Short GBP/CAD at 1.8830, 46 pip stop.

Gordon Gekko's real-time Forex trading calls

Here is one way to determine if a support line is valid. Let's say I believe the red horizontal line (see below) is a possible support area. Now, to confirm my hypothesis I need to see at least 2 candles completely above that support line. To get ...

Gordon Gekko's real-time Forex trading calls

In my opinion the best way to buy support is to wait for at least some rebound.

Gordon Gekko's real-time Forex trading calls

Out at break-even, too late to baby-sit that trade.

Gordon Gekko's real-time Forex trading calls

In any case the Aussie is about to hit some serious support lines, that's for for sure.

Gordon Gekko's real-time Forex trading calls

Long at what price? I see you are trying to pick the bottom of the downtrend.

Gordon Gekko's real-time Forex trading calls

Shorting chf/jpy at 124.10, 38 pip stop. We have two breakouts that went nowhere, so if the chf/jpy wants to go down then so be it.

Gordon Gekko's real-time Forex trading calls

From a technical analysis point of view, here is how the chf/jpy looks like. We have a channel and what appears to be a breakout, both from the channel and the rectangle.

Gordon Gekko's real-time Forex trading calls

Out at 124.15, nothing is working today.

Gordon Gekko's real-time Forex trading calls

To be more specific a long CHF/JPY position has been initiated at 124.20, the original buying price.

Gordon Gekko's real-time Forex trading calls

Re-entry at same price.

Gordon Gekko's real-time Forex trading calls

Ok take care Isingh.

Gordon Gekko's real-time Forex trading calls

In and of itself a shooting star has little predictive value. Just like with all candlesticks formations, the context is very important. For example, a huge hammer at support level is more powerful than a hammer located somewhere else. The big ...

Gordon Gekko's real-time Forex trading calls

The market makers love to play tricks during the Asian session...

Gordon Gekko's real-time Forex trading calls

Don't mess with the exotics after the New York close, especially between 5 and 7 PM (NY Time), the spread is deadly.

Gordon Gekko's real-time Forex trading calls

Another shooting star at resistance level. Great, just what I needed.

Gordon Gekko's real-time Forex trading calls

Oh I see, you "borrowed" it from the local "library", eh?

Gordon Gekko's real-time Forex trading calls

Setting stop to 20 pips.

Gordon Gekko's real-time Forex trading calls

By the way, if you want to read a fantastic book on trading psychology I strongly suggest you order this one : "Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and Cutting Edge Psychology (Wiley Trading) by Gary Dayton, ...

Gordon Gekko's real-time Forex trading calls

The CHF is erratic sometimes yes. On the other hand, the Yen usually respects support/resistance lines and trendlines. So let's see...

Gordon Gekko's real-time Forex trading calls