+50 pips, moving stop to break-even.

Gordon Gekko's real-time Forex trading calls

Long USD/CHF at 1.0073 (limit order), 39 pip stop.

Gordon Gekko's real-time Forex trading calls

Short GBP/AUD at 1.9732 (limit order), 61 pip stop. Hope it's not too late, this beast usually waits for nobody...

Gordon Gekko's real-time Forex trading calls

Shorting EUR/JPY at 128.50, 54 pip stop.

Gordon Gekko's real-time Forex trading calls

Long GBP/CHF position has now been closed at 23:45 NY time (+166 pip profit). For verification purposes, all prices mentioned here come from the FXCM data feed (no affiliation with this particular FX broker however).

Gordon Gekko's real-time Forex trading calls

A few random thoughts while I am baby-sitting this long GBP/CHF trade. I personally believe that the biggest challenge for any trader is not to find a good entry point but the optimal EXIT point. In fact, a few studies have shown that it is possible ...

Gordon Gekko's real-time Forex trading calls

Thank you but there was no need to apologize Sir. And yes I do realize now that saying "I am moving the stop to break-even" (when the position was clearly unprofitable at that moment) could have confused a few traders, at first glance. Next time I ...

Gordon Gekko's real-time Forex trading calls

Yes, but that's precisely the goal of any trading system : to quickly capture any temporary inefficiency in the market and/or recognize what the smart money is up to. If you see a big Head and Shoulders formation at the end of an extended uptrend ...

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

Absolutely. If a trader deposits say $2,000 and the cost of spread is say $20, after 100 trades all his money is gone. And then he will start scratching his head wondering why all his trading capital has disappeared. Because let's face it, unless he ...

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

Where did I ever say the contrary? Careful with that idea my friend. Having an edge does not necessarily mean that you are know able to predict the direction of the market more than 50% of the time. You could lose 70% of the time and still make a ...

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

+150 pips, now using a dynamic trailing stop to protect profits. If trailing stop is not hit this long GBP/CHF position will be closed at 23:45 NY time, as specified at the beginning of this thread.

Gordon Gekko's real-time Forex trading calls

Hi Hanover, Yes I am aware of this thing called "true" leverage (as opposed to "false" leverage I suppose ?!?). Personally, I believe this "concept" was invented by brokers just to confuse traders even more! And they did succeed, don't you think? ...

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

While this is a sound advice, there is often a HUGE difference between demo trading and live trading. In demo trading everything seems ok and peachy, your stops are respected to the pip, there is virtually no slippage and your limit/stop orders (or ...

What is the best broker for beginners

+50 pips, moving stop to break-even.

Gordon Gekko's real-time Forex trading calls

Here is something that I noticed time and time again: if the price of a currency spends a very long time going nowhere after I initiate a position, while still never threatening to hit my stop, it usually goes in the expected direction most of the ...

Gordon Gekko's real-time Forex trading calls

Hi KeroroQ: The top of what exactly? And in what time frame? And according to what rule ? A "top" in timeframe A could be a support area in time frame B or C, and vice versa. Which is which is of course ALWAYS obvious... after the fact. Like they ...

Gordon Gekko's real-time Forex trading calls

Although marginally profitable, this long GBP/CHF position (and the Swiss Franc in general) is currently going nowhere, as traders are anxiously waiting for the CHF unemployment report, due in 5 hours (2:45 AM New York time). So let's wait and see... ...

Gordon Gekko's real-time Forex trading calls

Bought GBP/USD at 1.5130, 37 pip stop.

Gordon Gekko's real-time Forex trading calls

For those of you who day-trade (or like to keep their positions open for 48 hours at most) here is something to consider. If a currency pair does not move at least 60 pips from midnight to 8 AM (New York time), in my opinion it is not worth ...

Gordon Gekko's real-time Forex trading calls

Long GBP/CHF position is now live.

Gordon Gekko's real-time Forex trading calls