Gordon Gekko's real-time Forex trading calls | Page 24 | Forex Factory

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Gordon Gekko's real-time Forex trading calls

  • #461
  • Apr 2, 2015 5:44am Apr 2, 2015 5:44am
In the previous posts we considered the process of Price DISrespecting a Shooting Star formation. That is, when price moves HIGHER then the top of the Shooting Star "Antenna", and by this - the shooting star indication of decline (of price) is ignored and basically OVERTURNED.

Quoting Isingh
EarnNow Doesn't it look to You that GBP/AUD is in a Breakout Mood now ... It Seems to Be doing exactly what you have called a strong omen of a Breakout = when a Hammer or a Shooting Star is DIS-Respected by the Price. {image}
Quoting EarnPipsNow
{quote} The price will usually test a shooting star (see chart below). Sometimes it will go half way (half the size of the candle that is) and then resume its downtrend. In rare occasions it could even exceed the high of the shooting star (to trap a few breakout hunters) and then drop like a stone. So let's wait and see how it goes {image}
Let us consider GBPAUD as EarnNow has suggested.
As Always the Difficulty is to Recognize such dis-respect as early as possible AND correctly of course.
Now we can compare the conditions at the first "disrespect" suggestion above (Picture)
and the Present situation - a day later. Either an insidious and treacherous trap has been set for the Bulls
or in fact a breakout has occurred.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 1-4-2015 DisRespected Shooting Star z.jpg Size: 82 KB
Siddhartha G
  • #462
  • Apr 2, 2015 6:36am Apr 2, 2015 6:36am
Quoting EarnPipsNow
{quote} Still trying to catch that bottom on the Aussie, eh?
I am looking at gold hence I expected AU to go up I am long again after getting stopped out. US unemployment goes up will mean gold high AU will be flying IMO. AU long 7550 sl 25
  • #463
  • Apr 2, 2015 7:55am Apr 2, 2015 7:55am
Quoting EarnPipsNow
Short GBP/JPY at 177.35, 52 pip stop.
Position has been closed at break-even after a 50 pip move in the expected direction (59 pips actually).
Each losing trade is an opportunity to learn
  • #464
  • Apr 2, 2015 8:47am Apr 2, 2015 8:47am
Bought GBP/JPY at 177.50, 52 pip stop.
Each losing trade is an opportunity to learn
  • #465
  • Apr 2, 2015 8:59am Apr 2, 2015 8:59am
Quoting EarnPipsNow
Bought GBP/JPY at 177.50, 52 pip stop.
Closing position at 177.53 (3 pip profit), system is sending short signals at the same time.
Each losing trade is an opportunity to learn
  • #466
  • Apr 2, 2015 9:04am Apr 2, 2015 9:04am
Short GBP/USD at 1.4820, 39 pip stop.
Each losing trade is an opportunity to learn
  • #467
  • Apr 2, 2015 9:56am Apr 2, 2015 9:56am
Quoting EarnPipsNow
Short GBP/USD at 1.4820, 39 pip stop.
Trade is going nowhere, closing position at break-even.
Each losing trade is an opportunity to learn
  • #468
  • Apr 2, 2015 10:04am Apr 2, 2015 10:04am
Short GBP/CAD at 1.8671 (limit order), 53 pip stop.
Each losing trade is an opportunity to learn
  • #469
  • Apr 2, 2015 10:11am Apr 2, 2015 10:11am
Quoting Isingh
Either an insidious and treacherous trap has been set for the Bulls or in fact a breakout has occurred.
Even if the price breaks through a shooting star and stays above it for a while, it still does not necessarily mean that a new uptrend has just emerged.
Each losing trade is an opportunity to learn
  • #470
  • Apr 2, 2015 10:23am Apr 2, 2015 10:23am
Quoting EarnPipsNow
Short GBP/CAD at 1.8671 (limit order), 53 pip stop.
Trade is now live.
Each losing trade is an opportunity to learn
  • #471
  • Apr 2, 2015 10:33am Apr 2, 2015 10:33am
au closed gold pulling back
  • #472
  • Apr 2, 2015 12:03pm Apr 2, 2015 12:03pm
long gu 1.4845 sl 25 to 100
  • #473
  • Apr 2, 2015 1:16pm Apr 2, 2015 1:16pm
Quoting EarnPipsNow
Short GBP/CAD at 1.8671 (limit order), 53 pip stop.
Seems like GBP/CAD is now ready to do some business. It's about time.
Each losing trade is an opportunity to learn
  • #474
  • Edited 2:15pm Apr 2, 2015 1:52pm | Edited 2:15pm
Quoting goldfinger
long gu 1.4845 sl 25 to 100
Don't bother too much with GBP/USD, this beast is not in the mood today, it's just going from one extreme to the other.
Each losing trade is an opportunity to learn
  • #475
  • Apr 2, 2015 11:29pm Apr 2, 2015 11:29pm
Quoting EarnPipsNow
Short GBP/CAD at 1.8671 (limit order), 53 pip stop.
+50 pips, moving stop to break-even.
Each losing trade is an opportunity to learn
  • #476
  • Apr 3, 2015 12:07am Apr 3, 2015 12:07am
Quoting EarnPipsNow
{quote} +50 pips, moving stop to break-even.
Unless otherwise noted, this short GBP/CAD position will be closed at 3 PM April 3, 2015 (NY time).
Each losing trade is an opportunity to learn
  • #477
  • Apr 6, 2015 5:32pm Apr 6, 2015 5:32pm
Quoting EarnPipsNow
{quote} Unless otherwise noted, this short GBP/CAD position will be closed at 3 PM April 3, 2015 (NY time).
Position has been closed at 3 PM last Friday, +59 pips. Sorry for the delay I had the flu.
Each losing trade is an opportunity to learn
  • #478
  • Apr 6, 2015 6:00pm Apr 6, 2015 6:00pm
Trading results for week ending April 3, 2015.

Short EUR/CAD at 1.37, 54 pip stop: -54 pips.
Short EUR/CAD at 1.3675 (stop order), 42 pip stop: -42 pips
Buying CHF/JPY at 124.20, 45 pip stop. Setting stop to 20 pips. -20 pips
Re-entry at same price. Out at 124.15 : -5 pips,
Shorting chf/jpy at 124.10, 38 pip stop: Out at break-even
Short GBP/CAD at 1.8830, 46 pip stop: Out at 1.8805 (25 pip profit)
Short GBP/AUD at 1.9442, 42 pip stop: break-even.
Short GBP/JPY at 177.35, 52 pip stop: break-even.
Bought GBP/JPY at 177.50, 52 pip stop: + 3 pips
Short GBP/USD at 1.4820, 39 pip stop: break-even
Short GBP/CAD at 1.8671 (limit order), 53 pip stop: + 59 pips

Total for this week: -34 pips
Total since beginning : -165 pips.
Each losing trade is an opportunity to learn
  • #479
  • Apr 6, 2015 9:34pm Apr 6, 2015 9:34pm
long au 7611 sl 16 tp70
  • #480
  • Apr 6, 2015 11:17pm Apr 6, 2015 11:17pm
closed for 10 pips loss. forgot AU big news today
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