Gordon Gekko's real-time Forex trading calls | Page 37 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Gordon Gekko's real-time Forex trading calls
Exit Attachments

Gordon Gekko's real-time Forex trading calls

  • #721
  • Apr 22, 2015 9:22am Apr 22, 2015 9:22am
Short EUR/USD at 1.0723, 35 pip stop.
Each losing trade is an opportunity to learn
  • #722
  • Apr 22, 2015 9:59am Apr 22, 2015 9:59am
Long GBP/CAD at 1.4821, 45 pip stop.
Each losing trade is an opportunity to learn
  • #723
  • Apr 22, 2015 10:14am Apr 22, 2015 10:14am
Short GBP/AUD at 1.9369, 42 pip stop.

Scary counter-trend position...
Each losing trade is an opportunity to learn
  • #724
  • Apr 22, 2015 10:30am Apr 22, 2015 10:30am
Quoting EarnPipsNow
Short GBP/AUD at 1.9369, 42 pip stop. Scary counter-trend position...
Moving stop to break-even. Current price is 1.9350.
Each losing trade is an opportunity to learn
  • #725
  • Apr 22, 2015 10:38am Apr 22, 2015 10:38am
GBP/AUD and GBP/CAD, while highly correlated on the daily and weekly charts, are not correlated on the 5min and 1h chart (less than 25% correlation), at least at the moment.
So shorting GBP/AUD and buying GBP/CAD at the same time is not a problem on the smaller time frames.

Let's hope so
Each losing trade is an opportunity to learn
  • #726
  • Apr 22, 2015 10:42am Apr 22, 2015 10:42am
Quoting EarnPipsNow
Short GBP/AUD at 1.9369, 42 pip stop. Scary counter-trend position...
Out at 1.9339, +30 pips.
Each losing trade is an opportunity to learn
  • #727
  • Apr 22, 2015 10:52am Apr 22, 2015 10:52am
Quoting EarnPipsNow
Short EUR/USD at 1.0723, 35 pip stop.
Come on big boy, stop fooling around and break through the day's low.
Each losing trade is an opportunity to learn
  • #728
  • Apr 22, 2015 2:32pm Apr 22, 2015 2:32pm
Quoting EarnPipsNow
{quote} Come on big boy, stop fooling around and break through the day's low.
Provide a tally with each post of your win/loss ratio, otherwise there is no point. And if you could the Adverse Excursion ratio, this indicator shows what was your drawdown and thus risk per trade. Above 1 is very good (10 pips down for 10 pips gain) and it prevents exploitation of the survivalist bias.
  • #729
  • Apr 22, 2015 4:02pm Apr 22, 2015 4:02pm
SUBSCRISBLE
  • #730
  • Apr 22, 2015 8:03pm Apr 22, 2015 8:03pm
Quoting StephanusR
Provide a tally with each post of your win/loss ratio, otherwise there is no point.
Hi StephanusR,

Win/loss ratio is meaningless, a trader could lose 90% of the time and still make a killing.

Quoting StephanusR
And if you could the Adverse Excursion ratio, this indicator shows what was your drawdown and thus risk per trade. Above 1 is very good (10 pips down for 10 pips gain) and it prevents exploitation of the survivalist bias.
You want French fries and a Coke with that too?

I watch 28 currency pairs at the same time, on 3 different time frames and I post live Forex calls in real time, with specific entry and stop, so I really, REALLY do not have time for that kind of metrics. The most important thing is to make money at the end of the month/quarter/year while keeping the losses/drawdown small and manageable.

And so far, this system has accomplished just that.
Each losing trade is an opportunity to learn
  • #731
  • Apr 22, 2015 8:31pm Apr 22, 2015 8:31pm
Quoting EarnPipsNow
{quote} Come on big boy, stop fooling around and break through the day's low.
Good boy
Each losing trade is an opportunity to learn
  • #732
  • Apr 22, 2015 9:32pm Apr 22, 2015 9:32pm
Quoting EarnPipsNow
Short EUR/USD at 1.0723, 35 pip stop.
Out at 1.0698, 25 pip profit. Waiting for possible re-entry.
Each losing trade is an opportunity to learn
  • #733
  • Apr 22, 2015 9:41pm Apr 22, 2015 9:41pm
Short GBP/NZD at 1.9793, 49 pip stop.
Each losing trade is an opportunity to learn
  • #734
  • Apr 22, 2015 9:54pm Apr 22, 2015 9:54pm
Quoting EarnPipsNow
Yes I know, this short GBP/NZD is another scary counter-trend trade (from a day trading perspective), but I cannot ignore/discard a trading signal simply because the trade looks "scary".
If I may ask, what kinda trading signal that was?
  • #735
  • Apr 22, 2015 9:54pm Apr 22, 2015 9:54pm
Quoting EarnPipsNow
Short GBP/NZD at 1.9793, 49 pip stop.
Oups, short GBP/NZD at 1.9813. sorry for the typo.
Each losing trade is an opportunity to learn
  • #736
  • Apr 22, 2015 10:00pm Apr 22, 2015 10:00pm
Quoting Waiter
{quote} If I may ask, what kinda trading signal that was?
Sorry for the mix up, I shorted the GBP/NZD at 1.9813 but I posted the wrong number on the forum (1.9793). The stop is still the same however.
Each losing trade is an opportunity to learn
  • #737
  • Apr 22, 2015 10:08pm Apr 22, 2015 10:08pm
I posted the trade at 10:41pm (NY time) and as you can clearly see, the GBP/NZD was not even near that price (1.9793)
Each losing trade is an opportunity to learn
  • #738
  • Apr 22, 2015 10:20pm Apr 22, 2015 10:20pm
Quoting EarnPipsNow
I posted the trade at 10:41pm (NY time) and as you can clearly see, the GBP/NZD was not even near that price (1.9793)
Now 11:19 PM Jersey time, you got a chance for a lil pullback ;-)
  • #739
  • Apr 22, 2015 10:25pm Apr 22, 2015 10:25pm
Quoting Waiter
{quote} Now 11:19 PM Jersey time, you got a chance for a lil pullback ;-)
Hehehe, let's see...
Each losing trade is an opportunity to learn
  • #740
  • Apr 22, 2015 11:47pm Apr 22, 2015 11:47pm
Quoting EarnPipsNow
Short GBP/NZD at 1.9813, 49 pip stop
Notice anything unusual about these last two open trades?

I am short GBP/NZD and long GBP/CAD. Normally these two currency pairs are correlated 72.4% of the time on the hourly chart, but right now I am using the 15 min chart so I am kind of OK, sort of.

Bottom line, always check those correlation tables before opening any additional position, you don't want to bet against yourself.
Each losing trade is an opportunity to learn
0 traders viewing now