Fact is, most Forex traders cannot make 2% a month consistently while still maintaining their drawdown under 25%. On the other hand, there is an almost infinite supply of "traders" who make 1,000% a year with 90% or more dizzying drawdowns. Then ...

(binned per thread starter’s request) Forex Factory Arena (US)

Same thing here, the expected breakout to the downside had no follow through and was not a valid signal. The real breakout happened the other way. Notice the huge pullback all the way back to the breakout line (red circle), a nice spot to initiate ...

Profiting from simple classical chart patterns

As you can see, the "breakout" on this head and shoulders formation was not a valid signal (see details on how to filter breakouts in previous posts).

Profiting from simple classical chart patterns

Here are the trading results for this week (Sunday to Friday). Bought EUR/CAD at 1.3575, 47 pip stop: -20 pips (stop was set to 20 pips later on, as mentioned). Buying GBP/JPY at 178.45, 58 pip stop: +200 pips Short NZD/CHF at 0.7334 (limit order), ...

Gordon Gekko's real-time Forex trading calls

Ok Isingh, have a good one.

Gordon Gekko's real-time Forex trading calls

Sorry that was the euro, here is the 1h GBP/JPY with that same shooting star.

Gordon Gekko's real-time Forex trading calls

Personally I don't believe in over-bought or over-sold scenarios. However, one thing is for sure, it will take a LOT ( and I really mean a LOT!) of buying power to break through that huge shooting star you see on the GBP/JPY 1h chart.

Gordon Gekko's real-time Forex trading calls

Ok I see what you mean now. In case case that GBP/JPY move was kind of weird, it retraced 75% in both directions, up and down! It was like those gigantic Non Farm Payroll moves, in the good old days

Gordon Gekko's real-time Forex trading calls

Yep, too bad for that unfilled AUD/USD long position, the Aussie took off like a NASA rocket just after you entered your limit order. Nice call though.

Gordon Gekko's real-time Forex trading calls

Hi: "Pent-up", you mean their trendline is too steep?

Gordon Gekko's real-time Forex trading calls

Position has been closed at 130.35. I'll take that 50 pips, thank you.

Gordon Gekko's real-time Forex trading calls

Moving stop to break-even as a precautionary measure (I really don't trust Fridays...).

Gordon Gekko's real-time Forex trading calls

EUR/JPY is trying to break through the high of the day...

Gordon Gekko's real-time Forex trading calls

On Fridays and as always, all open trades (if any) are automatically closed at 3PM (NY time).

Gordon Gekko's real-time Forex trading calls

Buying EUR/JPY at 129.85, 41 pip stop.

Gordon Gekko's real-time Forex trading calls

Welcome to the club, Goldfinger.

Gordon Gekko's real-time Forex trading calls

Short NZD/CHF position has now been abandoned/closed at 0.7351 due to time stop (meaning the price is not acting as expected, after a reasonable period of time). 17 pip loss. Maximum paper gain (unrealized profits) on that position : 31 pips.

Gordon Gekko's real-time Forex trading calls

Ok I will answer via the private message section later (and reserve this thread to live calls only), right now I have to go. Take care for now and good luck.

Gordon Gekko's real-time Forex trading calls

Yep, that's it. When my positions are in place, I could go out and knock down a couple of Guinness at my favorite Irish pub and it wouldn't make a difference. Plus I can always check my positions from my smartphone from time to time, just out of ...

Gordon Gekko's real-time Forex trading calls

A third of all Forex transactions in the world is done in London alone. Most of the time, the trend will stop (or at least greatly reduce its speed) between 12PM and 2PM (NY time), that is 2 hours (at most) after the London close. It's like the ...

Gordon Gekko's real-time Forex trading calls