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14 Year Old Forex Trader's Lessons

  • #8,041
  • Edited 10:05pm May 23, 2013 9:30pm | Edited 10:05pm
Quoting bumapatria
Didn't post for a while. Less FF, as usual the better... Here's a blog post (more like a fat word bomb [1,941 words to be precise!] ) on how T/A is not the causation of price moves; and how pure-chartist trading is at a weak-spot if you're just looking at the variables of a price chart (technical analysis). This is in no way saying FA is better than TA; its more of a tip to incorporate FA/Sentiment into your TA to supplement your potential trading profits to a higher level. This is aimed at anyone who feels that chart-trading alone yields little...
Finally a hidden gem in a landfill-like site polluted with muppet garbage! Was reading through Nubcake's posts for hours on end(both for intellectual value & lol's) when I finally stumbled upon this thread. Very insightful blog you linked. Amazing how much you can better yourself when you look for quality information that teaches you to think for yourself, rather than trying to be spoon-fed by the sheeplike shit-muppets.

How old are you now buma? I'm guessing 16ish. Nice to know I'm not the only young one here. I admire your ambition which so many people lack today.

edit: Wow just realized you're the one making that blog. I am truly inspired. In this doomed generation of braindead idiots, it's very refreshing to find a bright-minded individual.
?_?
  • #8,042
  • May 24, 2013 2:21am May 24, 2013 2:21am
Quoting Cyal8rloser
{quote} Finally a hidden gem in a landfill-like site polluted with muppet garbage! Was reading through Nubcake's posts for hours on end(both for intellectual value & lol's) when I finally stumbled upon this thread. Very insightful blog you linked. Amazing how much you can better yourself when you look for quality information that teaches you to think for yourself, rather than trying to be spoon-fed by the sheeplike shit-muppets. How old are you now buma? I'm guessing 16ish. Nice to know I'm not the only young one here. I admire your ambition which...

Thanks for replying, kills the whole "im only posting here" theme!
( btw I was trying to actually pronounce your username... and then it's like oh ... ok )

FF... is insane. for the most 99.8% part; the content today is well.... arguing..... ego-tripping.... the usual EUR/USD havoc and continuous "i made a system in 5 minutes" and i'll make a thread about it! Therefore I keep socializing with a few great seniors I know, and it's really better that way. What better than hanging out with full-time traders whenever I want to? (i deem them to be really at the highest portion/top of the hierarchy of retail trader ability)

I value their opinions on the markets, and I only have about 3 traders to talk to regularly; is that not better to have analysis opinions from 3 traders you deem worthy, rather than go over to EUR/USD thread and get idk.... 20+ opinions of less value? + what's the benefit?

Yeah 16 now. Glad to know i'm not the only young one here as well !

Time flies by.... next year im a legal adult in Indonesia.


I think I'm just trying to help where I can, to hopefully help in lessening the length needed for "the learning curve". + of course out-beat the average retail trader mindset of market approach.

Would you like to another example to see the irrationality of average retail-trader market approach I am trying to highlight?


Look no further. Take a look at the traders long the AUD on FF and that's around 72% via OANDA's open positions.
Attached Image

Most are underwater. Look at the average price of longs. insane isn't it?

There's no such thing as "overbought or oversold". If fundamental/perceived value of a security is there to make it continue rising/dropping; you're going to die picking tops and bottoms. Stock bears have felt the heat over the large rally. (and now they're cheering over a few downdays ); even if you were using TA, looking @ a chart, the Antipodean currencies were taking a beating, and you disregard the whole "trade with the PREVAILING trend" concept. I mean you could've literally woke up for 10+ trading days, even if you're a pure chartist to short all wedges/up-trendline breakouts, shorted prior to support.... and had free-money.

Now, The worst part about counter-trending with no real rationale - gets you burnt and you get bummed on how the heck you missed out on the trend.
That's another thing I'll be discussing in the next blog post - most pure chartist/pure T/A traders actually look too far back, rather than trade what's happening now.


Hope all is well by the way
Have I got something on my face, SOLDIER?
  • #8,043
  • Jun 4, 2013 6:33pm Jun 4, 2013 6:33pm
A great finance/economics documentary (more than great) on the '08 crisis. probably the best one covering it among the others I've watched. Inside Job with Matt Damon.

Shows how dirty and corrupt the ones at the top are.
Inserted Video
Have I got something on my face, SOLDIER?
  • #8,044
  • Jun 4, 2013 9:55pm Jun 4, 2013 9:55pm
Quoting bumapatria
A great finance/economics documentary (more than great) on the '08 crisis. probably the best one covering it among the others I've watched. Inside Job with Matt Damon. Shows how dirty and corrupt the ones at the top are. http://www.youtube.com/watch?v=OI6Ay8Zo-OU
Great documentary that I saw a long ago. If you like that type of documentary, also watch :

Inserted Video



Thats also a great documentary
  • #8,045
  • Jun 5, 2013 3:42pm Jun 5, 2013 3:42pm
Quoting Capelli
{quote} Great documentary that I saw a long ago. If you like that type of documentary, also watch : http://www.youtube.com/watch?v=dWbl9TbAZHg Thats also a great documentary

I watched that not too long ago as well.


I have a respect for PTJ, especially for his Robin Hood Foundation. The trading part yeah is cool but.. To have a lot of money, and be able to want to give it away; takes heart. Some would rather keep the $ and loathe themselves in all of the riches for selfish gains.
http://www.robinhood.org/
(goes out to Bill Gates and Buffett as well; and I'm going to look at the positive side that this is all genuine and out of their good hearts).
Have I got something on my face, SOLDIER?
  • #8,046
  • Jun 7, 2013 7:22am Jun 7, 2013 7:22am
I rarely post trade setups now that I have 'stuff on the side' to do and I've got surprise shit coming up for June (wish me luck on that) therefore blog has been off priorities for now. but couldn't resist. I've posted NFP analysis for quite a while... so yeah ... you gotta go with tradition. (Or the NFP gods will curse me if i dont)

NFP thoughts and analysis

GL peeps, wish you all profits. Use stops, make great pips and R/R's.
Have I got something on my face, SOLDIER?
  • #8,047
  • Jun 7, 2013 8:33am Jun 7, 2013 8:33am
CAD went well, NZD could've executed better. But good profitable NFP.
http://www.ouranosmarkettiming.com/2...-and-more.html
Attached Image

Hope everyone got in on them spikes, and wishing you all great weekend ahead.

*Back to the posting hiatus... *
Have I got something on my face, SOLDIER?
  • #8,048
  • Jun 9, 2013 2:44pm Jun 9, 2013 2:44pm
Okay so... just the weekly post as usual, not talking about markets/analysis charts crap. Pretty much a song for you to enjoy, (BTBAM duh), I'm going to be trying Sun-Gazing as of this week; and on trading related material, two things that every trader needs to have read. One is a book, one is a collected forum post by Carl Futia. Everyone talks about 'the secret' is keeping it simple or price action is king or this that, money management blah bleeh blah.... That post there is golden. You wont see it in forums anymore, and you need to see it, if you're serious about making money as a retail trader. The book as well, although, the post is a must.

Best of everything peeps,

Buma
Have I got something on my face, SOLDIER?
  • #8,049
  • Jun 9, 2013 9:26pm Jun 9, 2013 9:26pm
Heyy Bruce!

It's been a while!
Hope all has been well. How's Canada treating you?

I'll check out your thread soon. Probably to only lurk here and there, but I'll definitely pick up gold where I see it
Have I got something on my face, SOLDIER?
  • #8,050
  • Jun 11, 2013 5:43pm Jun 11, 2013 5:43pm
Seriously? spamming on 5+ threads for That? Is that what you call analysis? That's something that's done in 15 seconds; clearly a lack of effort put into it.

I assume you are trying to attract potential clients for your 'brokerage' but I'm sorry to say, you're turning them off. Your horrible syntax and grammar and poor punctuation and even capitalization errors, will turn off anyone looking at your site. Anyone who's a smart retail trader, knows you're at the bottom of the retail brokerage competition.

And, goodbye, I am not at a need for an argument or any further surprise presences from you.

-------------

On topic ... with the blog ... I've got several blog posts ready I'm just feeling a bit under the weather with a runny nose, and a blocked ear (that's a first) and a cough all at once. Grr-eat. They're both (yup 2 posts) @ around 40-50% completion. One of them's about the potential impending US revolution and the other's on the USDJPY, backtracking prior to the recent drops and analyzing it step by step in a hybrid (fundie+tech) approach; which will hopefully help TA traders see the light that just a bit of a grasp on fundamentals can propel you a long way.

Will touch back once I'm done with those posts (where hopefully I'm feeling better).

See yaz.
Have I got something on my face, SOLDIER?
  • #8,051
  • Jun 11, 2013 8:02pm Jun 11, 2013 8:02pm
Seems the post was removed... good. It's cleaner now.

It took me a good 1 hour to craft (It's lenghty ) this post together, backtracking the USDJPY as I traded it real-time yesterday (today still for US traders ). Incorporating the usage of hybrid trading (combining fundies/sentiment/and T/A) to execute trades. I think a post such as this can benefit much more than calling trades out like I used to do.

This is aimed at pure T/A traders who still don't incorporate analysis on the fundamental progressions of the market-place; and just trying to tip in really from my end that it might be that one changing factor in your trading that propels you to becoming a better retail trader. The forum talks of indicators, systems, over and over again; it seems like a cyclical dead end. (well, it seemingly looks like it); therefore I simply am trying to input value where I can without spoonfeeding.


I'm no mentor or teacher, or pro, but I am a capable retail trader who wants to help.

They say teaching is good; give a man a fish; he'll eat for a day; teach a man how to fish; he'll eat for a lifetime. I though would like to provide what I can without "giving the fish" and without "directly teaching/mentoring" how to fish either. I'm merely.... showing you how one way of fishing can be done.

The blog post.

Might be overly simple to some; but if it's an eye opener to even one trader, I've done my work.

Regards peeps,
your buddy retail trader,

Buena (Buma)
Have I got something on my face, SOLDIER?
  • #8,052
  • Jun 12, 2013 11:08am Jun 12, 2013 11:08am
Trade on AUD posted on FB today.
Attached Image

Fast 40+ pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 06.12.2013-22.53.png Size: 13 KB



And I think it's time for another posting break.
Have I got something on my face, SOLDIER?
  • #8,053
  • Jun 13, 2013 7:42am Jun 13, 2013 7:42am
Quoting bumapatria
Trade on AUD posted on FB today. {image} Fast 40+ pips. {image} And I think it's time for another posting break.
keren
cool
sugoi
hen hao
good job
Simplicity Is The Ultimate Sophistication ~LDV~
  • #8,054
  • Jun 25, 2013 10:28pm Jun 25, 2013 10:28pm
Hey everybody,

Hope everyone's fine here and there. I used to record live day trade videos back in April and I thought Hey, why not get back in that sort of momentum? So I'll be doing those now. I also have a strong inner feeling to share certain messages/spread awareness over global issues to you all.

Trading and life in all sincerity can become very selfish and materialistic and I don't know.. it's just the inner morality kicking in. People say talking about religion and politics breaks friends; and it should be avoided. Well, I'm at the point where that isn't the issue. You're turning a blind eye if you're just living your life as if nothing's wrong. Being out of a school society and therefore away from the average teenager life; it opens your mind and perspective on everything.

You realize that you were one blind sheep. You were just worrying over petty "issues and problems".


Plus its just a calling really, that I feel I am to do what I can to help the world; and what better to do that with the blog? Trading to me has always been a side goal to achieve something larger.

You know my sentiments towards this forum today, and I'll be officially off from posting here after this post, marking this as my last.
Respect and infinite thanks to those whom have helped me in my journey via this very forum; I've met people i've grown to be close friends from this forum; but even we have 'left the forum-life'.

You can keep in contact with me through my contact page, (Skype, Email, Facebook, what not...)
I'm on quite the majority of the time on weekdays. Talk trading, life , whatever a fun chat if you want to

Best of luck and blessings to those here,

Take care

Bye bye FF!
Have I got something on my face, SOLDIER?
  • #8,055
  • Nov 9, 2013 4:21am Nov 9, 2013 4:21am
I was amazed that you were in deep profit with a 50% win rate, wondering where you were getting those high R:Rs from to pay for all those losing trades. I then read further and realized that you are a high volatility news trader. This is an interesting approach, since you will probably be able to survive many 'market regime changes', unlike the large trend trading hedgies like FX Concepts that have died in this zirp, low vol. environment.

Have you considered however, that the a deficit to this approach might be limits in terms of liquidity and scalability?
  • #8,056
  • Feb 16, 2014 2:34pm Feb 16, 2014 2:34pm
It's been a long time. I hope you are doing well Buma.
  • #8,057
  • Nov 20, 2014 8:37pm Nov 20, 2014 8:37pm
Quoting changbachang
{quote} who tell me? they're (of course -.-) , but i search about them from any fx broker review and 99% say they're ECN , already think move to Dukascopy or MB Trading cause i too feel they're (PFD) is MM ,BTW i think their spread isnt fixed (dont know, my eye hurts lol) u can look @ their spread info from http://www.forexfactory.com/brokers.php

PFD has a pool of OTC Derivatives Liquidity Providers (LPs) and PFD’s policy is to offer to clients for trading the second best price/quote it receives from its LPs at any given point of time. The spreads quoted by PFD will be influenced by estimated current spot ‘inter-bank’ exchange rates, the size of your transaction, expected levels of interest rates, implied volatilities and other market conditions during the life of the contract and the time zone in which you choose to trade. The spreads we publish on our website http://www.PFD-nz.com/spread-comparison.php for major products is our best possible target spreads used in normal market conditions. In tight market conditions, the spread may be even narrower than the spreads quoted. But in periods of volatile markets, the spread may be increased.

Price/quote
PFD uses the first best price/quote it receives into its liquidity pool from its OTC Derivatives Providers (LPs) to clear or hedge its clients’ trades.

PFD’s trading income generally is the difference between the first best quote it uses for clearing or hedging trades with and the second best quote it offers to clients for trading and PFD's revenue is the spreads difference. PFD is an STP broker, licensed and in business since 1999. Ethical and transparent. The reviews placed by traders with a little knowledge about trading and markets are causing huge losses to reputed brokers.
  • #8,058
  • Sep 29, 2015 4:50am Sep 29, 2015 4:50am
This is the supdem I am using. Some say the one which was shared here is not working. Try this, I hope it helps
Attached File(s)
File Type: ex4 II_SupDem.ex4   35 KB | 820 downloads
Focus only on what truly matters!
  • #8,059
  • May 12, 2016 6:22am May 12, 2016 6:22am
Quoting bumapatria
here is what is building up on silver at the moment. And US data coming out in 20 mins probably setting up for bearish data. i will trade this later but i am at a pause for giving out calls to subscriebrs - given the weekend elections coming so this is just somethign intraday and not really official still a trade setup tho. valid as long as its running on the orange angle holds. {image}
Dear ,What is the rules to drawing this shapes Thank you
  • #8,060
  • Mar 17, 2017 9:50am Mar 17, 2017 9:50am
Quoting Ata-Turkoglu
This is the supdem I am using. Some say the one which was shared here is not working. Try this, I hope it helps {file}
Can you please explain how this indi works. I am keen on learning Sup and Dem. Just brief me on simple terms. Sorry for the trouble.
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