Gordon Gekko's real-time Forex trading calls | Page 41 | Forex Factory

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Gordon Gekko's real-time Forex trading calls

  • #801
  • Apr 30, 2015 11:32am Apr 30, 2015 11:32am
Quoting EarnPipsNow
Short GBP/CAD at 1.8576, 50 pip stop
GBP/CAD testing 50% Fib for the second time. This is the moment of truth...
Each losing trade is an opportunity to learn
  • #802
  • Apr 30, 2015 11:49am Apr 30, 2015 11:49am
Quoting Hoffi4201
how did u come up with this short at this point ?
Just following the trading rules of my system.

Why, are you long the GBP/CAD?
Each losing trade is an opportunity to learn
  • #803
  • Apr 30, 2015 11:51am Apr 30, 2015 11:51am
Quoting EarnPipsNow
Short GBP/CAD at 1.8576, 50 pip stop
Moving stop to break-even.
Each losing trade is an opportunity to learn
  • #804
  • Apr 30, 2015 12:39pm Apr 30, 2015 12:39pm
seemed to me like an uptrend
  • #805
  • Apr 30, 2015 1:08pm Apr 30, 2015 1:08pm
Quoting EarnPipsNow
Short GBP/CAD at 1.8576, 50 pip stop
Out at 1.8526.

I'll take that 50 pips, thank you.
Each losing trade is an opportunity to learn
  • #806
  • Apr 30, 2015 1:40pm Apr 30, 2015 1:40pm
Quoting Hoffi4201
seemed to me like an uptrend
Well, here is the thing Hoffi4201. See that big fat get-the-hell-out-of-my-way-or-I-will-break-your-neck-like-a-toothpick candle on the GBP/CAD (15min)? It was immediately followed by an equally mean, do-not-mess-with-me shooting star (see chart below).

My friend, if you see that type of configuration, run for your life if you are long! Or a least reduce stop or position size, the market is clearly not in a buying mood at that moment.

In fact you could construct a few profitable trading systems around these big fat candles, assuming you spend enough time studying their typical behaviour...
Attached Image (click to enlarge)
Click to Enlarge Name: imag.jpg Size: 122 KB
Each losing trade is an opportunity to learn
  • #807
  • Apr 30, 2015 2:13pm Apr 30, 2015 2:13pm
Long USD/CAD at 1.2100 (limit order), 36 pip stop.
Each losing trade is an opportunity to learn
  • #808
  • Apr 30, 2015 2:20pm Apr 30, 2015 2:20pm
Quoting EarnPipsNow
Long USD/CAD at 1.2100 (limit order), 36 pip stop.
Trade is now live.
Each losing trade is an opportunity to learn
  • #809
  • Apr 30, 2015 2:31pm Apr 30, 2015 2:31pm
Quoting EarnPipsNow
{quote} Trade is now live.
Out at break-even (0.2 pip profit actually). Just realized I was looking at the wrong time frame. Of course it does not mean USD/CAD cannot go up
Each losing trade is an opportunity to learn
  • #810
  • Apr 30, 2015 2:38pm Apr 30, 2015 2:38pm
ok, thanks for explanation
  • #811
  • Apr 30, 2015 3:05pm Apr 30, 2015 3:05pm
Quoting Hoffi4201
ok, thanks for explanation
You are quite welcome.

Alright, enough Starbucks coffee and Forex for today, I am going to grab a cold one and watch an episode of Boston Legal on my DVD player.
Yep, that's it.
Each losing trade is an opportunity to learn
  • #812
  • May 1, 2015 3:40pm May 1, 2015 3:40pm
Trading results for week ending May 1, 2015.

Short EUR/CAD at 1.3219, 36 pip stop : break-even
Short GBP/USD at 1.5144 (limit order), 45 pip stop. Out at 1.5154, 10 pip loss.
Long GBP/USD at 1.5156, 45 pip stop. Out at 1.5223, +67 pips.
Long CHF/JPY at 124.66, 42 pip stop. Out at 124.34, 32 pip loss.

Short EUR/NZD at 1.4213, 38 pip stop: -38 pips
Shorting again the EUR/NZD at 1.4213, 38 pip stop. Out at 1.4243, -30 pips.

Long EUR/NZD at 1.4260 (stop order), 42 pip stop. Out at 1.4430, +170 pips.
Short GBP/CHF at 1.4676 (limit order), 33 pip stop.Out at 1.4489, +187 pips.
Short NZD/USD at 0.7695, 54 pip stop. Out at 0.7607, +88 pips.
Short GBP/CAD at 1.8576, 50 pip stop +50 pips.
Long USD/CAD at 1.2100 (limit order), 36 pip stop: breakeven

Total for this week: +452 pips
Total since beginning: +786 pips.

In 10 weeks the system earned almost 800 pips (340 pips a month on average).

Have a good weekend.
Each losing trade is an opportunity to learn
  • #813
  • May 1, 2015 4:09pm May 1, 2015 4:09pm
Quoting EarnPipsNow
Trading results for week ending May 1, 2015. Short EUR/CAD at 1.3219, 36 pip stop : break-even Short GBP/USD at 1.5144 (limit order), 45 pip stop. Out at 1.5154, 10 pip loss. Long GBP/USD at 1.5156, 45 pip stop. Out at 1.5223, +67 pips. Long CHF/JPY at 124.66, 42 pip stop. Out at 124.34, 32 pip loss. Short EUR/NZD at 1.4213, 38 pip stop: -38 pips Shorting again the EUR/NZD at 1.4213, 38 pip stop. Out at 1.4243, -30 pips. Long EUR/NZD at 1.4260 (stop order), 42 pip stop. Out at 1.4430, +170 pips. Short GBP/CHF at 1.4676 (limit order), 33 pip stop.Out...
Very nice!
  • #814
  • May 2, 2015 5:24am May 2, 2015 5:24am
keep up the good work
  • #815
  • May 2, 2015 5:20pm May 2, 2015 5:20pm
Thank you Ergest7 and Hoffi4201.

Quoting EarnPipsNow
Shorting again the EUR/NZD at 1.4213, 38 pip stop. Now behave yourself Mr. Kiwi or I swear I will start punching some kangaroos
Disclaimer: No kangaroos were harmed during this Forex transaction.
Each losing trade is an opportunity to learn
  • #816
  • May 3, 2015 8:03pm May 3, 2015 8:03pm
Long GBP/USD at 1.5150, 41 pip stop.

Come on GBP/USD, get up there and make me some money. Off you go, chop chop.
Each losing trade is an opportunity to learn
  • #817
  • May 4, 2015 6:28pm May 4, 2015 6:28pm
Long GBP/AUD at 1.9280, 30 pip stop.
Each losing trade is an opportunity to learn
  • #818
  • May 4, 2015 6:45pm May 4, 2015 6:45pm
Quoting EarnPipsNow
Long GBP/AUD at 1.9280, 30 pip stop.
Position has been abandoned at break-even.
Each losing trade is an opportunity to learn
  • #819
  • May 4, 2015 8:42pm May 4, 2015 8:42pm
Short GBP/AUD at 1.9295, 31 pip stop.
Each losing trade is an opportunity to learn
  • #820
  • May 4, 2015 9:06pm May 4, 2015 9:06pm
Quoting EarnPipsNow
Short GBP/AUD at 1.9295, 31 pip stop.
Hi EPN
By shorting you are buying the Aussie.Overall sentiment is negative for Aussie and most likely there will be a IR cut tomorrow.
Fundamentally you are a bit early shorting.(just my opinion and I could be wrong...)
Regards
In trading, you have to be defensive and aggressive at the same time
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