Gordon Gekko's real-time Forex trading calls | Page 30 | Forex Factory

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Gordon Gekko's real-time Forex trading calls

  • #581
  • Apr 11, 2015 4:04pm Apr 11, 2015 4:04pm
Well, if you have reasons to believe that your FX broker is playing games with you, why do you keep using his services then, Isingh?
Each losing trade is an opportunity to learn
  • #582
  • Edited 4:24pm Apr 11, 2015 4:12pm | Edited 4:24pm
Quoting EarnPipsNow
{quote} I really don't believe it is possible
With all due respect it cannot be that I am the first person who precisely and matter-of-factly describes "stop hunting", can I. Even here - in FF there are actually several retired Institutional traders (e.g. in the EURUSD thread and in some others) who directly, reasonably and matter-of-factly confirm
A) Stop hunting IS indeed a common practice for some brokers and MMs
B) Some of the main reasons for that practice, are NOT what is rather paranoidaly described by the day-traders as malevolent "feeding" on the small fish.

The real motives are I) improving the profitability of serious institutional sale or buy FOR THE CUSTOMER- by moving the price (JUST PRIOR to the deal itself) to more favorable starting point, which of course is located at the opposite direction II) Improving the profitability of serious institutional sale or buy FOR THE FUND which has also FX as part of its portfolio - BY THE SLOWING DOWN the price move, reducing the rate of price change during serious buy/sell, and increasing its profitability. III) Et cetera - stabilization of the market etc., etc.,... III) You are aware, I assume, that real institutional "deal realization" is not ONE action but a process which has duration. Nowadays, by and large, the majority of such processes are reassigned to specially developed software progs that are intended to maximize profitability, to keep the market from excessively abrupt shocks - there are Institutional counter-parties that are bound by mutual agreements to prevent those. So such programs act rationally, and include among other features usage of stray stops if cheaply reachable.
Siddhartha G
  • #583
  • Apr 11, 2015 4:21pm Apr 11, 2015 4:21pm
Quoting Isingh
{quote} With all due respect it cannot be that I am the first person who precisely and matter-of-factly describes "stop hunting", can I. Even here - in FF there are actually several retired Institutional traders (e.g. in the EURUSD thread and in some others) who directly, reasonably and matter-of-factly confirm A) Stop hunting IS indeed a common practice for some brokers and MMs B) Some of the main reasons for that are NOT what is rather paranoidaly described by the day-traders as malevolent "feeding" on the small fish. The real motives are I) improving...
Stop hunting is real of course, it's just that I don't believe it happens each and every time we initiate a new position.
Each losing trade is an opportunity to learn
  • #584
  • Edited 4:58pm Apr 11, 2015 4:26pm | Edited 4:58pm
Quoting EarnPipsNow
{quote} Stop hunting is real of course, it's just that I don't believe it happens each and every time we initiate a new position.
EarnNow, Could you please comment, enlighten and add your remarks on the aspects that I have raised in the last post.

Also - it would be only reasonable and FAIR to see some contributions of educational knowledge from other experienced and knowledgeable, and so far QUIET, readers here...
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Siddhartha G
  • #585
  • Apr 11, 2015 4:49pm Apr 11, 2015 4:49pm
Quoting Isingh
{quote} Could you please comment, enlighten and add your remarks on the aspects of that I have raised in the last post.
Some other time perhaps, this obscure but interesting subject is beyond the limited scope of this thread, I suggest you open a new thread entirely dedicated to that matter.
Each losing trade is an opportunity to learn
  • #586
  • Edited Apr 12, 2015 3:11am Apr 11, 2015 4:54pm | Edited Apr 12, 2015 3:11am
Quoting EarnPipsNow
{quote} Some other time perhaps, this obscure but interesting subject is beyond the limited scope of this thread, I suggest you open a new thread entirely dedicated to that matter.
I think that (despite your impression) my goals here are practical. From practical point of view I am satisfied with simply evading most of St, Hn. by sufficient size of SL, and accepting the minority of them - by small enough position size(s), and generally being well aware of such possibility in my trading.
That is all I need, and that I have already.

One parting warning on that to those interested: in off hours, in exotic pairs, and generally in shallow market conditions (like, for instance, the last hour or two each Friday or before holidays) the Hunt of Stop Losses is much cheaper to effect, because when the market is shallow smaller deal flow moves it - for the willing bigger players, means they are easier to perform for them, so they happen more often.

Good Night and Congratulations on the beginning of 1000 Lee +++ road ( + first total) !
Siddhartha G
  • #587
  • Apr 11, 2015 5:11pm Apr 11, 2015 5:11pm
Quoting Isingh
Good Night
Take care Isingh.
Personally I am going to buy a cup of coffee at the Starbucks and study those charts quietly, now that the market is closed.
Each losing trade is an opportunity to learn
  • #588
  • Apr 12, 2015 3:07am Apr 12, 2015 3:07am
Quoting EarnPipsNow
{quote} Take care Isingh. Personally I am going to buy a cup of coffee at the Starbucks and study those charts quietly, now that the market is closed.
Would MUCH appreciate if you give some intro to your Weight-Assigning to the multitude of multifaceted S/R levels. How are the More Important distinguished from vs. Less Important ? How in Goodness Sake is it clear to some ??
Siddhartha G
  • #589
  • Apr 12, 2015 11:24am Apr 12, 2015 11:24am
Quoting Isingh
{quote} Would MUCH appreciate if you give some intro to your Weight-Assigning to the multitude of multifaceted S/R levels. How are the More Important distinguished from vs. Less Important ? How in Goodness Sake is it clear to some ??
In general, support and resistance levels on higher time frames are more powerful than the ones on the shorter time frames. A daily support line is more meaningful than a 1 min support line.

If you are using say the 15 min charts to trade, start looking for support/resistance on the hourly charts first.
If you are using the 1h charts, look for support/resistance on the 4h charts first, and so forth.

In other words, always look at the big picture first.

Here is another idea: if a support/resistance line is the same (or almost the same) on multiple time frames (15 min, 1h, 4h) then that level is even more powerful. It would take a lot of power to break through it.
Each losing trade is an opportunity to learn
  • #590
  • Apr 12, 2015 4:06pm Apr 12, 2015 4:06pm
Quoting EarnPipsNow
{quote} In general, support and resistance levels on higher time frames are more powerful than the ones on the shorter time frames. A daily support line is more meaningful than a 1 min support line. If you are using say the 15 min charts to trade, start looking for support/resistance on the hourly charts first. If you are using the 1h charts, look for support/resistance on the 4h charts first, and so forth. In other words, always look at the big picture first. Here is another idea: if a support/resistance line is the same (or almost the same) on...
Thank You !

Clarity.
Siddhartha G
  • #591
  • Apr 12, 2015 5:39pm Apr 12, 2015 5:39pm
Quoting Isingh
{quote} Thank You ! Clarity.
You are welcome.

Bought EUR/NZD at 1.4080, 49 pip stop.
Each losing trade is an opportunity to learn
  • #592
  • Apr 12, 2015 9:04pm Apr 12, 2015 9:04pm
Quoting EarnPipsNow
Bought EUR/NZD at 1.4080, 49 pip stop.
+25 pips, moving stop to breakeven.
Each losing trade is an opportunity to learn
  • #593
  • Apr 12, 2015 9:19pm Apr 12, 2015 9:19pm
No sure what's moving the Kiwi but who cares, as long as I am making money
Each losing trade is an opportunity to learn
  • #594
  • Apr 12, 2015 9:37pm Apr 12, 2015 9:37pm
Quoting EarnPipsNow
Bought EUR/NZD at 1.4080, 49 pip stop.
Out at 1.4150, 70 pip profit. Possible re-entry later.
Each losing trade is an opportunity to learn
  • #595
  • Apr 12, 2015 10:16pm Apr 12, 2015 10:16pm
Bought EUR/NZD at 1.4150, 38 pip stop, play it again Sam...
Each losing trade is an opportunity to learn
  • #596
  • Apr 12, 2015 10:51pm Apr 12, 2015 10:51pm
Quoting EarnPipsNow
Bought EUR/NZD at 1.4150, 38 pip stop, play it again Sam...
Out at 1.4175, +25 pips (total +95 pips).
Thank you Auckland.
And now, off to bed.
Each losing trade is an opportunity to learn
  • #597
  • Apr 12, 2015 11:14pm Apr 12, 2015 11:14pm
Quoting EarnPipsNow
No sure what's moving the Kiwi but who cares, as long as I am making money
chinese trade balance
  • #598
  • Apr 13, 2015 8:05am Apr 13, 2015 8:05am
Bought GBP/AUD at 1.9290, 49 pip stop.
Each losing trade is an opportunity to learn
  • #599
  • Apr 13, 2015 8:19am Apr 13, 2015 8:19am
Quoting wyley187
{quote} chinese trade balance
Yes it is more likely the Chinese trade balance report, but it could be anything else really. An unexpected financial or political event in New-Zealand happening at the same time for example. One train may hide another train like they say.
Each losing trade is an opportunity to learn
  • #600
  • Apr 13, 2015 8:21am Apr 13, 2015 8:21am
Short NZD/USD at 0.7445, 32 pip stop.
Each losing trade is an opportunity to learn
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