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Forex Made Millionaire Thread for Blog Swing Trades

  • #361
  • Feb 9, 2016 9:24pm Feb 9, 2016 9:24pm
A little, short time-frame chart for everyone's viewing pleasure:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-02-09 19.23.06.png Size: 145 KB
check out my blog: forexmademillionaire dot com
  • #362
  • Feb 9, 2016 9:36pm Feb 9, 2016 9:36pm
Quoting Geppy
{quote} At least give credit where credit is due, man... http://news.forexlive.com/!/usdjpy-b...rates-20160210
plagerisim not intended just didnt get enough in the cut before posting
  • #363
  • Feb 9, 2016 10:19pm Feb 9, 2016 10:19pm
it was an unsquared candle.....probably....that's where the price left a level too fast and the banks like to re-visit to square the trades they promised....
  • #364
  • Feb 10, 2016 12:29am Feb 10, 2016 12:29am
China growth slow and its currency devaluation is problems to the rest of the world.hope further rate cut and further devaluation of yuan.so its affect US exports .it affect US job market .Unemploymenet rate decreases to 4.9%.US GDP may only grow 1.5 % in 2016 due to stock markets.past non farm payroll number is 151K so it is not a bad number because to decrease unemployment rate only 75K-80K new jobs is enough to monthly basis.but at this moment Economic growth is slow (Q1)inflation rate may decrease to 0.60. if FED raises interest rate too quickly US economy face recession so FED not going to raise interset rate before (Q3) 2016.DAX dropped below 9000 points and hit support line 8824.00 so bounce will hope. with good technical analysis EUR/USD may touch 1.1500 level in this week. any ideas guys?
  • #365
  • Feb 10, 2016 1:28am Feb 10, 2016 1:28am
Quoting Geppy
{quote} Swing trades can go just for a few days. They don't have to be weeks long.
That's the joys of being a swing trader, you don't need to be clued to the screen 24hrs a day. The trend is your friend
  • #366
  • Feb 10, 2016 1:36am Feb 10, 2016 1:36am
Quoting Geppy
A little, short time-frame chart for everyone's viewing pleasure: {image}
Thanks for correction. Now I see.
  • #367
  • Feb 10, 2016 7:08am Feb 10, 2016 7:08am
nevertheless when looking from the lower tf I might be right
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 84 KB
  • #368
  • Feb 10, 2016 7:44am Feb 10, 2016 7:44am
Quoting Evilzim
{quote} That's the joys of being a swing trader, you don't need to be clued to the screen 24hrs a day. The trend is your friend
Definitely one of the biggest benefits. I call it "lifestyle trading".
check out my blog: forexmademillionaire dot com
  • #369
  • Feb 10, 2016 7:46am Feb 10, 2016 7:46am
Hey gang. I'm surprised to see GBP/JPY well above 167 when I woke up. It's adding to my frustration for sure. Yellen just made some comments, knocking it down a bit.

I'm going to see what today has in store and keeping my stops just above 168.
check out my blog: forexmademillionaire dot com
  • #370
  • Feb 10, 2016 7:58am Feb 10, 2016 7:58am
Quoting Geppy
{quote} Hey steveyd, I'm not in a USD/JPY trade simply because I've already got my Yen exposure with my GBP/JPY shorts. Remember, this is a swing trading thread so we're targeting some bigger moves which also means (especially if trading GBP/JPY) bigger stop losses. So consider taking smaller positions or ones that would coincide with tolerable risk on a reasonable stop loss. I like GBP/JPY shorts with a stop at ~167.50 I'm looking for an initial target of 157.00 and if I'm feeling really saucy, somewhere around 153.50 or so. Sounds crazy, yes......

Hi Geppy,

G/J Have you moved your SL from 167.5 to above 168? I got stopped at 167.5
MarK
  • #371
  • Feb 10, 2016 8:02am Feb 10, 2016 8:02am
Quoting Mr0791
{quote} Hi Geppy, G/J Have you moved your SL from 167.5 to above 168? I got stopped at 167.5
I stated yesterday that stops should be above 168. Regardless, everyone here is their own woman/man and therefore own trader. You need to make your own decisions and analysis. Following someone like a sheep isn't going to make you a trader.
check out my blog: forexmademillionaire dot com
  • #372
  • Feb 10, 2016 8:07am Feb 10, 2016 8:07am
USD/JPY resistance 114.99 with tight stop loss . sell USD/JPY yellen may drive it to 112.50 easily.
  • #373
  • Feb 10, 2016 8:10am Feb 10, 2016 8:10am
Geppy,


what "cross pairs" do you trade? I would like to cut down the number of pairs I watch.
  • #374
  • Feb 10, 2016 8:17am Feb 10, 2016 8:17am
Quoting Geppy
{quote} I stated yesterday that stops should be above 168. Regardless, everyone here is their own woman/man and therefore own trader. You need to make your own decisions and analysis. Following someone like a sheep isn't going to make you a trader.
True story, use your own analysis and its okay so get stopped out its a lesson learned and be grateful you using a stop loss! GBP/JPY nailed me hard haha Should have pulled out at 164.00 yesterday instead of "hoping" it go lower, oh well lessons learned.
  • #375
  • Feb 10, 2016 8:19am Feb 10, 2016 8:19am
Quoting Geppy
{quote} I stated yesterday that stops should be above 168. Regardless, everyone here is their own woman/man and therefore own trader. You need to make your own decisions and analysis. Following someone like a sheep isn't going to make you a trader.
Hey Geppy, I don't blame you at all. I must've missed this info.
I trade very small % (3 max) so no worries. I am learning by following the best. I apologize if you felt offended.
MarK
  • #376
  • Feb 10, 2016 8:20am Feb 10, 2016 8:20am
Quoting Jijjie
USD/JPY resistance 114.99 with tight stop loss . sell USD/JPY yellen may drive it to 112.50 easily.
I dont like the way USD/JPY its in a box on the 1hr chart however still in a down trend on the daily but i think im sitting this one out until it breaks either 115.5 resistance or 114.3 support. thats my thoughts on this pair.
  • #377
  • Feb 10, 2016 8:23am Feb 10, 2016 8:23am
Quoting Mr0791
{quote} Hey Geppy, I don't blame you at all. I must've missed this info. I trade very small % (3 max) so no worries. I am learning by following the best. I apologize if you felt offended.
Don't trade with others opinion. only get facts and get idea and make your own trade system with good money management tactics. hope you doing well
  • #378
  • Feb 10, 2016 8:28am Feb 10, 2016 8:28am
Quoting Jijjie
{quote} Don't trade with others opinion. only get facts and get idea and make your own trade system with good money management tactics. hope you doing well
Thanks for advise, In case of my last G/J tade the SL at 167.5 made sense (on 1hr timeframe). However markets are unpredictable. All is good.
MarK
  • #379
  • Feb 10, 2016 8:43am Feb 10, 2016 8:43am
Quoting Mr0791
{quote} Hey Geppy, I don't blame you at all. I must've missed this info. I trade very small % (3 max) so no worries. I am learning by following the best. I apologize if you felt offended.
Apologizing for what Mr0791?you didn't miss any information.

 

  1. Post 348

Quoting steveyd78
Do you think now would be a good time to jump into a short USD/JPY ? are you still in yours Geppy ? Im being cautious with it today but looks ready for a good move down now on the 15 min chart
Hey steveyd, I'm not in a USD/JPY trade simply because I've already got my Yen exposure with my GBP/JPY shorts.

Remember, this is a swing trading thread so we're targeting some bigger moves which also means (especially if trading GBP/JPY) bigger stop losses. So consider taking smaller positions or ones that would coincide with tolerable risk on a reasonable stop loss.

I like GBP/JPY shorts with a stop at ~167.50

I'm looking for an initial target of 157.00 and if I'm feeling really saucy, somewhere around 153.50 or so.

Sounds crazy, yes... but don't count it out.

  • #380
  • Feb 10, 2016 10:40am Feb 10, 2016 10:40am
Quoting LittleDoc
Geppy, what "cross pairs" do you trade? I would like to cut down the number of pairs I watch.
Generally just GBP/JPY unless there is a strong fundamental reason to argue for a different cross. It doesn't make much sense trading multiple crosses since they generally trade the same way. And you don't want to over expose yourself to Yen.
check out my blog: forexmademillionaire dot com
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