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Forex Made Millionaire Thread for Blog Swing Trades

  • #461
  • Feb 11, 2016 3:36am Feb 11, 2016 3:36am
looking for Reversal at 156.105 and 162.484
  • #462
  • Feb 11, 2016 3:41am Feb 11, 2016 3:41am
wow...what just happened ? I like it....I love it
Cheers Geppy, you are the best
  • #463
  • Feb 11, 2016 4:23am Feb 11, 2016 4:23am
Whoa! Shock! I like it... Just woke up, and what a nice surprise. Way to go Geppy!
  • #464
  • Feb 11, 2016 4:43am Feb 11, 2016 4:43am
I just added another short @161.5...
  • #465
  • Feb 11, 2016 5:42am Feb 11, 2016 5:42am
we are moving again...

another big leg down?
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  • #466
  • Feb 11, 2016 6:35am Feb 11, 2016 6:35am
Gotta love a 211 pip spike in one minute...
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  • #467
  • Feb 11, 2016 6:39am Feb 11, 2016 6:39am
Well, darn it all... The BoJ just dumped some yen.
Demand seems to be eating it up though...
We'll see.
  • #468
  • Feb 11, 2016 7:18am Feb 11, 2016 7:18am
Quoting Rurozan
Gotta love a 211 pip spike in one minute... {image}
today some people surely frustrated about that move.some slippages can experience with brokers
  • #469
  • Feb 11, 2016 7:19am Feb 11, 2016 7:19am
Quoting Jijjie
{quote} today some people surely frustrated about that move.some slippages can experience with brokers
that move costed me $10k
SL slipped...
  • #470
  • Feb 11, 2016 7:31am Feb 11, 2016 7:31am
Quoting Almo2312
{quote} finally broke my interest level added another short for about 400 pips cu GJ @160.27ish {image}
like I thought..

2 trades,about 800 pips in total

cheers
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #471
  • Feb 11, 2016 8:14am Feb 11, 2016 8:14am
Hi team! After going to be at about 10pm PST, I woke up a bit after midnight to go to the bathroom. When I looked at my phone I saw a bunch of trade notifications on my lock screen. It took me a second to realize what had happened in my haze, and I couldn't believe we'd already hit our TPs.

Once again, patience pays off. Congrats to all of those that stuck with our trade even when it got mentally tough. I hope you all bagged a ton of pips!

Now, some real talk...

My first short entry came in at 167.00 and I added aggressively as we fell. My final, averaged position was at 166.20 and I took 95% of everything off at 161.80 with the rest at 160.45. That means, on average, I bagged over 440 pips. And I know some of you did the same.

I'm not saying this to brag, but to help realize what happens in situations like this. When you score a massive win like this you'll usually feel pretty amazing. This is one of the most dangers times for a trader. You might not realize it, but the confidence you now feel is dangerous. You might feel invincible, like you can do no wrong. And that's what will get you in trouble.

Understand one thing. Yes, we had an amazing trade and you should feel good about that. But at the end of the day, we saw an edge, took it, and we happened to get rewarded by the market. The market could have just as easily gone the other way. The probabilities were in our favor, that doesn't mean it's 100% to happen.

So don't go risking more than you normally would on the next trade. Take a few hours, few sessions, few days if you have to and adequately come off the high of winning big. Be safe, be smart, and be profitable.
check out my blog: forexmademillionaire dot com
  • #472
  • Feb 11, 2016 8:27am Feb 11, 2016 8:27am
In other news, I've dipped my toe into some USD/CAD shorts based on the upper bound of the rising wedge:

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check out my blog: forexmademillionaire dot com
  • #473
  • Feb 11, 2016 8:56am Feb 11, 2016 8:56am
So quiet in here!

What the heck, guys. Did you all do your celebrating last night without me?!?!
check out my blog: forexmademillionaire dot com
  • #474
  • Feb 11, 2016 8:58am Feb 11, 2016 8:58am
Quoting Geppy
! , but to help realize what happens in situations like this. When you score a massive win like this you'll usually feel pretty amazing. This is one of the most dangers times for a trader. You might not realize it, but the confidence you now feel is dangerous. You might feel invincible, like you can do no wrong. And that's what will get you in trouble. Understand one thing. Yes, we had an amazing trade and you should feel good about that. But at the end of the day, we saw an edge, took it, and we happened to get rewarded by the market. The market...

Great advice!!! overconfidence easily sets in when one has remarkable green pips. So keep this million $ advice very handy.
  • #475
  • Edited 10:12am Feb 11, 2016 8:59am | Edited 10:12am
Quoting Geppy
So quiet in here! What the heck, guys. Did you all do your celebrating last night without me?!?!
Great call on G/J Congrats!!!
Also U/C looks great. Are you targeting bottom line of the wedge or looking for break?
MarK
  • #476
  • Feb 11, 2016 9:00am Feb 11, 2016 9:00am
Quoting Mr0791
{quote} Great all on G/J Congrats!!! Also U/C looks great. Are you targeting bottom line of the triangle or looking for break?
It's looking really nice already. And since I have such a nice position on I'll probably hold it and see how the bottom of the wedge plays out. I'm still favoring 1.3550-ish so I'd be looking to add on a break down of the wedge.
check out my blog: forexmademillionaire dot com
  • #477
  • Feb 11, 2016 9:02am Feb 11, 2016 9:02am
Quoting Geppy
Hi team! After going to be at about 10pm PST, I woke up a bit after midnight to go to the bathroom. When I looked at my phone I saw a bunch of trade notifications on my lock screen. It took me a second to realize what had happened in my haze, and I couldn't believe we'd already hit our TPs. Once again, patience pays off. Congrats to all of those that stuck with our trade even when it got mentally tough. I hope you all bagged a ton of pips! Now, some real talk... My first short entry came in at 167.00 and I added aggressively as we fell. My final,...

Basically dont let emotions take over you !!haha So 440 pips would obviously also depend on leverage and lots used... so just a approx. figure what damage are we looking at ? haha in South Africa 1000$ is R15 000 thats some good money here! On average i think thats what most people earn a month lolz
  • #478
  • Feb 11, 2016 9:08am Feb 11, 2016 9:08am
Quoting Evilzim
{quote} Basically dont let emotions take over you !!haha So 440 pips would obviously also depend on leverage and lots used... so just a approx. figure what damage are we looking at ? haha in South Africa 1000$ is R15 000 thats some good money here! On average i think thats what most people earn a month lolz
Just added it up... cleared about $6,400 USD on that trade. That being said, I put on some more shorts on the retrace that got stopped out (and slippage) during the near BoJ intervention which cost me ~$1,100

In the coming weeks I'm going to start publishing monthly performance on my blog since I started this account in December. Just working on finding the time to write them and getting them in a format that will be educational/helpful.
check out my blog: forexmademillionaire dot com
  • #479
  • Feb 11, 2016 9:09am Feb 11, 2016 9:09am
Quoting Geppy
{quote} It's looking really nice already. And since I have such a nice position on I'll probably hold it and see how the bottom of the wedge plays out. I'm still favoring 1.3550-ish so I'd be looking to add on a break down of the wedge.
On the 4HR chart is the current price confirming its a H&S, seems like it as Left shoulder hit the same levels in Dec 2015... what do you think?
  • #480
  • Feb 11, 2016 9:12am Feb 11, 2016 9:12am
Quoting Evilzim
{quote} On the 4HR chart is the current price confirming its a H&S, seems like it as Left shoulder hit the same levels in Dec 2015... what do you think?
I'm not big on H&S patterns usually. They're pretty unreliable. I'm just watching the 1-hour wedge and the 4-hour which looks weak. The latter is trading below the MAs and looks like it wants to roll over.
check out my blog: forexmademillionaire dot com
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