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Forex Made Millionaire Thread for Blog Swing Trades

  • #681
  • Feb 16, 2016 12:01am Feb 16, 2016 12:01am
Alright, gang. I'm packing it in for the night. I do dig the 15-minute candle that just closed. First one we've gotten to close decisively below the 50 and 100 moving averages on that timeframe in awhile.

Here's hoping things are back to normal tomorrow with US equities actually open. Woot!
check out my blog: forexmademillionaire dot com
  • #682
  • Feb 16, 2016 12:08am Feb 16, 2016 12:08am
The m5 timeframe shown support has beeen breached. In the 240 min timeframe it has traded sideways for some hours. Trying session high at 165.9. Been thinking to wait a couple hours to seee whether the 240 min support breached and enter my shorts. Noob here, but thats my view. Maybe guys had a better view on this.
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  • #683
  • Feb 16, 2016 12:23am Feb 16, 2016 12:23am
Quoting Geppy
Alright, gang. I'm packing it in for the night. I do dig the 15-minute candle that just closed. First one we've gotten to close decisively below the 50 and 100 moving averages on that timeframe in awhile. Here's hoping things are back to normal tomorrow with US equities actually open. Woot!
Morning All Seems to have broken the bottom channel however it looks like its moving parallel in consolidation. Didn't break resistance @ 165.7 or support @ 164 .6. that my analysis not sure if its 100% but thats what im kinda seeing on the 1HR chart. What do you think?
  • #684
  • Feb 16, 2016 12:28am Feb 16, 2016 12:28am
Quoting broomar
Hi geppy, I'm not SURE, is it the time going down, waiting to break strong support of M5. {image}
Broomar with no disrespect, how do you trade with such messy screen? lol Seems like alot is going on...
  • #685
  • Feb 16, 2016 12:30am Feb 16, 2016 12:30am
Quoting Forex147
Hi Guys, going long Gbp/Jpy at these levels not too risky. already prices near trend line as mentioned by Geppy. If prices broke down , cut loss and reverse . I went long both Gbp/Usd and Gbp/Jpy.
Did going long bite you in the ass? Hope you grabbed some meaty pips!!
  • #686
  • Feb 16, 2016 1:12am Feb 16, 2016 1:12am
yesterday I took short GBP/JPY but it triggerd SL.GBP/JPY touch 164.94 support level, still think GBP/JPY may go to 157 and after that 154.70.after yesterday loosing trade I want to rest before to take another trade. I am reading "The Alchemy of Finance" now.
  • #687
  • Feb 16, 2016 1:26am Feb 16, 2016 1:26am
Quoting Evilzim
{quote} Broomar with no disrespect, how do you trade with such messy screen? lol Seems like alot is going on...
Hi evilzim

I sculp 1min/5min TF.Yeah it looks messy.its okay for me,Once we know the direction of the trend it much easier to sculp.Expecially when we used 200ema/200ma as S/R .thanks to Q for his guidance.
  • #688
  • Feb 16, 2016 1:33am Feb 16, 2016 1:33am
Quoting Geppy
Actually seeing a nice little breakdown here. Not sure if it's got any legs,but it'd be nice to see it trade below 165.00 -- would definitely give me more confidence.
Still Short. The last seven (7) H4 Candlesticks have failed to penetrate the 38.2% retracement of the last move down at 165.624. A Break and close above, I'm out. Until then, I think it would be reasonable to holds still...so I will.

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Cheers.
  • #689
  • Feb 16, 2016 2:37am Feb 16, 2016 2:37am
GBP/JPY Currently divergence on the 1H timeframe with MACD and PA
  • #690
  • Feb 16, 2016 2:59am Feb 16, 2016 2:59am
CPI news coming 9.30am GMT

Be careful trading GBP pairs this morning
  • #691
  • Feb 16, 2016 3:00am Feb 16, 2016 3:00am
couple of weeks ago I did make mention of that GBP/JPY made a Low of 163.867 on Feb: 2nd 2014 and another Low January 20th 2016. 163.972 Because this is a very strong Double Bottom, we can expect an upturn. However, having said that, please be patient since a lot of Accumulation is taken place. I do not think it will finish anytime soon.

Happy trading
  • #692
  • Feb 16, 2016 3:02am Feb 16, 2016 3:02am
Lots of volatility, going to be running some very quick shorts.
  • #693
  • Feb 16, 2016 3:12am Feb 16, 2016 3:12am
finally got my 166 hopefully dragon smashes through weekly pivot this time
  • #694
  • Feb 16, 2016 3:13am Feb 16, 2016 3:13am
I'm not trading it but USDCAD has shot up 90 pips in 10 minutes, lol
  • #695
  • Feb 16, 2016 3:15am Feb 16, 2016 3:15am
Quoting Rurozan
I'm not trading it but USDCAD has shot up 90 pips in 10 minutes, lol
about time that moved turtle lately
  • #696
  • Feb 16, 2016 3:38am Feb 16, 2016 3:38am
Boring mixed news on GBP, now anything can happen for GBPJPY....
  • #697
  • Edited 4:00am Feb 16, 2016 3:46am | Edited 4:00am
165.14 acting as support but I expect it to break soon.

Add: and now it should be resistance. Diving short.

Near term expectation is about 164. Target is open and kinda just following PA right now.
  • #698
  • Feb 16, 2016 4:05am Feb 16, 2016 4:05am
dragon is going for a fly burning down resistance points watch out longs ..
  • #699
  • Feb 16, 2016 5:13am Feb 16, 2016 5:13am
Next target.

hi gang, hopefully we can reach 2nd target.
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  • #700
  • Feb 16, 2016 5:22am Feb 16, 2016 5:22am
Quoting broomar
Next target. hi gang, hopefully we can reach 2nd target. {image}
Hi Broomar, why is that your 2nd target and not slightly above 163.85 on previous resistance which is now support. Just curious
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