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Forex Made Millionaire Thread for Blog Swing Trades

  • #121
  • Feb 3, 2016 12:53pm Feb 3, 2016 12:53pm
Quoting Sielik
{quote} You are brilliant M8. How did you know that?
Lots of experience doing this, my friend!
check out my blog: forexmademillionaire dot com
  • #122
  • Feb 3, 2016 12:54pm Feb 3, 2016 12:54pm
OK, gang! I just posted to the blog... it's a mid-week update on the trades we were looking at on Sunday and direction I see things heading the rest of the week.

Take a read here: http://www.forexmademillionaire.com/...rading-update/
check out my blog: forexmademillionaire dot com
  • #123
  • Feb 3, 2016 4:39pm Feb 3, 2016 4:39pm
Quoting Geppy
OK, gang! I just posted to the blog... it's a mid-week update on the trades we were looking at on Sunday and direction I see things heading the rest of the week. Take a read here: http://www.forexmademillionaire.com/...rading-update/
Nice work Geppy. Thanks.
Que Sera
  • #124
  • Feb 3, 2016 4:54pm Feb 3, 2016 4:54pm
Quoting Geppy
OK, gang! I just posted to the blog... it's a mid-week update on the trades we were looking at on Sunday and direction I see things heading the rest of the week. Take a read here: http://www.forexmademillionaire.com/...rading-update/
Excellent post Geppy.
USDGPY was great.
  • #125
  • Feb 3, 2016 7:15pm Feb 3, 2016 7:15pm
Just closed my longs for about 70 pips profit. As much as I want to catch the next move it's becoming more and more unclear.
check out my blog: forexmademillionaire dot com
  • #126
  • Feb 3, 2016 7:41pm Feb 3, 2016 7:41pm
Weekly Chart made a 50 % rally ( 11144) but missed by 29 points. Actual High made ( 11115)

High taken from 28 August 2015 H (11712) to Low 29 November 2015. L ( 10519) Double Bottom 8 March 2015 and 29 November 2015. Range made 1193. Looks to me if EUR is no longer advancing to take out 11144, I will be interested to take a short.

Trade safe.

Fred
  • #127
  • Feb 3, 2016 7:55pm Feb 3, 2016 7:55pm
correction to my last post.

50% is 11115 and made a high of 11144 which is 29 points above. However, if the close is below 11115 we should be seeing a turn to the Low. I am not convinced that we are already finished to the top. Next level of R: is 11265.
  • #128
  • Feb 3, 2016 8:42pm Feb 3, 2016 8:42pm
I took some shorts in GBP/JPY... averaged at 172.05 -- it's feeling really weak here and the 1-hour is looking like it wants to roll over.

We'll see.
check out my blog: forexmademillionaire dot com
  • #129
  • Feb 3, 2016 9:37pm Feb 3, 2016 9:37pm
Quoting Geppy
I took some shorts in GBP/JPY... averaged at 172.05 -- it's feeling really weak here and the 1-hour is looking like it wants to roll over. We'll see.
Good call. The daily doesn't look too impressive either. Looks like it could be headed to 165 in the coming weeks.
  • #130
  • Feb 3, 2016 9:59pm Feb 3, 2016 9:59pm
Quoting mr305
{quote} Good call. The daily doesn't look too impressive either. Looks like it could be headed to 165 in the coming weeks.
Well , I don't agree with you on that trade.
I see Gbp/Jpy heading higher and taking the previous week high by the end of the week
  • #131
  • Feb 3, 2016 10:49pm Feb 3, 2016 10:49pm
Hey Geppy thank you for the mid week update great info! looking forward to hear your next moves...do you have SL @ 172.50 or tighter than that?


Quoting sunnyfarm
correction to my last post. 50% is 11115 and made a high of 11144 which is 29 points above. However, if the close is below 11115 we should be seeing a turn to the Low. I am not convinced that we are already finished to the top. Next level of R: is 11265.
EURUSD? I'll only give it a bit longer to prove otherwise!
-Pippi Longstocking (yes it's me)
  • #132
  • Feb 3, 2016 11:54pm Feb 3, 2016 11:54pm
Quoting Forex147
{quote} Well , I don't agree with you on that trade. I see Gbp/Jpy heading higher and taking the previous week high by the end of the week
maybe you can enlight us why you said that GBPJPY will head higher and taking current resistant ?
some analysis or chart will be helpful, mate

the way I see it, GBPYJPY heading to 169~ area in next week
time and patient is your strongest allies
  • #133
  • Edited 1:17am Feb 4, 2016 12:50am | Edited 1:17am
well I'm sorry that I can't dispose my method . Although it is technical .

I appreciate if you are interested to discuss the matter to contact me on my email.
Generally I think the sterling is heading higher against the dollar as myself bought today at 1.4586
and I think the Yen will not break beyond the previous lows of 116.45.
I also have bought Eur/Jpy .
My humble advice that don't hold Gbp/Jpy short positions beyond 172.55 level.
  • #134
  • Feb 4, 2016 2:19am Feb 4, 2016 2:19am
Quoting Forex147
well I'm sorry that I can't dispose my method . Although it is technical . I appreciate if you are interested to discuss the matter to contact me on my email. Generally I think the sterling is heading higher against the dollar as myself bought today at 1.4586 and I think the Yen will not break beyond the previous lows of 116.45. I also have bought Eur/Jpy . My humble advice that don't hold Gbp/Jpy short positions beyond 172.55 level.
cool trading....cause typically although not every time.....the gbp/xxx pairs go up on Thursday and Friday, a leftover from the carry trade days....the carry trade is dead.....not!!
  • #135
  • Feb 4, 2016 3:08am Feb 4, 2016 3:08am
I sold GBPJPY at 172.39. That's the top of a little short term range. SL is tight just above. I think there's a lot of potential south.
I sold USDCAD on the way down. I'm looking for that 1.35 area for TP.
I just got in on the USDJPY ride and sold.
And I bought AUDUSD.
It's all positive now.
  • #136
  • Feb 4, 2016 3:30am Feb 4, 2016 3:30am
I love GBP/JPY, easily my favourite forex pair, so I'll chip into this thread with my own technical analysis from time to time, but only on this pair, but also the Dax if anyone is interested in that. I'm not really a swing trader as I trade on small time frames, although I don't regard myself as a scalper. I trade exactly as a swing trader does, timing my entries on time frames below 1m, and setting my exits normally from 3-30m frames, depending upon where I see the most likely levels for S&R are.

The Daily Geppy chart isn't giving much away so I'll move straight to H4. Here the upmove at the end of Jan found resistance on the 200sma @ 17,420, dropped back before pushing north again, breaking through both the 200sma and ema. However, with the 6 hour 200ema just above, to me it was always likely to fail rather than continue northward in one single move. Staying with the 6 hour for a minute, I now have resistance coming over the top at around 17,400, and I also have the 100sma which has tucked in beneath the price at 17,086 currently, and this has acted as support thus far, though whether it continues to do so remains to be seen.

Back to H4, this is beginning to look quite bearish as I now have not only one topping moving average over the top of the price, but this has now been joined by a stronger one which should provide even more resistance than there was before.

Down to H1, yesterdays low found support on my 200sma @ 17,104, and since then we have crawled along sideways. in a tight range.

Down to the M15 chart, pinpoint resistance was found today on the 200ema just above the CP, and now it looks as if we may test the low of the day again, which is a support area for now @ 17,174.

So right now, I have momentum as being down. Will this support level hold? maybe today, but I think that either later, or tomorrow we could see a significant push lower to perhpas the 50% @ 16,952, or the 61.8% @ 16,816. As always, time will tell.
  • #137
  • Feb 4, 2016 4:25am Feb 4, 2016 4:25am
Quoting cat
I love GBP/JPY, easily my favourite forex pair, so I'll chip into this thread with my own technical analysis from time to time, but only on this pair, but also the Dax if anyone is interested in that. I'm not really a swing trader as I trade on small time frames, although I don't regard myself as a scalper. I trade exactly as a swing trader does, timing my entries on time frames below 1m, and setting my exits normally from 3-30m frames, depending upon where I see the most likely levels for S&R are. The Daily Geppy chart isn't giving much away so...
i typically use a combination of BB bands, RSI, and MACD on an daily and hourly timeframe, and right now they confirm everything you say. should be support around 169.8 within the next day or two. maybe it'll hold but, if it doesn't, it could be a quick trip to 165-166.
  • #138
  • Feb 4, 2016 7:20am Feb 4, 2016 7:20am
Shorts in GBP/JPY from last night are looking quite good, gang. We're currently up testing the 200 hour moving average as resistance. I'm tempted to sell more here but not sure I will

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  • #139
  • Feb 4, 2016 8:22am Feb 4, 2016 8:22am
Quoting Geppy
Shorts in GBP/JPY from last night are looking quite good, gang. We're currently up testing the 200 hour moving average as resistance. I'm tempted to sell more here but not sure I will {image}
you are the man! my account took a few hits with USD the past 48 hours; could finally use a win. +120pips so far. thinking of adding if it breaks below 170.
  • #140
  • Feb 4, 2016 9:05am Feb 4, 2016 9:05am
Quoting Geppy
Shorts in GBP/JPY from last night are looking quite good, gang. We're currently up testing the 200 hour moving average as resistance. I'm tempted to sell more here but not sure I will {image}
I did end up shorting some more. But I also just took profits on the entire position at 170.20 (proof below). I probably won't be entering any new position until after tomorrow's NFP, and even then, I won't enter unless I get good entries for things I've got my eye on. Kinda like bargain shopping

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