does this happen ONLY on gold and RIGHT on a news event?

with that said, i did get my order closed @ +$3.5 but thats NOT FAIR PRICE HAS HIT 1647... BULLSHIT.
Have I got something on my face, SOLDIER?
  • #7,580
  • Aug 31, 2012 9:42am Aug 31, 2012 9:42am
feed was dead for over 5 minutes, contacted support, and now sent email for cash adjustment on trade. i will take yes only for an answer.
i couldnt even set TP! restarted the platform several times....
Heres some proof, sure i closed the order in profit but that wasnt where i shouldve exited!! which as i posted here " A LITTLE BELOW 1650!"
Attached Image (click to enlarge)
Click to Enlarge Name: 8-31-2012 21-39-50 PM.png Size: 74 KB
Have I got something on my face, SOLDIER?
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