Gordon Gekko's real-time Forex trading calls | Forex Factory

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My last journal (I'm for real this time) With live calls. 6 replies

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Gordon Gekko's real-time Forex trading calls

  • #1
  • First Post: Feb 23, 2015 5:53pm Feb 23, 2015 5:53pm
As promised in this thread (http://www.forexfactory.com/showthre...09#post8053209), I am going to post live daily calls with specific entry/exit points for a while, just to show that it is possible to earn money consistently in the Forex market. This thread will also (hopefully) answer the original question : "Are there any successful traders in Forex Factory?".

After all, anyone can claim that he/she is a successful trader, in this forum or elsewhere, but unfortunately very few traders ever provide any proof to back up their claims.

However, and for obvious reasons, I cannot disclose the logic of my trading system. It is a 60% automatic and 40% discretionary type of system, more or less.

If you want to place the same trades be my guest, but please do so at your own risk and make sure you read the following:

"Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts."

You are of course free to add any comment/suggestion/question you like but kindly refrain from posting off-topic messages.

Happy trading and welcome to this trading Journal
Each losing trade is an opportunity to learn
  • #2
  • Feb 23, 2015 9:44pm Feb 23, 2015 9:44pm
Subscribed, looking forward to more
One Punch, One Kill
  • #3
  • Feb 23, 2015 10:30pm Feb 23, 2015 10:30pm
the most successfull traders are those that listen and learn. the ones at the back of the class with their eyes closed. but not sleeping. im listening. im interested
  • #4
  • Feb 24, 2015 6:58am Feb 24, 2015 6:58am
Good morning everyone.
I just bought EUR/GBP at 0.7338, 21 pip stop.
Unless otherwise noted, all open trades will be closed tomorrow (2/25/2015) at 11 PM (New York time).
Each losing trade is an opportunity to learn
  • #5
  • Feb 24, 2015 7:46am Feb 24, 2015 7:46am
Now shorting GBP/CAD at 1.9475, 52 pip stop.
Each losing trade is an opportunity to learn
  • #6
  • Feb 24, 2015 8:15am Feb 24, 2015 8:15am
There seems to be some (hopefully temporary) support at the 1.9450 level, as far the GBP/CAD is concerned.
Or the market is simply waiting for the Consumer Confidence report. Let's see...
Each losing trade is an opportunity to learn
  • #7
  • Feb 24, 2015 9:05am Feb 24, 2015 9:05am
Quoting EarnPipsNow
Good morning everyone. I just bought EUR/GBP at 0.7338, 21 pip stop. Unless otherwise noted, all open trades will be closed tomorrow (2/25/2015) at 11 PM (New York time).
Closing trade at break-even.
Each losing trade is an opportunity to learn
  • #8
  • Feb 24, 2015 9:29am Feb 24, 2015 9:29am
Quoting EarnPipsNow
Now shorting GBP/CAD at 1.9475, 52 pip stop.
50 pip profit, stop has been moved to break-even.
Each losing trade is an opportunity to learn
  • #9
  • Edited 11:32am Feb 24, 2015 11:21am | Edited 11:32am
Quoting EarnPipsNow
50 pip profit, stop has been moved to break-even.
Break even stop has just been hit.
Outcome for this trade : +50 pips on half the position.

I was too busy watching these trades (and posting at the same time) that I forgot to mention something important: each time the price moves 50 pips in my favor, I liquidate half the position and the stop is automatically moved to break-even, as mentioned above.

Never let a winning position turn into a losing one, that's my motto.

Well, that's it for today, see you tomorrow for more trades. KeroroQ and Spartanic, thanks for your comments and welcome aboard.
Each losing trade is an opportunity to learn
  • #10
  • Feb 24, 2015 5:34pm Feb 24, 2015 5:34pm
Quoting EarnPipsNow
After all, anyone can claim that he/she is a successful trader, in this forum or elsewhere, but unfortunately very few traders ever provide any proof to back up their claims.
You are one of those people...seemingly full of your own self worth, talking about others who cannot show proof, and yet...

With the use of the time stamp on your posting, given a relatively close enough to call pricing, unless you are trading without spread this claim:
Quoting EarnPipsNow
{quote} Closing trade at break-even.
Is 100% false...price wasn't there...and even if you had waited the 20 mins, giver take...you'd still need to have nutted an exit to come up with a break-even.

You know what that smells like?

Yep, bullshit!!

But, then there is this fine little nugget of a trade:
Quoting EarnPipsNow
{quote} Break even stop has just been hit. Outcome for this trade : +50 pips on half the position.
At no place previously mentioned, in this thread anyways...did you claim to have closed half a position, only that you set a break even stop...now, that in itself is a good play, but why lie about capturing 50 on 50?

Or, do you believe that anybody and everybody will just bite on to this on faith?

Quoting EarnPipsNow
I just bought EUR/GBP at 0.7338, 21 pip stop. Unless otherwise noted, all open trades will be closed tomorrow (2/25/2015) at 11 PM (New York time).
You have no confidence as your only 2 trades today seemingly net 0 to a small loss...and instead of sticking with your plan of closing tomorrow at 11 PM NY, you have an empty basket...

Claims...

Unproven...

I can feel where this is going...

Soon to be promoted to a commercial member...sadly, like a lot of the others there...without a profit and everybody knowing you are just straight up full of shit.

Now...

I could be wrong...it has happened before...

So...let's see a screen shot of these trades and their net closes...you did state that you could show proof, didn'tcha?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #11
  • Feb 24, 2015 7:40pm Feb 24, 2015 7:40pm
Quoting Magix
You are one of those people...seemingly full of your own self worth, talking about others who cannot show proof
Quite frankly I do not understand your reaction. I merely said that most self-proclaimed "successful" traders do not usually provide any concrete proof about their alleged ability to consistently extract money from the market.

Quoting Magix
Is 100% false...price wasn't there...
Excuse me??

Have you even looked at the EUR/GBP price between 10 AM and 10:15 AM???

It fluctuated between 0.7345 and 0.7326 and my buying price was 0.7338. In fact that stupid pair spent the whole day revisiting my break-even point many times without ever touching my initial stop, that's why I liquidated that going-nowhere position quickly.

And yet you maintain I could not have closed my position at break-even during all that time? Interesting.


Quoting Magix
At no place previously mentioned, in this thread anyways...did you claim to have closed half a position, only that you set a break even stop...now, that in itself is a good play, but why lie about capturing 50 on 50?
??

I clearly said that I forgot to mention that I always close 50% of my position after a 50 pip favorable excursion, there is absolutely no lying involved. Try to watch 28 currency pairs and post live trading calls in a forum at the same time without making any mistake or forgetting something and we will talk some more.

Quoting Magix
Or, do you believe that anybody and everybody will just bite on to this on faith? {quote} You have no confidence as your only 2 trades today seemingly net 0 to a small loss...and instead of sticking with your plan of closing tomorrow at 11 PM NY, you have an empty basket... Claims... Unproven... I can feel where this is going... Soon to be promoted to a commercial member...sadly, like a lot of the others there...without a profit and everybody knowing you are just straight up full of shit. Now... I could be wrong...it has happened before... So...let's...
No comments, I have no time for frivolous personal attacks. I am warning you Magix, one more comment of this kind and I will ask the moderators to prevent you from posting additional comments on this thread, I have absolutely zero tolerance for that kind of inappropriate and rude behavior.
Each losing trade is an opportunity to learn
  • #12
  • Feb 24, 2015 8:09pm Feb 24, 2015 8:09pm
Quoting EarnPipsNow
{quote} Quite frankly I do not understand your reaction. I merely said that most self-proclaimed "successful" traders do not usually provide any concrete proof about their alleged ability to consistently extract money from the market. {quote} Excuse me?? Have you even looked at the EUR/GBP price between 10 AM and 10:15 AM??? It fluctuated between 0.7345 and 0.7326 and my buying price was 0.7338. In fact that stupid pair spent the whole day revisiting my break-even point many times without ever touching my initial stop, that's why I liquidated that...

TL;DR...

There is one good way to put me in my place here, Champ...

Show a screen shot with profit on your 50% on 50 pips.

Show a screen shot of your square trade on EURGBP.

But I think we both know, you can't.

Because...

I think we all know, you are full of shit!



So, feel free to clip my wings in your shitty little journal...I'm only the first to call you out, won't be the last.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13
  • Edited 10:16pm Feb 24, 2015 9:53pm | Edited 10:16pm
Quoting EarnPipsNow
{quote} 50 pip profit, stop has been moved to break-even.
A friend of mine from another forum asked me why I decided to move the stop to break-even after that initial 50 pip move in my favor.

After all, I could have made almost 200 pips on that GBP/CAD trade alone today, as we speak , and possibly more (see picture below).

The answer is simple : After intensive studies I noticed that most of my winning trades do NOT move 50 pips in the expected direction, revisit my entry point later on and THEN proceed to move in my favor again. In fact day-traders or even swing traders could probably easily verify that simple fact with their trading results.

In other words, winning day-trades do not usually behave that way, they keep moving in the expected direction and never look back.

But more importantly, by quickly liquidating the position that way, I eliminate 100% of potential losing trades! So yes I exited this fantastic trade prematurely, but for me preservation of capital and money management are more important than anything else.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad02-24-2015.jpg Size: 348 KB
Each losing trade is an opportunity to learn
  • #14
  • Feb 24, 2015 9:55pm Feb 24, 2015 9:55pm
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #15
  • Feb 25, 2015 2:07am Feb 25, 2015 2:07am
Hi EarnPipsNow,
Congratulations on sharing your thoughts and sellections....You are indeed a brave Man !!!!!
Preservation of ones capital is paramount...I have blown several accounts over the years so I speak from the Hip Pocket.
Regardless of the success or failure of your selections their will be people who will be critical of your views and this is why I have never posted a screen shot or system.
I wish you great success.
Ronald
Ronnie Renko
  • #16
  • Feb 25, 2015 2:24am Feb 25, 2015 2:24am
Quoting EarnPipsNow
{quote} A friend of mine from another forum asked me why I decided to move the stop to break-even after that initial 50 pip move in my favor. After all, I could have made almost 200 pips on that GBP/CAD trade alone today, as we speak , and possibly more (see picture below). The answer is simple : After intensive studies I noticed that most of my winning trades do NOT move 50 pips in the expected direction, revisit my entry point later on and THEN proceed to move in my favor again. In fact day-traders or even swing traders could probably easily verify...

that is not a screenshot of the trade LOL
  • #17
  • Feb 25, 2015 11:49am Feb 25, 2015 11:49am
Quoting EarnPipsNow
{quote} A friend of mine from another forum asked me why I decided to move the stop to break-even after that initial 50 pip move in my favor. After all, I could have made almost 200 pips on that GBP/CAD trade alone today, as we speak , and possibly more (see picture below). The answer is simple : After intensive studies I noticed that most of my winning trades do NOT move 50 pips in the expected direction, revisit my entry point later on and THEN proceed to move in my favor again. In fact day-traders or even swing traders could probably easily verify...
Its just a screenshort of the chart. As i remember, Netdania has visual Entry, stop & target lines.
MY SITTING, NEVER MY THINKING!
  • #18
  • Feb 25, 2015 12:32pm Feb 25, 2015 12:32pm
Good afternoon:

Here is my first trade for today: Long AUD/NZD at 1.0460, 26 pip stop.
Each losing trade is an opportunity to learn
  • #19
  • Feb 25, 2015 12:56pm Feb 25, 2015 12:56pm
Although I do not trade that way, chart pattern traders will probably recognize the typical breakout following the down trend channel (see chart below) on the AUD/NZD (5 min).
Attached Image (click to enlarge)
Click to Enlarge Name: aud-nzd-02-25-2015-5min.jpg Size: 384 KB
Each losing trade is an opportunity to learn
  • #20
  • Feb 25, 2015 1:22pm Feb 25, 2015 1:22pm
Long GBP/JPY at 184.60, 48 pip stop.
Each losing trade is an opportunity to learn
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