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14 Year Old Forex Trader's Lessons

  • #7,761
  • Oct 14, 2012 4:31pm Oct 14, 2012 4:31pm
Quoting longshot_nl
i think i might have found the hot spot.
i left out the irrelevant lines.

Attachment
found additional possible confluence.

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  • #7,762
  • Oct 15, 2012 1:02am Oct 15, 2012 1:02am
Quoting longshot_nl
i think i might have found the hot spot.
i left out the irrelevant lines.

Attachment
might not happen..
excuse me, am still learning this.

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  • #7,763
  • Oct 15, 2012 7:30am Oct 15, 2012 7:30am
GBPUSD
Stuck in consolidation ahead of a timeline +
positive planetary energy all the way towards the 17th... makes for a good long setup..
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  • #7,764
  • Oct 15, 2012 7:37am Oct 15, 2012 7:37am
The Forex might be a little directionless at the moment but this sparks my interest and i have sent this to subscribers and is a general overview of the market looking at the Dollar Index, which i thought would be up for share here as well.

It's my look on the dollar. Fairly bland and simple, and the 80.00 handle on the DX is one to watch for dollar selling opportunities.
Attached File(s)
File Type: pdf GeneralmarketoutlookUSDX.pdf   333 KB | 394 downloads
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  • #7,765
  • Oct 15, 2012 6:44pm Oct 15, 2012 6:44pm
bumapatria, could you please shed your light on silver/usd...
i am looking for a bearish setup.

thanks.!
  • #7,766
  • Oct 16, 2012 3:10am Oct 16, 2012 3:10am
Quoting longshot_nl
bumapatria, could you please shed your light on silver/usd...
i am looking for a bearish setup.

thanks.!
Hi Longshot,
I definitely have seen better 'chart health' but I have a nested square here extended from the swing marked with the grey circle. A price/time hotspot is located at 33.37, tommorow at 04:00 AM GMT. So if you are looking to short, that would be the ideal place in price and time to do it, yielding a beautiful risk/reward. Something like a $0.35 risk for a $1.00 target.

I'll be closely monitoring this as well, but have been focusing on shorting the dollar, therefore not to keen to short silver.

Hope it is of some significance
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  • #7,767
  • Edited 4:56am Oct 16, 2012 4:35am | Edited 4:56am
Quoting bumapatria
Hi Longshot,
I definitely have seen better 'chart health' but I have a nested square here extended from the swing marked with the grey circle. A price/time hotspot is located at 33.37, tommorow at 04:00 AM GMT. So if you are looking to short, that would be the ideal place in price and time to do it, yielding a beautiful risk/reward. Something like a $0.35 risk for a $1.00 target.

I'll be closely monitoring this as well, but have been focusing on shorting the dollar, therefore not to keen to short silver.

Hope it is of some significance
check out TLC's GBP USD.
http://www.forexfactory.com/showthre...40#post6097440

this might be when.. if my confluence is lost i reconsider.
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i go short 6140..
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also 4h chart so it has to be quick.
  • #7,768
  • Oct 16, 2012 5:06am Oct 16, 2012 5:06am
Quoting longshot_nl
cleaner charts, up versus down.
both with my red TL.

up:
Attachment

down:
Attachment
i don't like missing trades this way.
i should make myself a list.
step 1: check fib relations to other waves.
step 2: etc.

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  • #7,769
  • Oct 16, 2012 7:30am Oct 16, 2012 7:30am
GBPUSD long update. position closed +63 pips.
http://www.forexfactory.com/attachme...0&d=1350304204
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  • #7,770
  • Oct 16, 2012 8:34am Oct 16, 2012 8:34am
interesting: any indicators of the square?
Bottomless wonders spring from simple rules, which are repeated without end
  • #7,771
  • Oct 16, 2012 3:55pm Oct 16, 2012 3:55pm
snippet of newsletter Sent to subscribers on the 25th of September, Target 1 on EURGBP hit (200 SMA).
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Not the cinderella story i expected where EURUSD would actually outperform the EURGBP.. I mean if you can nail a good rally on EURGBP for 100 pips, and that is because of pure euro strength, EURUSD usually is up 3x or 4x of it ... but it is what it is, and EURUSD from the 25th of September LOWER than the move in EURGBP in terms of % - embarassing... EURGBP Value= +1.6% since september 25, EURUSD up 0.09%+
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  • #7,772
  • Oct 17, 2012 4:35am Oct 17, 2012 4:35am
Anybody likes USDZAR?
Not many of the traders subscribed to Ouranos trades exotics so might as well share it
Attached File(s)
File Type: pdf USDZARSwing.pdf   431 KB | 473 downloads
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  • #7,773
  • Oct 17, 2012 11:28am Oct 17, 2012 11:28am
my brother submitting contact forms on my website
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  • #7,774
  • Oct 18, 2012 3:18am Oct 18, 2012 3:18am
Intraday Live Call : NZDUSD
Suggested Trade Points: Buy @ current prices (0.8210-19) with a 20-25 (tight stop) and a 40 pip target for profit.

NZDUSD currently in a pullback for continued upward momentum. The pair has broken a Gann Fan angle and should proceed to the following one north @ 0.8260. The target price is also a square of nine price projection target erected from the lows of 0.8110. GBP/NZD chart is just a side-by analysis of NZD Strength. (I'm only positioned in on NZDUSD). It also shows hand for room to flow to the downside suggesting overall NZD strength. Retailers are seen to position strongly on "BUY USD Positions (selling the EUR/USD, GBP/USD, NZD/USD, AUD/USD)" - this is a potentially strong advocate of more risk-on to play in the market today. Chinese GDP came out as forecasted but priced in as a positive with stronger retail sales reported. Asian markets are thus far strongly to the upside, and today's planetary energy contains little to no damaging potential for continous price rises.
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  • #7,775
  • Oct 19, 2012 12:39am Oct 19, 2012 12:39am
Intraday Live Call
(NZDUSD Update -30
Suggested Buy Trade EURUSD @ current market price 1.3073. = -25 stop +50 TP.
Attached Image (click to enlarge)
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Price currently retracing to a price/time hotspot which suggests a turn upwards in a low drawdown fashion should the trade be 'correct'. Overall trend is attuned to the upside, therefore this is a trend-rider... Definite EUR strength even on the late night
Have I got something on my face, SOLDIER?
  • #7,776
  • Oct 19, 2012 12:41am Oct 19, 2012 12:41am
Here were the NZD updates.
Interestingly GBPNZD did go down as expected but that was primarily to that GBP downspike. NZD was whipsawing about and the flag was a fakeout. Happens.
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  • #7,777
  • Oct 19, 2012 12:44am Oct 19, 2012 12:44am
Stupid stock. IBM....
So initially it would I have to say been a trade where i would willingly risk larger than my usual risk profile because of its potential. The square overall is VERY reactive in terms of its time points and its following a mirror image to the tee!

Unfortunately dropped ahead of my time for the top, so i scrapped it. Ever seen sexy loking setups to see them "slip"? hahha

the timepoint might still be active but it wont have the same quality. Man an i was all over myself finding a CFD broker and stocks and options just for this damn trade. oh well back to FX XD hehe
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  • #7,778
  • Oct 19, 2012 2:03am Oct 19, 2012 2:03am
Quoting bumapatria
Intraday Live Call
(NZDUSD Update -30
Suggested Buy Trade EURUSD @ current market price 1.3073. = -25 stop +50 TP.Attachment

Price currently retracing to a price/time hotspot which suggests a turn upwards in a low drawdown fashion should the trade be 'correct'. Overall trend is attuned to the upside, therefore this is a trend-rider... Definite EUR strength even on the late night
Closed -20. confluence lost. Might have been a pre frankie fakeout but the pattern itself doesn't look as solid as it was.


Trade calls this week:
GBPUSD Long = +63
NZDUSD = -25
EURUSD = -20
USDZAR = -150.

Totals: = -132

Assuming you take equal risk on all trades (e.g. 3%)
3% - 3% - 3% - 3% = -6%.
Have I got something on my face, SOLDIER?
  • #7,779
  • Oct 19, 2012 2:28am Oct 19, 2012 2:28am
Never seen a price/time squaring for a long time since August. (Since the USDCHF FOMC trade). GBP/CHF this time and on a daily chart. its a 50% of price/50% of time squaring. Worth sharing + if you're trading next week the 23rd is popping up across a lot of pairs and stocks so keep your eyes peeled for a turn at the date. (Dump that USDX forecast i sent, whatever comes on the 23rd might just kill it.) It went nicely for the euro this week, but who knows. Trends aren't being made so cleanly, and october isn't the best months (to me at least!) So keep watch and trade well!
Attached File(s)
File Type: pdf GBPCHFOctober22Swing.pdf   343 KB | 430 downloads
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  • #7,780
  • Oct 19, 2012 2:48am Oct 19, 2012 2:48am
beautiful beautiful square. After pretty much browsing over all the list of pairs my broker has, GBPCAD seems pretty swingy and topsy turvy on the daily chart and that is my kind of instrument. Volatile + swingy.

Take a look. The lines were there before price ever reached the points. And it never fails to amaze how it plays out.
Perfect Squaring GBPCAD on the daily and then extend the square out. Ill be watching it on the 29th of October on the next timeline, for a turning point. Should price rise, looking for confluence to short, if it falls to the time point, looking for confluence for a long trade. Simple, now we just wait it out and see how it approaches and then pull the trigger if things fall to plan.
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