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Alpari demo account, is it in real real time? 26 replies

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

  • #41
  • Mar 6, 2015 5:31am Mar 6, 2015 5:31am
Thanks Chris, it spared me time to actually investigate this one claims.

Moving on...
  • #42
  • Mar 6, 2015 6:29am Mar 6, 2015 6:29am
Quoting Art5
Thanks Chris, it spared me time to actually investigate this one claims. Moving on...
Ghost Rider - WWTBMD?
  • #43
  • Edited 12:12pm Mar 6, 2015 11:24am | Edited 12:12pm
Quoting albchr
If you even took that trade this was the resultbefore I went to sleep last night...
First of all there is no need to be rude.

Secondly, and more importantly, you obviously did not understand my post at all . Reread it carefully, I clearly said and I quote:
"if the GBP/AUD price touches 1.9570 (the initial selling price) this position will be closed."

Later on, the GBP/AUD came almost 10 pips near that break-even price but reversed its direction again and hit the initial 57-pip stop. For your information, a stop can be moved up or down even if the position is unprofitable (but still open). There is also a difference between a stop loss and a stop order. In this case, an additional stop order (at break-even) was used and issued. The initial stop-loss remains in place the whole time, of course. In other words, 2 stops were put in place, one for protection and one for break-even purposes. In this particular case and unfortunately, the additional break-even stop order was never triggered, as everyone can clearly see.
Each losing trade is an opportunity to learn
  • #44
  • Edited 1:22pm Mar 6, 2015 1:08pm | Edited 1:22pm
Quoting Art5
Thanks Chris, it spared me time to actually investigate this one claims. Moving on...
And the idea that Chris (if that's his name) could be dead wrong or simply mistaken never entered your mind?

You truly believe that someone could post real-time, time-stamped Forex trades with specific stops but somehow manage to "hide" any particular losing trade from hundreds (if not thousands) of Forex Factory traders, naively convinced that no one would notice a thing?

You must surely be kidding, right?

Anyway.
Each losing trade is an opportunity to learn
  • #45
  • Mar 6, 2015 1:22pm Mar 6, 2015 1:22pm
Quoting EarnPipsNow
{quote} First of all there is no need to be rude. Secondly, and more importantly, you obviously did not understand my post at all . Reread it carefully, I clearly said and I quote: "if the GBP/AUD price touches 1.9570 (the initial selling price) this position will be closed." Later on, the GBP/AUD came almost 10 pips near that break-even price but reversed its direction again and hit the initial 57-pip stop. For your information, a stop can be moved up or down even if the position is unprofitable (but still open). There is also a difference between...
Chart? Order proof? Show something, anything to prove me wrong. I can take being wrong. Until then it's all talk. Like so many thousands before you here. Certainly you can understand folks wishing to simply see at least something of value from your "live trading calls" there Mr. Gekko ... no?

Ghost Rider - WWTBMD?
  • #46
  • Mar 6, 2015 1:23pm Mar 6, 2015 1:23pm
Quoting EarnPipsNow
{quote} And the idea that Chris (if that's his name) could be dead wrong or simply mistaken never entered your mind? You truly believe that someone could post real-time, time-stamped Forex trades with specific stops but somehow manage to "hide" any particular losing trade from hundreds (if not thousands) of Forex Factory traders, naively convinced that no one would notice a thing? You must surely be kidding, right? Anyway.
.. You really should look around here a bit.

Anyway
Ghost Rider - WWTBMD?
  • #47
  • Edited 4:34pm Mar 6, 2015 1:43pm | Edited 4:34pm
Quoting albchr
{quote} Chart? Order proof? Show something, anything to prove me wrong.
Proof?

What proof??

I opened a position, the stop was set at 57 pips, the market moved against me and threatened my stop so I simply put an additional stop order in place (which was designed to close the position at break-even). This second stop was never triggered (in other words the market did not give me a chance to break-even) so I lost 57 pips, like I said before, end of story and case closed. I really don't know why you are having a hard time understanding this extremely simple situation.
Each losing trade is an opportunity to learn
  • #48
  • Mar 6, 2015 2:32pm Mar 6, 2015 2:32pm
Quoting EarnPipsNow
Selling GBP/USD at 1.5220, 32 pip stop.
Holding this short GBP/USD position for just 3 more pips would have allowed me to pocket almost 200 pips in less than 24 hours, plus and additional 200 pips on the second short position (total 400 pips).

Oh well.
Each losing trade is an opportunity to learn
  • #49
  • Mar 6, 2015 6:58pm Mar 6, 2015 6:58pm
If I'm wrong, then I'm. Not meant to be rude or anything. Don't have to prove me anything. End of it.

GL out there
  • #50
  • Mar 6, 2015 7:39pm Mar 6, 2015 7:39pm
Ok, so here are the trade results since the beginning of this Journal.

Long EUR/GBP at 0.7338, 21 pip stop: break-even.

Short GBP/CAD at 1.9475, 52 pip stop: break-even (like I said I closed half of my position after winning 50 pips and then I moved the stop to break-even but let's keep it simple and consider this trade as a simple break-even trade, no loss no profit). After closing the trade at break-even the position then moved at least 200 pips in my favor, without me.

Long AUD/NZD at 1.0460, 26 pip stop: loss.
Long GBP/JPY at 184.60, 48 pip stop: loss.
Long GBP/CAD at 1.9300 (limit order), 47 pip stop: loss.
Long USD/CAD at 1.2488, 33 pip stop: loss.
Short GBP/USD at 1.5220, 32 pip stop: loss.
Shorting GBP/USD again at 1.5236, same stop: loss (here the loss is 16 pips, the stop is located at the same level in each case).
And finally
Long GBP/AUD at 1.9570 (limit order), 57 pip stop: loss

Total Profit/Loss so far: -259 pips.

Except for the second and last trade, most of these positions moved 30 to 50 pips in my favor and then reversed direction.

Needless to say, it will only take one or two good trades to erase these small but annoying little losses and return to the positive side again.
See you next week then.
Each losing trade is an opportunity to learn
  • #51
  • Mar 6, 2015 11:12pm Mar 6, 2015 11:12pm
Quoting Art5
If I'm wrong, then I'm. Not meant to be rude or anything.
No harm done Art5 (and Chris), it was just a simple misunderstanding.

Quoting Art5
Good Luck out there
Thanks.
Each losing trade is an opportunity to learn
  • #52
  • Mar 9, 2015 12:04pm Mar 9, 2015 12:04pm
Looking to buy GBP/CHF at 1.4889 (limit order), 29 pip stop.
Each losing trade is an opportunity to learn
  • #53
  • Mar 9, 2015 1:02pm Mar 9, 2015 1:02pm
Quoting EarnPipsNow
Looking to buy GBP/CHF at 1.4889 (limit order), 29 pip stop.
Long GBP/CHF position is now live.
Each losing trade is an opportunity to learn
  • #54
  • Edited 2:24pm Mar 9, 2015 2:11pm | Edited 2:24pm
For those of you who day-trade (or like to keep their positions open for 48 hours at most) here is something to consider.

If a currency pair does not move at least 60 pips from midnight to 8 AM (New York time), in my opinion it is not worth considering for a trade, this pair is probably not going to move significantly the rest of the day. I mean if a pair is going to move 150 pips, 200 pips or more during the next 24 to 48 hours, it usually starts by making at least a 60 pip move from midnight to the New York open.

On the other hand, if I see that the range during that 8-hour period is only 30 pips for example, then I know this particular pair is going nowhere and will probably only waste my time for nothing.

There is only one exception to that (personal) trading rule : if that pair seems to be trapped in a neat rectangle then I might override this rule and position myself for a possible breakout, even if the range is small at the beginning.
Each losing trade is an opportunity to learn
  • #55
  • Mar 9, 2015 3:47pm Mar 9, 2015 3:47pm
Bought GBP/USD at 1.5130, 37 pip stop.
Each losing trade is an opportunity to learn
  • #56
  • Mar 9, 2015 8:44pm Mar 9, 2015 8:44pm
Quoting EarnPipsNow
Long GBP/CHF position is now live.
Although marginally profitable, this long GBP/CHF position (and the Swiss Franc in general) is currently going nowhere, as traders are anxiously waiting for the CHF unemployment report, due in 5 hours (2:45 AM New York time).

So let's wait and see...
Each losing trade is an opportunity to learn
  • #57
  • Mar 9, 2015 9:08pm Mar 9, 2015 9:08pm
Quoting EarnPipsNow
Bought GBP/USD at 1.5130, 37 pip stop.
U are picking the top bro, why did you buy at that point
One Punch, One Kill
  • #58
  • Edited 9:59pm Mar 9, 2015 9:21pm | Edited 9:59pm
Quoting KeroroQ
{quote} U are picking the top bro, why did you buy at that point
Hi KeroroQ:

The top of what exactly? And in what time frame? And according to what rule ?

A "top" in timeframe A could be a support area in time frame B or C, and vice versa. Which is which is of course ALWAYS obvious... after the fact.

Like they say, anybody can predict the past.
Each losing trade is an opportunity to learn
  • #59
  • Edited 11:17pm Mar 9, 2015 10:23pm | Edited 11:17pm
Here is something that I noticed time and time again: if the price of a currency spends a very long time going nowhere after I initiate a position, while still never threatening to hit my stop, it usually goes in the expected direction most of the time.

On the other hand, losing trades usually hit the stop in a relatively short period of time (15 to 30 bars at most, if not sooner).

Analyze all your losing trades and you will probably notice the same phenomena.
Each losing trade is an opportunity to learn
  • #60
  • Mar 9, 2015 10:35pm Mar 9, 2015 10:35pm
Quoting EarnPipsNow
Long GBP/CHF position is now live.
+50 pips, moving stop to break-even.
Each losing trade is an opportunity to learn
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