Sorry, I don't follow you here. Are you in rescue mode? Or are you in profit with your long positions? Bak

14 Year Old Forex Trader's Lessons

Majority of my trades are pending orders and it has saved me many a times. Just thought I'd share it with you but like I said to each their own. Good luck with your longs, hope it turns support for you. Regards Bak

14 Year Old Forex Trader's Lessons

Buma, what makes you think that the resistance has been broken? The price is still hovering at the support/resistance level and we still don't know which one will hold or break. You jumped into a long position on the assumption that resistance has ...

14 Year Old Forex Trader's Lessons

Ok, good to know. Do you get your home tutors to trade with you too? Lol,

14 Year Old Forex Trader's Lessons

By the way Buma, when do you ever go to school? You seem to be here all the time during your school hours. Playing truant?Lol.

14 Year Old Forex Trader's Lessons

Buma, that is being predictive. Best to wait for your levels and see how price behaves. Just go with the flow. Regards Bak

14 Year Old Forex Trader's Lessons

Lol, only know a few words.

14 Year Old Forex Trader's Lessons

Goodnight Buma, rest well. Selamat malam!

14 Year Old Forex Trader's Lessons

Buma, do you use a market order to enter? Or a pending order? Just curious.

14 Year Old Forex Trader's Lessons

Is she the Billiy Elliot wave counter? LOL.

14 Year Old Forex Trader's Lessons

Billy, My long that was just taken out for +21 but I gave away more than 20 pips with the tsl. Do I regret it? No, because I already got my initial goal and anything extra would have been a bonus. I do intervene manually with the tsl if I feel a ...

14 Year Old Forex Trader's Lessons

Thanks for your reply Billy. I understand your concerns about giving up a big gain usng the TSL but I find it useful for my strategy. I do use the tsl majority of the time and it works well for me, for my goals.

14 Year Old Forex Trader's Lessons

Thanks for your feedback Buma. I have to disagree with you here because I use a trailing stoploss very frequently with my daytrading and I am only aiming for around 20 pips for each trade. It serves to reduce my risk as soon as the trade goes in my ...

14 Year Old Forex Trader's Lessons

Billy, Do you use a trailing stoploss when you are away from your pc ? Just curious. Bak

14 Year Old Forex Trader's Lessons

I hope you managed to rescue your "troops". From your chart, I can see the flow is going up and you are rescuing against it. You certainly need iron balls for that! Remember it is not necessary to rescue all failed trades. Sometimes it's easier to ...

14 Year Old Forex Trader's Lessons

Mla, 100% agree with you. I think the trouble with some of us is that we look for perfection with our setups and this is where it leads one to failure. We have to learn to embrace our losses as they are a cost of doing business. Regards Bak

14 Year Old Forex Trader's Lessons

Mla, I think one can borrow ideas but then the hard work with screentime, forward testing is needed to refine and make it "your own". I entirely agree with you that there is no easy way out. Personally I feel the biggest hurdles are our "scorpions" ...

14 Year Old Forex Trader's Lessons

Good morning guys/gals/world!

14 Year Old Forex Trader's Lessons

Mla, That was a saying in Buma's language. Ask Buma to explain to you what it means . Regards Bak

14 Year Old Forex Trader's Lessons

Hi Billy, See chart . Got my +21. regards Bak

14 Year Old Forex Trader's Lessons