Spoken like a graduate of the school of hard knocks

14 Year Old Forex Trader's Lessons

Good trading today mla. Sleep well

14 Year Old Forex Trader's Lessons

You might want to stand aside for this one buma. The US markets can tailspin alot longer than you can fund your account. Manage your loss, wait for a bounce off support and take your loss. OOps. Look at the H4 chart. If that bull candle gets ...

14 Year Old Forex Trader's Lessons

Once again price was aggressively rejected at the 1.3550 level. This is the third time since Friday morning so it doesn't look like we are going to get to the 1.3690 area to load up on an additional short position this NY morning. Perhaps if panic ...

14 Year Old Forex Trader's Lessons

Once again price was aggressively rejected at the 1.3550 level. This is the third time since Friday morning so it doesn't look like we are going to get to the 1.3690 area to load up on an additional short position this NY morning. Perhaps if panic ...

EurAnalysis

I see we are still dealing with a very rich supply at the 1.3550 zone The panic sellers in NY are in. When they are done panicking, this sucker may rise again. But for now stand aside.

14 Year Old Forex Trader's Lessons

Ha Ha Ha. In my world of position trading, I run 200 to 300 pip floating loss sometimes. I only get concerned when I see 400 pips and that's when I consider taking another position in the same direction. That way when price starts going my way, I ...

14 Year Old Forex Trader's Lessons

Hi Forex Hulk Thank you for your comments. Please take some time to read the first two posts on this thread to give you an idea of what I am trying to accomplish. We are in fact very bearish on the Euro. However, we are waiting for a retrace to the ...

EurAnalysis

Don't worry you're doing well. Today is a semi risk-on day. You'll hit your target. Just be careful when NY opens in 30 minutes. Just in case there is a panic sell-off. The Americans don't really understand the euro problems so they panic easily.

14 Year Old Forex Trader's Lessons

If all of you are scalping the M1 and M5 TFs, my posts won't be much good to you for entries and exits as all I am doing is following the H1 and H4 charts but using the M5 for sup/res (sup/Dem) regions in order to gauge the steps to where I want to ...

14 Year Old Forex Trader's Lessons

Okay so it looks like we have finally made it to our target of 1.3495. Now we are targeting our next resistance (supply) level at 1.3585 It failed to make it that far several times on Friday. Will it make it this time. If it does, we will next ...

14 Year Old Forex Trader's Lessons

Okay so it looks like we have finally made it to our target of 1.3495. Now we are targeting our next resistance (supply) level at 1.3585 It failed to make it that far several times on Friday. Will it make it this time. If it does, we will next ...

EurAnalysis

We'll have to wait for New York open now. Maybe something will happen then but only because it is better than nothing because there is really nothing driving the market right now other than more bad news from Europe which is already priced in.

14 Year Old Forex Trader's Lessons

Very true... and I'm still trying to get my head around that. Old habits die hard. LOL

14 Year Old Forex Trader's Lessons

Thanks. So far still hanging on

14 Year Old Forex Trader's Lessons

ECB's Mersch Rejects Talk Of Imminent Rate Cut - Report That's why the EZ will never get it together. They cannot agree on anything. Earlier today ECB's Nowotny says ECB interest rate cuts cannot be excluded

14 Year Old Forex Trader's Lessons

ECB's Mersch Rejects Talk Of Imminent Rate Cut - Report That's why the EZ will never get it together. They cannot agree on anything. Earlier today ECB's Nowotny says ECB interest rate cuts cannot be excluded

EurAnalysis

If I suddenly go offline it's because I've lost electricity and Internet as we are currently experiencing a monsoon type rainstorm. In the last 10 minutes we had got at least 2 inches of rain and its still coming down hard.

14 Year Old Forex Trader's Lessons

If I suddenly go offline it's because I've lost electricity and Internet as we are currently experiencing a monsoon type rainstorm. In the last 10 minutes we had got at least 2 inches of rain and its still coming down hard.

EurAnalysis