Gordon Gekko's real-time Forex trading calls | Page 26 | Forex Factory

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Gordon Gekko's real-time Forex trading calls

  • #501
  • Apr 8, 2015 9:12am Apr 8, 2015 9:12am
Quoting EarnPipsNow
Long AUD/JPY at 91.90, 38 pip stop.
+50 pips, moving stop to break-even.
Each losing trade is an opportunity to learn
  • #502
  • Apr 8, 2015 9:39am Apr 8, 2015 9:39am
Quoting EarnPipsNow
Long AUD/USD at 0.7648, 42 pip stop.
Out at 0.7698, +50 pips.
Each losing trade is an opportunity to learn
  • #503
  • Apr 8, 2015 9:42am Apr 8, 2015 9:42am
Quoting EarnPipsNow
Long AUD/JPY at 91.90, 38 pip stop.
Out at 92.30, + 40 pips.
Each losing trade is an opportunity to learn
  • #504
  • Apr 8, 2015 10:05am Apr 8, 2015 10:05am
Short GBP/NZD at 1.9720, 43 pip stop.
Each losing trade is an opportunity to learn
  • #505
  • Apr 8, 2015 10:10am Apr 8, 2015 10:10am
Quoting EarnPipsNow
Short GBP/NZD at 1.9720, 43 pip stop.
I meant long GBP/NZD at 1.9720, closing position (at a 24 pip loss) and reversing.
Each losing trade is an opportunity to learn
  • #506
  • Apr 8, 2015 10:21am Apr 8, 2015 10:21am
Quoting EarnPipsNow
{quote} I meant long GBP/NZD at 1.9720, closing position (at a 24 pip loss) and reversing.
Out of this mess, for an additional 9 pip loss (total 31 pip loss).
Each losing trade is an opportunity to learn
  • #507
  • Edited 11:22am Apr 8, 2015 10:42am | Edited 11:22am
Hi EarnNow how's it going ?

Are you still short GBP/AUD ?
If Not- then isn't the present configuration/level/indicator/shooting-star/indicator-X (leave Your favorite ignore the rest) says to RE-short again?
- There IS a very visible sh.-star in GBP/AUD, plus it is in many ways trying to break lower.
Your opinion on shorting this pair now ? 15:42 gmt
UPD: lower ...

Will appreciate a well weighted answer - before the pair leaves this S/R either way.
My goal here is Educational, if you don't mind. Because For (the undecided) me there seems to be a balance of sorts between the arguments for short and for long. And the pair is on kind of S/R.

What do you SEE in your experience?

upd: the educational instant has passed (seems...) since the pair did pierce the support 18:58 gmt. This of course is Not written in electrons, yet methodologically , entering the short posit. was considerably more Prudent after that.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD piercing Support DblTop 08.4.2015.jpg Size: 94 KB
Siddhartha G
  • #508
  • Apr 8, 2015 11:06am Apr 8, 2015 11:06am
Quoting Isingh
Are you still short GBP/AUD ? If Not- then isn't it a current configuration/level/indicator/shooting-star/indicator-X (leave Your favorite ignore the rest) says to RE-short again? - There IS a very visible sh.-star in GBP/AUD, plus it is in many ways trying to break lower. Your opinion on shorting this pair now ? 15:42 gmt UPD: lower ...
Hi Isingh

No, this pending order [Short GBP/AUD at 1.9450 (limit order), 52 pip stop] has been cancelled the same day, like all unfilled pending orders.

The GBP/AUD just loves to come a few pips near my limit orders and then move in the right direction without me.

On the 15 min chart the GBP/AUD just completed a very bearish engulfing (reversal) pattern, see chart below.

I am currently waiting for another opportunity to short this rude pair.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud15.jpg Size: 128 KB
Each losing trade is an opportunity to learn
  • #509
  • Apr 8, 2015 11:25am Apr 8, 2015 11:25am
Short GBP/AUD at 1.9370 (limit order), 41 pip stop.
Each losing trade is an opportunity to learn
  • #510
  • Edited 11:46am Apr 8, 2015 11:31am | Edited 11:46am
Quoting EarnPipsNow
{quote}... I am currently waiting for another opportunity to short this rude pair. {image}
Ohh... - here you are !
That is exactly my question:
Suppose you have to take decision NOW - do you see enough triggers / signs / indications for short. With all humbleness consider also my DTop scribbles above.

UPD: Shoot - you beat me with the post above (while I was writing this) TIMING is everything for a REAL PRO isn't it ?!

Then PLEASE share some of your light - what moved YOU (not ME) to Short ?

For me:
see the picture above
1) It would be the "Dual M -s" marked with Red 1 and Purple 2 freehands.
2) The Obvious Shooting star - which appears in your broker's feed as a prominent Bearish Engulfing.
3) The BREAKING of THE SUPPORT - AT THE NECK OF the latest M (double top)

Have to leave for a couple of hours. See you later.
Siddhartha G
  • #511
  • Edited 12:08pm Apr 8, 2015 11:58am | Edited 12:08pm
Quoting Isingh
what moved YOU to short ?
My system

Quoting Isingh
For me: see the picture above 1) It would be the "Dual M -s" marked with Red 1 and Purple 2 freehands. 2) The Obvious Shooting star - which appears in your broker's feed as a prominent Bearish Engulfing. 3) The BREAKING of THE SUPPORT - AT THE NECK OF the latest M (double top) Have to leave for a couple of hours. See you later.
These are all seemingly valid bearish patterns/indicators, assuming you backtested them and they are profitable.
Each losing trade is an opportunity to learn
  • #512
  • Apr 8, 2015 12:19pm Apr 8, 2015 12:19pm
Short EUR/JPY at 129.70, 42 pip stop.
Each losing trade is an opportunity to learn
  • #513
  • Apr 8, 2015 12:32pm Apr 8, 2015 12:32pm
FOMC Meeting in less than 30 minutes...
Each losing trade is an opportunity to learn
  • #514
  • Apr 8, 2015 1:08pm Apr 8, 2015 1:08pm
Quoting EarnPipsNow
FOMC Meeting in less than 30 minutes...

Why so much weight - they WILL NOT ANNOUNCE NOTHIN ! 100%

I see: Market Makers Opportunity to shake out stop-losses and start the market "animal spirits" at the same price
Siddhartha G
  • #515
  • Apr 8, 2015 1:08pm Apr 8, 2015 1:08pm
Quoting EarnPipsNow
Short GBP/AUD at 1.9370 (limit order), 41 pip stop.
Trade is now live.
Each losing trade is an opportunity to learn
  • #516
  • Apr 8, 2015 1:09pm Apr 8, 2015 1:09pm
Quoting Isingh
{quote}
You are ok Isingh ?
Each losing trade is an opportunity to learn
  • #517
  • Edited 3:32pm Apr 8, 2015 1:15pm | Edited 3:32pm
ENJOYING MYSELF RATHER !! BEST SEATS IN THE FRONT ROW
Read HERE MY THREAD MAJOR POST:
NEVER BUY HUGE-er RISK THAN YOU SHOULD. Period
Quoting Isingh
1 Why to Take-Profit in trading ? At which size of Profit ? In other words - what are the Reasons and the Measures - as YOU see them, for Exit in a PROFITABLE POSITION; i.e. limiting the profit growth EVEN WHEN IT IS STILL INCREASING ?
2 Why to Stop-Loss in trading? At which size of Loss ? In other words - what are the reasons and Measures - as YOU see them, for EXIT in a LOSING POSITION; while there STILL EXISTS A POSSIBILITY OF REDUCTION IN LOSS ? Surprisingly the most basic
Reason both for Taking Profit and Stopping Loss is the Same: This Reason is ... the same
It is PRESERVING CAPITAL !!! or its other name LIMITING THE RISK.
Siddhartha G
  • #518
  • Apr 8, 2015 1:20pm Apr 8, 2015 1:20pm
Quoting EarnPipsNow
Short GBP/AUD at 1.9370 (limit order), 41 pip stop.
+50 pips, moving stop to break-even.
Each losing trade is an opportunity to learn
  • #519
  • Apr 8, 2015 1:35pm Apr 8, 2015 1:35pm
Quoting EarnPipsNow
Short EUR/JPY at 129.70, 42 pip stop.
Reducing stop to 21 pips. Position is slightly profitable (12 pips).
Each losing trade is an opportunity to learn
  • #520
  • Apr 8, 2015 1:58pm Apr 8, 2015 1:58pm
Quoting Isingh
Read HERE MY THREAD MAJOR POST: NEVER BUY HUGE-er RISK THAN YOU SHOULD. Period
While it is true that preservation of capital and money management are very important, in and of itself limiting risk will never give the trader any edge.

Just like setting a risk reward ratio to 3 to 1 (risk 1 unit to make 3) on each trade will never give the trader any edge whatsoever.

The only thing that will give the trade an edge is his (fully tested) trading system, otherwise he is just making random calls with no particular built-in edge.
Each losing trade is an opportunity to learn
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