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Forex Made Millionaire Thread for Blog Swing Trades

  • #641
  • Feb 15, 2016 1:02pm Feb 15, 2016 1:02pm
seems like a good time to read some Trading in the Zone "Patience young Jedi"
  • #642
  • Feb 15, 2016 1:05pm Feb 15, 2016 1:05pm
Quoting FSUtrader
seems like a good time to read some Trading in the Zone "Patience young Jedi"
Yes, sir! You probably don't have class today. I on the other hand do have work. I'm the boss and I don't believe President's day warrants a day off
check out my blog: forexmademillionaire dot com
  • #643
  • Feb 15, 2016 1:28pm Feb 15, 2016 1:28pm
I'm still holding my GJ short from 165. Stops at 166. I'm at a good place for a possible 160 to 161 target. If it goes down some i'll add more positions. I'll let the day close and see where to go from there.
  • #644
  • Feb 15, 2016 1:39pm Feb 15, 2016 1:39pm
Quoting Good Lookin
I'm still holding my GJ short from 165. Stops at 166. I'm at a good place for a possible 160 to 161 target. If it goes down some i'll add more positions. I'll let the day close and see where to go from there.
I'll give it this... it is finally starting to feel a bit weak up at these levels. I took a short at 165.51 after seeing it struggle to take out last night's highs. But I'm keeping a tight leash on it.

I'm watching the 15 minute and waiting to see price trade below the 50 and 100 moving averages since they're both so close together now. If we can do that and then test the MA's as resistance (and hold, of course) I'd look to sell a bit more.
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  • #645
  • Feb 15, 2016 2:20pm Feb 15, 2016 2:20pm
This may mean nothing at all but given that USDJPY is already in a clear downtrend on weekly/monthly, and with RSI hitting 88 on 15-minute chart, I see that as early sign to resuming downtrend. So X/JPY should drop however lack of volatility is delaying the drop. I think 115 is too generous for this upmove, should drop to 114 at least then we can see PA there.
  • #646
  • Feb 15, 2016 2:39pm Feb 15, 2016 2:39pm
Hello! This is my first post on ForexFactory. I like this thread very much and I hope I can use it to make some nice profitable trades.

What is your view on EUR/USD? I'm currently short @1.1225 but I dont know where to exit the trade and take profit.
  • #647
  • Feb 15, 2016 3:06pm Feb 15, 2016 3:06pm
Quoting swetrader
Hello! This is my first post on ForexFactory. I like this thread very much and I hope I can use it to make some nice profitable trades. What is your view on EUR/USD? I'm currently short @1.1225 but I dont know where to exit the trade and take profit.
Hi swetrader, glad to have you but I hope you plan on contributing here and not just "using" the thread. Our goal is to build a little community of swing traders so we can all help each other be more successful traders.

As far as EUR/USD goes, I like shorts but probably not until I see a correction a bit higher (maybe near 1.1200).
check out my blog: forexmademillionaire dot com
  • #648
  • Feb 15, 2016 3:22pm Feb 15, 2016 3:22pm
Quoting Geppy
{quote} Hi swetrader, glad to have you but I hope you plan on contributing here and not just "using" the thread. Our goal is to build a little community of swing traders so we can all help each other be more successful traders.
I'm planning to post my own ideas of the forex markets discussed. But since I'm new into trading I still want to use this thread for learning and discussing with other traders which I guess is one of the purposes of this thread.

Quoting Geppy
{quote} As far as EUR/USD goes, I like shorts but probably not until I see a correction a bit higher (maybe near 1.1200).
Correction? Do you mean a reversal? If that is the case it is maybe good for me to not exit the trade and target lower.
  • #649
  • Feb 15, 2016 3:23pm Feb 15, 2016 3:23pm
Are we finally seeing some cracks in this uptrend/retracement? Feels like it...
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  • #650
  • Feb 15, 2016 3:31pm Feb 15, 2016 3:31pm
Quoting Geppy
Are we finally seeing some cracks in this uptrend/retracement? Feels like it...
WHAT ?
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  • #651
  • Feb 15, 2016 3:36pm Feb 15, 2016 3:36pm
Quoting Squiggles
{quote} WHAT ? {image}
haha, not sure what old Victoria is referencing but seems we've got similar taste in words
check out my blog: forexmademillionaire dot com
  • #652
  • Feb 15, 2016 4:13pm Feb 15, 2016 4:13pm
Quoting swetrader
{quote} I'm planning to post my own ideas of the forex markets discussed. But since I'm new into trading I still want to use this thread for learning and discussing with other traders which I guess is one of the purposes of this thread. {quote} Correction? Do you mean a reversal? If that is the case it is maybe good for me to not exit the trade and target lower.
Welcome...yes probably a reversal is meant...in general a correction is a move backwards from the trend direction......but then trend direction is according to which what time frame......you'll make money following Geppy......get in the heads of these traders....it'll come to ya....it takes " time in the seat ".....but guess what, God has a reason for ya to be doing forex, which is different than stocks or oil and Gold. Those have quirky .....better know what their tricks are......moves. Forex is different . edit to add...we still want your thoughts....you're one of us , ya know....and we like more input the better.
  • #653
  • Feb 15, 2016 4:26pm Feb 15, 2016 4:26pm
165.75/85 is proving hard to break for gbp/jpy-trend line and 2 levels of fib confluence there-waiting to see which side of current consolidation price breaks out-if I were already short I would hang in there​
  • #654
  • Feb 15, 2016 5:50pm Feb 15, 2016 5:50pm
I decided to go short gbpjpy @165.346 and long eur/usd @ 1.11633. Stops obviously close for the moment
  • #655
  • Feb 15, 2016 5:50pm Feb 15, 2016 5:50pm
Still holding a little bit from last Friday on GBP/JPY. I added some yesterday at the open, unfortunately I got half size stopped out at 165.74 (the exact high of last night! .) Tough break, but I am planning for this to be a little longer trade then I am used too. We are currently seeing some weakness in GBP right now, and we have a nice double top forming on the 30 minute chart. I will be looking to add to my position if we can hit 166.70 and have a pull back, or if we drop hard past 164.75. First target is at 161.75.
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  • #656
  • Feb 15, 2016 6:27pm Feb 15, 2016 6:27pm
GBP/JPY is clinging to the lower trend channel support. Break this and it's a good sign we're ready to start heading lower, finally!

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  • #657
  • Feb 15, 2016 6:51pm Feb 15, 2016 6:51pm
the last gasp for air before the rollover!
  • #658
  • Feb 15, 2016 7:02pm Feb 15, 2016 7:02pm
Hi everyone,

Hold onto your itchy finger and trade what you see...Be patient and market will pay you.

Following up on previous post: http://www.forexfactory.com/showthre...11#post8749511

GJ Daily
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GJ H4
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Kindest regards
  • #659
  • Feb 15, 2016 7:03pm Feb 15, 2016 7:03pm
Quoting madhatter
the last gasp for air before the rollover!
haha, I hope you're right madhatter!
check out my blog: forexmademillionaire dot com
  • #660
  • Feb 15, 2016 7:31pm Feb 15, 2016 7:31pm
well, looking on my daily chart I will not be surprise to see price at 168ish
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