Do you see a downtrend here, Hoffi4201 (GBP/CAD - 5min)? I day-trade the Forex, so what looks a downtrend on a higher time frame could represent an uptrend on a smaller time frame, and vice versa. In fact there are no downtrends or uptrends, only ...

Gordon Gekko's real-time Forex trading calls

Out at 1.8620 (20 pip loss). System is out of sync with the market, at least for now.

Gordon Gekko's real-time Forex trading calls

Not sure I understand your post, Goldfinger. Are you reducing your stop on a still-not-live-yet position?

Gordon Gekko's real-time Forex trading calls

Long GBP/CAD at 1.8640 (limit order), 39 pip stop.

Gordon Gekko's real-time Forex trading calls

And reverse it did.

Gordon Gekko's real-time Forex trading calls

Yep, I knew something was wrong, stopped out.

Gordon Gekko's real-time Forex trading calls

EUR/NZD is about to reverse the trend of the day. Easy boy, easy...

Gordon Gekko's real-time Forex trading calls

Short GBP/NZD at 1.9460, 30 pip stop.

Gordon Gekko's real-time Forex trading calls

Good one, Goldfinger

Gordon Gekko's real-time Forex trading calls

Trade is going nowhere, closing position at 1.4292 (2 pip profit).

Gordon Gekko's real-time Forex trading calls

The head and shoulders pattern - on the EUR/USD (30 min) - that you talked about is now complete, kind of. Please note that this is not a very convincing H&S. In my opinion it's a fake. And that means that the Euro could go even higher in the next ...

Gordon Gekko's real-time Forex trading calls

No. While it is true that buying put or call options on the derivatives market can and will protect your spot position against adverse and/or sudden moves, it will NOT give you ANY kind of edge in the long run, regardless of risk/reward ratio. If ...

Million dollars dream - starting from $1000

Sure, anybody can make 15% a month for 2, 3 or 4 months. But try to find just one single trader that did this consistently for the last 50 years, for example... By the way, 15% a month means that the trader is now multiplying his trading capital ...

Million dollars dream - starting from $1000

A 229 pip profit target, getting greedy, eh?

Gordon Gekko's real-time Forex trading calls

Unfortunately Skillz16, making 10% a month consistently is almost impossible. Mathematically it's like tripling your account each and every year. Not even Soros or Buffet can do that, far from it.

Million dollars dream - starting from $1000

Lowering stop to 21 pips.

Gordon Gekko's real-time Forex trading calls

Buying EUR/NZD at 1.4290, 41 pip stop.

Gordon Gekko's real-time Forex trading calls

NZD Trade Balance report in 4 minutes...

Gordon Gekko's real-time Forex trading calls

Bye Insingh, 11:25 PM in Israel for you, I guess you must be tired.

Gordon Gekko's real-time Forex trading calls

Well, when a price goes down and reaches a specific level, buyers step in and stop the downtrend, because they perceive these levels as an excellent buying opportunity ("price is cheap, let's buy"). If the buying comes from the smart money (big ...

Gordon Gekko's real-time Forex trading calls