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14 Year Old Forex Trader's Lessons

  • #7,741
  • Oct 10, 2012 8:18am Oct 10, 2012 8:18am
Quoting bumapatria
Looking forward to this trade on CHFJPY
still gettin at it huh ... good stuff nice dedication..
  • #7,742
  • Oct 10, 2012 9:43am Oct 10, 2012 9:43am
Quoting domino
still gettin at it huh ... good stuff nice dedication..
hey domino, thanks..

all the best to your trading
Have I got something on my face, SOLDIER?
  • #7,743
  • Oct 10, 2012 9:57am Oct 10, 2012 9:57am
heres an interesting mirror image forming up on EURJPY on the hourly backed up with a straightforward elliot wave count.

i would get my ass short on yen crosses,
+ the R/R if i were to take this trade (already loaded on other crosses) looks to be about 50:120 if i took the trade right here on current market price.

Looking to a tanking in yen crosses for tommorow > friday. lets see how it plays out....
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #7,744
  • Oct 10, 2012 10:03am Oct 10, 2012 10:03am
enjoy some good music
Inserted Video
Have I got something on my face, SOLDIER?
  • #7,745
  • Oct 10, 2012 11:22pm Oct 10, 2012 11:22pm
EURJPy mirror image update
http://www.forexfactory.com/attachme...1&d=1349888175
Attached Image (click to enlarge)
Click to Enlarge Name: 10-11-2012 13-21-30 PM.png Size: 18 KB
Have I got something on my face, SOLDIER?
  • #7,746
  • Oct 10, 2012 11:27pm Oct 10, 2012 11:27pm
Here was a GBPJPY Trade setup sent to subscribers last night and the update....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 10-11-2012 13-26-22 PM.png Size: 32 KB
Have I got something on my face, SOLDIER?
  • #7,747
  • Oct 12, 2012 12:30pm Oct 12, 2012 12:30pm
Nice mirror. did you draw the crop circles by hand?
  • #7,748
  • Oct 12, 2012 12:47pm Oct 12, 2012 12:47pm
Quoting JR97
Nice mirror. did you draw the crop circles by hand?
sad it was short lived though thought it might'ved played out faster. I started using hand, but its with a script now. I do some handiwork if i need some sub harmonic divisions for example, or if i need to do some scale work on a different timeframe as i usually use this for intraday purposes. its a square nested on to a swing by its high and low and then add a few other ornaments and voila
Have I got something on my face, SOLDIER?
  • #7,749
  • Oct 12, 2012 12:54pm Oct 12, 2012 12:54pm
Quoting JR97
Nice mirror. did you draw the crop circles by hand?
Here was one i was watching today on the Kiwi. Not the best reaction as i'd expected it to rise to the center point to the price/time hotspot for a bigger reaction but 'time' was still present. The concept of trading it is really simple. Well any shape or whatever is easy to utilize when you get the general axiom/premise of what it all means.
Attached Image (click to enlarge)
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It's tricky to trade intraday now, so im sticking to higher timeframe charts like swing trading the dailies. volatility diminishing, lowering trade frequency now. I have to admit this month is not the easiest i've traded. I should probably also talk about some interesting dates coming which has very interesting confluence over a broad variety of markets, which isnt too far away, (but maybe should be kept at heart and secret?)
Time forever will be the advantage....
Have I got something on my face, SOLDIER?
  • #7,750
  • Oct 13, 2012 11:12pm Oct 13, 2012 11:12pm
Hi bumapatria.

i got a few questions.

1)
i just saw your vid:
http://www.screencast.com/t/U3qaT7eWi

i see you are using metatrader.
maybe you can do a tutorial on these patterns you use.


2)
I am trading mainly EU and silver/USD
Do you want to work together on setups?
I am a swing trader, any relyable trade will do 15m+ tf.
What i hope is that at times we get the same entries with our different approaches and so make our trades more reliable.

I am looking to short silver:
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My view on EU atm..

daily:
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4h
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1h
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  • #7,751
  • Oct 14, 2012 2:39am Oct 14, 2012 2:39am
Hi Longshot,

Thanks for the interest and viewing my video. Regarding the patterns (the gann square, nested squares, mostly) i use they are cake simple but i dont go about making tutorials on making it, preferences of trading them, etc. A Gann Square is essentially just gann fans set on a square from its corners. The funny crop circle looking thing is a square that you 'nest' on price swing. that's all. I do introduce some of the materials to subscribers but that's about it. You might want to check out JR97's blog i think he has some material if im not mistaken, and also make sure to read other well-known great esoteric traders here like Ilovepippin and Sti, and the gang. Checkout Wave59, marketwarrior, and marketanalyst.Those are the easiest user friendly platforms (id have to go with wave59 being the top) if you like to start on the esoteric stuff.

Nice to know that you swing trade as well. Work together? I don't think that would work. analysis paralysis might occur on both ends :S, and style is one other thing.

I'll see if i can post some views on Silver and Euro, but currently focusing on the trading without the live calls i used to give at least for October.
Have I got something on my face, SOLDIER?
  • #7,752
  • Oct 14, 2012 4:28am Oct 14, 2012 4:28am
Quoting bumapatria
Hi Longshot,

Thanks for the interest and viewing my video. Regarding the patterns (the gann square, nested squares, mostly) i use they are cake simple but i dont go about making tutorials on making it, preferences of trading them, etc. A Gann Square is essentially just gann fans set on a square from its corners. The funny crop circle looking thing is a square that you 'nest' on price swing. that's all. I do introduce some of the materials to subscribers but that's about it. You might want to check out JR97's blog i think he has some material if...
Thanks for the reply. I go look for the esoteric analysis stuff. ttyl.
  • #7,753
  • Edited 5:29am Oct 14, 2012 5:07am | Edited 5:29am
my first attempt.
seems to work nice.

just don't really know how to use it yet.
any of those lines could do something.

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  • #7,754
  • Oct 14, 2012 5:44am Oct 14, 2012 5:44am
Quoting longshot_nl
my first attempt.
seems to work nice.

just don't really know how to use it yet.
any of those lines could do something.

Attachment
funny, i was using cycles lately and i was wondering how they came in to existence. now i think it might be becouse of these shapes. but now i don't know how these geometric patterns and shapes came into existence. Or maybe these shapes came into existence becouse of cycles. I really find forex fascinating.

  • #7,755
  • Oct 14, 2012 5:59am Oct 14, 2012 5:59am
attempt 2.
its in the middle of a square now.
could be a turning point?, lets see.
apparently you need to zoom in to see the red lines.
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  • #7,756
  • Oct 14, 2012 6:09am Oct 14, 2012 6:09am
post all you want here ! Sincerely welcome to post charts and thoughts!

If i have to put my thoughts into why the esoterica works, It's order. and structure. I have a lot of respect for traders who can profitably trade technically as their stronger hand, but if you're a technical trader only looking at price then you're missing out on a very important element which is called time.

Where to trade? or When to trade? How about both? that is where the strength of price and time kicks in. When + where.

It does require extensive and eye watering research and experimentation, but i think you're doing well so far with sharing charts. It really comes down to what works. There are NO "rules" or systemic way to use the tools. There are general logics to go by though.

If you're working with geometry there's one catch. Scaling.

The pictures will speak out to you better than my words will..
I'll see if i can grab some old charts where that might help you out.
Have I got something on my face, SOLDIER?
  • #7,757
  • Oct 14, 2012 6:27am Oct 14, 2012 6:27am
Quoting bumapatria
post all you want here ! Sincerely welcome to post charts and thoughts!

If i have to put my thoughts into why the esoterica works, It's order. and structure. I have a lot of respect for traders who can profitably trade technically as their stronger hand, but if you're a technical trader only looking at price then you're missing out on a very important element which is called time.

Where to trade? or When to trade? How about both? that is where the strength of price and time kicks in. When + where.

It does require extensive and eye watering...
ok great thanks.!

  • #7,758
  • Oct 14, 2012 7:01am Oct 14, 2012 7:01am
i plotted white lines where the lines come from blue crossings.
it hit exactly in the middle of 2 white lines at the arrow.
which is also 50% of the height of the original wave.
so one charts sais up, the other one sais down.
i want price to touch the red line and see confluence in a chart like this.

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  • #7,759
  • Oct 14, 2012 10:41am Oct 14, 2012 10:41am
Quoting longshot_nl
i plotted white lines where the lines come from blue crossings.
it hit exactly in the middle of 2 white lines at the arrow.
which is also 50% of the height of the original wave.
so one charts sais up, the other one sais down.
i want price to touch the red line and see confluence in a chart like this.

Attachment
cleaner charts, up versus down.
both with my red TL.

up:
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down:
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  • #7,760
  • Oct 14, 2012 1:22pm Oct 14, 2012 1:22pm
i think i might have found the hot spot.
i left out the irrelevant lines.

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