Shorting NZD/JPY at 88.88 (limit order), 40 pip stop. If limit order is triggered trade will be closed at exactly 3PM (NY time), win or lose. I never carry trades over the weekend.

Gordon Gekko's real-time Forex trading calls

The only problem with the CHF is that it's a VERY expensive currency to trade at the moment: 10K margin money or more just to open 1 standard USD/CHF lot (and 17K for GBP/CHF), that's pretty stiff. Leverage in that case is down to 10 to 1 (from 200 ...

I've figured out why so many people lose money in Forex

Why? Because in the case of the CHF for example, and peg or no peg, people/corporations/governments all over the world still had to buy and sell Swiss Francs for commercial/investment purposes, or simply for tourism. And the only way to conduct ...

I've figured out why so many people lose money in Forex

Hi ProfitDaily: Some countries are still pegged to the US dollar, here is a partial list: Aruba Bahamas Barbados Belize Bermuda Caribbean island states China Colombia Cuba Ecuador Eritrea Hong Kong Jordan Macau Maldives Oman Panama Qatar Saudi ...

I've figured out why so many people lose money in Forex

Precisely. And that why some deep pocket speculators and even entire corporations lost billions with these "cannot lose" deals. Because when these "100% correlation trades" get out of sync, oh boy, say hello to "Chapter 11" (non US members can ...

Gordon Gekko's real-time Forex trading calls

I am looking at 28 currency pairs every hour and each trading day, Hippoownyou. But in any case, I cannot pull the trigger if I don't have a clear trading signal from my system. And yes, watching the charts for 10 hours or more and not finding any ...

Gordon Gekko's real-time Forex trading calls

Ok CHF/JPY, I gave you 4 hours to make your move and you are still sleeping, so off you go, you are fired. Limit order has now been cancelled

Gordon Gekko's real-time Forex trading calls

From a purely classical chart pattern point of view, the CHF/JPY is currently surfing inside an almost perfect rectangle, on the 5 to 15 min charts. Seems like a breakout is just around the corner...

Gordon Gekko's real-time Forex trading calls

You've got it. A support/resistance level is more powerful and meaningful if trading volume was also relatively heavy in that same area, in the past.

I've figured out why so many people lose money in Forex

Looking to buy CHF/JPY at 120.85 (limit order), 34 pip stop.

Gordon Gekko's real-time Forex trading calls

At the moment I see a potential trading opportunity on the USD/ZAR, but with a spread fluctuating between 5 and 40 pips almost each second, I don't think so In fact, I doubt if anyone could make a living day-trading most of these exotic ...

Gordon Gekko's real-time Forex trading calls

As you can see, both short Yen positions (EUR/JPY and CHF/JPY) have been automatically closed at break-even. Also notice that the (cancelled) long USD/CHF order would have hit my stop after triggering the pending order, proving one more time - and ...

Gordon Gekko's real-time Forex trading calls

+35 pips, moving stop to break-even.

Gordon Gekko's real-time Forex trading calls

Thank you Inceptionist. Beside posting live calls I am also trying to share a few trading ideas acquired (the hard way!) over the years. Well, as you know, after his release from prison for insider trading, Gordon was barred from trading stocks ...

Gordon Gekko's real-time Forex trading calls

Pending order has been cancelled for the same reasons mentioned before. "You are the weakest link so good bye", like they say on TV.

Gordon Gekko's real-time Forex trading calls

A few more random thoughts while I am waiting for a couple of Japanese economic reports due in 20 minutes (7:50 PM). A New York Forex trader once told me that it's very hard for him to day-trade. When asked why he said it's because the biggest moves ...

Gordon Gekko's real-time Forex trading calls

This short GBP/AUD limit order has now been canceled. From a day-trading's perspective, it's never a good sign if a pair takes a long time to hit a limit/stop order. Best case scenario, if the price triggers the order later during the day, the ...

Gordon Gekko's real-time Forex trading calls

Short CHF/JPY position is now live and slightly profitable.

Gordon Gekko's real-time Forex trading calls

This is a scary trade (position is not live yet though) because I really don't like what the GBP/AUD is doing right now. On the 15 min chart, the GBP/AUD is surfing inside a neat downtrend channel. When that happens, the breakout is usually on the ...

Gordon Gekko's real-time Forex trading calls

Short CHF/JPY at 120.45 (limit order), 55 pip stop. I forgot to mention that all pending orders are of course automatically closed the same day (at midnight N.Y. time for me), if not triggered.

Gordon Gekko's real-time Forex trading calls