Trading results for week ending April 24, 2015. Short GBP/AUD at 1.9161, 51 pip stop. Out at break-even. Short GBP/USD at 1.4915, 44 pip stop. Target reached, +35 pips. Long EUR/AUD at 1.3919 (limit order), 46 pip stop. Out at 1.3900, 19 pip loss ...

Gordon Gekko's real-time Forex trading calls

Out at break-even.

Gordon Gekko's real-time Forex trading calls

Short GBP/NZD at 1.9970, 39 pip stop.

Gordon Gekko's real-time Forex trading calls

Yep, that nice little hammer did its job perfectly and stopped the GBP/JPY from falling any further (see chart below). Also notice the huge bullish engulfing pattern around 3 AM (NY time). Generally speaking, when you see that type of powerful ...

Gordon Gekko's real-time Forex trading calls

Closing trade at 180.59, +65 pips.

Gordon Gekko's real-time Forex trading calls

A trader with a sense of humor, how refreshing. No my friend, mixing alcohol with trading is an extremely bad idea. And the side effects are usually very, very costly. Not to mention the hangover the day after.

Gordon Gekko's real-time Forex trading calls

Oh, a nice little hammer just appeared, so there is some hope

Gordon Gekko's real-time Forex trading calls

GBP/JPY printing shooting stars and bearish engulfing patterns, not a good sign...

Gordon Gekko's real-time Forex trading calls

Trade is of course live (and slightly profitable).

Gordon Gekko's real-time Forex trading calls

Long GBP/JPY at 179.94 (limit order), 37 pip stop.

Gordon Gekko's real-time Forex trading calls

Yes I see what you mean, but just out of curiosity, could you post a few GBP/NZD scalp trades, in real time, with the exact limit entry price and stop?

Gordon Gekko's real-time Forex trading calls

Sure, but the odds of making money consistently scalping the GBP/NZD (5 to 10 pip spread) are clearly not in your favor. I mean your timing must be extremely, extremely accurate! Otherwise the relatively big spread alone would kill you in the long ...

Gordon Gekko's real-time Forex trading calls

Wow! How can you possibly scalp GBP/NZD (THE wildest pair of them all) for 10 to 15 pips profit when the average spread is already in the 5 to 10 pips range or more ??

Gordon Gekko's real-time Forex trading calls

Notice anything unusual about these last two open trades? I am short GBP/NZD and long GBP/CAD. Normally these two currency pairs are correlated 72.4% of the time on the hourly chart, but right now I am using the 15 min chart so I am kind of OK, sort ...

Gordon Gekko's real-time Forex trading calls

Hehehe, let's see...

Gordon Gekko's real-time Forex trading calls

I posted the trade at 10:41pm (NY time) and as you can clearly see, the GBP/NZD was not even near that price (1.9793)

Gordon Gekko's real-time Forex trading calls

Sorry for the mix up, I shorted the GBP/NZD at 1.9813 but I posted the wrong number on the forum (1.9793). The stop is still the same however.

Gordon Gekko's real-time Forex trading calls

Oups, short GBP/NZD at 1.9813. sorry for the typo.

Gordon Gekko's real-time Forex trading calls

Short GBP/NZD at 1.9793, 49 pip stop.

Gordon Gekko's real-time Forex trading calls

Out at 1.0698, 25 pip profit. Waiting for possible re-entry.

Gordon Gekko's real-time Forex trading calls