Naturally I don't know the details of your trading system or strategy and I could be totally wrong of course but here are a few things I noticed from your trading activity. 1: You tend to open and close positions rapidly and frequently. In the long ...

Gordon Gekko's real-time Forex trading calls

They did it again. Look at the phony breakout they created on the GBP/JPY to trap short sellers ...

Gordon Gekko's real-time Forex trading calls

Double top where exactly? Careful Isingh, you are opening and closing positions too fast and too frequently, unless you are simply scalping the market of course.

Gordon Gekko's real-time Forex trading calls

Yes but some profit taking is probably going to take place now...

Gordon Gekko's real-time Forex trading calls

Oh yes. In fact there are probably hundreds of them right here on ForexFactory, watching what we are up to.

Gordon Gekko's real-time Forex trading calls

Something to keep in mind: the market makers ALSO see these chart patterns and they know we are seeing them too so they will probably do everything to get rid of the weak players...

Gordon Gekko's real-time Forex trading calls

Hi Isingh, Yes the GBP/JPY is about to go down real hard, or so it seems. Here is the situation right now (see chart).

Gordon Gekko's real-time Forex trading calls

+50 pips, moving stop to break-even.

Gordon Gekko's real-time Forex trading calls

Short GBP/AUD at 1.9442, 42 pip stop.

Gordon Gekko's real-time Forex trading calls

Out at 1.8805 (25 pip profit). Waiting for another possible short re-entry.

Gordon Gekko's real-time Forex trading calls

Just out of curiosity, what time frame are you using for your trading decisions (5min, 15min, 30min, 1h, 4h, daily, etc...)?

Gordon Gekko's real-time Forex trading calls

Well I do hope it's not in Vietnamese Dongs, one of the cheapest currencies in the world (21,551 Dongs = 1 USD)? Just kidding, good luck.

Tim's £500 marathon. Goal £1 million

Moving stop to break-even.

Gordon Gekko's real-time Forex trading calls

They say when you find a good trading setup, always find another one that contradicts it completely! In the GBP/JPY case, we have a channel with a potential breakout to the downside (bearish implications), see chart above. BUT, at the same time we ...

Gordon Gekko's real-time Forex trading calls

No need to thank me Isingh, after all we are just here to exchange trading ideas/setups.

Gordon Gekko's real-time Forex trading calls

True. The GBP/JPY is also surfing inside a neat channel on the 30 min chart (see below). The breakout is usually on the downside but it could go either way of course...

Gordon Gekko's real-time Forex trading calls

That's the best way to learn, Isingh. I tried learning the easy way but it did not work. Jokes aside trading is THE most difficult and challenging "job" on earth. It takes years or even decades to learn how to play that game. There are no geniuses ...

Gordon Gekko's real-time Forex trading calls

Hi Isingh: As far as trading is concerned, I think the most important question to ask first is this one: Does my trading system have an edge? If the answer is yes then you can start looking for ways to improve your stop and/or exit strategy. Where ...

Value of Time, Opportunity vs Risk; Exit, PSize all that Jazz

On the 1h chart the GBP/CAD has just completed a very powerful bearish engulfing reversal pattern, see chart below. This bearish signal is just too strong to ignore.

Gordon Gekko's real-time Forex trading calls