Another missed opportunity. I would have made over 100 pips but no, due to wrong parameter setting this trade was exited prematurely at break-even. If we add the other missed opportunity on the EUR/NZD trade (also exited prematurely), the total ...

Gordon Gekko's real-time Forex trading calls

I just found out that one of the parameters I am using was accidentally set to 52, instead of 25. No wonder I keep getting those weird results!! The parameter has now be reset to the correct value and hopefully everything will be back to ...

Gordon Gekko's real-time Forex trading calls

Stopped out. Those shooting stars were deadly. A lousy week, indeed.

Gordon Gekko's real-time Forex trading calls

Reducing stop to 30 pips. GBP/JPY is still trying to break through the 177.50 resistance.

Gordon Gekko's real-time Forex trading calls

If my calculations are correct, the high of the day has not been reached yet, as far as the GBP/JPY is concerned.

Gordon Gekko's real-time Forex trading calls

Uh-oh, shooting star on the 5 and 15 min charts...

Gordon Gekko's real-time Forex trading calls

Buying GBP/JPY at 177.50, 51 pip stop.

Gordon Gekko's real-time Forex trading calls

Moving stop to breakeven.

Gordon Gekko's real-time Forex trading calls

Bought USD/CAD at 1.2495, 26 pip stop.

Gordon Gekko's real-time Forex trading calls

You are welcome. Bought AUD/JPY at 93.30, 33 pip stop.

Gordon Gekko's real-time Forex trading calls

Possible breakout in progress on the USD/CAD (5 min) . This is a pennant formation with bullish implications...

Profiting from simple classical chart patterns

The problem with this approach is that the trader loses twice as much when the price hits his stop and never reaches his initial first target. I also try to liquidate 50% of my position after X number of pips but only if I am convinced that the ...

Gordon Gekko's real-time Forex trading calls

Too bad I exited that long EUR/NZD position prematurely, I could have made almost 200 pips just by holding and liquidating the trade the next day, at 11:45 PM (as I usually do when position is winning and not touching trailing stop) .

Gordon Gekko's real-time Forex trading calls

As expected the EUR/CHF (15 min) "escaped" from that upward channel and went down like a sack of potatoes. Notice the pullback to the uptrend line (red circle), an excellent place to initiate a low-risk/high-reward short position.

Profiting from simple classical chart patterns

I never said that it's impossible to turn 1k to 1 Million in a year or less. After all, a trader could get extremely lucky and buy the exact low of the year. Then he could pyramid his position to the max and make a killing. Yes. Here is the fastest ...

Million dollars dream - starting from $1000

How true my friend. You could go to Ebay or other online auction websites and type "Forex system" (or something similar) and voila, all kinds of cheap trading "systems" would pop up. Yep, just Paypal me 99 cents (or even 20 bucks) and I would send ...

Million dollars dream - starting from $1000

By the way Hoffi4201, care to share a few live Forex calls with us, if you have a minute? Thanks in advance.

Gordon Gekko's real-time Forex trading calls

EUR/CHF (15 min), how long will this upward channel last, especially if the price ever hits the resistance line just ahead (red line)...?

Profiting from simple classical chart patterns

The end of the month is even better...

Gordon Gekko's real-time Forex trading calls

Yes I understand (and totally agree with) what you are saying, Hoffi4201. But how do we define a trend exactly that's the problem. Sure we can draw trendlines here and there, but do they really represent the "real" trend or are we just fooling ...

Gordon Gekko's real-time Forex trading calls