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Gordon Gekko's real-time Forex trading calls

  • #401
  • Mar 31, 2015 7:04am Mar 31, 2015 7:04am
GBP/JPY SHORT ....

Falling ...

Watching the Fall of GBP/JPY ...

Quoting Isingh
GBPJPY SELL 177.44
CLOSED ALL GBPJPY SHORTS
Buy at 177.13 (++)
Siddhartha G
  • #402
  • Edited 8:19am Mar 31, 2015 7:51am | Edited 8:19am
Hey You Retail Traders - Listen Up!
You are more Important then you've been told and brain-washed every day for years.

INFLUENCE OF 1 (ONE!) RETAIL TRADER

Remember all this Brain-washing propaganda talk ?
Remember what you've been told Every Day All-Day Long ... for years on end
-That Retail Traders don't matter. That Retail trader is friggging Invisible and completely Un-Important for market ?
-That retail Trader Does Not Move prices ... .... Blah Blah Blah... - All Day Every Day
Well here is a very small Retail Trader Telling you - It is whole bunch of DAMN LIES and Propaganda

Many times (though not always) Each and Every one of Us Retail Traders VISIBLY MOVES PRICE.
Each of You have Seen it Many times.

Here is my Example - from NOW.
Very Very small Position size mind You.
Screenshots Hot from the Platform!
On two Time Frames - 5min and 30m here is YOUR and MINE INFLUENCE.
(small blob is erased unnecessary thing)
Attached Image (click to enlarge)
Click to Enlarge Name: 31-3-2015 GBPJPY Closed Short - Price UP 1.jpg Size: 39 KB
Attached Image
Siddhartha G
  • #403
  • Edited 9:48am Mar 31, 2015 7:54am | Edited 9:48am
BY the Way

GBP/JPY KEEPS FALLING FAST

And Here is my SHORT (again)

SELL GBPJPY 177. 32

SELL GBPJPY 177.19
Another SHORT GBPJPY

SELL GBPJPY 177.17
GBPJPY FALLING.
Triple Short

Triple Loss Close all Shorts 177.61 (---)
Siddhartha G
  • #404
  • Edited 9:48am Mar 31, 2015 8:12am | Edited 9:48am
Short sell audusd 0.7601
Close AUDUSD 0.7611 (-)
Siddhartha G
  • #405
  • Edited 12:07pm Mar 31, 2015 10:50am | Edited 12:07pm
Quoting Isingh
{quote} Sorry to correct - yet either a re-test of that Support 0.76100 has taken place (was 0.7600 minutes ago) OR a Break of that support. UPD: 0.759 now But it looks (to imho) that a reversal may be 'cooking'. On one hand I always see 'reversals' even where there're none, on the other hand EarnNoe observations are sharpshooting right - more often than not. UPD: AUD Reversal has begun - BY Up-n-Down pitching and Rolling - as it often happens.
Here is one way to determine if a support line is valid. Let's say I believe the red horizontal line (see below) is a possible support area.

Now, to confirm my hypothesis I need to see at least 2 candles completely above that support line. To get even more confirmation I also like to see a candle closing above the blue line. The same logic applies to resistance lines of course. If I don't see this particular configuration then I have absolutely no reason to believe that support or resistance line is valid. This does not mean that the trend is about to reverse now, however.

This simple technique will allow the trader to eliminate most false support/resistance lines or at least avoid an immediate and violent breakout at these areas.
Attached Image (click to enlarge)
Click to Enlarge Name: rebound.jpg Size: 17 KB
Each losing trade is an opportunity to learn
  • #406
  • Mar 31, 2015 12:10pm Mar 31, 2015 12:10pm
Short GBP/CAD at 1.8830, 46 pip stop.
Each losing trade is an opportunity to learn
  • #407
  • Mar 31, 2015 12:22pm Mar 31, 2015 12:22pm
On the 1h chart the GBP/CAD has just completed a very powerful bearish engulfing reversal pattern, see chart below. This bearish signal is just too strong to ignore.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.jpg Size: 105 KB
Each losing trade is an opportunity to learn
  • #408
  • Edited 2:41pm Mar 31, 2015 2:11pm | Edited 2:41pm
Hello EarnNow

Just want to say Hello.
Earning my Experience. The Hard way

Never Abandon Low Risk moderate Leveraging! Never.

You were right about AUDUSD potential support forming. It is still meandering in a sideways fashion though.
Siddhartha G
  • #409
  • Mar 31, 2015 2:20pm Mar 31, 2015 2:20pm
Quoting Isingh
Earning my Experience. The Hard way
That's the best way to learn, Isingh. I tried learning the easy way but it did not work.

Jokes aside trading is THE most difficult and challenging "job" on earth. It takes years or even decades to learn how to play that game.

There are no geniuses in trading. No overnight instant success. Trading requires hard work, study, persistence, patience and discipline.
Each losing trade is an opportunity to learn
  • #410
  • Mar 31, 2015 2:30pm Mar 31, 2015 2:30pm
Seems that a certain resistance level of GBPJPY holds for now.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 31-3-2015 1.jpg Size: 72 KB
Siddhartha G
  • #411
  • Mar 31, 2015 2:34pm Mar 31, 2015 2:34pm
Quoting EarnPipsNow
{quote} That's the best way to learn, Isingh. I tried learning the easy way but it did not work. Jokes aside trading is THE most difficult and challenging "job" on earth. It takes years or even decades to learn how to play that game. There are no geniuses in trading. No overnight instant success. Trading requires hard work, study, persistence, patience and discipline.

Thanks for wise experienced thoughts EarnNow.
Siddhartha G
  • #412
  • Mar 31, 2015 3:11pm Mar 31, 2015 3:11pm
Quoting Isingh
Seems that a certain resistance level of GBPJPY holds for now. {image}
True.

The GBP/JPY is also surfing inside a neat channel on the 30 min chart (see below). The breakout is usually on the downside but it could go either way of course...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpyen.jpg Size: 139 KB
Each losing trade is an opportunity to learn
  • #413
  • Mar 31, 2015 3:34pm Mar 31, 2015 3:34pm
Quoting Isingh
{quote} Thanks for wise experienced thoughts EarnNow.
No need to thank me Isingh, after all we are just here to exchange trading ideas/setups.
Each losing trade is an opportunity to learn
  • #414
  • Mar 31, 2015 3:55pm Mar 31, 2015 3:55pm
They say when you find a good trading setup, always find another one that contradicts it completely!

In the GBP/JPY case, we have a channel with a potential breakout to the downside (bearish implications), see chart above.

BUT, at the same time we also have a breakout of a major down trendline (bullish implications), see chart below.

However, those large pullbacks (red circles) show weakness. Also notice how this "uptrend" is having a hard time making higher high and higher low without experiencing an almost immediate price rejection.
Attached Image (click to enlarge)
Click to Enlarge Name: jy1h.jpg Size: 122 KB
Each losing trade is an opportunity to learn
  • #415
  • Mar 31, 2015 4:03pm Mar 31, 2015 4:03pm
Quoting EarnPipsNow
Short GBP/CAD at 1.8830, 46 pip stop.
Moving stop to break-even.
Each losing trade is an opportunity to learn
  • #416
  • Mar 31, 2015 10:45pm Mar 31, 2015 10:45pm
long eu 1.0770 and au 7627 sl 20 tp 60 for both
  • #417
  • Mar 31, 2015 11:14pm Mar 31, 2015 11:14pm
Quoting goldfinger
long eu 1.0770 and au 7627 sl 20 tp 60 for both
Just out of curiosity, what time frame are you using for your trading decisions (5min, 15min, 30min, 1h, 4h, daily, etc...)?
Each losing trade is an opportunity to learn
  • #418
  • Mar 31, 2015 11:51pm Mar 31, 2015 11:51pm
Quoting EarnPipsNow
Short GBP/CAD at 1.8830, 46 pip stop.
Out at 1.8805 (25 pip profit). Waiting for another possible short re-entry.
Each losing trade is an opportunity to learn
  • #419
  • Apr 1, 2015 4:40am Apr 1, 2015 4:40am
Quoting EarnPipsNow
They say when you find a good trading setup, always find another one that contradicts it completely! In the GBP/JPY case, we have a channel with a potential breakout to the downside (bearish implications), see chart above. BUT, at the same time we also have a breakout of a major down trendline (bullish implications), see chart below. However, those large pullbacks (red circles) show weakness. Also notice how this "uptrend" is having a hard time making higher high and higher low without experiencing an almost immediate price rejection. {image}
PRUDENCE IS THE KEY and HEEDING TO WISE ADVICE

EarnNow, Thanks - this is for ANOTHER HELPFUL and succinct emphasis. The UP-Channel in GBPJPY was visible to me before - but when seein Your OBSERVATIONS - which are laconic and very to the Point I've decided to heed to the simplicity of a master analysis.
And thus stopping my own "greedy" hesitance - I have Closed one more group of Channel Shorts exactly here (the channel is already on my charts):
This PRUDENCE served me well. Have Almost recuperated from yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: EXIT of SHORT GBPJPY 1-4-2015.jpg Size: 158 KB
Siddhartha G
  • #420
  • Apr 1, 2015 5:35am Apr 1, 2015 5:35am
As to the direction of GBPJPY in the the coming weeks, and possibly months.
Your once again HawkEye pointing of SPECIFIC technical signs for that here
Quoting EarnPipsNow
... In the GBP/JPY case, we have a channel with a potential breakout to the downside i.e. bearish implications, see chart above. ..those large pullbacks (red circles) show weakness. Also notice how this "uptrend" is having a hard time making higher high and higher low without experiencing an almost immediate price rejection. {image}
my opinion that it is going down was expressed in this post
Quoting Isingh
... GBP/JPY is WAY overbought (examine the daily TF - if you will). So - it GOES DOWN EASILY - since that is where it is headed anyway in the coming month. Also it has almost "no obligation" (less correlated) to the dollar weakness or strength - so it travels more freely.
Some early argument (preliminary though) was found in my early chart One from 20-March

and recently in Chart Two (compare the development vs. the early chart)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Maximal News-Driven price.gif Size: 77 KB
Click to Enlarge Name: GBPJPY 31-3-2015 1.jpg Size: 72 KB
Siddhartha G
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